Quote from: Sayeds56 on Today at 12:48:52 AM

Quote from: JayJuanGee on August 02, 2023, 04:22:56 PM

Yeah, but you are fighting with the hypothetical, because in this hypothetical the BTC price is already $80k and a newbie is coming to BTC and he is having to decide what to do at that time. He cannot go back in history.

Another thing, is your presumption that BTC will dip merely because it gets to $80k. That has not always been the case in BTC history, but still we cannot necessarily merely use BTC price history in order to make our decision about what to do. We have to decide right at that time what to do, and we are new to bitcoin, we do not have any and we have to decide.

If you decide to wait for the dip, then you still don't have any BTC if the price does not end up dipping as you are suggesting that you expect it to do so.

I believe that eventually investment in Bitcoin will potentially yield significant returns, no matter at what price you buy it. However, the decision to invest in Bitcoin when prices are higher or wait for the potential dip is a personnel one.

Sure it is personal.. but you are still avoiding grappling with the specifics of the hypothetical.

In this particular hypothetical, the BTC price has reached $80k, and the hypothetical person has absolutely no BTC. He has to decide whether to get some or not.

And, it is not even like $80k is the ONLY price point in which something like this could have had been applied. Let me give some examples from the charts, and you can go look at those examples yourself to see what the consequences would have had been in terms of choosing to wait.. which you don't really know, but it's your choice about what to do, and is it personal or is there something else going on?:

1) In early 2013, we could have seen that the BTC price had gotten to $50, so it has surpassed the previous ATH of $32, and so in that situation, at $50, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

2) In early 2013, we could have seen that the BTC price had gotten to $50, so it has surpassed the previous ATH of $32, and so in that situation, at $50, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

3) In late 2013, we could have seen that the BTC price had gotten to $300, so it has surpassed the previous ATH of $263, and so in that situation, at $300, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

4) In late 2016 / early 2017, we could have seen that the BTC price had gotten to $1,900, so it has surpassed the previous ATH of $1,163, and so in that situation, at $1,900, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

5) In early 2021, we could have seen that the BTC price had gotten to $24,000, so it has surpassed the previous ATH of $19,666, and so in that situation, at $24,000, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

So, we do not know exactly what the future situation is going to be in terms of timeline and how BTC prices may or may not get to $80k, but perhaps you get the idea for the situation that is likely going to come and the decision that needs to be made. By the way, I will give you a hint, the decision and/or the resulting action is not necessarily an all or nothing decision in order for a no coiner to get the fuck off zero. Here's the scenario.

6) At some uncertain time in the future, we may well be able to see that the BTC price had gotten to $80k, so the BTC price has surpassed the previous ATH of $69k, and so in that situation, at $80k, our hypothetical no coiner (who just found out about bitcoin or figured out bitcoin is a good investment) is having to decide whether to get into BTC at that time or wait for a further dip.

Is it merely a personal decision that you are not able to answer in general whimpy and vague ways?

Quote from: Sayeds56 on Today at 12:48:52 AM

It completely depends on individual's financial situation, risk tolerance level and ability to continue holding it until the bull season demands patonce. This aspect might play a crucial role in success of investment.

Sure these factors exist and should be accounted for in terms of the decided action, but there is also the question of what is bitcoin as compared with other investment options... and should such hypothetical person get the fuck off zero or not. If so, what are the various approaches that could be taken (and sure the various approaches are going to have individual/personal components.

So it seems to me that if you really want to try to get anywhere in terms of grappling with the actual situation that is presented (the hypothetical) you have to weigh the various factors and get into details of grappling with the hypothetical rather than just proclaiming that "it's personal"