Quote from: Wimex on Today at 04:49:52 AM

Quote from: Z390 on July 05, 2023, 11:49:31 AM

It's inside all of us, I sometimes hesitate to take action when I have a feeling that a certain project will do very well, the reason why I hesitate is still unknown to me and after I start regretting my actions, I am a Bitcoin investor and I am also an altcoin investor, I only hesitate with altcoin investment but not Bitcoin and even with the altcoin investment, I always make the right decisions sometimes and other times I the wrong ones too.

Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.

It is because of circumstances like this that i encourage people especially those new to this cryptographic world, to educate themselve.. To learn about everything related to bitcoin since it came to light for the first time, since it is something unique that can prevent procrastination to make strategic movements in the most important events of this asset, i understand that terror invades since most do not like to lose and it is a normal feeling in human beings but in situations like the ones that are about to occur is when you have to make decisions and leave the comfort zone in which many take refuge, this is an opportunity that occurs every 4 years, how could it be missed? it is the best time to experiment and shoot to win. If we never dare to make this type of play we will never know if it was the right thing to do.

Bitcoin is an opportunity of a lifetime, rather than an opportunity of every 4 years because, even though it is likely that the 4 year cycle is going to continue to contribute to UPwards price pressures on BTC, there is no guarantees that bitcoin's price is going to perform in alignment with such halvening cycles...

Yet, at the same time, it seems that historically the longer that anyone invests into bitcoin, the better off that they are likely to be.. so in those kinds of terms, the expression "it's time in the market, NOT timing the market" seems to be very applicable to the bitcoin space.

In other words, it is likely better to get into bitcoin sooner rather than later, and to establish some kind of an ongoing plan that allows you to establish and to build your stake into bitcoin in accordance with your own situation.. that may well end up including accumulation of BTC through a variety of methods that might include DCA, lump sum investing and buying on dips.. and of course, once you start to establish a BTC stake, then you are likely to have more options and continue to have more options as long as you are mostly erroring on the side of building your BTC portfolio rather than fucking around with trying to get in and out or to mess with other kinds of trading scenarios that get caught upon trying to figure out the ups and downs of the 4 year cycles and the extent to which they will continue to occur in some kind of a pattern way... and even with all that it could take a person 2, 3, 4 or more cycles to really establish their BTC stash and to really be able to profit, have options and benefit from likely ongoing compounding effects of the likely ongoing upward price pressures within bitcoin, even while there is likely going to continue to be violent BTC price moves that go in both directions.

Quote from: adzino on Today at 05:05:38 AM

Not a bad idea, but don't buy bitcoin just for the "next" halving. What makes you think that the price of bitcoin is going to go up because of the halving? Crypto currency prices are unpredictable. Don't invest based on the events. Invest only if you can afford to invest. Invest if you are willing to hold long term and be committed for lets say two or three years. Yes, the price do go up due to up before and during the halving (and because of the hype..), but you shouldn't be risking your money like this. Yeah, you can if you have money that you can afford to lose. Instead, focus on investing some amount of savings that you won't need and keep investing as long as you can. Halving or not, just keep investing.

Quote from: seoincorporation on July 05, 2023, 04:32:21 PM

-snip-
I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k.
-snip-

And what if the price goes even higher than the $30k you mentioned? Wouldn't it be too late to buy? That's why, don't wait for the price to fall or rise. Just invest if you can, sit back and relax.

I agree with everything that you say in the above post, adzino - however, your suggestion that 2-3 years is a long term investment seems misplaced, and also may well keep people thinking in terms of getting in and out of bitcoin within the period of one 4-year cycle, and for those kinds of reasons it is likely better to suggest that their investment timeline is better to be thought of in terms of at least a 4-year timeline and perhaps even quite longer than that.. 4-10 years or more.. and sure there are likely some exceptions in which someone might have specific needs in which they are not able to invest for at least 4-10 years or more, but then they might have to consider to change a bit of how they allot into bitcoin (perhaps taking a smaller position).. and surely there are ways to trade the BTC market which surely are on shorter time-frames, but trading is not really an "investment" practice for the vast majority of normal people, since it takes some special skills to figure out how to benefits from trading without overly risking principle.

Quote from: Reatim on Today at 05:48:10 AM

if people can manage to put all their money before halving then that is perfect but we must always have a plan B , because though it never happened before but what if this halving we go sideways?

sorry for not trusting 100% buyt i am just being realistic in life.

Of course, I largely agree with these points, but you have framed the matter a bit strangely, and maybe that is because people frequently frame these kinds of investment allocation matters in weird and nonspecific ways. There are not very many people who are able to go into bitcoin with 100% of their cash reserves, and for the vast majority of people, they are going to need to have cash on hand and maybe even other investments, so it is likely erroneous to even be saying that they are 100% into bitcoin or any other investment - except maybe if they are saying that they have an investment portfolio, and their investment portfolio is 100% into bitcoin, which seems like it might end up happening from time to time.

Sometimes we might need to flesh out what we mean in term of how aggressive that we might be in an investment, and if we can figure out how much savings/investments that we have totally (what is the size of our networth), and figure out our cashflow and then figure out from there how much we might have available on a monthly basis to be able to put into bitcoin, then those are going to be helpful exercises that also help us to better explain and to be specific in regards to how we are talking about how aggressive that we might be in terms of building our bitcoin holdings.

And, surely you are valid in terms of making your overall criticisms that individuals who try to go into bitcoin really heavily prior to the halvening and then wait to cash out after the halvening, might end up in a kind of problematic kind of approach to how they think about their bitcoin investment and whether or not if they are able to accomplish their goals, which also might be to attempt to acquire more BTC when the price drops back down (presuming that the price might drop back down at some point after it goes up).

Personally, I do believe that it is good to attempt to project out your expected cashflows and then to create a budget for your bitcoin that involves lump sum investing, DCA and buying on dips, and the extent to which anyone might be considering selling BTC in order to buy back lower, I would caution to consider those selling to buy more BTC as being inferior techniques and even inferior ways of thinking about how to accumulate bitcoin - if we presume that a lot of people are likely in BTC accumulation mode - except that a lot of people are so short term in their thinking that they have inabilities to actually think in terms of long term BTC accumulation rather than short-term pleasures that they might get from cashing out some or all of their BTC at various points (which ends up putting them with way fewer - and perhaps no BTC) and more cash, so they feel that they have profited from their transaction in the short-term... which might not end up playing out so well in terms of long term possibilities.. and the way that so many folks end up cashing out way too many BTC too soon, and then they later become bitter in regards to their failure to recognize and appreciate bitcoin as long-term wealth-building strategy.. and it is a matter of proportions in terms of how to feel that you do not have to sell too many BTC too soon or that you do not have to feel that you need to overly stock up on Bitcoin out of hopes that you are going to be able to cash some of that out upon a BTC price run.. which can get you into trouble if the BTC price does not move in the direction that you would like and in the timeline that you would like.

Quote from: blckhawk on Today at 06:13:27 AM

Quote from: JayJuanGee on Today at 03:33:30 AM

Quote from: blckhawk on Today at 02:19:01 AM

Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.

You come off as wee bit ill-informed blckhawk.

So each person is responsible for their own decisions regarding whether to invest into bitcoin and how much to invest into bitcoin in accordance with their own individual circumstances, and also it likely would be better to learn about bitcoin too, but surely there are a lot of people who invest into bitcoin but really don't even know anything about bitcoin except for the belief that it is number go up (NGU) technology.

Ill-informed? I was just saying that before people buy bitcoin, that they should check the reality around them, that they might not be able to afford to invest in it because they lack the excess money from their paychecks which I think is logical. Of course they are responsible for their own decisions, it doesn't hurt to pitch in ideas so they can further think about their next step. I don't know much about those people that you are talking about but in my opinion, those people are not so different from the clients of the Wallstreet stockbrokers, they may have some knowledge but I don't think I can classify them as someone that knows what they're talking about when it comes to stocks.

Sure some people are gambling with their bitcoin stash and their approach to bitcoin, and there as you suggested there are dangers in taking a gambling approach to bitcoin that involves overly investing with money that you could not afford to lose in the event that the BTC price does not move in the direction that is expected and within the timeline that had been expected.

At the same time, there are a decently large number of ways to take a fairly assertive and aggressive approach to bitcoin investing without necessarily getting maniacally focused on the need for short-term BTC price moves to the upside and also apportioning BTC investment risks in such a way that you are prepared for either BTC price direction, while expecting that downside scenarios are not as likely as upside scenarios, especially in the longer term and if you can withstand/tolerate that downside scenarios may well end up playing out in the short term - which may well be either opportunities to buy more BTC or at least to NOT sell, even if you might have run out of money to buy more BTC while the price seems to be going down (or staying down) for degrees of DOWNity severity and for periods of time that are much longer than had been anticipated to be possible.

Of course, there are all kinds of people in bitcoin who approach bitcoin from perspectives that may or may not end up paying off for them - and in that regard, each person has to figure out the extent to which s/he considers bitcoin as some kind of a compliment to other investments that they have (such as property, stocks, bonds, commodities) or if they might consider that bitcoin is going to serve as their only investment (besides having cash) in which they are building their wealth to a point in which they consider that further diversification is something that they will likely do later down the road after they have built up their bitcoin investment portfolio to size in which it might start to feel that too much value is in there.. whether that is when the get to an investment portfolio that is 20% of their annual income 100% of their annual income 2-5x of their annual income or some other number in which they determine that they might have too much of their value in one asset (namely bitcoin, which we know to be a quite volatile asset to have a large portion of value into it.. and perhaps considering the extent to which their are back up funds and assets that might be available to draw upon during bitcoin downity periods.. and those other investments likely do not need to be shitcoins .. but instead other asset classes that are less likely to be specifically correlated to bitcoin, which again would be things like property, stocks, bonds and commodities.