Post
Topic
Board Economics
Re: keep pleasures without incomes aside and Chase after profits
by
Oasisman
on 09/04/2024, 02:49:34 UTC
Being successful is not that easy and requires a lot of dedication. It's great that you are participating from the recent bull run and are able to fully provide for your family. Unfortunately there are enough people who didn't have enough free capital to invest in crypto currencies during the last bear market, or didn't know enough about it invest larger sums of money. We should be understanding and trying to help our friends as much as possible. This doesn't mean that we need to spend a lot of money supporting our friends, already small things can make a big difference. Being open with your friend about how you invest your money is good. It shows that you think about longterm goals and are planning for the future. Helping our friends to get a similar mindset is already a huge change and will lead to long term profits as well.
While there were people that have done nothing during the bear market. I have seen a lot of investors that have prepared themselves for this upcoming bull run. Anyone who's able to prepare for it to come and have invested properly despite it's risky, they will see how the market will turn their lives better. It doesn't have to be that much, as long as you're consistent and you've been doing it at the timeframe that you set, you're all good.

Those people who have made themselves ready for the bullrun to come again, we will never see any post about them because they are all now settled and is only waiting to take the profit of their patience and consistency in accumulating more and more fractions of bitcoin just before the next halving.
I don't think people who have less income but still was able to have bitcoin somehow, will have to stick for the reasoning that they didn't get enough profit in the bullrun because they only have a small bag. Well, there were a lot of opportunities to DCA everytime bitcoin had a sharp correction before. These people doesn't only know how to effectively DCA and save money everything they can to make a purchase during sharp declines. 
A lot of people have not really learned from the last 3 bitcoin halving and the potential high profit in the post halving.