Quote from: Faisal2202 on March 06, 2024, 02:53:10 PM

Quote from: JayJuanGee on March 05, 2024, 10:31:04 PM

I see that you have been registered on the forum for more than 3 years Faisal2202, which may well mean that you have enough BTC.

You noticed well, but I am a bit greedy in terms of BTC, even if I had 1 BTC I would say I don't have enough BTC, but now I will say yeh, I saved some btc by doing DCA. Thanks to signature campaigns.

Quote from: JayJuanGee on March 05, 2024, 10:31:04 PM

But if you don't have enough coins, then what? You have to buy at some point. When are you going to buy? Did you buy today? If not, then when are you going to buy.

I got your point, some people have to enter market at some time, there could be many possibilities or reasons of why one person invested back in time and why stopped back in time, and why investing or stopping now. I was simply trying to cover a few possibilities. In conclusion, I tried to say, If one really wants to take entry into the market, he/she should judge the market first and get some knowledge first to do that. After that, they can easily know which time is best for them to take entry. They might not get the best time to enter market but can get at least some of the benefit by judging it right. As OGz used to say no one can time the market fully.

I am not sure if you got my point, and I doubt that there is any necessity to study bitcoin prior to getting the fuck started.

One of the main problems that normie newbies have in regards to bitcoin is to get the fuck started. The main thing that you have to figure out is if the $10 that you have in your wallet is needed for expenses or is it something that you would consider discretionary/disposable income, and if you have discretionary/disposable income then you can get started sooner rather than later.

Another part of the point is that if you have already assessed that you are either a nocoiner (which is not your case @Faisal2202) or a low coiner then you have to just keep on investing regularly, persistently and consistently. Once you get enough and/or more than enough, then you can slow down.

In other words, the mere fact that we just touched on ATHs in the last 48 hours, that still does not mean that the price will ever be lower than it is today... so if you have assessed that you don't have enough bitcpoin, then you keep buying until you have enough... you don't wait. Waiting is not an accumulation strategy.

Don't get me wrong. If you are already buying BTC ongoingly, persistently and consistently, I don't have any problem with the idea of holding back some value for buying on dips.. but the main thing if you don't have enough BTC is to continue to buy, even if you might end up having a higher cost per BTC, what will be more important after 4-10 years or longer is that you look at your BTC wallet and you see that you have 1.56294315 bitcoin rather than 0.00812536 BTC. even if you had to spent $40k for the larger stash rather than spending $200 for the smaller BTC stash.

You are going to have way more options with more bitcoin, so long as you do not over do it and cause yourself to get recked. You do not overdo it by buying BTC regularly, persistently and consistently, as long as you figure out your discretionary income and you are not spending from money that you need, which you should be able to figure out those kinds of relatively basis personal financial management matters.

Quote from: Faisal2202 on March 06, 2024, 02:53:10 PM

Quote from: JayJuanGee on March 05, 2024, 10:31:04 PM

We should not be presuming anyone else to be a fool in regards to their situation merely based on when they bought (including if they might have had been buying BTC in the last week) and/or if they are just getting started in BTC. We need more information before we would reasonably be able to know if they might have been approaching their bitcoin accumulation in a foolish way..

You are right, we should not call someone fool, we don't know the situation that person is in. I can't agree more with you and I was not trying to be rude by calling people fool or partial fool, I was just trying to shed some light on the OPs opinion who is calling them complete fool. I guess I add more rudeness to it by saying partial idiot.

Fair enough.

There are some folks who might aggressively invest in bitcoin including buying more when the prices are going up and buying less when the prices are going down, so they are making a lot of mistakes along the way, but if they continue to buy and hold and don't over spend their budgets and they don't employ leverage or sell any of their bitcoin, then by definition when the next ATH comes they are going to be in profits no matter when they bought their coins. So they might have some periods that they are looking foolish, but who is going to care 20 years down the road when they spent their first 10 years buying like crazy and at any price, then when it comes time to start spending them, they are likely going to have way more options than the person who was failing/refusing to act.

Quote from: Nechiequ on March 06, 2024, 02:54:47 PM

Quote from: owenle on March 04, 2024, 01:39:58 PM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

I admit that buying BTC at the peak of the highest price is not an ideal decision, but I don't think that means one is stupid.

Without context, it does not hardly mean anything merely becuase someone starts to buy BTC right now, even if they might have had opportunities to buy in the past, and I am not even we can assume that from OP's lack of framing.

Quote from: Nechiequ on March 06, 2024, 02:54:47 PM

I understand that the price of bitcoin is highly volatile which means its value can quickly and unpredictably spike or plummet at any time. Yes, even so I see that if one believes in the long-term potential of bitcoin, I think there is still a great possibility of making profits in the future. Especially if someone masters the basic techniques and goes deep, it will really help him and if there are losses to be had, it will probably be very minimal.
So in conclusion, in my opinion from some of the information I get if we want to get maximum results it depends on our own analysis (knowledge) and not only for BTC purchases, I think this can also be applied in other businesses.

Why the fuck should any normie newbie even be striving to "maximize" results? That is retarded. Yeah people think like that, but it is still dumb.

The main thing to do is to get started and to buy for a while, and there is no way that any of us are going to be able to "maximize our results," even if that were our goal. We all make mistakes and BTC price moves both to the upside and the downside are outside of our control, so almost no matter what we do, we are not even going to get close to "maximizing results," and that does not even sound like a reasonable and/or smart perspective when it comes to investing into something like bitcoin.

Quote from: Nechiequ on March 06, 2024, 02:54:47 PM

Translated with DeepL: https://www.deepl.com/app/?utm_source=android&utm_medium=app&utm_campaign=share-translation

Deepl is retarded. Cheesy

Quote from: MFahad on March 06, 2024, 05:18:32 PM

Quote from: krishnaverma on March 06, 2024, 12:16:24 PM

I think that growth in bitcoin prices will be faster in next 10 years in comparison to first 10 years of bitcoin.

I don't agree with this because, in the last decade, Bitcoin's price has managed to touch new heights and went up multiple folds because it wasn't priced very high in the initial days and years, but now, the price has already become very high and for it to gain multiple folds from here or after this bull run, the price will need to touch millions and that doesn't sound realistic to think about.

People always think that they missed the boat when it comes to bitcoin, but bitcoin is likely going to continue to go up, and yes it is likely to go up to $millions, but is it not guaranteed and we don't know how long it will take to get to $ millions.

On the other hand, you don't need to make millions in order to profit stupendously off of bitcoin, even if it has modest returns, and if you are worried about how much it might return, then invest whimpily into it, rather than aggressively, and you likely will still end up doing well, except you may well be regretting that you had not invested more aggressively.

Part of the definition of an asymmetric bet to the UPside (which bitcoin seems to be) is that the most that you can lose is 100% of what you invest, as long as you don't employ leverage or engage in other unnecessary risk taking plays.

Quote from: MFahad on March 06, 2024, 05:18:32 PM

You are right though that one shouldn't be considered a fool for investing even at current prices if they are investing for the long term because we all know and Bitcoin has proved it multiple times that investors that hold their assets for long-term tend to become profitable eventually.

At least you got this part right.

Quote from: southerngentuk on March 06, 2024, 06:06:38 PM

Therefore, a strategic approach to investing in Bitcoin or any other cryptocurrency is paramount. This involves thorough research, understanding of the underlying technology and market dynamics, and a risk tolerance assessment. Employing a dollar-cost averaging strategy can help mitigate the risks associated with market fluctuations by spreading investments over time.

We are talking about bitcoin here and not shitcoins. Furthermore DCA and long term investing works with bitcoin, and not necessarily with shitcoins, so yeah, you may well have to study shitcoins prior to investing in them and also figure out your in and your out strategy. So even teh idea of buying shitcoins is different from investing into bitcoin for 4-10 years or longer. With shitcoins, you may well be quite nervous to get involved in any of them more than just on the swing, which is more like gambling rather than investing..