Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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So at the end of the day it's all on the approach and the amount invested In, but a newbie can still get there in two years if he uses his first year to relatively build momentum by building his emergency funds and reserves as he does his DCA. So that the next year he could do a major front loading for his investment, just like a pump.
I am not going to tell you what to do because I don't really know your situation well enough, and of course, you have to come to your own assessment regarding the possible price range of BTC in 2024 versus 2025 versus 2026 and in terms of your own situation. Front loading in 2025 does not seem like a good idea, and it challenges the idea of why someone frontloads and when he does it. And, yeah, you may nor may not be in a position to front load if you don't really have much for either reserves and/or for an emergency fund.
Each of us does what he can, and I know that there were times in my life that even if I had figured out bitcoin, I might not have had hardly any money to invest, and my mindset was not even in the right place... so sometimes it can be difficult to figure out various ways to both be creative but while at the same time not taking too many risks, and when I was in college, I used to invest some of my student loans, but I did it in a way that was very conservative because I felt that I had to make sure that I did not lose money while I was also sometimes maybe even planning for various times that I would have had needed cash.. so I am not sure what I would have had done if I had known bitcoin at that time, maybe I would have taken a pretty conservative approach to it.. but I cannot really say since those were way different times..
I am talking about in the 90s.. .. but we don't alway know what we don't know, and we get ourselves into investing into certain kinds of things that we feel that we know and we are comfortable with them at the time, so it could have had been possible that if my college years would have been in the 2013 time frame, maybe I would have learned about bitcoin, or maybe if my college years were happening right now, maybe I would be thinking much differently right now as compared to then, and part of my point is that I did not have a lot of money to invest when I was in college but I was able to get loans, but the loans were for quite a bit less than what seems to be going on these days.