Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
I_Anime
on 16/03/2024, 13:43:01 UTC
⭐ Merited by JayJuanGee (1)
Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.
depriving oneself from luxury lifestyles inorder to Stash more Bitcoin is a smart move, because if you start stashing more bitcoin now and HODL in a long run , would give you a life far more better than living a luxury lifestyles now. So bitcoin investment is all about work hard now and enjoy the fruits of your labour later.

While those that still having that thought of bitcoin being a Ponzi scheme would keep on missing such opportunities, because they don't wanna learn , that's how alot of individuals back then may have also have same mindset thinking bitcoin is a Ponzi scheme and would crash soon when it value was still around $1k , but through those years bitcoin kept proving them wrong and now Bitcoin just recently hit a new ATH (which Is around $73k ) not quite long. You can see the tremendous growth and we believe bitcoin would still keep on proving them wrong , when it keep going up.
Ponzi schemes usually don't last too long. So that can be a benchmark to offer to people who still think Bitcoin is an investment that uses a Ponzi scheme.
as you said we can provide real evidence of the price of bitcoin when it was still $1K until now. or if necessary, you can use data from the first halving to the last halving next month. how does the price of bitcoin increase from each halving or from year to year. of course they will see clearly that this is real and not a ponzi scheme as they say.

I really don't think that is necessary by going the extra miles in explanation and even providing data to back up your claim that Bitcoin is not a Ponzi scheme, I don't think it's necessary, to me it's only people that are misinformed or uninformed that will take Bitcoin as a Ponzi scheme in today's world that technology and civilization have practically taken over everything,  so to me, anyone that fail to see the light, let him be, don't try to over talk someone into Bitcoin investment, so you wouldn't be seen as a fraudster.
for those of us who don't care about bitcoin in the future, or just want to enrich ourselves with bitcoin, maybe we can say something like that.
but would it be better if we could straighten out something wrong about bitcoin. especially those of us who have enjoyed the benefits of investing here. Sharing knowledge will also have a positive impact on people's views about Bitcoin. and isn't that what we want, Bitcoin is more widely known so it can attract more investors to join here. If many people join and know more about Bitcoin investment, it will also affect the value of Bitcoin itself.

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.


yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) but he should keep some reserve for buying the dip, so he was excited about it that with such strategy he would have enough time to gather some good some of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow)  am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating , and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.