I fixed your quotes.. since you were ambiguous in terms of who you were quoting.. you quoted me and then you quoted rojan..
We should not have to fix your quotes in order to clarify what you should have had clarified...
Even though I like to use timeframes of 4-10 years or longer, the fact of the matter is that bitcoin remains something like a lifetime investment in which you likely would not and should not be getting in and out of it, so starting out with 4 years as a minimum timeline is to attempt to get newbies to stop thinking about either getting in and out or trying to play the waves within the cycles. Surely if you have a timeline that is less than 4 years, you still could invest into bitcoin, buy you may well need to consider smaller amounts rather than larger amounts... so maybe if you would have invested 10% of your income into bitcoin if you had a 4-10 year or longer timeline, then maybe if you had less than a 4 year timeline, then you may well end up considering 5% or less.
Another thing is that in late 2013, when I first got into bitcoin, i was thinking in terms of my minimum investment timeline into bitcoin to be 1-2 years, and I would study it along the way, but I think that bitcoin's investment thesis is much stronger these days than it was in late 2013 - which seems part of the justification that newbies should be able to come to bitcoin with a minimum investment timeline of 4-10 years or longer.
Another point about how much to invest into bitcoin, prior to March 2020, I had been suggesting that newbies come in with 1% to 10% and just get off zero was a kind of focus, but after March 2020, it seems to have had become justifiable to upgrade that initial consideration, and since then I have been recommending considering 1% to 25% for newbies, and it is not really that any of us should consider that we need to take more risk in terms of investing into bitcoin since bitcoin already can be justified in terms of a strong asymmetric Upside bet, so there is no need to really invest a lot in order to potentially profit a lot, while at the same time, the downside risk has been buttressed too.. which also justifies the consideration of a range that is broader than 1-10% and becoming 1-25%, even for newbie investors to account for.
Surely there are no guarantees, and each person is responsible for his own investment choices.
beating it's recent prices. While some coin may dip and would take them years to bounce back while some may even end up not able to bounce bank from the dip. Those days my confidence in investment where pretty low due to the poor knowledge I have about it. Now bitcoin has help in boosting my confidence.😌 That why in bitcoin you don't only invest your funds in it you got to invest your time In it also.
Both of you are talking as if bitcoin is guaranteed.. and sure you may end up being right about bitcoin going up and being the best of investments, but still your way of talking seems both strange and dangerous.. even though surely people do get excited in those kind of ways about bitcoin..but still it seems misleading and maybe not evven healthy to be thinking or talking about bitcoin as if it were guaranteed.
That is a bit of an exaggeration. Yes, we are in a correction that has nearly gotten to 20% from the top, but so what? There is no way to determine if it is going to continue or if it is going to reverse.
Sure the market might not correct this week, but i would not bet on it. Hopefully you are prepared for either direction... just in case.
That is called consolidation, and sure maybe you might "feel" that, but what is the basis your feelings merely beyond just feeling it?
We should not have to fix your quotes in order to clarify what you should have had clarified...
You have to figure out your own hold time, and I frequently recommend that anyone getting into bitcoin plan to hold any BTC that he buys 4-10 years or more from the time of purchase, so if you continue to DCA into BTC for 4 years, you will start to have some bitcoin that you bought earlier that would have had already met your 4 year minimum timeline, and any new bitcoin that you buy, even after 4 years investing would have a 4-10 year timeline for them to be justified in buying.. in terms of being considered as long term investments.
Of course you have flexibility and discretion and hopefully if you spend time accumulating bitcoin, then you also spend time learning along the way so that you are prepared when various next steps come in which you might transition from BTC accumulation and into some other potential stage of your BTC journey, whether that be maintenance or liquidation or some other way of thinking about your holdings.
That's actually a nice range or duration to hold, like those that started holding around the year 2020 during the last halving when bitcon price was 4 digit number, and now bitcoin price now 5 digit you can see the great changes in price, and more great changes is yet to come so as we continue with DCA strategies we could actually still gain massively (long-term investment).Of course you have flexibility and discretion and hopefully if you spend time accumulating bitcoin, then you also spend time learning along the way so that you are prepared when various next steps come in which you might transition from BTC accumulation and into some other potential stage of your BTC journey, whether that be maintenance or liquidation or some other way of thinking about your holdings.
Even though I like to use timeframes of 4-10 years or longer, the fact of the matter is that bitcoin remains something like a lifetime investment in which you likely would not and should not be getting in and out of it, so starting out with 4 years as a minimum timeline is to attempt to get newbies to stop thinking about either getting in and out or trying to play the waves within the cycles. Surely if you have a timeline that is less than 4 years, you still could invest into bitcoin, buy you may well need to consider smaller amounts rather than larger amounts... so maybe if you would have invested 10% of your income into bitcoin if you had a 4-10 year or longer timeline, then maybe if you had less than a 4 year timeline, then you may well end up considering 5% or less.
Another thing is that in late 2013, when I first got into bitcoin, i was thinking in terms of my minimum investment timeline into bitcoin to be 1-2 years, and I would study it along the way, but I think that bitcoin's investment thesis is much stronger these days than it was in late 2013 - which seems part of the justification that newbies should be able to come to bitcoin with a minimum investment timeline of 4-10 years or longer.
Another point about how much to invest into bitcoin, prior to March 2020, I had been suggesting that newbies come in with 1% to 10% and just get off zero was a kind of focus, but after March 2020, it seems to have had become justifiable to upgrade that initial consideration, and since then I have been recommending considering 1% to 25% for newbies, and it is not really that any of us should consider that we need to take more risk in terms of investing into bitcoin since bitcoin already can be justified in terms of a strong asymmetric Upside bet, so there is no need to really invest a lot in order to potentially profit a lot, while at the same time, the downside risk has been buttressed too.. which also justifies the consideration of a range that is broader than 1-10% and becoming 1-25%, even for newbie investors to account for.
Surely there are no guarantees, and each person is responsible for his own investment choices.
Bitcoin is the most popular among the cryptocurrency market. Bitcoin is now known by people all over the world. Bitcoin is slowly gaining ground among people all over the world. We will be wrong to compare it with other coin trading. Because I know, investing in Bitcoin is completely safe. But to invest in Bitcoin you have to wait a long time to get profit after investing. So far I have never faced any loss by investing in Bitcoin and hope not in the future. To me Bitcoin is very popular and I believe in Bitcoin that's why I invest in Bitcoin most of the time.
Exactly that what am talking about investing in bitcoin is stress free compare to others coin, bitcoin is truly a beauty bitcoin could be on its lowest but just in a short period of time boom!!! Is already at the top beating it's recent prices. While some coin may dip and would take them years to bounce back while some may even end up not able to bounce bank from the dip. Those days my confidence in investment where pretty low due to the poor knowledge I have about it. Now bitcoin has help in boosting my confidence.😌 That why in bitcoin you don't only invest your funds in it you got to invest your time In it also.Both of you are talking as if bitcoin is guaranteed.. and sure you may end up being right about bitcoin going up and being the best of investments, but still your way of talking seems both strange and dangerous.. even though surely people do get excited in those kind of ways about bitcoin..but still it seems misleading and maybe not evven healthy to be thinking or talking about bitcoin as if it were guaranteed.
The market is now at $41000 but there are many investors who are waiting for the market to come below $40K. If investors pledge to come below 40k then they might miss out on investing now. The market broke out of the barrier of $41K and went down, but the market did not last long, and soon the market went back above $41K. There isn't much difference between $40K and $41K when it comes to long-term investing. If a person invests one bitcoin the dollar difference will be one thousand dollars but most investors will not invest one btc at the same time. If under $40k is a good time to invest then I would say $41k is not a bad time to invest either. Investors invested $30K $40K and a maximum of $48K.
Investors have invested step by step but no one has done wrong by investing. Those who bought bitcoins during relatively high prices will probably sell bitcoins at relatively high prices, there will be demand to sell as much as to buy. Those who are waiting for the investment of forty thousand dollars can invest according to the current market if they want. I hope that your investment opportunity will not be missed.
The market is now fully in correction mode, if it should not be said but there is a phase of the market where the market will stabilize but should not be called stable yet. Investors have invested step by step but no one has done wrong by investing. Those who bought bitcoins during relatively high prices will probably sell bitcoins at relatively high prices, there will be demand to sell as much as to buy. Those who are waiting for the investment of forty thousand dollars can invest according to the current market if they want. I hope that your investment opportunity will not be missed.
That is a bit of an exaggeration. Yes, we are in a correction that has nearly gotten to 20% from the top, but so what? There is no way to determine if it is going to continue or if it is going to reverse.
Now if you want to see the market going up then it's very wrong. then the market will correct the whole price and then go to initiative, then when the market should go there will be no chance of going down, but I agree with you that it's close to $40k thousand an important point and time investment, this opportunity they will miss or they may never get this opportunity.
Sure the market might not correct this week, but i would not bet on it. Hopefully you are prepared for either direction... just in case.
What I feel is that the market is not likely to move very high in the next one to two weeks and neither is it likely to move very low.
That is called consolidation, and sure maybe you might "feel" that, but what is the basis your feelings merely beyond just feeling it?