Why Not Just Buy BTC? | Bitcointalksearch.org

JeffBrad12

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Quote from: Nazmul012 on July 15, 2023, 07:31:08 PM

Many people doing this for safe and secure investment. But if you want to multiple your capital then you must investment in altcoins. Cause bitcoin always has large marketcap and it need a huge investor to skyrocket from this current price, when altcoins can easily skyrocket within night. So you can't force anyone to buy bitcoin only, its personal choice. Well i suggest you to keep your bitcoin in your wallet cause if anyhow exchange get scam or problem happened with your account (kyc, violence issue) then It'll be difficult to safe your investment.

at the end of the day it comes down with the fact that some might take risk for the sake of increasing profit they wanna generate off their investment its just as simple as that.
though honestly, such thing could be simply prevented by diversification, but then again some people are more eager in multiplying their money instantly to go such lengths of investing their whole investment to the
altcoins which sometimes is gonna be turning out to be really wrong considering the fact that altcoin is just not as safe as bitcoin in general.
but then again, some people might be limited in terms of capital so it only make sense that some people would prefer to invest in altcoin than bitcoin, as far as I know bitcoin only good for people with at least more than $10k investment and even that is already considered small and insignificant enough with bitcoin investments.

retreat

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Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

That's great if you have any thoughts of investing in Bitcoin. But if I were you, I would probably prefer to buy Bitcoin directly from DEX and keep it in my wallet rather than open a position in BTC pairs on Coinbase. You know that when you store Bitcoin directly in your wallet, you have full control over it and you can trade it any time you need. But it's up to you, I'm just giving advice.

franzjose

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because if you buy before a dip its game over.

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Quote from: Nazmul012 on July 15, 2023, 07:31:08 PM

Many people doing this for safe and secure investment. But if you want to multiple your capital then you must investment in altcoins. Cause bitcoin always has large marketcap and it need a huge investor to skyrocket from this current price, when altcoins can easily skyrocket within night. So you can't force anyone to buy bitcoin only, its personal choice. Well i suggest you to keep your bitcoin in your wallet cause if anyhow exchange get scam or problem happened with your account (kyc, violence issue) then It'll be difficult to safe your investment.

You are absolutely right that Bitcoin is a great option for investment but here your capital is definitely safe but the rate of return is also very low. First of all, you will need a good amount of capital to invest in Bitcoin. On the other hand, there are good and strong projects in the market where you can invest with less capital, and from there you can get a chance to earn a good profit. Which can be many times higher than Bitcoin. So I think one should definitely invest in Bitcoin but never ignore the altcoins in the market, because there are coins in altcoin that have the potential to give you a huge profit. Therefore, one should invest in altcoin along with investment in Bitcoin, but always choose the top and good coins of the market.

stomachgrowls

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Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

You can buy and accumulate if you do like but if we are already talking about storing or buying huge sums of amount then it wouldn't be wise on storing
those coins on those custodial things and exchangers and platforms like Coinbase isnt a wallet but an exchange which its centralized and you dont possess the keys which
its still not our coins and once problems do exist then there's no way that we could be able to get those coins back. Therefore, you should consider the list;

1. Electrum
2. Hardware wallet like Ledger or Trezor
3. Some wallets that are non-custodial, cant point out which one but there are existing currently.

If you do tend to go for long term then this would really be the best thing to be done. Always secure those coins on wallet that you do possess those private keys.

Nazmul012

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Many people doing this for safe and secure investment. But if you want to multiple your capital then you must investment in altcoins. Cause bitcoin always has large marketcap and it need a huge investor to skyrocket from this current price, when altcoins can easily skyrocket within night. So you can't force anyone to buy bitcoin only, its personal choice. Well i suggest you to keep your bitcoin in your wallet cause if anyhow exchange get scam or problem happened with your account (kyc, violence issue) then It'll be difficult to safe your investment.

ItsCrafty

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Quote from: Inspiron14 on July 11, 2023, 12:00:28 PM

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.

I agree with your option. In my personal opinion, It depends upon the ease with which an individual uses it frequently. You can use hard or soft wallets according to your use and how much you invested. Possibly you can use the hard wallet because it is more secure than others. Moreover, the thing that matters here is If you have a lot of capital, you should be concerned about its safety and should buy BTC to gain your earnings.

Inspiron14

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Quote from: GeorgeJohn on July 11, 2023, 08:57:05 AM

Quote from: Jocuserious on July 10, 2023, 01:33:36 PM

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.

Your suggestion is really nice to my understanding, but I suggest that if you want to purchase bitcoin and store your bitcoin wallet that will be protected i will advice you to use electrum wallet in which everyone is aware that it have a privacy and whenever you want to sell your bitcoin during the time of bullish market it will be very simple and easier to transfer the specific amount of coin needed directly to any exchange wallet, while it's recommendable to use Electrum wallet is as result of security of your bitcoin in the wallet

Or at least use a personal wallet because you have to think about security,
using the Electrum wallet is also a good suggestion and it can be considered,
obviously it all depends on the decision of each.

GeorgeJohn

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Quote from: Jocuserious on July 10, 2023, 01:33:36 PM

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.

Your suggestion is really nice to my understanding, but I suggest that if you want to purchase bitcoin and store your bitcoin wallet that will be protected i will advice you to use electrum wallet in which everyone is aware that it have a privacy and whenever you want to sell your bitcoin during the time of bullish market it will be very simple and easier to transfer the specific amount of coin needed directly to any exchange wallet, while it's recommendable to use Electrum wallet is as result of security of your bitcoin in the wallet

SaveOurSea

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Quote from: Kasabus on July 10, 2023, 04:59:26 PM

Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move. You will never have the assurance if you will still benefit or profit from it in the end as you might wake up one day losing all your bitcoin because the exchange you trusted suddenly become insolvent and was forced to close their operation. Do not wait for the reality to hit you. Just keep your bitcoin safe by storing it in your personal and non-custodial wallet. That way, you will gain the full control of the security of your coins.

With a good start it must be accompanied by a good decision, namely storing Bitcoin in a personal wallet,
Losing due to careless decisions is sometimes harder to accept,
before in the end regret immediately secure the Bitcoin.

Smartvirus

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Quote from: Kasabus on July 10, 2023, 04:59:26 PM

Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move.

It’s a typical case of having to do the right thing in a way that puts you at risk and can easily result in the waste of your efforts. Bitcoin is decentralized and though there exist centralized systems within its space, there are rules to its usage and one of those is never to store or save your coins on an exchange.
The few exchanges that happens to have gone out of business or liquidated customers asset should be a reminder but, sadly no one takes these seriously.

Exchanges serve you more in trading but afterwards, saving your coins in a noncustodial wallet should be your best move to ensure proper security of your asset.

rby

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Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

Why Not Just Buy BTC?

Some think BTC is too expensive, it is better to buy coins in ICO stage to make massive profits. This was the mistake I made. I had two set of friends, the bitcoin believers and the shitcoins believers. My shitcoin friends were more tech sevy and I followed them. In the end the bitcoin believers were right and they have peace of mind and in possession of cool BTC. My altcoin friends made it in a more difficult way. But then, I am happy for peace of mind.

Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.

This should not be the reason you buy Bitcoin. Their predictions may fail. Buy bitcoin out of your own conviction.

Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Buy and move it to your personal waller.

Kasabus

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Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move. You will never have the assurance if you will still benefit or profit from it in the end as you might wake up one day losing all your bitcoin because the exchange you trusted suddenly become insolvent and was forced to close their operation. Do not wait for the reality to hit you. Just keep your bitcoin safe by storing it in your personal and non-custodial wallet. That way, you will gain the full control of the security of your coins.

Vaculin

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Quote from: CarnagexD on July 02, 2023, 12:46:32 PM

Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Yes, it is true. It is very easy to buy. But holding it until you get to the desired price to take profit is what makes it difficult. Not all people have the mental capacity to handle drawdowns and see their funds melt down to negative. They become afraid and instead of holding or buying more, they sell it. Because when you are euphoric it is very easy to buy, when you are fearful, it is very easy to sell your position. They don't have realistic timelines and expectations. They don't have a plan for when to average down on their position.

Just buying btc and holding it is not a strategy. A strategy consists of managing risk, psychology, and your position. Getting in the move is the easiest.

I have to agree with you mate. Buying btc is so easy that it can be done with anyone who’s willing to spend for it, but battling its price volatility that will cause its price to drop to its lowest and preventing yourself not to panic is the most difficult thing. It takes a more disciplined and determined mind to process that. However, if you are investing with adequate knowledge and experience, that won’t be a problem. Just never trust an exchange for long term hodling. Know where to store your coins so you can assure its safety and security from scammers and hackers around.

Questat

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Quote from: CupCakeHugs007 on July 02, 2023, 12:11:20 PM

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

You can buy more Bitcoin if you want as long as you can manage to keep and hold them for awhile while waiting for the bull season to earn a profit but I don't suggest storing it on Coinbase or any exchanges. It was a big mistake of using an exchange wallet as a storage wallet as you are making your investment close to losing as whatever will happen to the said exchanges like hacking, your funds will also lose. Just think about the security and it was best to have it in your control rather than relying on the security of the exchanger.

Jocuserious

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This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.

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Quote from: Awaklara on July 10, 2023, 08:19:18 AM

Quote from: Ziskinberg on July 10, 2023, 08:03:39 AM

Quote from: Patrol69 on July 09, 2023, 10:37:54 AM

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.

It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.

yes potential altcoin, you can buy it but for a short term investment planning. whereas Bitcoin, those who hold Bitcoin for a long time are already seeing results. Bitcoin does not disappoint as an investment, or those who use Bitcoin as a transaction tool. some people cannot use Bitcoin as a means of payment for goods and services because of regulations in their government. so more are currently holding Bitcoin for long term investment.

yeah that's true, it's all depends startegy trading that you used between short term or long term, the best option for BTC is DCA bought this coin every dumpt but for Altcoin bought for only swing trading and never forget for out of market If you've reached your desired profit target that's was really simple but take time for read carefully situation of market

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Quote from: Games.Bitcoin on July 10, 2023, 06:48:59 AM

Bitcoin (BTC) is an investor choice because of Bitcoin position as a pioneered currency and its potential for long term appreciation. BTC has established itself as a store of value through Bitcoin limited supply and growing mainstream adoption. Investors can participate in the potential upswing of the cryptocurrency market as a whole by buying Bitcoin. The decision to buy Bitcoin or explore other investment opportunities depends on personal risk, investment goals, tolerance and market dynamics.

What has happened to the price of Bitcoin from the past to the present, in my opinion, there is nothing to doubt about buying Bitcoin, if there is someone who has known bitcoin for a long time, the reason they don't buy Bitcoin is not about trust, but about capital that cannot be invested. for the long term.
I myself think so, if spending money that will be used for monthly needs to buy Bitcoin is very risky because Bitcoin moves very quickly, but for the long term, I have never doubted it.

Awaklara

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Quote from: Ziskinberg on July 10, 2023, 08:03:39 AM

Quote from: Patrol69 on July 09, 2023, 10:37:54 AM

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.

It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.

yes potential altcoin, you can buy it but for a short term investment planning. whereas Bitcoin, those who hold Bitcoin for a long time are already seeing results. Bitcoin does not disappoint as an investment, or those who use Bitcoin as a transaction tool. some people cannot use Bitcoin as a means of payment for goods and services because of regulations in their government. so more are currently holding Bitcoin for long term investment.

Ziskinberg

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Quote from: Patrol69 on July 09, 2023, 10:37:54 AM

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.

It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.

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