Topic: Why Not Just Buy BTC? - page 4. (Read 713 times)

Everyone has been talking about Bitcoin since a long time ago, there is a possibility that the price of Bitcoin will increase a lot between mid-2023 and early 2024. Now I have a real match with their ideas. For quite some time now, I have seen the price of Bitcoin only increase. At the moment, the price of Bitcoin exceeds 31 thousand dollars. If the price of Bitcoin continues to increase like this then the price of Bitcoin will be close to $50K very soon. Now it remains to be seen how long the market will continue in this upward trend. If the market can create a good support at $31K, there is a good chance of the market going higher.  Looking at the market movements, it looks like Bitcoin will move to a better position later this year.

The answer is simple as this, BTC is not as profitable the way altcoins are, when you invest in BTC, the highest profit you can get that will no exceed 1x, but altcoins that have low market cap can do 10x, 20x, 30x and this is why you see lot of people still buy altcoin and when it comes to trading too, altcoins-USD is more profitable than BTC-USD but altcoins have high risk, if anything goes wrong with altcoins, you will regret buying them. My little advice for you is that if you buy BTC on coinbase, withdraw it to an external wallet, don't leave your coin in coinbase exchange because if anything goes wrong, you will lose acess to your BTC.

It's a good that you accumulate as possible, but did you use a safe wallet? Coinbase is an exchange only and a platform for exchanging your coins to the crypto do you want but at the end, even if you have your own bitcoin (that you think) at the end its, not yours. It will only become yours once you transfer into a wallet that has a keys that the owner is only you.


Currently we are waiting for the next halving which is the 2024 people accumulate as possible as they can and this is the ride that you will never need to skip this could be a life changer in profit or not, no one knows but the bitcoin already doing its history already.

You are right to buy Bitcoins over Altcoins but the next step you should take when you want to hold them for the long term is to save them in a non custodial wallet, a wallet that you have access to the Private Key because it is an important key in holding Bitcoins, put them in Coinbase as well as let them have control over your Bitcoin so it's really risky for you to lose those assets it's very possible either because Coinbase is hacked or your account is also hacked.
Another thing that you should also pay attention to is that news about Bitcoin not only says about prices that will go up high but also vice versa if you start investing in Bitcoin because you believe in news that the price of BTC will continue to rise, it is very possible for you to lose confidence when there is bad news circulating, so it's better to learn about the fundamentals of Bitcoin so that the decision you make is not based on the news but the results of your own research.

Theres nothing wrong with that but i would really be liking to make some add up if you are really that going for long term, you should consider this out.

Coinbase (Buy BTC)
Transfer in Electrum( be sure on saving your private keys)
HODLLLLLL!!!

Always be considerate about the risks factor on making CEX to be your long term wallet. We know that primary rule here on this space in regarding wallets
that non-custodial ones would really be the best choice. You wouldn't really be losing your assets if you do just know on how to keep those PK away on
others awareness or attention. Buy BTC and accumulate as much as you could before bull run happens and there's still some time for us to do
so.

is it really that easy? for those who panic too much and can't hold on long term it will be difficult to do so when the price of Bitcoin continues to fall. quite simple, buy and hold until you get a lot of profit in the end. It looks simple but in practice it is very difficult. Not everyone can do that. The capital used also needs to be considered whether the capital is used for other things or is it really not needed for anything. Getting rich by holding Bitcoin long term looks very easy and simple, but the implementation is quite difficult due to many factors.

Those dozen of websites are saying the truth as we all expect and know that Bitcoin will skyrocket in coming years, and anyone who has been into Bitcoin and crypto-market believes in that theory. The Bitcoin has the potential and regular userbase to grow very high in value, and many of the current investors believe that Bitcoin will have a huge spike after the coming halving event.

Although, I haven't personally used Coinbase for purchasing of Bitcoin, but I can still say that the platform is legit and you can trust the platform for purchasing of Bitcoin. However, I must warn you that it wont be a good thing to let your Bitcoin stay in their wallet which isn't a safe option. If you purchase Bitcoin from them, then you should also learn that how to create your own personal cold Bitcoin wallet, and you should also learn quite enough details about personal wallets, and once you have enough knowledge, then you should withdraw your Bitcoin in your own personal wallet.

I would never recommend you to hold your Bitcoin in an exchange if you're not basically a day trader or scalper, because if you leave your investment on a platform even if your main purpose is holding then you should most probably create your own wallet instead of that. There isn't any single strategy, and you should built up your own strategy to buy and hold the Bitcoin.

Being a bitcoin maximalist is such an easy thing to do. You literally do nothing, you buy bitcoin when you have the money for it, and you do absolutely nothing else at all. I love that about it and I can't wait to keep using it for as long as possible. I know that it is not going to be an easy task but as long as it stays like that we should be feeling alright about it.

People will end up being a bit sad to see how simple it was to get rich and they missed their chances in the future, but I personally believe that I will be glad to follow this pat. I love it and I will continue to love it and I do not have anything remotely close to anything this simple to be rich in the future, this is by far the simplest one for sure.

It's not really about the number of websites selling this message!
It's the mathematics behind this that will make the skyrocketing possible! Think about it, we have limited number of coins going against  8 billion people around the world and from this population less than 5% are invested or know of them...now imagine how this will be like after 5 to 10 years from now..You know what ,let's just buy and see btc work it's magic

With SEC now having an interest in cryptocurrencies like never before,  I hope your coins are safe with coinbase...
Or maybe this is the platform you use for buying of your coins  

From how you buying your btc...are you actually buying it as in Trading it on the chart such that you can be liquidated should price go against you ?! If this is the strategy,  I don't like it!!!

Definitely you will have every opportunity to maximixation of your investment potentials for possible profitability if you can maintain your investment to hodl, for sure there might be times of having loss encounter but they don't last especially when the results you have were attributed to your own personal errors, which will still present one with diverse opportunities for recovery if one is really good at trading bitcoin, this kind of experience is what others cannot get rid of with other cryptocurrencies if invested.

We all believe about Bitcoin is that the price of Bitcoin can be very high in the coming years. There is no doubt that Bitcoin is the crypto currency with the most potential among all crypto currencies. Crypto currency markets are very risky markets but Bitcoin is the single crypto currency that can be trusted the most. That is why most people prefer to invest in Bitcoin. Your strategy is best if you can buy and hold Bitcoin it can give you a good profit in future. If you had made the investment a few months ago, then the price of Bitcoin was even lower, but still investment in Bitcoin is a great opportunity. Try to buy some Bitcoin now and buy more if the price of Bitcoin goes down.

It is dream of true Bitcoiner who wants to just hold their bitcoin see them grow eventually into thousands to millions of USD depending on how much they holding.

Well it is a great start if you are already having those thoughts. Coinbase is favourite for many people but it’s not the safe place to keep your bitcoin mate. If you are truly going to be holder then just buy hardware wallet which is not waste of money in the long run.

It’s an added bonus when it comes to security of your funds. You can always keep putting bitcoins on it as and when a purchase is made. Start doing DCA investment this way you don’t burden yourself investing all at once. Good luck mate.

I never compromise increasing my capacity to accumulate more bitcoin to the utmost extent possible. I've gained an abundance from the project and I'm not going back. I don't follow market trends; rather, price movements do the analysis for me. Buy and hold bitcoin throughout the bear season and patiently wait for the bull to arrive, at which point you will have triggered the sell option, resulting in significant profits. When it comes to cryptocurrency, Bitcoin is ranked #1; it is the most promising initiative in the industry, with a large number of investors willing to participate and make both losses and gains.

many people have idle money and end up saving it in bitcoin, until it is left for years, it has benefits later we will feel the impact, because many believe that bitcoin is the future, so keeping it in the long term is the right choice, even though there are fluctuations which is high, as the adoption gets bigger then it will also fly again later. but if we keep it in our personal wallet, try to keep the key well, and if you want it for the long term, don't forget to tell our close relatives to know the key too, because no one knows how old he will live

Many investors especially the newbie ones, or the ones who don't want to stress themselves that much when it comes to investing are the ones who are doing this.

Buy and hold. Simple strategy. A long term strategy, and it requires lots of patience in order for the investor to get it's profits. I don't see any problem that you are using Coinbase, but if you will just let your Bitcoin stay there for a long time, that's the problem. You might bought Bitcoin in Coinbase, but you don't have the full control over it because you bought it on a Centralized Exchange.

As for your strategy, it has been proven that the strategy that you shared is working. The problem is it requires lots of time, and patience in order for that to be a successful one. Most of the investors unfortunately don't have the patience to hold Bitcoin for a long time.

Perhaps, you are right. If you are here just to hold long-term, choosing Bitcoin is really the best option to take. But if you are here for trading, it was preferred to use altcoins than Bitcoin because of the behavior of these coins. But have to remind you not to use the exchange (Coinbase) as your storage wallet. You can use this platform of course but must have to transfer your Bitcoin to your controlled wallet especially if you are aiming of holding them for many years.

Since I became involved in the cryptocurrency industry, I can say that this is the widest window of buying I have witnessed.  This window has been open since 2021 and it is still open.
30k is still a good price to buy having in mind the bitcoin ATH @69k.
What I do not actually understand is your buying strategy, but I will advice you go with DCA method incase the market will see 20k region again before bull run.

The price of a bitcoin can be up to 3x its past ATH in the future, and anyone who invests any amount of bitcoins will get the same multiplier. The profit distribution depends on how much they invest, and each of them will get it. The formula is the same, but the amount of profit varies because it depends on the initial investment budget and when they made their entry.

So far only early investors have actually made big returns, while others may never be the same. But what needs to be stressed is, bitcoin is not going to make them rich overnight, this investment is not a form of gambling.

We have different understandings and ways of trading or investing for Bitcoin, indeed from year to year Bitcoin is a type of crypto that is being chased by many groups, investors, entrepreneurs and to lower level positions. the goal is the same, the pinnacle of success.

However, what you are doing and want to do now, that is the best step for you in the future in terms of trading and investment, we often hear the saying "little by little - over time it becomes a hill" instilled by most people Chinese.

Of course the strategy you are implementing is a kindness for you in buying Bitcoin, we know that being involved in the crypto world is risky, of course the knowledge you have is the best for you, don't force something you don't know, do something based on the knowledge you have, especially in the field of crypto trading.

If you have the opportunity, buy bitcoin and don't hesitate to hodl because we are still in the bear market period for now which seems more better opportunity to get started, bitcoin is the best you could decided to invest with in cryptocurrency that won't give you any fear of missing out over time, but before you take any necessary steps or decision, you have to understand how it works with the digital currency first.