Quote from: Makus on July 21, 2023, 08:02:53 PM

Quote from: Mr.suevie on July 20, 2023, 09:44:16 PM

having a strict policy

though am new to the whole Bitcoin world and it's concept but in addition to what mr suevie said, I believe having some qualities without a strict policy to fall back to will result to an incompetent investor as trying times may arise which could cause panic, policies are actually the building foundation of competency and when you don't have one trust me the outcome would be a disaster.

As you grow up, you learn certain kinds of competencies, and even if you did not officially learn how to manage your finances, at some point in life, you likely will need to learn how to manage your finances, and if no one teaches you, then you have to learn yourself, including learning how to invest, since if you do not invest, then you are likely going to have to continue to work until you die.. Of course, there might be some state systems that might help you out, but there likely is some value in terms of figuring out ways to improve your own situation rather than relying upon systems that may or may not hold up at times when you would prefer to discontinue working..

There should be some value in terms of building wealth in your youth, so that at some point when you get older you will not have to work as hard (or perhaps not at all) in order to stay comfortable, and no one here seems to be suggesting that any of the choices are easy, but if you fail to act because you are afraid or you want someone to teach you, then you likely are going to miss out upon a lot of possibilities to help to secure your future with better kinds of assets and even having savings that hold its value.

Experience is a great teacher, so jump the fuck in and get started, and if you feel that you do not have enough competence then just start with basics, which is figuring out the kinds of assets or money that hold their value the best and stock up on them, and if you finally at some point come to realize that bitcoin is likely amongst the best of assets (if not the best) then you may well both figure out that you need to learn about bitcoin and you may well figure out that you need to engage in some behaviors to save up upon it, perhaps with a certain amount of aggressiveness, but at the same time, hopefully not so much aggressiveness that you end up recking yourself because you got greedy and you failed./refused to keep enough money in cash (or perhaps other less valuable than bitcoin assets that you can spend) in order to be able cover your various monthly expenses without having to tap into your bitcoin stash during its building and accumulation and compounding stages, which could well take you 10-30 years to build to a meaningful level and to learn how to sufficiently safeguard it too.. and no one is saying that any of these matters are easy, even though you likely will be advantaged by making efforts to learn and to put your learnings into practice earlier rather than waiting around... and hoping that someone teaches you how to be financially and self-preservingly competent.

Quote from: rachael9385 on July 21, 2023, 08:20:14 PM

Quote from: JayJuanGee on July 21, 2023, 07:10:39 PM

Quote from: bitLeap on July 21, 2023, 06:12:15 PM

Quote from: JayJuanGee on July 21, 2023, 05:09:27 PM

[edited out]

Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind.
I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning.

Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points),

Yes is true, if everybody have the same thought that will be extremely not okay, some people have to go the wrong way for others to hear something good,

I am not saying that. Each of us has to choose the best path for ourselves in order to make sure that we have a situation in which we can increase our chances for having a better life and preserving value... but the mere fact that we are able to win does not mean that others have to lose. That is retarded kind of thinking.. to be acting as if the value is a fixed pie - since there are some things in life in which others do not have to lose in order for each of us to strive towards winning.

Part of the thing about some people winning and other people not winning is that some people have BIGGER obstacles, bad luck and sometimes they just make dumb choices.. or they choose to gamble rather than being prudent and reasonable in their investment approaches.. or they fail/refuse to learn, so instead of investing they engage in gambling while erroneously "believing" that they are investing.

Quote from: rachael9385 on July 21, 2023, 08:20:14 PM

I have lived a life of honor and I have understand that their are some people who hear good things through bad things, just imagine a Case were a scammer tells someone who don't know anything about Bitcoin because he's trying to scam the client, that learning good from a bad reputative person, mean while a good investor doesn't live he's life so low because he's not working for the more but taking risk and if the money comes it takes grace for the investors to use the money wisely.

Well sure.. there are scammers in the world, so each of us is responsible for our own behaviors and our own actions, including if we are willing to follow scammers who might be showing us short-cuts in regards to how to get rich quicker. Each of us has to figure out these matters, and there are some kinds of investments that are not scams, including but not limited to bitcoin... and if you don't recognize and appreciate the value and power of bitcoin then maybe that is upon you to figure out how to learn moar better.. and to be careful in regards to who you trust, including sometimes storing your coins in such ways because you are trying to get yield, when you may well be (and likely are) better off by storing your own keys and being careful in any kinds of third party custodian solutions/services , even though sometimes using some third party services might sometimes be acceptable and beneficial as long as you do not put all (or large portions) of your BTC stash into those kinds of services.

Quote from: TheGhostMan on July 21, 2023, 11:42:09 PM

Quote from: JayJuanGee on July 21, 2023, 07:10:39 PM

Quote from: bitLeap on July 21, 2023, 06:12:15 PM

Quote from: JayJuanGee on July 21, 2023, 05:09:27 PM

[edited out]

Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind.
I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning.

Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), so they might not even be panicking in regards to carrying out their plan.. but they still might not be as informed about bitcoin as they believe that they are...

and I am not even suggesting that any of us really know where the BTC price is going to go, even though at the same time, it seems to me to be better to prepare for considerable upside scenarios, even if we might not believe the BTC price to go there.

very good contribution, In my opinion, identifying a good Bitcoin investor implies considering characteristics such as persistence, self-discipline and a deep knowledge of how Bitcoin works.
These qualities are essential to succeed in this world. Although investing in BTC or cryptocurrency in general is not a fast track to getting rich, it can be profitable with a long-term perspective and well-informed decisions. and above all, recognize the inherent risk and not panic and make a move that harms the investor, due to the high volatility in this type of investment. Therefore, I would recommend investing only the money that you can afford to lose. A good additional piece of advice would be to have a job with a stable income that is not affected by investments, to avoid compromised financial situations.

You do not need to know everything, and you can learn as you go... including starting out by investing a small amount and then building your investment as your knowledge improves and maybe your cashflow also improves, then you might be able to dedicate more towards investing into bitcoin and also learning how to preserve and secure your investment becomes more and more important as the size of the investment grows, so the more that the investment grows, the more incentive that investors will have to learn more about their investment and to learn about ways to safeguard it.