Buy Buy Buy or Sell Sell Sell?

[Tmoonz]

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

Seeing bitcoin at 102k benchmark shouldn't be the reason for any new investor to start accumulating bitcoin aggressively when he's not prepared for it because I see that as a dumb idea, because if you don't have the extra funds to invest aggressively, you will end up selling your bitcoin when the need of what you want to use the funds for arises.

A new investor shouldn't be investing on bitcoin because of the price at which bitcoin is, but because he wants to invest in a long time and acquire more bitcoin for himself and save his discretionary income from inflation in the long run so that he can remain focus on his target. This is because if you are acquiring bitcoin based on the price that you expect it to reach within a given period of time, you will be disappointed and frustrated if the price goes against you. Also we should only focus on our own bitcoin investment how to grow and build it by keeping our business accumulation ongoing, than distracting ourselves on what others are doing.

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme and at such they might make wrong investment decisions and can even invest the money that is not meant for investment and may not stay too long growing their investment, bitcoin has ups and downs hence it takes those has that personal conviction reasonable enough to lead  them in to Bitcoin to uphold their stand, maintain and sustain their belief, love and commitment they have for Bitcoin in all conditions whether Bitcoin is going up or coming down.

[$crypto$]

But there are a few things you need to pay attention to when doing DCA on bitcoin for investors who often accumulate money with small amounts, such as 10 dollars per week. Maybe it would be better if you don't withdraw the bitcoin you bought on the exchange with that money (10 dollars) directly to your wallet, because this will be slightly consumed by shipping costs. So I think it would be better if, for example, you withdraw bitcoins to your wallet once every two months. Because if for example every 10 dollars (per week) that has been purchased in Bitcoin is immediately withdrawn to the wallet and for example with a sending fee of 0.5 dollars. If you multiply it by 8 deliveries (8 weeks), that's 4 dollars. But if, for example, we withdraw bitcoins to our wallet every 2 months, we only need to pay one transaction fee for sending, namely 0.5 dollars.

The cost of withdrawing bitcoin from the exchange is more expensive not $0.5 but more than $10 for the current withdrawal fee so it makes no sense to buy a small amount of bitcoin and then immediately withdraw it to a personal wallet.

So it is better if you temporarily store on the exchange while waiting for the accumulation of btc to be even greater, this is what I do, for example $50 per week then when the amount is more than $500 + will withdraw to a personal wallet then losing $10 for withdrawal fees to the exchange is not a problem if the BTC asset is already large.

The important thing is not to be too long or comfortable storing BTC for a long time on the exchange especially if you are for the long term, so just take advantage of exchanges like this and after that withdraw to a personal wallet with much more security to have your own control.

[bitzizzix]

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

Only non-believers in Bitcoin will follow suit so those who already believe in Bitcoin do not need to think about the fate of those who do not believe in Bitcoin. Because any profit from our belief in Bitcoin will also not be shared with them, so let those non-believers decide for themselves what steps they should take after seeing the price of Bitcoin today. Now people who continue to collect Bitcoin and buy Bitcoin aggressively have increased so that the support of price strength on Bitcoin will also continue to strengthen at the end of this year.

People who want big profits from Bitcoin are only those who have a very strong belief in Bitcoin which will give big profits in the long run and this is the most important thing after patience, and besides that they will not care about other people who do not believe in Bitcoin and whatever the reason because it will be in vain, because in the end they will regret it and this kind of thing has happened a lot. And after they realize and buy Bitcoin aggressively, it will benefit the previous long-term owners because the price will be pumped which will increase the price of Bitcoin much higher in the long run and to reach $ 200,000 is very possible in 2025 and it will make those who have weak hands regret it. Bitcoin does not have a high price target because its price will continue to surpass its previous highs so never be satisfied because we will see the price of Bitcoin much higher there.

[Ricardo11]

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

I think the argument has shifted far away from trusting Bitcoin because even those who were vocal about Bitcoin going to zero are now silent even though they might not have come out publicly to admit that they were wrong. Instead we see the discussion centered on those saying that the price of Bitcoin have gone too high for them to invest now after they have been dragging legs for ever. These are the people we need to inform that they are never late because Bitcoin is just getting started. They have to know that if Bitcoin could hit $100, $1,000, $10,000 and now $100,000 then it is possible that it will reach $1,000,000 in a matter of time. So they have to appreciate the time factor of Bitcoin which is very important in maintaining stability and consistency in the accumulation process.

If you go through social media, you will see the promotion of various shitcoins with some calling their scheme the next Bitcoin. Some even attach statements like "if you miss Bitcoin, don't miss bla bla bla", meaning they believe that Bitcoin have become too expensive which is a blatant lie. So we have to challenge this wrong notion so that we will still see new low income earners and even big capital starting their investment in Bitcoin with optimism and thinking long term.

I agree with you, the idea of ​​"it's too late" to invest in Bitcoin is completely wrong. Because there is never a specific time to invest in Bitcoin for the long term. In the case of long term investment, we can start investing at any time.
The supply of Bitcoin is limited, and the acceptance of Bitcoin is also increasing constantly, so those who have not invested before, there is nothing to be disappointed, because Bitcoin $ 100K is a startup point, we are now at a starting point, now Bitcoin will go up to $ 150K - $ 250K - $ 500K - $ 1M.
So those who missed the opportunity of $ 100K should take advantage of the opportunity of $ 1M.
And to fully utilize this opportunity, they should start investing with DCA now and gradually build a Bitcoin stash. Your goal should be towards long-term holding, until you can achieve real success in Bitcoin.

[Mayor of ogba]

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

You are correct; those that were procrastinating in accumulating bitcoin will want to accumulate bitcoin aggressively now that bitcoin has made history to enable them to accumulate a reasonable amount of bitcoin in a short time, but they should not be carried away by the price of bitcoin and use the money that is meant to solve their daily expenses to accumulate bitcoin because they will end up selling their bitcoin to solve their daily expenses when they arise. Bitcoin investment is best done when you invest in a way that it will not stop you from solving your daily expenses, and you use the money that you will not need for like 4-10 years or more to invest in Bitcoin since the money is not allocated to solve your daily expenses, which will give an extra hand to hold your Bitcoin investment for 4-10 years or more.

[Samlucky O]

Snip
Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.

Surely it is up to those that didn't take bitcoin seriously and or those that said bitcoin will not hit $100k or $200k because weather they believed it or not it must hit $1m or even above. Here is my proof>> according to a thread by fillipone I came across sometimes ago which talk about Giovanni Santostasi - The Bitcoin Power Law Theory
Although I can't really explain everything about the law but the law somehowe is working accordingly because bitcoin has pass different price stages from different circle from $10 $100, $1000, $10000, now $100k, next will be $1m. if from $10 to $100k is achieved, what then will stop bitcoin from reaching $1m? $200k is even the least compeard to the future price.  Here is the image of the bitcoin power law theory.  

This is a rendition of the "bitcoin clock" using the Power Laws: the beautiful spiral well represents the soundness of the theory.

[JayJuanGee]

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

Seeing bitcoin at 102k benchmark shouldn't be the reason for any new investor to start accumulating bitcoin aggressively when he's not prepared for it because I see that as a dumb idea, because if you don't have the extra funds to invest aggressively, you will end up selling your bitcoin when the need of what you want to use the funds for arises.

A new investor shouldn't be investing on bitcoin because of the price at which bitcoin is, but because he wants to invest in a long time and acquire more bitcoin for himself and save his discretionary income from inflation in the long run so that he can remain focus on his target. This is because if you are acquiring bitcoin based on the price that you expect it to reach within a given period of time, you will be disappointed and frustrated if the price goes against you. Also we should only focus on our own bitcoin investment how to grow and build it by keeping our business accumulation ongoing, than distracting ourselves on what others are doing.

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme and at such they might make wrong investment decisions and can even invest the money that is not meant for investment and may not stay too long growing their investment, bitcoin has ups and downs hence it takes those has that personal conviction reasonable enough to lead  them in to Bitcoin to uphold their stand, maintain and sustain their belief, love and commitment they have for Bitcoin in all conditions whether Bitcoin is going up or coming down.

Anyone new to bitcoin still needs to get started.  That is step one, and the price doesn't matter, any no coiner needs to start out by buying some coin.  Otherwise they are ONLY preparing for down, which may or may not end up happening.

[laijsica]

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

Seeing bitcoin at 102k benchmark shouldn't be the reason for any new investor to start accumulating bitcoin aggressively when he's not prepared for it because I see that as a dumb idea, because if you don't have the extra funds to invest aggressively, you will end up selling your bitcoin when the need of what you want to use the funds for arises.

A new investor shouldn't be investing on bitcoin because of the price at which bitcoin is, but because he wants to invest in a long time and acquire more bitcoin for himself and save his discretionary income from inflation in the long run so that he can remain focus on his target. This is because if you are acquiring bitcoin based on the price that you expect it to reach within a given period of time, you will be disappointed and frustrated if the price goes against you. Also we should only focus on our own bitcoin investment how to grow and build it by keeping our business accumulation ongoing, than distracting ourselves on what others are doing.

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme and at such they might make wrong investment decisions and can even invest the money that is not meant for investment and may not stay too long growing their investment, bitcoin has ups and downs hence it takes those has that personal conviction reasonable enough to lead  them in to Bitcoin to uphold their stand, maintain and sustain their belief, love and commitment they have for Bitcoin in all conditions whether Bitcoin is going up or coming down.

Anyone new to bitcoin still needs to get started.  That is step one, and the price doesn't matter, any no coiner needs to start out by buying some coin.  Otherwise they are ONLY preparing for down, which may or may not end up happening.

I agree with you. Waiting for a time frame to invest in Bitcoin is a waste of time, which can delay us from stashing. It is exciting that if we wait any longer, our wealth may be wasted differently and it is time to decide on a rational strategy. To cope with the multifaceted pressure of wealth psychologically, we should make investment decisions with the expected opportunity to hold Bitcoin through more realistic behavior. For newcomers, this can be a great starting point and an opportunity to accumulate Bitcoin regardless of the ups and downs of the market. I am here urging the formation of a stash by coordinating with the rational behavior of the market, which can make a bitcoineers richer and richer over time than a no coiner within the means. Yes, as @Tmoonz mentioned, to maintain love and commitment long time.

[Taskford]

Seeing bitcoin at 102k benchmark shouldn't be the reason for any new investor to start accumulating bitcoin aggressively when he's not prepared for it because I see that as a dumb idea, because if you don't have the extra funds to invest aggressively, you will end up selling your bitcoin when the need of what you want to use the funds for arises.

A new investor shouldn't be investing on bitcoin because of the price at which bitcoin is, but because he wants to invest in a long time and acquire more bitcoin for himself and save his discretionary income from inflation in the long run so that he can remain focus on his target. This is because if you are acquiring bitcoin based on the price that you expect it to reach within a given period of time, you will be disappointed and frustrated if the price goes against you. Also we should only focus on our own bitcoin investment how to grow and build it by keeping our business accumulation ongoing, than distracting ourselves on what others are doing.

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme and at such they might make wrong investment decisions and can even invest the money that is not meant for investment and may not stay too long growing their investment, bitcoin has ups and downs hence it takes those has that personal conviction reasonable enough to lead  them in to Bitcoin to uphold their stand, maintain and sustain their belief, love and commitment they have for Bitcoin in all conditions whether Bitcoin is going up or coming down.

Anyone new to bitcoin still needs to get started.  That is step one, and the price doesn't matter, any no coiner needs to start out by buying some coin.  Otherwise they are ONLY preparing for down, which may or may not end up happening.

Can't deny for them to have doubts taking first step, but once they are already in the scene and frequently doing their accumulate and keep learning for sure everything will be worth it on their side especially if they set their mind to go for long term and just continue to accumulate whatever happens to the market.

Maybe those people waiting for dips is will not take everything easy for them since for sure that by watching the market it can create pressure them and scare their buts to take their first step on their bitcoin investment. That's why its strongly been advice that if they have funds to spend and want to became a bitcoin investor they should start right away and don't think anything that can delays them.

[Ricardo11]

Seeing bitcoin at 102k benchmark shouldn't be the reason for any new investor to start accumulating bitcoin aggressively when he's not prepared for it because I see that as a dumb idea, because if you don't have the extra funds to invest aggressively, you will end up selling your bitcoin when the need of what you want to use the funds for arises.

A new investor shouldn't be investing on bitcoin because of the price at which bitcoin is, but because he wants to invest in a long time and acquire more bitcoin for himself and save his discretionary income from inflation in the long run so that he can remain focus on his target. This is because if you are acquiring bitcoin based on the price that you expect it to reach within a given period of time, you will be disappointed and frustrated if the price goes against you. Also we should only focus on our own bitcoin investment how to grow and build it by keeping our business accumulation ongoing, than distracting ourselves on what others are doing.

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme and at such they might make wrong investment decisions and can even invest the money that is not meant for investment and may not stay too long growing their investment, bitcoin has ups and downs hence it takes those has that personal conviction reasonable enough to lead  them in to Bitcoin to uphold their stand, maintain and sustain their belief, love and commitment they have for Bitcoin in all conditions whether Bitcoin is going up or coming down.

Anyone new to bitcoin still needs to get started.  That is step one, and the price doesn't matter, any no coiner needs to start out by buying some coin.  Otherwise they are ONLY preparing for down, which may or may not end up happening.

Can't deny for them to have doubts taking first step, but once they are already in the scene and frequently doing their accumulate and keep learning for sure everything will be worth it on their side especially if they set their mind to go for long term and just continue to accumulate whatever happens to the market.

Maybe those people waiting for dips is will not take everything easy for them since for sure that by watching the market it can create pressure them and scare their buts to take their first step on their bitcoin investment. That's why its strongly been advice that if they have funds to spend and want to became a bitcoin investor they should start right away and don't think anything that can delays them.

In fact, there is no such thing as a "perfect startup point" or "perfect time" to start investing in Bitcoin, especially for those who plan to invest for the long term holding, they should start investing now, rather than waiting for the price to dump. Many people wait for the market to dip to start investing, but after some time the price has increased further, so they always miss out on good opportunities.
Therefore, those who plan to invest in the long term through DCA (at least for 10 years), they should be start investing now, without looking at the price, and continue to buy regularly, with a long-term holding perspective and regular investment, and gradually build a Bitcoin stash through the average price of Bitcoin, which can bring you more big success than over your expect.

[Gallar]

~Snip

Bitcoin hitting $100k plus is there anyone still not trusting Bitcoin.
Now this will make those who didn't take Bitcoin seriously to start accumulating aggressively in other to meet up but it may lead to there fall just calm down and continue accumulation slow and steady and don't let anyone deceive you that Bitcoin will not reach $200k.
Some set of people will become consistent now and later give up because Bitcoin didn't grow to $200k or more as fast as they were expecting and after giving up and as time goes on Bitcoin fit's $200k and more they start regretting just like they are now that Bitcoin is $100k.

If you look at the price of bitcoin, which has now reached its highest ATH again at $104K. People who think clearly will definitely trust bitcoin and immediately buy it. But if people don't think clearly, I think people like that will continue to ask questions and provide arguments saying that buying bitcoin right now is not the right thing. Because people who don't think clearly will think it's too late to buy bitcoin now and think the price is too high. Then for the people who buy bitcoin now and expect the price of bitcoin to soar to $200K soon. In my opinion, people like that are also wrong, because they don't look at the process and only focus on profits. So with this, their mentality will definitely be disturbed when the price of bitcoin, for example, does not reach $200K, and in the end they will probably give up. But that's the mentality of people who think bitcoin is just an asset that can be bought and sold and don't see the value bitcoin has. So in essence, such people will not appreciate the process and basically do not consider bitcoin as an investment asset. That's why many people just FOMO when the Bitcoin situation is like now, and end up quickly giving up. But it can't be helped, so I personally think it's better to just leave people like that, and let them learn from their own experience about Bitcoin.

[Roseline492]

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
 

On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.

[Tmoonz]

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
 

On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.

No doubt that more people will tend to invest in Bitcoin on seeing this $100k milestone, but if you actually get my point correctly you will understand that I was saying that when they become overly excited and invest in Bitcoin based this current trend, surely they might become devastated whenever they see Bitcoin making a downward trend and there is every possibility that they can even invest based on fear of missing out, I have got to understand that it is very wrong to make investment decisions in Bitcoin based on market sentiments, even though I quit agree with you that more people will come in to the space on seeing the $100k milestone but majority will not last because it is  primary assignment for anyone to come in terms with Bitcoin without considering price but understand the fundamentals, Bitcoin can go down to $60k , $50k or so and later come up again and what do you think will be the faith of those who got in and overly excited simply because Bitcoin has hit $100k milestone if Bitcoin happens to be going downtrends?

[SOKO-DEKE]

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
 

On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.

Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.

[Frankolala]

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
 

On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.

Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.

Seems your friends are short sighted and are not seeing the big opportunity bitcoin has when you invest and hodli. For anyone who thinks that you can jump into bitcoin and jump out, think deep and look around to see that currently, tech firms and government are the ones desperately rushing to acquire bitcoin in large quantity because they have seen the hidden potential in bitcoin as a store of value. They habe come to understand the power law of bitcoin.

This is why US government is planning on using bitcoin as reserve and Russia seems like following that road. All these signs alone is enough to encourage any trader or anyone planning to sell his bitcoin too soon to rethink about his actions. I must say that we are lucky to be involved currently in bitcoin accumulation game, because bitcoin is for both the rich and poor, if not we might not have the financial power to buy the little bitcoin that we are buying weekly, if the government and other big firms start accumulating aggressively because the price of bitcoin will skyrocket and becomes very expensive. This is why we need to be consistent in buying always now that bitcoin is still cheap, to avoid being a problem to our own financial breakthrough.

[Agbamoni]

Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.

Haha, your friend will be disappointed with the approach he has taken. Bitcoin is not a magic money-making machine. It's a seed you plant and water it for a time to start bearing fruit. And you know you don't get to see the ripe fruit immediately it needs to be given some time. Thinking the price will go up soon is fine because it will at least for a while. After all, it is meant to be volatile. But planning to take short-term gains is a bad idea.

If your friend is dear to you. Then tell him about the benefit of long-term investment and the plan to be patient enough for the potential benefit in the long run. Don't impose anything on him, let him make the decision himself. At least you have done well sharing your knowledge which you have grasped here to him. Whatever becomes the outcome he will take full responsibility for it.

[Zackz5000]

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
 

On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.

Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.

Seems your friends are short sighted and are not seeing the big opportunity bitcoin has when you invest and hodli. For anyone who thinks that you can jump into bitcoin and jump out, think deep and look around to see that currently, tech firms and government are the ones desperately rushing to acquire bitcoin in large quantity because they have seen the hidden potential in bitcoin as a store of value. They habe come to understand the power law of bitcoin.

This is why US government is planning on using bitcoin as reserve and Russia seems like following that road. All these signs alone is enough to encourage any trader or anyone planning to sell his bitcoin too soon to rethink about his actions. I must say that we are lucky to be involved currently in bitcoin accumulation game, because bitcoin is for both the rich and poor, if not we might not have the financial power to buy the little bitcoin that we are buying weekly, if the government and other big firms start accumulating aggressively because the price of bitcoin will skyrocket and becomes very expensive. This is why we need to be consistent in buying always now that bitcoin is still cheap, to avoid being a problem to our own financial breakthrough.

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

[BITCOIN4X]

~Snip

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

[JayJuanGee]

[edited out]

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

You are correct that real poor people have a bit of a dilemma, and potentially one of the ways out of being poor is to be able to invest.  Yet a poor person cannot invest , unless he can identify discretionary income that he is able to put away and not touch for many years.  So a real poor person is faced with ongoing needs to increase income, and he likely does not have very many extra expenses that he would be able to cut.  Some of the really poor people are not in a position to invest in bitcoin, and perhaps if they are not either able to increase their income and/or decrease their expenses, they will not be able to invest into bitcoin until they are able to establish a disposable income for themselves.

[edited out]

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

Of course, another way for a poor  person to get bitcoin is by earning it, yet he still is ONLY able to hang onto his bitcoin if he has a discretionary income or the extra bitcoin that he earns is above the monthly costs of his expenses. 

[Ruttoshi]

[edited out]

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

You are correct that real poor people have a bit of a dilemma, and potentially one of the ways out of being poor is to be able to invest.  Yet a poor person cannot invest , unless he can identify discretionary income that he is able to put away and not touch for many years.  So a real poor person is faced with ongoing needs to increase income, and he likely does not have very many extra expenses that he would be able to cut.  Some of the really poor people are not in a position to invest in bitcoin, and perhaps if they are not either able to increase their income and/or decrease their expenses, they will not be able to invest into bitcoin until they are able to establish a disposable income for themselves.

Of course, that's the only way that a poor guy that has the zeal an d passion to invest in bitcoin with no discretionary income can get into bitcoin accumulation train by looking for an extra source of income. He can get a second job to enable him use the income as his discretionary income so that he can start his bitcoin investment and continue buying with DCA regularly overtime.

This was the same thing my eldest sister did. I told her about bitcoin and she knows that I am investing. She has very little discretionary income and when we did the calculations together of how much she can use to invest in bitcoin for a long-term, it happens that it was only $5. This is a very small amount, but I didn't discourage her, rather I told her to look an additional means of income. She cut down some family expenses that is not necessarily, and was able to get extra $5 from cutting down of expenses. She started investing with $10.

After two months, she told me that she has gotten a second means of income and she increased her weekly DCA to $40, and she is happy with her ongoing bitcoin accumulation. She told me that she has been called on an interview for a good paying job and that if she gets the job, she will increase her DCA amount again. So if poor people who cannot afford to invest in bitcoin, looks for way to improve their financial status, they'll definitely have a discretionary income to invest in bitcoin, and who knows what tomorrow has for you. You might have a better source of income tomorrow and it wouldn't be like you are just starting because you have looked for a way to start buy with little amount initially.

If the way the poor are putting money into gambling that they will loss more is the same way that they are buying bitcoin with the money that they are losing to gambling, many of them would have gone far in their bitcoin investment.