Why Not Just Buy BTC? - page 2. | Bitcointalksearch.org

Inwestour

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Quote from: lixer on July 09, 2023, 11:19:08 PM

Not usually but altcoins go up every time when Bitcoin's price goes up, it has always been that way and I don't think that will change even in the future, so when trading altcoins, one should keep in mind that they are not independent and they will only grow if Bitcoin grows, or they will drop if Bitcoin drops. And it is obviously the very first thing to do proper research and analysis before choosing to invest in any altcoin out there because not all of them are worth it.

A good trader will never get greedy and invest in coins or tokens that go up and down wildly only to get more profits because with more rewards comes greater risks, so when you are investing in an altcoin only for the quick profits, you might end up losing your capital in that investment.

Altcoins globally repeat the movements of bitcoin, but locally there are times when altcoins show significantly greater growth than bitcoin.

A big partnership, or positive news about the project, can trigger a very good pump, so it is said that altcoins for trading can be more profitable than bitcoin. But firstly, such moments are not always easy to predict, and secondly, the altcoin price does not always react to the news with such a large increase as expected. Sometimes a pump can happen without a news background, and it seems to me very difficult to determine it initially.

Games.Bitcoin

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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.

blockman

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What? Do you want to leave your BTC on an exchange like Coinbase? No Dude.

Quote from: Dr.Osh on July 09, 2023, 11:37:19 PM

the strategy is like that, buying bitcoin, then keeping it quiet until the price rises high.

That's always the plan. Those that have got enough experience in this market, know how to do it. There's no need to complicate things, perhaps if you've got a better strategy that works for you while others are suggesting some other strategies they think are working for them.
Stick to your plan and what you've learned and been applying all of this time.

Dr.Osh

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the strategy is like that, buying bitcoin, then keeping it quiet until the price rises high. After that, it's up to you whether you want to sell it, or wait for a higher price. However, this is quite risky because we don't know when the bitcoin price will drop again.
Besides, why don't people buy bitcoin when they believe that the price of bitcoin will increase in the future, it's because of limited costs. because of this, many people are enthusiastic about trading, investing in altcoins, and others so that they can have extra money to invest in bitcoins.

lixer

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Quote from: nur rochid on July 07, 2023, 09:06:31 PM

Quote from: Gallar on July 07, 2023, 07:18:54 AM

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.

but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk

Not usually but altcoins go up every time when Bitcoin's price goes up, it has always been that way and I don't think that will change even in the future, so when trading altcoins, one should keep in mind that they are not independent and they will only grow if Bitcoin grows, or they will drop if Bitcoin drops. And it is obviously the very first thing to do proper research and analysis before choosing to invest in any altcoin out there because not all of them are worth it.

A good trader will never get greedy and invest in coins or tokens that go up and down wildly only to get more profits because with more rewards comes greater risks, so when you are investing in an altcoin only for the quick profits, you might end up losing your capital in that investment.

Patrol69

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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.

Oneandpure

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Quote from: Dr.Bitcoin_Strange on July 08, 2023, 12:43:31 PM

Future trading is not even bad, though for those who really know how to trade very well, there are people who make profit from future trading. The truth is that they encounter losses sometimes, while those who only buy low and sell high during a bull market have nothing to lose because they did not sell when the price was low. I know a trader who has been trading for a year and is not giving up; he's living large and still has some Bitcoin in his hold, which he doesn't use for his future trades. I like the idea that I can still hold some Bitcoin and still do future trading with some fraction, although it depends on how good I am with trading.

Not bad if you manage well research and actually have much funding fund when near close with liquidation has chance to make it far, but difference with trader have small fund and future trading can make them loss their capital after liquidation. Bad have good side from future trading without waiting with coins up to higher price because has short position, for spot trading actually we are waiting price up for taking profit but future trading has two chance earn profit trough bitcoin or altcoin going up and down. First time I tried with future trading looks promising and earn much profit, but greedy and too loyal waiting for longer time after earn above 30% profit make me loss much in future trading until quit right now and focus with spot trading only.

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Quote from: Unbunplease on July 08, 2023, 04:40:28 PM

Yes, you can just buy bitcoin and wait, but right now bitcoin is still more of a universal trading instrument. If you know how to trade, you can make money on every rise and fall. Hold is more applicable to other cryptocurrencies. Bitcoin hold yields are pretty low right now (not like in the beginning).

Trading is risky and I can lose my capital with trading. You say Bitcoin hold yields are now low than in the past years but I will hold my bitcoin. Because it is safer for my capital and I will more probably get profit with holding.

With trading, I might not get profit and my capital can be eaten too. I will have to spend more time if I trade my bitcoin but with holding, it will not consume too much time.

ROI chart.
https://casebitcoin.com/charts#roi_chart

Unbunplease

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Yes, you can just buy bitcoin and wait, but right now bitcoin is still more of a universal trading instrument. If you know how to trade, you can make money on every rise and fall. Hold is more applicable to other cryptocurrencies. Bitcoin hold yields are pretty low right now (not like in the beginning).

beerlover

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Quote from: yudi09 on July 03, 2023, 05:38:59 AM

Quote from: CupCakeHugs007 on July 02, 2023, 11:11:20 AM

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 BTC-USD using the dollar cost averaging method is still very relevant to do, but don't let BTC be stored on the buying and selling platform.
Whatever platform you are going to use to buy Bitcoins and choose to just leave it on the buying and selling platform without moving it to a trusted wallet, then that is not a positive strategy but a strategy of handing over the safe keys to robbers to take your money.

BTC USD? Is this some kind of a peg in order to prevent the value of BTC to fluctuate? But I thought OP only wants BTC alone and not other variations with it. That will still work and it was in fact better because there is no risk on it, I mean the coin is originally developed by Satoshi and we are sure that he won't do some manipulations or sabotage it like any other coins out there.

Coinbase is a registered company. It's not new anymore so I don't wonder on why the OP and others are confident on leaving their funds on them for a long time but as you said, it is still better to transfer the coin to the wallet which lets us own our keys because we still don't know what can happen to them later on. It's better to be safe than sorry.

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Quote from: zahed on July 08, 2023, 05:28:53 AM

Such predictions can give anyone but it is not like that those website will give 100% guarantee but Bitcoin is top cryptocurrency and it's have many history to price goes skyrocket. Before holding in a centralize exchange you should buy a hardware wallet because Coinbase is a custodial wallet.

Totally agree with you that predictions are made by many people and experts but there is no guarantee, because cryptocurrency market is a volatile market, prices can go up and down here.Here any good news can take the market very high and any bad news can crash the market badly.However, in the cryptocurrency market, Bitcoin is the most trusted cryptocurrency.. it is fair to say that the price of Bitcoin in the cryptocurrency market may go up in the near future.Your suggestion is also correct to always keep your assets in your personal wallet.Well, there are many wallets to keep your assets but hard wallet is considered the best and safest.

Dr.Bitcoin_Strange

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Quote from: AicecreaME on July 07, 2023, 07:15:30 AM

It's gonna skyrocket for sure but not always.

Buying Bitcoin and hodl it for long term is not bad after all, rather than pushing yourself to do futures trading even though you know you're bad at it. Just make sure to still monitor your Bitcoin from time to time because it might hit a price where you wanted to sell a certain amount or to make sure all of your Bitcoin is still there in your wallet.

Also, secure your private key, don't leave it unattended.

Future trading is not even bad, though for those who really know how to trade very well, there are people who make profit from future trading. The truth is that they encounter losses sometimes, while those who only buy low and sell high during a bull market have nothing to lose because they did not sell when the price was low. I know a trader who has been trading for a year and is not giving up; he's living large and still has some Bitcoin in his hold, which he doesn't use for his future trades. I like the idea that I can still hold some Bitcoin and still do future trading with some fraction, although it depends on how good I am with trading.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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Quote from: CupCakeHugs007 on July 02, 2023, 11:11:20 AM

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 i think your information will be correct. I also think in future Bitcoin will fly and It's price will increase unbelievable way. Because Bitcoin is very popular now for investment. And you choose coinbase for hold your Bitcoin it is also good i think. Also BTC-USD is good pare. If you hold Bitcoin now i think in future it will give you big profit there has no doubt. But my advice you can do DCA it is best way for cryptocurrency investment. When price will down then you can buy Bitcoin. I think DCA will help you to reduce loss and within short time it made profit.

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Quote from: Yamifoud on July 08, 2023, 07:23:53 AM

Influencers will say everything good in order to convince people to use their platform. Now, if you keep following these people and continue reading what they wrote, it certainly puts into your mind that they are right. Well, of course, Bitcoin is going to believe that will rise and be bullish again in the next few years but something we need to be careful and also analyze what they have said because it can be possibly a trick.

Yes, I agree with your opinion. It is true that many influencers provide strategies for investing in bitcoin, but all of them are right and some are not right for us to implement. The wisest thing in determining an investment strategy is to have both. Listen to a lot of Influencers but we also have to do independent research, because this is necessary for consideration when making the right decision.

Quote

You can buy Bitcoin and hold them but must be sure also that you are using the right wallet where to store your Bitcoin. You can't find safety using an exchange wallet, it would be better to have your keys and password.

Again I agree. If buying bitcoin for the long term, try not to store assets on the exchange. Because this is very vulnerable especially when we store large amounts. Bitcoin is an asset that has the definite nature of growing significantly, you don't need to think anymore about going up or down now, just buy bitcoin by DCA because the halvings are all multiplied.

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Quote from: nur rochid on July 07, 2023, 09:06:31 PM

Quote from: Gallar on July 07, 2023, 07:18:54 AM

Quote from: CupCakeHugs007 on July 02, 2023, 11:11:20 AM

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?

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.

but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk

I agree, even though bitcoin is a good investment in the crypto market, and investing in bitcoin seems safe to us, but that doesn't mean we should miss out on bigger opportunities with altcoins. We should not deny that once the bull season arrives, many altcoins will have impressive growth and better returns than bitcoin. I don't recommend anyone invest in altcoins, but if someone is confident in themselves, they should try their luck with them. Don't be stubborn and deceive yourself that bitcoin is the best and should stay away from altcoin while all want bigger profits.

cryptodude

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From the history of Bitcoin's birth until now, those who know about Bitcoin know very well that one day the value of Bitcoin will skyrocket. Since after a while no more bitcoins can be created then the price of bitcoins will definitely skyrocket as bitcoins spread to more and more people day by day. When the number of investors is more than Bitcoin then surely the value of Bitcoin will increase. maybe it's good time to invest bitcoin.

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Influencers will say everything good in order to convince people to use their platform. Now, if you keep following these people and continue reading what they wrote, it certainly puts into your mind that they are right. Well, of course, Bitcoin is going to believe that will rise and be bullish again in the next few years but something we need to be careful and also analyze what they have said because it can be possibly a trick.

You can buy Bitcoin and hold them but must be sure also that you are using the right wallet where to store your Bitcoin. You can't find safety using an exchange wallet, it would be better to have your keys and password.

zahed

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Such predictions can give anyone but it is not like that those website will give 100% guarantee but Bitcoin is top cryptocurrency and it's have many history to price goes skyrocket. Before holding in a centralize exchange you should buy a hardware wallet because Coinbase is a custodial wallet.

Mr. Magkaisa

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Quote from: CupCakeHugs007 on July 02, 2023, 11:11:20 AM

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, there are many people who really believe in what you are saying and there are also many people who believe in other top altcoins that the market price will also kick up a lot when the bull run comes. And that depends on the belief of each individual crypto fanatic.

I also believe in Bitcoin, my other btc is in Binance, and the rest is in Electrum, that's all I do but I don't hold a large amount, but I don't deny that I also hold other altcoins and Memecoins which I think will also give me a boost come bull season.

Mauser

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Quote from: CupCakeHugs007 on July 02, 2023, 11:11:20 AM

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 is a very good strategy and if you don't have so much free time to trade actively it's the best approach for you. The so called HODL strategy has been one of the most profitable strategies since the launch of Bitcoin. The long term trend of Bitcoins is still upwards and any holder is going to profit from it. Without the need to constantly buy and sell our positions we also save on transaction fees. If you don't hold any Bitcoin yet I would definitely recommend you buy some coins today and just leave them for now. In case you are looking for more active trading opportunities I would recommend you look at the alt coin market and pick a few less popular coins to trade on the side. Then you can use any future profits to buy more bitcoins and grow you crypto portfolio. Or if you only want to focus on Bitcoins, then split your coins into two wallets. Make one longterm storage wallet where you keep 80% of your coins, and use another wallet for active trading with the remaining 20%. Here again you can active trades depending on the time you have and any profits you should keep adding to your HODL wallet.

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