Quote from: Patrol69 on Today at 07:07:35 AM

Quote from: Mr.suevie on July 19, 2023, 08:00:35 PM

Quote from: Dr.Bitcoin_Strange on July 19, 2023, 05:26:12 PM

In Bitcoin investment, one doesn't lose anything unless you sell so cheaply. So, even after buying Bitcoin and holding it in your wallet, it doesn't mean you will lose your asset if the price falls below what you paid for it. I gave an example of my friend last year who was waiting for the Bitcoin price to fall to $10k–$12k before he could purchase it because he also believed that the price would drop more, but he was unlucky because Bitcoin did not drop below what he expected and he ended up buying Bitcoin at $20k+ just this year, while he had the opportunity to buy Bitcoin last year when the price was still below $20k.

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

When buying Bitcoin we always wait for a price that is slightly below the current price. That is, if the price of Bitcoin is $10K at the moment, then we will think that the price of Bitcoin may go down further, that is, thinking like this, many people could not buy Bitcoin until now. It wasn't long before Bitcoin hit $16K. Those who couldn't invest at that time hopefully won't be able to invest in Bitcoin today.

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Another thing is that you do not have to invest at the bottom in order to be profitable, so people who had been investing into bitcoin for the past 3 years are surely in profits, even if they bought some bitcoin at higher prices. A straight DCA approach of buying $100 worth of BTC every week over the last 3 years would have resulted in $15,700 invested and 0.621 BTC accumulated. Looks profitable to me, and whether you could have been it by buying on dips is not easy to know, because sometimes those who DCA invest into bitcoin might be able to be more aggressive than those who try to strategize their buys.. but sure.. no problem, there might have been some folks who might have had been able to invest $15,700 over the past 3 years and got more than 0.621 BTC.. perhaps? perhaps?

Quote from: Mame89 on Today at 05:34:42 PM

Quote from: Bobrox on July 20, 2023, 09:32:48 AM

Current Bitcoin halving countdown left 270 days and seems excited for investing right now and earn profit later when closing with halving, due positive progress with last edition Bitcoin halving, I believe Bitcoin will up to higher price when near with halving and my predicting with Bitcoin can raise to $60,000. Bitcoin have dropped to $15,000 and current price today success wake up above $30,000 and not really difficult before near with halving Bitcoin will up to $60,000.

Its right time today, buy Bitcoin before late and invest as much possible due many positive progress one day later when halving almost close, don't be late for investing in bitcoin actually with halving moment come every four years and need waiting longer time to get halving bitcoin moment.

“Bitcoin could jump up to $100K with the next halving.” We can all die tomorrow, doesn't mean we die. A thousand theories will be lost by one concrete action. We can only reverse the wall clock but we can not reverse time, so it's never too late. But we still have to take wise action, don't because we don't want to be late, we instead use borrowed money.

Sometimes most people like to delay when they're tight and then panic to buy it, if it's tight then act. It shouldn't be like that, because any investment, let alone bitcoin investment, is very important for us not to procrastinate. if indeed you can set aside money to invest it will be better, so that your financial condition will be safe in the future.

I agree with everything that you say, especially in regards to getting started early and perhaps attempting to be somewhat aggressive in terms of making sure that you get a stake in bitcoin.

However I doubt that it is a good idea (or even necessary) to front-load your investment into BTC with a loan, even though it could pay off to use debt and to front load your investment, I question the extent to which it is necessary to engage in leverage... especially since bitcoin is likely one of the best asymmetric bets that exist (if not the best), and why screw up a good deal by adding leverage to it, which might cause you to fuck up a good thing.

In other words, everyone should attempt to be as aggressive as they can in terms of their approach to bitcoin and in terms of getting a stake in bitcoin and figuring out how much of a stake that they want to get into bitcoin and attempt to be as aggressive as they are able to be without over doing it, and in that regard, each person has to attempt to account for all of his/her financial and psychological specifics if s/he is wanting to attempt to be as aggressive that s/he is able to be without overdoing it.

Quote from: Abu-Naim on Today at 05:53:18 PM

Quote from: Mame89 on Today at 05:34:42 PM

“Bitcoin could [edited out]

How dangerous it is to invest in Bitcoin with borrowed funds when we know it is trustworthy.

Should I borrow money to invest in Bitcoin as I trust it more than all other coins? Remember that the loan I will take out will have to be repaid after a year, in light of the upcoming Bitcoin halving.

Loans have all kinds of conditions, and you have to figure out if you believe that any loan that you are eligible for would be worth it to take out.

So for example, if your loan has to be paid back in a year.. that is one thing. If your loan needs to have payments and it has to be paid back at the end of the year, that's another thing. What is the interest rate? Is it 5%? 10% 15% or some higher amount? Are you dependent upon the proceeds of bitcoin to pay back the loan, or do you have other ways that you can pay back the loan in the event that bitcoin does not get to a place in which you would like to sell it. How much income are you able to earn over the next year? is that income enough to pay the loan plus the interest rate (plus any service fees that might attach to the loan)?

You should pretty easily be able to calculate these kinds of factors to figure out if you are willing to take the risks on using leverage rather than just buying bitcoin through your normal channels.. and also including that if you don't take out a loan, then you still can get price exposure, that price exposure will not be front loaded though.

If you are not really calculating these kinds of matters to make sure that you understand each of them, then you are using such loan to gamble rather than invest, and you could turn a good investment into a bad outcome.. so in bitcoin you usually would ONLY be able to lose up to 100%, but with a loan, you increase how much you can lose and how fast you can lose it... and of course, there is upside potential too... but don't let greed fog your vision in terms of calculating whether or not taking a loan is a good idea based on your own specifics, and your speculation of the likely direction of the BTC price is ONLY one of the factors that you should be considering.