Quote from: adultcrypto on Today at 12:21:10 PM

Quote from: Agbe on October 26, 2023, 11:29:25 PM

Quote from: JayJuanGee on October 26, 2023, 10:11:41 PM

Quote from: imthegreat on October 26, 2023, 09:25:24 PM

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You sound lost.

We are not talking about selling or trading in this thread.

lolz! the nigga forget to read the Op and was only interested to jump in to the middle and deposit (say) what he thought is in the discussion in the thread. @imthegreat, I know you are a newbie but even at that next time read the Op to understand the content and also read some comments on the first page in the thread then you come to the last page to see if the Op, first page comments and the last page comments are in the line then you will know where to start from. As it is you are a merit hunter that don't know what to say, and where to comment. I believed ordinary understanding the topic, he would have made a good comment because the topic is self explanatory. Let me go to the main track. This days the price is appreciating and those who bought in the time of $25k will have one tooth open and smile, though we are still in the dip so if anyone is interested to buy and hodle, he or she should do now before the next bull. The best time is still now.

That is the problem of jumping on a discussion without even looking at the caption. We shouldn't be discussing selling at all but how to build our portfolios in this time of lower prices and hold for long.

Following the discussion in this topic have actually shown that many people entered into Bitcoin with wrong mindset and poor expectations. Some entered because they heard one can make so much profit within a short time, so they expect the profits like now, the reason they panic when the profit is not coming as expected.

Assuming we can tell people that Bitcoin is a long term investment before they even got started, maybe some of these agitations would seize to exist as people will join Bitcoin with the proper mindset.

There is nothing wrong with attempting to educate folks regarding the better kinds of ways to look at bitcoin, in terms of bitcoin being better as a long term investment, but surely people are going to do what they want and even likely call you a dummy for trying to tell them what to do and/or how to think about bitcoin related matters.

Some people likely learn more quickly than others, but many times they have to figure out several of these balances for themselves, including the seeming short-sightedness in terms of fucking around with an asset class, like bitcoin that already has such a great asymmetric bet component, so why are they going to be choosing to trade and/or play around with such an asset.. probably because they think they know better or because they do not really understand very well what bitcoin is (or they don't believe what they had heard about bitcoin), and in either way, some people might learn quickly.. like within a few months or less than half a year, and other people might take several years to learn, and surely there are also going to be some who never learn, and it does not even mean that we are going to be able to convince them otherwise, and so in that regard, some of their learning may well have to come from within them and through their experiences rather than hearing it from someone else about whom they might have their own skepticism regarding either the level of knowledge that some of us might have or that they might also consider that several of us are overly biased and we are talking our book.

I know quite a few people in the real world who seem to respect my opinion and frequently want to talk to me about bitcoin and various other financial matters to get my opinion, so it seems that they respect my opinion and my judgement in a variety of financial, economic assessment matters, but they still fail/refuse to take any stake in bitcoin... seems ridiculous to me that I continue to talk to these people and they see bitcoin eating the lunch of various traditional investment strategies, but they still fail/refuse to even take a somewhat small position of something like 1% of their already existing investment portfolio.

I even know someone who somewhat followed my suggestion to buy bitcoin regularly, and even though i suggested $100 per week, this person invested $50 per week for a bit more than 2 years (since about the middle of 2021), and so recently, the person cashed out a bunch of it because it was 5% or 10% in profits.. just so ridiculous. when I had made it abundantly clear that the person should be thinking 4-10 years or more... and they clearly could have afforded $100 per week, but they chose $50 per week, which should have made it even easier to ignore their investment into bitcoin for 4-10 years, but instead this person had to go and fuck everything up... and this person says that s/he is continuing to invest in bitcoin and will do better this time and is just kind of "building back" which also hardly makes any sense to me... even though it is better to be starting now rather than not starting at all, but it would have even have had been better to have had been starting out at $100 per week in mid 2021.. as I had suggested and just stuck with it.. right now where would we be with that?

It looks like $100 per week from June 1, 2021, would have resulted in $12,600 invested and about 0.4658 BTC at this point. Surely not a bad place to be, even if the profits are not stupendous, it still seems to be a very solid foundation for the amount invested to date, and maybe after another 5 years or so, the holdings might even have gotten above 1 BTC, even with $100 per week as an investment amount.

Sure I know some members are not able to go as high as $100 per week, and if the best you can do is $10 per week, then $10 per week is better than nothing and it could be possible that you might be able to work your way up to $100 per week or even to be able to do something in between, while at the same time, it is important NOT to do more than you are able to do merely based on what someone else is doing. Part of the reason I had suggested my friend to be able to fairly easily do $100 per week is because s/he has plenty of resources, a house, and a good job in the west and goes on several vacations trips every year..even cutting out one of the trips would likely get close to funding the whole bitcoin investment for the year (which would be $5,200 for a year).