Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
of presentation matters.
Like you had said, "such a person is doing pretty good", to have been DCAing for that number of years without fail. If I was in that position I won't get worked up buy relax and be doing maintainance on my Investment waiting for the ATH.
There can be a lot of variation in the situation of others, and even someone who had been aggressively investing in bitcoin for the past 4-6 years might not feel like s/he has enough BTC, especially if such person might have been in college (or high school) during some of those years and might not have had a high income, and even if someone who were to leave college (or high school) and start to earn a decent income, it still could take more than 4 years just to invest a whole year's salary.. that is even with 25% per year of the salary put aside it could take 4 years to get to a full year's salary saved/invested, but surely such a person who had been investing aggressively in bitcoin for that 4-6 years would still be much better off than the otherwise similarly situated person who either had not been investing into BTC as long and/or had not been being somewhat aggressive about it.
However, the number of adoption all over the globe is not that bad only that the number is not as much as many bitcoiners are exaggerating it. And it's pretty much to note that a greater percentage of entire bitcoiners are people with not much soaring income flow that could have 25% of their income invested in bitcoin even if they chose to go aggressive about it.
DCA strategy be damned, now is the time to fill your bags. Anyone left straggling
behind after the ETF approval news comes out has only themselves to blame.
What if someone had been DCAing to the max for the past 4-6 years, and such person might not really have any extra cash to throw towards bitcoin, and probably such person is already doing pretty good, even if some of their coins were bought in 2021 and early 2022 at higher prices than current prices.behind after the ETF approval news comes out has only themselves to blame.
There can be a lot of variation in the situation of others, and even someone who had been aggressively investing in bitcoin for the past 4-6 years might not feel like s/he has enough BTC, especially if such person might have been in college (or high school) during some of those years and might not have had a high income, and even if someone who were to leave college (or high school) and start to earn a decent income, it still could take more than 4 years just to invest a whole year's salary.. that is even with 25% per year of the salary put aside it could take 4 years to get to a full year's salary saved/invested, but surely such a person who had been investing aggressively in bitcoin for that 4-6 years would still be much better off than the otherwise similarly situated person who either had not been investing into BTC as long and/or had not been being somewhat aggressive about it.
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I agree with you about the variations that exist. Nevertheless, there are antecedents to consider while proposing an aggressive Investment up to a 25% of ones income into bitcoin.
Some with a lofty income but occupied with other responsibilities entangled on him that demands money it is unlikely that he will be capable to make such percentage even after 4 or 6 years invested in bitcoin, and for a college student it is a worse case scenario to assume that they can invest what should be said to be enough BTC as a student.
There are a lot of those kinds of fence sitting people, and most of them are no coiners rather than low coiners, and part of the reason that BTC likely ONLY has around 1% world adoption at best is that an overwhelming majority of the world are not acting to get started in bitcoin for potentially a variety of reasons even if they might know about it or they might have varying level of knowledge of it that might be misinformed and guided by misinformation/disinformation.
I tend to get bothered by those assertions proclaiming either that a vast majority of the world knows what bitcoin is, which surely is not very likely to be true because if the vast majority of the world were to know what bitcoin is, then we would have way higher levels of adoption and way higher BTC prices, and so in some sense, that is o.k. for those of us who might still be accumulating BTC and getting some value from being able to stack sats at prices that are relatively lower than what they should be and what they likely are going to be as more and more of the world's population both becomes enlightened about bitcoin and starts to act to stack some sats and maybe even trying to get 1% at minimum of their investment portfolio in bitcoin and surely the more aggressive ones will shoot for investing up to 25% of their income into bitcoin, which surely can be difficult to achieve without also having good cashflow (and expenses) management systems in place.
Majority take it that it is whatever the government is backing that it is genuine thing to be part of without fears, and so for their government not giving bitcoin that support that they had been on the watch for they get skeptical about it. The restrictions and ban policies faced by bitcoin from different countries of the world is part of what is affecting the (increased global) adoption of bitcoin. For those who have heard/knew about it are skeptical to take part and for some others they have no clue of it and are not interested to get enlightened about it because their government doesn't approve of it in their country. Some with a lofty income but occupied with other responsibilities entangled on him that demands money it is unlikely that he will be capable to make such percentage even after 4 or 6 years invested in bitcoin, and for a college student it is a worse case scenario to assume that they can invest what should be said to be enough BTC as a student.
Or? maybe you are referring to the fence sitter who failed/refused to buy BTC in the last year and a half or so while prices were mostly lower than the current price and perhaps the last year and a half had prices lower than where we might be going. Perhaps? perhaps?
This group of persons are the ones that are to have themselves to be blamed when the ETF had finally been approved and bitcoin price surge as a result. For this group there's nothing in the chart for them and just like those that had regrets back in 2021 when the last ATH took place the regrets of those now will be double with the eventual approval of the ETF by or before 2024.There are a lot of those kinds of fence sitting people, and most of them are no coiners rather than low coiners, and part of the reason that BTC likely ONLY has around 1% world adoption at best is that an overwhelming majority of the world are not acting to get started in bitcoin for potentially a variety of reasons even if they might know about it or they might have varying level of knowledge of it that might be misinformed and guided by misinformation/disinformation.
I tend to get bothered by those assertions proclaiming either that a vast majority of the world knows what bitcoin is, which surely is not very likely to be true because if the vast majority of the world were to know what bitcoin is, then we would have way higher levels of adoption and way higher BTC prices, and so in some sense, that is o.k. for those of us who might still be accumulating BTC and getting some value from being able to stack sats at prices that are relatively lower than what they should be and what they likely are going to be as more and more of the world's population both becomes enlightened about bitcoin and starts to act to stack some sats and maybe even trying to get 1% at minimum of their investment portfolio in bitcoin and surely the more aggressive ones will shoot for investing up to 25% of their income into bitcoin, which surely can be difficult to achieve without also having good cashflow (and expenses) management systems in place.
However, the number of adoption all over the globe is not that bad only that the number is not as much as many bitcoiners are exaggerating it. And it's pretty much to note that a greater percentage of entire bitcoiners are people with not much soaring income flow that could have 25% of their income invested in bitcoin even if they chose to go aggressive about it.