Topic: Why I've been scared to invest in bitcoin - page 3. (Read 437 times)

You are scared because this is new to you and you afraid to lose your hard earned money so best thing needed to do if you are really interested with bitcoin is to study more of it. Don't invest due to hype because you end up losing your money since as you said volatility is really unpredictable which can cost a lot if you made a mistake upon buying it.

Also there's no need for regulatory body to enter because bitcoin is very much doing its job on circulation of the market if you are afraid of scams protect yourself by gearing up proper education since you are the one who can help yourself here so good luck and hope you continue learning more about bitcoin.

Hey man, you should keep in mind that Bitcoin's volatility is the main reason why a lot of people invest in Bitcoin, hoping that they'll have a good fortune in a long term perspective. Everything you've just said is a contrary to what most people are looking here, regarding the future of Bitcoin. Why do you ask for a stricter regulations when Bitcoin was designed to be decentralized? You won't ever felt afraid of losing your Bitcoin when you know how to store it properly. And, yes you need to learn what type of wallets is safe and what's not.

Finally, Bitcoin will not gonna stop being so volatile in your lifetime. That's something that you don't need to worry, because the closest scenario for that is when every fraction of Bitcoin is mined, and that will happen in the next 100+ years lol.

Well, the point is that you are afraid not because of the volatile nature of Bitcoin but it was because you don't have the courage to lose your money. Even though there is a regulating body this won't control everything in the market movements, the price will still fall or pump depending on the situation which means that you still have the chance to lose if you are too careless in making a decision.

What is in your mind is full of negativity and it was hard to get out of that condition. You can only see the positive view of Bitcoin once you empty your mind and stop listening to hearsay and FUDs as it won't boost your courage and trust.

Volatility in Bitcoin is actually normal and will not make you scared if you are able to manage your investment. If you are new and still worried of the volatility, I thin that it is probably much better for long term investment, not for short term. Once investing in Bitcoin, take it and save it, then, see it when several years later on the bullish era. You will see something very good. Because we know that Bitcoin volatility cannot be avoided, it must be faced and passed, so better to use other ways to cover it.

What kind of transparency in the market do you prefer? SO far, the market is what you can see.
Btw, Bitcoin wallet is user-friendly, you may need to learn more about it so that you don't think that it is not user-friendly.

Bitcoin is decentralized. That's what makes it so special to some and so frightening to others.

I think the best advice for those who are afraid to invest their money in Bitcoin is simply not to invest. Our world is full of other investment options.

Many are afraid, but that's part of investing.
Either you will take the risk or not take the risk at all. Those who are taking the risk are the ones who are coming out successful and those who aren't will regret it. Just look at those successful businessmen right now. Do you think they didn't took the risk when they're starting to build their own business? With investment, volatility is a double-edged sword, and it will depend on you on how you will handle it. Volatility can give you profits, but at the same time, give you losses as well.

Nope it will not happen.
This is the reason why many wants to buy Bitcoin. It's decentralization feature is the reason why they like it. Many wants a regulatory body to it, but it isn't necessary, it isn't helpful at all.

No it will not.

Look at Stock Market, Bonds, and even Fiat currencies are volatile. Bitcoin's volatility will remain and will stay like that. After all, may consider Bitcoin as an asset, and one nature of an asset is volatile.

While the people from where you come from are scared, people elsewhere are busy taking the risk and investing in bitcoins, that is what differentiates the successful from the unsuccessful. Successful people are not afraid to take risks, but people who never become successful in most cases never even bother trying because of fear. You owe it to yourself to conquer fear, nobody is coming to do it for you, and the sooner you grow some balls and start investing in bitcoins, the sooner you realize that you have been your own problem all along.

Bitcoin does not need a regulatory body because a person's decision to invest in bitcoin is based on what he finds in his research. If he finds that bitcoin can help him make money and accept the risk, he can invest in bitcoin. But if not, he doesn't need to invest in bitcoin. For this reason, it is necessary to find more information about how to invest in bitcoin so that he knows the risks and how to handle them.

What should be watched out for are irresponsible platforms that claim that they can make huge profits in a short time. This gets people interested and joins the platform even though the platform uses a Ponzi scheme which we know will end up as a scam. In this case, bitcoin has nothing to do with that platform because it is that platform that uses the name bitcoin to attract people. And when the platform turns fraudulent, people will say bitcoin is the newest form of fraud.

Bitcoin will continue to face volatility in the future because that is what makes the price of bitcoin go up and down and it is also an opportunity for us to profit from trading bitcoin.

Volatility is the main reason people invest in bitcoin, if bitcoin ceases to be volatile, a lot of people will leave bitcoin. If you cannot bear the risk and volatility of bitcoin, you should not invest in bitcoin. No one is forcing you to invest in it, you need bticoin, but bitcoin doesn't need you, so it won't need to change just for you.

If that happens then what will be the fun in investing in Bitcoin? In the future the market will be less volatile but it won't be completely immune to price volatility because it's a currency that's been traded. A seller will always has his intended price of selling and so will a buying so at no point will the price remain constant.
Also we have different platform offering trading service for Bitcoin so they price will always be different in those platforms due to the reason explained above. Do not be bother much about the volatility of the market and just invest knowing that in the future your investment will be profitable.
Even though the price of Bitcoin dumps, don't get scared just keep holding and in future the price will be favorable for you to take profits, just as it has been for years before now. Bitcoin always recover and that's the way the market is.

To invest is a choice, just as being rich is a choice that is achieved through hard work. 
If you are scared of investing in Bitcoin because of the lack of regulation on it, then you might forever remain scared and not invest at all in Bitcoin. Their is no much good that will come out of Bitcoin being regulated by any government body. The regulation the government is fighting for is for them to have control over the currency and tax all its citizens trading it, and at the same time be able to sanction it when ever they feel like it's a trait to their global stock market, which they have always been worried about. If you are willing to invest in Bitcoin, you will not allow yourself to be convinced or deceived by people around you who are all afraid of Bitcoin investment. 

If you scared with volatility, it's better for you to invest in stock or gold because they're more regulated and less volatile. If you still scared, investing isn't for you and you can stick with fiat where the value always decrease for every year

Bitcoin is 100% transparent, any address, transaction, balance, etc are recorded on public blockchain where anyone can check it through Bitcoin explorer. It's better for you to understand about Bitcoin rather than having a wrong mindset to Bitcoin. Don't quickly jump to invest in Bitcoin, when the price is decrease you will say Bitcoin is scam.

OP you need to look at the advantages of Bitcoin, not just the disadvantage side, do you know that because of volatility that's why many more people are able to adopt Bitcoin? Many people believe that the volatility of Bitcoin is what makes it worse, but actually, it's what makes Bitcoin an acquirable asset, the sense of someone buying 0.5BTC for 30,000$ and me buying my 0.5BTC for 10,000$ makes a lot of sense to me.

Advice: if you feel scared and can't trust bitcoin, don't invest in bitcoin, no one is forcing you to do it, you can consider alternative investment options like stocks or gold. Personally, I really like the volatility of bitcoin and what is happening in the market, even I would like bitcoin to be more volatile, the more volatile the better the chances of making a profit.
Please learn more about bitcoin before deciding to invest in bitcoin, you should not invest with fear, it will not be good for your investment.

That's why we should only invest with money that we are prepared to lose. because we all know that Bitcoin and all crypto coins do have a high risk. However, it also offers high potential.

It's natural to be afraid to invest in something new to us. so try to learn more before deciding to invest. But for me, investing in bitcoin is not too scary because I only use money that is prepared for high-risk investments (cold money).

and I think the volatility of the bitcoin price will continue because bitcoin trading will also continue and even continue for 24 hours every day. which means it will never stop for no volatility or high fluctuations.

An increased regulatory body would not stop scammers from doing what they can to steal your BTC, neither would it stop a centralized exchange from collapsing and you losing your money if you have it there, nor would it save you from losing your BTC if you post your private keys or seed phrase to the public, etc, all of these desire for more regulations would not help people if they don't have the basic and important knowledge to use and store BTC. If you feel scared to use BTC, what you need is to read more about BTC and not regulation.
Use electrum
I don't feel it is possible, volatility would drop, but it may never be completely immune to it.

Regulatory body as how? If they should be a regulatory body then that's going to defeat the whole idea behind Bitcoin, Bitcoin was created to be decentralized and not to be under the control of any agency ( both government and private body).
And for the volatility part, the answer is no. And if you still continue to wait you'll only end up not doing anything at all. The volatility of Bitcoin is what makes it more interesting. If you're truly scared then why not try to be a long term HODLer? If you have some spare cash you can just purchase some coin and keep till the price becomes good enough for you.

A warning about the risk of volatility will always be on the first page of the site if an investment service is under regulation.

The supply of bitcoins is limited, so it's impossible to make them immune from volatility. Or for some big reason, everyone stops trading bitcoins with any fiat. For example, because of global adoption, people can directly exchange bitcoins for goods or services without worrying about legal issues.

When Bitcoin is completely immune to volatility, then there will be less of a point in using it for investment purposes rather than for its designed purpose, peer to peer electronic cash. You should embrace the volatility and beat it with strong will-power to hold your coins through it. Time has proven that this strategy rewards those who successfully undertake it.

Put your coins in a cold wallet, forget about them, check in 4 years or more. This unbeaten strategy might not be as effective in the near future, so enjoy it while it lasts.

yes new asics come out.. but not every week.
the average lifetime of asics is ~2 years
and also it takes time for the big efficient industrial grade mining farms to upgrade all of their asics
EG a farm of 100,000 asics buys them in batches over multiple months once the lifecycles are up (its a slow transitionary period from advertised price on asic sales page. to actually being the most efficient asic operating/actively running in majority on the network), which means the cost-base is a slow adjustment

also they dont buy electric by the day either they buy electric contracts of MW/GW yields on contracts that last 6 months-2 years
and so the progressions of change of the metrics move at a slower pace than the market price that moves within the metrics

EG the top metric moved from 75k in 2021 90k in 2022 and is settling in to be $110k for q1 of 2023 and by more by year end

in short in 2021 there was literally no chance of a $100k bitcoin no matter how much people dreamed it
however a $100k bitcoin is POSSIBLE but we cannot guarantee it. but we know it is a possibility for 2023.. but dont expect a (random number)$300k btc this year(sorry)

anyway back to your question
the movements of electric, asic price variety, hashrate of said asic and mining rate of entire network. is not something that is calculated as a daily number. its a spread of 6month-2 years average which progressively scales
because the extremes are locked into upto 2 year electric contracts and lifecycles of hardware
thus they do accounting at that stretch based on total coins earned in that period