Quote from: SuperBitMan on November 13, 2024, 08:04:52 AM

Quote from: Zozain on November 12, 2024, 10:45:38 PM

Quote from: Mayor of ogba on November 12, 2024, 10:26:35 PM

Quote from: Oshio-man on November 11, 2024, 11:48:15 AM

This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000, I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.

I can see you are new to bitcoin investment, so I will not blame you so much for sounding this way, but I want you to clearly understand that the majority of people in this forum are not investing in bitcoin because of the $100k mark speculation, and even though bitcoin achieves the $100k mark today or tomorrow, we will still not sell our bitcoin investment for short-term profit. The majority of us are still in our accumulation journey, and we have not even a good quantity of bitcoin since we started this journey that would make us sell our bitcoin. Our ultimate concern is how we will accumulate the quantity of bitcoin we desire and hold it for 4-10 years or more before we can even think about selling our bitcoin investment. If you are not interested in accumulating bitcoin, stop saying this is not the time to buy bitcoin before you mislead your fellow newbies because there is no perfect time to start accumulating bitcoin than when you have discretionary income and you buy bitcoin right away.

I agree with you When speculating on the value of Bitcoin you should avoid the tendency to focus so low as investors currently expect it to be worth $250k -$300k and you should plan your investment accordingly. If your expectations are so low ($100K) you are running into short term trading.

Let remember we have old people who are also into Bitcoin investment and people who has been accumulating and holding Bitcoin for year's now when Bitcoin was still $5k to $10k if Bitcoin hits $100k and this set of people has accumulated enough and decide to start selling you can't call them short term traders.

Definitionally, long term versus short term is based on time and not price. You are mixing up your terms @SuperBitMan if you cannot (or if you are refusing to) see the difference between time and price.

Quote from: SuperBitMan on November 13, 2024, 08:04:52 AM

An old man who is already 80 years old and has been holding since Bitcoin was $40k can decide to sell all his Bitcoin as soon as Bitcoin hits $100k or can decide to pass it to someone as inheritance because he may go to his creator at any time.

Again you are convoluting two ideas.. time and price. If we presume that the 80-year old got into bitcoin more than 4 years previously, then maybe he has already been exercising selling plans that could be time-based, price-based or a combination of the two. You cannot be presuming that the mere fact that someone is 80 years old falls into urgency merely because the BTC price goes up, and you cannot presume that the 80-year old might not have already had a plan regarding what to do that is not ONLY based on BTC price moves.

Quote from: SuperBitMan on November 13, 2024, 08:04:52 AM

There are people who started accumulating and holding Bitcoin since Bitcoin came to existence and when Bitcoin started growing they decided to hold till Bitcoin hits $100k before they can start selling you can't call those kind of people Short term trader because they started selling when Bitcoin hits $100k.

You are being a bit unrealistic to be attempting to describe people who started accumulating BTC since bitcoin's early days, especially since the further back you go, the more atypical such a person's situation would have had been.

I get your idea that you are wanting to suggest that someone who started accumulating bitcoin early is likely going to be in a better position to sell BTC, yet I still would have my doubts that on the face of it, they would give two shits about $100k as if it were some kind of a meaningful price to take actions different from actions that they had previously already been taking.

You really seem to be tying a lot of significance on $100k as a price, and I doubt that such price has even close to as much significance as you are seeming to want to attribute to it.

Furthermore, your being in bitcoin right around 4 months (going by your forum registration date) causes me to consider that you might just be spouting out ideas that you have hardly any experiential knowledge about... to the extent that anything you are saying relates to your own situation or to any members who you might be wanting to appeal to in regards to what you believe is going on in the thoughts of fellow bitcoiners.. ... and surely it comes off as a form of projecting your own seemingly ill-informed ideas onto what you consider to be motivations of bitcoiners of differing experiential levels.

Quote from: SuperBitMan on November 13, 2024, 08:04:52 AM

You just started Bitcoin investment newly there are people who has started investing for many years now and has accumulated enough Bitcoin and to them holding till Bitcoin hit $100k is a big achievement and that's true.

So saying that when one's Bitcoin rise expectation is $100k his running into short term trading is very wrong because of the reasons I gave above, however you can say those who just recently started accumulating and has not Accumulated enough.

Fair enough that guys holding bitcoin get excited whenever we get into price discovery areas, so when we are reaching new all time highs, sure there is excitement in that, yet it also seems that the level of excitement is truly going to vary in regards to how well-prepared any older bitcoiner might be in regards to whether he had already been stacking BTC aggressively or if he might start to have regrets over his level of stacking. Sure, many of the members who have been stacking longer are likely already largely prepared for BTC prices to go up, yet even some times guys who had been stacking BTC for longer periods of time will come to realize that they had been being too whimpy in their BTC stacking practices from earlier times, yet maybe a bit unsure about what to do about such realization of their earlier BTC stacking whimpiness.

I think that there have been several forum members who will tend to try to help out other newer forum members to try to help them to prepare themselves to stack BTC as aggressively as they can without over doing it, and so surely there will be some forum members who will realize that they had been as aggressive in their BTC stacking as they were reasonably able to be, so they will have no regrets about their own performance, yet surely I also tend to believe that so many members do not necessarily stack even close to as aggressively as they should have had done, yet there should be no need to really get overly worried about how aggressive a person had been in their stacking of BTC, especially if they realize that a lot of regular people do not even own any BTC yet, and so there are a lot of regular people who are just sitting on the sidelines with hardly any clue about why the BTC price is going up.. and they likely don't own any either.

Quote from: DubemIfedigbo001 on November 13, 2024, 08:58:12 AM

Quote from: JayJuanGee on November 12, 2024, 03:35:18 AM

Quote from: 2Pizza410000BTC on November 12, 2024, 01:42:19 AM

Quote from: Oshio-man on November 11, 2024, 11:48:15 AM

This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000, I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.

We can see bitcoin all time high of $89530 now an investor can sell bitcoin and still hold his investment but it is his personal choice. Here people will not pressure anyone to sell the investment they are holding because I am holding my investment but again I have set a certain price in myself that I will sell my investment if it goes to that price. Bitcoin's current upward momentum suggests that Bitcoin will cross $100,000 by November. You might be guessing that Bitcoin won't reach $100,000 this year, but if you look at the current Bitcoin market, you must have dispelled that misconception. I think bitcoin will touch $100000 within these few days.

To me it sounds that you don't have very long term plans in regards to your bitcoin 2Pizza410000BTC, and you are planning to either try to trade them or you are just wanting to lock in dollar profits.

So yeah, so far you are in the midst of a trade.. since perhaps if we go by your forum registration date, you started around 18 months ago - ish.. .

A lot of folks failed to get rich and stayed poor in their fucking around with trading BTC.. but yeah, of course, you can do whatever you want if you think that you are smarter than the market.

Most times, it is some real sort of emotional battle to continue holding despite seeing short-term mouthwatering profits in your investment, like over the last two weeks or less than that I've noticed considerable profits in my little investment, and I can only wonder what the long-term would be. I cannot deny that the trader mindset crept in, but I resisted. I wonder if anyone else experiences these?

It tends to be very difficult to resist getting into a situation in which you end up selling too much too soon or that you refuse to continue to stack... which can be very problematic for guys who already don't have very many coins, but they start to have dilemmas about continuing to buy or waiting for dips... and yeah, if your DCA is taking place on a weekly basis, then maybe the dilemma about whether to buy or not is ONLY once a week, but yeah it can be difficult, and you might not even be able to judge whether you did the right thing or not until 4-10 years or more later.

Quote from: DubemIfedigbo001 on November 13, 2024, 08:58:12 AM

Can I argue that short-term profits can corrupt the mindset of an investor and turn him to a trader if he is not careful with his decisions and the thoughts he entertains when he starts noticing them in good quantities, because it is really very tempting from a human point of view.

I suppose that is why it helps for any newbie to already have a vision for how long he is planning to stack, and sure, he could also start to consider that he had front loaded his investment when it is not true. It can take quite a bit of practice to get into the right mindset and to stay in the right mindset. There are going to be traders who come in and say "I told you so" too.. especially when the BTC price dips.. and so it can be difficult to stay on track when in the short term some of the traders might appear to be doing better.. even though in the long run, there are not too many of them who actually do better than the guy who is just continuously, persistently and consistently buying BTC.

Quote from: DubemIfedigbo001 on November 13, 2024, 08:58:12 AM

This is more reason it is good to fuel your thoughts with desires to accumulate more and having a bigger picture in mind and not being overly appreciative of your current success rate.

It really take lots and lots of discipline and dedication to remain in this journey for a long term, Investors and discipline should be like 5&6.

Yep. I am not going to say it is easy, since it isn't easy... and no one can really help you, except yourself, and you are responsible for whatever you end up deciding to do..since no one is going to bail you out if you screw up or even necessarily appreciate it when you do the right thing since sometimes it can take many years for the newbie's BTC portfolio to get to a spot that it becomes more obvious about whether he did the right thing or not.

Quote from: Urch1010 on November 13, 2024, 11:29:23 AM

Quote from: Proty on November 13, 2024, 05:04:21 AM

Quote from: Oshio-man on November 11, 2024, 11:48:15 AM

This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000, I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.

You don't know what bitcoin investment is, it appears you have being fucking around trading whenever there is an upward trend and you want to mislead other investor into trading there bitcoin .well our investment in bitcoin should not be determine by the market movement , unless those that are fucking around trading for short term profit .bitcoin investment is a long term and we all have our investment timeline either 5-10yrs or longer, so whenever there is an upward trend it should be a motivation for all investor who are still in there early phase of bitcoin accumulation to focus more on continuous accumulation of bitcoin and hold for a longer term as per there investment timeline.

I don’t think this your premiss is good one because the way bitcoin is moving currently,it will hit 100k. Allow people to find egress themselves and don’t sound outstrip.
Cryptocurrency investment is not what you do to gain quick money and it’s not going to make you rich quickly either, just make sure your expectations are not high anytime you’re buying a particular coin.

We are only talking about bitcoin in this thread, so you might want to figure out if you might be lost and in the wrong thread, since I don't know what the fuck cryptocurrency has to do with this thread, or figuring out which coin to buy. Maybe you should rethink what you are saying in terms of the topic of this thread so you can clarify what you mean.

If you were talking about bitcoin, then sure you could have just used the word bitcoin, but I get the sense that you don't know what you are talking about and maybe you don't even know the difference between bitcoin and shitcoins... otherwise what does any "particular coin" have to do with our discussion in this thread?

Quote from: Urch1010 on November 13, 2024, 11:29:23 AM

Some people are being so anticipative anytime they’re buying a particular coin but at the end of the day they won’t be happy with the outcome because their expectations was high
Bitcoin is like a philtre and don’t be carried away

I am getting the sense that you might not even know what bitcoin is, since you seem to continue to be implying that there are some other coins out there that are worth investing into.. or perhaps you are talking about trading? Surely it is not really clear what you are talking about, and perhaps you don't even know, unless you might want to clarify what you mean and focus on bitcoin rather than trying to make references to shitcoins without even saying what it is that you mean exactly by "particular coins" that might be somehow related to the topic of this thread.

Quote from: lizarder on November 13, 2024, 02:26:26 PM

Quote from: Sim_card on November 13, 2024, 09:35:14 AM

I think that's about you and it seems that we are different, maybe, it's based on our mindset. When I see the profit in my portfolio, I don't feel like selling, instead it gives me joy and hope to continue investing in bitcoin and hodli longer so that my portfolio will get to a certain height in future. The profits have also strengthen my faith to believe more in bitcoin, and I wish I had a good size of portfolio.

It is different patterns about the investment undertaken because some people apply short -term strategies to generate profits and they understand why the pattern is carried out. Some make a division in a certain percentage and they sell sufficiently in the desired increase period and the rest is also a long -term target holding. I often see many investment methods that are undertaken based on several discussions that take place and I think everything is good according to their respective observations.

I doubt that everything is good when it comes to selling BTC, especially since the vast majority of people in the world either don't have any bitcoin or they are in a low coiner status or they are in their BTC accumulation stages, so there are way more people who should not be selling bitcoin than should be selling bitcoin.

Sure once a person has been in bitcoin for a while and they have accurately determined themselves to either have enough BTC or more than enough BTC, then those people might be able to sell bitcoin at any price and not really be worried about screwing up... but there are not very many normal people who fit into that category.

Personally, I believe that trading is not a very good strategy or practice when it comes to bitcoin, except perhaps a very narrow number of folks who can figure out how to do it in such a way that they are able to exceed the advantages of the regular bitcoin accumulator and/or HODLer... and even the traders who are good at it, might end up fucking up because they fail/refuse to actually know bitcoin well enough in order to protect themselves from not getting reckt when the BTC price goes in one direction or another (especially up) at a time that was outside of their expectations.

Quote from: lizarder on November 13, 2024, 02:26:26 PM

Quote from: Sim_card on November 13, 2024, 09:35:14 AM

When bitcoin price rises, it gives me more reason to continue investing and when bitcoin price dips, it gives me hope that I can reach my bitcoin target with consistent and persistent ongoing buying overtime.

Generally it is done by most people but when you apply a DCA strategy, there is no need to wait for a sharp decline to accumulate purchases. Because you are targeting holding so that using DCA patterns can be accumulated at any time according to the desired percentage. Holding is more profitable for investment in Bitcoin but we also need to think about the accumulation by utilizing the financial potential that we produce from other jobs.

I have no disagreement with any of this.