Quote from: MissNonFall9 on Today at 05:23:32 AM

Quote from: Sim_card on November 25, 2024, 10:24:09 AM

Quote from: MissNonFall9 on November 25, 2024, 01:46:56 AM

Quote from: Sim_card on November 22, 2024, 12:05:40 PM

Quote from: Cgrexp on November 22, 2024, 11:57:34 AM

I don't have much knowledge about Bitcoin, I just have basic idea of Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Quote from: MissNonFall9 on November 25, 2024, 01:46:56 AM

Quote from: Sim_card on November 22, 2024, 12:05:40 PM

Quote from: Cgrexp on November 22, 2024, 11:57:34 AM

I don't have much knowledge about Bitcoin, I just have basic idea of Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Firstly, you need to consider the funds which you want to put into bitcoin. If it's the money that you will be needing in a short time, don't buy bitcoin with it so that you don't regret your actions when you sell at loss because you need the money back. If you are not working, you cannot invest in bitcoin. However, if you are still staying under your parents and they are responsible for your up keep, if you do have extra money that you receive as a gift that you are saving because you don't know what to do with the money, you can buy bitcoin with such funds so that you can start practicing how to hodli for long and work on your emotions for better experience so that when you start working, it will be very easy for you to carry out your regular weekly DCA persistent buying overtime. Also if whenever you get this funds that you don't expect from friends and relatives you invest in on bitcoin, it can motivate you to get a job so that you can continue buying without depending on anyone before you buy.

You don't need to be afraid if you know the right thing to do because bitcoin is not a ponzi scheme and whatever quantity of bitcoin that you buy will still be the same quantity in your wallet, it's only the value that differs from time to time. Only your discretionary income (extra cash) is good to use for your bitcoin investment, and one thing I want to let you understand is that profit shouldn't be your priority when investing but the size of your bitcoin portfolio portfolio i.e how many bitcoin you have currently and how many will you like to have in future so that you don't go about making wrong decisions and messing up with your bitcoin. Bitcoin investment is fone for the future because it is a gateway to wealth for people who sacrificed the little that they have to buy regularly every week for a very long time like 10 years and above. Bitcoin is not for a year but for at least 4-10 years and above.

If you have a job, from your income calculate how much that you are using to take care of your monthly expenses and needs and deduct it from your income , the leftover is your discretionary income, use from there to buy bitcoin like I stated above on the reply that you quoted me.

Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do.