Even if any of us might be prepared for extreme situations, then we still might not be completely ready for how extreme it ends up getting.. so it could be the case that we don't disagree on this point... and sometimes diversification is merely having both cash and bitcoin rather than just bitcoin, but still if the cash runs out because you keep buying and the BTC price keeps dipping, then maybe the only thing that is left is just to wait every two weeks to figure out whether to buy and then in those situations, there might still not be comfort buying, but instead just letting the cash reserves to build up..
When we proffered for the extreme,no need to worry on the results.We need to wait till the market react for the investment.When the market is the bear one,the process of buying should be continue till the one complete btc is reached.The saving of one bitcoin before the 2017 was quite easier because of high payment of bitcoin because of less value of bitcoin through the signature campaign.The people who had saved their campaign payment 2017 or before will have bitcoin more then the complete value of 1 Bitcoin.The continues buying using the bear will also result to the maximum savings of the traders.
This sounds mostly correct, even though we cannot really presume the number of bitcoin that anyone might have merely based on their bitcoin entry date, even though surely it may well have been a lot easier to get some bitcoin if any of us had been into bitcoin earlier, rather than some folks who might not have know about bitcoin so then they would not have acted in order to get some bitcoin.
Of course, even now there are a lot of folks who have heard about bitcoin, but they either have no clue what it is (even though they might wrongly believe that they know what bitcoin is merely because they heard the word), and then there are even a lot of people who "kind of" know about bitcoin and who might have even bought a decent amount of bitcoin, but still hardly have any clue about what bitcoin is, and part of the evidence of the lack of knowledge has to do with the ongoingly low level of bitcoin adoption (likely quite less than 1%)... showing that we are still in quite early days of bitcoin's adoption and the growth of its various network effects.
Everyone is going to have some slightly different ways to attempt to prepare for these kinds of matters, and some will make greater mistakes than others, and not everyone will learn from their mistakes, so it surely can be difficult to describe any kinds of exact blanket solutions, except for people to attempt ot make sure that they study their own finances and their own psychology in order to best coordinate what they are doing with those financial and psychological factors which include at least attempting to consider your cashflow, how much bitcoin you have already accumulated, your other investments (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.
The big blunder done by the old users will be cash out to their fiat at the needed situation.During 2016-2017 period,the bitcoin was hacked from the many wallet.People who had their bitcoin in the cold storage had secured a lot.
You might need to describe a bit better what you are talking about in terms of some of the vulnerabilities that you perceive.. and if you are partially referring to the Luke Dasher loss of funds, then that could surely be an issue but does not really go towards any kinds of meaningful vulnerabilities in bitcoin, even if sometimes there could be some user errors and even failure to adequately secure coins... including that even smart (technologically sophisticated) people make mistakes... to the extent that "we" even really know what happened in that particular case.
Some of the crypto wallet was hacked and my friend 9 bitcoin was stolen.
We are not talking about shitcoins here.. so maybe you should be more specific.. since the word "crypto" is not really very helpful in attempting to determine what you are talking about exactly.
There are a variety of ways that people could lose coins, but I doubt that you are describing a bitcoin hacking situation in the way that "hacking" is usually understood, even if your friend might have had lost some BTC as you mentioned... but maybe you should describe a bit better in order that we might understand, to the extent that what you are describing might be related to this thread...
Surely, in this thread we are talking about buying BTC on the dip and also holding BTC and various ways to accumulate BTC, so surely the more BTC that we get, the more important it will be that we make sure that our security practices are good enough so that we are either not a target or that we do not somehow end up losing our BTC based on our own sloppiness.. Even though I will concede that being your own bank can frequently be a bit more difficult than having your money held by third parties, but it is not always the case that it is more complicated, and surely many of us likely realize that there are a lot of advantages that potentially can come from holding your own coins, so long as you do not end up losing them because you do not know enough about how to do it properly (or better practices to try to make sure that your coins are sufficiently secure, especially for the quantity of that you have accumulated that can increase in value quickly, as many of us have discussed in this thread).
He get that bitcoin as their birthday gift from his uncle.Even now the elder people of crypto should gift their young people with some bitcoin and allow their to convert to fiat.
I think that you are being unclear to be talking about bitcoin and continuing to use the "crypto" word.. because it is really vague to be referring to bitcoin and using the term bitcoin.. so maybe you should clarify.. or just stop using the "crypto" word if you are really talking about bitcoin.
And, in terms of your suggestion that "people should be allowed to convert to bitcoin." People can do whatever the fuck they want, but we are not talking about selling bitcoin in this thread.. we are talking about ways to accumulate and hold bitcoin and perhaps ways to figure out how to NOT screw up in various accumulation strategies in terms of trying to be able to take advantage of dip periods to buy BTC or to hold rather than to sell, if that might be some of the inclinations that some people might get when they see BTC prices going down at a fast pace.
So that the young people had their first experience with the bitcoin.It allow them to trust the bitcoin and start to use of bitcoin as their investment tool.
For sure it can take a while to get used to bitcoin and the various ways to use it and to store it.. so I cannot really disagree with you about these last points that you are making.