Quote from: Cryptoprincess101 on January 30, 2024, 06:59:56 AM

Quote from: Promocodeudo on January 29, 2024, 10:02:12 PM

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far?

Volatility is inevitable in any kind of a growing and BIG new asset class, and for something as disruptive and all encompassing like bitcoin, it is even more likely to have had been and continue to be volatile into the future... In other words, the volatility did not cause or contribute to bitcoin being successful, even though volatility does happen to be a by-product of bitcoin whether bitcoin is going to continue to be successful or not.

Quote from: Cryptoprincess101 on January 30, 2024, 06:59:56 AM

Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

How do you know how long it is going to take for bitcoin's authenticity will be visible for all to see? We might not get authenticity in bitcoin for another 50-100 years. And what does authenticity mean exactly? There have been certain bitcoin supporters who have already been considering bitcoin to be authentic in the last 10-15 years, and sure there is even variation in terms of how long it might take someone to become convinced about bitcoin, and even if bitcoin might be a one way street for a lot of people who learn about it, there are going to be a lot of folks who do not learn hardly anything about anything, but they merely do what everyone else is doing... so there are some people who consider bitcoin authentic because that is what everyone else is doing, or if they want to buy eggs at the corner stand rather than at the store, the farmer only takes bitcoin, so they have to figure out a way to get bitcoin because they prefer the farmers eggs rather than the store's eggs.

Quote from: Cryptoprincess101 on January 30, 2024, 06:59:56 AM

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

You are correct that we probably don't really know how much of a dip there is going to be at any given time, but still I wonder how many people actually are involved in this process of buying bitcoin, probably less than 1% of the world's population, even though there are some parts of the world in which there are higher percentages of the population who both know about bitcoin and are involved in buying it regularly.

Quote from: Ruttoshi on January 30, 2024, 09:26:36 AM

Quote from: JayJuanGee on January 30, 2024, 04:53:06 AM

Quote from: Odohu on January 29, 2024, 11:51:34 PM

I latter found out he has been following some self acclaimed successful Bitcoin traders on social media. I have actually seen a lot of them and the make trading appear to be a shortcut to wealth and will never tell you the real truth about it.

A lot of trading gurus end up on the wrong side of trades too, so they are all geniuses, until they end up fucking up, and there are quite a few examples of those guys..

This is why I dislike trading because even when you you are a genius in trading doesn't mean that you will not run at loss, so why will I want to learn something that even when I am an expert, I am not guarantee to make profit all the time. A little mistake and you run at a big loss.

Yep, you might have a large number of trades in which you made good money, but then one bad trade or failure to close it properly could end up wiping all of the profits from the previous trades, and sometimes it can be quite difficult to recover, and you would have been better off to employ a more straight forward approach, especially with an asset like bitcoin. Other assets might be a different story.. because one of the things that happens in bitcoin from time to time is that it does a stair-step up, and maybe that stair step is doubling or tripling or even 5-10x, and then sure it might come back down, but it might not come back down to even close to the amount that you were out of your bitcoin position when you should have been in your bitcoin position.

And, sometimes, it can be quite difficult to know when those upward stair stepping periods are going to be that you should be in bitcoin because they might end up coming very quickly and without any notice.. you do not notice them until they have already happened or that they are so far into the process of happening that it becomes difficult to know if or when to jump in.. when you should have had already been in, in the first place, rather than fucking around by trying to trade and pick up small amounts of value and failing/refusing to appreciate the value of the asset that you are either betting against or failing/refusing to hold. largely for those unexpected periods in which the price does an upward stair step.... .. We can point to so many of those points on the bitcoin charts, but we likely did not know that they were coming until later down the road and sometimes not even until a year or two later when we are looking at the charts and we figure out that the BTC price is not going back down to those earlier levels.

Quote from: Richbased on January 30, 2024, 10:35:03 AM

Quote from: Ruttoshi on January 30, 2024, 09:26:36 AM

The way a child is given birth to and the parents will take care of that child for many years spending and providing for him to make sure that he grows up and become an adult who can take care of himself and also take care of the parents when they are old, is the same way we need to invest in bitcoin and grow it through DCA gradually as a newbie so that a time will come when your bitcoin portfolio size has is big. Your money that you invested into bitcoin will start working for you by generating more profit as the price of bitcoin is increasing with timeline, and your bitcoin investment will start be your pride and it will take care of your expenses and whatever you need money for in your old age.

Your illustration is quite alright but I want to ask you from your illustration what if at the point of the parents taking care of the child in other for them to grow up and take their own responsibility then peradventure the parents losses such a child while they are trying to grow up is it a gain or a lost to the parents? See everything we are doing in life is just risk as no one knows exactly what the future holds or how it might turn out to be so also is our investments as we invest not actually because we are certain that we will make profits but because of our optimism towards positivity so anything is expected to happen to ones investment be it on the short run or the long run.

I doubt that many of us should be investing into bitcoin or anything else with a state of mind that anything can happen, because the fact of the matter is that there are more probable and less probable events and there are better and worse investments, and sometimes, we might invest into a variety of possible outcomes, but it is also quite likely that if something has 1% or less chances of happening, we should be careful that we do not invest more than 1% of our efforts, money and energy into such possibility, but we also should not treat it as zero% either.. so we have to figure out some proportionality in our actions.

Another thing I doubt that anyone should be investing based on positive feelings, either. There are needs to be tempered in your investment, and to have enough flexibility to reassess ways that you may be wrong or might have been wrong in the past, and sometimes adjustments might need to be made based on new information. .and positive feelings might not make any difference if you ended up investing into something based on hype rather than substance.

Quote from: Justbillywitt on January 30, 2024, 11:02:04 AM

Remember if you don't buy the dip you can't sell the top.

That is a stupid expression... or maybe just a bad way of adising and/or giving guidance to anyone.