Quote from: Tungbulu on May 30, 2024, 04:20:48 AM

Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Fuck gold and silver and the idea diversifying.

Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.

Quote from: laijsica on May 30, 2024, 05:52:24 AM

Quote from: JayJuanGee on May 29, 2024, 10:56:31 PM

Quote from: Judith87403 on May 29, 2024, 09:25:46 PM

Quote from: rachael9385 on May 29, 2024, 06:37:13 PM

Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.

I don't know if I'm getting you right but why do i feel that your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on.

Any money you invest into bitcoin should come from disposable income.. so by definition it is extra money and/or money that you can afford to lose.

Your bitcoin investment could go to zero, so any money you invest could be lost 100%, and you should be prepared for that possibility with any money you invest into bitcoin.

Of course, every investor should make a decision to invest in Bitcoin based on holistic considerations. Overall consideration here is the possibility of high profit or investment loss. Consideration of disposable income as capital and the expectation of potential profit associated with it certainly helps to consolidate the consistency of each buying. Future determination of hard-earned income and the decision to hoard Bitcoin is definitely going to be positive as the system has often cheated one following the historical footsteps of the local currency investment journey.
An investment decision with potential returns like Bitcoin and its past price history is certainly a beacon of hope for small investors like us. Although you always say it can be high and it can also go to zero. Your whereabouts must be reasonable because none of us are sure where its value will go. But I think behind the negative attitude we must keep the positive influence which can encourage us to accumulate more Bitcoins. Long-term trends in holding and holding during bullish and overbought each dips.

Your whole post is a bit weird and unclear laijsica, yet it may be worth clarifying that one of the reasons that any of us might consider the possibility that bitcoin could go to zero or to have some kind of a negative rather than a positive performance outcome is so that we temper our investment amount in order to account for those kinds of considerations.

Sure the most aggressive of bitcoin investors might shoot to come closed to investing 100% of their disposable income into bitcoin, and surely there is value in being aggressive, yet at the same time, if they are investing close to 100% of their disposable income into bitcoin for long periods of time, they are likely going to be putting unnecessary and undue stress upon their finances and their psychology, especially since bitcoin is an asymmetric bet to the upside in which investors can lose up to 100% of what they put in, but there are also various great upside scenarios, so even relatively whimpy investors might well end up finding themselves to have had profited quite fantastically from their having had decided to p;ut some level of their disposable income into bitcoin (even if it was a relatively whimpy amount in the 1% to 5% territories.

None of us can decide the balance level for the investment levels of anyone else, so there can be ways to take a reasonably balanced or a somewhat aggressively leaning investment approach to bitcoin, and still maintaining a fair amount of balance and/or enjoyment in life because there is some value to spending some money while you are young rather than completely deferring gratification and neglecting your own psychological and/or social well-being that might sometimes be better off by spending some money while you live rather than completely deferring gratification based on choosing to invest on the high side of aggressiveness into bitcoin.

Quote from: MRY on May 30, 2024, 11:56:38 PM

Unfortunately, at this time we no longer have the opportunity to buy Bitcoin at a cheap price, currently the price of Bitcoin has risen too high. But we can still buy Bitcoin, it doesn't have to be one Bitcoin. At a minimum we can buy Bitcoin with an amount of $100.

Yeah of course you can buy any amount of bitcoin that you are able to buy, and so you are correct that some of the current BTC prices are higher than earlier BTC prices, but so what? Today's prices are still likely going to seem cheap compared to some future prices, so your statement of no longer being able buy BTC at "cheap prices" comes off as somewhat retarded, since it is relative to when and also if someone is brand new to bitcoin, they don't have any choice. They cannot go back to some earlier date or even go back to last October 2023 and buy BTC below $30k....

Like you suggest, it is quite likely that BTC prices will never go below $30k and we might ONLY be coming to realize that now, but if we did not buy bitcoin back then, we have to decide from today in regards to what we are going to do, and even presuming that BTC prices are going to ever drop below $65k again might be too much of a presumption, especially for a low coiner or even more so for a no coiner. The only way a no coiner prepares himself for up is by buying bitcoin, and he may as well buy some now rather than waiting for some lower price that might not happen, so as far as the newbie no coiner is concerned, these may well be "cheap" prices, especially since he has no real way to know (except by guessing) that the BTC price might go down from here, but then again, it might not.

So the point about BTC prices are no longer cheap is misleading.. but maybe even irrelevant and even worse could actually be wrong.. since BTC prices may well be as cheap as they are going to get for someone newly coming to BTC right now.

Quote from: Mayor of ogba on Today at 03:22:11 AM

Quote from: Proty on May 30, 2024, 01:19:21 PM

[edited out]

You are correct at Proty; not everyone is holding bitcoin for profit; some people are holding bitcoin because of its self-custodial nature, which makes it powerful. Bitcoin was developed so that people would have 100% control over their money, and no government would tell you how to use your money or decide when you make transactions; they would not spy on you to know how much you are worth, and they would not scrutinize your transactions. With bitcoin, no government financial policy will affect you if you are holding your money in bitcoin.

You seem to be overly stating the case Mayor of ogba.. You might not be incorrect, but many folks still need to take some safeguards to preserve their autonomy and privacy with bitcoin, and many folks acquire their bitcoin through KYC avenues, so they might have wallets that they segregate with KYC coins and other wallets that they keep as non-KYC coins, but even those kinds of measures are not easy for anyone to actually consistently employ.. so there are tools still being developed, but such tools still may well need to be learned and widespread, and even some of the ways of interacting directly with other bitcoiners can be stifled in a variety of ways.... with different situations in some countries as compared with other countries. El Salvador is different from China as from the USA as from England as from Russia as from South Africa (or maybe Nigeria would be a better example) as compared with UAE as compared to Japan as compared with the Phillipines as compared to India as compared with Brazil as compared with Argentina as compared with Mexico or Canada, and I am not even going to claim to know all (or any) of the different options, restrictions or the distinctions available in each of the locations.