Why speculate when you can be at peace with Bitcoin - page 5.

ethereumhunter

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Quote from: peter0425 on October 13, 2022, 11:55:48 PM

if it is about bitcoin then i think those people that has this mindset are those people that does not totally understand Bitcoin because realizing that fact is indeed can be found in historical movement of this coin.

Well, maybe they need to learn and understand bitcoin which can give them that opportunity. If they still don't understand it, we just let them be and hope they can one day change and realize it.

Quote from: peter0425 on October 13, 2022, 11:55:48 PM

extra money is what need to be invested specially if we are a small investors that only seeking for betterment of our money.

I think we just need to reset the expenses that we have per month and from there, we can see how much money we still have and we can start investing in bitcoin. Besides, I think it's okay if we start investing using small money because we are ordinary people with no money. What is important here is the attitude that we have who want to have a bitcoin investment.

Baofeng

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Quote from: Viscore on October 14, 2022, 04:19:32 PM

Quote from: TravelMug on October 11, 2022, 04:16:49 PM

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.
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.

Yes, we don't want to complicate things isn't it? But there are traders or speculators who want's to play in this game though, because for them this is like a game and if you are very competitive you are going to be up to the challenge study the volatility as per TA and then make your own speculations as to where the price will move, anticipate and then make money. And so that is the most important for them, the end result, profits.

Speculations bring not only a challenge for us but also a good motivation for us to hope and expect more especially if we are having positive speculations in the market. However, this is not also advisable all the time as you may not sustain your crypto earnings if you just rely on speculations, yes it’s a game that others would love to be involved but it’s way more safer if you stick to what is reality and not just simply speculations.

Yes, that is the keyword, challenge, so for us, to be challenge and willing to accept it? that is already a motivation for some. And for the sustainability, well, let's get back to 2017's bull run wherein I saw a lot of members turning into full 100% trader left their job. Unfortunately bear market happens, and not it is just repeating itself. What we need to be is just be smart and intelligent, nothing is sustainable to say that least in this market. It's either to make a lot of money in the bull run, but for majority if might not be enough, so we will have to grind hard again from one cycle to another.

Viscore

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Quote from: TravelMug on October 11, 2022, 04:16:49 PM

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.
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.

Yes, we don't want to complicate things isn't it? But there are traders or speculators who want's to play in this game though, because for them this is like a game and if you are very competitive you are going to be up to the challenge study the volatility as per TA and then make your own speculations as to where the price will move, anticipate and then make money. And so that is the most important for them, the end result, profits.

Speculations bring not only a challenge for us but also a good motivation for us to hope and expect more especially if we are having positive speculations in the market. However, this is not also advisable all the time as you may not sustain your crypto earnings if you just rely on speculations, yes it’s a game that others would love to be involved but it’s way more safer if you stick to what is reality and not just simply speculations.

KingsDen

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Quote from: South Park on October 13, 2022, 04:50:16 PM

Quote from: KingsDen on October 13, 2022, 01:47:20 PM

Quote from: ethereumhunter on October 12, 2022, 11:31:47 PM

Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

That is purely the problem. Many people wish they can buy the bottom and not bother about the price anymore but the irony of the matter is that no one knows the bottom, it could be that we are right in the bottom at 18000 to 19000 dollars. Considering the all-time high of Bitcoin, it is right to say that we are at the bottom region and anyone who is serious to purchase bitcoin should at this time do it . Imagine that in few years coming bitcoin can make another all-time high to surpass $70,000. That will be massive profit for anyone that buys now.

I take it that anyone speculating further to buy at any other bottom is not serious to get bitcoin, either you by now at once or you by using dollar cost averaging at intervals.

The people that want to buy at the very bottom care way more about being right than the possible profits they can get, anyone buying right now is getting bitcoin for a 70% discount, what else can they ask for? If you were given the chance to buy a product you have wanted for a long time for such a huge discount will you keep waiting for the price to go down or will you buy it immediately? And we know the right answer is to take the opportunity right in front of you and to never look back.

Cool dude, you got a very nice analogy here. I'm very pleased to understand this, it is correct that anyone buying bitcoin now it's getting it at 70% discount. This is a huge discount and anyone planning buying any goods would not wait for more discount to get the goods. Funny enough what happens with bitcoin when we relate it to be a goods is that people will stop buying the goods when they think that it is no longer fashionable or in high demand (during bear). They will overlook the discount and not buy but whenever the bull market starts, and the goods is again trending you will see them jump in to get some goods even when there is no longer discount on the goods.

The major problem is that majority of us are not financially educated,we don't have patterns we follow,we just follow the trend and wish magic should happen in our financial lives.

peter0425

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Quote from: ethereumhunter on October 13, 2022, 08:43:36 PM

Quote from: KingsDen on October 13, 2022, 01:47:20 PM

Quote from: ethereumhunter on October 12, 2022, 11:31:47 PM

Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

That is purely the problem. Many people wish they can buy the bottom and not bother about the price anymore but the irony of the matter is that no one knows the bottom, it could be that we are right in the bottom at 18000 to 19000 dollars. Considering the all-time high of Bitcoin, it is right to say that we are at the bottom region and anyone who is serious to purchase bitcoin should at this time do it . Imagine that in few years coming bitcoin can make another all-time high to surpass $70,000. That will be massive profit for anyone that buys now.

I take it that anyone speculating further to buy at any other bottom is not serious to get bitcoin, either you by now at once or you by using dollar cost averaging at intervals.

So buying at the current price and keeping it for a long time can give us big profits in the future. Unfortunately, people don't realize this and keep hoping to buy at the lowest price and keep waiting. We can only give them suggestions that might be useful but the rest is up to them.

if it is about bitcoin then i think those people that has this mindset are those people that does not totally understand Bitcoin because realizing that fact is indeed can be found in historical movement of this coin.

Quote

But if they can patiently buy at every price bottom with the amount of money they can afford, they will surely smile happily when they see bitcoin prices recover and could even make the next ATH.

extra money is what need to be invested specially if we are a small investors that only seeking for betterment of our money.

ethereumhunter

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Quote from: KingsDen on October 13, 2022, 01:47:20 PM

Quote from: ethereumhunter on October 12, 2022, 11:31:47 PM

Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

That is purely the problem. Many people wish they can buy the bottom and not bother about the price anymore but the irony of the matter is that no one knows the bottom, it could be that we are right in the bottom at 18000 to 19000 dollars. Considering the all-time high of Bitcoin, it is right to say that we are at the bottom region and anyone who is serious to purchase bitcoin should at this time do it . Imagine that in few years coming bitcoin can make another all-time high to surpass $70,000. That will be massive profit for anyone that buys now.

I take it that anyone speculating further to buy at any other bottom is not serious to get bitcoin, either you by now at once or you by using dollar cost averaging at intervals.

So buying at the current price and keeping it for a long time can give us big profits in the future. Unfortunately, people don't realize this and keep hoping to buy at the lowest price and keep waiting. We can only give them suggestions that might be useful but the rest is up to them.

But if they can patiently buy at every price bottom with the amount of money they can afford, they will surely smile happily when they see bitcoin prices recover and could even make the next ATH.

Chato1977

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Quote from: dezoel on October 13, 2022, 03:06:06 PM

You hate speculation and yet you are here on the speculations board.

Lol that's rude but true Grin

Quote

The reason is simple. People make speculations because btc price is not stable and there is no way to know if when it will head. There is no limit on how high or how low it can achieve but speculations are only optional and you don't need to follow what others are doing.

actually it is all coins that is not stable (aside from of course stable coins) so in crypto investments it is part of the process to speculate because we even ourself speculate in how much Bitcoin will reach before we sell them so it is already given.

Quote

If you believe that btc is a safe investment. It won't drop to zero but its value can only improve over time then feel free to stay at peace while for us we will keep on doing it (speculating) because this makes us feel more alive as a human. It keeps our blood pumping every time we saw that the price is close to what we speculate.

but His intention is to solely provide better choices and that is Bitcoin as is, though we already learn from long time that still diversification is the best in our time now.

Kelvinid

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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.
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.

We do hate it but that is how crypto works. We speculate always because that is the only thing we can do knowing that we never know exactly what will happen in the future. But if you are very confident that holding them let's say 5 years, then there is no need for you to speculate and check the market but rather wait for that time to come and do whatever you want with your Bitcoin. That is the only way to live in peace in crypto otherwise, this will give you stress.

Wawa2013

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Quote from: South Park on October 13, 2022, 04:50:16 PM

Quote from: KingsDen on October 13, 2022, 01:47:20 PM

Quote from: ethereumhunter on October 12, 2022, 11:31:47 PM

Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

That is purely the problem. Many people wish they can buy the bottom and not bother about the price anymore but the irony of the matter is that no one knows the bottom, it could be that we are right in the bottom at 18000 to 19000 dollars. Considering the all-time high of Bitcoin, it is right to say that we are at the bottom region and anyone who is serious to purchase bitcoin should at this time do it . Imagine that in few years coming bitcoin can make another all-time high to surpass $70,000. That will be massive profit for anyone that buys now.

I take it that anyone speculating further to buy at any other bottom is not serious to get bitcoin, either you by now at once or you by using dollar cost averaging at intervals.

The people that want to buy at the very bottom care way more about being right than the possible profits they can get, anyone buying right now is getting bitcoin for a 70% discount, what else can they ask for? If you were given the chance to buy a product you have wanted for a long time for such a huge discount will you keep waiting for the price to go down or will you buy it immediately? And we know the right answer is to take the opportunity right in front of you and to never look back.

Indeed now is a good opportunity to buy Bitcoin, especially as you said it is impossible for people who understand Bitcoin to skip buying Bitcoin,
if we see the price of Bitcoin has fallen deep enough. Although there is a possibility that the price of Bitcoin will fall even further, but we can buy it
again if it is true that the price of Bitcoin drops lower. But the fear is that when this is really the lowest price of Bitcoin, we will regret it if we don't
buy Bitcoin right now. So our decision is in our own hands, my advice is never to delay buying Bitcoin, it will likely only make us regret later on.
Because Bitcoin always proves to be able to provide large profits if we hold it long term, so indeed we should not miss buying Bitcoin when
the price is already low as it is today.

Lanatsa

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Quote from: Zilon on October 13, 2022, 03:53:40 PM

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

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.

Even the entry price is not enough to guarantee peace. Except as you said buy hodl then keep your private key and seed phrase far from where you will always visit your wallets regularly. Bitcoin always has its own heart break and it comes mostly with short term investment. The peace that comes with bitcoin is permanent on long term investment and temporal on short term investment.

And i tell you one truth no matter how you try to avoid your wallet, avoiding your balance will never be possible and also you will always see Bitcoin current price flying in through different newsletters, email and documentation. All pointing the fact that no matter how much you shy away from speculation you will still speculate ignorantly

Not a guaranteed peace indeed because you would definitely mind off if the price you had get in was really just right or you had just get inside or bought on a bit earlier? These questions would be commonly

be raising up on someones mind whenever you had done some decision on buying.You cant really be just that too confident on what price level you had purchased on.You can never be at peace everytime

you would be making up a decision.Not all would really be that confident on going for long term and some do really mind off everytime they do make out some action.
You cant really say simple things on that regard.People would be always mindful since we are risking our money on here.

South Park

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Quote from: KingsDen on October 13, 2022, 01:47:20 PM

Quote from: ethereumhunter on October 12, 2022, 11:31:47 PM

Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

That is purely the problem. Many people wish they can buy the bottom and not bother about the price anymore but the irony of the matter is that no one knows the bottom, it could be that we are right in the bottom at 18000 to 19000 dollars. Considering the all-time high of Bitcoin, it is right to say that we are at the bottom region and anyone who is serious to purchase bitcoin should at this time do it . Imagine that in few years coming bitcoin can make another all-time high to surpass $70,000. That will be massive profit for anyone that buys now.

I take it that anyone speculating further to buy at any other bottom is not serious to get bitcoin, either you by now at once or you by using dollar cost averaging at intervals.

The people that want to buy at the very bottom care way more about being right than the possible profits they can get, anyone buying right now is getting bitcoin for a 70% discount, what else can they ask for? If you were given the chance to buy a product you have wanted for a long time for such a huge discount will you keep waiting for the price to go down or will you buy it immediately? And we know the right answer is to take the opportunity right in front of you and to never look back.

Zilon

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

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.

Even the entry price is not enough to guarantee peace. Except as you said buy hodl then keep your private key and seed phrase far from where you will always visit your wallets regularly. Bitcoin always has its own heart break and it comes mostly with short term investment. The peace that comes with bitcoin is permanent on long term investment and temporal on short term investment.

And i tell you one truth no matter how you try to avoid your wallet, avoiding your balance will never be possible and also you will always see Bitcoin current price flying in through different newsletters, email and documentation. All pointing the fact that no matter how much you shy away from speculation you will still speculate ignorantly

dezoel

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You hate speculation and yet you are here on the speculations board. The reason is simple. People make speculations because btc price is not stable and there is no way to know if when it will head. There is no limit on how high or how low it can achieve but speculations are only optional and you don't need to follow what others are doing.

If you believe that btc is a safe investment. It won't drop to zero but its value can only improve over time then feel free to stay at peace while for us we will keep on doing it (speculating) because this makes us feel more alive as a human. It keeps our blood pumping every time we saw that the price is close to what we speculate.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: ethereumhunter on October 12, 2022, 11:31:47 PM

Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

That is purely the problem. Many people wish they can buy the bottom and not bother about the price anymore but the irony of the matter is that no one knows the bottom, it could be that we are right in the bottom at 18000 to 19000 dollars. Considering the all-time high of Bitcoin, it is right to say that we are at the bottom region and anyone who is serious to purchase bitcoin should at this time do it . Imagine that in few years coming bitcoin can make another all-time high to surpass $70,000. That will be massive profit for anyone that buys now.

I take it that anyone speculating further to buy at any other bottom is not serious to get bitcoin, either you by now at once or you by using dollar cost averaging at intervals.

Dave1

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Quote from: tabas on October 13, 2022, 03:29:54 AM

Quote from: Hamphser on October 12, 2022, 05:28:55 PM

Quote from: tabas on October 12, 2022, 05:22:02 PM

We all have that price target until when we're going to sell. That's how we're going to proceed in the future and in the hopes of holding it until that day comes.
Holding is a patience game and those that can't take it anymore will have to sell at losses if they have to or if they're at profit, they will never know if they've maxed it out.

We've seen the condition into those people who had hold for a very long time specially into those early adopters which they had been rewarded that much considering that the value had risen up that high.

When you are just going for long term with Bitcoin then its true that you should really be at peace on whatever price you might able to buy in but just like on what others been saying that you would really be longing

for the cheapest price for you to utilize the profits you would make but those are just for short term span of time but if you are really that holding for decades
then you wont really be stressing yourself out.

It is a decision that the early holders will never regret because it's been rewarding for them. And on the other hand, those that have bought at the top and held, are only hoping to recover because they're down at these times.
But as they hold on, they should look at the other opportunities that are in front of them instead of thinking to recover. Because no matter what they do, recovery time will come and it's going to be shown if they're patient enough to see it.

Yeah and that is the beauty of crypto though, because there is a good chance that you can recover from the 'paper loses' you suffer. You can also lose if you don't sell at a lost, almost remember that. So even if you see your wallet value going down, it's doesn't mean you really lost that money. But if you continue to just hold and take every opportunity to accumulate then at certain point you will make profits guaranteed.

tabas

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Quote from: Hamphser on October 12, 2022, 05:28:55 PM

Quote from: tabas on October 12, 2022, 05:22:02 PM

We all have that price target until when we're going to sell. That's how we're going to proceed in the future and in the hopes of holding it until that day comes.
Holding is a patience game and those that can't take it anymore will have to sell at losses if they have to or if they're at profit, they will never know if they've maxed it out.

We've seen the condition into those people who had hold for a very long time specially into those early adopters which they had been rewarded that much considering that the value had risen up that high.

When you are just going for long term with Bitcoin then its true that you should really be at peace on whatever price you might able to buy in but just like on what others been saying that you would really be longing

for the cheapest price for you to utilize the profits you would make but those are just for short term span of time but if you are really that holding for decades
then you wont really be stressing yourself out.

It is a decision that the early holders will never regret because it's been rewarding for them. And on the other hand, those that have bought at the top and held, are only hoping to recover because they're down at these times.
But as they hold on, they should look at the other opportunities that are in front of them instead of thinking to recover. Because no matter what they do, recovery time will come and it's going to be shown if they're patient enough to see it.

Ararbermas

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Well not all the time you will be in a safe place even you rely only in bitcoin, because market is not stable and so volatile sometimes . So if you just buy bitcoin in any price without any speculation for sure it's the same story and at the end you will experience losses as well. We need to be smart enough! If you don't apply such way to determine the real price to buy then i suggest better to stop to prevent risky situation.

ethereumhunter

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Everyone hopes to get the lowest price to buy bitcoins and not to worry about the decline anymore. But the problem is if they keep waiting until the price hits bottom, they can miss buying it because we don't know when bitcoin will hit bottom. We can only keep trying to buy while hoping it is the lowest price.

Sometimes, if the market trend is down, I try to put in a price that may have a difference of up to $1k. For example, the price is now at $19k. Maybe I can place a buy order at $18k or $18,500 and let it fill itself up. But if it doesn't come down to that price, maybe I'll just leave it at that. It's not a big order anyway.

rodskee

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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.

that is a good mindset but are really believing in that possible entry that can bring you profit for long term? as the value of bitcoin is fluctuating mostly and just in Bull run that the price comes high from our expectations.

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.

but we cannot maintain that word alternative currency anytime because once the price drops so low? then you may consider not spending or using it for time being..

adaseb

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What most people are doing now is trying to buy at the lowest price possible. Why buy one coin at $20000 when you can buy 2 at $10000 if it gets down there. Since we all know eventually it’ll retest the ATH or $50K area in the near future.

The issue with this is that when the bottom hits. People will either be too scared to buy or they will have given up crypto all together due to boredom.

Topic: Why speculate when you can be at peace with Bitcoin - page 5. (Read 1149 times)