Quote from: DubemIfedigbo001 on Today at 02:18:06 PM

Quote from: Ambatman on November 13, 2024, 04:44:09 PM

Buying Now is FOMO and any correction and they will sell.
A person that starts now is in for quick profit and could get burnt Incase of a correction.
Recall how many were advice to buy during our $50's because we may never see them again.

You need to understand that some people just made up their mind recently and started their accumulation journey and not everybody that started buying bitcoin now is a trader and is aiming for quick profit. Some people are still starting their accumulation journey with the right mindset and on a long-term plan even now and you would agree with me that it is not too late since bitcoin still got its potentials.

Advising somebody to do something right still needs the person to be convinced within himself that he is moving in the right direction, it is very possible that those you advised then were not convinced even after their research and only now that the price of bitcoin appreciated did they reach a conclusion that they would invest and they are still on the right track, although their investment would not be as profitable as those who invested in $50k or below, but they would still be better off than those who would join at $100k or more and if they remain consistent with their accumulation journey, they are still going to secure their financial future just like everybody else that has made this right decision to invest in bitcoin

Yep. that is the funny thing about the whole price versus time thing, and since many people do not have lump sums that they can invest (even if they do have a lot of capital, many, if not most, people do not want to divert their already existing capital), they still tend to take time to establish a position, even if they are being aggressive.. so perhaps maybe their regular budget allows them to invest $100 per week, but then they see an urgency towards getting into something like bitcoin, so the reprioritize their investments towards bitcoin and perhaps maybe over 6 months they might be able to divert some of their resources, and then maybe they are able to invest at $1k per week for 6 months before they revert back to their normal and/or sustainable budget of $100 per week.

I would label that kind of behavior as front loading, and surely front loading can take place, and it can be a bit risky if the BTC price goes down instead of up, yet front running will tend to pay off quite well if the BTC price goes up rather than down... so then even if the person might still not be selling any bitcoin for 4-10 years or longer, they still continue to accumulate at $100 per week, yet they still feel good that they were able to get some amount of a front-loaded amount into their BTC investment at lower prices, so still I would still consider that to be more of a product of time rather than price, even though surely any of us can appreciate the value of buying BTC at lower prices, we just cannot really know for sure, unless the BTC price is already dipping whether we are getting a good price and even if the BTC price is going up, we can really have no assurance that the BTC price is going to dip at a later date..

so many times establishing a position can take time and it can be a bit stressful, yet it still seems that ongoing acting to buy is a way better strategy than waiting, even if your entry price might end up being a bit higher than it might have had otherwise had been.. but there should be a bit of satisfaction to being in rather than fucking around waiting and then risking not being in when you well should have had gotten in.. and you should have had acted rather than waiting.. and the same is true right now.. It seems better to act rather than wait, but people still get nervous to buy BTC when the price is going up.. which truely had a lot of occassions in which people have failed/refused to established a BTC position because of their inability or unwillingness to actually act.