Quote from: Agbamoni on Today at 06:29:30 AM

Quote from: Roseline492 on August 26, 2023, 10:45:15 PM

Quote from: Furious 7 on August 26, 2023, 08:04:15 PM

That's the point buddy Cheesy

Why do we think of selling when we are already aware of the investment options. It's not just about buying and selling quickly especially when making investment and DCA commitments then it is definitely a long-term goal so regardless of the temporary gains that occur I think holding on to our goals is most important.

what I'm trying to say is that we have two types of investors one is short time investors and long time investors, the short time investors doesn't care about holding all he cares about is to make his profits through buying low and sell high because they are always afraid of market reversal going against them because there heart cannot withstand the pressure seeing there trade moving opposite direction so they prefer entring and exiting with any profit they made

Where are you headed mate? your speaking bout those who buys the dip and wants to be millionaires in a week and are obviously disappointed. But only few understands the future of potential hold.

The only part that worries me is running out of funds to buy more. Like seriously, I've seen this said so many times but honestly, the feeling of not having money while seeing the crypto market for down hard is brutal. You wanna buy more to invest in the long run but you don't have any funds to use for spending. Really sucks.

I am not worried but not having fun either, buying the dip then buying some more has been my modus operandi so far

For sure, when you are in BTC accumulation phase which could last right around 1 year (that is if you already have money that you are just reallocating from other sources which is a kind of variation of what happened with me) or maybe it takes 10 to 20 years to get through the BTC accumulation phase, even though surely those guys who had been accumulating $100 worth of BTC per week for the past 10 years, may well be starting to feel that they are getting up to a BTC amount that comforts them (since they would have had invested around $52k, and they would have around 54 BTC), and sure many of those BTC would have ended up accumulating more on the front end, and current purchases of $100 per week might not seem to be adding up to very much in terms of adding to the BTC portfolio.. and also $100 today does not feel like $100 in 2013, since it probably has reduced way more in purchasing power, maybe ONLY 1/4 of the purchasing power if that.. especially in the past few years.

I guess I am largely in agreement that it is likely going to feel like the first several years of BTC accumulation is going to have more sacrifices and needs for a tighter budget, but if you stay consistent then maybe you end up building up your reserves so that you don't ever feel that you are going to run out of money or that it is not that stressful even if you are not able to buy more BTC on dips because you had run out of money.. because also the longer that you are into BTC accumulation, the more you likely are going to start to feel that you have accumulated enough, even if you have not quit yet gotten to the place that you consider to be your "sweet spot."...

Even from right around May 2022 and through close to the end of 2022, I personally was feeling like I was running out of money to buy more BTC, even though surely I have enough BTC, but if the BTC price keeps dipping way beyond expectations, there may well be points in that journey in which you may well be taking from other resources to plug into your buy on dips BTC funds.

Quote from: Samlucky O on Today at 10:31:49 AM

Quote from: JayJuanGee on August 26, 2023, 05:34:07 AM

[edited out]I think that I have told a variation of the story that when I first left home and I was 17/18 years old, and I had a pretty limited cashflow, but I learned right from the start to always attempt to put away at least 10%, and I was not always very good in terms of where I put the 10% (or the amount as it added up) but over the years, it did continue to build and build and build, even though I made several mistakes along the way, and there were times when my income increased quite a bit, so I was already used to living on a tight budget, and so when my income went up, I was frequently putting aside much higher levels, like 25% to 40%.. but I had many many years of ONLY doing 10% and it still added up... just did not have any bitcoin like investments.. .and maybe I was too dumb to identify the bitcoin-like investments and I tried to stick with safer investments, and maybe I would not have had been ready for bitcoin until after more than 20 years of already investing and having had built up my investments based on mediocre performance.

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That's pretty cool. Where you find yourself today is as a result of the choice you made by keeping %10 of your savings which gradually catapulted to %20-40 . There is a saying that don't dispise your little begining. "Rome was not built a day" what ever mistake you think you've made is never a mistake.

The various mistakes are still mistakes because sometimes there may end up being losses of somewhere between 10% and 40% of whatever is then the holdings, and sometimes when a person loses that much due to some mistakes, there can be feelings of wanting to give up or feelings of futility or feelings something being wrong with the overall strategies. There is also no guarantees that recoveries will be made from the mistakes, even if there might be considerable attempts to learn from the mistakes and to fix the approach/strategies in order that the mistakes might either be avoided or perhaps to become less impactful if they end up happening again.

Actually there are sometimes that the same or even similar mistakes are made several times, and then it might take a bit of time to realize that you are largely making some variation of the same mistake that you had made before.

Quote from: Samlucky O on Today at 10:31:49 AM

to me it was a self decisive measure to train yourself against the future.

Sure. Some people do seem to take longer to learn from mistakes, and sometimes I speak with people who are similar ages to me, and I find out that they are just beginning to make mistakes that i was making 10-20 years ago.. kind of like "rookie mistakes," and sometimes each of us has to make some variation of the mistakes ourselves in order to figure out some way to train ourselves not to be going down the path that is likely going to end up in a mistake (loss) that is greater than what we are wanting to bear.

Quote from: Samlucky O on Today at 10:31:49 AM

There is a book title the richest man in babilon. it says "any money you save is a slave..." so therefore there is power in savings. There are many people in this forum but I see you as a role model. I've gone through your posts and have learnt a lot from it I believe with you I will know more.

It is good if you are able to get some things out of my posts and figure out ways to apply them to your own situation, and at the same time, for sure each of us has to find our own path and also to attempt to tailor our approach in such a way that we are making sure that it works sufficiently well for wherever we might be in life .. accounting for each of our own individual financial and psychological factors, which I had recently numbered them in this earlier post in this thread.

Quote from: Wind_FURY on Today at 01:56:30 PM

Does the hashing power follow the price? Or does the price follow the hashing power?
Cool

My conclusion, BOTH, because miners are speculators too. In the current situation, the miners probably know "something".

Even though there is a symbiotic effect between the two, and sometimes the miners are following future price that they are speculating on, as you mentioned, hashpower is still following price, not the other way around.