I want to know your opinion on the success of BTC holders:1 - No, but luck also contributes along with each strategy.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
1 - No, but luck also contributes along with each strategy.Yes, at least everyone hopes that luck will be on their side after the hard efforts they have made. Bitcoin is indeed suitable as a long-term investment because its potentially expensive price makes those who see Bitcoin as a very good opportunity to make a profit.
2 - Yes, I hold BTC and until now what makes me believe BTC will be valuable is its innovation and also its mechanism which is like an opposition to FIAT, I really like the competition between Cryptocurrency and FIAT.
3 - The cycle is 4 years, and my plan is to hold this year until Christmas
1. Is the profit of BTC holders just from luck?1. Literally no! I don't know who among us here think it was just luck as we all know that we spend our time and effort to use dollar cost averaging just to make profit with Bitcoin or even make risky trades. Though trading needs a little bit of luck but it is not like gambling wherein we need 98% luck and 2% skills in order for us to win. With DCA there is no such thing as luck.
2. Are you a BTC holder? What makes you keep believing and holding BTC?
3. When will you hold BTC until?
There is no point in keeping Bitcoin away forever, it is best to plan and keep it away for a specific period of time. A Bitcoin holder has a plan for at least five to ten years and many prove themselves to be solid investors by holding out for shorter periods and longer periods. I am also a Bitcoin holder I myself have accumulated almost a lot of money buying Bitcoins. I intend to hold my bitcoins until at least 2032, from where I want to reap massive benefits.1.
- Is the profit of BTC holders just from luck?
Answer = no and will never be because we worked and spend for this and also risked so much .
2.
- Are you a BTC holder? What makes you keep believing and holding BTC?
Answer = Because I already made some good profit in this , and also this helps me have transactions in all parts of the world easily and safely.
3.
- When will you hold BTC until?
Answer = till Forever? exaggerating but true .
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
For me, holding BTC is not a coincidence, it is a rational choice!1. Nope. For me, it's my choice to invest in Bitcoin and fortunately make a profit from it. I believe that I will make a profit when I invest in Bitcoin which makes me profitable. Luck isn't involved with my decisions because, in the first place, I knew the risk that I was involved with. Investing into Bitcoin isn't the same as gambling in dice or whatever gambling game it is that only requires luck.
I want to know your opinion on the success of BTC holders:
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
I want to know your opinion on the success of BTC holders:It is never luck, because they were patient enough to wait for the compounding value of bitcoin, and this can be achieved through sacrifice. A lot of people rush into trading because they think that bitcoin investment takes a very long time to be profitable, and they cannot patiently wait.
- Is the profit of BTC holders just from luck?
Yea, I having being holding and accumulating bitcoin since 2022 December. I have the believe in bitcoin to be the future safe haven, and is the best investment with high returns currently. I also don't know how to invest in other assets because I am not rich, but bitcoin gave me the opportunity to have an investment even though I am a low income earner. My bitcoin investment is what I will fall back to at old age.
- Are you a BTC holder? What makes you keep believing and holding BTC?
Bitcoin will be part of my life because it is worth it. Who will have a company that is flourishing, and decide to sell the company and keep the money to himself. As long as I am living, my bitcoin investment will continue, because bitcoin price increases with time line.
- When will you hold BTC until?
There is a joke in my country: "The best way to hold BTC is to go to jail", but I think even going to jail can't stop paper hands from selling BTC in the crypto winter.BTC investments must be very common in your country because if it were not, then why would be there such a saying, in my place it's so rare for people to invest in BTC or in any digital currency because they think it a fraud. So that's why there are not so people so not so many sayings to hear. But I liked this one.
For me, holding BTC is not a coincidence, it is a rational choice!I also voted the same, but the first option was also right to some extent, for example, those people who bought BTC at an early stage and hold onto the BTC till now are also lucky ones but they also must have to make rational decisions in order to get good returns.
1. No, the profit from BTC holding is not totally depend on luck it also depends on the rational decision that one makes.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
BTC is the first cryptocurrency introduced by Satoshi Nakamoto in 2008 with the aim of becoming the new currency for everyone in the internet age [1]. Satoshi's expectation was that BTC would be used by everyone, but currently most people see BTC as an investment to store value. I do not object that everyone has the right to access BTC, the Bitcoin network belongs to everyone, everyone can create an account, store and move BTC... but perhaps the profit from BTC is not for everyone!
Looking at the history of BTC price: after each exciting uptrend, there is a harsh downtrend, BTC price has decreased from 77% to 93% compared to the previous peak, simply put, BTC price has dropped 4-10 times in the crypto winter. This is the difficult time created by the market to test the diamond hands of BTC holders, and also to reveal the anti-fans and challenge the faith of the strongest BTC supporters.(https://www.tradingview.com/x/ZDFejkTB/)
Michel Saylor is currently an extremely famous figure in the crypto world for helping MicroStrategy make a profit of over $6 billion from its 193K BTC budget, which has been continuously accumulated since 2020 [2], and for helping MSTR's stock price increase by over 800% in 3.5 years. However, Saylor is also the person who has been criticized and attacked by the media in 2022 [3].
Even more famous than Michal Saylor is Nayib Bukele - the president of El Salvador, the first country in the world to accept BTC as a legal tender alongside $US in 2021 [4]. Besides the huge benefits for El Salvador such as helping people access financial services without depending on banks, reducing transaction and remittance costs, attracting tourists and foreign investment..., the reserve of 2380 BTC from the policy of mining and DCA BTC has also helped El Salvador earn a profit of over 40% [5]. However, we also cannot forget that in 2022, Nayib Bukele and the El Salvador government were criticized and attacked daily by large organizations to individuals in the market, from financial news sites to social networks and Youtube [6]. I believe that Nayib Bukele has dared to risk his entire political career to bring El Salvador into the Bitcoin era, he is fully deserving of being re-elected president of El Salvador to contribute more in the next term [7].
Nayib Bukele: “When Bitcoin’s market price was low, they wrote literally thousands of articles about our supposed losses. Now that Bitcoin’s market price is way up, if we were to sell, we would make a profit of over 40% (just from the market purchases), and our main source of BTC is now our citizenship program”.
Similarly, large media outlets do not give up any opportunity to abuse BTC to attract readers. The New York Times is constantly updating news about the positive price movements of BTC recently [8], but in 2022, in the midst of the crypto winter, they also posted an article talking about the correlation between crypto investment and the "dark tetrad" - a combination of narcissism, Machiavellianism, psychopathy, and sadism [9].
This shows that it is not easy for investors in this market to keep faith and continue to invest in BTC, so the success and profits for BTC holders are completely deserved and not just luck! There is a joke in my country: "The best way to hold BTC is to go to jail", but I think even going to jail can't stop paper hands from selling BTC in the crypto winter.(https://talkimg.com/images/2024/03/07/y3252.jpeg)
For me, holding BTC is not a coincidence, it is a rational choice!
I want to know your opinion on the success of BTC holders:
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
References:
[1] Satoshi - Sirius emails 2009-2011 (https://mmalmi.github.io/satoshi/)
[2] MicroStrategy's Michael Saylor Made $1.2 Billion In 3 Days Following Bitcoin Boom (https://finance.yahoo.com/news/microstrategys-michael-saylor-made-1-002618993.html)
[3] Michael Saylor Bet Billions on Bitcoin and Lost (https://www.wsj.com/articles/michael-saylor-bet-billions-on-bitcoin-and-lost-11659538890)
[4] El Salvador To Make Bitcoin Legal Tender: A Milestone In Monetary History (https://www.forbes.com/sites/theapothecary/2021/06/07/el-salvador-to-make-bitcoin-legal-tender-a-milestone-in-monetary-history/)
[5] El Salvador Bitcoin holdings hit record $164M as BTC profits pass $50M (https://cointelegraph.com/news/el-salvador-bitcoin-holdings-164m-btc-profits-50m)
[6] El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far (https://www.cnbc.com/2022/10/13/el-salvadors-bitcoin-holdings-down-60percent-to-60-million-one-year-later.html)
[7] Nayib Bukele re-elected as El Salvador president in landslide win (https://www.theguardian.com/world/2024/feb/05/nayib-bukele-re-elected-as-el-salvador-president-in-landslide-win)
[8] New York Time: Bitcoin (https://nypost.com/tag/bitcoin/)
[9] Bitcoin fans are psychopaths who don’t care about anyone, study shows (https://nypost.com/2022/04/12/bitcoin-fans-are-psychopaths-who-dont-care-about-anyone-study-shows/)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5487866)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
I want to know your opinion on the success of BTC holders:
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
This shows that it is not easy for investors in this market to keep faith and continue to invest in BTC, so the success and profits for BTC holders are completely deserved and not just luck! There is a joke in my country: "The best way to hold BTC is to go to jail", but I think even going to jail can't stop paper hands from selling BTC in the crypto winter.Usually, those who are on the outside of the market and look at past BTC price movements will be able to say that it is easy to get profits from BTC, they will not be able to understand the incredible pressures that the crypto winter and media have placed on BTC holders over the years. Continuing to hold and DCA BTC in the long term requires a lot of effort both mentally and physically!
For me, holding BTC is not a coincidence, it is a rational choice!
I want to know your opinion on the success of BTC holders:
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
No, if it is BTC holders, it is not a luck.
- Is the profit of BTC holders just from luck?
Are you a BTC holder? What makes you keep believing and holding BTC?Yes, because it is BITCOIN.
When will you hold BTC until?At least taking profits in bullish era, peak of bullish era or even closed to.
We are not gambling with Bitcoin, we invest in Bitcoin. When we are investing in Bitcoin, we must have good knowledge about it. To increase the chance to get profits with Bitcoin, we must do both technical and fundamental analysis. We need some research and analysis deeply through Bitcoin market and Bitcoin current issues. This is not needed if we only get profits because of the luck.I totally agree with you, investing in bitcoin is not like gambling which will only be influenced by luck alone.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
Bitcoin made it to a little above $70,000 dollars today before it dropped to around $66,000, and right now, it's up again and sitting around $69,000.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
Every person makes a target so the decision of selling their bitcoin will totally depends on their target and I think everyone will have target of 100k$ which is possible to happen after halving.
It can be luck for those who have a lot of money and who bought bitcoin 10 years ago just because he decided to buy something and then he forgot about it for many years and somehow remembered that he has a wallet and there are bitcoins, it is rather an exception and it may not even exist, but to give an example of such an example I think it is necessary, nothing happens just like that and if we take bitcoin and this issue as an example, I think that it is a conscious choice rather than some kind of luck.The strong price increase of BTC in the 3 seasons 2013 - 2017 - 2021 was enough for BTC to become famous and known globally, I don't think anyone can forget that he once accidentally bought BTC in the past when his BTC worth a fortune in the present. Although he has a long-term vision, perseverance with that goal and belief is also an effort and a risk trade-off in case BTC is just a financial bubble. He completely deserves the huge profits that he chose and created himself.
In my Opinion, profiting from Bitcoin is not by luck, it is certain that everyone that invest in Bitcoin should make profit but the cause of not making profit in Bitcoin is dependent on the way investor handled his investment.Luck is just one of the things we can see in a successful person thanks to BTC. Besides luck, the investment journey also requires trust, loss experiences, trade-offs of time and effort..., unfortunately these things are difficult to see and recognize by the people outside the market.
If for example, I spent $30k today and buy Bitcoin, then I realized tomorrow that I needed to use that $30k for another project, meanwhile Bitcoin have already dropped to from $67k to $58k but I have not choice than to sell, definitely I will be at lose which was my fault and not the fault of Bitcoin. Someone can still buy that same quantity I bought that day and hold it till when his is satisfied with q high price to sell and make his profit.
The strong price increase of BTC in the 3 seasons 2013 - 2017 - 2021 was enough for BTC to become famous and known globally, I don't think anyone can forget that he once accidentally bought BTC in the past when his BTC worth a fortune in the present. Although he has a long-term vision, perseverance with that goal and belief is also an effort and a risk trade-off in case BTC is just a financial bubble. He completely deserves the huge profits that he chose and created himself.
1. Of course the result, what luck can there be if users purposefully hold the asset (for the prospect of income).Perhaps the luck of BTC holders is that BTC is an asset that has continuously increased over time. An investor who buys BTC today will definitely have a profit in 4 years. Many other assets and tokens cannot do the same.
2. Faith in the asset. As long as it is there, the price is formed. Once users stop believing, the price of bitcoin will be 0
3. Until I see at least 150 thousand, for 1 bitcoin. Anything lower than that is of absolutely no interest to me.
If it is some sort of a luck then I consider it our choice of luck to hodl Bitcoin since it is not comparable to gambling that solely based or depends on luck just to make profit through winning.1. Of course the result, what luck can there be if users purposefully hold the asset (for the prospect of income).Perhaps the luck of BTC holders is that BTC is an asset that has continuously increased over time. An investor who buys BTC today will definitely have a profit in 4 years. Many other assets and tokens cannot do the same.
2. Faith in the asset. As long as it is there, the price is formed. Once users stop believing, the price of bitcoin will be 0
3. Until I see at least 150 thousand, for 1 bitcoin. Anything lower than that is of absolutely no interest to me.
I also hope BTC will reach 150K USD this season. Many experts are talking about higher prices, but usually they are too optimistic in an uptrend or too pessimistic in a downtrend. I think I will partially close my portfolio when BTC reaches $150K, hope it will come by mid-2025.
If it is some sort of a luck then I consider it our choice of luck to hodl Bitcoin since it is not comparable to gambling that solely based or depends on luck just to make profit through winning.We can call it luck based on trust and wise choices, not gambling luck. This luck can be completely mastered when we are willing to spend time learning about BTC and this market. I believe that many people can still be lucky if they believe that BTC can reach $1M in the future!
No doubt Bitcoin will reach that price range but that only question here is when though we are hoping that it will happen this year or next year but maybe we are getting more or less than that so yeah the only way we can prepare for that speculation is to hodl hodl and hodl.
That's the spirit mate, 2032 wow! , I don't know if these are mere words written here but I think if it's true then you are definitely a true definition of a holder. Keeping your Bitcoin is something that every Bitcoin plans to do knowing fully well the benefits that's involved in it and that's why many people in the crypto space are on the conclusion that holding Bitcoin is probably the best thing but there is a fact that comes with holding this Bitcoin too and that's the fact that it's not as easy as people actually say it to be because you need to be fucking discipline and strong and most especially not hoping to feed from it so getting a real job that takes your mind off it is probably best and keeping Bitcoin is never something of luck because you see the strategic growth of the market and how things build up bit by bit till the final success is achieved.There is no point in keeping Bitcoin away forever, it is best to plan and keep it away for a specific period of time. A Bitcoin holder has a plan for at least five to ten years and many prove themselves to be solid investors by holding out for shorter periods and longer periods. I am also a Bitcoin holder I myself have accumulated almost a lot of money buying Bitcoins. I intend to hold my bitcoins until at least 2032, from where I want to reap massive benefits.1.
- Is the profit of BTC holders just from luck?
Answer = no and will never be because we worked and spend for this and also risked so much .
2.
- Are you a BTC holder? What makes you keep believing and holding BTC?
Answer = Because I already made some good profit in this , and also this helps me have transactions in all parts of the world easily and safely.
3.
- When will you hold BTC until?
Answer = till Forever? exaggerating but true .
[/list]
I want to know your opinion on the success of BTC holders:No btc holders profit comes from luck only, risk must be taken here, investment must be made and then profit can be reaped. Now if I just sit on luck without investing, but profit will never be made. But whenever I take risk and invest, I get success. That's why I say BTC holders' profits don't come from luck. Yes I am definitely a BTC holder. Success helps me hold BTC. I will definitely hold onto my bitcoin until sir market until new ATH is created in the bitcoin market.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
No btc holders profit comes from luck only, risk must be taken here, investment must be made and then profit can be reaped. Now if I just sit on luck without investing, but profit will never be made. But whenever I take risk and invest, I get success. That's why I say BTC holders' profits don't come from luck. Yes I am definitely a BTC holder. Success helps me hold BTC. I will definitely hold onto my bitcoin until sir market until new ATH is created in the bitcoin market.So would you say the same thing to those who managed to hold Bitcoin from 2010 until now? It's true that not many people do that, but I'm sure there are some people who are successful and still have access to their personal wallets and now they have managed to become very rich. For now, I still believe Bitcoin could become more expensive than this year because the supply is increasingly limited. will make the price higher than now and of course it requires quite a long process.
Yeah luck that needs money, effort and timing. One of those lucky individuals are the early adopters of Bitcoin though a lot of things had happened to most of their holdings but surely they are the first batches of millionaires.If it is some sort of a luck then I consider it our choice of luck to hodl Bitcoin since it is not comparable to gambling that solely based or depends on luck just to make profit through winning.We can call it luck based on trust and wise choices, not gambling luck. This luck can be completely mastered when we are willing to spend time learning about BTC and this market. I believe that many people can still be lucky if they believe that BTC can reach $1M in the future!
No doubt Bitcoin will reach that price range but that only question here is when though we are hoping that it will happen this year or next year but maybe we are getting more or less than that so yeah the only way we can prepare for that speculation is to hodl hodl and hodl.
I'm not good at timing and the market is very positive, we just need to follow the market development and the price increase of BTC and many other tokens. I hope that BTC will reach $150K but I will also be ready to start selling my crypto assets in 2025 when the market shows clear signs of a reversal.
I want to know your opinion on the success of BTC holders:1. In my opinion, the decision to trust and invest in and then hold BTC for the long term in order to make a profit is extremely difficult, carries many risks, and makes holders struggle, especially during the crypto winter and endure a lot of ridicule from others. Therefore, the profit for BTC holders is extremely well-deserved, and comes from a huge effort.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
I want to know your opinion on the success of BTC holders:No btc holders profit comes from luck only, risk must be taken here, investment must be made and then profit can be reaped. Now if I just sit on luck without investing, but profit will never be made. But whenever I take risk and invest, I get success. That's why I say BTC holders' profits don't come from luck. Yes I am definitely a BTC holder. Success helps me hold BTC. I will definitely hold onto my bitcoin until sir market until new ATH is created in the bitcoin market.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
I want to know your opinion on the success of BTC holders:1. How will I regard Bitcoin investment profits as luck whereby I make a move for it, I understand how the market works by knowing when to invest during the bearish and when to sell during the bull run.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
- When will you hold BTC until?
Making profit from bitcoin has gone beyond ordinary luck, we need to know what we are doing, conduct some level of research and as well take risk in making investment in it, this is not like gambling that we just expect luck to come in any way, am not assuming there's no luck as well in making investment in bitcoin, but things were not just done like that, we have to prepare and plan for them to make it all happen and profitable.
Received 1+karma for this great thread. The phrase of bitcoin is for everyone has been defeated. Bitcoin now is not for all but for the few privilege ones. One thing that is making the poor not to have access to the bitcoin network is the ordinals. When the transaction fee is very high, the following people can't have access to the network again. The poor, retail businesses, and other lower class persons. If really the transaction fee was very low as it was when bitcoin was created then bitcoin would have been the best currency in the world but for now the high transaction fee has spoiled everything that not everyone has the access to the network or purchase bitcoin again.Transaction fees using Bitcoin will become cheap when the volume of transactions on the blockchain decreases and that will make transactions loose and usually the fees required are only around $2 until $5 for each transaction.
That's yours mate but not ours as we all have our ow n beliefs and decisions ,if you don;t want to keep your bitcoin for long years then do so but we will remain HODLING like what those first adopters did and now seeing their product .There is no point in keeping Bitcoin away forever, it is best to plan and keep it away for a specific period of time. A Bitcoin holder has a plan for at least five to ten years and many prove themselves to be solid investors by holding out for shorter periods and longer periods. I am also a Bitcoin holder I myself have accumulated almost a lot of money buying Bitcoins. I intend to hold my bitcoins until at least 2032, from where I want to reap massive benefits.1.
- Is the profit of BTC holders just from luck?
Answer = no and will never be because we worked and spend for this and also risked so much .
2.
- Are you a BTC holder? What makes you keep believing and holding BTC?
Answer = Because I already made some good profit in this , and also this helps me have transactions in all parts of the world easily and safely.
3.
- When will you hold BTC until?
Answer = till Forever? exaggerating but true .
[/list]
Transaction fees using Bitcoin will become cheap when the volume of transactions on the blockchain decreases and that will make transactions loose and usually the fees required are only around $2 until $5 for each transaction.Then poor people will be edge out from using bitcoin because the transaction fee bitcoin will never go down if the transaction fee can only go down when the number of users of bitcoin have reduced in the Blockchain and that is not possible again because the transaction fee as of 2021 when I meant bitcoin is not the same again. No that we are saying the price of transaction fee is very low but as for me it is still high because it still up to $2-3 dollar but before it was $0.004
1. How will I regard Bitcoin investment profits as luck whereby I make a move for it, I understand how the market works by knowing when to invest during the bearish and when to sell during the bull run.
I can't know all this and still address my profits in bitcoin as being luck
2. I have heard of what it has done in the past ''making millions of people millionaires'' and it is still making millions of people millionaires up to date, you can add me as one of them soon(during the bull run).
3. Till 2025. Although I will sell some part of my bitcoin and hodl the rest until when I feel like selling again(that doesn't stop me from accumulating Bitcoin at a low price)
That's yours mate but not ours as we all have our ow n beliefs and decisions ,if you don;t want to keep your bitcoin for long years then do so but we will remain HODLING like what those first adopters did and now seeing their product .Yeah. We can't change someone's point of view, we can respect their point of view. Long-term holders of bitcoins win In the end, early holders of bitcoins have now received returns so high that it was beyond anyone's imagination at the time. Even at that time, many people sold their bitcoins after seeing the bitcoin correction, losing faith in bitcoin, but they took a long time to realize their expensive mistake. So many things are still being discussed. But believers like us keep bitcoins in their wallet.
I respect yours and so respect outs also .
1. I would not call it luck, there are so many crypto events that cause the price of BTC to rise or fall and this is what makes people make profit or lose. I.e. spot etf's were approved earlier this year and we saw the influence it had on the price BTC, we are also aware of how the halving affects the price too. As long as there is demand for BTC, there is always an opportunity to earn returns if you are patient.
- Is the profit of BTC holders just from luck?
- Are you a BTC holder? What makes you keep believing and holding BTC?
No it is always a choice not because you are one of the early bird you're the only one who's going to profit, even those who comes in 5 or seven years later have made huge profit its always about making the right choice by proper analysis.
I want to know your opinion on the success of BTC holders:
- Is the profit of BTC holders just from luck?
If you are aware on what's going on the community and how fast the adoption is you will beleive and continue to invest and hold BTC
- Are you a BTC holder? What makes you keep believing and holding BTC?
All my life I dedicated to holding Bitcoin and will allocate as inheritance to all my children because Bitcoin will continue beyond my lifetime.
- When will you hold BTC until?
There can only be one thing luck, if you collect satoshi by performing some actions within a few seconds a day and do this for several years and then you see that you have collected these satoshi for half a bitcoin) and this amount is already so large that you can buy yourself something expensive))That's right, this method can be said to be saving at any price, buying bitcoin on a small scale, doing it every day using a small amount of capital is enough. After a year goes by, it won't feel like you've collected a lot of bitcoin and you're getting a lot.
That's right, this method can be said to be saving at any price, buying bitcoin on a small scale, doing it every day using a small amount of capital is enough. After a year goes by, it won't feel like you've collected a lot of bitcoin and you're getting a lot.It can work but it won't result in high profits. That's why many people prefer to hold a long time, they can get big profits. Sure, if we hold many Bitcoin, we can assume to get enough profits. But to hold many Bitcoin, it requires a lot of funds, common people can't do it. I think only rich people can this, they can buy Bitcoin as many as possible.
Transaction fees using Bitcoin will become cheap when the volume of transactions on the blockchain decreases and that will make transactions loose and usually the fees required are only around $2 until $5 for each transaction.Yes, the fees can be cheaper if the transaction number is decreasing. Unfortunately, we are heading the Bitcoin halving, the number of transactions must be increasing a lot. I think we may have no chance if we want to wait for the transfer fees around $2, I mostly send around $5-$6. I think it is already a bit cheap transfer fees.
Yes, the fees can be cheaper if the transaction number is decreasing. Unfortunately, we are heading the Bitcoin halving, the number of transactions must be increasing a lot. I think we may have no chance if we want to wait for the transfer fees around $2, I mostly send around $5-$6. I think it is already a bit cheap transfer fees.
There can only be one thing luck, if you collect satoshi by performing some actions within a few seconds a day and do this for several years and then you see that you have collected these satoshi for half a bitcoin) and this amount is already so large that you can buy yourself something expensive))That's right, this method can be said to be saving at any price, buying bitcoin on a small scale, doing it every day using a small amount of capital is enough. After a year goes by, it won't feel like you've collected a lot of bitcoin and you're getting a lot.
This is a good accumulation strategy, on Binance there is such an accumulation and multiplication function, I don’t remember what it’s called, but the point is to keep money in some kind of cryptocurrency, you can in Bitcoin and constantly add new bitcoins, you can buy them and the exchange will multiply them.I think the feature you are talking about is Binance Staking by holding and storing assets to earn profits. From the information I read on the website, the coin choices provided are 1INCH, BUSD, BAL, BTC, ETH, and USDT. In this way, you can at least get passive income without having to trade and the bigger the capital you use, the bigger the results you get.
This is a good accumulation strategy, on Binance there is such an accumulation and multiplication function, I don’t remember what it’s called, but the point is to keep money in some kind of cryptocurrency, you can in Bitcoin and constantly add new bitcoins, you can buy them and the exchange will multiply them.I think the feature you are talking about is Binance Staking by holding and storing assets to earn profits. From the information I read on the website, the coin choices provided are 1INCH, BUSD, BAL, BTC, ETH, and USDT. In this way, you can at least get passive income without having to trade and the bigger the capital you use, the bigger the results you get.
Source : https://www.binance.com/en/feed/post/1197765
Yes, perhaps for small investors like us, seeing the transaction costs that will be incurred is not easy, especially if the transactions are very busy which makes the transaction costs even greater. This is a dilemma for some people.Transaction fees using Bitcoin will become cheap when the volume of transactions on the blockchain decreases and that will make transactions loose and usually the fees required are only around $2 until $5 for each transaction.Yes, the fees can be cheaper if the transaction number is decreasing. Unfortunately, we are heading the Bitcoin halving, the number of transactions must be increasing a lot. I think we may have no chance if we want to wait for the transfer fees around $2, I mostly send around $5-$6. I think it is already a bit cheap transfer fees.
There can only be one thing luck, if you collect satoshi by performing some actions within a few seconds a day and do this for several years and then you see that you have collected these satoshi for half a bitcoin) and this amount is already so large that you can buy yourself something expensive))I don't call this effort luck, it's strong faith, great perseverance and that person deserves to get all the profit from what he has done for many years. If there is something called luck, he is lucky because he kept believing in BTC over the years to persevere in accumulating every satoshi to reach 0.5 BTC worth about 35K USD today, which is a great asset for many people. Everyone wants to be "lucky" like that, but the majority refuse to DCA BTC right now with a portion of their income in 6-10 years to get a big profit when BTC will reach 1M USD in the future.
Yes, perhaps for small investors like us, seeing the transaction costs that will be incurred is not easy, especially if the transactions are very busy which makes the transaction costs even greater. This is a dilemma for some people.Transaction fees are a part of the network and they help keep miners motivated to work. In the 2017 BTC and BCH hardfork event, we learned that the Bitcoin community chose a 1MB block size instead of 32MB to ensure miner revenue, thereby protecting the Bitcoin network. Therefore, we can see transaction fees of around a few USD as a feature rather than a limitation of the network.
Of course, towards the halving, transaction traffic will become increasingly dense, and we can see how recently we have had to pay very expensive fees when we want to make transactions.
I mean the section (Dual Savings: Betting on Price Movements) is when you hold 2 different assets there and essentially Binance trades them in turn, you can read in more detail better there, but I think I got the point across and I think that this is the method the safest of the most profitable.Yes, coin manipulation on the Binance exchange is sometimes easy to read, but you need to know that when you want to buy coins, you have to be careful because there are lots of coins listed on the Binance exchange, you have to analyze more deeply before entering and buying the coin of your choice. If only two coins so I prefer Bitcoin and Ethereum for long-term storage on the Binance exchange.
It can work but it won't result in high profits. That's why many people prefer to hold a long time, they can get big profits. Sure, if we hold many Bitcoin, we can assume to get enough profits. But to hold many Bitcoin, it requires a lot of funds, common people can't do it. I think only rich people can this, they can buy Bitcoin as many as possible.
~When you plan to hold bitcoin again for the two halving periods, it is a very good plan, as much as possible, to store it in a secure hardware wallet or third-party wallet. Because if you save it at an exchange place, it is not certain that the exchange place will last for two halving seasons as you planned.
Question one answer already given. Now 2nd answer is yes I am bitcoin holder and bitcoin itself make me believe on it. It market from 2009 to now every year it market value make forced to me believe on it. And I am planing for more two halving period holding bitcoin.
When you plan to hold Bitcoin again for the two halving periods, it is a very good plan, as much as possible, to store it in a secure hardware wallet or third-party wallet. Because if you save it at an exchange place, it is not certain that the exchange place will last for two halving seasons as you planned.I actually understood why you asked to use hardware wallet and I myself know the importance of hardware wallet for fund holding. But the problem is that cryptocurrency is currently illegal in the country where I live and all the devices associated with it are currently banned in our country, so I can't think of importing a hardware wallet from abroad. Because many people have to go to jail for connected with cryptocurrency.
What about miners? They have earn money, bought hardware and now spending money every day (electricity cost) to get bitcoin and sell it. If they have been minimum for a long period and has paid off hardware cost, then whenever the price of Bitcoin is, they get profit. Will you also call it luck? Or was they lucky that they have spend money and bought hardware to mine? Anyone could have done it. Anyone can do it right now. You dont have to be lucky to go and buy GPU or miner and start getting profit.Some miners entered the market very early before 2010. I also think they were very lucky to know about BTC and try to mine some BTC. Anyway, they have become a part of BTC history.
We need to transact when the transaction fee is as it is. I traded bitcoins with a maximum transaction fee of $30, at that time I really needed to trade. Now transaction fees have come down a lot but for a while Bitcoin transaction fees were at abnormal levels. I don't know the exact information on what transaction fee increases. Many people say that when the price of Bitcoin increases, transaction fees increase, and many say that when the price of Bitcoin decreases, transaction fees decrease, but I have yet to find the truth. There may be specific reasons behind the rise in Bitcoin transaction fees.Transaction fees using Bitcoin will become cheap when the volume of transactions on the blockchain decreases and that will make transactions loose and usually the fees required are only around $2 until $5 for each transaction.Yes, the fees can be cheaper if the transaction number is decreasing. Unfortunately, we are heading the Bitcoin halving, the number of transactions must be increasing a lot. I think we may have no chance if we want to wait for the transfer fees around $2, I mostly send around $5-$6. I think it is already a bit cheap transfer fees.
Investing in Bitcoin is certainly possible to reap the most benefits. Because it has been faithfully in the market for a long time, the more you invest, the more you reap the benefits. So, the sooner you invest in Bitcoin, the sooner you will reap the benefits. Because you keep buying in the deep market, the price of Bitcoin will certainly increase in 2025 when you will get the most benefit.In the long term, investing in BTC is a pretty good decision: it is safe enough compared to altcoins and still has better returns than traditional assets like gold, stocks or real estate. But I think at each point in time, investors need to make decisions rationally and continue to have strong faith in the future of BTC instead of doubting and selling BTC as soon as they make a little profit or start losing 70-80%. I don't think it's an easy job or based on luck!