Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: SmartGold01 on January 21, 2024, 06:22:18 PM
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
The question in the title is slightly different from the content of the topic, I'm a bit confused.
First of all, I will answer the question in the title: I always think about both opportunity and risk in every trade, meaning that every investment can generate profits or losses. As long as they are within my investment appetite, I will participate. I use the DCA strategy during the crypto winter so the risk of BTC continuing to drop 20-30% is not too scary, a small amount per week and long-term expectations make me able to take more risks than others.
The second: I never dare to give investment advice to others. We have different capital sources, risk tolerance and profit tolerance, we should not be responsible for the financial status of others. When they are profitable: they rarely thank us. When they suffer losses: they often find ways to blame ::)
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anyone today does have an idea what investment are and they know the are risking money just as about gambling. you as an investors have to be too naive to completely believe your investment will double in a time that you expect. there is always a chance of loss especially if its very untimely in the bear market.
but in 2024 as a halving year, i think everyone today does have an idea what will happen to the price when halving occurs. the price will definitely rise up and we may have no idea yet which is the ATH.
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Actually for every one have take decision for trading or investing in bitcoin have already for risk in the future, many trader have understood well with risk by investing in bitcoin or cryptocurrency. Not only promising much profitable but also trading in cryptocurrency give us chance to face risk when price suddenly dump, I don't think any one here have invested their assets in cryptocurrency don't know with risk from their investment.
But difference with this time investing assets in cryptocurrency, few months left with halving they have optimistic with bitcoin and altcoin price will pump and doubt any risk when good moment for bitcoin before halving.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
People who invest in cryptocurrency platforms I think have a lot of experience about investing. No one ever comes to invest in cryptocurrency without experience about investing. But everyone including me keeps investing to double his money. All investors hope to double their money by investing there but those who can hold successfully will definitely double their investment. I think it is better to gain knowledge by holding Bitcoin than to gain knowledge about investing by holding unique cryptocurrencies. Because while you can lose money on unique cryptocurrencies, you will not likely lose money on Bitcoin investment.
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So what should I tell those who are going to invest in bitcoin about bitcoin volatility?
I think it's not our responsibility, let them learn by themselves with this because if explained briefly they will not understand especially to start investing in bitcoin, anyways now many articles that provide basic learning about bitcoin.
Then why should we be responsible? It's their decision to invest in bitcoin or crypto, don't be clear don't direct them to invest because by us alone then it's clearly wrong, let them choose for themselves and we will only realize that investing in bitcoin is risky.
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There is something that I have learned since I discovered this whole world, which was in 2017. I think that I discovered Bitcoin very late, but it was enough to determine that things were very interesting and that whoever has enough money has a savings for their entire life, I am able to put my hands in the fire for Bitcoin, because I know that it is the path of the action or cryptocurrency that is much stronger than there is, in terms of this, investing in bitcoin is investing in our future, it is believing in what we want It is loving ourselves and that is something we will always have to keep in mind.
When we are investing in bitcoin, we have to be clear that we must wait a long time to see Benefits , the longer it takes, the more interesting the crypto asset becomes because it grows more, then this is something that is worth it, when we see any other altcoin has some future and it is good to study it and it is up to us to decide if we want to buy it but for sure with a closed eye , I will always say that the best investment of all is bitcoin.
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For any investor who has in mind to invest in bitcoin or has already invested in bitcoin must have in mind to accept the risk that comes with it. I find it funny how people invest in bitcoin without knowing about the risk involved. Their mind is just to invest and make huge money within a short term, forgetting that the crypto market is unpredictable. The bitcoin price can decrease from a high amount to a low amount within a day.
At times, I don't blame those who have such a mentality. Do you know why? Because they are not properly educated on the basics of bitcoin by the people that told them about Bitcoin investment of what should expect and what shouldn't expect from bitcoin investment.
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I agree with you, mate. Not very long ago, I read the comments of a Bitcoiner who said that "Bitcoin is not a get rich quick scheme, nor is it a get poor quick scheme." It is the duty of every individual to properly learn and understand Bitcoin before they can make a successful investment that can yield a profit for them.
Some people have actually invested in Bitcoin because their friends ask them to do so or because they want to make quick earnings, not knowing that Bitcoin investment really requires patience.
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Bitcoin is not a money doubling scheme and it is not possible to just double your money overnight, it moves in an organic way and returns on investment is usually in the long term. Patience is so important when you decide to buy BTC, if you aren’t ready to hold it for the long term, the chances of selling at a loss is very high.
About telling people about BTC, it is very important to be careful on how you give investment advice to people, you can tell them about how BTC is a censorship resistant and permissionless network, but never tell someone to invest in BTC, let them make that decision themselves.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment.
is there really a mindset like this in our time now? i thought everyone understand that this is not a thing in crypto investing?
we need to wait and risk before taking our profit even when in Bull market buying.
So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Before entering this market you should know what you are getting in because the volatility of Bitcoin and this market is truly high and hard to accept if you don't expect sideways.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Why should you take responsibility for other people's decisions? Did you lead them to this? If this is the case, then I strongly recommend that you reconsider your position in life in this regard. You will be responsible for people losing their money. Do you need it? I don't think so. Be responsible only for your investments and do not give any recommendations to other people in terms of investments. It will be much better for you.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Your words have considerable validity. There are many people who do not know very well about the currency. Due to their little knowledge, if they see a sudden increase in the price of Bitcoin, they immediately rush to invest here hoping to make a good profit. But it is more likely that they may suffer from this because of their little knowledge. So before investing one should invest with the advice of the experts which will take a step forward to avoid losses.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Absolutely right, Bitcoin is not a fake token or ponzi scheme which offer guaranteed profit. It's working just like other assets such as Gold,metal and other precious assets. The priority to invest in btc is due to it's decentralization and high volatility then other assets. We don't what will happen in the next hours. our portfolio can grow 10% in just 1 hours or could dump down.
I think BTC and it's working system is now become clear as the sun. Stock market and other trading opportunity also poses risk and I believe that BTC is low risk coin but if we want to double our money in 2 days then yes isbis totally misguidance.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
I still remember last year bullrun when one guy was crying furiously for investing all his money into Shiba and then the crash hit him badly, he lost more than 93% of his investment in a quick flash and was just crying on how to recover his money. This is a lesson learn for everyone that want to buy bitcoin without understanding anything about bitcoin. It's not doubling scheme where you can put money over night and expect to see huge return, it's a slow process.
The only way I think it's save to mitigate this risk is buying when everyone where shouting that Bitcoin was going back to $3k and $4k level, buy and keep your bitcoin, it will pumped back just the way it's now sitting on the highs of $40k. The Microstrategy and other institutional investors are here with billions in bitcoin, they will protect their investment and that's indirectly protecting yours as well.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Bitcoin does not work way but once they noticed that the way Bitcoin is operating is different that you can not just invest and start making profits out of it. It requires patience and the person investing truly needs to understand how Bitcoin work. The problem now is that some people are blocked headed and even if you explain to them the nature of bitcoin they will still want to invest and when situations come to worst then they will start looking for who to blame about their loss and during explanation about the whole bitcoin thing they did not care untill when they lose money.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
It depends on their knowledge and experience about bitcoin.
If they are new bie, they want to gain profit fastly and instantly.
Bitcoin or altcoin isn't become quickly.
We should learn about bitcoin, character and season.
For now, everyone wait bitcoin halving and they will hold until bullish season.
we must know the risk in bitcoin before investment.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment.
I think It's bad mindset, if they want to instantly double their money.
Investment is doing the right time to buy and sell.
It needs time to do, it could take a long time to hold when the market goes down.
Patient is virtue, not instantly.
Invest in crypto is not gambling, it need good analysis and experience.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
It is always.
Whether it's for me personally or for people who share with me, when we want to invest in Bitcoin, we will definitely also consider the risks. This is not only about the profits that may occur, but also the risks that will definitely be faced. Because after all, nothing is 100% safe here. There are many possibilities that make us possibly end up tragically for us. Therefore, we must be prepared for all the risks and take several steps to at least minimize or avoid dealing directly with these risks.
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Whether it's for me personally or for people who share with me, when we want to invest in Bitcoin, we will definitely also consider the risks. This is not only about the profits that may occur, but also the risks that will definitely be faced.
Invest in crypto isn't easy.
Not just buy and sell but we should learn the coins and market trend.
I have seen many people that come to crypto think to gain profit instantly and didn't think about the risk.
Risk will always be there.
As we know, at this time bitcoi price seems stuck at 40K USD before bitcoin halving and after ETF launched.
It's manipulative or just a market correction.
We should think it...
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Unfortunately, in one way or another, 99% of the reasons for using cryptocurrencies are related to economic aspects, whether it is a person who wants to double his money, to invest in the future, or a person who believes that his country’s currency is declining sharply and inflation is making it worthless. These main reasons for purchasing are more than reasons such as privacy, ease of conducting transactions, being cheap, instant, and can be used to transfer money across the world easily.
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It is natural that every investment will have risk but the amount of risk can be none or more. However, one of the main conditions of investment is to bear risk, if you do not have the ability to bear risk, you should refrain from investing. The biggest caveat in investing in Bitcoin is that investing here can certainly expose you to any major losses at any time due to market volatility. Of course, no one should invest in Bitcoin unless they are prepared to take the risk here. Investing in Bitcoin is a business, in this business any unexpected events can happen at any time. There should be advance preparation about the strategies to bear these risks.
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Everyone who wants to invest in Bitcoin or any asset must understand the risks of the assets they invest in. Because knowing the risks of investment assets is basic knowledge that investors must have to be able to prevent potential losses and their risk tolerance for these assets.
Especially when investing in Bitcoin, an investor must understand that Bitcoin is an asset that tends to be volatile and at any time one's investment in it can decline. When someone invests in Bitcoin and does not understand this risk, it is certain that that person will experience losses due to their lack of knowledge of the risks. And because of this, it is very important for a Bitcoin investor to understand the risks of investing in Bitcoin.
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It is natural that every investment will have risk but the amount of risk can be none or more. However, one of the main conditions of investment is to bear risk, if you do not have the ability to bear risk, you should refrain from investing. The biggest caveat in investing in Bitcoin is that investing here can certainly expose you to any major losses at any time due to market volatility. Of course, no one should invest in Bitcoin unless they are prepared to take the risk here. Investing in Bitcoin is a business, in this business any unexpected events can happen at any time. There should be advance preparation about the strategies to bear these risks.
You are correct so to me it's better to teach people about the risk aspect before finally asking them to invest in bitcoin knowing that this could stir up many suspicious among the person who brought someone into investing in bitcoin, normally people always thinks of positive side of investment without knowing that something very bad could happened with their investment which might results to lost because at some point they couldn't bear the risk anymore. Just take for instance bitcoin price is falling back heavily and someone happens to invest at $48k from what i look into we have lost about $10k meaning that bitcoin is in $38k price now and people needs to be aware on how this happens before finally taking bold steps to venture into the investment.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Most of those people are afraid of missing out on investing early, not knowing there is nothing like investing late.
FOMO is the main reason why most people who are just introduced to Bitcoin skip learning first and jump into the investment thinking that they will make quick money because most people think that it is get rich quick scheme, which is wrong and the main reason why they always fall victims of scam due to greed.
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Every business has risk for loosing any time but we have to decide how we may minimize our investment risk. Cryptocurrency is always risky but we can earn lots of money from crypto market. For this we have to decide when or which price we buy any currency and how long we hold this currency to earn. There are lots of reason for bitcoin price dumping and then we have to decide for buying bitcoin and there are lots of reason for bitcoin price pumping and when the price of bitcoin pump the we have to sell this. Some times we have to setup our mind that the price may not pump at long time and we may have in the looser position. But i think that we may have hold long time for gain in the btc but i think no more other risk in the bitcoin.
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Yes many people are in the crypto world to increase their financial status and thinking that bitcoin is a get quick money making machine. And only for them to realize that bitcoin can't or is not a get quick rich investment. And if you want to tell someone about bitcoin and to invest in it, the first thing you should tell the person should be the basic knowledge of bitcoin and before investing for the person.
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Yes many people are in the crypto world to increase their financial status and thinking that bitcoin is a get quick money making machine. And only for them to realize that bitcoin can't or is not a get quick rich investment. And if you want to tell someone about bitcoin and to invest in it, the first thing you should tell the person should be the basic knowledge of bitcoin and before investing for the person.
Bitcoin is not quick investment to be rich.
If need along time , if we want get success.
We should know about the risk of bitcoin investment.
not just buy, hold and rich.
Not as simple as ...
We should have experience, learn the coins and the market.
The risk when the market goes down, we must keep patient and wait..
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Why should you take responsibility for other people's decisions? Did you lead them to this? If this is the case, then I strongly recommend that you reconsider your position in life in this regard. You will be responsible for people losing their money. Do you need it? I don't think so. Be responsible only for your investments and do not give any recommendations to other people in terms of investments. It will be much better for you.
Always take responsibility for your own investment, never take responsibility for someone else's investment. Because if you can analyze the market and make your own investment as per your own responsibility then no one will blame you if you lose in that investment and you can't blame anyone but whenever you recommend another person to invest and as you say. If the person invests and if he suffers from that investment, he will blame you for the rest of his life. So one should never take the blame of others on oneself, it is always better to remain innocent.
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I have experienced with hype or ponzi investment and I know what risk have acceptable later with investment of ponzi will be scam and loss our fund, I think the same risk when investing in bitcoin and I am ready accepted risk after investing then bitcoin going to lower price.
I believe many investors have accepted with the risk when investing their money in bitcoin, not all investment in bitcoin promising with profitable but have moment bitcoin price going drop and more patience waiting price recovery. If loss patience have accepted with risk of bitcoin investment assets increasing down.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
The reason is not because they are inexperienced, but I see it as interesting to see how they see it. It makes them reveal themselves that they are new to the crypto and make their decisions with their investments based on the stories they hear from other people. It is important to know that making a profit from Bitcoin investments is not easy.
It is important to educate newbies about cryptocurrency investment before we can suggest them to invest. Cryptocurrency investment is not as simple as buying low and selling. There are different factors we need to consider when investing. If they don't, they will likely lose their investment. That's why it is important to ensure that they are well-informed before investing.
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I agree with you, mate. Not very long ago, I read the comments of a Bitcoiner who said that "Bitcoin is not a get rich quick scheme, nor is it a get poor quick scheme." It is the duty of every individual to properly learn and understand Bitcoin before they can make a successful investment that can yield a profit for them.
Some people have actually invested in Bitcoin because their friends ask them to do so or because they want to make quick earnings, not knowing that Bitcoin investment really requires patience.
Some people are interested because of the fable that is being told to them by their friends, I remember one time I was with my friends on a guy's get together and there was this particular friend of mine that keep bragging of how he made thousands of dollars during the last bull run and at that time I wasn't really acquainted with the crypto space and it made me wonder how true and possible is this but unlike like most people I had the leverage to actually go make more research before ever getting myself involved in something I don't really understand.
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Some people are interested because of the fable that is being told to them by their friends, I remember one time I was with my friends on a guy's get together and there was this particular friend of mine that keep bragging of how he made thousands of dollars during the last bull run and at that time I wasn't really acquainted with the crypto space and it made me wonder how true and possible is this but unlike like most people I had the leverage to actually go make more research before ever getting myself involved in something I don't really understand.
The truth is it is very easy to get money, profit during a cryptocurrency market bull run. You can get profit with Bitcoin, Ethereum, top altcoins, hidden gems and even shit coins. It is a common story you will hear, like one you was told by your friend.
Another truth which is hidden and less likely told, is you will also easily lose all your profit and even initial capital when a bull run ends and you did not exit the market at a right time. By continue to hope that market will be different this time, shitcoins will continue to multiply their prices, you will bet more, don't stop your greed.
Eventually you lose all around the end of bull market and some early months of bear market.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
There are many investors who are ready to invest as soon as they know about high return. Many have heard the name of Bitcoin and know that it is a get rich scheme. They don't know what Bitcoin is, how to invest or what it takes to invest, so they just try to do money management, which spells a big disaster later. Because they keep their investments in a highly bullish market without knowing about the market, when the market starts to bearish, they get more frustrated and sell their assets at lower prices to reduce their losses. Before investing, an investor must know the market conditions and gain proper knowledge about the risks involved.
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There are many investors who are ready to invest as soon as they know about high return. Many have heard the name of Bitcoin and know that it is a get rich scheme. They don't know what Bitcoin is, how to invest or what it takes to invest, so they just try to do money management, which spells a big disaster later. Because they keep their investments in a highly bullish market without knowing about the market, when the market starts to bearish, they get more frustrated and sell their assets at lower prices to reduce their losses. Before investing, an investor must know the market conditions and gain proper knowledge about the risks involved.
Investors should not only look at the potential profits that can be obtained but should also look at the risk that the price movement of a cryptocurrency can never be predicted and, of course, has a high risk when the price suddenly falls to a low price and makes many people trapped at high prices. Digital currency like Bitcoin will only depend on electricity and the internet. Imagine going back to the past when there were lots of wars going on, then the electricity and internet went dead, and in the end you couldn't access your Bitcoin wallet, so that's one of the important things. when you want to invest in Bitcoin.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment.
One of the things that we must understand and prepare when we invest in Bitcoin is readiness for all risks. By knowing and understanding these risks, we will better understand what we should do.
These include:
- prepare the best possible mental analysis so that we can control our emotions and control them when our investment is not as we expected.
- Managing our finances when investing, make sure to use free money and an amount that we can afford to loose
- Make sure we understand other risks related to the security of our assets, so that we can be more careful in protecting our privacy
- Don't expect to get rich overnight, because if it's not appropriate, it will make us easily discouraged. Follow the flow, the era of Bitcoin will definitely exist. Hold them tight
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First of all, I will answer the question in the title: I always think about both opportunity and risk in every trade, meaning that every investment can generate profits or losses. As long as they are within my investment appetite, I will participate
You're right every investment will generate profit and loss.
We should always ready to accept the risk of bitcoin, before investment.
Investing is how to manage our money and reduce the loss.
Always focus to be the winner, could gain profit and good mental to manage emotions.
The second: I never dare to give investment advice to others. We have different capital sources, risk tolerance and profit tolerance, we should not be responsible for the financial status of others. When they are profitable: they rarely thank us. When they suffer losses: they often find ways to blame
Share our analyses and predictions are not blame.
But always say DWYOR.
Because there are people who blame when they lose and are silent when they make a profit.
It's human
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Some people are interested because of the fable that is being told to them by their friends, I remember one time I was with my friends on a guy's get together and there was this particular friend of mine that keep bragging of how he made thousands of dollars during the last bull run and at that time I wasn't really acquainted with the crypto space and it made me wonder how true and possible is this but unlike like most people I had the leverage to actually go make more research before ever getting myself involved in something I don't really understand.
It's not a smart decision to brag about your crypto earnings. I understand that your friend has not yet seen the unfortunate consequences of this. Well, yes, they haven't caught up with him yet, but that's fixable. If you were him, on the contrary, you should keep quiet about it and do your job quietly. There's no telling who might show up later and start extorting money through violence. There are enough such envious people and bandits to go around. Why life and examples of other people do not teach us anything? There are so many stories on the Internet about this, and he is talking like this.
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If you are not gonna accept the risk in Bitcoin before investment I think there is no reason for you to invest because it is a suicide if you keep on insisting. Knowledge is needed with your own due deligence to really understand how things work in crypto space. We all know that there is no shortcut in making profits with Bitcoin investments so you might need to have technical or even basic skills and ideas about anything you are trying to invest into especially Bitcoin.
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Of course, I had already invested before I knew about bitcoin. At the beginning I didn't really know what it was but I knew that it was quite volatile and as such it can give you a lot of profit but it can also go down a lot and fast. In the end I realised that, as in the stock market, the best investment in bitcoin is slow and boring, buying regularly as far as you can afford and forgetting as far as possible about the ups and downs of the market.
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Of course, I had already invested before I knew about bitcoin. At the beginning I didn't really know what it was but I knew that it was quite volatile and as such it can give you a lot of profit but it can also go down a lot and fast. In the end I realised that, as in the stock market, the best investment in bitcoin is slow and boring, buying regularly as far as you can afford and forgetting as far as possible about the ups and downs of the market.
You're right, invest in bitcoin if we want to gain big profit needs a long time to do.
Buy and always buy when bitcoin price still low.
And hold for 3-4 years.
It's annoying but worth.
Before I invested in bitcoin at the past, I learn more . It seems fluctuate, But bitcoin can give us a lot profit.
We know, bitcoin always have halving and touch bullish every 4 years.
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Of course, I had already invested before I knew about bitcoin. At the beginning I didn't really know what it was but I knew that it was quite volatile and as such it can give you a lot of profit but it can also go down a lot and fast. In the end I realised that, as in the stock market, the best investment in bitcoin is slow and boring, buying regularly as far as you can afford and forgetting as far as possible about the ups and downs of the market.
You're right, invest in bitcoin if we want to gain big profit needs a long time to do.
Buy and always buy when bitcoin price still low.
And hold for 3-4 years.
It's annoying but worth.
Before I invested in bitcoin at the past, I learn more . It seems fluctuate, But bitcoin can give us a lot profit.
We know, bitcoin always have halving and touch bullish every 4 years.
Long time investment is the best way to profit big when investing in bitcoin. Buying at every dip and accumulating bitcoin to hold for about 3-4 years and more can be somewhat profitable and less risky than short time investments.
It has not been too long I started investing in bitcoin though it is long I know about bitcoin and cryptocurrency but situation in my country wouldn’t let you trust any online investment. I hesitated because I don’t have the required knowledge to understand it’s concept at that time but i am glad it is never too late to invest. I am adopting DCA strategy and accumulating gradually.
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Long time investment is the best way to profit big when investing in bitcoin. Buying at every dip and accumulating bitcoin to hold for about 3-4 years and more can be somewhat profitable and less risky than short time investments.
~snip~
I think hold bitcoin for long term investment, it's the best way to gain profit. Yeah , 3-4 years we should hold bitcoin. But when bearish and hold until bullish season.
It's no risk, but we should know about risk before investment.
Do research and know the risk.
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Long time investment is the best way to profit big when investing in bitcoin. Buying at every dip and accumulating bitcoin to hold for about 3-4 years and more can be somewhat profitable and less risky than short time investments.
~snip~
I think hold bitcoin for long term investment, it's the best way to gain profit. Yeah , 3-4 years we should hold bitcoin. But when bearish and hold until bullish season.
It's no risk, but we should know about risk before investment.
Do research and know the risk.
Yes as knowledge may calm us down in every events crypto have especially bearish and bullrun season, it will protect us from making wrong decisions. Knowing the risks surrounding the Bitcoin and crypto investment is a must to reduce the possibility of being broke. It is true that long term investment offers less stress than short term.
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If you are not gonna accept the risk in Bitcoin before investment I think there is no reason for you to invest because it is a suicide if you keep on insisting. Knowledge is needed with your own due deligence to really understand how things work in crypto space. We all know that there is no shortcut in making profits with Bitcoin investments so you might need to have technical or even basic skills and ideas about anything you are trying to invest into especially Bitcoin.
The price of Bitcoin has very high fluctuations, this is the basis that we must know and learn before we invest in Bitcoin.
I think a real investor must learn this, especially since they usually enter large amounts.
And it's true that this is not easy to do, it will take a long time before we can do research or analysis and find brilliant ideas to get bigger profits from this Bitcoin investment.
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This is the problem every rookie faces who comes into Bitcoin investment without gaining the proper knowledge first. All they want is money and how they can double or triple their money in a short time. All they see is the positive news from so-called influencer traders online and how they are making money by investing in BTC and they think they can do the same.
It's all about how they get to know about certain things. Those influencers only show them the good part and they fall for it. It is so important to know everything by doing own research and learn everything about it. Everyone is here for their own advantage.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
When an investor loses money by investing on the advice of others, the investor must blame by that person. Moreover, Bitcoin investment is definitely riskier than any other investment. I think if one is encouraging another investor to make an investment then one should provide proper knowledge. Not only that, here an investor should also take a decision considering the risk factors after gaining proper knowledge. It can also have a big negative effect on those who think of Bitcoin as a quick scheme. However, for those who will act as long-term Bitcoin holders, investing in Bitcoin is definitely a great opportunity.
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To limit the risk of investing in bitcoin, you should invest in a long term, so that you can be able to benefit from the bitcoin when the price reaches a new ATH. Short term holders are the ones that are involved in the high risk of bitcoin volatility, because they will not be able to be patient with themselves because they are looking for quick profit, and when the market goes against their will, they will panic and sell. Anyone that I am introducing Bitcoin to, I only tell them to invest in a long term, and if they don't listen to me, I will not be blamed on whatever happens to their bitcoin investment.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Its a wise thinking
Its a wise move
Its a wise behavior
On the time that you had stepped your foot into this market then you should really be making out those kind of realizations on which it is really that something that you would
be having in mind so that you wont really be ending up with those kind of wishful thinking about making money on this market is easy. Once that reality would slap into your face
then this is where you would really be making out such learning. Accepting the risks is really that recommended as always because once you do have these kind of realizations
then you would really be finding yourself to be that have that kind of careful on making on decisions on which or this is why you would be making up yourself
do things which are realistic and not being impulsive.
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To limit the risk of investing in bitcoin, you should invest in a long term, so that you can be able to benefit from the bitcoin when the price reaches a new ATH. Short term holders are the ones that are involved in the high risk of bitcoin volatility, because they will not be able to be patient with themselves because they are looking for quick profit, and when the market goes against their will, they will panic and sell. Anyone that I am introducing Bitcoin to, I only tell them to invest in a long term, and if they don't listen to me, I will not be blamed on whatever happens to their bitcoin investment.
Bitcoin is always good for long term investment, but you must buy when bearish.
Many rich man buy bitcoin in huge amount at the several years and hold until now. They believe bitcoin price will more expensive at the coming future. It's proven.
If we want invest for short term, we can buy top altcoin, such as Solana, BNB, DOT and MATIC
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Bitcoin is a digital currency whose price fluctuates daily so no one can tell when it will rise and fall but those who trade regularly and have a vast experience in trading and who can do market analysis can predict to some extent when Bitcoin will rise. How much can the price change? But there is no guarantee that those predictions will work correctly. So if you want to invest in any cryptocurrency coin including Bitcoin then you must take risk. You won't find risk free investment opportunities in cryptocurrency.
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Bitcoin is a digital currency whose price fluctuates daily so no one can tell when it will rise and fall but those who trade regularly and have a vast experience in trading and who can do market analysis can predict to some extent when Bitcoin will rise. How much can the price change? But there is no guarantee that those predictions will work correctly. So if you want to invest in any cryptocurrency coin including Bitcoin then you must take risk. You won't find risk free investment opportunities in cryptocurrency.
No one can predict bitcoin price accurately, Bitcoin is very fluctuate. The basic factor of the price are demand and supply. The price bitcoin cannot be controlled, it's the reason why whales prefer invest in bitcoin , because they can gain big profit when pump. By seeing this condition, we should know the risk before investing.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
I think this happens to the new commer on trading specially who thought that it a quick rich scheme. I have also face loss to my trading in the beginning time for this reason and also I invested on a alt-coin.
But for bitcoin invest if anyone wanna start short-term trading and thinks that they will invest today and the investment or profit will be double then they are in a wrong. Bitcoin has also the risks those all are in alt-coin. But it guaranted it will not scam. Bitcoin has riskses but for long-term investment choose I don't see any other coin rather that bitcoin.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
I can't agree more with you because I know how it would feel if you telling people about the good side of something and ignoring to tell the bad side and at the end they see the bad side, at that moment they will blame you so it is better for you that you start the teaching journey from the bad side first. I always tell the bad side and then start telling the good side of cryptocurrency and my first bad side factor is volatility and being responsible for our mistakes if we lose our money.
I am into crypto and my family knows that when some member wants to know about crypto while he/she has no interest at all, and wants to waste time, I only tell them about the bad side and don't even motivate them to think about BTC (but note that, I do this rarely). Well, the point is, we should not tell people about the good sides only because if we are guiding someone then it's our responsibility to guide them fully. And I always use the term DYOR before investing so I kinda keep safe myself even if my follower is making profit or loss, I don't try to take the credit.
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No one can predict bitcoin price accurately, Bitcoin is very fluctuate. The basic factor of the price are demand and supply. The price bitcoin cannot be controlled, it's the reason why whales prefer invest in bitcoin , because they can gain big profit when pump. By seeing this condition, we should know the risk before investing.
I think whales choose BTC because they believe in the potential of BTC, or to be more precise: they believe that BTC is a long-term bullish asset, because BTC continuously creates ATH over many cycles, which most tokens cannot do. BTC is the leader of the crypto market, an investment in BTC is considered the safest even in a downtrend, it is not divided dozens or hundreds of times like altcoins.
However, we still have to be cautious because the market has both opportunities and risks. We want profits but also need to accept losses. Stop losses are necessary for every investment decision.
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I think this happens to the new commer on trading specially who thought that it a quick rich scheme. I have also face loss to my trading in the beginning time for this reason and also I invested on a alt-coin.
But for bitcoin invest if anyone wanna start short-term trading and thinks that they will invest today and the investment or profit will be double then they are in a wrong. Bitcoin has also the risks those all are in alt-coin. But it guaranted it will not scam. Bitcoin has riskses but for long-term investment choose I don't see any other coin rather that bitcoin.
Every one ever lost in their investment, me too. Several time have lost. But experience is so expensive, we should learn cause of our mistakes. That's nature in crypto space. Bitcoin is good for short trading, but I think It's better for hold , if we want to hold for long term. But it depends on our decision and capacity. I have used several altcoins for my trading coins.
I agree with you, bitcoin is better for long term than other coins.
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When you are a long term investor, there isn't really that much of a risk to talk about. I agree that its going to be a risk if you ever need the money, but that doesn't mean that you are going to end up with anything at all. I hope that we could get to a point where we could end up with bigger and bigger prices so everyone makes money, but in bear periods when you need money that is the risk. So invest money that you won't need, that would be the only solution, there is no other way that you could have zero worries about it. I personally believe that the best thing to do right now is to wait.
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I've been investing in cryptocurrency for a long enough time now, and I understand the risk involved, that is not a get-rich scheme; instead, investing in it takes patience and does not guarantee financial success. I simply invest because I believe it to be the most reliable digital currency that doesn't need a middleman, unlike banks.
You alone are in charge of any earnings you make from your crypto investment, and you are free to take them with you at any time of the day or anywhere. No one else will be aware of your total crypto net worth.
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(...) because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
That's the sad reality, even if you warn people and point out all the risks, they'll still blame you if something goes wrong. That's the ugliness of human nature, we like to shift the blame on someone else instead of blaming ourselves for our actions.
As for me, I have never advised anyone to invest in Bitcoin/crypto and probably never will. I will share any knowledge if someone asks me but that's about it. Let everyone make their own financial decisions.
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There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment.
This type of people just follow the Bitcoin investment without having sufficient knowledge. These people just gamble with Bitcoin because they have no idea about Bitcoin at all. Although they have Bitcoin in their wallets, they don't understand how to invest in the right way. So, it deserves to call as gambling with Bitcoin.
Yes, we must avoid investing in Bitcoin in this way. We must be smart people who invest in Bitcoin after we have good knowledge about Bitcoin. And we know well the nature of Bitcoin and what our goals with Bitcoin.
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Re: Have you accepted the risk in bitcoin before investment?
The contents of your thread aren't connected to the subject title, so I guess I'll just focus on answering this question. Ever since I started investing into Bitcoin, I already knew the risk that I'm getting, and TBH, the risk in investing into Bitcoin is way lower comparing to investing into altcoins. I also knew that every investment has risks and so does Bitcoin.
So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.
Whenever I tell anything about Bitcoin or even cryptocurrency in general, I always say that Bitcoin's price can go to zero at any time, but it can go to a million any time. I'm not scaring them and it's a bit exaggerating but, in that way, they will know will be the risk that they'll be facing whenever they invest into it.
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Re: Have you accepted the risk in bitcoin before investment?
Why invest only in bitcoins should take rex in all types of investment because the pre-condition of investment is to bear risk. For instance, the most important thing that comes into any raw material investment is to take the risk of transporting the raw material and bear all the risks until the raw material is sold. Although Bitcoin is not a commodity, storing it like a commodity can increase or decrease as it is also subject to some kind of risk. If you can invest in market dumping situation then the amount of risk is reduced in case of long term holding whereas when you invest in pumping market you have to bear more amount of risk.
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Why invest only in bitcoins should take rex in all types of investment because the pre-condition of investment is to bear risk. For instance, the most important thing that comes into any raw material investment is to take the risk of transporting the raw material and bear all the risks until the raw material is sold. Although Bitcoin is not a commodity, storing it like a commodity can increase or decrease as it is also subject to some kind of risk. If you can invest in market dumping situation then the amount of risk is reduced in case of long term holding whereas when you invest in pumping market you have to bear more amount of risk.
I think saving assets in the form of Bitcoin will still remain safe because the only thing that changes is the exchange rate of the Bitcoin you have, while the amount of Bitcoin you have will remain the same as when you bought it. As for the risk, it is normal because investing anywhere will definitely There are still risks that must be taken.
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Whenever I tell anything about Bitcoin or even cryptocurrency in general, I always say that Bitcoin's price can go to zero at any time, but it can go to a million any time. I'm not scaring them and it's a bit exaggerating but, in that way, they will know will be the risk that they'll be facing whenever they invest into it.
When you talk about Bitcoin price movements, I feel that the price will never fall to zero, because so far Bitcoin interest on exchanges has been very high and a lot of technology has developed using the Blockchain network, so when Bitcoin collapses there will be many people who will immediately buy it. at cheap prices including whales who often do that.
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Whenever I tell anything about Bitcoin or even cryptocurrency in general, I always say that Bitcoin's price can go to zero at any time, but it can go to a million any time. I'm not scaring them and it's a bit exaggerating but, in that way, they will know will be the risk that they'll be facing whenever they invest into it.
When you talk about Bitcoin price movements, I feel that the price will never fall to zero, because so far Bitcoin interest on exchanges has been very high and a lot of technology has developed using the Blockchain network, so when Bitcoin collapses there will be many people who will immediately buy it. at cheap prices including whales who often do that.
You're right, if the Bitcoin price collaps , Many investors will buy more and hold. Because they believe Bitcoin price will go up again. Block chain technology has been adopted in many companies. Bitcoin ahs the biggest community in crypto world.
We are here, we know about the risk and about the profit.
I will accept the risk before investment
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You're right, if the Bitcoin price collaps , Many investors will buy more and hold. Because they believe Bitcoin price will go up again. Block chain technology has been adopted in many companies. Bitcoin ahs the biggest community in crypto world.
We are here, we know about the risk and about the profit.
I will accept the risk before investment
Investors have confidence that if the price of Bitcoin drops and hits its lowest price, they will buy large amounts and hold them. Based on the experience of the last 15 years, the price of bitcoin will go up and down all the time, but it will go up again and be expensive.
As we know bitcoin price is so high now.
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You're right, if the Bitcoin price collaps , Many investors will buy more and hold. Because they believe Bitcoin price will go up again. Block chain technology has been adopted in many companies. Bitcoin ahs the biggest community in crypto world.
We are here, we know about the risk and about the profit.
I will accept the risk before investment
Investors have confidence that if the price of Bitcoin drops and hits its lowest price, they will buy large amounts and hold them. Based on the experience of the last 15 years, the price of bitcoin will go up and down all the time, but it will go up again and be expensive.
As we know bitcoin price is so high now.
Yeah, Bitcoin price is high now, but it seems Bitcoin has correction, not much. Just down to $ 50K from $52K. Investors will take advantage of this moment to buy and some investors are still waiting not to buy, because they are waiting for a bigger correction. Everyone has their own considerations.
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Whoever decides to go into Bitcoin Investment should first of seek and have full knowledge of what you're Investing in. Bitcoin is a very volatile asset and if you fail to realize this and dangle into it, you'll end up making losses, so its important to have full knowledge of it before going into it, to avoid learning the hard way and incurring losses for yourself.
Again, I always say that people should know that Bitcoin isn't like other crypto assets that you can just invest today and expect immediate profits, Bitcoin Investment takes time to mature, that's why the best recommended strategy to use while Investing in Bitcoin is to HODL for long term.
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Whoever decides to go into Bitcoin Investment should first of seek and have full knowledge of what you're Investing in. Bitcoin is a very volatile asset and if you fail to realize this and dangle into it, you'll end up making losses, so its important to have full knowledge of it before going into it, to avoid learning the hard way and incurring losses for yourself.
Agree with you mate, Before investing we should have full knowledge of what we will invest in which coin. We should know about the risk, don't only think about profit and profit. It's ridiculous.
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Yeah, Bitcoin price is high now, but it seems Bitcoin has correction, not much. Just down to $ 50K from $52K. Investors will take advantage of this moment to buy and some investors are still waiting not to buy, because they are waiting for a bigger correction. Everyone has their own considerations.
Bitcoin prices on exchanges are observed to be stable, and when Bitcoin price conditions are like this, as you have said, investors will take advantage of situations like this to create bad news to cause panic on exchanges, and of course, this will cause Bitcoin prices to collapse and ultimately result in another opportunity for whales to buy Bitcoin at cheap prices.
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Agree with you mate, Before investing we should have full knowledge of what we will invest in which coin. We should know about the risk, don't only think about profit and profit. It's ridiculous.
Analyzing the coins you want to use for investment is a smart way, but currently many new traders are lazy to analyze first because it might take quite a long time, maybe they just buy Bitcoin straight away without analyzing it more deeply and just rely on trust. I think that's enough.