Quote from: JayJuanGee on Today at 01:06:41 PM

Quote from: SuperBitMan on August 21, 2024, 10:07:20 PM

Quote from: JayJuanGee on August 21, 2024, 07:10:56 PM

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I have read your point and i think i now see were you are coming from and what you are saying and i think i agree with you now, however the risk in Bitcoin investment is very low and i don't see the little risk as something that will scare anyone.

Managing risks is not an all or nothing proposition.

You manage risk with balance, and you are never going to completely get it right, so when we are specifically referring to bitcoin, you can have balance in terms of how you manage your cashflow and also in terms of how you buy bitcoin and how much you allocate to it.

I have historically said that everyone should have some allocation to bitcoin, and to attempt to be as aggressive as they are able to be without overdoing it.

Part of the problem with some people is that they do not have any disposable income, so they should not be investing in bitcoin with money, even though maybe they can learn about it and maybe they can try to figure out ways to increase their disposable income by increasing their income and/or cutting their expenses. Those are individual choices and balances they each of us have to make and we should be accounting for risks realistically and not exaggerating in either direction...otherwise we are going to become more likely to get reckt more than necessary.

Quote from: SuperBitMan on August 21, 2024, 10:07:20 PM

Bitcoin has a bright future and one of the best investment right now in the world and the best crypto coin, and from how things are going many countries will start accepting Bitcoin as a means of payment, with the way things are going Bitcoin investment is the best investment and those that have already started accumulating and holding it will never regret taking such decision in 10 to 20 years to come.

People still have to figure out a balance in terms of how they get into bitcoin and how to secure it and various ways to fit bitcoin into their lives. I have no problem with the idea of getting started in bitcoin as soon as possible, but still if someone does not have disposable income then they have to work on that first, and also sometimes people have to work on buiiding their skills, experiences and networks, so they would likely not be able to accumulate bitcoin with all of their resources if they are needing to build their employment skills.

Even a person who already has good income and good employment skills, there is a need for balancing in terms of how much bitcoin to get, including how much aggressiveness and deferred gratification is necessary in order to attempt to be practical and prudent in his bitcoin accumulation journey.

Exactly, most persons don't understand this and some people venture into investment because of influence of friend(s), because they heard someone talking about Bitcoin investment ( how much they have made or how they are going to make profit) etc they allow all these swift them off their feet without even having a second thought about it or check if there friends have other source of income that is making them accumulating without touching or complaining of money to sort out some stuffs.