Quote from: Inwestour on March 10, 2023, 12:46:06 PM

Quote from: JayJuanGee on March 09, 2023, 07:55:12 PM

If you really have discipline, then you should be able to control yourself and limit your trading (learning) budget to maybe 5% or less of your whole BTC holdings. So if you were to have $10k of value in your BTC investment portfolio, then you would be limited to a $500 total trading/learning budget... and there is not a whole hell of a lot that you can do with that amount of value.. but you still can attempt to learn with it..

Yes, it will be a small budget to achieve any significant results (at least in my case), but it may be enough budget to try what I can do, whether I can increase it, or it will decrease.

Quote from: JayJuanGee on March 09, 2023, 07:55:12 PM

By the way, I do recommend using small amounts of value to learn rather than fucking around with those learning platforms in which there is no value, and you are just using play money.. fuck that nonsense.. From my point of view it is better to use actual value.. but just use really small amounts.

I have told this story before, but let me just reiterate it.. For my first 18 months in bitcoin, I did not sell any bitcoin, and if I did give some away or use some bitcoin to buy something, then I would replace anything that I sold (and almost always more than I sold) within a few days of the sale/gift.

So.. part of the point, is that some places allow you to trade as low as $5 per trade, and if you calculate fees, you can make your spreads in ways in which you are just practicing with very small amounts, and by the way, I never used leverage and I never wanted to learn how to use leverage because on a personal basis I did not want to go there...

Yes, I understand this well, trading in small volumes will simply be meaningless, since the feeses will eat up most of the profits. And by the way, I have not even thought about leverage yet, it seems too risky to me.

You are right, if you look at the entire history of bitcoin, it is hard not to notice that it is constantly growing, this is a wonderful property that I really like. So far, my number one task is not to lose a single satoshi, if I manage to multiply it, it will be good, but the priority task is to save everything I have.

You seem to have had inadequately and insufficiently explored the topic regarding how trading works. Sure, you need to cover the fees that would be incurred from any kind of trading that you might do, yet the fees can generally be covered by the spread, and the amount that you trade does not matter because the fees are generally a percentage.. so for example, if you execute a trade to sell $10 worth of bitcoin at, $24k and if the fees are 0.5% to sell and then 0.5% to buy back, then you would have to make sure that your buy back price is at least $240 below $24k (which would be $23,760 or lower just to cover your fees), and the lower that you buy back then the greater is your profits (the first 1% is fees and after that profits). The major issue is just making sure that you are able to trade and some exchanges have a minimum order amount and that might be $5 or maybe it is denominated in bitcoin.. like 0.0002 BTC or some other minimum trade order amount. The minimums vary from exchange to exchange, and the fees vary based on how you set your orders (whether limited order or a market order.. usually limited orders are cheaper than market orders), and also if you trade over a certain volume per month, the exchange might offer a discount.. and other exchanges will try to attract you with low or no fees.. and Binance has been running a no fee promotional since about July of last year... whether that means that they are a ponzi or not might be another story.. or at least another possible layer of risk to have some of your value on exchanges instead of holding it yourself).

Quote from: rojan on March 10, 2023, 05:16:23 PM

Quote from: JayTrain on March 09, 2023, 07:58:48 PM

Bitcoin has definitely changed the lives of many people who have invested in it. Some have become wealthy, while others have suffered losses. The continuous development of Bitcoin has made it more attractive to investors, and the recent rise in price has once again renewed interest in the cryptocurrency. It will be interesting to see where Bitcoin goes from here and how it continues to impact the financial world in the years to come.

Those who waited to invest in Bitcoin made a lot of money today. And those who sold after investing in Bitcoin may have lost a lot. But I think Bitcoin will increase in value in a few years. Those who invest in Bitcoin now. They will get profit if they can keep it. And if someone invests and sells them before the profit is made, then there is a chance of losing money.

You are not really saying much of anything rojan.

Do you have any actual personal experiences with bitcoin rather than merely spouting out theoretical nonsense in regards to selling if the BTC price is high and buying when the BTC price is low? How about it? You have anything from a personal experience perspective?

Quote from: loopes on March 10, 2023, 11:59:29 PM

Quote from: Ehrakeziah on December 02, 2020, 04:39:22 PM

-snipped-
From the beginning of bitcoin history I know that many people become rich instantly when they hold their bitcoins and sold at the highest price last 2017. After the price of bitcoin fluctuated and dropped where many investors got scared and started to panic to sell their bitcoin even if they went bankrupt. But we cannot hide that bitcoin has changed many lives.

On the other hand, after bitcoin dump many are still investing, especially as the price of bitcoin gradually rises again. And due to the continuous development of bitcoin it has become more and more popular and attractive to investors especially to the rich and big companies.

Now bitcoin is preparing to reach another ATH. Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?

The first time i know about bitcoin was about seven or eight years ago, at the end of 2015 or beggining of 2016, it is hard to remember exactly. It was very profitable moment that the price was fluctuated, touched high price then went down some time. I took the chance by trade bitcoin on exchange. Got much enough profit by trading it. So it not yet my 10 years in crypto but i believe that it will enhance my ecomony more and more.

Well, if you had gotten involved in bitcoin starting in about September 2015, and you invested $10 per week until now, you would have invested right around $4k, and you would have around 2.1BTC. Of course, if you had invested $100 per week for that whole time instead of $10 per week, then you would have had invested $40k and you would own right around 21 BTC, so it seems to me that there is pretty good chances that you could have done quite well with bitcoin if your main focus had been to accumulate BTC - and I doubt that there are very many trading strategies that would have done better than a mostly consistent practice of buying and accumulating BTC rather than fucking around with trading baloney...

How has your trading done in the past 7-8 years? Do you have better returns than some kind of buying and holding strategy like I outlined above?

It seems to me that buying and holding bitcoin is a good strategy and the longer the better... Fuck trading.. it is not worth it.. and you are not going to beat a buying and holding strategy... why treat the best asset like that? Bitcoin is not a shitcoin it is something that you should be working on buying and accumulating and not trading... but hey, you do what you like if you want to have fun staying poor.