Post
Topic
Board Speculation
Re: Road to 100k?
by
WhoYouCantKill
on 04/07/2024, 13:23:28 UTC
Continue to maintain the Bitcoin that we already have even though the conditions have become a little different from before, because the price increase will return to Bitcoin even though currently there is a little price stability between the range of $60K to $61K more. And to expect $100K in Bitcoin, it seems like you still need a little patience for Bitcoin holders and for those who are having difficulty with the current drop in Bitcoin prices, there is no need to panic because the potential price increase in Bitcoin could still occur this year.
The 100k speculation even if achieved is not enough reason for any low coiner to ever think of selling their investment, instead of panicking for any drop in price of Bitcoin is better you take advantage of it to buy more
Bitcoin at a more cheaper price, in the early part of this year, Bitcoin was at 40$, 45$, so seeing it at what it is today for me Bitcoin is doing pretty well and I don't see any reason or what so ever that worth panicking especially considering long term investment plan.
As I mentioned in my other post, you seem to be using the term "lowcoiner" in a strange way.  A low coiner should be considered more as a derogatory for someone who is not trying very hard to accumulate BTC, so the mere fact that you don't have enough does not make you a low coiner, at least from my way of seeing the term...even though literally, you are not incorrect... but still.. it seems strange to call someone a low coiner who might be being as aggressive as he is able to be, since you can ONLY accumulate as quickly as you can, you cannot do it any faster, without either gambling or putting too much risk into your situation.
Thanks alot for the more clarifications, indeed you are an eye opener you have opened my eyes and I can see a more clearer picture of what you are saying and considering the fact that it has always been your interest that we get the best out of what we are doing or saying, you are a good shepherd must say and I completely agree with you are saying, yeah calling someone who started his Bitcoin investment journey not quite long a low coiner isn't just because he is having but little quantity of Bitcoin isn't right as it can make  the person to become overly aggressive such that it will affect his other living expenses
Mean while there is nothing can be more important as accumulating your Bitcoin comfortably without seeing it as a burden perhaps time is also needed in order to realize a good size of Bitcoin considering the income flow, hence every investor should only make that investment decision that will suits him without any form gambling or putting too much risk in to their situations. Thanks for the clarifications sir.

For sure any of us could come to disagree and even argue about these kinds of terms since literally you are not incorrect in terms of the low coiner idea, but I surely prefer to use that term as a kind of denigration in terms of describing someone who is purposefully holding back on  BTC investing due to either not believing in bitcoin or being overly whimpy.

Sure, there can be BTC accumulators and guys who are new to bitcoin who choose to be more whimpy and/or conservative in their bitcoin accumulation, but I still would not label them as a low coiner, unless they were purposefully holding back on their bitcoin accumulation due to lack of belief or maybe some other reason that they are not believing in investing into bitcoin.

Like you mentioned, each of us needs to freely choose and/or figure out our level of aggressiveness, and none of us should be pressured into accumulating more quickly or less quickly than we believe to be in our own interests, and sure some of us are going to end up getting those kinds of preferences wrong.

We could also characterize a no coiner as either being lazy when it comes to bitcoin or maybe even against bitcoin, and so some no coiners might be somewhat innocent in their failure to get started with bitcoin, and so in that sense we could differentiate the no coiner from the precoiner, since the precoiner may well end up acting to get a bitcoin position and is not hostile or negative about bitcoin.
I completely agree with your idea and want to note that I like the shade of colours you used in this discussion. Your classification of people into low-coiners, no-coiners, and precoiners, re-emphasises the differences in perception and behaviour people have towards the use of BTC for investment.

Your approach of defining “low coiner” as a person that consciously refrains from investing in Bitcoin, let alone placing a bet on it, because of a lack of belief or too much prudence is quite perceptive. What it means is that investment decisions are always made based on the beliefs that people hold, the appetite for risk that they have, and their financial objectives. At the same time, with your distinction between ‘no-coiners’ and ‘pre-coiners,’ you emphasize the role that knowledge and schooling play in people’s choices concerning their investments.

This is the significance we glean about financial literacy and awareness from contrasting “no coiners” who possibly not active or even skeptical about Bitcoin to “precoiners” who could be willing to learn and possibly invest. Thus, by identifying these differences, it becomes possible to promote rational reasoning and non-judgmental communication between people with different approaches to investing.

Lastly, with your insightful input, the persuasiveness of balancing conservatism and flexibility is underlined due to variation and appreciation of people’s distinct investment style, threshold of risk, and achievable budget. It fosters an educational approach where people can get to understand and decide whether to invest in Bitcoin, adheres to practices that people conduct research and supports users’ reasonability by acknowledging their opinion.