Topic: You don't become a big investor by public opinion. - page 2. (Read 538 times)

More precisely, don't say that you are wasting money on useless things such as gadgets or whatever, because currently devices such as gadgets or anything that can be used to process data and access the internet have become important for everyone. So it is not worth it to say that you are wasting money on this, even though the money can also be used in investments such as Bitcoin in order to continue to increase the amount considering the price increase which has exceeded $70K at this time.

Yes, it also makes me wonder if there are any investors before wayback 2009 who bought bitcoin at a price of 0.09$. Imagine if you only bought 10$ of bitcoin in 2009 at 111btc,
then if it was just held in your wallet until now, it's around 7.7 million dollars. Think about that, the investment is only 10$, and the value of your money will be like that.

So probably in these times, maybe it's good that we start saving bitcoin 10 years from now, because honestly, anyone who has bitcoin in the coming times is really something else,
to be honest.

The world of Bitcoin fosters a unique dance between independent thought and collective knowledge. While blind adherence to the opinions of others is a recipe for disaster, dismissing them entirely can lead to missed opportunities. The true wisdom lies in harnessing the power of both.

Consider a lone prospector panning for gold. Their experience and instincts are crucial, but they can only delve so deep with their own knowledge. However, by sharing stories with seasoned miners, they gain access to a collective wisdom, whispers of hidden lodes and treacherous pitfalls. This combined knowledge empowers them to navigate the unknown with a sharper edge.

Similarly, Bitcoin investors must cultivate a discerning mind. They should delve into the technology, understand the underlying principles, and form their own convictions. Yet, a forum becomes a virtual gold rush town. Here, experiences are exchanged, battle scars displayed, and whispers of future trends circulate. By filtering these insights through the lens of their own understanding, investors can refine their strategies and make informed decisions.

The op mentioned the idea of seeing something others don't see. It's a very generic phrase that can be understood differently. A lot of people saw and really noticed the 2017 crypto boom. So buying Bitcoin around that time wasn't against the current, and it was a good price to invest in Bitcoin. Then again, the op is saying that the majority still believe Bitcoin is a scam, and from that point of view, buying Bitcoin does mean seeing what others don't see.
We're well past those very cheap Bitcoin prices and extremely high profits. Some managed to invest back then and profited a lot, some invested and lost most of it one way or another, and some just weren't around. But Bitcoin is still a good investment, with a lot of potential.

According to the Data I got from Cointelegraph Markets Pro and TradingView, they captured a new $73,794 record price increase on Bitstamp. It has increased past the $72k it was at on Monday during the  early Asian trading hours and dumped a bit, only to last night pump past the previous ATH of $72k to current $73,794 price this morning before wall street opened.



Big investors have big portfolios that's why they can afford to lose sometimes and be unbothered but that's not the case here because Michael Saylor of Microstrategy intends to own about 1% of BTC before the halving of which he on Monday acquired about $12k worth in addition to the ones in his possession already.

Public opinion says different when an investor listens to it before investing but when one knows what it is they want like Michael who is willingly being a whale investor, the opinion of the public won't matter because the funds are in your possession not theirs, as well as all the risk taking is the investors brunt to bear, not the public.
https://cointelegraph.com/news/bitcoin-analyst-big-move-btc-price-new-73-8-k-record

We can not discard public opinion because Bitcoin turned out to be a reputable cryptocurrency, just like we have many scam projects that newbies come to ask if it's worth investing in, and the experienced members will research and give their opinions, which are mostly correct. Public opinions matters, especially when most of the analysts are professionals, so in the case when Bitcoin was created everybody was skeptical about it, because they didn't know if it was a scam, and yo wouldn't blame anybody for not investing in it. Although people must decide by themselves if they'll go with what the majority thinks.

With the increasing adoption that Bitcoin has been gaining so far, where individuals, companies and even nations are testifying that it's a reputable asset that it's value will keep increasing into the future, nobody needs a public opinion to understand this fact now. The fact is that the early adopters of Bitcoin took risks to invest in it, I believe that they wouldn't have imagined that it's price will reach what it is today,

Many people missed the opportunity of investing bitcoin early because of the opinion of other people and many people to missed the benefit of hodling because of the opinion of other people how bitcoin was criticise. What I have come to know about Bitcoin is that if one don't have understanding about it, it will be criticise. Even the future people will still criticise bitcoin and a beginner trying to know bitcoin may likely lose interest in bitcoin listening to people's opinions who don't have good understanding about bitcoin.

That is why research is very important to know about every investment,  the history in the past of every investment is what will be used to know if an investment is a good one or not. Listening to people opinion is not the best and can make one to miss good opportunities.

Smart people like these are superhuman actually, able to withstand investments that no one else even thought of until $1 could turn into millions of dollars in a few years.

I myself even appeared in the crypto world in 2016 and owned 3 BTC at the end of 2017,
could not hold the 3 BTC for too long and could only sell at a price of around $16k++ which in my opinion was a very high price at that time.

But there is a new ATH achieved to date reaching a new ATH at the price of $73k.
Bitcoin is so crazy and don't try to fight it and think that the price just stops here.

Trying to see the future is impossible and no one will know what will happen.
But sure of what is held and the technology that is growing like Bitcoin it might be luck in the future.
Every decision will determine the future.

Investing is not easy.  It is not easy to make money off making investments.  Otherwise we would all be Rich already.

The people who purchased Bitcoin and held up to this day most of their stash are the smartest.  They saw something others did not, decided to commit and invest in it and are now living off just that.

But how likely is it that out of all the opportunities of investments in this entire world you pick the ones that could turn Dollars into MILLIONS.  Exactly.  Very unlikely.  It is most likely that your road of investments will look very similar to the average road of investments.  Every Billionaire has had failed investments.  They just happened to pick the right things at the right time.  Maybe fate plays a role in this thing too.  Maybe also luck.  Who knows.

My point is.  It is easy to look at the past and see what you missed but it is hard as HELL to try to look into the future and find the TOP opportunities you can pick that will turn you into HUGE Wealth within years.

I reasoned that how can people just keep their coin when it hasn't yet reached its value? I mean, bitcoin people who bought it for the first time didn't expect it to reach this amount now, which is why some are using it to buy pizza because if someone knows that bitcoin will rise significantly, they won't sell it. People who take advantage of the opportunity and leave their coins are the lucky winners. Some people do not see the worth of bitcoin, which is why some people forget the coins and leave them for their well-being, and some don't know where there phrase is because they didn't expect bitcoin will raise that is why they mislead it. and they are probably richer now as a result of their bitcoin investment.

Everyone learns from errors. people that know bitcoin since the beginning and did not see the value of it and now has made people rich in the world, know that no one will make mistakes anymore anyone will buy bitcoin and will never sell all there coins anymore, because they will not let what happened to them repeat again and I still believe bitcoin will increase more than 72$ we should just keep buying if you have not buy before and leave it thing bull run and I am very sure many people will be profitable if they are know greedy, because some will get huge profit they won't sell the coin they are waiting for higher profits. and probably the coin will decrease and they will likely lose the profit they have before.

"Sell when everyone is buying, buy when everyone is selling."

If everybody wants an asset it means you should be getting out of that asset and buy something that nobody wants. Always be ahead of the curve if you want to make huge money. Bitcoin is making ATH but how far can it go from here? x2? Hardly... You can find something else that hasn't done its big move and make huge profits (x100) instead. Of course that's not an easy task. It wasn't an easy task to hodl btc 10 years ago. Like you said, many people didn't want bitcoin back then so it was way hard to hodl btc. Now everybody wants it. That means it is easier to hodl btc and it makes you feel good knowing that everybody is interested in btc. Going against the waves is always much harder.

That's the highlight of your post. People who believed in Bitcoin and the technology behind it are benefiting at large from it, and those who neglected it and tried to show it in a negative light are regretting everything they did back in the day. I still remember mainstream media was doing everything they could to make Bitcoin look like something very bad, they called it a criminal currency and something that is used by criminals to fund their activities, but that didn't stop Bitcoin from progressing, and look at it today.

People who were doing all those negative activities at that time must be regretting not investing in Bitcoin instead of doing all that, the price of Bitcoin was nothing back then compared to its current price.

In learning, you are free to take as many as public opinions and relate them together with each other, but when it comes to a decision making process, then we have to be focused on going for what is good for us and not what other people are suggesting for us to take, indecision can affect us and its only when we also have nothing to put forward ahead before those challenges arrives while making our decisions.

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.

The first Bitcoin price was in 2010, not 2009. 2009 it had no market value, you could only get it through mining. And I believe, from what I've read, it started at a price of around $0.009, not $0.09, because at some point a few months after the first exchange opened the price quickly 10x'd from around a cent to around 10 cents. So it was actually about $0.009 to $72k, 10x larger that what you said! And in one fewer years, 2010 to 2024.

this means bitcoin is the perfect example of this? to be needed a decade before unfolding  ? and yes I believe it is mate and i have not happened to be there since day one but lucky that i know bitcoin for 7 years and i am bitcoin supporter.
and also i don't need to be big investor but i am a true investor lol.

Back in 2009 and 2010, I think Bitcoin wasn't yet an investment. The image of Bitcoin right now as a rising asset class has not yet pervaded the public. Those were the years when joining Bitcoin means really understanding Bitcoin. And I think understanding Bitcoin was the main factor why they're into Bitcoin. Some might have been testing it for fun. But I guess they all have technical appreciation of the technology. If they kept Bitcoin, it wasn't mainly because it was an investment but because they were rooting for it.

Right now, people are into Bitcoin merely because of the buzz, the hype. Bitcoin is the talk of the town. Predictions, opinions, analyses, and so on about Bitcoin are all over the internet, television, and others. It's probably the herd mentality that's working right now.

Yes, this is beautiful: “The coin that was once sold at $0.09 is now worth $72,000” but it does not always happen. Not all coins that were priced at $1, for example, will one day be worth 100K.

Yes, the investor needs to seize good opportunities because opportunities do not come every day, but I believe that luck also plays a role because hundreds of projects that appeared and seemed promising and could achieve success ended in failure and disappeared.

All the right circumstances came together to make Bitcoin a unique and successful project, and the people who had the ability to read the future are now reaping good results for making the right decision at the right time.

First, you should work on your formatting. I am guessing you used your spacebar to format this topic, I also noticed similar in your last topic but this one seems prevalent. Next time you should format it better so it is easier and engaging for one to read.

I also did this math today. But I considered the fact that you will barely see anyone who bought Bitcoin at this point and still has it intact till now (unless it is a wallet that the private key is lost but then got found recently). So think about that too.

I think that faith comes after evidence and we would never believe before there is evidence that it will be profitable.
It is the same with bitcoin because I personally would not be here with confidence without proof of the progress that bitcoin has today.
We know that this seems naive for a hodler but in the end we also think to be realistic from a commercial point of view because after all with the condition of bitcoin in the early period where the price is still very cheap I'm not sure many people think this will be valuable in the end and we know many events that occur such as when we exchange bitcoin for game vouchers and even pizza which until now we continue to commemorate it is proof that the beliefs we have are getting stronger when there is concrete evidence against bitcoin.
I confidently say bitcoin is the best thing for now but if it was in the early phase I'm also pretty sure I wouldn't say that but when its progress in the last decade continues to improve then now I'm sure of what I said that bitcoin is one of the assets that is very worthy of investment.