Quote from: As-Soon-As on December 17, 2024, 07:33:39 AM

Quote from: JayJuanGee on December 17, 2024, 12:22:33 AM

Quote from: terrific on December 16, 2024, 11:01:19 PM

Quote from: terrific on November 11, 2024, 09:20:12 PM

Quote from: terrific on November 06, 2024, 12:47:21 PM

Those who have literally did the title, ~~you~~ we're all legends. Cool

And, that was epic. Wink

Again I say, ~~$87k.~~$97k
Congratulations folks.

Congratulations, we've hit $107,500 today.
Soon, we'll be having the M instead of the K. Let's go to $1M per BTC. Grin

Keep HODLING legends. Cool

Some people already have converted to talking about bitcoin in terms of millions, so we could say today we reached a high of $0.107821 million per BTC.

If you notice, we can definitely reach the highest level of Bitcoin price, the most important time will be spent if the holding is long-term. However, when the price of Bitcoin reaches one million dollars, it will definitely be possible to accumulate 0.5 million or half of a Bitcoin using the DCA method. If we hold Bitcoin by following the DCA method regularly, then we will definitely be able to realize the next bull market.

Surely each person is in a different place in regards to his ability to accumulate bitcoin, and surely getting started early helps, and if there are ways that any of the newbies are able to increase their income and/or to dedicate a lot of their income towards buying BTC, then they surly have better possibilities to accumulate more bitcoin, especially as compared to folks who are not engaging in such BTC accumulating efforts.

It is difficult to speak for other people, because there are a lot of people struggling to be able to invest, and sometimes it is difficult to bring up the quantity of discretionary income that a person has. Even in my own situation, I figure that I got lucky, and I had several jobs that did not pay very much and I did not come from wealthy parents, so in some sense I got luck in terms of the kinds of income that I was able to achieve, including spending some time doing lower paid (and even no paid jobs in order to later be able to receive some higher paid jobs.. . that then provided a lot of discretionary income... and then surely later I got lucky to find bitcoin and to figure out that it might be good to invest into it... so even newbies to bitcoin may well feel lucky to have had discovered bitcoin, yet they still need to act to invest and hopefully they are in a position to generate some extra discretionary income in order that they are able to invest into bitcoin.

Quote from: Ryu_Ar1 on December 17, 2024, 09:57:05 PM

Out of context but I did want to share it when I asked in the new AI feature on social media that I use it turns out the answer is quite interesting

Not bad.

2 and 5 are problematic in the optimal strategies, since 2 might lead newbies into thinking that investing into shitcoins is a good idea, when it is not and there is likely no need for a newbie to diversify beyond bitcoin and cash in the beginning, and perhaps several years later diversification might start to become more relevant.. and in regards, to 5, many investment advisors (if you can find one to advise you for free outside of this thread/forum.. not that we are giving investment advice here) don't know shit about bitcoin and are likely to refer you into inferior products, such as ETFs (so they can make a management fee) but still not bad overall from the AI output as a starting point, yet guys also have to figure out their cashflow management and figure how much they are able to invest without investing beyond their discretionary income. .which maybe also accounting for the 9 individual factors that I account for in my earlier post...

Quote from: cryptomaniac_xxx on December 17, 2024, 10:32:17 PM

Quote from: JayJuanGee on December 17, 2024, 03:28:09 AM

[edited out]

Nevertheless, DCA will be our friend, and even if you are caught off-guard, you can sell some and then go back again. And in matter of weeks, as I have experienced, you are still back in your position.

There is no guarantee if you sell that you will be able to buy back cheaper, even though surely sometimes guys do end up making mistakes and they need to sell, so surely guys have to figure out how to deal with their own particular circumstances and rebalancing their strategies from time to time and also figuring out if they might be engaging in practices that might not be good for their overall BTC accumulation techniques and/or objectives.

Quote from: Churchillvv on Today at 12:22:06 AM

Quote from: Rockstarguy on December 17, 2024, 11:50:59 PM

Quote from: cryptoWODL on December 17, 2024, 03:56:30 PM

The answers to your questions may be very simple, such as, Start investing with as much as you can afford to invest. If you have less amount of money then invest less amount and if you have more amount of money then invest more amount, Aim to invest consistently.

Many people invest by borrowing money from others. If one has a fixed source of income he can borrow money from others and invest but does not have to sell his investment. Because people don't always have money even if they have a job. So if he invests with a loan and later if he can repay the loan with the money he gets from his job at the end of the month, it means he can easily repay the money he borrowed from others. As a result, he no longer has to sell the investment to repay the loan.

No matter what it is not even advisable to take loan to invest in bitcoin. In bitcoin investment you must earn for you to be able to invest that is why it is an investment that one needs to have a source of income which you do not need to borrow. I think the only reason that would make one to borrow money to invest bitcoin is due to desperation, just to make money quick and when you depend in taking loan to invest bitcoin it is very possible that the investment won't last long. Loan for investment is stressful, it is better to get a source of income , no matter how small it maybe you can afford to invest with the amount you can afford and your investment will keep going smoothly.

Put differently, loans are never advisable for investment especially when it comes to bitcoin and perhaps it's not a get rich quick scheme so in bitcoin you're looking at an investment that takes longer years to get to a status that requires sustainable withdrawal but in this period how do you cope with the loans then it also becomes a problem.

As long as the plan is for your bitcoin to serve as a long term investment then you would have to get a job then buy as much as you can afford to buy without compromising your daily survival or as long as you can still foot your bills, having kept some require funds that can sustain you within the period of 4-6 months which is called an emergency funds etc then you're probably good to go. I don't advise loans but loans are also necessary for other investment but for bitcoin it might end up forcing you to sell at a point where you can't to pay on time which is not an option.

Some of you guys, including you Churchillvv, are a bit harsh on the idea of getting loans, and sure there can be a lot of ways that loans are abused and misused, including if guys are expecting the proceeds from their bitcoin earnings to pay off the loan, then they are gambling with the loan rather than investing.

There are ways to get loans and to be able to service the loans whether the investment (in this case bitcoin) does well or not, so a person should assess his ability to service the loan in his decision whether to get the loan, including the cost of the loan and including whether it is worth it to pay extra fees to front load investing into bitcoin versus just buying BTC aggressive with his salaray at the pace that his salary comes in, rather than front loading.... so if the guy front loads his investment into bitcoin, yet bitcoin goes does in value (price), then he is going to be forced to continue to service his loan from other sources and realize that he may well have bought bitcoin at higher prices than he would have gotten in the event that he had not gotten the loan...

Getting loan is not a black and white choice, but it is not one that necessarily is obvious either way since it does have quite a few actual and potentially extra costs (and extra risks).