Quote from: yohananaomi on March 05, 2023, 09:20:04 PM

starting to stretch it and everyone started to get to know bitcoin in the 2017 range and above, where when bitcoin started to experience an increase and started to be valuable, especially in that era the increase in bitcoin was very significant and had become a topic of conversation and many had even looked to make it a very promising investment.

I doubt that your version of events is even close to accurate. Sure, each cycle more and more people are hearing about bitcoin, learning about bitcoin, and bitcoin is continuing to grow on an ongoing basis.. and likely more and more each cycle, but it hardly makes any sense to start your assessment at 2017 and to suggest that 2017 was some kind of a momentous starting point for bitcoin, when the level of adoption of bitcoin still remains pretty damned low, and even if more and more people have heard the word "bitcoin" few really understand what the fuck bitcoin is, even if a lot of people have heard the word.

Even people who own bitcoin, might not have spent very much time figuring out what bitcoin is, beyond possibly that they might consider it to be "number go up" (NGU) technology, and sure that's a start towards getting someone interested in bitcoin and to get their attention into looking into bitcoin further.

Quote from: yohananaomi on March 05, 2023, 09:20:04 PM

many have experienced a change by starting to work with bitcoin and many have benefited by continuing to know it, because bitcoin has become a promising investment the same as the investment that has existed so far.

Sure. I cannot argue with you about this. Bitcoin is a world changing technology, and remains a world changing technology that is continuing to have its effects for years to come.

Quote from: yohananaomi on March 05, 2023, 09:20:04 PM

the development of bitcoin will continue to increase and more and more can benefit from joining bitcoin, but also not a few who have not been able to fully enjoy the existence of bitcoin. because it's not the same for every individual to be able to respond to the existence of bitcoin, it's possible that you don't have capital that can be used because the funds that are available can only be used for the benefit of everyday life, how can that be if you want to invest without available funds.

Everyone likely benefits from bitcoin whether you have funds or not because bitcoin introduces a more responsible kind of financing and money that incentivizes various financial and governmental actors to behave more responsibly - even though it could take 100 to 200 years to really flesh out the various impacts of the incentive systems that are built into bitcoin, but the overall society benefits from it.

Of course, if you want to benefit on a more personal level, then the more that you are able to garner resources and to buy bitcoin, then you can benefit in more direct ways too... such as in the NGU technology. The more disposable and even discretionary income that you have and are able to put into bitcoin, then it becomes more likely that you will personally and directly benefit - yet since bitcoin remains an asymmetric bet to the upside, it remains quite likely that you do not have to invest a lot into bitcoin bitcoin in order to still be able to personally and directly benefit from investing in bitcoin.

Sure, I understand that some people do not have much if any disposable and/or discretionary income that they are able to invest into bitcoin, so in that regard, they just invest what they can.. whether that is $100 per week or $10 per week or maybe even less than that if they have troubles affording $10 per week, they figure out how much they are able to invest without messing up their own living situation in terms of needing to pay for expenses within the cashflow that they have or are able to generate.

Quote from: yohananaomi on March 05, 2023, 09:20:04 PM

surely many are lucky and can enjoy after 10 years associated with bitcoin. especially those who are always investing in bitcoin because it is certain that at any time they will continue to get an abundance of prices that continue to increase significantly, but it has no effect on those who do not have the funds to buy, even though they clearly understand and know the role of bitcoin when holding it.

Well, in order of considering your own personal circumstances, you cannot turn back the clock, and you can ONLY consider what to do, on a personal level, based on your own personal circumstances, so the sooner that you figure out what you want to do and are able to do, and the sooner that you start to execute some kind of a plan, then the more likely that you will have chances to directly benefit from bitcoin.. .. otherwise, if you merely whine about the situation and complain that you do not have any money to buy bitcoin, then surely it will be nearly impossible to benefit directly from bitcoin, even though it still seems to be quite possible that you still may well be able to benefit more indirectly by the existence of bitcoin and the fact that bitcoin is a more honest money/asset system than what we have historically had in various societies.

You do seem to have one advantage in that you know about bitcoin, and you seem to recognize its value (including possibly understanding that it continues to have a future value that involves ongoing number go up); however, you might be disadvantaged if you cannot recognize and/or appreciate that you are likely to be better off to work on investing into it, even if you cannot invest very much rather than merely complaining about the situation regarding your purportedly not having much if anything to invest (if that's what you are doing?).

Quote from: yohananaomi on March 05, 2023, 09:20:04 PM

with the value of bitcoin which continues to increase and will be repeated every 4 years, it is clear that only those who have more funds can enjoy the role of bitcoin, otherwise not for those who do not have funds. bitcoin is already a very expensive investment and only certain people can afford to do that.

Too bad that you feel that you are too late, but hey, it is your choice in regards to whether to invest or just to complain about bitcoin being too expensive.

One of the advantages of bitcoin is that you are able to buy very small amounts of it, so long as you are able to find someone who is willing to sell it to you, and so it is way easier to get into bitcoin for yourself and for anyone else as compared to other investments that had historically been available.... So yeah, if you get distracted into believing that bitcoin costs too much, they you may remain either a no coiner or a low coiner.. and perhaps continuing to be bitter about the situation rather than figuring out ways to take a stake in bitcoin, even if you might not be able to afford to buy as much bitcoin as others are able to buy.

Another advantage of your knowing about bitcoin(even if you are proclaiming yourself to be poor), there are going to be some folks (and likely a considerable number of folks) who are still figuring bitcoin out 5-10 year or more into the future, and if you started to invest into bitcoin now, based on your having had learned that it is a potentially good investment, then you likely will be able to get ahead of some of those folks who ONLY start to learn about bitcoin or invest in bitcoin later down the road.. such as those who might start way down the road.. and there are a lot of people who either do not know what bitcoin is or they fail/refuse to understand that bitcoin has a currently strong investment thesis based on its likely ongoing and continued upwards prices...even if not guaranteed, but seemingly asymmetrical to the upside in nature.

Quote from: mv1986 on Today at 11:59:27 AM

Quote from: JayJuanGee on March 04, 2023, 09:39:12 PM

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I guess that prudence and patience are among the biggest learnings and principles that those could gather who have been around for a long time. I can tell that my decisions became better over time the longer I exposed myself to the market and the more I dealt with the topic decentralization/cryptography both just for fun but also in depth scientifically as an academic.

But I can say one thing for sure: I have not really been into stocks before I got into crypto. Just a bit, but never to the extent like when crypto got me excited and I became research addicted. In the beginning, the first bull runs actually spoiled my idea of markets and investing in general. When something goes up 10x (traded alt coins as well back at the time) and you have never had any really significant exposures to markets before, you start thinking for that moment that there is some normality to such a market movement. Even worse you start thinking that markets are great to make a lot of money in a short period of time. And that is damn wrong! You can of course, but the shorter the time horizon, the more of a gamble the whole thing becomes, especially when you work with leverage, as you pointed out. Those are all important aspects that I learnt along the journey and I can say that it significantly helped me get through the bear markets. I didn't care when it dumped, I slept well. I understood that crypto is a different beast, a little child that is still prone to attacks from all angles and the price will reflect that one way or another.

But if I joined crypto just recently and I would have suffered from the price drop of roughly 70%, I would feel like trash. I know because very early on I put money on the line that I could not afford to lose. That is roughly a decade ago. The day I chose to do that was among the most volatile days I've witnessed so far and I couldn't sleep for a second and was just staring at the charts with sweat on my forehead. In retrospect it was a great and fun valuable lesson and luckily, I got through it well more or less! Cheesy

I am a little bothered by your emphasis on trading and crypto (aka shitcoins), but I appreciate that you share aspects of your story in terms of what seems to be that you learned some things about the dangers of short term thinking and also what seems to be likely risks of leverage. In the end, hopefully you are going to be able to continue in bitcoin in terms of longer term thinking and learn to shirk off some the temptations to be involved in crypto/shitcoin trading unless it perhaps might serve as ONLY a smaller aspect of your overall approach.. but hey each fo us learns in our own way, and by the way some folks who get caught up in shitcoins, and trading in ways that seem to be gambling and leverage do not really seem to learn how to manage their gambling tendencies. .and then they end up getting fucked down the road, because sometimes when you gamble and trade with too much passion/leverage, you may well end up having a large number of "wins" (even 20 or more) and then one loss can wipe out a vast majority of your previous gains.. especially if you do not figure out ways to employ relatively prudent risk management strategies, and some of the traders/gamblers believe that they can "get it all back" if they lose it, which truly is a fools way of thinking.. so for sure there needs to be care when employing gambling, leverage and/or getting involved in shitcoins (including using the term "crypto" without specifying or actually showing that you actually know the difference between bitcoin and shitcoins).

Quote from: Inwestour on Today at 12:08:35 PM

Quote from: JayJuanGee on March 04, 2023, 09:39:12 PM

[edited out]

Probably those who have been dealing with bitcoin for about 5 years will be more calm in this situation, because they understand the cyclicality, how a bear market and a bull market replace each other. And for those who are relatively new here, it can be very difficult for them, especially if they bought bitcoin near ATH.

In 2023, we saw good local growth, for many it became encouraging, by the way, I was expecting a local growth, but at the same time I expected that it would be temporary and, as we see, a local correction is taking place now. I did not wait for this time, but continued to buy bitcoin, because although I expected a subsequent correction, I was still afraid of making a mistake, because there was a possibility of further growth. Even now, I assume that the growth may continue to 29-30k and then further decline will follow, perhaps we will be in anticipation of the beginning of the bull market all of 2023.

I do believe that it is good to just continue to buy BTC on a regular basis especially if you consider yourself to be personally in an accumulation stage, and buying regularly is one of the best ways to just ongoingly continue to make progress in terms of building the number of BTC (satoshis) that you have.

At the same time, for sure you can keep a bit of fiat on the side for buying on dips and even allocate some of that money that you are holding to the side to buy at certain price points (if those price points are ever reached) while at the same time, recognizing that it is possible that your money in reserve that is held for buying on dips might not get spent because they BTC price might not go down to the price points that you have assigned for those various allocated amounts... and you can continue to reassess along the way regarding how much money that you want to hold in reserves for such possible buying. and sometimes there can be some frustration if the BTC price is going up and you have not employed those reserves yet the longer that you are in bitcoin, then it is likely that the less bothered that you become about continuing to hold some money in reserves that does not ever seem to get spent.

Quote from: Inwestour on Today at 12:08:35 PM

Sometimes I have a desire to try my hand at trading, to allocate some small part for this, but I dont have much time for this, and yet I am an investor and not a trader, but I have a desire to multiply my bitcoins.

Of course, it is very tempting to want to engage in trading, and personally, I do not consider it to be a good idea to sell bitcoin with the thought of buying back lower, even though sometimes you can sell a little bit on the way up, especially if the BTC price is seeming to go up outrageously a lot and then just hold that money on the side in case the BTC price goes back down.. yet part of the problem comes when you might get frustrated if you are selling too much BTC too soon.. so sometimes it can be tough to find a system that is comfortable for you without causing you to get frustrated.. and then also comfortable in such a way that you are not increasingly tempted into playing BIGGER and BIGGER and BIGGER in terms of the quantity that you might be selling on the way up.. and then you end up without hardly any bitcoin if the BTC price keeps going up..... Many times, people find ways to just avoid selling bitcoin on the way up.. but there can be ways that if you accumulate way more BTC than you expected on the dip, then you can sell some of that bitcoin at various points on the way up.. and yeah, sometimes it can be a time suck to be trying to figure out where to place your orders. and then frustrations that might be involved when you are trying to figure out what the BTC price is going to do.. which is difficult even for folks who spend most of their time watching BTC charts (and looking at other matters that they believe might affect the BTC price in one direction or another).