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Ishicryptic
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January 22, 2025, 09:43:38 AM Merited by JayJuanGee (1) |
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I totally understand your point though sometimes it is not just about knowing something that will make one to be aware of the benefits of that particular thing because I have seen a lot of people who understands or let me use the word know, they know Bitcoin but they don't still understand the benefits of holding for long term because they are just in interested in short term profit. However, the time one start holding Bitcoin doesn't really matter what matter is, how consistent, discipline, patient etc they are with their holding and the ability to manage their investment.
I don't always blame those who did not invest in Bitcoin, some are not inclined to internet investment, while others who can risk it might not have the needed trust in it, and you can't blame them for that, it takes time. Even though you are factually correct that bitcoin is "an internet investment," it can be quite problematic when bitcoin is actually thought of in that kind of a way, even if it is factually correct. There has to be some kind of a feel or understanding regarding how technology has actually discovered (if not invented) a way in which there is a money (namely bitcoin) that is more sound than any money that has ever existed.... and a kind of way that bitcoin has changed all previous paradigms of how value is stored and/or how it is transmitted, and yeah it is digital and it is information that has value attached that cannot be duplicated.. and yeah there is technology that is still tethered to man and interactions through the energy invested into mining that solves the blocks yet incentivized the competition of miners to attach real world computation/energy to rewards that come through correctly guessing the blocks.. and for sure technical and for sure ingenious, yet at the same time a paradigm change in money.. that may well be close to impossible to replicate - even though there are surely a lot of attempts to replicate, imitate, copy and really affinity scam off of it, and at the same time, bitcoin is the one that resolved the issue and bitcoin is the leader not ONLY because that they were first, but that the same problem has a very unlikelihood of replication, including that there are no needs for any others once pegged to bitcoin.. and yeah, there may not be any needs to understand anything too exact about why bitcoin resolves any problem to accept that taking a position in bitcoin is still within the interest of everyone, and sure the more skeptical may well end up taking a smaller position than the one who believes more, yet the answer to the question about investing into bitcoin should end up being not about whether but instead about how much.... and so anyone answering no to the whether, then they are just going to have to live with their chosen state of having fun staying poor, at least until they might later come to bitcoin at a later date and then end up answering affirmatively and correctly to the "whether" question.. Surely some folks have challenges when it comes to the technological part, so figuring out whether to store bitcoin through some exchange (third party) or figuring out how to hold it themselves in a secure way... and I am not going to say that the hurdles of getting in are easy, which likely helps to demonstrate that any of us buying and/or adopting bitcoin and answering affirmative to the whether question, are still quite early to bitcoin. Many have also been scammed in the name of Bitcoin, with Ponzi, direct fraud and even by those who introduced it to them, and their mentors. Not everybody is lucky to follow the right channel and I tell you today that my adoption of Bitcoin was late because of my scepticism then and I would even have been scammed by all those useless centralised wallets like freewallet.org.
Yep. Not easy to figure out both 1) bitcoin first, and 2) don't fuck around with trading. Two important lessons for beginners to hopefully learn earlier rather than later. Thanks to Bitcointalk. So we should continue to encourage those who are in this category, guide them and furnish them with the needed resources to read. With time, and also with how Bitcoin has proven itself to be a worthy investment, they will be convinced and invest eventually.
Any newbie. Start buying as soon as you figure out how to source coins, and learn as you go. Owning bitcoin will inspire learning, even if the starting amount might be $10 per week...and the building of the stash and the amount invested per week can increase with the increasing of the learning and the building of the comfort about cash management skills which are likely close to as important as learning about bitcoin itself... Out of the 9 individual factors, figuring out the value of bitcoin as compared to other places to put value is only 1 out of the 9 factors. I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Anytime I see someone waiting for the dip to invest in Bitcoin, I always feel like that person is missing an opportunity, because regardless of the price of Bitcoin at the time you want to invest, you will definitely get a profit after holding for a long period of time. Bitcoin grows in value, and that is why I feel like it is always the right time to invest. As an investor who already knows about Bitcoin, you should be aware that with the current growth of Bitcoin, there is still a bigger one coming. Maybe because that's what they know about investing on Bitcoin people commonly think that buying at the dip then sell is is the most basic thing they need to do. But they didn't realize that they are not doing good since it will just delay their accumulation and instead of they already have decent volume here they are still waiting for dip and still speculating. If they didn't erase the thoughts that buying at the dip provably that they cannot start on their investment since fear is so high when market is dumping. But if they are already starting and didn't care about the price provably that their accumulation will continue and they provably not gonna bother to pay attention with FUD's and FOMO's. That is a nice way of placing a psychological and a practical framework on the idea of getting started to matter the current BTC price. Accordingly, getting started factually resolves a lot of issues that any newbie might have, including putting financial and psychological matters into a kind of solid place so that if there later happens to be a dip in the BTC price at some later point in time after the newbie had already started buying bitcoin, the newbie will be in a much better position to actually personally realize and identify the significance of the dip in personally relevant and meaningful ways based on their already being in a personalized practice of buying bitcoin regularly..perhaps even several weeks before some of the practice of buying bitcoin regularly contributes towards understanding bitcoin on a much deeper level than the person who has absolutely no personal bitcoin experience beyond theorizing about it or seeing it mentioned on some misinformative and deceptive news clip. I think there's no harm in waiting for a slight decline to make purchases on bitcoin.
There is no harm as long as you have already bought some and even if you have been buying bitcoin regularly, persistently, consistently and perhaps even aggressively. If you have not already bought some bitcoin, then there likely is quite a bit of harm in waiting, since waiting is not a good mindset or practice, especially when it comes to bitcoin investing. So, yeah, I would suggest that there can be quite a few situations in which waiting, especially when it comes to bitcoin, is actually harmful even if the person might not realize the level of harm actually being done... Reading through all the quotes on this post, what I can sum up is that if a newbie has equipped himself with the correct knowledge of how Bitcoin circle works, they don't need to wait till we enter bear run when price has dip because when it's bull run price will always peak and touch new ATH. For people who are in it for the long term there is no reason to worry and speculate when Bitcoin will rally because they know it's potentials to always skyrocket during it's bull circles. That is why DCA method comes highly recommended for people who thinks that they are not moneybags that can turn to whales and accumulate enough stash all at once, there is no genuine excuse for somebody that earns decent income not to accumulate Bitcoin. From my little research I found out that many newbies are waiting for the perfect time to start buying when Bitcoin will probably dip to $40k and below but they fail to understand that they can wait an entire circle and it won't happen, time waits for no man. Nobody can manipulate Bitcoin price on the long term so buy anytime that you have the money, stop speculating the perfect opportunity, unless you want to take profit on the short term. I don't worry about people who are still skeptical about Bitcoin in 2025, or those that are not internet compliant, Bitcoin is a moving train, whether you are on it or not, it's moving and those that have made the decision to hodl are getting returns on their investments. This fact is obvious as more people are becoming aware of the transparency of the blochchain and the testimonies of people that have gotten rich through their investment returns. Bitcoin adoption is increasing and the sooner that people that are not on it realizes it the more profitable it will be for all of us in the future because it's finite supply will always create scarcity which will make it's price to always reach ATH.
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ultrloa
Legendary
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Merit: 1417
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January 22, 2025, 09:47:13 AM |
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I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Anytime I see someone waiting for the dip to invest in Bitcoin, I always feel like that person is missing an opportunity, because regardless of the price of Bitcoin at the time you want to invest, you will definitely get a profit after holding for a long period of time. Bitcoin grows in value, and that is why I feel like it is always the right time to invest. As an investor who already knows about Bitcoin, you should be aware that with the current growth of Bitcoin, there is still a bigger one coming. Although there is nothing wrong in waiting to buy the dip if you have discretion income to buy at any given time. Or if you are combining other strategies. The only problem one can face is only focusing in buying Bitcoin dip without consedering other investment strategy. Because there is alot of people that only want to buy bitcoins when it is dip as a main priority and forgets to buy through DCA, in such situations such person can be considered missing opportunity. Considerable for experience dude since maybe they know how to handle their selves towards this situation but that doesn't make sense all the time as the market moves in unknown direction. So if people will always use this strategy then provably that they are lose good phases where they can acquired bitcoin and their next phase of accumulation might just get bothered especially if they are there waiting for those dips to come. This is somehow bad decision if you are long term investor because we might messed up our accumulation or DCA plans with that situations. There's no guarantee for anyone that they could really spot those dips that they wanted so better be consistent and don't listen to other people disturb us saying that we should wait for the dip since for sure they also don't know what they are doing.
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hero_the_bossman
Member

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Activity: 434
Merit: 13
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January 22, 2025, 09:51:14 AM |
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Although there is nothing wrong in waiting to buy the dip if you have discretion income to buy at any given time. Or if you are combining other strategies. The only problem one can face is only focusing in buying Bitcoin dip without consedering other investment strategy. Because there is alot of people that only want to buy bitcoins when it is dip as a main priority and forgets to buy through DCA, in such situations such person can be considered missing opportunity.
It would still bring results in the end, if holdled appropriately. However, the PNL may be smaller than by doing DCA. Or bigger. Depends on the market, the person in question, and the time that was passed by.
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MainIbem
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January 22, 2025, 10:08:10 AM |
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Suppose you were thinking of buying Bitcoin, but you waited a little longer and the price went up. Now, you may be forced to buy at a slightly higher price than before, or it may be that the money you had at that time was spent elsewhere and you no longer have the opportunity to buy Bitcoin.
I think you are missing something here which is the reason why I want to call back your attention seeing how hard you are trying to comprehend what buying and holding of Bitcoin is all about, a real investor doesn't wait on the price of Bitcoin to go up or down before purchasing Bitcoin if you are a real holder to will understand that the goal is to keep accommodating no matter the current situation of the market and since the idea is long term investment you have no fear of losing your money because Bitcoin investment especially for long term holders is a guaranteed investment that leaves the investor with nothing other than profit at the end. There's always an opportunity for an investor and there's no late time for any strong holder who has no fear in him to invest in Bitcoin. You should have your holding plans and have a source menwt for purchasing Bitcoin so that you will not have a double mind on the money you want to use to purchase Bitcoin. As a long-term holder of Bitcoin I don't think any investor should be scared of purchasing Bitcoin at any given time, whether as a new or old investor the person should be confident and trust that profit is guaranteed in the future cause while waiting for the price to decline before buying volatility may occur and the price would increase thereby causing the investor to mix buying at a purchasing point while waiting for a more cheaper one, infact volatility doesn't affect the DCA so an investor so far the investor has source of income that gives them the purchasing power to accumulate at different intervals. Every long-term holder ain't supposed to be double minded concerning adding more Bitcoin to their portfolio, infact it helps to maximize profits for the future and so far the investor is thinking long-term, they should be rest assured that success in the future is guaranteed.
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Obim34
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January 22, 2025, 12:08:40 PM |
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I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Anytime I see someone waiting for the dip to invest in Bitcoin, I always feel like that person is missing an opportunity, because regardless of the price of Bitcoin at the time you want to invest, you will definitely get a profit after holding for a long period of time. Bitcoin grows in value, and that is why I feel like it is always the right time to invest. As an investor who already knows about Bitcoin, you should be aware that with the current growth of Bitcoin, there is still a bigger one coming. Although there is nothing wrong in waiting to buy the dip if you have discretion income to buy at any given time. Or if you are combining other strategies. The only problem one can face is only focusing in buying Bitcoin dip without consedering other investment strategy. Because there is alot of people that only want to buy bitcoins when it is dip as a main priority and forgets to buy through DCA, in such situations such person can be considered missing opportunity. In fact, waiting to buy DIP is never a good strategy, because the market does not always dip as expected, Bitcoin's movements are always unpredictable, so the DIP you are waiting for, it may never come. There are many who, while waiting for DIP, refrain from buying when the price increases and ultimately lose the opportunity. This is why it is always recommended to invest using the DCA strategy for Bitcoin investment. If you invest continuously for a long time using the DCA strategy alone, then Bitcoin can be accumulated at an average price. Along with this, if you keep the necessary "emergency fund" and "reserve fund" ready, By Keeping DCA consistent, You can buy DIP at the right time with reserve funds. Which will increase your portfolio in a better way. Which can bring much more profit in the future. So invest using the DCA strategy and move forward consistently towards long-term goals. Only by holding for a long time can you increase your chances of profitability much more. Don't say never, i am in for accumulating through DCA but i won't condemned those who use the DIP approach moreover irrespective of their difference they still at last pull out good sum of profits only that one might not be lucky enough to gain as much as the other. In some case, an investor that purchase the DIP can basically get more in profit than the person that DCA. DCAing and making huge profits depends on the capital, time interval and how lucky the price of Bitcoin should DIP occasionally, if the price of Bitcoin should consolidate longer at a specific price then go further to make ATH, those who had bought earlier at the DIP will be counting on more profits. Both strategies can be applied together, if Bitcoin should make the ATH this year, it will be unfavorable to purchase huge amount at that moment, it's a common reasoning for every investor but just for the sake of keeping the investment process investors can keep to DCA in smaller amounts then within the price fall taking us to the bear market, there should be an increase in how much spent on buying, to some extent if the price should fall down enough and the investor seem alright with the dip he can eventually choose to buy the DIP, it's all about being smart and able to initiate buys to make the most.
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Tamaperdana
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January 22, 2025, 01:47:11 PM |
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I think there's no harm in waiting for a slight decline to make purchases on bitcoin.
There is no harm as long as you have already bought some and even if you have been buying bitcoin regularly, persistently, consistently and perhaps even aggressively. If you have not already bought some bitcoin, then there likely is quite a bit of harm in waiting, since waiting is not a good mindset or practice, especially when it comes to bitcoin investing. So, yeah, I would suggest that there can be quite a few situations in which waiting, especially when it comes to bitcoin, is actually harmful even if the person might not realize the level of harm actually being done... You are right, waiting for the price to fall to buy bitcoin is less relevant for novice investors who are just starting to invest. Because when beginners to bitcoin wait to make purchases, I think they will lose good momentum. So for beginners, it is recommended to make purchases where the cold money is ready. Then regarding the dangers of waiting to buy bitcoin, what you mean by my assumption might have a very complex meaning (especially for beginners). Because the worst thing that could happen when novice investors wait too long to invest in Bitcoin is that the money they were going to invest is used up by other needs. This assumption will certainly have some pros and cons, because it could be answered that it means the person does not have reserve funds or emergency funds. This could indeed be true. But in certain situations, sometimes even investors who have emergency funds cannot cover sudden needs. Then secondly, waiting too long when buying bitcoin might have a quite negative impact on the way we view bitcoin. Because it could be that beginners wait too long for the price of Bitcoin to fall, and the price doesn't go down. This will change beginners' assumptions about Bitcoin. So it could be that the beginner gives up because he thinks the price of bitcoin will never fall again as he expected. Maybe the opinion I express is a little wild, but I have heard this from several people around me. Because it cannot be denied that many people now know about Bitcoin, but are hesitant to buy it because of its high price.
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Fara Chan
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January 22, 2025, 02:01:26 PM |
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...
It would still bring results in the end, if holdled appropriately. However, the PNL may be smaller than by doing DCA. Or bigger. Depends on the market, the person in question, and the time that was passed by. And make no mistake that people who often see their own PNL numbers every time the market opens are people who have a type like traders, not the type like investors who may only see how many assets they have bought and will continue to plan to buy again in the near future. So it also depends on the type of each person because DCA is only used more often by investors, not by traders who after buying some time ago immediately want to see the level of profit they can get in a short time.
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Olatundespo
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January 22, 2025, 03:38:36 PM |
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I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Anytime I see someone waiting for the dip to invest in Bitcoin, I always feel like that person is missing an opportunity, because regardless of the price of Bitcoin at the time you want to invest, you will definitely get a profit after holding for a long period of time. Bitcoin grows in value, and that is why I feel like it is always the right time to invest. As an investor who already knows about Bitcoin, you should be aware that with the current growth of Bitcoin, there is still a bigger one coming. Although there is nothing wrong in waiting to buy the dip if you have discretion income to buy at any given time. Or if you are combining other strategies. The only problem one can face is only focusing in buying Bitcoin dip without consedering other investment strategy. Because there is alot of people that only want to buy bitcoins when it is dip as a main priority and forgets to buy through DCA, in such situations such person can be considered missing opportunity. I think if you have discretionary income you don't need to wait for dips because one day of time spent accumulating assets like Bitcoin means you will be behind by one day. Over time the value of Bitcoin will increase or decrease however you should continue to accumulate Bitcoin from discretionary income regardless of the value and it is a future strategic asset. Anyone cannot say for sure whether the value of Bitcoin will decrease or increase tomorrow we are just speculating. I think Bitcoin is still worth the dips and now in teenage. In the DCA method of accumulating Bitcoin you don't need to look for dips with a microscope as you will keep buying Bitcoin from discretionary income every week or month as your portfolio will show average UP as a result of different price purchases. As you said some people who prioritize excessively. Some investors driven by emotion make decisions to buy Bitcoin without considering future backup funds could be misleading for them in the long run.
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Sim_card
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January 22, 2025, 04:01:45 PM |
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Suppose you were thinking of buying Bitcoin, but you waited a little longer and the price went up. Now, you may be forced to buy at a slightly higher price than before, or it may be that the money you had at that time was spent elsewhere and you no longer have the opportunity to buy Bitcoin.
I think you are missing something here which is the reason why I want to call back your attention seeing how hard you are trying to comprehend what buying and holding of Bitcoin is all about, a real investor doesn't wait on the price of Bitcoin to go up or down before purchasing Bitcoin if you are a real holder to will understand that the goal is to keep accommodating no matter the current situation of the market and since the idea is long term investment you have no fear of losing your money because Bitcoin investment especially for long term holders is a guaranteed investment that leaves the investor with nothing other than profit at the end. Bitcoin investment is not guarentee to be profitable in the long run because no investment is 100% guaranteed. However, we are investing in bitcoin because we have the believe that it's an asset that will increase in price overtime due to the history of bitcoin and our experience of it as we are investing overtime, and that gives us more confidence to continue building and accumulating bitcoin because our strong believe in it as time passes on. There's always an opportunity for an investor and there's no late time for any strong holder who has no fear in him to invest in Bitcoin. You should have your holding plans and have a source menwt for purchasing Bitcoin so that you will not have a double mind on the money you want to use to purchase Bitcoin.
It's a norm that a new investor who has very little knowledge of bitcoin will have fear in the beginning as he is investing because he hasn't understand bitcoin but as time passes on, as he is learning and investing at the same time, he will be growing confidence in bitcoin and this is why new beginners need to start buying bitcoin immediately they can get started so that they start learning by buying as experience is the best teacher. Any new investor having double mind to invest in bitcoin should start with little amount from his discretionary income,and as he continue buying with that amount for a year and above, he can increase his DCA amount when his confidence in bitcoin has increased. The most important thing is that he should get started with his bitcoin accumulation journey.
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Ruttoshi
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January 22, 2025, 04:17:51 PM |
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I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Anytime I see someone waiting for the dip to invest in Bitcoin, I always feel like that person is missing an opportunity, because regardless of the price of Bitcoin at the time you want to invest, you will definitely get a profit after holding for a long period of time. Bitcoin grows in value, and that is why I feel like it is always the right time to invest. As an investor who already knows about Bitcoin, you should be aware that with the current growth of Bitcoin, there is still a bigger one coming. Although there is nothing wrong in waiting to buy the dip if you have discretion income to buy at any given time. Or if you are combining other strategies. The only problem one can face is only focusing in buying Bitcoin dip without consedering other investment strategy. Because there is alot of people that only want to buy bitcoins when it is dip as a main priority and forgets to buy through DCA, in such situations such person can be considered missing opportunity. In fact, waiting to buy DIP is never a good strategy, because the market does not always dip as expected, Bitcoin's movements are always unpredictable, so the DIP you are waiting for, it may never come. There are many who, while waiting for DIP, refrain from buying when the price increases and ultimately lose the opportunity. This is why it is always recommended to invest using the DCA strategy for Bitcoin investment. If you invest continuously for a long time using the DCA strategy alone, then Bitcoin can be accumulated at an average price. Along with this, if you keep the necessary "emergency fund" and "reserve fund" ready, By Keeping DCA consistent, You can buy DIP at the right time with reserve funds. Which will increase your portfolio in a better way. Which can bring much more profit in the future. So invest using the DCA strategy and move forward consistently towards long-term goals. Only by holding for a long time can you increase your chances of profitability much more. Don't say never, i am in for accumulating through DCA but i won't condemned those who use the DIP approach moreover irrespective of their difference they still at last pull out good sum of profits only that one might not be lucky enough to gain as much as the other. In some case, an investor that purchase the DIP can basically get more in profit than the person that DCA. DCAing and making huge profits depends on the capital, time interval and how lucky the price of Bitcoin should DIP occasionally, if the price of Bitcoin should consolidate longer at a specific price then go further to make ATH, those who had bought earlier at the DIP will be counting on more profits. Both strategies can be applied together, if Bitcoin should make the ATH this year, it will be unfavorable to purchase huge amount at that moment, it's a common reasoning for every investor but just for the sake of keeping the investment process investors can keep to DCA in smaller amounts then within the price fall taking us to the bear market, there should be an increase in how much spent on buying, to some extent if the price should fall down enough and the investor seem alright with the dip he can eventually choose to buy the DIP, it's all about being smart and able to initiate buys to make the most. I believe that there are different levels that buying dip and DCA strategy are used, and this is based how the size of your bitcoin portfolio and how long you have been into bitcoin investment. All strategies are good but it's good that you use them at the right time on your ongoing bitcoin accumulation journey. A brand new investor or a low coiner should focus more on using DCA to accumulate bitcoin and can lump sum at the same time when an unexpected funds come in without a budget, because he is still new to bitcoin and has very little size of bitcoin. DCA strategy will help him keep buying bitcoin with his discretionary income every week for 4-10 years and above, before you know it, his bitcoin stash would keep on increasing gradually every week overtime. This is because DCA helps you to accumulate more quantity of bitcoin overtime. Buying at the dip is for those investors who have reached more than halve of their bitcoin target. There is no problem if such people wait for the dip to enable them add a significant amount of bitcoin to their portfolio, because they already have a good size of bitcoin in their custody.
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Stablexcoin
Sr. Member
  
Online
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January 22, 2025, 05:44:32 PM |
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Although there is nothing wrong in waiting to buy the dip if you have discretion income to buy at any given time. Or if you are combining other strategies. The only problem one can face is only focusing in buying Bitcoin dip without consedering other investment strategy. Because there is alot of people that only want to buy bitcoins when it is dip as a main priority and forgets to buy through DCA, in such situations such person can be considered missing opportunity.
You can buy the dip but don't time the market. For a Bitcoin investor waiting to buy the dip should be a second option for accumulating Bitcoin. The first choice must be one of the strategies like lump sum or DCA to mention a few others. DCA is more a comfortable approach to buying Bitcoin while waiting for the dip to buy. Waiting to buy Bitcoin on dips when there is no consistent strategy that an investor puts into practice is similar to timing the market and timing the market is literally trading if you look at it properly.
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Jewan420
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January 22, 2025, 06:00:58 PM Merited by JayJuanGee (1) |
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Bitcoin investment is not guarentee to be profitable in the long run because no investment is 100% guaranteed. However, we are investing in bitcoin because we have the believe that it's an asset that will increase in price overtime due to the history of bitcoin and our experience of it as we are investing overtime, and that gives us more confidence to continue building and accumulating bitcoin because our strong believe in it as time passes on.
Investment is a combination of profit and loss. You will not find any investment asset or investment medium where there is no possibility of loss. Similarly, Bitcoin investment will not give you a 100% guarantee of profit. If someone guarantees you profit from Bitcoin investment, then you can freely call him a hypocrite. Guaranteeing profit in Bitcoin investment means that you are telling the future of Bitcoin, which is absolutely impossible for a human being. However, we consider Bitcoin as a reliable investment asset where we see the possibility of profit as high, provided that you must be long-term. The reason why we ask you to invest money that you can lose is considering the potential loss of Bitcoin. Although the possibility of loss is somewhat less in long-term investment, we must be prepared for it. The main goal of investment is to make profit, but you must be aware of the loss and have a plan to take necessary steps.
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bitzizzix
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January 22, 2025, 06:30:30 PM |
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Suppose you were thinking of buying Bitcoin, but you waited a little longer and the price went up. Now, you may be forced to buy at a slightly higher price than before, or it may be that the money you had at that time was spent elsewhere and you no longer have the opportunity to buy Bitcoin.
I think you are missing something here which is the reason why I want to call back your attention seeing how hard you are trying to comprehend what buying and holding of Bitcoin is all about, a real investor doesn't wait on the price of Bitcoin to go up or down before purchasing Bitcoin if you are a real holder to will understand that the goal is to keep accommodating no matter the current situation of the market and since the idea is long term investment you have no fear of losing your money because Bitcoin investment especially for long term holders is a guaranteed investment that leaves the investor with nothing other than profit at the end. Bitcoin investment is not guarentee to be profitable in the long run because no investment is 100% guaranteed. However, we are investing in bitcoin because we have the believe that it's an asset that will increase in price overtime due to the history of bitcoin and our experience of it as we are investing overtime, and that gives us more confidence to continue building and accumulating bitcoin because our strong believe in it as time passes on. There's always an opportunity for an investor and there's no late time for any strong holder who has no fear in him to invest in Bitcoin. You should have your holding plans and have a source menwt for purchasing Bitcoin so that you will not have a double mind on the money you want to use to purchase Bitcoin.
It's a norm that a new investor who has very little knowledge of bitcoin will have fear in the beginning as he is investing because he hasn't understand bitcoin but as time passes on, as he is learning and investing at the same time, he will be growing confidence in bitcoin and this is why new beginners need to start buying bitcoin immediately they can get started so that they start learning by buying as experience is the best teacher. Any new investor having double mind to invest in bitcoin should start with little amount from his discretionary income,and as he continue buying with that amount for a year and above, he can increase his DCA amount when his confidence in bitcoin has increased. The most important thing is that he should get started with his bitcoin accumulation journey. You are right, but personally I would say that Bitcoin will guarantee or provide 100% profit if done in the long term and there is nothing that is not profitable for those who invest in Bitcoin in the long term. The most important thing as you mentioned, must have strong faith and also strong patience and both of these things are the most important things to instill in ourselves and believe that Bitcoin will provide a decent profit if done in the long term because it has been proven. And besides that I consider beginners the same as me when I was a beginner, and at that time I could learn everything related to Bitcoin by doing it in small amounts and over time I was finally able to understand and find the best way after experiencing panic, small losses and so on. So if beginners know the potential of Bitcoin can be profitable especially for the long term, it is better to do and live it according to your abilities and learn, recognize and also understand Bitcoin and also yourself, your finances and manage them well as a whole because when you do all that then it will be your motivation to try to continue buying Bitcoin regularly and holding it for the long term to get extraordinary profits and this is what makes me 100% sure that Bitcoin is guaranteed to be profitable.
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Miles2006
Sr. Member
  
Online
Activity: 854
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Top-tier crypto casino and sportsbook
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January 22, 2025, 09:16:34 PM |
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Bitcoin investment is not guarentee to be profitable in the long run because no investment is 100% guaranteed. However, we are investing in bitcoin because we have the believe that it's an asset that will increase in price overtime due to the history of bitcoin and our experience of it as we are investing overtime, and that gives us more confidence to continue building and accumulating bitcoin because our strong believe in it as time passes on.
Investment is a combination of profit and loss. You will not find any investment asset or investment medium where there is no possibility of loss. Similarly, Bitcoin investment will not give you a 100% guarantee of profit. If someone guarantees you profit from Bitcoin investment, then you can freely call him a hypocrite. Guaranteeing profit in Bitcoin investment means that you are telling the future of Bitcoin, which is absolutely impossible for a human being. However, we consider Bitcoin as a reliable investment asset where we see the possibility of profit as high, provided that you must be long-term. The reason why we ask you to invest money that you can lose is considering the potential loss of Bitcoin. Although the possibility of loss is somewhat less in long-term investment, we must be prepared for it. The main goal of investment is to make profit, but you must be aware of the loss and have a plan to take necessary steps. I’m certain everyone investing know what’s required for investing so they don’t put their all, at this point going all in is not the best thing to do even if believing in bitcoin although as an investor we all give a kind of motivation to keep going with our investment. There’s no risk free investment, bitcoin for example a lot of people still miss out during the process when investing no doubt, generally bitcoin is unpredictable and using funds meant for something else to invest is actually not right, why not create a good budget that can help straighten ones plan towards accumulating and build a good management plan in terms of dividing funds.
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to "non-custodial"
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January 22, 2025, 09:36:51 PM |
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[edited out]
Reading through all the quotes on this post, what I can sum up is that if a newbie has equipped himself with the correct knowledge of how Bitcoin circle works, they don't need to wait till we enter bear run when price has dip because when it's bull run price will always peak and touch new ATH. If you are going to sum up a post, there is some value in getting it right, and surely I cannot imagine myself proclaiming that bitcoin will always make a new ATH. On the other hand, if BTC does make a new ATH, then by definition everyone who bought previously would nominally be in profits as long as they only bought and did not sell. Sure with nominal values we still could have problems about the debasement of the dollar that might end up causing the real values to NOT be in profits. For people who are in it for the long term there is no reason to worry and speculate when Bitcoin will rally because they know it's potentials to always skyrocket during it's bull circles.
You are not good at summarizing, even though we know historically bitcoin has had a lot of volatility and bitcoin has generally trended up. We can also assign probabilities that in the future bitcoin will tend to skew upward and it has pretty high chances of continuing to be quite volatile, including in the upwards direction, even though the direction of the volatility is not guaranteed to go up... or even to "always" skyrocket... but sure it is not unusual for bitcoin to have great price moves in either direction and even if we cannot expect them to be guaranteed to happen, we could still accept them as a kind of common dynamic in bitcoin. That is why DCA method comes highly recommended for people who thinks that they are not moneybags that can turn to whales and accumulate enough stash all at once,
DCA works for everyone, yet sure there are folks who have a lot of money, so they would have more options, even though DCA might work quite well for them both in terms of supplementing other strategies (such as lump sum and buying on the dip) and also in terms of easing into a position, whether it is spread over a relatively short period of a few weeks or spreading out their easing into a position over a year or more. So sure, people with more money and more discretionary income have more options, yet even poor people still could end up building up various money management systems in which they are able to use all three buying options, even though with poor people it sometimes could take them several years to really strengthen their cashflow management, yet even with smaller amounts they could potentially practice with the other strategies, even though surely it makes less sense to be dividing $10 into smaller categories as compared with dividing $500 or more into smaller categories.. yet even a poor person could still divide his $10 per week into the 2 categories of buying right away with one of the categories and then saving the other one up for buying on the dip.. and I would not really recommend saving to buy the dip when the amounts are so small. We could imagine that a person still might be poor, but ever once in a while he gets $500, so then he ends up dividing that $500 into three categories of 1) buying right away, 2) dca over a period of time with a certain amount and frequency and 3) buying on the dip and figure out how much of a dip and how much for various parts of the subdivided amount... and yeah, it is way more powerful to be able to work with larger amounts, yet someone who practices, and tries to be somewhat practical with his practicing, he will likely be in a much better position to practice with higher amounts if all of a sudden he is surprised and he received a $500 bonus, then his prior practice helps him to be in a better place to think about how to allocate his $500 bonus in a way that is comfortable to his situation.. and if for example, the guy has $200 per month of expenses, yet up until that point he had not quite gotten his emergency fund up to 3 months, which would be $600, and he had only built up about $430 in his emergency fund, so maybe he would be comfortable to use the $170 to buttress up his emergency fund, and perhaps put another $100 in an additional back up fund, and then figure out how he would be treating the remaining $230 in regards to buying right away, DCA and/or buying on dips. There is no one right answer, yet a guy who practices will get better at making those kinds of decisions and even being able to know why he is making the allocation choices that he is making. there is no genuine excuse for somebody that earns decent income not to accumulate Bitcoin.
A lot of rich people take their income for granted, so they might not necessarily see any compelling reason why bitcoin is needed, and they might even believe that various prices are going to come back down, and/or their salary is going to largely keep up with increases in the cost of living... they also might see problems with the money, but they might not consider bitcoin as the solution, especially since they might not even know the difference between bitcoin and crypto... so we cannot take for granted that anyone is going to consider bitcoin as a solution, even if they might have some concerns about their income keeping up with prices. Another thing is that a decent number of rich persons might have retirement funds and even they might consider that they are going to put money into buying residential property, so they could end up getting trapped into making choices that might not leave them a lot of extra money.. so if their contribution to their 401k (retirement fund) (maybe up to 10%of their income) and their mortgage payment (maybe more than 35% of their income), and so if they might have other expenses like a car and some other things they consider to be basics, they might feel that they don't really have any more money for investments, especially if they might be considering that they are already getting close to 50% when combining just the 401k and the mortgage payments. The arguably rich person could spend 10 years or more making various payments.. oh yeah, student loan debt too, and then considering that they are making progress, reducing their debt and even making investments into a 401k, so then they had not even considered bitcoin as part of their investment formula.. not even some small amount of their income dedicated to bitcoin, and perhaps the poor person does not have any of these obstacles, even though a poor person still might have rent, utilities, transportation costs and food that cost him 70% or more of his income...and the poor person might not even consider that he can own car, yet surely he might want to get a car or a motorcycle.. which could also be practical yet the poor person would not end up buying any kind of fancy car/motorcycle as compared to the rich person who might squander away value on car payments and to show status, even though the rich person might consider the new car and the house that is more than he can afford (since it is also "an investment") as a kind of basics. From my little research I found out that many newbies are waiting for the perfect time to start buying when Bitcoin will probably dip to $40k and below but they fail to understand that they can wait an entire circle and it won't happen, time waits for no man.
Some people become way too unrealistic, and we are likely realizing in the last month or so that even sub $85k is no longer very realistic... Sure it could happen, yet guiding your entrance into bitcoin based on unrealistic expectations remains a bad (and likely destructive) mindset, and surely buying at any price will likely help to transition someone out of such a mindset, so even if any of us might have bought high, we likely can just continue to buy for 4 years or longer and end up way better than anyone waiting, even if the BTC price might end up dropping... sure it might.. but it might not... and in the meantime, the newbie who starts buying is getting started and putting himself in a better mindset in regards to bitcoin accumulation and bitcoin investing for 4-10 years or longer..even if he might ONLY be able to start with $10 per week as he is trying to figure out other details related to his own finances and psychology. Nobody can manipulate Bitcoin price on the long term so buy anytime that you have the money,
You are probably correct... The longer the timeline, the harder it becomes to manipulate bitcoin, and surely over the years, we have seen repeated manipulators getting reckt when they get on the wrong side of bitcoin. stop speculating the perfect opportunity, unless you want to take profit on the short term.
Sure you can trade bitcoin (and attempt to trade bitcoin) and potentially be profitable, yet it seems a bit retarded to be trying to trade such a great asset like bitcoin.. but yeah, sure people can do what they like, even dumb things like trade/gamble with bitcoin. I don't worry about people who are still skeptical about Bitcoin in 2025, or those that are not internet compliant, Bitcoin is a moving train, whether you are on it or not, it's moving and those that have made the decision to hodl are getting returns on their investments. This fact is obvious as more people are becoming aware of the transparency of the blochchain and the testimonies of people that have gotten rich through their investment returns. Bitcoin adoption is increasing and the sooner that people that are not on it realizes it the more profitable it will be for all of us in the future because it's finite supply will always create scarcity which will make it's price to always reach ATH.
Again bitcoin is not guaranteed to reach any more ATHs, yet your overall idea in this part about starting sooner rather than later seems to be on point and correct.. so in that sense, the sooner that people get started, the better, and at the same time, it can take a while for anyone whether poor or rich, to build up a decent bitcoin position. Sure rich people have advantages, yet sometimes rich people might be distracted by their own positive circumstances, so their could well be instances where poor and bitcoin-focused people end up building up way greater bitcoin stash sizes over 4-10 years or longer before some of the rich people even realize that what they are doing is not really getting them anywhere and they might not even be able to catch up with the poor person's BTC stash size by the time they recognize and appreciate that they should be including bitcoin into their investment portfolio (and investment strategy).
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Mayor of ogba
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January 22, 2025, 09:52:56 PM |
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I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Delays are not dangerous, it's the ignorance and greed that are, in my opinion. Nothing wrong with buying Bitcoin later - even if the price would differ, if you would apply hodling it appropriately, everything would still be fine. If you have a steady income and discretionary income, there is no need for you to delay your bitcoin investment or try to buy bitcoin later when you already have the money to invest in bitcoin now. Delaying your bitcoin investment when you already have the money that would have allowed you to invest in bitcoin comfortably will likely make you not to invest in bitcoin when you are ready. Because if the price of bitcoin is very high at the point when you want to invest in bitcoin, you will see it like you have missed out on bitcoin, and it will likely make you not to invest in bitcoin again. Since you cannot possibly buy the quantity of bitcoin you want to hold for the long term at once, it would be better for you to kick-start your bitcoin investment now so that you can start the journey of accumulating the quantity of bitcoin you want to hold for the long term.
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JayJuanGee
Legendary
Online
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Self-Custody is a right. Say no to "non-custodial"
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January 22, 2025, 10:36:07 PM Last edit: January 22, 2025, 11:59:48 PM by JayJuanGee |
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Buying at the dip is for those investors who have reached more than halve of their bitcoin target. There is no problem if such people wait for the dip to enable them add a significant amount of bitcoin to their portfolio, because they already have a good size of bitcoin in their custody.
I am not really opposed to your describing some kind of a goal for when someone might want to transition from pure DCA and start to supplement with buying on the dip, and I really doubt that you can be that particular in terms of when buying the dip systems might come in handy. Let's say that a guy with $30K per year income had been investing into bitcoin fairly aggressively at about $100 per week for 3 years (that is 17% of his income), and so after 3 years, the amount that he invested is right around $16k into bitcoin which would be slightly higher than half of a year's of his current income, and maybe bitcoin went up in value during that time and maybe it did not.. but surely this guys is making a lot of good progress in his investment. I think that he has more flexibility regarding what to do based on his already existing progress.. sure there is no exact answer.. and maybe he get's a bonus of $4k, and should he invest it right away or should he divide it into the three categories. Let's say that this guy's goal is to get his bitcoin to 10 years worth of his bitcoin in value, so with his current income, he wants to get his bitcoin investment to $300k in value in current dollars.. sure his income might go up and so he might have to raise those amounts as he gets closer in order to really account for 10 years of his income, yet for the time being, if you say that he has to reach half of his target, that is $150k, which surely seems way too restrictive from my perspective, and surely once a guy start's to get 1/2 to his objective, he could find he can get to his goal quite quickly.. or maybe he just gets stuck at 1/2 for a long time... yet I am also tending to use the 200-WMA in order to valuate my BTC holdings rather than using spot price, so even right now a guy with a goal of $300k of value, he would need to have had accumulated at least 6.92 BTC, and so you would say that he would need to have had accumulated half of that amount 3.46 BTC before he could reasonably move away from a strict DCA approach.. which surely seems to strict to me, even though it is not unreasonable to consider those kinds of standards, even if someone like me might consider them to be too strict.. In the end, you have to figure out your standard of strictness, yet if you are suggesting that other forum members should have such a strict standard, that also seems a bit too much. So if beginners know the potential of Bitcoin can be profitable especially for the long term, it is better to do and live it according to your abilities and learn, recognize and also understand Bitcoin and also yourself, your finances and manage them well as a whole because when you do all that then it will be your motivation to try to continue buying Bitcoin regularly and holding it for the long term to get extraordinary profits and this is what makes me 100% sure that Bitcoin is guaranteed to be profitable.
You can take all of the precautions you like, and you can do everything 100% perfect, yet bitcoin is still not guaranteed to be profitable, so you are fooling yourself and you are fooling others when you talk like that (that is if others believe you). When you exaggerate, then it is less likely that other people are going to believe you, so you make yourself look bad when you proclaim that bitcoin is 100% guaranteed to be profitable in the future, whether you are talking 4-10 years, greater than 10 years or some other timeline. There are ways of describing high levels of confidence, and even investing into bitcoin very aggressively based on your confidence in bitcoin's future performance, so I have troubles why you and other members need to repeated assert that bitcoin is guaranteed to be profitable in the long term. I will concede that there are certain things that are more certain than others, whether we are talking about past, present and the future, such as math. 2 + 2 is always going to = 4. We might say that the sun will always rise in the east and set in the west, yet even that is less certain than 2+2=4. We can say that bitcoin is build upon math, yet it is also build upon software an it has various human interfaces with the software, electricity, equipment or perhaps other ways of communicating the blocks in the event that large computer networks are taken out. There is open source software that has a lot of review and has withstood quite a few attacks and updates, and sure maybe nothing is going to go wrong with the software, especially since there are various implementations, too. Maybe my attempts to get into various aspects of the nitty-gritty don't matter too much since I don't even claim to be any kind of technical expert, but I do know that the past and the present are easier to describe than the future, since the future has not yet happened, and if we say, tick tock next block has been happening every 10 minutes for the past 16 years, so that inspires confidence, and we can look at price charts and see that the trend is up and we can see the building of various network effects as described by Trace Mayer and we can see them all growing (at least for now). We can see individuals, institutions and governments jumping into bitcoin and even saying that they are creating strategic reserves, so surely that creates ongoing upwards price pressures on BTC, and we might even see that some entities are creating paper bitcoin, yet the real bitcoin are the ones that count, yet we see various financial instruments on top, so the BTC price is subject to various kinds of forces, and some of them wanting to manipulate the BTC price, but perhaps having difficulties to manipulate the price, yet sometimes we will find out that some of the entities do not have the BTC that they claim to have. Surely it likely helps a lot for some of the longer term BTC holders to have confidence and to not sell their BTC, so that causes the BTC price to go up, and so maybe we don't have to worry about some folks selling their BTC, including that a lot of coins are lost and/or some people might believe that they have a certain number of bitcoin, yet they have not tested their bitcoin for a while, and they also might not have communicated their BTC holdings to anyone else, so those none-access issues are largely lost keys that people do not realize that they are lost, and so lost keys means fewer bitcoin and more upwards price pressures... Still not guaranteed. I frequently make assertions that bitcoin is likely 1,000x or greater value than gold, and currently the BTC price is about 1/9th gold's price, yet the mere fact that bitcoin is 1,000x greater value than gold does not mean that it will get to that point in the next 50-200 days or longer, even though it might... but then the fact that bitcoin might get to 1,000x gold's value does not guarantee that it is going up from here. at 1/9th of gold's value. It seems that we can account for bullish and bearish bitcoin scenarios and figure out our bitcoin position size, yet we don't have to make representations that bitcoin is guaranteed to go up from here. To me it seems that semantics matter and the truth matters, so why do we want to say that bitcoin is guaranteed, even if it is amongst the best, if not the best, of investments currently available? The mere fact that bitcoin is the best investment currently available also does not mean that it is guaranteed to go up from here. We should be able to hold more than one idea (even contradictory idea) in our head at the same time instead of speaking in absolutes about the future, no? Bitcoin has math components, and bitcoin has a lot of bases in math, yet bitcoin is not math itself... and tomorrow 2+2 is still going to equal 4 no matter what, yet bitcoin may or may not be higher in price tomorrow as compared with today. I can also say that if you do not have any bitcoin, then you better buy some, and you cannot buy bitcoin yesterday since yesterday is gone. You can buy bitcoin today, and that sounds good. You may or may not be able to buy bitcoin tomorrow, though it still seems that bitcoin is a good thing to buy as regularly and aggressively as you are able to buy it, without overdoing it.. but it still is not guaranteed to go up.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Stablexcoin
Sr. Member
  
Online
Activity: 728
Merit: 290
Hhampuz for your Marketing
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January 23, 2025, 10:37:22 AM |
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If you have a steady income and discretionary income, there is no need for you to delay your bitcoin investment or try to buy bitcoin later when you already have the money to invest in bitcoin now. Delaying your bitcoin investment when you already have the money that would have allowed you to invest in bitcoin comfortably will likely make you not to invest in bitcoin when you are ready.
This is true. But investment is by choice and willingness. Someone might be financially ready but not mentally he is not. It might be that he needs to know one or two things about Bitcoin investment before jumping into it. However, getting little knowledge does not take long one or two days is enough so that shouldn't be an excuse. I also notice that many persons due to other failed investments they have done in the past still have this fear in them on investing into another asset like Bitcoin. Well, such persons should guided and mentored so that they can overcome the fear and start their investment. Because if the price of bitcoin is very high at the point when you want to invest in bitcoin, you will see it like you have missed out on bitcoin, and it will likely make you not to invest in bitcoin again. Since you cannot possibly buy the quantity of bitcoin you want to hold for the long term at once, it would be better for you to kick-start your bitcoin investment now so that you can start the journey of accumulating the quantity of bitcoin you want to hold for the long term.
My friend to anyone who is willing to start the investment in Bitcoin the price of Bitcoin shouldn't be what they are looking at. If all investors did look at the previous price of Bitcoin even if its a week ago then no one would be willing to buy Bitcoin again. To every investment there is a starting price so the idea is investing for the future that means the price of Bitcoin today does not really matter so why should that be a limitation for anyone who wants to invest? I will say it is ignorance and procrastination that will make anyone use the price of Bitcoin as an excuse not to start their investment. Such persons have a long way to go because they may never get to buy Bitcoin at all if they continue thinking that way.
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mvdheuvel1983
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January 23, 2025, 10:57:26 AM |
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Bitcoin investment is not guarentee to be profitable in the long run because no investment is 100% guaranteed. However, we are investing in bitcoin because we have the believe that it's an asset that will increase in price overtime due to the history of bitcoin and our experience of it as we are investing overtime, and that gives us more confidence to continue building and accumulating bitcoin because our strong believe in it as time passes on.
Investment is a combination of profit and loss. You will not find any investment asset or investment medium where there is no possibility of loss. Similarly, Bitcoin investment will not give you a 100% guarantee of profit. If someone guarantees you profit from Bitcoin investment, then you can freely call him a hypocrite. Guaranteeing profit in Bitcoin investment means that you are telling the future of Bitcoin, which is absolutely impossible for a human being. However, we consider Bitcoin as a reliable investment asset where we see the possibility of profit as high, provided that you must be long-term. The reason why we ask you to invest money that you can lose is considering the potential loss of Bitcoin. Although the possibility of loss is somewhat less in long-term investment, we must be prepared for it. The main goal of investment is to make profit, but you must be aware of the loss and have a plan to take necessary steps. I’m certain everyone investing know what’s required for investing so they don’t put their all, at this point going all in is not the best thing to do even if believing in bitcoin although as an investor we all give a kind of motivation to keep going with our investment. There’s no risk free investment, bitcoin for example a lot of people still miss out during the process when investing no doubt, generally bitcoin is unpredictable and using funds meant for something else to invest is actually not right, why not create a good budget that can help straighten ones plan towards accumulating and build a good management plan in terms of dividing funds. No one should be discouraged for choosing to put a huge some of money for Bitcoin investment because Bitcoin investment is not one of those businesses where you invest and have a double mind Incase you end up losing your money, people often use the word invest the amount you can afford to lose but I doubt if you have anything to lose as a long term investor because there's no way you won't make profit in the nearest future if you don't sell out your Bitcoin due to fear and panic that comes after listening to some social media lies not knowing they are all jealous of the progress that Bitcoin is making all over the world. And just incase you don't know, despite the volatile nature of Bitcoin it doesn't mean investing for a long term has anything to do with losses, so not advise anyone to invest in Bitcoin to make profit but if you must invest in Bitcoin choose long term investment because you would have rest of mind knowing that your money is saved and yeliding more profits to you.
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MainIbem
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January 23, 2025, 11:35:11 AM |
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If you have a steady income and discretionary income, there is no need for you to delay your bitcoin investment or try to buy bitcoin later when you already have the money to invest in bitcoin now. Delaying your bitcoin investment when you already have the money that would have allowed you to invest in bitcoin comfortably will likely make you not to invest in bitcoin when you are ready.
This is true. But investment is by choice and willingness. Someone might be financially ready but not mentally he is not. It might be that he needs to know one or two things about Bitcoin investment before jumping into it. However, getting little knowledge does not take long one or two days is enough so that shouldn't be an excuse. I also notice that many persons due to other failed investments they have done in the past still have this fear in them on investing into another asset like Bitcoin. Well, such persons should guided and mentored so that they can overcome the fear and start their investment. Because if the price of bitcoin is very high at the point when you want to invest in bitcoin, you will see it like you have missed out on bitcoin, and it will likely make you not to invest in bitcoin again. Since you cannot possibly buy the quantity of bitcoin you want to hold for the long term at once, it would be better for you to kick-start your bitcoin investment now so that you can start the journey of accumulating the quantity of bitcoin you want to hold for the long term.
My friend to anyone who is willing to start the investment in Bitcoin the price of Bitcoin shouldn't be what they are looking at. If all investors did look at the previous price of Bitcoin even if its a week ago then no one would be willing to buy Bitcoin again. To every investment there is a starting price so the idea is investing for the future that means the price of Bitcoin today does not really matter so why should that be a limitation for anyone who wants to invest? I will say it is ignorance and procrastination that will make anyone use the price of Bitcoin as an excuse not to start their investment. Such persons have a long way to go because they may never get to buy Bitcoin at all if they continue thinking that way. People, mostly new investor are the ones who fall under that category cause someone who has been long into investing in Bitcoin should already understand that it's volatile in nature, many of these new investors have missed out on several opportunities in the past while they where worried about the price and then it got to 100k thereby forcing them to start buying out of FOMO, well it's not suprising that there might still be people who are still worried about the price of Bitcoin at this point and i agree to your statement that they're ignorant of what it's all about, they don't know about volatility nor DCA or that the current price is not a barrier to making an entry since Bitcoin is an investment for future. Well, they should keep up with the excuse while Bitcoin is on the road to $150k and above, I bet by then they'll be rushing to learn more about Bitcoin and probably fall victims to scammers or people that would mislead them to wrong methods of accumulating Bitcoin like trading or so. Left for me, am done forcing anyone to learn about Bitcoin or arguing with ignorant people concerning what the future of Bitcoin holds, all I know is that investing on Bitcoin is a risk worth taking and anyone that's still procrastinating at this point is missing out.
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