Quote from: SmartGold01 on August 01, 2023, 10:10:04 PM

Quote from: JayJuanGee on August 01, 2023, 03:03:40 PM

Snip

This is another important question which we needs to asked ourselves about the total amount needed to hold to be satisfied..
Well, to me will say in as much as we keep working good jobs and we are earning higher we can start buying periodically maybe, either weekly, monthly depending on how our incomes keeps flowing.

But most at times people might think holding A bitcoin is strong and good enough for them to have but without knowing that there are others who are buying thousands of it within some spot of time without having to think their holdings is enough for them, but however, other can't be classified as them, as I have this strong feelings that incomes are never the same and whether someone chooses to buy thousands of it it depending on the degree of their financial status, which is why I myself can't bolding say that I must buy 1 bitcoin per months were I knew that my income is not upto that and even though I succeeded telling people that I does that but within my capacity I know I can't so there is no way someone would keep accumulating without a proper means of income to show and proved that such persons must buy bitcoin.

But, the chances of us to keep buying it when we found it very cheaper could be a great advantage to our lives in time to come compared tomorrow, tomorrow not just 2 of August, this simply means years to come just as bitcoin was launched 14 years back, and many people never supported maybe was thinking bitcoin won't scale through the surface of Earth, which made them pay less attention to the entire bitcoin progression and development. We can't still be blindfolder since some people weren't clever enough to utilized the efficacy of bitcoin and all that concerns it, and even as that many bought and hold but after they made few dollars they sold without foreseeing the future either to be bright or not, that is why today, whenever I am that closed to people who keeps rebelling of their misfortune how they lost their thousands of bitcoin for a muscle of pizza or shawarma keeps pissing me off because even if they had chances to backward or to turn back the hand of time they would still make same mistake by misusing the chance. Everyone always says where was I when bitcoin was less a dollar..

Sir, Ma let the truth be told, there will be some people who would still keep saying it too expensive (maybe lets wait for the price to drop $0.2 before they could buy). Believe me or not, even though the price still drops to $0.01 yet people who don't want to take bold steps won't still buy because they always believed there is every possibility to go more dipper than this. Therefore I can say with all boldness and assurance that this same thing is what is happening currently today. Hence I would loved to call it Procrastination, this sets of people are unwilling to make and effect changes in their lives today..

But what do I do at this point, I have no personal power to instigate or enforce people what they aren't ready for in life, that is, look closely in the forum today you would always see people keeps crying they missed the good chance, Sir I don't take a f**k to those crying because even if they had those chances they would still misused them without taking effects, okay, let say is there no other good coin out there where they can invest and hold if they think bitcoin is no where to be found again?

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

I still believe the more important points are deciding what you are going to do rather than being worried about what others are doing, and sure there are quite a few people who made mistakes in the past in regards to bitcoin, and there are many people who come to bitcoin, and they are not as aggressive as they could be or as they should be because they believe that they are too late.

So then each of us have decisions to make on our own in regards to whether and how much we are going to invest into bitcoin, and how are we going to strategize to reach our BTC accumulation goals, and surely it could take us 10-20 years or more to reach our BTC accumulation goals, but it can never be known for sure, because sometimes a person may have invested 10% of his/her income into bitcoin for 10 years, and so therefore we might believe that after 10 years, he should have right around 1 years salary - and perhaps if his/her investment did well then maybe s/he would have 2 years salary after 10 years.

Of course, merely investing into bitcoin for one or two years, might cause some of us to become more convicted about bitcoin, so in that regard, we may well start to invest 25% of our salary into bitcoin, which should mean that we could invest around 1 years income into bitcoin within 4 years, but we also might choose to increase our cashflow and to reduce our expenses, and so we learn how to be more frugal with our spending and to be able to end up being more aggressive with our bitcoin investment while at the same time maybe even realizing that we have DCA'ed into bitcoin quite a bit, and we have a decent amount of stake into bitcoin, and so since we are getting to several years of our income into bitcoin, then maybe we have been able to better identify dips or to identify strategies that allow us to buy more on dips, even if we realize that we are not very likely to time the very bottom of any dip so even our buying on dips might end up having some DCA components even though we have not been DCA'ing as much as we can tailorize our system in such ways that we kind of know how much we are able to tolerate cash building up which is not a bad problem to have because we have cash building up and we also have a bitcoin stash that is building up too...

...and we are building our BTC stash by buying bitcoin, not be fucking around with selling it and expecting to buy back cheaper.. because those kinds of plans are not as financially and psychologically sound. and those kinds of strategies are seemingly desperate rather than informed.. as we learn more and more about ourselves through the years by not taking unnecessary risks with the BTC stash that we had been building for such a long time, whether that is 4-10 years or longer, or maybe for some of us it could take more than 20 years, which is not necessarily a problem.. especially if we look at the world and how so many people might not even get to fuck you status because they are investing into fiat based systems and getting their value robbed from them.. and we may well learn those kinds of dynamics through our ongoing investing into bitcoin and paying attention in terms of how to balance our ongoing accumulation until we reach a state of BTC accumulation that we know and realize that we have more BTC than we need... We should know it once we get there or get close to that point.

Quote from: Aanuoluwatofunmi on August 01, 2023, 10:26:49 PM

Quote from: SmartGold01 on August 01, 2023, 10:10:04 PM

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

The most important thing to always note about bitcoin is in it ability to always appears a profitable investment over time, you could discover that this same thing has been what bitcoin has developed over other cryptocurrencies whereby you discover some other cryptocurrencies are nothing but a failed attempts because they will fall today and lack the stamina to rise back whenever they massively fall, bitcoin will fall and rise more than it fallen and give it's investors more confident they could hold unto that they are still with the right choice on investment with bitcoin, those that were able to endure holding right from the dip to the season of the bull will have the required experience of bitcoin profitability while holding for that long.

I agree with everything you are saying Aanuoluwatofunmi - except bitcoin is not always guaranteed to go up, even in the long term.

sure the odds are great, and bitcoin's fundamentals remain strong, since it is likely amongst the best of any investments that anyone can make, if not the best of investments, but it is still not guaranteed to go up.

Quote from: SmartGold01 on August 01, 2023, 11:19:10 PM

Bitcoin is a long time project that requires a long term patient to be able to enjoy more benefits especially holding to double their money.

Well, if you are thinking so small, in terms of doubling, then you seem to not really be prepared.

There are people who regret selling too much bitcon too soon because they sold at 100x or more profits, but then bitcoin kept going up.

Even my own portfolio is likely around 29x profits, but it had gone up to 69x and it was as low as 15.5x last November, so even within the profits, there can be a decent amount of fluctuation.. and even if I might have shared some threads in the past regarding how to think about beginning to rake profits, and surely each of us has to make our own choices regarding when we might begin to rake profits, and how much profits we might want to rake and in what kind of increments.

A good thread on raking profits is Rpietila's (Risto) (RIP) 2013 Thread entitled: (SSS) - A Sane and Simple bitcoin Savings plan