Quote from: Marvelockg on Today at 11:57:44 AM

Quote from: JayJuanGee on Today at 09:28:59 AM

I doubt that it is very realistic to look at the past, pick a price and then just assume that a person would just buy lump sum and sit on their BTC until now.

There are more realistic scenarios.
Also, I doubt it is even productive to compare yourself to someone else, unless maybe you might be comparing one version of yourself to another version of yourself.

the very concept of looking at past Bitcoin price with a sense of regret of not buying earlier enough or a thought that if you had bought Bitcoin at the time it was at a certain price, you would have been in a certain percentage of profit is a mediocre way of reasoning because in the end, it's all imagination that doesn't translet to any change in the quantity of Bitcoin you now have in your portfolio.

If you've known Bitcoin at the time it's at $500 and even had the resource to buy it, chances are that if you're skeptical at the present that you wouldn't have brought even in that past.

I largely agree with everything that you say, except I would like to clarify that there is a bit fantasy when thoughts are not accompanied by action, and so the mere fact of potentially being ignorant about bitcoin in the past, the mere act of buying some bitcoin in the past at $500 all of a sudden activates certain channels of the mind, and sure whether the mind was yet ready for the change or not, the whole course of history of the person's mind ends up changing from the action... and so sure we can go back and imagine how we personally might have been changed by such different course of action, yet somehow we still have to figure out ways to attempt to tether those fantasies and imaginations to current reality rather than just fantasizing about what could have had been when we are not able to turn back the clock.

Sure we all likely do some of that back filling of our thoughts about what could have had been, and so much there are several of us who continue to emphasize actions and ongoing continuous actions, and perhaps it is like going to a kind of church where we have to repeat and emphasize our beliefs over and over or else we run the risk of falling off of the path of what we are and what we could be.

Quote from: Marvelockg on Today at 11:57:44 AM

The past have gone and whatever decision you didn't make at the time should not feel ones mind in place of planning for what lies ahead of us in the future.

Instead of talking about past possibility that's already gone, it's best to concentrate on the present in anticipation of the future potentials of Bitcoin and how well we can be positioned ahead for it.

I will suggest that what made @Jewan420's post/comment even worse is that he was referring to others and fantasizing a comparison of someone else who bought in 2013 as compared with someone else who did not buy in 2013.. and sure there can be some decently good applications of such thought exercises, but from my perspective, the mere fantasizing about them in a vacuum just comes off within quite a bit of missing context.... .. and yeah, we have guys creating threads about these kinds of regrets.. which surely could be O.k. topics if they are potentially put within a context... ... which most likely Jewan420 is implying the context which could be ambiguous and misleading instead of outright saying what he would like the context to be.

I have participated in several of those kinds of threads in which guys are regretting and blah blah blah (and gosh I have met quite a few people like that in the real world too), and so frequently I suggest that it is not too late and to get started and ideas like that... and surely, it becomes difficult for people to act sometimes.. and maybe we can imagine that Jewan420 is not so out of touch as to be failing to act, but still we cannot really know if he is raising such ideas in what ONLY appears to be an envious way that really tends to be counter productive and may not even inspire anyone to act, but instead to fantasize about past potential outcomes that could have had been achieved.

Sometimes that actions don't even need to be that dramatic. Many times we might meet people in life an their life is a wreck.. .. and surely maybe we might suggest that maybe they could just start taking one college class at a time or maybe they can do x, y or z or maybe they can just start buying $10 of bitcoin per week.. and sure we could even recognize that they have an ability to buy $100 per week, but we want to help them to just establish for themselves small and reachable goals, so it seems that $10 per week should be more than manageable and will likely lead to better circumstances if it is just followed, but sometimes there are people who just seem incapable of getting themselves out of their own wreck.

Quote from: Marvelockg on Today at 11:57:44 AM

We've seen a remarkable change in Bitcoin price from last week down to this point and that's relatively a small span of time if you're considering investing for the long term. In the future, the likelihood of Bitcoin going above $500k is eminent and because of that, it's only best to use this period to DCA upwards to that point instead of lamenting on what's already in the past.

Even though you put qualifiers in your statement, and surely you are likely correct that we could go above $500k this cycle... or maybe it is next cycle.. but whatever, guys do have to get off of their asses, otherwise they are just whining the rest of their lives...and surely there are differing levels of tragedies for a young person to fail to act versus an old person, so there can be quite a variety of complexities involving timeline and how much disposable income that they might have, but then also there can be several kinds of difficulties that involve learning about bitcoin, so surely people have to just start at their level in regards to potentially starting out with some kind of price exposure and then building from where they are at and hopefully the getting of BTC price exposure leads to motivation to learn about bitcoin whether it is 4 hours per week or some other quantity of time to fit in the learning while continuing to invest into bitcoin. Many of us who have spent time learning about bitcoin likely realize that the earlier that anyone learns about bitcoin (and likely includes actively buying it, even if small amounts) the better that the person is going to end up being, yet there still seems to be a lot of front running of bitcoin that is coming from non-retail segments, and surely any of us who got in earlier were also able to front run some of the BIG money that is currently coming to bitcoin, yet the BIG money is going to continue and continue, which should create incentives for normies to get into bitcoin rather than such a large and overwhelming majority wrongly concluding that they are too late yet their situation of being too late is ONLY going to get worse rather than getting better if they cannot snap out of their wrong ongoing perceptions of being too late.

Quote from: Cryptoprincess101 on Today at 06:06:40 PM

Quote from: Greyhats on November 15, 2024, 07:10:28 PM

was thinking we should create a new thread called, "buy the RIP, and HODL!"

You really made me laugh so hard.
Actually, you are trying to put it in respect to a procrastinator who is always feeling that the price didn't DIP enough to buy and since the price has gotten this high, such people will still feel that now is not a DIP price to buy till maybe they see the price get to $1million that's when they will probably reflect back and see how foolish they have become for not buying the DIP when they got the opportunity to, but they kept feeling that the price was way too high for them to buy.

One funny (and potentially ironic) thing is that there truly are people who wait until the confirmation of the upswing in the price before they buy, and sure maybe some of those folks are just trader mindset, since it seems difficult to understand why to engage in that kind of thinking with the kinds of assets that have been confirmed to have fundamental value, such as bitcoin... since in a lot of senses, it does not even matter when you start to buy bitcoin, except maybe just buying bitcoin as soon as you find out about it, so long as you determined that you are buying bitcoin with your discretionary income.

Quote from: Cryptoprincess101 on Today at 06:06:40 PM

Bitcoin is still in it's developing stages, so i see no reason why someone will feel that bitcoin is too expensive for them to buy and HODL.

Not really development.. but early adoption that is ongoingly building as awareness increases and price increases, the whole network becomes more and more valuable which contributes to the price continuing to go up.., so in that sense, the early stages like we are still in continues to have prices way smaller than what it going to be as it is continuing to be expanded.. .. yeah, maybe we have 1% adoption and even a lot of the current adopters may not even realize their level of being low coiners.

Quote from: Cryptoprincess101 on Today at 06:06:40 PM

The reason why some persons feel that bitcoin is too high could be basically because they have short term target and feels that if the price falls that they will incur losses when they sell out of panic that is why a long term bitcoin investor don't care about the price point they bought because he surely knows that the price of bitcoin will increase in the long run more than the price he bought with.

You are correct that loss aversion is a real thing that causes a lot of people to either not buy, to sell too much too soon or even to not buy even close to enough (to remain whimpy in their buying of BTC. Another thing is that even though it is not guaranteed that the BTC price will go up, anyone should still be able to pick a level of BTC purchasing aggressiveness that still prepares him for the possibility that it might not go up, yet at the same time, making sure that he is sufficiently aggressive in his BTC investment.. and yeah to learn along the way, too, if he does not really feel that he sufficiently understands bitcoin beyond the number go up thesis.. sure there are plenty of guys who ONLY know about bitcoin's number go up investment thesis and it takes a while to learn better about why the number go up thesis actually has various other fundamentals behind it.