Quote from: michellee on Today at 06:26:15 AM

Today, people who have not yet invested in Bitcoin are too late to realize its price increase. They may still invest in Bitcoin but must remain patient because Bitcoin still has a long way to go.

That is not true.

Sure there has been a more than 4x price appreciation in the last 15/16 months (from $15,479 in November to our $64k so far peak of today), but newbies and no coiners are not too late.

World-wide BTC adoption is still quite low, and even ETF participants have barely even entered into the market, even though the ones who have entered so far are likely contributing towards both front-loading and hoarding.. and that kind of behavior is likely to contribute to additional volatility.. potentially in both directions, even though right now there seems to be a lot of ongoing upwards pressures on the BTC price, partially attributed to increased demand from new entrants using BTC spot ETFs as a way to get BTC price exposure.

Throughout bitcoin's history people have felt too late, which should justify them into getting the fuck started as soon as possible and start accumulating BTC. Yeah, you can attempt to play the waves, and each of the newbie no coiners, low coiners and/or bitcoin wannabes have to figure out their accumulation method, whether it is lump sum front loading, DCA, buying on dips or some combination of those methods...

and even if some of us might feel all smug because we got in 1-2 years earlier than someone else of our economic equal, we have no way of assuring that we will stay ahead of them, because even if they are late and they are our economic equal, they still can figure out strategies to accumulate more smartly and more aggressively. Now once we have been in BTC for a whole cycle or more, then it will likely become more and more difficult for our prior economic equals from even coming close to catching up with us.

Since you have been registered on the forum for 7.5 years michellee (which is right at about 2 full cycles), if you had been sticking with bitcoin this whole time, then you would be in a quite good place right now, even if your own economic circumstances might have had not been great, and yeah we can trace back a DCA tool and see that even $10 per week would have caused nearly $4k invested and nearly 0.9BTC accumulation... so surely not a bad place to be right now.. .and of course, $100 per week would have cost 10x as much and gotten 10x the results, too.

Quote from: Wind_FURY on Today at 07:56:02 AM

JJG, a shower thought. Perhaps you were also right in your argument that learning the technical matters about Bitcoin shouldn't be made "all-important". Because we know that there are very intelligent people from legacy finance that may not understand how actually the Bitcoin network works, BUT know or have the intuition to truly understand the development and an evolution of a new asset class.
🙏
I discover something new again from our debates.

The interaction helps.

Sometimes we come up with just slight tweaks in our perspective that can cause a decent amount of difference - maybe in how we might speak with people in the real world... and sometimes those kinds of differences can cause us to speak differently, and surely in regards to bitcoin, there are a lot more people paying attention - and we have rich people (managing other people's money) who are marketing bitcoin for us, but that does not even mean that they understand bitcoin, so we still may well be needing to interact with people in terms of helping them to understand the value of self-custody - even if they might also have exposure to BTC through various ETF products... a newbies just learning how to use BlueWallet or a Trezor can take a decent amount of time to make sure that they do not screw it up.. so they may well get price exposure prior to engaging in self-custody... step by step by step, and bitcoin would not be powerful if there were no abilities to hold and transact in self-custodial kinds of ways.. yet it still can take a while for a lot of normies to get there. it took me a while.. and I still feel pretty technologically incompetent, even though I have a few techniques that I like and sometimes share... which is almost getting into another topic.

Quote from: Marvelockg on Today at 08:03:20 AM

Quote from: adpinbr on February 27, 2024, 02:18:25 PM

We want to invest in bitcoin we should only focus on the bullish market so therefore I believe that those people who invest during the time the price of bitcoin is low that the people that make profit when the price go up so I will advise every beginner to invest during the time the price of bitcoin is low so that they will not experience any loss, to accumulate bitcoin, you have to wait experience having before you purchase bitcoin, so that you will not be victim when the price go down

this is just the basic and fundamental knowledge every new investor needs to know before investing.

Those anticipating the market to become more bullish are those that have bought some Bitcoin already and a bullish market becomes an advantage to them but for new investors that are just about entering into the system, the aim is to buy at the DIP and so a bearish market become Thier best entry point but it's not as though you're going to be overly concerned about how bullish or bearish the market is as a factor that will determine the time to start buying. As long as you have a saving that you can comfortably invest into an asset, that's the best time to invest. Leaving your money in fiat has always been a disadvantage and a sort of liability to the holder so it's always best to push your reserve funds into buying an asset that will profit you in the long run.

I guess this is the self advice I gave myself after looking at how valueless our fiat has become and that even after saving a reasonable amount of fiat in the bank, it will ends up yielding very little interest which is too small to buy commodities at the current price because price of commodity normally goes up while the value of our fiat has always dropped and it will end up placing me at a serious loss. Investing my reserve funds in Bitcoin on the other hand for same period of time will yield a great increase in the long run while I can convert it to my fiat when ever I need to and because fiat in most cases always dropped it value, it gives me a win win situation.

I guess any new person like me that's finding it had to start buying the DIP can do his own analysis and find encouragement and the need to start accumulating bitcoin now.

You sound nervous, Marvelockg. You have to find an amount that you are comfortable with, and it coudl even take several years for you to really start to feel that you are in profits. 4-10 years or longer... but if you invest too much, then you are going to always be nervous about it.. so you have to find an amount that is not going to bother you, and surely later down the road, you might regret not investing more, but you still have to get to a stage in which you are able to continue to invest and to hold for a long time, even if there might be times in which your holdings are not in profits... but keep buying, whether that is $100 per week, $10 per week or some other amount that works for you to stay in the game.. and otherwise go about your life without overly worrying about your bitcoin. I know another thing about bitcoin is that if you start to invest then you likely will pay more attention and learn more, but if you don't invest too much, you can study bitcoin at your leisure.. and if somewhere later down the road, you learn more about bitcoin in order to feel more confident (or less confident) then you can adjust your investment style and amounts accordingly.

Quote from: retreat on Today at 08:35:31 AM

Quote from: Hewlet on Today at 05:33:02 AM

well, in this context of buying the DIP, Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough. Like boss JJG said earlier, the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.

Simply put, whatever point you buy at is fine, as long as you are able to hold your asset until you can make a profit from it.

No need to be very preoccupied with profits, and be willing to lose all of it.. so don't invest any more than you can afford to lose...

And, yeah, maybe 4-10 years or more you look at your investment and you reconsider it.. Is it in profits or not, and do you need to make any tweaks to how you had been investing. Did you just invest once or have you been continuously investing over the prior 4-10 years or more.

Quote from: retreat on Today at 08:35:31 AM

Because people often delay buying Bitcoin, seeing that the price is quite high, but the longer they wait, the more time they will waste. So it's better to decide quickly whether to buy or not. Or if in doubt, investors can buy in smaller portions using the DCA method, and it is safer than the lump sump.

That sounds right. Start small and study as you go.. and maybe you start kind of whimpy, but 2-3 years later, you reassess and determine that you want to take a more aggressive approach... but at least you had gotten started and you end up having some stake in the game.. rather than being a no coiner.

Quote from: michellee on Today at 09:14:29 AM

People who have accumulated a lot of Bitcoin over the last year are just waiting for the right time to sell their Bitcoin. They can still invest more to increase the number of Bitcoins. And after that, it's time to wait for the next ATH. That means a higher Bitcoin price increase than the previous ATH.

Some people do not start to think about selling their coins until they are 6-8 years or longer investing into bitcoin, and even then they might be a bit cautious about how many they start to sell.

Maybe you have been in bitcoin for nearly 2 cycles, but have you accumulated BTC during that time? Have you beat the returns that you would have had gotten from merely accumulating and holding rather than trying to fuck around with selling and buying back lower?

Quote from: bangjoe on Today at 12:09:27 PM

Hy @Jayjuangee, how are you? I haven't been on this thread long enough to talk about bitcoin buying strategies here, because it's very familiar.

Maybe you and I are the ones laughing today, seeing bitcoin approaching the last ATH. In the past we talked about bitcoin still being priced at 18 thousand dollars and twenty thousand dollars, and today it has almost reached $ 60k, it's an amazing journey, those out there might talk we can get hundreds of percent of bitcoin with the investment strategy we do in bitcoin, but they don't know that we are quite shivering how bitcoin fluctuationsl run in 2022-2023.

I am doing fine. Surely we went through some troubling times in 2022, and even 2023 was scary, even though it ended up as a pretty positive year, overall... especially for those who were mostly holding and/or accumulating coins.

Quote from: bangjoe on Today at 12:09:27 PM

How do you still keep buying at the current price now? considering also bitcoin today is in a different cycle, I hope you are still enough and to do DCA. Grin

Well, we cannot always talk about ONLY our own situation, and for me personally, I had done most of my BTC accumulation between late 2013, 2014, 2015 and 2016. Surely sometimes I still accumulated after that, but I largely switched to some other strategies, since I largely considered that I had accumulated enough by late 2014, but then by late 2015, I had considered that I had over-accumulated, which assessment was not really help by how much the BTC price started to rise through 2016 and 2017.

Part of my advantage, and perhaps disadvantage, is that I had already had more than 20 years investing in other assets when I started in bitcoin, so in a lot of senses, even though I employed a lot of DCA, I also employed a lot of attempts to front run my investment into BTC. I made mistakes too, and I still like to consider my average cost per BTC as around $1k per coin, so it becomes a bit easier to see if I might have had spent a decent amount of time between 2018 and 2020 with fluctuations of being between 3x and 10x up on the investment, and so we know that 2021 would have had a lot of 20x to 70x in profits, and so even though BTC price dropped back down to 16x profits for me, we are recently back into 40x to 64x profits, so no need to complain.. and whether there is a difference between 40x and 64x profits might not make a whole lot of sense, yet instead ways to consider how to manage the overall holdings and to not put too much of it at risk.

Many times guys coming newly into bitcoin are going to take a while to build their overall investment portfolio, so I think that many times, we are going to be talking about more typical situations for guys to accumulate BTC, and some of the guys are brand new to BTC, so they have to make decisions right now about what they are going to do.. and so most of the time (if not all of the time) the suggestion is going to get the fuck started. so they have to get started somehow, and then figure out their details as they go.. and if they don't have any other investments, it could take 10-20 years to really build their investment portfolio, and nothing wrong with starting with BTC and cash first.. and if they want to expand into other assets, later down the road, then they can consider that later, but getting started remains important... and putting ideas into practice can be tough in the first 1-2 years of investing.. figuring out the amount to invest and figuring out how to not get reckt.

By the way, once you get to a sufficiently large BTC stash, you may well start to think about either raking strategies and/or sustainable withdrawal theories... but you gotta get to a decently comfortably large BTC stash first... so I think in this thread we are working towards focusing on how to get to the decently large stash rather than what to do once you get there.

How about you, bangjoe? are you there yet? or getting close? Sometimes guys also have difficulties knowing when they are there or maybe how to manage being there...so those could be issues, too.

Quote from: Obim34 on Today at 04:20:02 PM

Quote from: JayJuanGee on Today at 12:08:51 AM

[edited out]

I believe strongly on this speculation and I think staying above the $100k price is/maybe guaranteed due to the latest adoption, as long people keep buying it's pretty much possible to stay up above the $100k, I knew for sure we were only facing market corrections. Bitcoin hitting the $61k price yet before the halving is a no big joke, certainly we can also assume reaching last ATH of $69k is possible if only the market continues this way, more people keep buying.

Whether it is getting above $100k in the coming months and then staying above it or maybe it takes a year or two before we are able to stay above it.. or the fact that we just touched upon $64k in the last 3 hours, when the price moves up really fast, like it just did, then that invites a certain level of correction, since buying support might not be able to keep up.

I am not saying that I know what is going to happen, but sometimes there is a certain amount of value in going up a bit more slowly and perhaps having some smaller level corrections.

Another thing, I consider that we are currently in noman's land, which is largely between $55k and $82k - however, it can be hard to completely pass through if we might have had gotten here too quickly - and on the other hand, it seems a bit dangerous to be trying to trade this zone in any kind of sense of selling and hoping to buy back lower. .which may or may not end up happening... but we see if the BTC price moves rapidly, then sometimes the buy and sell orders cannot get replaced fast enough, so the lack of buy and sell orders contributes to greater volatility in the price (extreme moves one way and then the other).

Quote from: Obim34 on Today at 04:20:02 PM

Quote from: Hewlet on Today at 05:33:02 AM

Quote from: Obim34 on February 27, 2024, 09:45:14 PM

People neglect this fact of time wasted can not be recovered and missing the chances of buying from the DIP, may only amount to purchasing in a much higher price.

well, in this context of buying the DIP, Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough. Like boss JJG said earlier, the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.

Some will still join the market during an higher bullish period of say maybe the next seven years and let's assume the price has gone as high as $90k+, looking at the price from a short term perspective might seem a bit discouraging to make an entry at that price but for someone joining the market at that time that can't reverse the hands of time back to the current $57k price of today, he is still good to go with that price as long as he is willing and able to hold for the long term and so that current price he meets it and he had the r source to start his Bitcoin accumulating journey is definitely the best time to start.

Yes, of a truth every entry price remains profitable as of DCAing or buying the DIP but everyone desires a much bigger profit and wasting more time either procrastinating will only amount to limiting one's profit.

Does it really matter very much if you might have a timeline that is 4-10 years or longer? Sure we all like to be in profits, but it does not necessarily mean that we are taking such profits, even though we know that we can, if we want to.