Quote from: Obim34 on Today at 08:27:17 AM

Quote from: Doan9269 on March 08, 2024, 12:21:58 PM

When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.

Yes, all what you said is correct. We do not need jump into investing without making good calculations of our cost of living, our savings/emergency funds and other minor expenses, if we don't then there is certainty of becoming affected after making the investment which may result to the urge of tampering one's portfolio. It has been drawn to the best of our knowledge to adhere to the rule of investing not aggressively but passively, this way we don't get to regret.

In the investment and personal finance world, the term "passive" has a specific meaning that revolves around getting and/or receiving income without working - in other words an investment can earn a passive income because either it bears interest or it grows in value faster than the rate that value is withdrawn from it.

It seems wrong and/or misleading to use the term "passive" as a way of describing how we are investing into something like bitcoin.. Sure there can be ways that we set up automated buys or we could follow a system in which we invest every week no matter what from our discretionary/disposable income, yet I still would not describe that as passive, even if there might be some automation involved in it.

Also, we could use income that comes from a passive source in order to invest into another asset such as investing into bitcoin from the proceeds of your property rent (presuming that you don't have to do any work for that property rent income)...

Sure, I might be quibbling about semantics, yet it seems to be frequent that guys are misusing the term "passive," and it can become quite confusing to either try to figure out what they are saying or what they mean, especially if they are most likely talking about income that they are receiving from working and maybe it does not even really matter so much from where they are getting their income because in the end, the amount of income that is coming in needs to be greater than the expenses in order to be able to invest with what is remaining and the remaining portion is described as disposable/discretionary income and so if they have $600 per month in disposable/discretionary income, they could be aggressive and invest at or near 100% of that into bitcoin or they could be more whimpy and invest only 10% or 20% of that into bitcoin.. so maybe you are suggesting a more whimpy approach is the same as passive, and I think that it is misleading to use the word passive when you might be talking about being less aggressive in the BTC accumulation approach.

Quote from: Taskford on Today at 11:48:03 AM

For sure we think about going to past where everything is cheap that's why people should not make the same mistake again since there's still plenty of time for them to accumulate and they should not about they came late since on bitcoin there's nothing like that exist since price of bitcoin continuous to grow.

Even though there are no guarantees in bitcoin, it seems quite likely that people who are thinking that BTC is at a current top and vulnerable to crashing, and so therefore they hesitate to buy BTC, and if they continue to hesitate to buy based on that kind of thinking which also relates to their thoughts of "being too late," then in 3-4 years if they still had not been buying BTC, they are likely going to see that bitcoin had landed in a place in which 5 digit bitcoin was not even available anymore and so those who had gotten in at current prices are looking like geniuses.

Again, surely not guaranteed, yet it is way better to get some kind of position size into bitcoin rather than presuming from the mere fact that we are hitting ATHs that there needs to be any kind of correction from here or even that BTC prices need to return to these price levels once (or if) they decide to go up... and even this year, we well could be experiencing a BTC price range that is bouncing around $120k to $180k (with $60k price moves to the upside and downside over a few months).. .again, no guarantees of these kinds of scenarios, yet the ONLY way to benefit from those kinds of possibilities is to buy some bitcoin and/or buy exposure to bitcoin (if for some reason you are not ready, willing and/or able to buy bitcoin directly, which would be the preferred way to hold your cornz).

Quote from: danadc on Today at 02:59:36 PM

My sister-in-law called me today to ask me that she has 1000usd to invest, and she asked me what I recommended, I told her, that she buy bitcoin, because even though it is close to its last maximum, she can still buy, but that she has two scenarios, if it goes down When it comes to price, you should not despair, but wait until it goes up, do not take out an investment, or lose patience, but you have to have the conviction that the price will go up, the other is that if you buy and it goes up, then she evaluates what she can withdraw, but which will recommend that less than $150k do not withdraw profits, it may not be in the Dip, but it is a good time to make an investment.

You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.

I think that you are suggesting that your sister-in-law gamble, and I think it is better to stick to long term investing of 4-10 years or longer, and if she wants to invest for shorter periods, then that is her choice, I would not get involved in her potential decisions to fuck around with shorter plays and/or gambling. Yeah, she is free to make those kinds of choices, but there is no winning in getting involved in those kind of short-term plays that are less than 2 years, and it surely is discretionary regarding how much to put in, how to put it in and when to cash out.. and we are not talking about trading/gambling with your bitcoin in this thread, so fuck trading and gambling.. especially with bitcoin.

Now in regards to long term investing and a potential initial investment amount of $1k, then there could be some way of figuring out how to divide that in terms of Lump sum investing, DCA and buying on dip. So in that regard, it would be good to know what the discretionary income is for that person for the next 6 months and how much of that discretionary income are they willing to put into bitcoin. Once you have the full number for the next 6 months, then you can figure out each of the three categories and also figure out the extent to which there is a preference to attempt to mostly front load the investment.

Let's say that the person has $1k right now and $200 per month over the next 6 months (so $1,200 coming in) and so that would be a total of $2,200 over 6 months... and yeah maybe she does not want to invest that much into bitcoin, yet if she is willing to put $1k into some investment right now, she must have some amount from her salary that she is willing to put into any investment on a regular basis, even if there might be a desire to skew the investment towards frontloading (buying now rather than deferring).

The answers are not always straight forward, but those seem to be the kinds of choices, and if the investment is presumed to be 4-10 years or longer there might be some tentative thoughts about what to do after 6 months or just to keep in mind a tentative plan for 6 months and then perhaps to revisit the matter when the 6 months are about to run out in terms of if any adjustments need to be made in terms of continuing to put value into bitcoin, and if value is continued to be put in then any new value should also have a 4-10 year or longer investment timeline from the time that it is put in (rather than using the initial investment time).

Quote from: Kwarkam on Today at 03:16:58 PM

Quote from: Salahmu on Today at 10:29:16 AM

[edited out]

Well said. At a larger scale, there is no reason to choose the short term investment over the long term, given that as investors, we all have one thing we pursue. Profit.

Even though you are likely technically correct about the "profits," but you sound more like a trader and a person with a short term mindset if you are so maniacally focused on the "one thing" that you believe to be important. Long term investors might still want to be profitable in the long term but they may also not be focused on whether they are short term profitable or not and/or getting distracted by those kinds of considerations.

If anyone takes a bet on bitcoin in the long term they may well commit to it and hoping it to be profitable by the time they get to their 4-10 year or longer timeline in which they might change their strategies... while at the same time, they might be using their investment as a kind of hedge, in which any particular investment within their investment portfolio might not be profitable, but they cannot really know which parts of their investment might be profitable or not, but they are not necessarily focused on each of them being profitable at any given time, even thought they want their overall portfolio to be profitable and that the gains outweigh the losses including that they had chosen a good combination of products in their investment portfolio (I am not referring to putting shitcoins in your investment portfolio unless maybe you limit them to very small allocations, such as less than 10% (hopefully much less than) the size of your bitcoin allocation).

Quote from: Kwarkam on Today at 03:16:58 PM

And if your investment plan isn't giving you the best of that, as a business person, I do not think there's any reason to venture in that direction.

You make choices and bitcoin is risky, but it hedges against dollar-reliant investments, and so bitcoin is a good thing to have in your investment portfolio (as a kind of insurance) even if it might not end up working out in the long run. And, so some of the more important questions would be how much to allocate into each kind of asset, and if you happen to be a beginner investor, you likely ONLY would end up having bitcoin and cash, and maybe after investing several years, then you might decide to start to diversify out to other assets (again not referring to shitcoins, though diversification generally means other kinds of asset classes, such as stocks, property, commodities, bonds and cash/cash equivalents).

Quote from: Kwarkam on Today at 03:16:58 PM

If as investors, we seek the best out of Bitcoin, I'm certain in lies in long term investment as it is advisable to both low coiners and those who have gathered alot.

How many coins you have accumulated can make a lot of differences in terms of your investment choices, so lowcoiner are not in the same category as those who have accumulated a lot, and I would not even suggest that a low coiner is a good descriptor since low coiners might be some folks who are building their stash with aggressiveness but they still don't have enough coins, versus another kind of low coiner who is not aggressively even trying to accumulate coins.... So when I refer to low coiners, I tend to use the term derogatorily to refer to someone who is not even trying to accumulate coins. On the other hand, I would not consider a person who is still in the earlier stages of his BTC accumulation to be a low coiner, even though he perceives himself to not have enough coins.

Quote from: Kwarkam on Today at 03:16:58 PM

People who do not have money to purchase many coins should heed to this, as short term investment may even lead to loss.

This part is true... it can take several years to start to get into profits, yet even the mere fact that you are in profits would not even necessarily start to mean that you need to sell any coins. Right now, almost everyone is in profits as long as they had been buying and holding and not selling or using leverage, yet even though they are in profits, they may well be really far from their BTC accumulation goal, which may well mean that they are going to need to continue to buy for the next 4 years or even longer and then maybe at some point they well start to consider if they are starting to have enough BTC yet or not... If someone has ONLY been in bitcoin for a year, and they are accumulating around 10% of their income into bitcoin, they still might consider that they want to accumulate for around 10 years before they start to think about what to do next, yet in the meantime, they can also consider if they might want to increase their accumulation pace up to a higher level.. and so it could be difficult to figure out a way to either increase income and/or cut expenses in order to be able to stack more bitcoin harder in the beginning rather than spreading out their investment over 10 years or longer, yet at the same time, there is ONLY so much any individual is able to do in terms of increasing income and/or cutting expenses.

Quote from: Ricardo11 on Today at 03:17:38 PM

Bitcoin broke its previous ATH. I haven't been able to check the market today due to a lot of busyness, so when I check the market now, I see that Bitcoin broke its previous ATH almost 19 hours ago, That price of Bitcoin is $69,427. But this ATH did not increase much from the previous ATH. But still I am very happy and glad that Bitcoin broke its previous ATH. I am a big believer in Bitcoin and it's a lot of faith that the price of Bitcoin will definitely rise above 100k and it will happen very soon.

Bitcoin broke its ATH right around 4 days ago, and then it broke it again, so you have repeated the same factually inaccurate bullshit on a couple of occasions. You might want to refer to Bitstamp when trying to figure out whether ATH has been breached or not and/or when.

Quote from: JayJuanGee on March 05, 2024, 06:35:05 PM

I don't know why guys here keep repeating non-sense and factually inaccurate information.

The previous ATH from 2021 was $69k (and yeah there may have been some variance from exchange to exchange, but many of the forum regulars use Bitstamp as the standard, and that $69k high was from Bitstamp), and so about 3 hours ago, the BTC price breached the 2021 ATH, and went up to $69,210.. and then corrected after that. So our new ATH on Bitstamp is $69,210.

Here is a screenshot from about 3.5 hours ago.