Quote from: Tungbulu on Today at 01:44:11 AM

Quote from: JayJuanGee on May 07, 2024, 05:46:27 PM

And so with my own situation, I came into bitcoin thinking that I was going to hold whatever I bought for at least a year, but most likely at least 2 years, yet these days I think that many of us know more about bitcoin, and any new investor should be able to commit to investing 4 years or longer.. of course, people are going to be scared and even some of them want to try to play the wave that is likely less than 4 years, and so I consider those folks to be traders and/or gamblers rather than investing, even if some of them might end up changing their minds and decide to stay longer.. just like I continued to stay longer rather than ever making any radical moves to sell large portions of my holdings.. which also could be considered a bit of controversial stance - since we know that in 2018, the correction was in the ballpark of 85%, so that can cause regrets from a lot of folks in terms of not having had sold much or even any BTC during the earlier price rise.

....The experience you've shared about yourself of initially hoping to HODLing for just a year or too but decided to consider a longer term of 4 years or longer investment horizon is a road map to how investors should perceive and embrace Bitcoin investment.

I mostly highlighted that point in order to suggest that it is quite likely that bitcoin has a stronger investment thesis these days than it did in late 2013 - and surely we can evolve our thinking - while at the same time, I understand why sometimes newbie bitcoin investors might feel some reluctance to committing towards longer investment periods - such as 4-10 years or longer, even though it seems that many of us should be able to have greater conviction in terms of bitcoin than we might have had in late 2013.

Quote from: Cryptoprincess101 on Today at 04:16:14 AM

Quote from: Tungbulu on Today at 02:53:47 AM

Reserved

I have seen you do something like this before and I thought it was a mistake or some network error from your browser but you making a repetition here makes it obvious that it is a deliberate act and I don't know the reason why you choose to reserve this space but I urge you to desist from this act.

Quote from: Tungbulu on May 05, 2024, 04:20:41 PM

..

I saw that too, and I did not say anything, even though the post is likely against forum rules for anyone other than OP to make a reserve post in terms of the starting of a thread and creating some extra reserve posts in the beginning of the thread.. .. but a regular person posting in a thread is not even supposed to post twice in a row, without some kind of delay (perhaps more than 24 hours) between posts, so having two posts in a row would likely be against forum rules, especially since in the case of a "reserve" post, the second post is not even adding any actual substance.

Quote from: Tmoonz on Today at 04:31:40 AM

Quote from: Tungbulu on Today at 01:44:11 AM

Quote from: Mayor of ogba on May 07, 2024, 06:18:34 PM

Even though an investor doesn't have a good income source to keep a reserve and float funds, it is okay, but the investor should always make provisions for emergency funds, even if he has to reduce the money he will be using to accumulate bitcoin weekly or monthly just to build up emergency funds. It is important to have emergency funds when investing in bitcoin so that if any emergency happens, you will have what to use to settle the emergency and not depend on your bitcoin portfolio to solve it.

Exactly one of the reason I strongly preach against lump-summing as a formidable technique when accumulating bitcoin. Lump-summing could lead to aggressive accumulation that may affect other areas of your finance. People should always know that, inasmuch as your investment is necessarily important because it takes care of your long-term goals, there are also short-term goals one needs to meet, it could be from getting groceries to paying some bills at home.

Every strategy for buying Bitcoin is unique and solely depends on the investor in terms of his financial situation, risk tolerance level, investment goals and objectives (investment time horizon inclusive) the choice of strategies is not that really important to me but rather what is most important is how much of worth of Bitcoin do you have in your bag and how long can you be able to hold, I don't think if the Idea of lump summing has anything to do with being aggressive in your accumulation rather it has to do with buying right away with the available amount that is kept aside for buying Bitcoin, a man who has become knowledgeable about Bitcoin with so much believe can become limited in to investing in Bitcoin because of lack of finance, while receiving a huge amount of money can decide to to lump sum his first buying right away with the amount he made readily available to accumulate Bitcoin while other of his personal needs are already taken care of including emergency funds, while he may continues with dca strategy, there is nothing wrong being aggressive in your accumulation especially for a no or low coiner but it only becomes problematic when you are being overly being aggressive where it will affect your other needs. However, the combination of the both strategies can as well yield a better results. And, every investor must tailor down his choice of strategies that will suits him or her which will enable him in making an Informed decisions.

I agree with everything you said Tmoonz, yet I would just add (or emphasize since you kind of already mention this) that lump sum investing would potentially be more problematic if it was using up all of the money that a person had so that he would ONLY be preparing for UP and not have any extra for down. Surely a person could lump sum with everything but still have a cashflow (for DCA) and and emergency fund, but it seems better if he might hold some back for buying on dips, but surely that might not be necessary if his finances and psychology are otherwise in order, and sometimes it does not hurt to lopside ones approach in favor of UP, even if it might end up not paying off immediately, and there could even be some need to realize that the whole investment could end up going negative for a long period of time, and surely prudent people might want to be careful in regards to how much they want to invest including having the expectation that they might have to ride their investment down to zero if the market goes against them. On the other hand, people will come to differing conclusions on these kinds of matters, and some people do already have various categories of money that they might be willing to go in some form of "all in" with some of their extra portions of money... and some of them may well even be considering their in vestment in terms of 4-10 years or longer, but decide to come in somewhat aggressive as compared to other more incremental approaches that they could have had taken.

Quote from: Samlucky O on Today at 06:37:31 AM

Quote from: JayJuanGee on May 07, 2024, 05:46:27 PM

There is a lot of mixing of shitcoin ideas in that article, so there are some good ideas in the article, but it surely is mixed up with shitcoin ideas, and it cannot even describe bitcoin maximalism without pumping some shitcoin ideas in there.

Of course, I acknowledge that shitcoins exist and are going to continue to exist, but I still would consider a lot of needs to learn about and to mostly focus on bitcoin without getting overly distracted into shitcoins, including vague references to crypto as if bitcoin was just one of he options instead of the one that all of the others is copying and correlated to.

surely most of the article explains more of shitcoin but a kind of explanation and reference but thought I don give a fuck about those explanation that concerns shitcoin but looking towards bitcoin only. like what I said earlier we should look into some important and vital message it's passing across and leave the rest shitcoin crab. sometimes we feel we are doing things right up but don't know we are in deviating or bringing up a misleading information. for the rest of your comments, I would have replied you but I understand every bit of what you said and that's why I chose only this few part in other no to repeat our conversation.

It is difficult to look at that article just for its bitcoin part. there may have been a few paragraphs that were kind of good, but the article really went off the rails in terms of its inclusion of a number of shitcoin ideas, which largely subtracted from any initial value that it might have had in terms of attempting to categorize different kinds of bitcoin investors... so yeah.. it is hard to extract much good out of that article... It is almost as if you might want to write your own article with similar ideas and take out the shitcoiner parts, you would not have much left after you took out the shitcoiner parts... Go ahead try it..

It might be interesting to see what you might be able to come up with that ends up being any good.. and of course, if you post it here, then at least cite the original and maybe convert it into your own words and/or say that your write-up was inspired by such article.... gotta be careful with plagiarism allegations if you try to rewrite an article, but it could be possible if you describe what you are doing and clearly point out the source in which you are re-writing with an attempt to make the substance more bitcoin-focused.

Quote from: Cryptoprincess101 on Today at 07:13:35 AM

Quote from: Tungbulu on Today at 05:44:55 AM

[edited out]

I actually don't want to involve myself in an argument with you all am saying is for you to be careful at your own detriment because checking at the time frame between which you make the posts doesn't show any sign that it is a browser error even if it is you have to consider installing a new browser to avoid future reoccurrence. My candid advice and it's for your own good and to avoid your account being tagged.

I find it hard to believe that a post is not deletable. I can delete any post that I make, so why would Tungbulu not have an option to delete. Without some better explanation, not being able to delete makes little to no sense.