Quote from: JayJuanGee on April 26, 2024, 12:56:32 AM

Quote from: teamsherry on April 25, 2024, 12:17:45 PM

Quote from: JayJuanGee on April 25, 2024, 03:25:03 AM

Quote from: Troytech on April 24, 2024, 11:01:21 PM

Quote from: JayJuanGee on April 24, 2024, 02:34:35 AM

[edited out]

But this springs up a question, what about those that are actually investing in bitcoin with money there would missing this case I don't mean over investing or allocating to much but for someone at retirement that has been accumulating bitcoin to live off it, and has been investing his retirement funds in it, what do we say of this.

I cannot tell you. Since part of the justification for diversification is that you don't necessarily have all of your value in one thing, and I am not even suggesting that diversification is a good or necessary thing until maybe you start to get to the point that you have more than a year's income/expenses in bitcoin.

Sure, there are going to be some people who decide only to invest in bitcoin and cash an to maintain a bit of a narrow set of assets, but that surely could end up getting them in trouble if something ends up happening to bitcoin.

So yeah, you are investing money into bitcoin that you don't need for 4-10 years... but you are expecting bitcoin to still be alive and well in those later times after you had invested so much into it, and surely I can understand that, and I cannot exactly tell you what to do, except for just say that bitcoin is not guaranteed, and if you are not protecting yourself, then no one is going to bail you out... so you have to figure out some kind of ways that you are happy with the level of balancing that you are doing regarding what kinds of things that you have besides bitcoin, and if bitcoin is the ONLY thing that you have, then you might be in a situation in which you are not diversified enough.. and no one can tell you what other things to invest into, whether it is property, stocks, bonds, cash equivalents, commodities or whatever (and surely I am not suggesting shitcoins at all, but some folks might keep some value in shitcoins - hopefully not more than a few percentage, but there is no way to stop people from coming to conclusions about what they are able to do based on what kinds of resources they have).

Maybe you don't even really need to be thinking too much about diversification in the first 4-10 years of your bitcoin investment, and there surely are some rich folks who likely are not diversified enough, but that is how they live. There is a famous quote from Warren Buffet in which he says that you gain your wealth through concentration, yet you preserve your wealth through diversification.

I have not updated my own chart that describes wealth distribution recently (since it was last updated in mid-2022), but even though I have a lot of value in bitcoin, I started out with enough wealth in other kinds of assets that they would be able to support me, so even though my bitcoin has become greater than 80% of all of my other holdings, the other 20% of everything else could support me if bitcoin were to go to zero.

So, no one can tell you what to do or how to do it, but hopefully as you invest and you grow your investments and you learn along the way, your own portfolio and your decisions along the way will inform you about how to make those kinds of distribution, allocation and/or redistribution and/or reallocation decisions.

IMO sticking with bitcoin is better cause at the end of the day not everyone can afford a well diversified portfolio and what would be the need of having so little in every asset, how can anyone get rich from doing that, I understand that diversification is a means to feel safe in case something happens to bitcoin, but for a poor person or someone not so rich that can't afford to build a well diversified portfolio along bitcoin that would of be a big distraction cause you have to divide what your giving to bitcoin to feed that asset and that would only be a distraction from the main goal which us to get rich and you need to have invested much to receive much and for a pooer person that can't afford diversification it woudl be better to just stick with bitcoin, concerning safety I believe that having cash around can be the best kind of safety practice anyone that can't afford a well diversified portfolio should have although some might argue that having some percentage in shitcoins might be a good idea which I disprove off cause you can't rely on a slippery slope as a defence if things go wrong. But yet everyone has the obligation to figure our what is best for them.

There may be some ways in which we are saying very similar things, yet just saying those things in different ways - which kind of causes me to question if you are really taking in the ideas that I am attempting to share.

We all know that guys are responsible for what they do, so surely don't want to get into any kind suggestion in which I am telling guys what to do, even though frequently I can be quite forceful in my suggestion for everyone to make sure that they get some bitcoin and that guys should also attempt to be as aggressive as they can in regards to their bitcoin investment without overdoing it. .so each of us has to apply those concepts to their own situation and figure out their own balance, and surely I am not in favor of diversification for the mere sake of it - however, as any of us our building up our investment portfolio, there may well be no problem in terms of staying concentrated in one investment (including just having bitcoin and cash) for 5-10 years or longer, since it could take 5-10 years or longer merely to get your investment portfolio size up to an amount that is greater than 1-2 years of your income/expenses, and some of these amounts you are not going to know in advance in regards to either how much your income is going to be down the road or even how well BTC might or might not perform at various times that you are making the down the road measurements of how it is doing in reference to how you might have anticipated it to do in your earlier years of investing into it.

So part of the point is that your actually building of your wealth contributes to you becoming a person who is no longer poor because you start to have resources that you might or might not choose to dip into and you may well start to become concerned that you have too many of your then built wealth that is subjected to too much volatility, so your choices to diversify somewhat out of the investment and to put some value into other things (and perhaps even into inferior investments) may well become a consideration as kind of necessity that you have in order to preserve what wealth you had been building.. .. so merely the fact that you want to continue to build your wealth does not necessarily justify choices to not preserve the wealth that you might have had been building over 5-10 years or longer.. ..

but yeah, those may well be future considerations because you start out with perceptions of being very poor, but as your wealth grows you are not as poor as you used to be and you might even start to feel that you are becoming richer and richer, but you have some desires to make sure that you don't slip back into being poor, so you may well justify needs to diversify into other assets, and yeah, maybe you never consider shitcoins to be part of any diversification plan, but there may well become some kinds of investments that are justifiable in terms of diversification, especially if your only previous way was to diversify between cash and bitcoin, and so in several senses, you might be able to achieve some diversification in some other assets that are still serving some of the purposes of cash - except that they are earning yield rather than several of the disadvantages of cash that involves is ongoing debasement.. ..

and you don't resolve those matters by putting that value into bitcoin, since at that point you may well conclude that you already have a lot in bitcoin.. so you sometimes need other places to put it, and yeah, you might not come to those kinds of conclusions until 5-10 years down the road, and it would be way too premature to be ruling out those ideas merely because right now you are in your earliest years of building your investment portfolio that likely ONLY includes bitcoin and cash and there is nothing wrong with keeping that kind of focus until your investment portfolio might grown to a certain size that might start causing you to feel justification to spread it out a bit more... whether that is 1-2 years of income/expenses in your bitcoin, or maybe those feelings come when you have 5-8 years of your income that are ONLY in bitcoin and cash, and you may well strart to feel way too. concentrated and vulnerable.. and each of us has to make those kinds of decisions and hopefully you do not devolve into gambling merely because you are against the idea of diversification...which could lead to your own peril.. but that's your choice, if you end up gambling in those kinds of ways.

Quote from: teamsherry on April 25, 2024, 12:17:45 PM

Generally nothing is guaranteed in life and also bitcoin, but yet its not as much a slippery slope as investing I shitcoins,

No one is saying to invest into shitcoins, but sometimes people consider those kinds of avenues, which might end up being better than keeping value in their local fiat.. or even if there is local fiat, dollars, stable coins and then there might be some choices that are made that could be justifiable down the road in terms of what you might have available in terms of keeping value or how long you might keep value in various places besides bitcoin and cash.

Quote from: teamsherry on April 25, 2024, 12:17:45 PM

so yeah It's good to have safety practice or think in terms of planning ahead for the worse, but thinking of diversifying to early

I am not suggesting to diversify too early. I believe that diversification is not needed for several years, especially for poor people and probably even getting to a point of 1/2 year or even a whole year of income/expenses in bitcoin and in cash, but later on when your investment portfolio starts to get larger there surely can be some justification.. but you don't need to start out thinking that diversification is necessary. especially if you might only be investing $10-$20 per week, and so it may well take several years before it even makes sense to start to diversify.. so someone investing $20 a week for a year would have ONLY invested $1,040, and personally, I would think that it would take several years.. and yeah in that case after 10 years, the amount invested is only $10,400
and maybe if the BTC price had gone up 2x or 5x or even 10x, that may well not mean that your portfolio is worth 2x, 5x or 10x more, since some of your investments would have been earlier and some of them would have had come later, but if you have an income that is less than $10k per year, then if you have $30k in bitcoin, and $10k in cash (or cash equivalents), you might start to get nervous about having so much that is ONLY in bitcoin and in cash... especially if bitcoin might go up and down a lot and you might want to remove some of that volatility.. so yeah, there is no real direct answer and maybe you are not going to exactly know in advance in regards if there might be some justification in terms of diversifying some of your investment, which also might not mean selling your bitcoin, but might mean starting ot invest in other things., as mentioned, whether property, stocks, bonds, commodities or cash/ cash equivalents..

Quote from: teamsherry on April 25, 2024, 12:17:45 PM

might just be an illusion to confuse you, basically most persons invest in bitcoin cause they believe it can yield profits for them and the of way to prepare for such possibilities than to have a good stash in bitcoin and yeah they is also a probability that your investment might not yield returns for you, but if diversification is a means to rather protect wealth than to build wealth then its better to first gocus on building wealth than to get lost in protecting the little you have invested when you should more concerned about growing one asset first or having a good stake in one asset before jumping into another unless you are rich enough to handle investing in bitcoin and also diverfying in other assets at once.

This all may well be correct..... so yeah, we are not really saying anything different in this part.

Quote from: Razmirraz on April 25, 2024, 02:06:29 PM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

This problem is so common, to this day no one can estimate the price of a coin with perfect accuracy. The movement of crypto assets is very volatile and not easy to analyze, it is very difficult to predict where it will go after you make a purchase.
You can do technical analysis and fundamental analysis before buying crypto assets, this method can help you see price developments over several days, weeks or months. You can predict the movement of the crypto assets you want to buy by studying historical price movements over a certain period of time. You can do this by choosing several crypto assets based on the same characteristics so that the money you use to invest is not wasted.

Fuck "crypto assets"

Who knows what you are talking about? You don't even seem to know how to use the word "bitcoin" in a sentence, since you did not mention "bitcoin" in any place in your post, so how are we going to know what you are talking about?

Are you talking about bitcoin or some vague bullshit?

Do you even know what you are talking about?

There is no such thing as investing into "crypto assets". That is retarded.

In order to have some kind of specificity about what we are posting about we can mention bitcoin... and we can also describe what we are going to do about our investment into bitcoin and our approach with bitcoin. That would be a lot more specific than your vague references to "crypto assets" whatever that means.. you sound like a mumbling and bumbling politician.... but if we are referring to some various shitcoins, then which one(s) are you referring too, and why the fuck would we want to either talk about them here or refer to them as some kind of vague concept? Not that I am asking you to speculate about which shitcoins happen to be less shitty. .of to engage in some kind of compare and contrast of which shitcoins might or might not be a good idea.. that sounds really dumb.. so why not just stick with talking about bitcoin, and if you want to talk about some various shitcoins then take that to some other thread..... Another thing for guys who cannot help but to trade or gamble or to fuck around with shitcoins, hopefully you are able to at least limit yourself to less than 10% of the size of your bitcoin holdings, in the event that you cannot help yourself but to trade/gamble rather than invest.

Quote from: Aanuoluwatofunmi on April 25, 2024, 04:09:56 PM

Quote from: teamsherry on April 23, 2024, 10:23:37 PM

Funny enough I don't believe that anyone who holds his investment for less than 4 yours is a long term holder except on cases where the person was able to accumulate so much bitcoin in such a short amount of time and maybe was lauck to invest in a time like this(for those that started invest maybe mid last year or from last year).

Holding an investment withing a duration of a year to four is no longer what we should be seen as short term investment, we can even make the expected result within the first year of investing on bitcoin if we happen to fall under the right timing that after our investment, the market continues in bullrun on a sustained range, just as we have it from now, if someone is investing now and could be able to hold till this time next year, there is high probability of making more profits over his investments because of the post halving bullrun experience.

Yes, any investment timeline of less than 4 years, including your proposal to get in and out in one year is trading rather than investing.. . so hopefully you do not end up selling too much too soon and never being able to get as many BTC because you were too busy fucking around with trading and gambling rather than accumulating BTC. .which likely would be the smarter way of approaching something like BTC..

But, hey, you are free to do what you like, even if it is not very smart.

If someone does have the capacity on knowing about on when to buy and when to sell then you would really be a rich person for sure and there's no doubt on that but we do know that this is some sort of
dream that everyone do wish for is on which they would really be able to know into those when conditions but we do know that it cant be just possible. This is something that all people here on this market
is really that trying to figure it out and this is something that majority would really be doing their very best on learning those technical analysis because we are really that trying out to
find on where it would possibly go.

This is where we do really tend to learn up all possible aspects that we could really be able to learn on which this is something that we would really be that
figuring on where it would be heading but since there are tons of factors that could affect market movements then this is something
that what makes things even more harder.