Quote from: nara1892 on April 05, 2023, 10:53:50 PM

Quote from: JayJuanGee on April 04, 2023, 06:31:12 PM

So, yeah, like you are seeming to say nara1892, there can be some advantage to finding some kind of an investment point in which you are feeling sufficiently aggressive in your investment into BTC because if you are too whimpy, then even if BTC goes up a lot, the whimpiness of the investment may well end up not making up for the fact that the there really was not enough there to actually make meaningful profits, and a similar thing could be true for those people who end up investing too much, and then when the BTC price moves against their position and then fails to go up for a long time, they end up getting reckt.. or maybe even having to sell a lot (or maybe even all) of their BTC.

So yeah there may well be a decently broad range of balance that still is going to be able to work in order to become richie as fuck (without guarantees of course), but at the same time if you are either too far on one side (such as too whimpy) or the other (such as too aggressive) then you end up either not really profiting with any significance, or you end up losing most or all of your investment (or having to start back up over again from a worse position than if you had been more prudent and conservative rather than gambling with your investment into bitcoin by engaging in overly risky conduct).

So in this condition, if I look at the overall strategy, it is clear that it is very important in this regard. Indeed, in some cases being greedy especially for bitcoin can still be said to be good but of course there are strategies and moments that must be seen because not all greed to be in bitcoin can be good and one of the reasons is as you said when everything is too much in terms of "crybaby or aggressive" not everything will go well.
On the other hand, standing too far and leaving is also not the right choice, we need to balance this so that in the end we can be wiser in taking action and taking advantage of every available momentum.

Of course, there is some need to tailor whatever level of aggression that you decide to take in order that you don't go overboard in such a way that you are not able to cover your expenses and/or the servicing of any loan that you might end up getting to buy BTC.

For sure, getting a loan is not for everyone, and especially it might not be for someone who does not have a clear and certain enough of a cashflow to be able to service the loan and to pay it off at the end of its term. It is also not free, so it already builds in some fees (and interest rate too) just to be able to enter into the relationship in which someone gives the loan... some of the better loans have real low interest rates and long periods, but of course, frequently it can be difficult to negotiate such favorable terms, and some people will be in better situations to be able to negotiate favorable terms and even in recent times, there are a lot of situations in which the terms of loans are not very favorable, but sometimes there still could be situations in which any of us might be able to get favorable loan terms..

And even NOT having favorable loan terms would not necessarily preclude the entering into a loan that any of us might consider has good odds of having terms in which we believe that we are going to be able to earn more by putting the money to use in ways that we want (including possibly buying BTC with the lended money).

It's not an automatic yes or no answer, yet frequently people want to get into loans, and maybe they have not even attempted more basic approaches first, and surely with bitcoin we have seen that someone investing 4-10 years or longer may well be able to invest relatively modest amounts and to have been able to profit stupendously from that and another thing with long term wealth frequently it can take 20 to 30 or more years to build and some people never get there because they are engaging in the more risky strategies rather than ironing out and employing more basic strategies first, and bitcoin is one of those investments that allow anyone to enter and anyone can invest even relatively low amounts of value on a regular basis and to end up building more and more with the passage of time, and traditional investments had not necessarily been as friendly in regards to being able to regularly invest relatively modest amounts.. whether that is $100 per week or $10 per week or some other amount that is chosen by the person investing.. and if s/he can find ways to buy BTC with low fees (or low transaction costs), perhaps?

Quote from: Mahirap on April 05, 2023, 11:59:37 PM

Quote from: nara1892 on April 04, 2023, 07:35:50 AM

To be honest in this case what you are doing is quite good by buying bitcoin but indeed by buying risking and even borrowing I probably wouldn't do something like this.
I prefer to be in something safe and even though bitcoin is indeed risky I still don't want to be preoccupied with debt so I prefer to buy from the money I have and I consider it as money that is not really used rather than having to borrow money first from the bank .

I don't know where they get the courage to do this type of investment. Borrowing for a risky investment and also bitcoin price is very volatile. People only do that out of pure greed and lack of knowledge. They only see the profit and ignore other side of bitcoin investment.

Only if you have money to lose, invest them in bitcoin.

That's not true.

There are a lot of folks who have invested into bitcoin over the last 13 years or so, and surely the evidence shows the longer into bitcoin, and perhaps without selling too much BTC along the way, then the better off that people have done with their bitcoin investment, and so yeah sometimes overly greedy people ended up getting punished for their being greedy, and those are not necessarily ONLY bitcoin stories because some of those people were either fucking around with shitcoins or putting their BTC into yield products in which others were fucking around with their BTC and might not have even had their BTC because they were gambling with other people's BTC... so yeah, it may well have not been good to be getting involved with those kinds of risky products, but getting involved with BTC has generally been a good thing for those who have been in longer and who have errored on the side of BTC accumulation and holding and perhaps not selling too much of their BTC along the way, too.