What should be my fear? - page 4. | Bitcointalksearch.org

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I understand your feeling. So if it's the first time you join the market, please put in the market as little as possible. For example, an ice cream cone a day.

aoluain

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Quote from: blockman on December 06, 2022, 04:15:04 PM

Quote from: aoluain on December 06, 2022, 03:19:29 PM

Quote from: blockman on December 05, 2022, 05:21:30 PM

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

Yep, that's exactly what I would be afraid of, not getting enough Bitcoin at times like this!

Don't be worried about the price falling, just buy more when/if it does.

Be afraid of the future when Bitcoin passes $100k and looking back to >NOW< and
realising you had a golden opportunity to buy low.

People look only when the price is falling but don't look at the opportunity that it is bringing for everyone. And when this time is done, they'll be missing it again sharing how frustrated they are and regretful about not purchasing when we're telling them so.
That's really scarier when it's on the news that bitcoin has already reached 6 digits and they didn't even hold even a few satoshis of it.

That's right, there are people who have fears about buying now because the price might
go down but they fail to realise the price will go up.

There are people who need proof to counter their fears and so will buy when the price
goes close to the ATH then realise they shouldn't have been so consumed by their
fears at $17k.

DU18

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Quote from: noormcs5 on December 06, 2022, 03:59:41 PM

I will say that you are lucky that you have spare funds with you and that you are looking to buy bitcoin. Another plus point is that you will be taking entry in bitcoin at the lowest prices that are likely to rise in the future. This may be the best time to enter in bitcoin and start accumulating bitcoins.
I would advice to you buy bitcoins as much as you can afford without any fear.

Even though he has reserve funds but the allocation for buying BTC must be determined in several stages, I think 30% of the reserve fund is very feasible to invest at the current price and the rest is recommended for buying the lowest price, but if the market shows bullish potential then the entire reserve fund can be used for recovery from losses from previous assets. DYOR

borovichok

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Quote from: virasog on December 06, 2022, 03:42:22 PM

Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The only fear for you is to have little knowledge of cryptocurrency and this may result in a big loss for you. Even though as per your writing you do not want to trade bitcoin, you only want to hold bitcoin with the extra money which you have but due to lack of knowledge, you may be at risk.
You may not know how and where to save your crypto and bitcoin. You also need to know how to safeguard your seed phrases and what are the different types of wallets. There are so many phishing attempts that you should be aware of. So I would advise you to first get knowledge about bitcoin and then buy and store bitcoin for long term holding.

You're absolutely right, getting more knowledge about bitcoin and how it operates is the main stuff here, rather than seeking to purchase more without the knowledge of Bitcoin and how it operates. It's very crucial and important that one knows what he's getting into before foreseeing the future or the present. Although there are many things to discover in the space such as how the entire operation of bitcoin came into existence and the how the entire crypto space operates. Securing your phrases also one of the most important stuff in crypto.

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

As a newbie you to understand the rudiments of cryptocurrency before having much interest in cryptocurrency, because without been part of cryptocurrency, the investment might trigger or land for negative side, which can make you to think of good and bad side of cryptocurrency, so therefore it's of my understanding to know directly when should be my preferable time to invest into cryptocurrency as well.

Mahanton

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Fear not. The only thing you should really be that mindful is that you do accept the risk on the time that you are buying bitcoin considering that nothing is assured nor really have assurance that this would last forever
or does have that ending where price could really be that high but if we do base up with price history then we cant really be able to deny that it could really be having that potential.
So if you could bare up with the risk involved with crypto buying specially with Bitcoin and since its not something that you risk up your spendable budget then go ahead.
Lucky for you that you are investing on the amount which you could only afford to lose and dont make out some compromises into other things.

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Why should you fear since it's not your decision to fail to invest when you have the money to do so, sometimes the condition we found ourselves in were meant to place and position us to the right direction in doing something, when you were able to afford the little finance you're opportuned to raise then you can start the accumulation of bitcoin bit by bit not a must you buy at once, this will also help you to reduce the extent to loss at any time, you don't need to fear as long as you are dealing with bitcoin.

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

What you need OP is to understand first how this Bitcoin works. You can't just invest blindly because it was not the interest that brings you success but also knowledge. Stop your fear, control your emotions, and learn everything about Bitcoin then you are ready to go.

It is very important that you make ready yourselves. Set money intended for this and be sure that amount is okay for you to lose. Yes, the price is low and a good opportunity to buy but never do rush instead, think about it many times.

KennyR

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Cryptocurrency Market is subject to risk. Everyone is aware of the unpredictable market movement of bitcoin followed is the altcoins. Nothing to fear if you've got trust over the growth of bitcoin over the years. You should not expect immediate growth or making money overnight out of the price increase.

Many users invest when the market is towards the top, which shouldn't be done. Make use of the opportunity, invest when you find the price. Don't panic on price crash, because the same could be taken advantage by the whales on the market.

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Quote from: aoluain on December 06, 2022, 03:19:29 PM

Quote from: blockman on December 05, 2022, 05:21:30 PM

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

Yep, that's exactly what I would be afraid of, not getting enough Bitcoin at times like this!

Don't be worried about the price falling, just buy more when/if it does.

Be afraid of the future when Bitcoin passes $100k and looking back to >NOW< and
realising you had a golden opportunity to buy low.

People look only when the price is falling but don't look at the opportunity that it is bringing for everyone. And when this time is done, they'll be missing it again sharing how frustrated they are and regretful about not purchasing when we're telling them so.
That's really scarier when it's on the news that bitcoin has already reached 6 digits and they didn't even hold even a few satoshis of it.

noormcs5

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I will say that you are lucky that you have spare funds with you and that you are looking to buy bitcoin. Another plus point is that you will be taking entry in bitcoin at the lowest prices that are likely to rise in the future. This may be the best time to enter in bitcoin and start accumulating bitcoins.
I would advice to you buy bitcoins as much as you can afford without any fear.

SOKO-DEKE

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Since the money you want to use to buy Bitcoin is for you and not part of your spendable budget or a loan, I don't ghink you have anything to worry about. And u are also aware of the fluctuations in the price of bitcoin on the market, and you have made the decision to hodl your Bitcoin for a long period of term, I believe you are stres free.

However, the advice I will provide for you, is for you to look for ways to give your Bitcoins good security by getting a better wallet and maintaining the security of your private key and seed phrases.and in order to prevent future stories,never try to leave your Bitcoin on any centralized exchange; instead, I try to move it to a decentralized exchange.

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The only fear for you is to have little knowledge of cryptocurrency and this may result in a big loss for you. Even though as per your writing you do not want to trade bitcoin, you only want to hold bitcoin with the extra money which you have but due to lack of knowledge, you may be at risk.
You may not know how and where to save your crypto and bitcoin. You also need to know how to safeguard your seed phrases and what are the different types of wallets. There are so many phishing attempts that you should be aware of. So I would advise you to first get knowledge about bitcoin and then buy and store bitcoin for long term holding.

The Cryptovator

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To be honest, I don't see any reason to be concerned about buying Bitcoin. The only concern is keeping your Bitcoin safe. Yes, you must ensure that your holdings are secure from hackers or scammers. For example, if you store into exchange, it would behave similarly to FTX. If you use a custodial wallet, your funds are not under your control. So consider whether you want to store your Bitcoin in a hardware wallet or a non-custodial wallet. However the price is pretty good to accumulate. You don't need to be concerned.

aoluain

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Quote from: blockman on December 05, 2022, 05:21:30 PM

Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

Yep, that's exactly what I would be afraid of, not getting enough Bitcoin at times like this!

Don't be worried about the price falling, just buy more when/if it does.

Be afraid of the future when Bitcoin passes $100k and looking back to >NOW< and
realising you had a golden opportunity to buy low.

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You wouldn't have had any fear assuming you don't have the money to invest and also you wouldn't have had any fear if you didn't intend to hold your bitcoin for a very long time. Now that you have the money to invest and have decided to hold the Bitcoin for a very long time and additionally you acknowledge that the price of Bitcoin is cheap now, the fear that you should be afraid of is the fear of regret. How you will cry about not using this opportunity of today may be in 5 years time

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Quote from: Mophymac on December 05, 2022, 09:56:09 AM

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

What should be your fear? --I think when it will fall go down a further $10k.
But --^{[there is a big but]} this only happens if you don't believe in bitcoin, the fear of losing value is the number one problem in most common investors. But some others -- they believe that bitcoin will reach again in a new ATH and bitcoin has no temporary position in the market and the time will come bull season will come. So there is nothing to fear when you are investing and holding in a long term because it has been proven that bitcoin has a bull position.

Ummarr

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As a newbie that has a little knowledge on bitcoin /cryptocurrency I think what should be your fear is suppose to be 2 things.
1: target a time before you invest in bitcoin you've to be careful.
2: second thing is dat you've to be careful don't live your assets in online wallet.

TommieSang

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If this money that you are using to invest in bitcoin is not going to be used for the next 2 years, then there is really nothing to worry about. Time will tell the answer.

yazher

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Honestly, there's no need to fear in this kind of situation but you need to consider using only the money that is not supposed for something important like hospital bills, electric bills, etc., and other stuff like that. Because the market right now is not looking good and you might find yourself in a situation where you might not get your money back again because the price of bitcoin is not that stable right now. When I say not stable, I mean the price of bitcoin in the crypto market is keep falling no one really knows when will it stop. That's why you only invest what you can afford to lose and one thing in this scenario, you need to find something to do and forget about your investment for now. Because checking the price every hour in the crypto market is not really a good thing to do right now you might want to do something else to have a piece of mind.

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