Quote from: Sayeds56 on Today at 04:27:10 AM

Quote from: JayJuanGee on June 05, 2023, 03:55:57 PM

Also, I doubt anyone just achieves "extensive knowledge" without a lot of practice and making improvements along the way, so likely each and everyone of us start out as being pretty dumb in a lot of ways, and there are ways that some people learn more along the way as compared with others and some people are also persistent in their various ways of pursuing knowledge and attempting to actually apply that knowledge to the real world - rather than ongoingly speculating about various fantasy worlds.

Appreciate your comment that understanding the importance of applying knowledge is crucial in real life situations. Simply acquisition of knowledge without any intention or desire doesn't helps or serves and purpose for the society. True knowledge extends beyond theories and hypothesis scenarios. Genuine learning comes from actively engaging with people and apply your knowledge to solve the problem what society is facing.

The same principle can be applied to Bitcoin investment by utilizing our learning for making informed decision, which can lead to financial stability in our life.

I would like to clarify that I am not against theoretical knowledge, since frequently each of us is likely going to have opinions and theories about some kinds of things that we have never experienced, and that we might not be able to experience (very easily) and some things might be dangerous to attempt to experience, but still we could theorize about them in terms of their being dangerous or their being thrilling or their being difficult to accomplish or their being physically painful/pleasurable.

For example, I can theorize that if I walk on a high beam that either I am going to fall right away or I will get dizzy, or I could theorize that I will be able to walk between two tall buildings, and perhaps it is better for me to theorize about it rather than actually attempting to put my theory into practice, but it likely would be a good idea for me to theorize about whether I should do it, what it might be like and what the consequences might be before I actually attempt to carry out the practice of my theory.

Even in regards to bitcoin, there still might be a lot of ways that we theorize about the particulars prior to attempting to execute in order to attempt to filter out some of the possible ways that we might want to proceed forward and we might want to theorize about it prior to actually attempting to practice, and there may well even be some areas that we choose not to attempt to put into practice, largely because we theorized about it first (and it does not even necessarily mean that we are going to come to the right or the better of conclusions regarding whether and how to act) and it is valid that we theorize, and it seems that part of the point that I was attempting to make earlier is that there are a lot of ways that we learn way more about ourselves (such as our psychological boundaries), when we are ongoingly practicing managing our BTC portfolio for a long period of time and/or attempting to build our BTC stash by whatever methods that we choose, perhaps including but not limited to accumulating through DCA buying, buying on dips and lump sum investing - and also perhaps by attempting to maintain our BTC stash through sell (use) and replace whatever we had sold (used). We can theorize first, and sometimes end up being wrong in regards to overly acting on our theories when maybe we should not have attempted to act on certain aspects of our theories.

Yes, of course, some people might ONLY have enough of a budget that they are able to pay for their living expenses, and they do not have any extra money to buy any BTC, and so sometimes it can be difficult to get to a point in which any of us is able to act upon our theories and beliefs if we are not able to put ourselves into a position in which we can act in order to buy BTC regularly.

On the other hand, some people might have to make a lot of corrective actions in their lives in order that they are able to set aside $100 per week (or even $10 per week) to buy BTC on an ongoing and regular basis, and when these people go through those measures to set aside some of their cashflow and to dedicate it towards BTC, they have abilities to learn a lot about themselves and about their various balances of how to manage their money better.. and they get some of those additional skills because they ongoingly went through persistent and consistent behaviors over long periods of time and perhaps even making adjustments (and even making big and small mistakes) from time to time.

Quote from: YUriy1991 on Today at 07:39:40 AM

Quote from: JayJuanGee on June 05, 2023, 03:55:57 PM

Don't get me wrong, I am not trying to proclaim that I am any kind of a genius or that I am better (or smarter) than everyone else, but there are things that each and everyone of us can try to employ better methods and tactics in terms of trying to use actual facts that support logic and sound conclusions, rather than failing/refusing to learn or to understand how some relevant (and inconvenient) facts might fit so that we can arrive at better conclusions, even if we might never really be able to achieve 100% perfect information.. .or perfect logic or perfectly sound conclusions, but we can still strive to be better and to learn from the various ways that our information, logic and conclusions might be defective.

Today the market speaks. The market is still very vulnerable to issues of negative sentiment and FUD.

So you are suggesting that you were right about BTC's price direction? Roll Eyes

You must be rich.

Quote from: YUriy1991 on Today at 07:39:40 AM

Maybe every perspective is different in understanding the basic principles and dynamics of the market well.

There are ways to manage your portfolio that accounts for BTC price movements in either direction, and some people like to gamble, and some people like to attempt to make trades in regards to where they believe the BTC price will go. Good luck with that, especially if you are fucking around with large portions of your BTC stash in those regards and expecting that you can increase the size of your BTC stash by selling higher and buying lower... especially if you are selling after the BTC price had already gone down and you expect it to go down lower.

Yes, you might end up being correct 9 out of 10 times, and then if you are playing with too much of your stash, 1/10 of the time being wrong could wipe away most if not all of your profits, and you might have had been better off with some kind of another strategy.. and sure, if you think that you got it figured out, then apply whatever strategy that you believe works.

Quote from: YUriy1991 on Today at 07:39:40 AM

Our goals here may all be the same, only the means of delivery may differ in learning and developing a thorough understanding of Bitcoin, which in turn forms confidence in the cryptocurrency. Yes. it's normal and I really appreciate it. Thanks for the advice and opinion.

Likely there are subgoals that will be individually tailored.. or at least should be individually tailored that likely would depend upon where each of us are at in our bitcoin journey.

If we are relatively new to bitcoin, we may well be in early bitcoin accumulation, and we might set some BTC accumulation targets, and then we might set forth some strategies regarding how we might strive to reach our various BTC accumulation targets.

Some of us might come into BTC as our first investment, and others might have been investing for a decently long time and be wanting to allocate some of their overall investment portfolio into bitcoin.

Some people might already be at or near fuck you status (however, we might define fuck you status), and others might be a long way from fuck you status, and some may want to attempt to rush their getting to fuck you status because they believe that they can employ some trading measures to cause their movement from zero to fuck you status to come more quickly than it would if they had employed more conservative measures.

Goals should be individually tailored, and even if you can characterize the end goals as similar (such as we all want to get rich), it hardly makes any sense, because each person is at different places in their journey and each person even has differing risk tolerances and even views of bitcoin as compared with other assets that they might invest into they might already have other assets too, so many times the journey is going to be different, and even the tactics are likely to be different depending upon current location.

By the way, there could be two people who come to bitcoin with a similar amount of resources - let's say that each of them has an investment portfolio that is $100k, and that $100k investment portfolio contains stocks, bonds, cash, commodities, property interests, and perhaps each of them has a cashflow that is around $36k per year and perhaps $100 per week ($5,200 per year) that they are able to invest into bitcoin. Let's say that they choose to allocate 10% into bitcoin, and one of them, might decide to immediately sell some of his/her other assets and accumulate $10k in bitcoin (and therefore immediately reach his/her 10% BTC allocation), and the other person might decide to buy BTC at $100 per week (or perhaps choose some other amount), but if s/he decides to merely buy $100 per week in bitcoin, then it may well take him/her 2 years or longer to reach his/her 10% allocation into bitcoin.

So if you are trying to suggest that each of us has the same goals, frequently there are nuances in the ways that people are ready, willing and able to work towards achieving their goals in terms of how many chances that they might be willing to take, and surely we can likely witness that there are people that appear to have similar starting points (or maybe the reach similar financial resources levels at various points in their life journeys), but still people will make decisions that likely contribute towards how successful that they might appear to be in the short-term versus the longer term and even some people might end up having more overall prosperity - some choose to consume more earlier in their lives and others choose to defer gratification (which may or may not end up paying off if they die or get sick early and end up not being able to consume the wealth that they had accumulated and had been enhanced because of their deferred gratification).

I doubt that we can really realistically proclaim that we all have the same goals, even if their might be similar shared desires that each of us has.. and many times the various ways that we might approach whether I might buy the luxury vehicle and my friend might buy the more economical vehicle, and there are trade-offs to each that may or may not end up playing out as we might expect, and surely some folks might not really theorize about some of the consequences down the road, even if they might theorize what the consequences might be in the short term - but might not be wanting to consider some of the longer-term impacts that might be a bit more difficult to come to reasonable assessments, and no reasonable assessment will even be achieved if it is not attempted, and I am not even saying that every decision needs to be beaten to death prior to going down some kind of an irreversible path.

Quote from: Sayeds56 on Today at 08:25:11 AM

Quote from: YUriy1991 on Today at 07:39:40 AM

Today the market speaks. The market is still very vulnerable to issues of negative sentiment and FUD. Maybe every perspective is different in understanding the basic principles and dynamics of the market well. Our goals here may all be the same, only the means of delivery may differ in learning and developing a thorough understanding of Bitcoin, which in turn forms confidence in the cryptocurrency. Yes. it's normal and I really appreciate it. Thanks for the advice and opinion.

The recent SEC action against Binance which triggered panic selling and a significant drop in Bitcoin with price decreased more than $1500 in a single session. It is likely that Bitcoin market will continue facing such volatility in coming weeks and months, as this is how Bitcoin market has been behaving historically which is its inherent characteristic. However, as long term investors, we should not overly concerned about such negative development and remain committed to our long term strategy.

Yes.. volatility is likely inevitable.

yes attacks upon bitcoin is likely inevitable in the short term.

How do you know that the BTC price movement will be negative, merely because you have reasonable speculations in regards to the above two.

There are other things going on in bitcoinlandia too.

Are those things positive or negative in terms of their affects upon BTC prices?

Are you able to figure out all of the various factors that would cause you to conclude that there are high odds that the BTC price might be going down rather than UP from here in terms of a 1 month time line? 3 month time line? 6 month timeline? what other timeline would you like? and what kinds of odds for down rather than up would you place on each of these? greater than 50/50?

How about the $15,479 bottom that had taken place in November 2022? What are the odds that the bottom is in?

You can also choose other price targets and try to figure out odds that the BTC price might hit those price points. How much value are you going to set aside in order to be able to buy BTC at those various price points ... and then what if they do not end up playing out? Are you going to be o.k. with still holding value that is not in BTC?

Also, what about selling BTC in order to buy lower? Good luck with that, even though people do these kinds of things (even people who are in their earlier stages of BTC accumulation... and will those kinds of tactics work out?

Of course in this thread we are not really getting into selling to buy back lower because we are largely wanting to emphasize tactics to either regularly buy and/or to figure out various points in which we buy on dips and how much of a dip do we buy and how much we might save for further dips, if such further dips were to occur. and then if they don't occur, then what do we do? Are we still ok.. with that?