Quote from: Mate2237 on July 15, 2023, 01:12:11 PM

Quote from: SOKO-DEKE on July 05, 2023, 03:44:03 PM

Procrastination is never a good habit because it steals our opportunities and makes us lose them. So let us stop procrastinating and do what we know will bring us great benefits.

But if I may say what bring about the mentality of many People's postponing their investment in bitcoin despite their awareness of the halving period, I may say that is a lack of proper understanding of the cryptocurrency market. The fear may be in them that maybe the bull run will not happen, but I see all that as a lack of proper knowledge of cryptocurrency or lack of enough money.

But situation make people to procrastinate things that they can do in the shortest period. Procrastination is not good but when you don't have the resources to execute the project what will you, won't you postpone it? And all fingers are not equal so people must procrastinate things to the future to do when they have the resources. I don't think someone with the right sense and have all the required resources in his house and yet he is Procrastinating the project then something is wrong with the person.

If I have money to buy bitcoin instant I won't procrastinate in it but whereby I don't have the money at the moment then procrastination will definitely come to stage.

You are NOT describing procrastination.

If you are lacking in resources or some other aspect (even conviction), and then you delay based on those kinds of reasons, then those kinds of behaviors do not fit within the definition of procrastination. In order to fit within the definition of procrastination, you have to have the resources and/or all of the necessary items in order to carry out the task (bitcoin buy in this case).

Quote from: nimogsm on July 15, 2023, 08:22:51 PM

good topic for discussion. According to my observations, my friends always bought cryptocurrency after the main event, that is, they did not want to prepare and spend time on their own training, which is why they do not receive the profit they need, because at the initial stages they were lazy.On the one hand, this is even better, as there is less competition between earlier investors.

Fuck shitcoins. We are not talking about shitcoins in this thread.

Quote from: hannahB4 on July 15, 2023, 08:47:08 PM

As I will advise, when one hears about things firstly you do your research and decide on the best amount you can invest, so that people may not necessarily be procrastinating but doing their research into what they are investing their money in, if we tell a new investor to invest and wait till the next halving to have more profit and it doesn't happen what to tell then

You tell them that they are 100% responsible for anything that they choose to do, including whether or not to invest into bitcoin and how much to invest into bitcoin. They have to figure out those kinds of details themselves, including figuring out if they might have had made a mistake by investing into bitcoin without blaming anyone except for themselves for any decisions and/or action that they choose to take, even if they were relying on some person who happens to have had been wrong and/or overly passionate (about bitcoin).

Quote from: Nwada001 on July 15, 2023, 11:14:33 PM

Provided that Bitcoin is the purchased coin, there is always some possibility that the price will double in the near future; it's just a matter of patience.

If you say it is a matter of patience, then you are implying that there is some kind of guarantee, and there is not.

The better way to think about the subject of bitcoin investing into the future is that it is a matter of position size, so you take a position based on how probable you believe that the BTC price might go up versus going to zero (or some other scenario(s) in which you do not profit.

So if you place $1,000 into bitcoin, and it goes to zero you have lost $1k, however, there are scenarios in which your $1k could go up to $2k, $5k, $100k, 1,000k or some other amount, so you can weigh the probability of the various possible outcomes to consider how much of a position size (allocation) into bitcoin that you believe would be good for you in case some kind of an UPpity scenario were to take place rather than some other scenario, including a downity or sideways scenario.

Quote from: Asuspawer09 on July 15, 2023, 11:59:08 PM

I mean it's not just procrastination, I think most people or investors' problem is they just doesnt have enough money to invest yet. I think that they need a big amount of money to start investing I think.

Yeah.. but we already know that with bitcoin, you don't need a lot of money. You ONLY need to have money that is extra (that you can afford to invest) that goes beyond the money you need for expenses, such as eating, lodging, transportation, entertainment, emergency expenses, etc. Once you figure out that you have $1 extra per week that you can afford to invest, then you can put that $1 per week into bitcoin, and surely it helps to have more, but you can ONLY do what you can in terms of how much money that you are able to generate as being extra that you don't need, and it is likely that having had invested into bitcoin will give more options than if you had chosen not to invest into bitcoin... but of course, since the payoff of investing into bitcoin is not guaranteed, you still have to figure out how much to invest and how aggressive to be in terms of your bitcoin investment, in the event that you have some discretion in regards to the amount that you are able to put in.

Quote from: Asuspawer09 on July 15, 2023, 11:59:08 PM

I already know Bitcoin when the market price was just around 400$ but at the time I was just a student so I just can't afford Bitcoin at that time but if I do have money probably I'm going to invest it in Bitcoin at that time.

Surely some people have tight cashflows at various points in their lives, and then in those cases, it probably would either not be wise to invest into bitcoin or to adjust their position size to a lower amount that is within their budget.

Quote from: Asuspawer09 on July 15, 2023, 11:59:08 PM

I guess what they don't realize is if they could start buying at a very low amount of Bitcoin, they could easily accumulate Bitcoin over time by buying a small amount of Bitcoin similar to dollar cost averaging, You are right, Bitcoin halving is an important event on Bitcoin and probably they are the event that could trigger the Bullrun meaning you need to position your self on the market while it's still early, If you position your self early you have a lot more room for a higher profit, that means you could easily HODL your Bitcoin on to the top with just a little risk, since you could easily sell when the market price drop because its still a profit anyway because you bought at the bottom.

I agree with everything you say here - except that you don't necessarily need to be attempting to play the waves and to sell when it goes up and buy back lower, even though it could be prudent to engage in some kind of BTC portfolio management that involves selling some as the price goes up or at various higher prices in the event that you can recognize higher prices and in the event that you might not end up with fewer BTC because you did not time your sell properly (meaning that you end up selling too much too early).

Another way of thinking about the matter is just buy BTC and continue to buy BTC and perhaps buy more when the price goes down and to buy fewer if you believe that the price is going up too quickly.. but then it is not easy to determine these kinds of matters, even though there are probably ways to continue to buy BTC and then to figure out at what point you have enough BTC or that you have too many BTC.. which makes it easier to sell BTC as the price goes up if you have too many and the quantity of BTC that you are selling is not going to cause you to regret not having them if they BTC price keeps going up after the time that you sold them.

Quote from: knowngunman on Today at 08:48:18 AM

Procrastination is one thing that can not be separate with human especially when you lack the knowledge. In the case of crypto, lack of knowledge is what result to procrastion. Most of people who have little or no knowledge about crypto misunderstand crypto with ponzi which to them might eventually runaway with their funds. Considering how hard it is now to make money, procrastination is expected when you hear something you lack it's knowledge and how it works.

Yeah.. but we are not talking about crypto or shitcoins here, so why do you need to bring up such an amorphous and meaningless concept. Who the fuck knows what you mean, when you say there is something going on in "crypto?"

The mere fact that others uses such dumb and amorphous terms, including mainstream media and including that uneducated people use such dumb language, does not mean that we should be repeating such meaningless gobbledy gook ways of speaking.

Hint: If you are talking about bitcoin, then use the term bitcoin, but if you are talking about something else, then say what you are talking about rather than making some kind of vague reference that does not really have meaning... "I am invested in cryptocurrencies." That's a meaningless statement that does not tell us what the fuck you are invested into... specify.. what it is that you are talking about so that we have some kind of idea, instead of just spouting out some vague and meaningless reference.