Quote from: Churchillvv on Today at 12:38:37 AM

Quote from: JayJuanGee on Today at 12:22:33 AM

Quote from: terrific on December 16, 2024, 11:01:19 PM

Quote from: terrific on November 11, 2024, 09:20:12 PM

Quote from: terrific on November 06, 2024, 12:47:21 PM

Those who have literally did the title, ~~you~~ we're all legends. Cool

And, that was epic. Wink

Again I say, ~~$87k.~~$97k
Congratulations folks.

Congratulations, we've hit $107,500 today.
Soon, we'll be having the M instead of the K. Let's go to $1M per BTC. Grin

Keep HODLING legends. Cool

Some people already have converted to talking about bitcoin in terms of millions, so we could say today we reached a high of $0.107821 million per BTC.

Which is an unrealistic prediction even in 2025 ending bitcoin will probably not hit $1m per bitcoin. I like to make things very simple and clear than make an over rated or much expectations from anything that at the end it makes short of my expectations that's why I predict $200k price in 2025 third quarter and this is probably possible as BSR have been proposed in several counties and such can spike mush pump to a 200kish price.

Nothing wrong with having conservative parameters, and then if your numbers are exceeded, then you are even more happy. I would imagine that the newer that you are to bitcoin, then the more inclined that you would want the numbers to stay down while you are still building your bitcoin stash, but there is ONLY so much you can do about the price, even though you can try to consider what would be the best thing for you to do, even if you don't really know what bitcoin is going to do exactly, even if you have some tentative theories that may or may not end up playing out as you anticipate.

Quote from: Litzki1990 on Today at 02:13:49 AM

Quote from: JayJuanGee on December 16, 2024, 07:15:11 PM

Since you have been around since 2017 @Litzki1990, it is likely that you have had time to accumulate BTC over the past 7.5 years, as compared with someone who is newer to bitcoin. The newbies may well need to just stack bitcoin for at least a whole cycle without looking at price before they become too sensitive to various BTC price movements.

To catch up, I have been involved with investments for a long time. When I first came to know about Bitcoin, like 10 other new members I was skeptical about Bitcoin which is why I didn't invest in this coin initially. But gradually when I came to know about this coin and when various big media started publishing news about this coin regularly, I became a bit focused on Bitcoin and decided to start investing in this coin with a small amount of money.

In the beginning my investment journey was a bit like trading because at that time I didn't hold my investment for long after investing but after investing I sold my investment at a small profit. But when I saw that despite the regular fluctuations of the market, the market is moving in a good position and the popularity of this coin is steadily increasing, then I became more serious about this coin. At that time I didn't have that much money to invest a lot of money but I tried my best.

But in the last two years I have been very successful in investing in these coins because in the last two years I have only invested and in contrast I have not sold my investment amount. I am still trying to hold on to the investment. Although my target was to sell bitcoins at $100k, the market still looks positive to me. People like me who gave so much importance to investing in Bitcoin may now be smiling with success.

You seem to still have a trading mindset, since you are thinking about when to exit bitcoin rather than holding it for 4-10 years or longer.. .. so yeah, if you already have your own ideas about how you are going to play bitcoin, you might never get to a status in which you can live off of your bitcoin by having had spent time continuing to accumulate it and to hold it until it reaches such status that you might be able to start to thereafter start to cash out and withdraw from it at a hopefully sustainable rate.

There is no way to necessarily change your mindset if you are thinking about something like bitcoin as a trade rather than like an investment, even if you are using the word investment, you are not really investing long term into bitcoin, since you are thinking when to cash out and/or when you might maximize your dollar payout.

Quote from: Litzki1990 on Today at 02:13:49 AM

Quote from: Mayor of ogba on December 16, 2024, 08:11:16 PM

Not only traders but also investors who sell their bitcoin investment too early during their accumulation journey will regret ever doing that because we have seen how bitcoin keeps increasing in price. This is the more reason why we should always use the money that we can afford to lose or the money we will not need for 4-10 years or more to invest in bitcoin so that it will allow us to hold our bitcoin investment for a long time since we didn't use the money that is meant to solve our daily expenses to invest in bitcoin, which will allow us not to sell our bitcoin investment to get our daily expenses sorted out.

The future of the investment is uncertain, maybe an investor plans before investing that after one year he will sell the investment and by selling the investment he will meet his needs. But after one year, the market may not change according to his wishes, in this case, the investor may be in danger if he is sitting on the trust of that investment. That's why investors are always advised to invest only the amount of money that you don't need or the amount of money that will not affect your financial life badly if it is lost from your life. There are many people who borrow money from others and invest in bitcoins.

I always ask them a question that when the person asks you to pay them, where do you pay them from? Maybe many investors simply answer this question that they will sell their investment at that time. In this case, I have another question that if there is market dumping at that time, will that investor sell his investment at a loss and pay off his debt?
Assuming he pays off his debt with a relatively small loss, where is the investor profit?

There are many things to think about before investing. I think every investor should think about these things so as not to regret later.

If you figure out how much to invest into bitcoin, then you don't have to worry about selling.. so if you build your investment into bitcoin for 4-10 years or longer, then at some point the size of your BTC stash will start to inform you what to do, yet in the beginning, you may well invest into bitcoin without giving very much thoughts to BTC prices. You just keep buying it within your discretionary income, and hopefully you take care of your other financial matters and get your life and cashflow in order from the remaining portions of your income. Try not to put yourself into any emergency by creating an emergency fund and other back up funds, and surely if an emergency comes then you would hopefully draw from your various back up funds prior to touching your bitcoin, and if you get to the point of dipping into your emergency fund, then you are in a pretty desperate state at that point, so hopefully you are able to restore your income or cut your expenses, yet if you deplete your emergency fund, then at that point you might need to draw from your bitcoin.

Of course, any other investments that you have might also be available to draw from prior to drawing from your bitcoin, and yet these are personal choices regarding which funds to spend from first, and you have to live with the consequences if you choose to draw from your bitcoin prior to drawing from other funds, and you also have to end up using your bitcoin too if you get to a point that you have no other funds to draw from, so you would not want to die or to suffer from bad health if you were to choose to guard your bitcoin rathe than eating or lodging yourself or whatever your basic needs would be if your finances were to get to such a dire state.