Quote from: Sim_card on Today at 11:10:18 AM

Quote from: JayJuanGee on September 17, 2024, 07:05:31 PM

From when did you miss out on investing into BTC, Sim_card? And from when did you start getting serious? or more serious about investing into bitcoin?

Ahh..JJG, you are very early to bitcoin since you started your investment journey since 2013. I first heard about bitcoin 2017 and in 2018, I decided to know about bitcoin and I made research but couldn't get any encouraging information on how to go about my bitcoin investment because I never knew that I could start with very little amount. I got discouraged when I thought it was only through trading one can make profit from bitcoin because I know that it will be very complex and how will I go about it since I was working, so I erased the passion of knowing more about bitcoin or how to have bitcoin from my head because at that time down here in my country, it was difficult to know how to go about buying bitcoin.

hahahahaha.. Surely a lot of people have those kinds of erroneous thoughts, and really cannot really blame you for thinking like that, and surely each of us have had those kinds of mistakes in our thinking, and frequently we cannot realize the mistakes while we are making such mistakes. Surely one of the great things is after we learn from our mistakes, then we become way more enlightened to not ONLY see a better direction, yet to see why we had been thinking wrongly in previous times, including abilities to empathize with others who may well be going through similar kinds of erroneous thinking. Another thing many of us likely realize that we have to come to some of that enlightenment through our own passage of time, and sometimes it might help for others to show us how we are going wrong in our thinking, yet each of us still has to be ready, willing and able to accept such information... and perhaps also to change our practices, which surely is part of the power of DCA in terms of our changing our practices ends up changing our previous erroneous ways of thinking about how investments tend to work.

Quote from: Sim_card on Today at 11:10:18 AM

In 2019, a friend of mine introduced me into altcoins but I told him that I needed bitcoin if possible and he deceived me that all cryptocurrency are the same and I fell for it and run at loss after the project crashed. It was in 2021, during the bull run that I got more attracted to bitcoin and made all necessary researches which through someone I understand how to buy bitcoin and I bought my first bitcoin then but couldn't hodli because I lack the proper knowledge on how to go about my bitcoin investment journey.

Wow!!!.. you have several examples of learning experiences.. which I suppose that the more examples that you have the more you would have had learned along the way (hopefully learning the right things), and surely sometimes it can take a while to figure things out, since sometimes we will end up investing through poor sources of information, end up building up bad habits, and then psychologically we might have trouble getting out of those situations based on some psychological problems, such as sunk cost fallacies or even overwhelming desires to try to make up for our previous mistakes, which tend to be forms of gambling practices that are not so likely to work out well.

I understand and accept that we have to try to learn from our own experiences, but yeah, we can sometimes end up with problematic mental frameworks, and Bitcoin is risky enough.. Adding on other kinds of risks that come with shitcoins that might be somewhat reliant on bitcoin's performance for them to perform, and we might never really know how or when to get out of such shitcoins, even though the scammers who are building and/or promoting those shitcoins might have better information regarding when to get in and/or out of them.

Quote from: Sim_card on Today at 11:10:18 AM

Quote from: JayJuanGee on September 17, 2024, 07:05:31 PM

And from when did you start getting serious? or more serious about investing into bitcoin?

Becoming a member in this forum has really helped me a lot in my bitcoin investment especially this thread because I was able to learn a lot from you and other regular posters on this thread and I am pleased with the quantity of bitcoin that I have accumulated since then till date, and I am still accumulating regularly every week which I intend to keep doing for a very long time. I started buying bitcoin at $21k price in late January 2023.

I am happy that I am using the DCA method because there is power in it because it is small but mighty overtime.

It seems that each of us are constantly learning, even though surely we can likely see points in which we have greater improvements, and still getting through a whole cycle is likely going to continue to contribute to your learnings. I frequently tell people that they are mostly spoiled if they come into bitcoin and the trend has mostly been up (which has been the case since early 2023), so figuring out how to get through a crash (if one comes in a cyclic basis) will be part of the challenge to figure out if you have some kinds of systems in place in order to make it through such crash.. .. but yeah getting through a whole cycle and including a crash may well put us at a cycle and a half, to see where your situation might be in 2028 and/or 2029... and yeah you likely may well also be wanting to assess where you are at in the beginning of 2027 too.. Of course we don't know where bitcoin is going to be for sure at any of those points of time either, even though we might hypothesize that the trend should continue to be upwards, even though there may well be a decent number of trying times (of ups and downs) within the whole process.