Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Cryptoprincess101
on 15/10/2024, 21:59:11 UTC
⭐ Merited by JayJuanGee (1)
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. 

Definitely newbies are just expected to buy at any price they meet the market and since they are new to the market they might not really care about waiting for the price to drop a little bit before they start buying except when they are being persuaded by someone about waiting for the price to fall before buying if not there's no option for a newbie than to start buying immediately.

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.

I can recall vividly on when i invested a little amount in bitcoin and the price of bitcoin started skyrocketing i was so excited when my bitcoins started increasing not until the price fell that i started feeling bad so they are just mentality of a newbie because they feel as they have bought some bitcoins that the price should keep skyrocketing without going the other way round. Just like you said earlier, a newbie don't have any choice yet because whether the price is high or not they will buy at least own some bitcoins before they start getting acquainted to ow the market works. A newbie deciding to accumulate for a whole cycle or more than depends on how much they have been able to accumulate within those years so it will enable them to evaluate their level of accumulation if they can still buy more