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Author Topic: Are you sometimes skeptical when you spend some bitcoins?  (Read 9390 times)

Offline bhadz

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #75 on: November 02, 2024, 02:49:48 PM »
You do not have to worry about the problems that you don't have to deal. I know that it's a real and serious question but let the exchanges do their thing if the influx of buyers come to them. They've got reserves, they've got mining facilities and they are there to supply the bitcoins that everyone wants to buy. Thus, p2p markets are there and there will always the people that are willing to sell their Bitcoins at any rate and that's why you don't worry about that and worry when and how much you're going to spend when you are about to buy.

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #75 on: November 02, 2024, 02:49:48 PM »

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #76 on: November 02, 2024, 03:09:03 PM »
I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.

When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
After buying bitcoins if I get more than 30% profit from it then I sell it and wait for the price to drop again.  The only purpose of buying bitcoins or other crypto coins is to make profit from it so if I get more than 30% profit I think I should sell it because any time it can go down again so why wait so long.  I am not an expert in trading but since I have been in the market for a long time I can make a lot of predictions and try to profit accordingly.
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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #76 on: November 02, 2024, 03:09:03 PM »

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Offline bitcoin-shark

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #77 on: November 02, 2024, 07:39:37 PM »
I am convinced that in the future the value of bitcoin will rise further, for me it is like a safe haven asset, another form of investment so i am a holder, fortunately i don't need to spend it and if i do i only do it in small quantities
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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #78 on: November 02, 2024, 08:49:11 PM »
I am convinced that in the future the value of bitcoin will rise further, for me it is like a safe haven asset, another form of investment so i am a holder, fortunately i don't need to spend it and if i do i only do it in small quantities
It is not only you, I think all Bitcoin holders believe with the future of Bitcoin. Sure, the price will continue increasing, Bitcoin value is always growing. However, I assume Bitcoin is still risky investment, especially for the people who have lack of knowledge in crypto. I'm not sure to say Bitcoin as a haven asset, it is not 100% secure for us. Yes, we must prefer to hold than spending our Bitcoin. We surely prefer use dollars if it is for spending purposes.



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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #80 on: November 03, 2024, 02:27:01 PM »
I personally am always optimistic about bitcoin, because I feel something extraordinary when holding bitcoin, it cannot be denied that profit is one of them.

When other people panic because the price of bitcoin is falling, I prefer to use it to buy again, and when the increase arrives I believe that I cannot take it yet, I mean the increase has not reached the target. So instead of transacting using bitcoin to buy something, I prefer to continue holding it.
After buying bitcoins if I get more than 30% profit from it then I sell it and wait for the price to drop again.  The only purpose of buying bitcoins or other crypto coins is to make profit from it so if I get more than 30% profit I think I should sell it because any time it can go down again so why wait so long.  I am not an expert in trading but since I have been in the market for a long time I can make a lot of predictions and try to profit accordingly.
This is a way that can be done, taking 30% profit is also very good, but we will definitely have different ways of taking this profit. It will be based on our comfort.

I personally am a very open person about it, I mean whatever strategy we use the most important thing is that we are comfortable in doing it. And one of them is the strategy you use, that's also good.

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #81 on: November 03, 2024, 03:19:18 PM »

Some persons transact constantly with bitcoin and others HODL mainly both keeps the market in balance. However as a spender do you get skeptical about spending your coins especially in pump periods like this?
The season of pump comes and goes as the season of price dump does correspondingly.
HODL during price pump is not a bad idea to me cause more profits are to be attained as price grows positively.
But I see no reason of being skeptical spending the profits I realize from any of my Crypto asset being BTC or Alts wether in pump or dump seasons.
It all depends on one's motive towards these seasons in respect to the profits he has made. To me, I see it in the form that profits has been made during the period of Holding and I could spend as much profit as I want on any item or even converting it to Fiat (Currency) disregarding wether the market is experiencing a pump or dumb......
Since profits are there..... Spending is fun.....
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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #81 on: November 03, 2024, 03:19:18 PM »


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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #82 on: November 03, 2024, 09:14:13 PM »
When I  was newbie and don't know about anything with bitcoin I was huge skeptical about bitcoin like it only use for doing illegal stuff and only hackers used it and I also haven't start mining only because that time the GPU warranty were closed if they used for mining.
Now I know about bitcoin there no owner here, limit supply,  and no paid developer here so  that how can it be skeptical thing? I believe in bitcoin and sometimes I get panicking because of the volatility but not skeptical.

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #83 on: November 03, 2024, 11:03:13 PM »
When I  was newbie and don't know about anything with bitcoin I was huge skeptical about bitcoin like it only use for doing illegal stuff and only hackers used it and I also haven't start mining only because that time the GPU warranty were closed if they used for mining.
Now I know about bitcoin there no owner here, limit supply,  and no paid developer here so  that how can it be skeptical thing? I believe in bitcoin and sometimes I get panicking because of the volatility but not skeptical.
That's what many people felt when Bitcoin was first launched, they were skeptic and underestimated Bitcoin. In fact, a lot of news says this is fraud and is widely used for illegal activities, but the last time we all understand that bitcoi is a valuable asset and the increasingly more popular and more expensive. At present many large companies invest in Bitcoin because they understand the future of Bitcoin.
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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #84 on: November 04, 2024, 11:03:19 AM »
This is a way that can be done, taking 30% profit is also very good, but we will definitely have different ways of taking this profit. It will be based on our comfort.

I personally am a very open person about it, I mean whatever strategy we use the most important thing is that we are comfortable in doing it. And one of them is the strategy you use, that's also good.
Surely everyone has their special method of exploiting profit, and that is quite understandable. More importantly, the strategy in its usage can offer assurance when implemented. So the results obtained will really look deserved and up to expectations.

There are countless scenarios with other teams, and we can find out how to do it in a manner that represents us. So, there is nothing wrong with the approach as long as we are comfortable, and every plan is effective in the manner in which it can get us to where we want to be, financially.
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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #85 on: November 06, 2024, 01:08:35 PM »
This is a way that can be done, taking 30% profit is also very good, but we will definitely have different ways of taking this profit. It will be based on our comfort.

I personally am a very open person about it, I mean whatever strategy we use the most important thing is that we are comfortable in doing it. And one of them is the strategy you use, that's also good.
Surely everyone has their special method of exploiting profit, and that is quite understandable. More importantly, the strategy in its usage can offer assurance when implemented. So the results obtained will really look deserved and up to expectations.

There are countless scenarios with other teams, and we can find out how to do it in a manner that represents us. So, there is nothing wrong with the approach as long as we are comfortable, and every plan is effective in the manner in which it can get us to where we want to be, financially.
Well, once again, it will come back to each of us to use which strategy, as we know there will be many differences in strategy and that is a very common thing.

There are also strategies that take smaller profits, but they try to be as consistent as possible to get it. That is also okay as long as we really understand what we are doing. Sharing experiences like this will make us open to new strategies.

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #86 on: November 06, 2024, 07:54:54 PM »
That's what many people felt when Bitcoin was first launched, they were skeptic and underestimated Bitcoin. In fact, a lot of news says this is fraud and is widely used for illegal activities, but the last time we all understand that bitcoi is a valuable asset and the increasingly more popular and more expensive. At present many large companies invest in Bitcoin because they understand the future of Bitcoin.
And you will be amazed after hearing that currently in this digital era some peoples are not some most of the people's have the same thinking about bitcoin like some of my friend still thought that bitcoin is something like illegal and only bad peoples are doing it and use it .
Some of my friends also thought that it like an gambling think. Some of my days even go as far as telling them that Bitcoin is not illegal or bad. It is a currency and virtual assets.

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #87 on: November 07, 2024, 03:32:52 PM »
That's what many people felt when Bitcoin was first launched, they were skeptic and underestimated Bitcoin. In fact, a lot of news says this is fraud and is widely used for illegal activities, but the last time we all understand that bitcoi is a valuable asset and the increasingly more popular and more expensive. At present many large companies invest in Bitcoin because they understand the future of Bitcoin.
And you will be amazed after hearing that currently in this digital era some peoples are not some most of the people's have the same thinking about bitcoin like some of my friend still thought that bitcoin is something like illegal and only bad peoples are doing it and use it .
Some of my friends also thought that it like an gambling think. Some of my days even go as far as telling them that Bitcoin is not illegal or bad. It is a currency and virtual assets.
Not many people know about bitcoin and consider it a gamble or something illegal. In fact, bitcoin is a technological advancement and offers financial freedom.
Bitcoin is the most valuable crypto asset and is suitable for long-term holding, many governments of a country have legalized and accepted bitcoin as an investment, why do many still think bitcoin is something illegal.
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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #88 on: November 07, 2024, 03:57:48 PM »
You do not have to worry about the problems that you don't have to deal. I know that it's a real and serious question but let the exchanges do their thing if the influx of buyers come to them. They've got reserves, they've got mining facilities and they are there to supply the bitcoins that everyone wants to buy. Thus, p2p markets are there and there will always the people that are willing to sell their Bitcoins at any rate and that's why you don't worry about that and worry when and how much you're going to spend when you are about to buy.
I think the only thing we need to worry about for now is not filling our bags in while it's way more cheaper compared to future prices which is expected to skyrocket. I will hold mine as long as I can depending on the situation because you know life is here we all know the fact that inflation is hitting hard on every single citizens that belongs to the lower class in the society like me.

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Re: Are you sometimes skeptical when you spend some bitcoins?
« Reply #89 on: November 07, 2024, 05:33:33 PM »
You do not have to worry about the problems that you don't have to deal. I know that it's a real and serious question but let the exchanges do their thing if the influx of buyers come to them. They've got reserves, they've got mining facilities and they are there to supply the bitcoins that everyone wants to buy. Thus, p2p markets are there and there will always the people that are willing to sell their Bitcoins at any rate and that's why you don't worry about that and worry when and how much you're going to spend when you are about to buy.
I think the only thing we need to worry about for now is not filling our bags in while it's way more cheaper compared to future prices which is expected to skyrocket. I will hold mine as long as I can depending on the situation because you know life is here we all know the fact that inflation is hitting hard on every single citizens that belongs to the lower class in the society like me.
we have to follow the trend when the price goes down, we have to buy and put potential coins into our wallet. that's how investing in crypto must be right on entry and exit because not all investors have good analysis and predictions, sometimes they buy when FOMO and the price is already high so they will get trapped.
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