Quote from: hyudien on Today at 04:24:44 AM

Quote from: JayJuanGee on July 31, 2022, 08:58:10 PM

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term. We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.

You are the best and really understand those details. I got a lot of unknown things. Thanks for straightening out, as many of us are sometimes confused and overly aggressive in responding to a relentless bull market. As if just breathing a little in a bear market then back above $20k again. Self-control, allocation of funds, placement of time to put money into bitcoin must be considered very carefully.

Even newbies into bitcoin who try to play the whole matter conservatively and invest for the last couple of years might end up feeling frustrated, because they might even do a lot of the right things such as DCA and buy on dips, but then they end up being way in the red when the BTC price goes dipping down.. so for example, the BTC price went up to $69k, and so buying on dips might have caused a lot of buys in the $50ks and maybe even running out of money by the time the BTC price dipped into the $40ks.. so I agree it is not easy to budget.. and frequently a person can start to believe that s/he is not doing it right... so in that regard I agree.. pacing yourself is good.. and if you just continue to invest into bitcoin over 4-10 years and maybe do not expect to start to withdraw any before many years into the future, you may well end up putting yourself into a very good place financially and psychologically, even though in the early years.. less than 4 years (and maybe even stretching longer than that), you might be feeling as if you are not make progress (even if you are ongoingly stacking sats in ways that you have calculated to be prudently, reasonable and maybe even sufficiently aggressive without trying to become overly aggressive)...

By the way, I did a quickie look at some of your earlier posts in the forum, and surely, even if you have been on the forum for more than 6 years, we might know that it can take a bit of time to figure out both the value of bitcoin and to also to not be getting distracted into various shitcoins along the way.. so yeah, some of those distractions can screw a lot of people up in their bitcoin investing strategies.. so I am not sure at what point in time you started to invest in bitcoin or to get more serious about bitcoin (or if you did?) but I do understand that it can be quite easy to get really distracted by putting money into shitty projects or coins and failing/refusing to adequately solidify a bitcoin position (and understanding) first before getting distracted into the various shitcoins that likely distract you away with misleading talking points.

So for example, investing $10 per week into bitcoin for the last 6 years, could have gotten you close to 1 BTC (with about a $3,130 total investment).. which from my point of view, would not be a bad place to be.