Quote from: I_Anime on Today at 02:33:06 PM

Quote from: JayJuanGee on Today at 02:15:06 PM

Quote from: Taskford on Today at 07:11:21 AM

Quote from: I_Anime on March 06, 2024, 06:15:24 PM

[edited out]

Sometimes people caught up on fantasy that they can earn once they trade and became pro but they forget to know that it need full time or full attention so if they can't put their presence on their trades then there's a high chance for them to lose. That's why its never recommended for the to do it and that means trading is not for everyone. That's why there's other option that can take by busy persons or regular dudes which it doesn't need heavy technical skills and the only thing they can do is to have some plans for future then accumulate then wait for many years for bitcoin to increase its price. Although there will be a lot of challenges but if they gain experience for doing it and financially prepared for sure they can be successful on their HODL plan. At early stage of their career trading is been introduce for sure these guys will realize that to hodl bitcoins is more better option rather than trading it regularly.

Well if the trend of bitcoin is generally up (which surely seems to be the case from history and there is no real evidence that it is going to stop), then if you are selling and waiting for down, you are just being greedy, and the down may or may not end up happening, but if the trend is generally up, then there are decent odds that the down won't happen, and you will end up selling too much too soon, so even if you had gotten lucky on several occasions, it may ONLY take one time of bad luck to wipe out all of the prior gains.

So people can do what they like, even dumb things and even screwing up a mostly HODLing and accumulating system that is bound to be considerably profitable.. but for some reason, part of the problem is the desire for even more profit than is already likely to happen through following a more straight forward strategy.

Surely during times like this many of us feel better if we had already bought and accumulated bitcoin, yet we might feel in a kind of dilemma if we don't have any BTC or we don't have many BTC, so in that regard, we end up being forced to buy if we want to benefit from the possibility (and probability) of more UP - even though psychologically it can be a bit difficult to establish a stake. At the same time, once one establishes some kind of stake in bitcoin, then they are at least more prepared for UP than they had been without a stake.. and they have better chances for being prepared for either direction if they already have some bitcoin, versus if they are just waiting for down that may or may not end up happening.

those that kept waiting for the down is their loss, I don't see any reason or motive why one keep waiting for the dip Before they would consider accumulating , to me is just off and risky because through such act one may endup missing out. (And you don't want to experience such feeling) , they still have time to start now without even going all in at once , that why we have. DCA method, which would really help them in building good portfolio in a long run (when buying at different price interval) . Anytime I have the thought of all the opportunity have missed back then due to ignorance I always felt bad, but still any time I still think about the great opportunity that is yet to come in the nearest future it always got me inspired that there's still time to be among those that got their lives change for the better by investing in bitcoin.

If someone does not believe in bitcoin, then they might not feel FOMO or even really realize how much they are missing out until several years later, and sometimes it will be necessary to really point out the difference between investing in bitcoin versus other kinds of investments that they could have made before it might start to sink in that bitcoin would have had been a better investment.

Also, sometimes it is not really clear either regarding whether bitcoin is better or not, and several of us who have been into bitcoin longer notice these kinds of longer term trends and even some of us might become a bit wowed by how well a consistent BTC accumulation strategy ended up paying off.. and so it is even more apparent when new ATHs are being made.. but at the same time, if someone is coming in new, it could take them a whole cycle to build up their BTC holdings and even start to really be able to see positive results (and we know that positive results are not guaranteed, either, so position size has to be accounted for in order to realize that positive results are not guaranteed).