Quote from: Agbamoni on Today at 03:17:52 PM

Quote from: I_Anime on Today at 12:35:17 PM

The month October or should I say uptober Cool

effect is already on display Bitcoin recent price range is around 65k and I believe that is just the beginning, one of the wrong decision to make now is selling your Bitcoin due to the recent increase in price .

Rather focus one building yah investment more by accumulating as much as you can , because those that sold their Bitcoin early are already regretting so to be among such party . Anytime I see bitcoin prices increasing its always motivate.me to keep accumulating and increasing my stashes, hope you feeling same way too.

Shout out to those that keep HODLing . Grin

Quote from: Frankolala on October 14, 2024, 04:30:35 PM

That doesn't mean that you should stop buying bitcoin now that we are expecting the price to shoot above 70k, if you have not reached your bitcoin target because you will limit yourself the opportunity to increase you bitcoin investment and you will regret it later. The price of $65k is still cheap for you to continue accumulating because in future, we will not see this price and a lot of people will be saying that investors who bought at $65k are lucky, just as we are saying to those who bought bitcoin at $100

That's it , bitcoin is still cheap now you don't have to keep waiting for Bitcoin to dip to a certain amount of price before you can Start accumulating, if you keep waiting you may endup purchasing bitcoin at a price range that's far higher than this recent one . So grab the opportunity you have now and start accumulating, is not necessary you have to start with larger quantities of bitcoin you can even choose to start with the amount as low as $10 and with consistency, you would be able to build something nice .

I like your input. The rising prices shouldn't be a criteria to stop accumulation and watch the price keep going up. Rather it should be enticing to motivate us into buying more .

Part of the problem and dilemma for the newbie bitcoin investor is that they do not have a choice except to buy if they are wanting to be prepared for UP prices that might happen. Waiting does not prepare the newbie and/or the low coiner for UP.

I doubt that it should be important for any newbie to give too many shits if they are reinforcing the value of bitcoin or getting confirmation of the value of bitcoin, even though surely even newbies get excited when the BTC price goes up, even though they might not have even close to enough bitcoin, especially if they are new and also many people are ONLY capable of investing small amounts each week, so it tends to take a long time for them to accumulate a decently good sized bitcoin position, so those folks who don't have a large budget would most likely be more advantaged if the BTC price did not go up so much prior to their exercising their abilities to buy bitcoin, yet bitcoin does not stop for anyone, so newbies are still stuck with the dilemma of having to buy on the way up, which they might have had been better buying on the way down, yet the BTC price may well not go down, so it is likely better to buy and continue to buy rather than to wait for down that might not end up happening... also ongoing buying likely puts them into a better mindset, especially if they expect that they are going to be buying for at least one whole cycle and perhaps even a couple of cycles before the might start to be able to feel that they can start to slow down in their BTC accumulation practices and process.

Quote from: Agbamoni on Today at 03:17:52 PM

This is the part of the long term growth potential. Rising prices create positive energy and momentum to attract more investors. So we shouldn't be left out in the list of investor who are buying more and more. Also, Bitcoin keeps going higher in the long term and it attracts main stream with time, its value will continue to keep rising making it seem like a good time to invest more into it.

One of the potential disadvantages for normie newbies is that they are ONLY able to accumulate BTC at their own pace and within their budgets, and so in recent times, there are more and more folks who are buying up large quantities of bitcoin which is going to disadvantage normie newbies who fail/refuse to get started and/or fail/refuse to be somewhat aggressive in their BTC accumulation practices. An overwhelming quantity of the world's population - perhaps even in the ballpark of 99% do not realize that they are being disadvantaged by their failure/refusal to get started in accumulating bitcoin, and so those who are not accumulating now with persistence and consistency are likely going to be disadvantaged in the future, and surely there are quite a few people who are not going to even be coming to bitcoin this cycle so they might well be just getting started 4-8 years later, so those of us who have either been accumulating and/or mostly holding onto our BTC are going to be advantaged by either starting now or continuing to accumulate and/or hold onto the BTC that we already accumulated now.

Quote from: YUriy1991 on Today at 04:06:05 PM

Quote from: Agbamoni on Today at 03:17:52 PM

I like your input. The rising prices shouldn't be a criteria to stop accumulation and watch the price keep going up. Rather it should be enticing to motivate us into buying more . This is the part of the long term growth potential. Rising prices create positive energy and momentum to attract more investors. So we shouldn't be left out in the list of investor who are buying more and more. Also, Bitcoin keeps going higher in the long term and it attracts main stream with time, its value will continue to keep rising making it seem like a good time to invest more into it.

Of course BTC is getting more and more attractive in price and makes people keep coming to buy it. I think what you said is appropriate where growth and price increases are also one of the encouragements for us not to be late in increasing our BTC asset ownership per time.

Surely bitcoin has some attributes of a Veblen good, which means that it becomes more attractive to buy the higher its price goes.

Quote from: YUriy1991 on Today at 04:06:05 PM

It's just that for those who like trading and short-term play, it might be a bit troublesome to monitor the graph where price reversals are very vulnerable to occur at any time like now Grin

, even though the increase is still normal and not too significant.

It is dumb to be trading such a valuable asset like bitcoin, especially if you have goals to accumulate more of it rather than getting dollars that may or may not even hold their value.. Of course, we already know that dollars do not hold their value as well as bitcoin, even though in the short term it can be a bit confusing as to which one might be more favorable to hold in the short-term.. .yet at the same time, part of the rationale to not get caught up in short-term thinking in regards to bitcoin is to perhaps recognize some bitcoin attributes that cause it to be amongst the best (and actually probably the best) of the long term storages of value, sound money and/or the one that is not going to depreciate in value especially over the longer time frames, but hey whatever people are going to do what they are going to do when it comes to trading the most pristine asset so far known to man.