Quote from: Justbillywitt on Today at 06:34:25 AM

Quote from: JayJuanGee on Today at 05:45:46 AM

Make your choices about how to allocate, and good luck if you are in the waiting camp.. Waiting may work out for you, and it may not.

One funny thing about the waiting camp is that they will always end up regretting and they are always saying how I wished I opted in.

For sure, so many people get very caught up in the idea of feeling that they need to buy at the bottom or that if a correction comes then they are going to look silly, but when it comes to bitcoin, if you don't have any bitcoin at all, then you are not prepared for up, and also if you have an investment portfolio of $10k-12k, and you have a job that pays you around $1k per month, so you have one whole year's expenses/income in your investment portfolio, then you also have abilities to prepare for UP, but you choose not to... so it just seems strange that some of these folks might not at least get 1% into bitcoin, which in this case would ONLY be $100 to $120, and sometimes if they cannot muster the amount up right way, then just buy $40-60 right now, allocate the rest for buying on dips, and then start buying $10-$20 per week... and at least that is something.. and yeah it takes some time to get all of this set up and to get used to it, but if you have no bitcoin (or if you are way under-allocated in bitcoin), then you are not sufficiently/adequately prepared for up... even though you are supposedly prepared for down that may or may not end up happening.

Quote from: Justbillywitt on Today at 06:34:25 AM

Even while they are saying this they are still waiting without taking action immediately. For me provided the money for investment is available I don't see the reason to keep waiting for any dip, funny enough the current price now might just happen to be the dip of the week or possibly the month.

Yep.. it does seem obvious. .that maybe some amount has to be put in right away, and so if you have $1,200 that you have already authorized to buy BTC over the next 6 months (based on cash in hand and expected cashflow), then maybe you buy $400 to $600 right away and the rest is DCA and/or buying on dip, with also an emphasis in DCA because if you are a no coiner or underallocated to BTC, then you should at least be buying regularly in order to be better prepared for UP.

Quote from: ultrloa on Today at 12:55:14 PM

Quote from: JayJuanGee on Today at 05:45:46 AM

There are a lot of people in the world who don't have any bitcoin, and there are some people who have bitcoin who realize that they don't have enough. Furthermore, there is a class of institutional investor and even retirement fund holder who is going to want to get some exposure to bitcoin, once they realize that it is being offered in their retirement fund..

They don't have bitcoin because its their choice for not having any since maybe they are lacking with knowledge and understanding that's why they didn't came to the point to know more deeper in this industry since if they provably know how big the potential of bitcoin for sure those people will be more eager to know certain information about bitcoin. But sadly we can't blame them since bitcoin yet is not widely introduce by their local media outlets that's why it slip on their knowledge and focus on things that they are familiar on.

For some people got interest about it especially those retirees trying to participate and risk their retirement funds I think they see the potential to earn there.

Your use of the term "risk" is strange in this context... as if the way that people invest with retirment funds needs to fall into a different category.

Sure, retirement funds might have some special treatments by law, but it does not necessarily mean that they are "risking them" more because bitcoin becomes an option.

Another thing is you seem to be presenting bitcoin as if it were a shitcoin, which it is not.

Sure it is risky

sure it is volatile

but it is probably less risky than it is volatile, and the volatility tends to be towards the upside, especially if we look 4-10 years or longer, which perhaps a retirement fund might also have such an investment timeline, whether you are considering your own bitcoin as a retirement fund or if you are investing into a special category of funds that are treated differently as retirement.. because they cannot be withdrawn without penalty and because they receive special tax treatment, perhaps some forms of deferred taxation.

Quote from: ultrloa on Today at 12:55:14 PM

And can't blame those people because they just see the opportunity to earn while they are home and they are maximizing their time for knowing it but hopefully they found those right people to teach them so that they will not put in bad position and instead of earning they will be turn as scam victim.

People have to protect themselves and learn how to sort good information from bad information in critical thinking kinds of ways, and it can take a quite a bit of time (and practice) to learn how to employ good critical thinking skills... and then also to be able to act in the right way after having had developed good critical thinking skills... so then thinking is coupled with various forms of action.

Quote from: ultrloa on Today at 12:55:14 PM

Quote from: JayJuanGee on Today at 05:45:46 AM

Those of us who have already been buying bitcoin are advantaged by already being in bitcoin, even if some of us might feel that we don't really have any (or enough) money to buy more bitcoin.. except as our cashflow comes in, whether weekly monthly or some other period.

Yes we are at great advantage especially those people caught up bitcoin while the price of it is so cheap way back early 2015 onwards for sure there's changes on their life especially if they go this far. That's why we are the living proof that bitcoin can change life and we just need to have guts also funding's to use for accumulation for certain period of time.

Happy that you have passed over 8 years of being registered in the forum, and hopefully, you did not get too distracted over the years because even for you, a mere $50 per week into bitcoin since late 2015 would have resulted in around $20k invested, with about 8.6 BTC, and surely even if you took a more modest approach (or if you screwed up here and there along the way), something around that would be a decent place to be.