Quote from: Miles2006 on Today at 12:22:13 AM

Quote from: adultcrypto on July 25, 2024, 05:10:26 PM

Quote from: Lidger on July 25, 2024, 04:23:26 PM

Quote from: Tmoonz on July 18, 2024, 04:38:16 AM

Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.

We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.

I sincerely agree with you because I have seen the power of little actions done repeatedly and that is how big things are built. This can also be applied to bitcoin and this even make it easier and stress-free. The example of $50 per month which you use might seem very small but when this is done over several years, that is real wealth that is being created and might even be the highest saving the investor would have made.

When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.

This is right, waiting should not be considered as it’s an obstacle or rather a denial from accumulating bitcoin. For example let’s think beyond the example set, every investor is expected to invest with what’s available (discretionary income) so at that moment it might sound as little to someone else but the investor in question should continue investing, from my understanding there’s nothing little as long as the person is satisfied using such amount and continue accumulating using dca. 7 or 10 years is not an issue an investor can always surpass their target in essence continue investing just because you feel bitcoin investment is safe , I observed investors who invested earlier are lucky but it’ll be best newbies meeting the price now shouldn’t be discourage as most times people will wish they had invested earlier, it’s never too late not minding the amount set to start and it’s obvious a good management and cash flow will help.

Some investors got to bitcoin early, yet did not recognize what they had, so they end up selling way too much too soon, so instead of continuing to buy bitcoin and making sure that they are continuing to build their wealth, they see 2x, 5x, 10x or even higher levels of profits in dollars, so then they end up selling way too much too soon, and based on their own income, they are not able to accumulate nearly as many bitcoin as they previously had with anywhere close to the same amount that they had invested earlier.. .so yeah, maybe they will come around to buying bitcoin again, but it can become psychologically difficult to switch from an accumulator to a trader and then to get back into accumulating, becuase there may welll be a realization that BTC buys may well end up being made for way higher prices than the earlier sales.. so that causes psychological difficulties.

Another thing about the point of buying with whatever disposable income you have. Yes, sometimes it does not seem like a lot, but you cannot really do anything about that except maybe to try to increase your income or to decrease your expenses so that you can buy more, but there are likely practical real world limitations in regards to how much income can be increased or expenses can be cut... so you invest with what you got, and yeah, sometimes it can become quite amazing down the road to consider how many bitcoin were purchasable for relatively small amounts of fiat as compared to what the future might have in store in regards to future BTC prices. I specifically recall having a lot of financial cash flow troubles in 2015, and so I have mentioned this example several times, when I used to sometimes get very small extra cashflows that would come in like $20 or $50 or $100...

and so I already had my budget all lined up, so whenever I had the extra money come in, then I would use half of it to buy bitcoin, so you can imagine that if I had $100 come in, then I used $50 to buy bitcoin, and so since bitcoin spent a lot of time below $250 during 2015, I would end up getting right around 0.2 BTC for $50, and yeah, it did not seem that I was making very much progress when I made those kinds of purchases, so there woudl be ups and downs and frequently people telling me that I should sell whatever bitcoin I had accumulated, yet during 2015, my average cost per bitcoin was close to $600 per bitcoin in the beginning of the year, but I brought it down to close to $500 by the end of 2015, and the BTC price was still spending much of the time in 2015 below $250, so by the end of the year when the BTC price finally went up, it felt good to go from a long time in the negative to having my BTC holdings to finally be in the positive, and at the same time I had been continuing to buy bitcoin during that whole time in such a way that those prices did not end up returning. even though people were predicting that those lower prices would come back...so people were not even more positive about bitcoin back then, there was a lot of negativity, hostility and even apathy..

And, yeah even though each of us have our own unique journeys, there are quite a few of us (yeah a minority of the population) who stuck it out through those times and continued to buy within our means, and yeah maybe sometimes we did not buy enough also, because we were trying to make sure we had money if BTC price went down, so each of us had to decide how much BTC to buy based on our own finances and also considering how aggressive we might be able to be .. and the answer should have had been to attempt to be as aggressive as we are able to have without overdoing it and without screwing up our own finances and psychology in the event that the BTC price moves against us, which surely can happen.. and there are likely guys who started buying bitcoin in early 2021 and so maybe they bought a lot of BTC during 2021 at higher prices, so when the BTC prices corrected in 2022, they were left with a similar dilemma in regards to the extent to which they should or were able to continue buy bitcoin at that time, including maybe sometimes having feelings that you are running out of money and you ONLY have so much money to buy bitcoin whithout putting yourself into difficult financial and/or psychological circumstances.

Quote from: ultrloa on Today at 12:29:02 AM

Quote from: LFC_Bitcoin on July 25, 2024, 06:09:17 PM

Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.

Actually there's a news regarding reimbursement of Mt.gox to its creditor and this is pointed out the reason of the dump happening lately.

There's article article posted about this https://cointelegraph.com/news/why-is-bitcoin-price-down-today

But eventhough with those cases happening bitcoin manage to climbing at $66k as of this writing so that means even if there's negative news to spread people now are not affected much on that news circulating and people always think about bullish that's why bitcoin easily recovers.

All time high possibly would happen soon and hopefully we could able to see it reach at $100,000 on the timeline you said or if not maybe in next following month next year.

Frequently there are dumbass negative news hits on bitcoin to talk BTC holders out of their coins or to persuade others (perhaps low coiners and no coiners) not to buy bitcoin, so the only one they have to blame is themselves when they listen to those negative stories about bitcoin, especially anyone who might be without BTC, with low BTC or even who might be in their first BTC cycle when they should be focusing on building their BTC holdings rather than getting distracted by folks trying to talk you out of your coins or talk you into NOT buying BTC and/or acting in your own best financial interests.

Quote from: EarnOnVictor on Today at 03:03:48 AM

Quote from: Sim_card on July 24, 2024, 08:42:36 AM

Quote from: EarnOnVictor on July 24, 2024, 07:35:59 AM

Quote from: AirtelBuzz on July 23, 2024, 05:45:49 PM

Quote from: Kliss on July 21, 2024, 11:43:58 AM

Investing in Bitcoin is not risk free especially to investors who do not invest appropriately with the right approach and strategy, and also not sticking to their investment plans (long-term).

I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly.

I don't seem to see what you disagree about here, you guys are practically saying the same thing and that is the right mindset any reasonable investment should take to the market instead of believing the market is cheap to the point that it's risk-free simply because they are either experienced or investing with the long-term strategy. No strategy doesn't carry its own weight of risk, the only difference is that one is lesser than the other. Still, our preparedness matters here as nothing will shift easily if we do not exert the needed force and be wise in doing it.

Also, Investments are tougher in other assets I've known, but with Bitcoin and a few other altcoins, they are cheap, which is an advantage. With a little learning, one can start managerially, which is why I encourage everyone to always go for them and override the little risk involved with a bold mind and the right managerial calculations.

I will disagree with on this, are you trying to tell us to buy altcoins because they are cheap, I don't see any advantage that altcoins have because they don't last long in the market and they are like gambling. Newbies can be misled with your statement because of the way that you categorize bitcoin with altcoins. Investing in shitcoin is a very BIG risk.

Many of you guys here are hopeless, especially where @JayJuanGee often replies, perhaps you don't read but just reply or you want JayJuanGee to read what he likes so that he will continue to fetch you merits as usual. Unfortunately, he is falling for the bait not knowing that almost all of you are faking it, you only know his weakness for giving merits. If someone like you is investigated, one would be surprised that you have a huge arsenal of altcoins in your investment portfolio but you talked as if it was nothing to you, who is deceiving who? Well, that's your headache.

What baffled me most is that I was even so silent about altcoins and used "Bitcoin or altcoins" as investment opportunities but you emphasised it as if it was a big deal. You guys are really pathetic to think Bitcoin can survive in isolation, as if it's the only investment opportunity in the world. Anywhere altcoins, fiats, gold, etc are mentioned, you fake it and attack. How gullible are you to underrate the wisdom of investment diversification. I better waste my time on those who understand investment and not fake extremism like you.

There is no problem with you believing that you have better ideas regarding investments and even diversification into shitcoins and/or other assets, but why would you need to propagate those ideas in this thread and/or other threads that are bitcoin focused.

Yes, surely there are likely members who are holding more shitcoins than they are willing to admit, yet it still seesm right that they would not talk about that in this thread, since this is not a general investment thread, so maybe you are either in the wrong thread or you can find threads on that topic.... or maybe create your own thread that discusses the supposed values of diversification into shitcoins.

Some of those diversification guys are potentially doing o.k. with their choice to diversify, yet I still would not presume that diversification is better when it comes to some folks who might even be new to investing, so getting into shitcoins is likely also a learned skill, just like trading is a learned skill, and likely an overwhelming majority of the shitcoiners are doing way worse than if they were to focus on merely building their bitcoin and cash holdings and potentially considering if they might add shitcoins after the have already built up their bitcoin holdings, which also might bring them to the realization that they likely are going to end up worsifying their investments if they diversify into shitcoins.. slo the answers are not obvious, even if they were on-toppic in this thread, which they aren't on topic in this thread...so in that sense , you might be attempting to lure us in to some extent of off-topicness, and then when do we stop?

There are 20k shitcoins (probably more, but let's just round it off), and then we end up in stupid-ass discussions of which shitcoins are less shitty and is that really going to get us anywhere when we are attempting to focus on bitcoin, and yeah surely there are some guys who have some shitcoins in their investment portfolios.. and so what, and whether they have enough or too many shitcoins in their investment portfolios is their own choice, but still not relevant to talking about those kinds of considerations in this thread.. so likely better to just either not talk about shitcoins here or to bash on shitcoins (whether true or not) so that we can at least attempt to stay somewhat focused on the topic of this thread, which is bitcoin. What's wrong with that? Aren't there enough places to discuss shitcoins or maybe to establish your own tailorized thread that balances what you believe to be a kind of diversified way of thinking about the topic, to the extent that is helpful to anyone.. where do those threads go? They are probably lacking in focus, but if you have a few smarter folks in there (maybe even creating a self-moderated thread?), you might be able to keep it going in some kind of a productive and/or interesting way to the extent that there are some forum members who are interested in those kinds of topics (they might love gambling, adventure, and a lot of the excitement that might go with trying to figure out which shitcoins are less shitty and getting in and out and making their lil selfies richie.. in theory).