Why speculate when you can be at peace with Bitcoin

Raflesia

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Quote from: sulendra12 on December 09, 2022, 05:07:22 PM

Quote from: Odusko on October 10, 2022, 09:50:35 AM

Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

But still, if you read the news sometimes on the internet and encounters the bad news of Bitcoin. You might speculate about the price is about to going down or not, that also does apply to other people like whales or billionaires out there where they can control the market really easy.

Stuff like that does happens sometimes.

This cannot be avoided, especially with the condition where everyone always tries to become a speculator to see whether the research he is doing is right or wrong.
On the other hand, our curiosity cannot be denied in any way, so when we try to research, of course we want a temporary answer, whether this will actually go well or not, especially with the current conditions, where it seems that curiosity is always high for bitcoin.

sulendra12

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

But still, if you read the news sometimes on the internet and encounters the bad news of Bitcoin. You might speculate about the price is about to going down or not, that also does apply to other people like whales or billionaires out there where they can control the market really easy.

Stuff like that does happens sometimes.

Piesel

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Quote from: OgNasty on December 09, 2022, 02:34:42 PM

Quote from: Ani1985 on December 09, 2022, 08:58:45 AM

Many encourage the long -term hold, but in my opinion as long as we have time and can be daily or weekly profit, of course this is a good thing, every morning I check the price of bitcoin then I will immediately take action to sell or buy, after buying then I immediately installed at the selling price by adding profit margin of at least 5%.

Well, my advice to you would be this. Find the wealthiest people in crypto you know, and ask them how they did it. Then find the person who bankrupted themselves with crypto and ask them how they did it. I think we all know how those two conversations would go. The wealthy person would say they believed in the idea of Bitcoin and purchased to hold while ignoring the daily movements. The bankrupted person will tell you the story of how they traded altcoins and got their portfolio up to millions of dollars before losing it all when the shitstorm swept away all the shitcoins. You probably know this already deep inside, but you think you'd the exception to the rule and will beat the 95% of traders who lose all their money. My advice, listen to the folks who have made it in this industry, and I'm fairly sure none of them will tell you trading is the way.

Trading can be risky sometimes and can't make wealthy cryptocurrency investors since whatever profits are made from trading can still be lost to trading and that is the gambling life of a trader.

The best way to go is to buy Bitcoin and lock it away for the long term, this way one is sure of one thing, which is not losing the Bitcoin value, and if the DCA of Bitcoin sees an uptrend development then the holder will make good amount if he decides to get the Bitcoin converted.

OgNasty

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Quote from: Ani1985 on December 09, 2022, 08:58:45 AM

Many encourage the long -term hold, but in my opinion as long as we have time and can be daily or weekly profit, of course this is a good thing, every morning I check the price of bitcoin then I will immediately take action to sell or buy, after buying then I immediately installed at the selling price by adding profit margin of at least 5%.

Well, my advice to you would be this. Find the wealthiest people in crypto you know, and ask them how they did it. Then find the person who bankrupted themselves with crypto and ask them how they did it. I think we all know how those two conversations would go. The wealthy person would say they believed in the idea of Bitcoin and purchased to hold while ignoring the daily movements. The bankrupted person will tell you the story of how they traded altcoins and got their portfolio up to millions of dollars before losing it all when the shitstorm swept away all the shitcoins. You probably know this already deep inside, but you think you'd the exception to the rule and will beat the 95% of traders who lose all their money. My advice, listen to the folks who have made it in this industry, and I'm fairly sure none of them will tell you trading is the way.

Piesel

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Quote from: Lubang Bawah on December 09, 2022, 05:59:55 AM

Quote from: Piesel on December 02, 2022, 03:39:06 PM

The thing is even Bitcoin need to be properly speculated to make the maximum use of the speculative features of Bitcoin. But again must long-term Bitcoin holders may want to stay off speculation because if speculation gets into your ear you can make any trading decision and before your know it you are already losing heavily.

Bitcoin is not an all-good-time asset and the risk should be properly in analyzing before venturing in.

After the FTX case we hear that many people are stressed and depressed, this is used by haters to continue to spread FUDS to make the price of bitcoin difficult rising, especially haters supported by strong sponsors so that their targets can be achieved, as investors we must be wise and always think that the risk For loss can occur at any time.

Yeah I had some wired story from the result of the FTX crash and so many conspiracy theories around the scam exit from the CEO, a lot have been unraveling but the ultimate question is will the investor get their money back?

Alot has happened and some have even committed suicide due to the FTX scam result because some people had their entire life saved and wiped off by the scam exchange.

Ani1985

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Many encourage the long -term hold, but in my opinion as long as we have time and can be daily or weekly profit, of course this is a good thing, every morning I check the price of bitcoin then I will immediately take action to sell or buy, after buying then I immediately installed at the selling price by adding profit margin of at least 5%.

CageMabok

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Quote from: Lubang Bawah on December 09, 2022, 05:59:55 AM

After the FTX case we hear that many people are stressed and depressed, this is used by haters to continue to spread FUDS so as to make the price of bitcoin difficult rising, especially haters supported by strong sponsors so that their targets can be achieved, as investors we must be wise and always think that the risk For loss can occur at any time.

Do you know these haters or those who like to spread FUDS? Because I don't think that they are supported by any sponsors in this case except they just want to buy Bitcoin at a very cheap price and get a win when Bitcoin starts to increase again. You also have to think wisely in this regard because whoever is spreading FUDS at this point, it is for the sake of carrying out their own strategy to make everyone afraid to buy anything at this time.

Lubang Bawah

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Quote from: Piesel on December 02, 2022, 03:39:06 PM

The thing is even Bitcoin need to be properly speculated to make the maximum use of the speculative features of Bitcoin. But again must long-term Bitcoin holders may want to stay off speculation because if speculation gets into your ear you can make any trading decision and before your know it you are already losing heavily.

Bitcoin is not an all-good-time asset and the risk should be properly in analyzing before venturing in.

After the FTX case we hear that many people are stressed and depressed, this is used by haters to continue to spread FUDS so as to make the price of bitcoin difficult rising, especially haters supported by strong sponsors so that their targets can be achieved, as investors we must be wise and always think that the risk For loss can occur at any time.

Jody.Drummer

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Quote from: Quidat on December 08, 2022, 04:12:56 PM

Quote from: Jody.Drummer on December 08, 2022, 03:10:28 PM

Buy and stay away from the market, or in other words we don't look at the market situation every time, because it will also affect our minds. -I agree we have to do other activities that we will forget that our money is here. I think people who have jobs other than trading and being investors are the ones who have the greatest advantage doing this. Because they have other activities that allow them to be busier than a trader. How could they not, because they have the income they receive every month to meet their daily needs.
So as said before, if we don't want to continue to be in conditions that will affect our mentality. So make a purchase and let it go, we can see market conditions by making a schedule.

Really easy to say that you should really stay away from the market and wont tend to check out every now and then which it is something opposite on what most people do.
I could attest it out because i have been trying to make out some long term investment but its not really something that easy you could really stop yourself on not to peak with the current
market condition which it is really something that you cant avoid not to check.Thing here is that you should really know on how to have that control into your emotion
and really that wise on taking up good decisions which you do seem that it would be beneficial.

Actually this is quite reasonable too and I understand this because it is certain that most of us, especially those who feel obsessed with crypto, will obviously always do that.
But on the other hand I think this can be changed with self-control. I don't deny that some time ago I also did the same thing because it seemed like something was missing when I didn't open the market for a day. But on the other hand, by continuing to open up the feeling of worry, in my opinion, it will get bigger and this is what actually makes us frustrated and more panic-stricken.
When we say we want to invest in Crypto, we know that it will take time, so why keep looking at the market if we don't add to our portfolio.

Quidat

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Quote from: Jody.Drummer on December 08, 2022, 03:10:28 PM

Quote from: Questat on December 06, 2022, 06:18:35 AM

Quote from: cryptomaniac_xxx on December 04, 2022, 03:56:20 PM

There could also be investors who may have bought it at the top, then continue to hold. Or probably sold it later, and then buy when the price goes down like when it reaches $15,500. So there are a lot of strategies that we might have to test out ourselves not just simply buying and holding. And this could also be true for those who want to take risk to speculate about the price even if it is very volatile. Maybe they have the a previous background already.

But for those who doesn't want that risk, so yeah, probably just continue to accumulate overtime, specially if they have investment what they can afford to lose.

Buy the dip and sell at high - that is the strategy that mostly had followed. Unfortunately, they got to struggle in holding which makes them fail to sell high and just sell low. I can see that living here and investing in crypto is hard to make peace of our mind especially if we keep looking and checking the market chart. Because the more we are updated to everyday changes, the more it affects our mindset and emotions. That is why we should not just focus on here but also to have other stuff to enjoy in order to divert our minds.

Buy and stay away from the market, or in other words we don't look at the market situation every time, because it will also affect our minds. -I agree we have to do other activities that we will forget that our money is here. I think people who have jobs other than trading and being investors are the ones who have the greatest advantage doing this. Because they have other activities that allow them to be busier than a trader. How could they not, because they have the income they receive every month to meet their daily needs.
So as said before, if we don't want to continue to be in conditions that will affect our mentality. So make a purchase and let it go, we can see market conditions by making a schedule.

Really easy to say that you should really stay away from the market and wont tend to check out every now and then which it is something opposite on what most people do.
I could attest it out because i have been trying to make out some long term investment but its not really something that easy you could really stop yourself on not to peak with the current
market condition which it is really something that you cant avoid not to check.Thing here is that you should really know on how to have that control into your emotion
and really that wise on taking up good decisions which you do seem that it would be beneficial.

Jody.Drummer

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Quote from: Questat on December 06, 2022, 06:18:35 AM

Quote from: cryptomaniac_xxx on December 04, 2022, 03:56:20 PM

There could also be investors who may have bought it at the top, then continue to hold. Or probably sold it later, and then buy when the price goes down like when it reaches $15,500. So there are a lot of strategies that we might have to test out ourselves not just simply buying and holding. And this could also be true for those who want to take risk to speculate about the price even if it is very volatile. Maybe they have the a previous background already.

But for those who doesn't want that risk, so yeah, probably just continue to accumulate overtime, specially if they have investment what they can afford to lose.

Buy the dip and sell at high - that is the strategy that mostly had followed. Unfortunately, they got to struggle in holding which makes them fail to sell high and just sell low. I can see that living here and investing in crypto is hard to make peace of our mind especially if we keep looking and checking the market chart. Because the more we are updated to everyday changes, the more it affects our mindset and emotions. That is why we should not just focus on here but also to have other stuff to enjoy in order to divert our minds.

Buy and stay away from the market, or in other words we don't look at the market situation every time, because it will also affect our minds. -I agree we have to do other activities that we will forget that our money is here. I think people who have jobs other than trading and being investors are the ones who have the greatest advantage doing this. Because they have other activities that allow them to be busier than a trader. How could they not, because they have the income they receive every month to meet their daily needs.
So as said before, if we don't want to continue to be in conditions that will affect our mentality. So make a purchase and let it go, we can see market conditions by making a schedule.

Oasisman

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Quote from: mich on November 26, 2022, 11:13:24 PM

Personally, I think It’s rare that any investment will continue to produce significant gains year over year indefinitely without any corrections. On a long enough timeline, your bound to see some fluctuations in the price and right now we’re in a dip.

However, if you look at BTC historic chart you can easily spot that proceeding every dip was healthy gains and eventually a new all time high. My strategy is to be patient, hold long and I’m fairly confident we will see BTC hit 100k by late 2023.

Bitcoin is rare then? Coz it produces gains almost every year passed. Though we've always seen corrections along the way each and every year passed as well.
It is Bitcoin's high volatility that makes the crypto market healthy, and speculations made it.
So, regardless if you're holding long term or short term, it is inevitable not to speculate with the price as you set your own target when to sell and when to buy.
Also, $100k seems very unlikely in the whole year of 2023. I might say late in 2024, there's a good chance.

lizarder

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Quote from: tygeade on December 07, 2022, 03:12:32 PM

Unfortunately there are some newbies who do not understand what speculation is, and take it as a fact and that creates the biggest trouble. As we all know we should not listen to anyone who says it "will" be 15k or it "will" be 25k, we can even say it ourselves and they should still not listen to us.

Because, nobody knows what it "will" do, we know what it may do, or should do, or could do but not know what it will do. That is only up to time and time will tell us what bitcoin price will become. Do not make any type of investment just because you heard people are doing something and you want to join them and invest just like they did, they could be wrong as well.

Maybe not because they don't know what speculation is, but because beginners don't understand the concept of investing in bitcoin, so they are stuck with some of the speculators that continue to grow in the media. That is why following something without knowledge will not have a positive impact on them, especially if it is directly related to the investment they are making.
Speculation about prices also appears more and more with various uncertain compositions, thus making beginners even more confused to understand the concept of bitcoin investment.

Therefore, there is no need to speculate about bitcoin, because the long process that Bitcoin has gone through has shown how strong Bitcoin is in the investment system now, it is better to focus on the goals we want to achieve, buy bitcoin gradually, because when bitcoin finds recovery, then we will get big profits in the investment process that we do.

Mahanton

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Quote from: ?? on ??

Bitcoin is always interesting for us to follow, speculation has often happened, many panic when the price of dropping so that it immediately sells, but I'm sure that Bitcoin immediately skyrocketed, as investors should be patient and not easily panic so that we can get big profits.

Bitcoin is the main trend setter on which whenever it does have some bearish movement then expect that everything in the market would turn out to be bearish.When its bullish then expect that majority of coins would
would really be doing the same.In speaking about getting that in peace with Bitcoin then of course this is what we are trying out to accumulate as much as we can.
People cant really avoid not to touch up with altcoins considering that it does also give out that chance for us to make profits too.
Honestly it is really that right or good thing to have that diversification kind of mindset.

tygeade

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Quote from: lizarder on December 07, 2022, 07:31:12 AM

Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.

Speculation is indeed quite troubling at the moment, many speculators continue to tell stories based on conditions that are not like facts, so these conditions affect some beginners who do not understand the concept of investment. Bitcoin has experienced two decades since its launch, we have seen Bullish and Bearish market conditions on its way, so knowing when is the right time to start entering the market, although Bitcoin can be purchased under any circumstances, according to the timeframe specified in the investment scheme.

Unfortunately there are some newbies who do not understand what speculation is, and take it as a fact and that creates the biggest trouble. As we all know we should not listen to anyone who says it "will" be 15k or it "will" be 25k, we can even say it ourselves and they should still not listen to us.

Because, nobody knows what it "will" do, we know what it may do, or should do, or could do but not know what it will do. That is only up to time and time will tell us what bitcoin price will become. Do not make any type of investment just because you heard people are doing something and you want to join them and invest just like they did, they could be wrong as well.

beerlover

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Quote from: Questat on December 06, 2022, 06:18:35 AM

Buy the dip and sell at high - that is the strategy that mostly had followed. Unfortunately, they got to struggle in holding which makes them fail to sell high and just sell low. I can see that living here and investing in crypto is hard to make peace of our mind especially if we keep looking and checking the market chart. Because the more we are updated to everyday changes, the more it affects our mindset and emotions. That is why we should not just focus on here but also to have other stuff to enjoy in order to divert our minds.

People who do not realize that they should be buying it is this low, and instead sell because it is dropping is the reason why we make profits, so do not worry about them. I am happy with the situation, let them struggle with holding, let the weak hands go, people who buy at these prices and have diamond hands will end up with a lot more profit in the long run and it should be fine.

I know it is not going to be easy to handle, and I know that it is going to take a while to get used to, but people who lose money during this period loses to us, and that is what I aim at becoming, the person who makes profit thanks to these markets, the bear period is the biggest way to make money.

lizarder

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.

Speculation is indeed quite troubling at the moment, many speculators continue to tell stories based on conditions that are not like facts, so these conditions affect some beginners who do not understand the concept of investment. Bitcoin has experienced two decades since its launch, we have seen Bullish and Bearish market conditions on its way, so knowing when is the right time to start entering the market, although Bitcoin can be purchased under any circumstances, according to the timeframe specified in the investment scheme.

Quote

Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank

The uniqueness of bitcoin lies in many aspects that fiat currency does not have, there is no physical form because there are only balances recorded in ledgers that are transparently accessed and there is no centralized control by any securities. Currently bitcoin has also experienced a considerable increase, not only used in the form of investment, but can also be used to make other transactions related to the purchase of goods or services.

Questat

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Quote from: cryptomaniac_xxx on December 04, 2022, 03:56:20 PM

There could also be investors who may have bought it at the top, then continue to hold. Or probably sold it later, and then buy when the price goes down like when it reaches $15,500. So there are a lot of strategies that we might have to test out ourselves not just simply buying and holding. And this could also be true for those who want to take risk to speculate about the price even if it is very volatile. Maybe they have the a previous background already.

But for those who doesn't want that risk, so yeah, probably just continue to accumulate overtime, specially if they have investment what they can afford to lose.

Buy the dip and sell at high - that is the strategy that mostly had followed. Unfortunately, they got to struggle in holding which makes them fail to sell high and just sell low. I can see that living here and investing in crypto is hard to make peace of our mind especially if we keep looking and checking the market chart. Because the more we are updated to everyday changes, the more it affects our mindset and emotions. That is why we should not just focus on here but also to have other stuff to enjoy in order to divert our minds.

Reatim

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Quote from: Piesel on December 02, 2022, 03:39:06 PM

The thing is even Bitcoin need to be properly speculated to make the maximum use of the speculative features of Bitcoin. But again must long-term Bitcoin holders may want to stay off speculation because if speculation gets into your ear you can make any trading decision and before your know it you are already losing heavily.

there is no such word "Properly speculated" mate because that is why it was called speculation meaning there is no assurance of this or that.

Quote

Bitcoin is not an all-good-time asset and the risk should be properly in analyzing before venturing in.

not all Good but this is the best mate, for 13 years I guess? bitcoin proven how much this could bring us , this can even make many people richer over time.

cryptomaniac_xxx

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Quote from: Minecache on December 04, 2022, 04:07:16 AM

Quote from: Piesel on December 02, 2022, 03:39:06 PM

The thing is even Bitcoin need to be properly speculated to make the maximum use of the speculative features of Bitcoin. But again must long-term Bitcoin holders may want to stay off speculation because if speculation gets into your ear you can make any trading decision and before your know it you are already losing heavily.

Bitcoin is not an all-good-time asset and the risk should be properly in analyzing before venturing in.

Speculation is an integral part of trading as well as investing, although bitcoin is a good investment that always grows over time. If we want big profits, we need to buy it at a reasonable price. Assuming we don't follow the market, don't analyze the market, and just buy and buy, then if we bought at ATH $69k last year, we wouldn't be able to make a significant profit when bitcoin hits $100 k, but if we buy at 17k, the profit is very different.

There could also be investors who may have bought it at the top, then continue to hold. Or probably sold it later, and then buy when the price goes down like when it reaches $15,500. So there are a lot of strategies that we might have to test out ourselves not just simply buying and holding. And this could also be true for those who want to take risk to speculate about the price even if it is very volatile. Maybe they have the a previous background already.

But for those who doesn't want that risk, so yeah, probably just continue to accumulate overtime, specially if they have investment what they can afford to lose.

Topic: Why speculate when you can be at peace with Bitcoin (Read 1149 times)