Quote from: Wind_FURY on Today at 07:12:45 AM

Quote from: ajiz138 on March 07, 2023, 06:02:37 PM

Quote from: GigaBit on March 07, 2023, 05:58:48 AM

Bitcoin price is constantly being discussed and researched. Recently we have seen some light in a bearish market. While the global situation is quite bad, the effects of the economic recession have not yet subsided. At that time the bullish trend of Bitcoin naturally indicated its positive side. Bitcoin fell to $16,600 just as it was expected to be more bearish, but it has once again turn to bullish and surged 40 percent. The macro backdrop also played a supportive role as the Federal Reserve cut its interest rate hikes this month. Currently, if an investor wants to hold Bitcoin for a short period of time, he will get the profit. But there is no need to take that kind of risks. Now if one plans to hold BTC for long term then he can reach his goal before the expected time.

It becomes speculation because bitcoin will be an interesting discussion when they want to know the movement but we will not see how accurate it is, about the bear market it is very natural because several factors cause the price of bitcoin to fall, for example with some FUD spread by some people, including several agencies, went bankrupt, so this triggered panic for those who were not strong.

I think an investor will not hold for a short time because the principle of an investor is a strong hand to hold bitcoin as long as possible, on the other hand the current price is still not high enough even though buying around $ 16,000 it is still too early to sell bitcoin assets, still be an investor as much as possible with the next 10 years he will definitely get everything.

Newbies and plebs like us are worried more about price movement, than what they're buying they're money for. I too was once a newbie who believed that I could out-trade the price movements through a more active trading approach. It just made me emotionally stressed, and gave me temporary mental insanity. Currently not a newbie anymore, merely a pleb. What plebs like us should truly undertand is that, Bitcoin is a Schelling Point. Everyone who wants to invest in crypto are attracted towards Bitcoin, sooner or later.

Quote

In game theory, a focal point (or Schelling point) is a solution that people tend to choose by default in the absence of communication.
https://en.wikipedia.org/wiki/Focal_point_(game_theory)

There does not really seem to be anything wrong with your ideas Wind-FURY.. but you still are not really saying much of anything in terms of trying to describe yourself in terms of vague and amorphous "common-man" terms.

Sure, it is quite likely that you are part of everybody who is common, but in some senses you are not common in the sense that you have been able to identify bitcoin as a good investment, and you have been investing into bitcoin for nearly 7 years - even if you made a whole lot of mistakes in the beginning, you are still early into bitcoin and even small amounts of investing into bitcoin are likely going to pay off in the long run - when you have recognized some of the basic ideas that involve ongoingly investing in bitcoin and largely staying away from shitcoins and/or trading.

There are likely going to be people who currently have way better financial means that you and other people who had way better means than you 7 years ago, and you are quite likely going to be able to get ahead of those folks relatively speaking, especially if the vast majority of them continue to fail/refuse to either recognize bitcoin as a good investment and/or failed/refused to take actions in order to build their BTC stashes.. .. so in that regard, there are even folks who could have bought a whole bitcoin at some point between mid-2016-ish and late 2020-ish, and may well would not have suffered very much in order to buy that whole bitcoin with quite easily less than $4k in value.. but now. it has become quite difficult to do the same, and even buying a whole bitcoin under $15k might not be possible ever again. So it will take more capital to get to whole bitcoiner status. Look at the DCA of $10 per bitcoin week for the past 7 years gets a person to more than 1.26 bitcoin and ONLY having had invested $3,660 in dollar value.

So yeah of course, any of us could make mistakes, and sure any of us might not have been able to afford to buy $10 of bitcoin per week, yet many of us likely realize that you do not even need to reach 1 BTC status in order to b e able to potentially prosper stupendously by getting involved in bitcoin, and perhaps striving to merely accumulate 0.1BTC is enough to at least get started and to continue to make your BTC accumulation goals bigger and BIgger and BIGGER.. in order to increase some of the odds that maybe you will end up accumulating way more bitcoin in these times than you would be able to be able to accumulate in the future...

And, the same is true for me. I was able to accumulate more BTC than I would currently be able to accumulate, and I made mistakes along the way too... and almost everyone, even someone who has been in bitcoin for more than 9 years can still find ways in which s/he might consider that s/he could have had been more assertive/aggressive in his/her BTC accumulation and it may well not have cost very much to be a bit more assertive/aggressive in that BTC accumulation.. and no need to resort to gambling or leverage or any of those kinds of more risky practices in order employ prudent and practical strategies in terms of ongiongly and regularly accumulating BTC.

Quote from: imamusma on Today at 05:12:59 PM

Quote from: ajiz138 on March 07, 2023, 06:02:37 PM

I think an investor will not hold for a short time because the principle of an investor is a strong hand to hold bitcoin as long as possible, on the other hand the current price is still not high enough even though buying around $ 16,000 it is still too early to sell bitcoin assets, still be an investor as much as possible with the next 10 years he will definitely get everything.

Not all investors have the same time frame when it comes to sticking with their investments. Investment time frame tend to vary from investor to investor, but that shouldn't really matter as long as they're making a profit. Institutional investors may be different, they tend to get a longer time frame than personal investors.

Surviving 5 to 10 years in an investment asset that has a high risk of volatility like bitcoin probably would not be considered by all people hoping for profits between ATH. They will sell it and enjoy the profits all year round. But the principles of investors are the same, yes they tend to stay on longer time frames.

Yeah.. you can fuck around all that you like.. including selling BTC when you are in profits. But part of the focus of this thread is to frame bitcoin as a longer term investment, which is that 5-10 year time frame, so yeah, you can see profits at some sooner timeframe, and you can take profits, and so fucking what? You made some dollars, and you might end up getting screwed if you sell too much too soon.

There is a bit of a value proposition that is being presented in terms of bitcoin potentially serving as a kind of asset that you are not fucking around with.. you are accumulating it and building it for the long term.

And, sure on a personal level you can do whatever you like, including ignoring bitcoin's value proposition, valuing your wealth in terms of dollars and try to time the ups and downs of bitcoin and end up selling too much too soon.

Don't get me wrong.. I am not even against some folks to consider investing into bitcoin in terms of shorter time horizons, even though probably it used to be the case that I would tell people that it might NOT be a great idea to invest in bitcoin if they did not have at least have a 4 year time horizon. These days, I still largely stick with the 4 year time horizon as the minimum, but I also suggest that maybe if your time horizon is less than 4 years, then you would just take a smaller position size.

Part of the truth of the matter when someone might either start to get more elderly in their 60s, 70s or 80s, they become somewhat uncertain about how long their time horizon is, as compared with someone who might be in his/her 20s, 30s, or 40s who might be saving up for a house or some large purchase, so the time horizon has to do with considerations of when they are wanting to be able to make those larger purchases, rather than end of life and/or retirement considerations.

Surely each person has complete discretion regarding how to manage his/her investments, yet many times in bitcoin we might be talking with (or to) folks who are either new to bitcoin or they are still establishing a position as a current no coiner or a low coiner, and also if bitcoin is considered as a likely longer term investment, then surely the considerations regarding building a potentially sizable BTC position does not necessarily deal with whether or not they might perceived that they are able to take fiat profits or potentially being able to trade some BTC for fiat in order to buy back lower at another date.. which surely many of the ideas behind this thread are suggesting those kinds of approaches to BTC are not what we are talking about here.. even though surely anyone is free to employ those kinds of strategies.

Quote from: Ryu_Ar1 on Today at 06:06:12 PM

Quote from: JayJuanGee on March 05, 2023, 01:28:07 AM

[edited out]

Believe it or not I had a new epiphany on this.
I didn't really understand what you meant before so I needed to digest and read many times about this because I didn't get the gist of what you meant but the more I read the more I understood what you meant.
So trying to make a new design for my plan and when compared to the previous one, even though there are some similarities when viewed from other perspectives, there are obvious differences, especially in terms of the long term.
When I talk about savings it's already true because regardless of anything it's already felt that even if it's not for the long term it continues to erode from the existing amount.
Saving is a bit good but it obviously won't change anything as long as we don't move and it's a different story when we invest because at least in this case there is more feedback that we get from there and it can also be more supportive and make my eyes open.

Yeah but still. I am not really sure if you are saying anything. You can choose to invest into anything, time, energy, psychology and value. Some things have greater odds of appreciating in value than other things, so many of us are going to attempt to invest into things that we expect to either gain in value relative to other things, or maybe we might invest into some things that we expect to not lose value as fast, relative to other things.

We are not going to know in advance which things are going to hold their value or gain in value, so we have to make educated guesses and attempt to do our best, and sometimes we will divide our value between a few different kinds of assets and even choose how much we are apportioning our allocations of value in order to attempt to either maximize or future value including weighing between how much we might value consumption today versus consumption in the future. It may well not be a good idea to save for the future and then never be able to consume what we had saved.. so none of these are easy decisions, so frequently we are attempting to balance value to our present self as compared to what kind of value our future self might get from deferred gratification.. and the obvious choice will not always be to save and invest because sometimes we will need to (or prefer to ) consume while we can and maybe while we are still young (maybe in our 20s or 30s) enough to enjoy certain things that might not give us much if any pleasure later down the road (when we are in our 50s, 60s or 70s).