Quote from: sotelorene on Today at 04:00:33 PM

Quote from: Cryptoprincess101 on Today at 09:22:16 AM

[edited out]

In as much as Bitcoin is a very nice investment and has proven itself for some years doesn't mean that anyone who has the awareness of it should invest I mean everyone has choice of investment and there are other investment that are very nice and promising.
Below are the reasons why I think some people don't want to invest in Bitcoin.

1. Lack of understanding: there are people who still see Bitcoin as scam till today reason because they mistake trading ( loss and gain) to Bitcoin investment.
2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...
3. Lack of interest: there are people who has the fund I mean a good source of income but they are not interested in Bitcoin investment.

In the end, there needs to also be a sufficient quantity of motivation to act.. ... so even if all of these three were satisfied, there has to be action... which is starting to buy, which may also require some setting up of accounts and/or finding ways to facilitate their BTC buys.

Quote from: tiCeR on Today at 06:33:33 PM

Quote from: sotelorene on Today at 04:00:33 PM

[edited out]

I would argue that there are some assets everyone should at least own something of. The difference between real estate and bitcoin is that the latter has more use cases, can be turned into cash much quicker if for some reason needed and the best part is that you can own it in small fractions.

When I read your above sentence that" "there are some assets everyone should at least own something of," I was wondering what might be the "assets" that anyone needs to own besides bitcoin and cash.

Of course, as your investment portfolio grows, then there might be some need, want or preference to diversify the portfolio beyond bitcoin and cash, yet there is no reason that anyone needs to hold any other assets in the beginning of his investment journey.

Quote from: tiCeR on Today at 06:33:33 PM

If someone tells you that owning a house is as important, then firstly I don't know whether that is true, and secondly you usually can't own fractions.

Bitcoin is very different in that regard because why not just own a million satoshis? Or 100,000 satoshis if you can't afford more? It is also very different because the housing market is mature so to say. It would be nice to own a house because it saves you rent, but this is by no means always the optimal solution. Look what's happening in China, they built too many houses and are now in huge trouble. Yes, too many houses! I know there are a lot of countries where there is not enough housing and therefore rents explode, but in China the rent is about 25% or that in the USA.

The chance that your house makes you 100% gain in the next five years is much lower than bitcoin making you 100%. And a house often times ties up all your resources.

Surely housing has a lot of costs associated with it, which is going to vary from jurisdiction to jurisdiction.

Quote from: tiCeR on Today at 06:33:33 PM

As I said you can own bitcoin in fractions and you are all set. Many people think they need a whole BTC, but there is no need for it and isn't possible either as there is only 21 million, meaning that only 0.25% of the world's population could own a whole BTC. Just do the math and think about how many people already own a good bunch of BTC. If bitcoin keeps expanding throughout the future, some folks might be very happy about owning 1/10th of a BTC.

Frequently we suggest to get as many bitcoin as you can without overdoing it in such a way that you are going to cause yourself to lose your bitcoin prior to your wanting to use it... but, yeah anyone new to bitcoin or even within his own whole first cycle of BTC accumulation might want to figure out ways to accumulate as much as he can, which might even require figuring out ways to increase discretionary income, and yeah we know that there are guys who don't have very much discretionary income, and there may well be needs that they invest in their own skills and experiences so that they can increase their discretionary income. Not easy for some people, yet still important for any guys who know about bitcoin to at least be attempting to take some actions to accumulate whatever quantity of bitcoin they are able to accumulate, and surely even 0.1BTC is already going to be quite difficult for some guys and might even take 3-5 years or more of ongoing, persistent and consistent BTC accumulation to even be able to come close to accumulating even those fractional levels of a bitcoin, and sure it is not a big deal, as you mentioned tiCeR, since everyone and anyone can concentrate on accumulating even fractions of a bitcoin and focus on satoshis, so maybe first work up to getting 100k sastoshis, then 200k then 500k then 1 million then 2 million then 5 milllion, then 10 million and etc etc.. . maybe whatever progress is reasonable and practical.

Quote from: Stable090 on Today at 08:30:28 PM

Quote from: SuperBitMan on August 29, 2024, 07:19:51 AM

If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin.

Lots of people knew about bitcoin at the early stage, but they never believed in it, they were thinking bitcoin would die, they never expected such an incredible performance from bitcoin, so they never invested in it, but they now regret why they didn’t invest in it at their early stage. Some people refuse to invest in bitcoin currently, just because they think the bitcoin price is too high, and they believe if they invest, they won’t be able to make much profit. I'm sure people like that will be surprised in the near future, and they're going to regret why they didn’t invest now.

The question never goes away and the feeling of being too late also never goes away, especially for the no coiners and low coiners who are failing refusing to act.

Many of us started in bitcoin and feeling that we were too late, yet after many of us spent one to two cycles accumulating and/or attempting to maintain our BTC stashes, then after a while we might well no longer feel that we were too late, even though surely there can still be regrets about not buying more earlier, yet if we are continuously investing into bitcoin in fairly aggressive ways, then it becomes quite a bit more difficult to become regretful about any potential overly whimpiness in the earlier parts of our BTC accumulation journey.