Quote from: promise444c5 on June 24, 2024, 06:40:21 PM

Quote from: JayJuanGee on June 22, 2024, 11:08:13 PM

There is nothing wrong with the contents of your post, except when you act as if there is a guarantee that bitcoin will go back up..

Sure, I don't have any problem with investing aggressively into bitcoin and making sure that each of us is adequately prepared for up.. I even recommend that guys make sure that they are sufficiently and adequately prepared for up since the overwhelming majority of the world's population has either no coins or few coins, so they are not sufficiently/adequately prepared for UP, yet at the same time my own preference that each of us strives to be sufficiently and/or adequately prepared for UP does mean that UP is guaranteed.

I believe UP means Ultimate Pump( I don't know if I'm right on this)

You are free to think how you like, yet to me, it seems problematic to be expecting outrageous upward BTC price performance, even though many of us know that both it has historically happened several times, and it can happen in the future, yet you can still design your own bitcoin investment approach in order that you are financially and psychologically able to deal with and handle great BTC price moves that could go in either direction, yet at the same time, great BTC price moves are not guaranteed to happen... so it just seems problematic to me to be thinking like a gambler... waiting for the next up.. which surely does not even seem like an investor's mindset.

In late 2013, when I first got into bitcoin, I was hopping to average around 6% of price appreciation out of bitcoin per year, while at the same time realizing that the BTC price could go up or it could go down and also realizing that if I were able to get more than 6% per year (on average), then that extra BTC price performance would be like icing on the cake (like a bonus of extra value that was not necessarily needed in order to be content with my choices to invest into bitcoin in the way that I did).

My first few couple of years in bitcoin, my BTC holdings were quite greatly in the negative, yet by the end of the second year, BTC holdings were largely in the ballpark of flat (depending on how I did the accounting), and surely by the end of the 3rd year and into the 4th year, it started to become way more apparent that my BTC holdings were going to way outperform my 6%-ish expectations, and surely I have probably gotten somewhere in the ball park of 70% or so returns (surely each of us can make mistakes in the way that we might allocate, and so there could have had been ways that my BTC holdings could have made more than 70% per year, but I have no problem with those kinds (levels) of returns over a little more than 10 years). So the difference between returns of 6% and 70% per year feels like a kind of icing on the cake and a profit cushion and surely has given me a lot of options that I did not expect had to happen, but it still feels good to have extra options. .and surely much of the receipt of the extra options came with patience in terms of the passage of time and not getting too worked up with BTC's heavy volatility that surely goes in both uppity and downity directions.. yet overall has been trending uppity... and from my continuing perspective, there should not be any need to get greedy with any future uppity candles.

Quote from: promise444c5 on June 24, 2024, 06:40:21 PM

If I'm right then preparing for the UP seem to be a perfect answer without doubt.

The reason that so frequently that I suggest that folks sufficiently/adequately prepare for UP is because I find that there are too many times that people are fucking around with preparing for down or figuring out when they are going to buy BTC, and surely we have an overwhelming quantity of the world's population - perhaps in the neighborhood of 99%-ish who either do not have any bitcoin or do not have close to enough BTC... so there are a lot of folks who are not sufficiently/adequately prepared for up.

Quote from: promise444c5 on June 24, 2024, 06:40:21 PM

If not I believe its should be related to the bullish period so either way it will be a good advice to always prepare for the UP in which buying the dip should be part ...

If anyone new to bitcoin is thinking about bullish versus bearish periods, then they likely are not really focused on long term investing.. so perhaps from my perspective, anyone who is sufficiently/adequately preparing for up would be someone who largely just continues to buy BTC for around the first 4 years of getting into bitcoin. Sure there could be some of the newbies to bitcoin who are able to front load their investment into bitcoin, and so anyone who is able to front-load his investment into bitcoin is going to be in a better position to just relax in terms of the quantity of bitcoin that he has and perhaps having a feeling of being sufficiently/adequately prepared for up...

yet from my perspective, an overwhelming majority of the world's population is not in a place to front load their bitcoin investment and they are going to have to take time to build their bitcoin investment, which may take 10-20 years depending on their financial abilities and their abilities to attempt to be aggressive with their bitcoin investment, which many times may end up involving dollar cost average investing.