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Author Topic: If you want to take Bitcoin, take it or not??  (Read 5976 times)

Offline JoyMarsha

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Re: If you want to take Bitcoin, take it or not??
« Reply #30 on: October 13, 2024, 10:44:22 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
Investing in Bitcoin is a choice, not a must. It's when you are convinced about having Bitcoin as a store of value that's when you should invest in it because the risk that is involved is not what one should go into without having the proper knowledge of crypto and investing with the amount they can afford to lose not their emergency money.

Many people have made the mistake of investing in Bitcoin because of FOMO. When Bitcoin began to decline in price, they felt cheated and annoyed that they invested in Bitcoin at a high price. However, don't be like those investors who are after short-term profits over Bitcoin, not long-term profits.

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Re: If you want to take Bitcoin, take it or not??
« Reply #30 on: October 13, 2024, 10:44:22 PM »

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Re: If you want to take Bitcoin, take it or not??
« Reply #31 on: October 13, 2024, 10:57:28 PM »
Bitcoin price is currently skyrocketing so is it worth buying??
I believe yes it's worth buying Bitcoin below $65k because in these 3 months Bitcoin could theoretically perform good and there's chance that it might makes a new ATH in these 3 months. I know the highest peak or the high ATH that we all are expecting might not take place in these 3 months but at least it could make a new ATH.

I believe the highest value of Bitcoin or you can say the highest ATH it will make for this bull run will happen in 2025, and if someone invests in Bitcoin even this day then during that highest peak of it the investor might make more than 50% profit even if Bitcoin touches just $100k that most think it will reach.
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Re: If you want to take Bitcoin, take it or not??
« Reply #31 on: October 13, 2024, 10:57:28 PM »

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Re: If you want to take Bitcoin, take it or not??
« Reply #32 on: October 13, 2024, 11:18:05 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
I think it would be wrong to think business investment and crypto investment same.
Bitcoin is safe but there is definitely risk here and if you don't know how to trade then you can face loss even by investing here. If you give me two options, investment in business or investment in bitcoin, I will definitely say investment in business. And when your profit earning starts from the business, adopt small amount of regular bitcoin which is definitely for long term.
And if you want to make a big investment in Bitcoin, you must target the bear market and then invest, bu not in the bullish market or bull season.

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Re: If you want to take Bitcoin, take it or not??
« Reply #33 on: October 13, 2024, 11:22:56 PM »
I believe yes it's worth buying Bitcoin below $65k because in these 3 months Bitcoin could theoretically perform good and there's chance that it might makes a new ATH in these 3 months. I know the highest peak or the high ATH that we all are expecting might not take place in these 3 months but at least it could make a new ATH.
If there is an opportunity to buy and our money allows it, then just buy it. If Bitcoin is indeed not in doubt, as long as we still buy it before the peak bullish era. Because that is Bitcoin, if it is still below ATH, if I go ahead and buy it, doing DCA is very helpful so that we can consistently make purchases regularly.

It's just that one of the keys is patience. because Bitcoin is more worth it for the long term. So if you intend to buy Bitcoin and want high profits in a very short time, it might be much more difficult because of Bitcoin's high volatility, and its ups and downs are sometimes not very predictable.

Offline Geey

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Re: If you want to take Bitcoin, take it or not??
« Reply #34 on: October 13, 2024, 11:25:31 PM »
You are right, that noobs like us have a lot of desire to buy Bitcoin.  But since we woke up, we are moving forward slowly, understanding the morning and hoping that you people will support us and continue to explain us in the same way..
by having you search for information or news about bitcoin it will be easier for you to trade because news about bitcoin will create or determine the increase or decrease in the price of bitcoin, if the news has a positive impact then the price will increase and if the news has a negative impact then the price of bitcoin will decrease. from the good or bad news it will have an impact on the market, so you have to search for a lot of information.
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Re: If you want to take Bitcoin, take it or not??
« Reply #35 on: October 13, 2024, 11:32:34 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
If you are willing to take the risk then why not right? It is always up to us whether we are going to deal with the money we had in buying Bitcoin even in it's volatility given that we all know the risk of it. So if you are a complete beginner then I think you need more knowledge to take part on this sector.

Offline TomPluz

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Re: If you want to take Bitcoin, take it or not??
« Reply #36 on: October 14, 2024, 07:05:55 AM »


A person who is really serious to make a good mark and make some success in the cryptocurrency industry should seriously look at Bitcoin and how it can be a good tool towards financial freedom into the future. I understand that you can be looking at the price as too high already and that can be because you compared it to the past...but if you look into the future am sure you can be excited to see its big potential gains. Of course, nobody can predict the future as we don't have the power to that...but if you can sense the future of Bitcoin you will understand that it is really attractive. In summary, I am suggesting you to TAKE IT now otherwise you will be regretting it later. Of course, you need to make your own due diligence and decide things firmly on your own and not because somebody is telling you this and that.

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Re: If you want to take Bitcoin, take it or not??
« Reply #36 on: October 14, 2024, 07:05:55 AM »


Online God Of Thunder

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Re: If you want to take Bitcoin, take it or not??
« Reply #37 on: October 14, 2024, 07:41:26 AM »
The fact is that halving happens every 210 000 blocks, which is approximately 4 years - but it is also a fact that we already have 94% supply in circulation today - which means that each future halving will have less and less impact on the price. By the end of the decade, 99% of all BTC will be mined, and then the halving should have almost no effect on the price, which means that the four-year cycle would actually cease to exist.

That is a good point. Scarcity won't increase suddenly, but it will increase slowly day by day. Previously, scarcity jumped high right after the halving or after a couple of months, and the Bitcoin price started pumping. People had to wait for a long time to expect a bull run. I am not sure what will fuel the bull run next time if the halving does not affect much in the future. We probably don't have to wait for the halving anymore. This crypto adoption/ban news will continue manipulating the price, and we must take chances.
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Offline Lucius

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Re: If you want to take Bitcoin, take it or not??
« Reply #38 on: October 14, 2024, 03:05:57 PM »
If you believe that the price of Bitcoin will reach $100k then it is still good to invest.
~snip~


I don't think many people would be satisfied if they profited only 30-40% on their investment considering the stories they constantly hear about how some others got rich by investing in BTC. So I think a lot of people are actually wondering if something like that is still possible - and I think it's impossible to expect the price of BTC to increase x50 or x100 even in the distant future - but x5 to x10 in the next ten years doesn't seem impossible achievement.

The question is who would be satisfied with that, and who will still look for their big chance in investing in altcoins?



@Learn Bitcoin, the future is uncertain in this matter, because what we know are facts based on numbers, but we cannot know how much the impact of the decreasing number of BTC available for mining and decreasing rewards for miners will affect the formation of the BTC price.

My opinion is that in the future we could only have a couple of large mining farms for which mining will be profitable and that only if the price of BTC is much higher than today. There is less than 6% of BTC left for mining, which is a really small number, and there should be no doubt that the race for the largest share of that pie will continue for years to come.
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Re: If you want to take Bitcoin, take it or not??
« Reply #39 on: October 14, 2024, 07:15:54 PM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
It is good to invest on Bitcoin but it is discouragesous asking you to invest just because the price is begining to pump up.

If maybe you are not too aware, Bitcoin is a volatile digital assets which values goes within the UPs and DOWNs just as mentioned so that you don't have to feel disappointed when the value goes down before taking your profits.

However, running a physical business is different from investing on Bitcoin because you can actually apply some trading strategies and you would always be possible or making quick profits while Bitcoin is better off long term investment because it can not give you quick profits and there is absolutely no personal strategy to make profit. You only need to set your investment goal whether in a short term or long term goal with your Bitcoin investment.

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Re: If you want to take Bitcoin, take it or not??
« Reply #40 on: October 15, 2024, 12:03:06 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??

Why did you wait till when you saw a spike upward in the movement of bitcoin before you are considering whether to invest in it or not. The good thing about bitcoin is that you can invest at anytime and if you hold for the long time, you’ll be able to benefit big from the investment. The thought of starting your bitcoin investment now or not should be something you should take very serious and not just a speculative thought that comes to your mind from time to time. If you’ve learnt about bitcoin and how it moves along the path it’s trading on, you’ll have no doubt than just filling up  and jump on the ride too. The bitcoin market could be unpredictable but that doesn’t make it not worthy of not being invested in to be profitable.

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Re: If you want to take Bitcoin, take it or not??
« Reply #41 on: October 15, 2024, 02:46:42 AM »
There isn't really anything to discuss about this, because there should be risk aversion on your part when you are making these investments. I mean if you are investing with money that you will need, then you should not make that investment, if you are investing with money you are fine with losing, then whats the harm in investing? This is why, I tend to keep investing, and when price grows over what I owe in debt, I sell and pay my debt, then I incur more debt while accumulating more bitcoin, and repeat. This has been quite a lot, two cycles so far, did it in 2017 and did it in 2021, I am planning on doing it again this time too when bitcoin reaches 150k.

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Re: If you want to take Bitcoin, take it or not??
« Reply #42 on: October 15, 2024, 03:56:10 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??  Bitcoin price is currently skyrocketing so is it worth buying??
Whether you should trade or not is based on your own decision, not based on the current movement of the market. If you believe that you can do it, JUST DO IT. If you have enough knowledge that will help you become more profitable in trading, then just do it. Why act like you're depending on the market movements.

As for you doing business, tell me a business that doesn't need to invest? I don't think you can say at least one because in order to do business, you need at least capital to start. As for the current price of Bitcoin and is it worth buying, I said it in the past and I will say it again. It depends on how long you are willing to hold it. If you're just holding it for a few weeks, then it isn't worth buying it. Now if you're planning to sell it during the bull market then it's still a good time to buy although the profits will be lower since the price went up already.

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Re: If you want to take Bitcoin, take it or not??
« Reply #43 on: October 15, 2024, 05:43:04 AM »
There are many ups and downs in the Crypto market, so don't be too quick to believe whether you should trade or not.  I talk about myself that I want to do business but the question comes in my mind that should I invest or not??
you want to make business with bitcoin? do you mean you want to invest in bitcoin in order to build your business or you want to incorporate bitcoin on your business?

anyway only you can decide if you want to invest or not if you are not convinced then don't because i do not think you will be earning so much if you are hesitant and might react on every little movement of the market i suggest you do more research and then decide if you want to have some faith in bitcoin

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Bitcoin price is currently skyrocketing so is it worth buying??
no mate it is not skyrocketing right now this is actually quite low from what people have expected it to be by this month so if you want to buy then buy now because bitcoin will get more expensive than this

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Re: If you want to take Bitcoin, take it or not??
« Reply #44 on: October 18, 2024, 10:15:33 PM »
Investing and trading is entirely your personal matter. You can trade if you like. Some Precautions If you cannot take precautions and create fear in yourself, you cannot trade or invest. To work and survive in cryptocurrency you have to take risks and move forward with those risks. If you can't take risks, you won't succeed at anything. No matter how high the price of Bitcoin is, you can invest if you want to invest. Bitcoin is suitable to buy anytime so if you are more hesitant about the market then you can follow DCA method as DCA method is the most suitable method of investment. Bitcoin Market Will Have Volatility Bitcoin is so popular today because of volatility.
The best method to invest in crypto for a newbie is certainly the DCA method it gives us the benefit of investing as low as with $10. With time if we feel more comfortable then we can invest more but at start we must only invest with the money that we don't care to lose. It means if the money we are investing is for food and for bills then don't invest if it just lying in your bank account doing nothing then invest it in BTC but start with few dollars.

Loss and profit in BTC are quick due to volatility newbies might drive in or away from crypto after facing the volatility. If they made a profit first they will drive toward it otherwise loss can end up going away and they will call crypto gambling
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