Quote from: Sexylizzy2813 on December 20, 2024, 04:58:13 PM

Quote from: JayJuanGee on December 18, 2024, 08:03:46 AM

Quote from: Sexylizzy2813 on December 17, 2024, 10:29:28 AM

Quote from: JayJuanGee on December 17, 2024, 01:36:53 AM

[edited out]

I remember when you were aggressively advising (if I should call it that) me to buy, hold and all that, I was a bit against it but not saying much by walking on that path (your advise) was better than before and I also made some speculations or rather prediction about how Bitcoin was going to turn out as of this moment but it turns out wrong, you should know that I never said I was from the future, is just a prediction that went wrong and you won't say you haven't been wrong before.

I doubt that I was personally advising because in the end guys can do whatever they like, and they are responsible for their actions...

I do frequently talk about best practices to continue to buy bitcoin for at least 4 years or until you have enough, and so selling (or waiting for the price to go down) is not part of any practice of accumulating bitcoin. So yeah, whether we call it advise or not to buy as aggressively as you are able to buy until you have more than enough can take 4-10 years or longer.

I have been wrong about a lot of things, and I have made several mistakes in my bitcoin journey... yet at the same time, I have almost continuously errored on the side of trying to accumulate and hold bitcoin and even suggesting that others do the same.. yet even in the real world, hardly anyone acts to buy bitcoin or even come close to buy enough or to buy beyond just dabbling.. and then so many people sell too much too soon and also fail/refuse to adequately prepare for up.. so there is nothing that any of us can do to get people to help them selves, since each person has to take their own actions to accumulate bitcoin, and if they made mistakes to figure out how to get back on the horse and to start to employ better practices of accumulating rather than fucking around with either waiting or selling practices.. which are not very good practices for anyone who has no coins or low quantities of coins.

With what you said you some how made me believe you're not too sure of what you're saying,

That is too bad. You are responsible for your choices and how you understand things that are said. I thought that I tend to be pretty clear in what I am saying, yet surely sometimes it might not be understood, which I can ONLY spend so much time dumbing down what I say when it is not clear to some folks that they should get started investing into bitcoin as soon as possible for their own good.. I don't personally give any shits if they want to do things against their own interests, but most times if someone has at least a 4-year timeline it would be better to get started investing into bitcoin rather than not. 5-25% of their income, 5%-25% of their quasi-liquid investment portfolio or some other reasonable amount that works of for them... and if they failed to get started yesterday, then today would be the next best time to get started.

Quote from: Sexylizzy2813 on December 20, 2024, 04:58:13 PM

yes everyone is responsible for his or her actions that's why we choose to either take an advise from someone we don't know or not, is a personal decision to make. You know buying and holding Bitcoin for about 4-10 years like you said is good but is not everybody that can endure for that long. Good idea but it's hard to get more holders.

That is the point. Each person has to choose what is good for themselves, and most likely it is going to continue to be good to figure out a way to invest into bitcoin for 4-10 years or longer, yet everyone has to figure out his circumstances and his timeline.

I can see no reason investing in bitcoin less than 10 years unless there is some age considerations, but yeah, I am not in a position to know the 9 individual factors of others.

Each person has to figure that stuff out, including if he might be very young and needing to attend university or engage in some other kind of education that could improve their income prospects, then that is on him to figure out if his personal educational/professional skills might be more important of a focus in his life at any given moment that he finds himself. He has his time, energy and value to expend and to choose how to expend it.

Quote from: Sexylizzy2813 on December 20, 2024, 04:58:13 PM

Quote from: JayJuanGee on December 18, 2024, 08:03:46 AM

Sure.. better if you did not sell and if you were able to hold.. even if you did not accumulate more.. So surely there are differences between whimpy investors and aggressive investors, and you have to choose for yourself which one or which variant you want to be in terms of how far down the scale in one direction or another you would want to be.

We are in a public forum with various public threads, so messages might not always be directed to you instead of being directed to some ideas that might arise from your earlier posts.

I would love to be an aggressive holder but is too hard to be one, it takes a lot to be one since in just starting to hold but let's see how far the little (to you is little so let me use the word Little)

You seem to be wanting to quibble about amounts, and you have to figure out amounts within your budget, so whether you are aggressive or whimpy does not have to do with the amount that you make but instead about how much you are spending within your discretionary income. If you don't have discretionary income, then you should not be investing into bitcoin...

If you are investing into bitcoin with money you need for your expenses or other aspects of your life in less than 4 years (minimum) then you are trading and/or gambling rather than investing, so frequently, being able to hold or to continue to invest into bitcoin is to make sure that you are spending within your discretionary income so that you are not going to be needing that money for more than 4 years and you also could end up 100% losing that money if bitcoin does not end up performing.

So instead of buying an ice cream cone or smoking a cigarette or drinking a beer, maybe that money is put into bitcoin, so similar to the ice cream, cigarette or beer, you can consider the money consumed.. so you are not going to need to tap into it.. yet with bitcoin we hopefully have analyzed bitcoin sufficiently well and have developed some confidence that you might be able to benefit from your investment into bitcoin in the future, as compared with the consumption item that you could have spent that same invested money.

Quote from: Sexylizzy2813 on December 20, 2024, 04:58:13 PM

I'm holding can take me. I understand what you saying but you must admit it that you're always direct and aggressive with words with you see someone talk about what he feels about the way Bitcoin price has been either going up or down, let's say for now the market price has been poor and if I say it won't dump to $99k before tomorrow you won't only kick against it but use your words to hit back like we're having issues, hope you get me.

On the internet, we might not agree how to present matters or how to talk about matters. You seem to whine a lot about down, and you seem to have whimpy investor ideas in regards to bitcoin as if you don't understand it, and you want to trade it. You can do what you like, yet when you are whining, sometimes that is going to spark comment from others, whether from me or from some other forum member reading your comments. Each of us chooses whether to respond or how to post, and surely other members might not like the contents of our post or our tone, so we cannot control the tone and/or the responses of other members. Surely I don't always agree with other members, and they don't always agree with me, so sometimes there can be back and forthe battles that repeat. Each of us can choose whether to respond or how to respond, whether the post is directed at us or not.

If you keep whining about the BTC price going down or that a lot of BTC holders or selling, then there are likely going to be times in which you are correct, yet even your being correct might be a BIG so fucking what, especially if someone might be new to bitcoin, it may well be way better for such newbie to continue to buy bitcoin in accordance with his how budget and not to get to distracted about what the BTC price is doing or what the BTC price might do, which you seem to want to spend a whole hell of a lot of time on such topic, yet with your time in the forum, it seems you probably should be focusing more on accumulating bitcoin rather than trying to strategize your buys (or your other behavior) based on what you anticipate the BTC price to be doing, which may or many not happen.

Maybe said another way, there are things that we can control and things that we cannot control, so we can control that we buy in accordance with our budget and we can choose how aggressive to be within our budget. If we have concluded that we are in our early stages of bitcoin and we either don't have any bitcoin or we don't have enough bitcoin, then we are likely better off to just keep accumulating by buying consistently, persistently, ongoingly and perhaps even aggressively rather than fucking around with thinking about either waiting or even thinking about selling some to buy back cheaper, which may or may not happen and which likely will screw up our whole system of buying bitcoin regularly and actually making progress in building our bitcoin stack size.

Of course, you can disagree and you can include selling tactics and waiting tactics into your strategy. That is your choice, but if you start to advocate those kinds of strategies and you are not putting enough context into why you are advocating such, then you are likely to get push back from members like me, and yeah, I don't need to respond to all of your posts, either,.. it's a choice if something might strike me and if I want to respond.

Quote from: Sexylizzy2813 on December 20, 2024, 07:21:05 PM

Quote from: Frankolala on December 20, 2024, 05:59:38 PM

You are the one that's making it look hard to you because you haven't prepared your mindset towards investing in a long-term investment. You can start with four years' timeline and invest with little amount from your discretionary income that you can do without. So that you can be consistently buying bitcoin every week/month whenever you get paid. A little beginning can turn up to something very big beyond your expectations.

You should also set up emergency funds for back up so that you don't sell your bitcoin too early before time. Emergency funds will help you take care of any emergency that arises during your bitcoin accumulation stage. If you don't set up an emergency funds, you will not be able to hodli for long.

I agree with you with all you said but you have to know that these things don't just happen like that, as it is the first time I'm doing it, I won't be as good at holding as Mr @double_JG, it will take time for it to get used to me and starting with 4 years is a very long time and knowing that it will yield more it won't be easy to start as well. What you said about emergency fund is true and that's what has been making many who plan on holding even if it's a short term investment to always look back at their holding, you see is not easy coupled with the fact that Bitcoin sometimes do dip it causes much panic, that's when you'd know who have an emergency fund before starting the investment.

The purpose of the emergency fund is not to use if there is a dip, but instead to have so that you never have to dip into your BTC holdings. You also should not be dipping into your emergency fund absent an actual emergency. So the more bitcoin that you have, the more likely that you need more emergency funds and various other back up funds in place so that you never have to touch your bitcoin except at a time that is of your own choosing, likely 4-10 years or longer down the road, and maybe for you Sexylizzy2813, you should be thinking in terms fo 15 years or longer so that you get yourself into the right long term mindset.

Again if you are investing into bitcoin with money that you need, then you are likely investing too much.

You can also build your emergency fund and your bitcoin holdings at the same time, and if you are only investing 10% of your income, and you have to put half of that into your emergency fund, then it could take you several years just to get to a point of having 3 months emergency fund and 3 months invested in bitcoin.

Many folks already tend to have 2-6 weeks of cash that they tend to keep in some form or another, even if they are not investing into bitcoin, so building an emergency fund can be part of what they already do. Sure there are some folks who don't even have 2 weeks worth of extra cash, and they spend their money as they receive it, yet those are not the kinds of people who are either normal or that we want to emulate, since people who don't keep any emergency funds are always having emergencies, and part of the goal of creating and maintaining an emergency fund should be to never have to tap into it... sure there might be some times that you are not able to help it, but as you practice more and more investing into bitcoin, building your emergency fund and then having other categories of back up funds such as reserve funds and float, then you should get into situations in which you are less emotional about finances, your psychology is better and you are not having as many financial and/or psychological emergencies because you are living with a sufficient and/or adequate cash cushion and you are engaging in otherwise strong cashflow management practice in terms of making sure that you are taking care of your expenses first before investing so that you really know what is your discretionary income..and yeah it could take many months or even years to get your cashflow management and your back ups into a strong place that nearly eliminates emergencies that you are not able to deal with.

Quote from: Sexylizzy2813 on December 20, 2024, 07:21:05 PM

Quote from: Frankolala on December 20, 2024, 05:59:38 PM

Since you are still struggling to see how you can hodli for long, you should start by buying with little amount and continue like that till when your faith is very strong on bitcoin due to the more knowledge that you have acquired on bitcoin, you can then start buying aggressively, but don't overdo it.

I like the last thing you said "not to overdo", is easy to start but hard to control, it will look as if you're better than someone you're learning from. All these things need someone who can guide you properly if not you'd might go off the line. To me I'd prefer with how I started back in September.

You are likely your best teacher in order to figure out how to be as aggressive as possible without over doing it.

If you are not sure about how aggressive that you are able to be, then you should start out with way less aggressive systems until you have your systems in place, so you might not even be able to be aggressive until you have spent time building your emergency funds and back up funds, yet your emergency and back up funds can be built while you are simultaneously buying bitcoin, you just are not able to be aggressive until you have your various cashflow management systems in place.