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Author Topic: Financial Freedom and Bitcoin  (Read 20960 times)

Offline satpol_PP

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Re: Financial Freedom and Bitcoin
« Reply #165 on: October 01, 2024, 09:04:06 PM »

I think an investor should invest by looking at the reality. I have to take decision considering my financial situation. Being a normal investor I should never be interested in getting too much.
Without a doubt, things are like that, you don't have to expect much if you don't have enough to risk, we are people who in part have many expenses , obligations and a series of things to fulfill, we would like to sacrifice a lot to buy the maximum in btc, but it is not possible, based on this it is interesting to know how we are stepping on the ground and not to get our hopes up with money that we don't have, that is why when there is not enough money it is best to apply the DCA method and always go there, it is not bad, it is the best way to do it.
The DCA method is widely used by investors to increase their crypto assets by making gradual purchases. I also do that from getting airdrop rewards and bounty campaigns to buy coins with the DCA method, because I am not a professional trader so I focus more on bounties and airdrops.

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Re: Financial Freedom and Bitcoin
« Reply #165 on: October 01, 2024, 09:04:06 PM »

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Re: Financial Freedom and Bitcoin
« Reply #166 on: October 02, 2024, 01:49:14 AM »
I am one of those who believe that Bitcoin should always be bought and sold, and the point of this speculation is to increase the share of Bitcoin, constantly buying it cheap and selling it expensive. This is such a belief in Bitcoin with its accumulation. But I do not approve of the usual HODL.

It's interesting because Basically when things are done right you have to see our Mentality and how we want to Approach them to have money , what he says is Completely good because it's Obvious that every time there is a good market you have to sell at the highest , that's what this should be used for, but the Complete Hodl is for those who have a lot of BTC and don't have the need to be in need of so much money and those are the people who leave BTC for years Without taking it , which I highly respect , but I consider that each person who does that has a high Economic Condition not to touch that investment.
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Re: Financial Freedom and Bitcoin
« Reply #166 on: October 02, 2024, 01:49:14 AM »

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Offline laijsica

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Re: Financial Freedom and Bitcoin
« Reply #167 on: October 05, 2024, 11:45:15 AM »

I think an investor should invest by looking at the reality. I have to take decision considering my financial situation. Being a normal investor I should never be interested in getting too much.
Without a doubt, things are like that, you don't have to expect much if you don't have enough to risk, we are people who in part have many expenses , obligations and a series of things to fulfill, we would like to sacrifice a lot to buy the maximum in btc, but it is not possible, based on this it is interesting to know how we are stepping on the ground and not to get our hopes up with money that we don't have, that is why when there is not enough money it is best to apply the DCA method and always go there, it is not bad, it is the best way to do it.
The DCA method is widely used by investors to increase their crypto assets by making gradual purchases. I also do that from getting airdrop rewards and bounty campaigns to buy coins with the DCA method, because I am not a professional trader so I focus more on bounties and airdrops.
Apart from this you can get high profit if you deposit bitcoin regularly for long term with DCA method. Regardless of the amount of savings if you can develop the habit, it can be a huge financial help to you at some point.
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Offline rizqillah

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Re: Financial Freedom and Bitcoin
« Reply #168 on: October 12, 2024, 10:32:45 PM »
I am one of those who believe that Bitcoin should always be bought and sold, and the point of this speculation is to increase the share of Bitcoin, constantly buying it cheap and selling it expensive. This is such a belief in Bitcoin with its accumulation. But I do not approve of the usual HODL.

It's interesting because Basically when things are done right you have to see our Mentality and how we want to Approach them to have money , what he says is Completely good because it's Obvious that every time there is a good market you have to sell at the highest , that's what this should be used for, but the Complete Hodl is for those who have a lot of BTC and don't have the need to be in need of so much money and those are the people who leave BTC for years Without taking it , which I highly respect , but I consider that each person who does that has a high Economic Condition not to touch that investment.
Of course, for long-term holders, they have good finances, where they keep holding their coins and are not disturbed by their living needs. I have tried it many times but failed because of my living needs, so I also realized that my finances are not suitable for long-term holding, I only use it for trading because at any time I can use my trading profits to meet my living needs. Even though I also want to be like a long-term holder, but everything is according to our financial capabilities.

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Re: Financial Freedom and Bitcoin
« Reply #169 on: October 13, 2024, 06:07:34 PM »
If I have only 6 Bitcoins then I definitely have financial freedom that is very noticeable because I believe that by having 6 Bitcoins my life is more than enough.
  • 1 Bitcoin to be taken long term for example staking in the local market
  • 1 Bitcoin for short term trading
  • 1 Bitcoin for long term trading
I still have 3 Bitcoins ready to be played with altcoins and must be careful to trade with altcoins, maybe to be safe I will trade with the BTCxETH pair to be safer or BTCxUSDT. I did an example like that because I want to enjoy what is called financial freedom from Bitcoin.
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Re: Financial Freedom and Bitcoin
« Reply #170 on: October 14, 2024, 07:15:03 AM »
I am one of those who believe that Bitcoin should always be bought and sold, and the point of this speculation is to increase the share of Bitcoin, constantly buying it cheap and selling it expensive. This is such a belief in Bitcoin with its accumulation. But I do not approve of the usual HODL.

It's interesting because Basically when things are done right you have to see our Mentality and how we want to Approach them to have money , what he says is Completely good because it's Obvious that every time there is a good market you have to sell at the highest , that's what this should be used for, but the Complete Hodl is for those who have a lot of BTC and don't have the need to be in need of so much money and those are the people who leave BTC for years Without taking it , which I highly respect , but I consider that each person who does that has a high Economic Condition not to touch that investment.
Of course, for long-term holders, they have good finances, where they keep holding their coins and are not disturbed by their living needs. I have tried it many times but failed because of my living needs, so I also realized that my finances are not suitable for long-term holding, I only use it for trading because at any time I can use my trading profits to meet my living needs. Even though I also want to be like a long-term holder, but everything is according to our financial capabilities.
Well, Before you run into the crypto market, it is advisable to assess your money situation and make an investment plan. However, if life necessities demand immediate availability of cash, short term trading can be again a greater form of investing than holding for long term. In this menaced scenario it is advisable to proceed with risk management including using not all the available funds for trading to avoid diversified basic needs. Also, it is necessary to have a mature budget that would have money for investment, but will not jeopardize daily finance. While the desire to become a long-term holder is present, the primary issue is to adapt it for everybody’s convenience and financial possibilities, so that no one will feel pleased with extra financial load or extra psychological pressure.
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Offline LUCKMCFLY

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Re: Financial Freedom and Bitcoin
« Reply #171 on: October 14, 2024, 04:42:00 PM »
Well, Before you run into the crypto market, it is advisable to assess your money situation and make an investment plan. However, if life necessities demand immediate availability of cash, short term trading can be again a greater form of investing than holding for long term. In this menaced scenario it is advisable to proceed with risk management including using not all the available funds for trading to avoid diversified basic needs. Also, it is necessary to have a mature budget that would have money for investment, but will not jeopardize daily finance. While the desire to become a long-term holder is present, the primary issue is to adapt it for everybody’s convenience and financial possibilities, so that no one will feel pleased with extra financial load or extra psychological pressure.


Well, regarding the plan you are absolutely right, before any person makes any financial move they should already have an idea of ​​what they are going to do and how they can execute it, I personally am a person who calculates a lot, I have read some investment books and they all point to the same thing, they always say to look for the most outstanding asset that will give good results in the long term and that is where you have to put the money, do some research on it, well, the research has already been done because the asset is there, and its name is Bitcoin, what is left is to put money there and if the person wants to diversify, go to real estate, this type of investment is highly advisable
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Re: Financial Freedom and Bitcoin
« Reply #171 on: October 14, 2024, 04:42:00 PM »


Offline Gurujebs

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Re: Financial Freedom and Bitcoin
« Reply #172 on: October 14, 2024, 06:35:35 PM »
Apart from this you can get high profit if you deposit bitcoin regularly for long term with DCA method. Regardless of the amount of savings if you can develop the habit, it can be a huge financial help to you at some point.

I think it's easier to do DCA if you are earning well enough. You need to combine have an extra income to be able to do this. Some people have done this strategy, bought all the coins they want to buy and keep but because they are not financial big to handle their bills, they don't have another alternatives to pay bills, they sold everything.

If you are buying crypto, you must be ready to have savings too else you will be overwhelmed with billings that will take everything from you and the sad part about this is that you will be selling your coins at lower price than what you have bought or you might sell after holding for long term without making profits because of DCA.
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Re: Financial Freedom and Bitcoin
« Reply #173 on: October 15, 2024, 12:15:42 PM »
Apart from this you can get high profit if you deposit bitcoin regularly for long term with DCA method. Regardless of the amount of savings if you can develop the habit, it can be a huge financial help to you at some point.

I think it's easier to do DCA if you are earning well enough. You need to combine have an extra income to be able to do this. Some people have done this strategy, bought all the coins they want to buy and keep but because they are not financial big to handle their bills, they don't have another alternatives to pay bills, they sold everything.

If you are buying crypto, you must be ready to have savings too else you will be overwhelmed with billings that will take everything from you and the sad part about this is that you will be selling your coins at lower price than what you have bought or you might sell after holding for long term without making profits because of DCA.
A portion of the discretionary income for doing DCA can be set aside as a deposit of Bitcoins that can be viewed on a weekly or monthly basis as well as a backup fund that can protect your long-term Bitcoin deposits in case of emergencies. Another benefit of doing DCA is that you can set aside any dollar amount you can afford to deposit Bitcoin. You should not tend to push yourself beyond your capacity.

Your success in investing depends on your strategy. By combining these two processes of growing and holding real assets and maintaining DCA, you can become a successful Bitcoin holder.
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Re: Financial Freedom and Bitcoin
« Reply #174 on: October 16, 2024, 12:28:44 AM »

Of course, for long-term holders, they have good finances, where they keep holding their coins and are not disturbed by their living needs. I have tried it many times but failed because of my living needs, so I also realized that my finances are not suitable for long-term holding, I only use it for trading because at any time I can use my trading profits to meet my living needs. Even though I also want to be like a long-term holder, but everything is according to our financial capabilities.

I think most of us in the Photo have been through Difficult things, including covering the basic needs , sometimes things can be very difficult and we cannot maintain a long-term investment , but there is something that can be the solution if we have the necessary discipline, and that is to buy and apply the DCA Method which is one of the best in the world to be Able to get BTC , I think the key is to buy and forget about it so that we can save there and that is much better than having a bank account, because as opposed to having a bank Account it Requires having money even to make a transfer Locally and not to mention an International Transfer , including that the money Does not Arrive at Once.
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Re: Financial Freedom and Bitcoin
« Reply #175 on: October 16, 2024, 11:57:30 PM »


I think most of us in the Photo have been through Difficult things, including covering the basic needs , sometimes things can be very difficult and we cannot maintain a long-term investment , but there is something that can be the solution if we have the necessary discipline, and that is to buy and apply the DCA Method which is one of the best in the world to be Able to get BTC , I think the key is to buy and forget about it so that we can save there and that is much better than having a bank account, because as opposed to having a bank Account it Requires having money even to make a transfer Locally and not to mention an International Transfer , including that the money Does not Arrive at Once.
Buying crypto and forgetting about it is not easy, dude. because in life we ​​have needs sometimes we are also faced with urgent needs and we are forced to sell our coins to meet them. I also do the DCA method to collect crypto assets before the bullish season next year. but sometimes I also have to sell a little when I get a profit because I need money for the needs of my wife and children.

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Re: Financial Freedom and Bitcoin
« Reply #176 on: October 17, 2024, 11:06:34 AM »
Buying crypto and forgetting about it is not easy, dude. because in life we ​​have needs sometimes we are also faced with urgent needs and we are forced to sell our coins to meet them. I also do the DCA method to collect crypto assets before the bullish season next year. but sometimes I also have to sell a little when I get a profit because I need money for the needs of my wife and children.
Therefore it is important to use free money and not use it for any needs, if you use free money then there will be no worry about holding back for the long term.

People only use the money they still need, in the end they will only make a cut-loss just to make ends meet.
The right investment must follow the rules that are commonly used, so that investment will be a profitable business, not the other way around.

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Re: Financial Freedom and Bitcoin
« Reply #177 on: October 18, 2024, 02:48:51 PM »
Buying crypto and forgetting about it is not easy, dude. because in life we ​​have needs sometimes we are also faced with urgent needs and we are forced to sell our coins to meet them. I also do the DCA method to collect crypto assets before the bullish season next year. but sometimes I also have to sell a little when I get a profit because I need money for the needs of my wife and children.
Therefore it is important to use free money and not use it for any needs, if you use free money then there will be no worry about holding back for the long term.

People only use the money they still need, in the end they will only make a cut-loss just to make ends meet.
The right investment must follow the rules that are commonly used, so that investment will be a profitable business, not the other way around.
The safest investment is using free money, because we will not cut loss if there is a need that we must meet. because several times I was forced to do that when my family needed money and this was indeed very difficult. We must have reserve money for that.
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Re: Financial Freedom and Bitcoin
« Reply #178 on: October 18, 2024, 04:47:14 PM »

I think an investor should invest by looking at the reality. I have to take decision considering my financial situation. Being a normal investor I should never be interested in getting too much.
Without a doubt, things are like that, you don't have to expect much if you don't have enough to risk, we are people who in part have many expenses , obligations and a series of things to fulfill, we would like to sacrifice a lot to buy the maximum in btc, but it is not possible, based on this it is interesting to know how we are stepping on the ground and not to get our hopes up with money that we don't have, that is why when there is not enough money it is best to apply the DCA method and always go there, it is not bad, it is the best way to do it.
The DCA method is widely used by investors to increase their crypto assets by making gradual purchases. I also do that from getting airdrop rewards and bounty campaigns to buy coins with the DCA method, because I am not a professional trader so I focus more on bounties and airdrops.

         -      We have been doing that a lot until now, to be honest, and if we continue to do that, it is because until now there are still chances that we can actually get earnings from bounties and airdrops.

though this method only requires patience and must also have a deep understanding of cryptocurrency or bitcoin, especially in trading, which is where we exchange the cryptos we get to become money.

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Re: Financial Freedom and Bitcoin
« Reply #179 on: October 18, 2024, 10:24:12 PM »
The safest investment is using free money, because we will not cut loss if there is a need that we must meet. because several times I was forced to do that when my family needed money and this was indeed very difficult. We must have reserve money for that.
The importance of using cold money or money that you don't use for anything in the future, because it will affect your long-term investment.
And also have the spare money needed to buy back when the market continues to go down and it becomes an opportunity to get a cheaper price.

I've implemented this and used the money I don't need for anything else, so the investment will go according to my plan.

 

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