Quote from: DaNNy001 on Today at 08:23:06 PM

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Quote from: Agbamoni on November 16, 2024, 05:50:10 PM

I agree with what you just said. Regret is just a feeling of sadness and disappointment, but we can channel that pain into building our Bitcoin portfolio. Whatever has happened in the past has been done, we can't change it, but we can change what may happen in the future if we take a good approach now. It is in our hands whether we will regret it later in the future or not.

As for me, I have zero regrets. The only thing I felt sad about was that I didn't know about Bitcoin earlier. If I had known about it, trust me my portfolio would be reading millions of dollars through mining and earning because I had a keen interest in technology at that time. Good thing i can afford to buy with my DCA now. What's more important now is the accumulation stage i am in. Later in the future we will all be happy and that feeling of regret will never be known to us again.

I used to regret why I didn't start my bitcoin accumulation journey a long time ago, but we must not allow that to weigh us down in being consistent in accumulating bitcoin because we didn't know about bitcoin earlier and we can't undo the past, so we should move on and put the past behind. What our concern should be now is how we are going to accumulate the quantity of bitcoin we want to hold for the long term in a way that it will not stop us from sorting out our daily expenses. We are still early in accumulating bitcoin; if we are consistent enough in accumulating bitcoin, we will make up for the past we missed accumulating bitcoin and also avoid any regret in the future.

It was unfortunate for those of us who didn't invest in Bitcoin when we had the opportunity, but since there is no benefit of regretting about the fact, we need to hold Bitcoin from this point rather than wasting our time. Even though most of the people in the world have heard the name of Bitcoin, they have not started investing. That's why if you consider the current time as another opportunity and collect bitcoins according to your own ability, then after a certain time it is definitely possible to create a large portfolio of bitcoins. Especially if the DCA strategy can be sustained for a long period of 4-10 years then it is definitely possible to expect significant returns from Bitcoin. It may not be possible to get back the opportunity that we missed in the past, but if we consider the future and focus on Bitcoin accumulation from now, then at some point we will be able to get that opportunity back again.

There are people who regret for not investing in Bitcoin when it was very affordable and some said they can't afford to miss such opportunity again in their life but yet they are still letting go the opportunity later they will still regret which is a sign of unseriousness and I guess they are still having that same feeling they had some years ago, it's fine to have that feeling but it's not good to go into Bitcoin investment with that feeling because one can easily panic or sell in loss because of the market volatility which is a negative vibe but I understand that everyone must not invest in Bitcoin so anyone who think it's not good for him or her should forget about it and anyone who thinks he or she can do it then its cool.

This particular fear you are talking about is what separate the real time investors and the scared ones who procrastinates about their bitcoin investment. This particular feeling is like a circle that's is hard to stop for those that lack the vision to see that bitcoin is something that is ever moving forward despite the height it has attain.

The simple action to do with bitcoin is just stop the procrastinating and make that bold move and start small if possible and make it consistent and have the mentality that the particular price it has attain is definitely not the end price value as Bitcoin is bound to even shoot up in the future, it just depends on how long and patiently you are willing to keep buying and HODLing.

Yep.. for newbie scaredie cats, it is probably way better to just select a small position size, even something like $10 per week, rather than not doing anything and remaining a low coiner or a no coiner. Even for folks who invest very small amounts, they are likely going to be way better off in the future based on such choice, including if they might be able to set up an automated DCA... and sure there are some folks who do have to take action, and so it becomes more difficult for those who are scared to first figure out from where they are going to source their coins, and then set up an account, and then manually buy BTC every week... so sure they might be able to overcome some of the fears by taking even a smaller position size, even though it can take a while to set up the account in order to be able to get started...even if the position size might be relatively small.

Quote from: Wakate on Today at 08:30:03 PM

Quote from: Obim34 on Today at 08:12:06 PM

Quote from: Rabata on Today at 05:19:28 PM

Quote from: Mayor of ogba on Today at 11:26:02 AM

Quote from: Agbamoni on November 16, 2024, 05:50:10 PM

I agree with what you just said. Regret is just a feeling of sadness and disappointment, but we can channel that pain into building our Bitcoin portfolio. Whatever has happened in the past has been done, we can't change it, but we can change what may happen in the future if we take a good approach now. It is in our hands whether we will regret it later in the future or not.

As for me, I have zero regrets. The only thing I felt sad about was that I didn't know about Bitcoin earlier. If I had known about it, trust me my portfolio would be reading millions of dollars through mining and earning because I had a keen interest in technology at that time. Good thing i can afford to buy with my DCA now. What's more important now is the accumulation stage i am in. Later in the future we will all be happy and that feeling of regret will never be known to us again.

I used to regret why I didn't start my bitcoin accumulation journey a long time ago, but we must not allow that to weigh us down in being consistent in accumulating bitcoin because we didn't know about bitcoin earlier and we can't undo the past, so we should move on and put the past behind. What our concern should be now is how we are going to accumulate the quantity of bitcoin we want to hold for the long term in a way that it will not stop us from sorting out our daily expenses. We are still early in accumulating bitcoin; if we are consistent enough in accumulating bitcoin, we will make up for the past we missed accumulating bitcoin and also avoid any regret in the future.

It was unfortunate for those of us who didn't invest in Bitcoin when we had the opportunity, but since there is no benefit of regretting about the fact, we need to hold Bitcoin from this point rather than wasting our time. Even though most of the people in the world have heard the name of Bitcoin, they have not started investing. That's why if you consider the current time as another opportunity and collect bitcoins according to your own ability, then after a certain time it is definitely possible to create a large portfolio of bitcoins. Especially if the DCA strategy can be sustained for a long period of 4-10 years then it is definitely possible to expect significant returns from Bitcoin. It may not be possible to get back the opportunity that we missed in the past, but if we consider the future and focus on Bitcoin accumulation from now, then at some point we will be able to get that opportunity back again.

If i were this set of people, i would focus more on what is before me than what has gone past me, many missed out during the early times of Bitcoin, we might not call it unfortunate really because that is how the market is meant to progress, if at all every investors as of now all purchased Bitcoin at the very beginning when it was founded, i don't think we would be having this same appearances/success that we have now. Since the market flows within Buy and Sell and new investors also makes up part of the market, it is yet another time for us to make use of the opportunity whereas in the future when the Bitcoin market will also expand and new investors will likely take us for older investors who are about hitting off some good profits from our holdings.

The market has been showing a zigzag pattern since day one of the crypto journey and as that,

Gosh that sounds scary.

I never seen a chart on crypto.. so I am not sure what that is.

Does it relate to the topic of this thread?

Quote from: Wakate on Today at 08:30:03 PM

we have different traders in the market just like holders too that are in the market to make money for themselves. There are traders that are only in the market to make peanut, trading for short term before leaving the market. There are also big traders in the market just like holders too that are trading and investing on Bitcoin to make profits, staying in the market for months or years depending on what their goals are.

Why should we give any shits about traders?

If we are investing for the long term, the BTC price moves up and down, and sure traders play on that, but as investors we just keep buying don't we? especially in our earliest of years establishing our bitcoin position.

Quote from: Wakate on Today at 08:30:03 PM

A short term trader can decide to buy some units of Bitcoin with the goal of holding for few weeks before selling their holdings. Some could decide that they will sell their holdings if they are able to make 10% to 15% of their total holdings.
The big traders don't behave in this manner, they are in the market to buy and hold for as long as possible. There are big institutions that can hold Bitcoin for at least 5 years or more before ever thinking of selling units of their portfolio.

We should all know the kind of holders that we are so that we know the category that we fall in. Holding can make us rich if we have the perseverance and confidence to keep holding even while others are panicking to sell.

You are probably correct, overall, but you surely expressed your ideas in confusing ways...

You seem to be obsessed with the idea of trading, so maybe you are unable to even think about bitcoin as anything other than a trade. Either a short term trade or a long term trade.

That does not seem to be a very clarifying kind of a way of thinking about bitcoin, even though you seem to understand that idea that long term holding is a good idea, even though you still are probably just thinking about when you can sell your long term HODL.