Here you will find several points that may help with the stable acquisition of satoshis and bitcoins. This is not financial advice or an investment guide. The content of this page represents only one of many perspectives on Bitcoin price changes. Make every investment decision based on your own research and consideration of your financial situation.
No one can take it from you. You can carry any amount of bitcoin around the world using just a word combination.
Bitcoin didn't crash. If Bitcoin were to crash, the last mining machines would disconnect from the
blockchain network. Meanwhile,
their number around the world continues to grow, making the Bitcoin
network increasingly secure. This means that those who have available resources continue to invest
in
bitcoin mining.
When the price of Bitcoin falls steeply, it just means someone sold it,
some big player. They could trigger an avalanche of sales, and the price painfully plummets. Or prices
are moved by news from the cryptocurrency world. The market purges those who were chasing profits or
those who couldn't withstand Bitcoin's volatility.
It's mostly big players who cause such volatility and move the price. Bitcoin constantly rises, falls,
and tries to shake off the weaker ones, who then sell their bitcoins and satoshis to big players at a
huge discount.
If you bought bitcoin with the goal of fairy-tale enrichment and are risking more than you can afford,
you have a lot of emotions in such investments. If you have emotions in it, you probably won't hold out
and will sell bitcoin below its value. Guess to whom? Yes, to them. And a new cycle can begin.
Avoid emotions. Positive emotions of quick enrichment that will give us freedom, versus fear of poverty – it's easy to fall for this. Calculate a regular amount that you can afford to invest and that you are able to lose. That is exactly the ideal size for your regular investment.
This can cause you to buy for a much riskier amount than what you can actually afford. The more you buy beyond what you can afford, the more you'll be affected by the rising or falling price of bitcoin.
This will save you a lot of wasted time that you can devote to more useful things in this world. You know you'll regularly buy regardless of the price.
Be useful to those around you and perfect your craft so that you grow alongside your investments and become irreplaceable. Save and invest regularly as much as won't hurt if you lose it. And if that happens, you're still a master of your craft. If bitcoin wins, you're a master twice over.
Do what you're good at and regularly set aside an amount you can afford.
Do what you're good at and regularly set aside an amount you can afford.
You'll probably never acquire as much of it as you had. A game has started that the whole world is slowly beginning to play.
If you leave bitcoins or satoshis there, they're not yours. Throughout history, even the largest
exchanges that you would never expect have crashed. Usually, they take everything with them and you're
left with nothing.
Therefore, it's best to transfer your bitcoins to your own hardware wallet. Your keys, your bitcoins.
Your bitcoins will remain there despite any earthquake.
I highly recommend the Trezor
hardware wallet due to their open-source software, which provides a certain transparency in how your
Bitcoin is accessed and managed.
Set up automatic purchases of a fixed amount on a regular schedule (weekly, monthly) regardless of price (It's called Dollar-cost averaging "DCA". Many exchanges offer this feature.
Binance offers an Auto-Invest option (hourly, daily, weekly, monthly).
