Quote from: Pi-network314159 on Today at 03:34:28 AM

Quote from: JayJuanGee on Today at 02:00:22 AM

Quote from: Solokan on Today at 01:29:40 AM

Quote from: sotelorene on December 25, 2024, 08:57:44 PM

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It's very true what you say as long as we don't stress about collecting bitcoins, even though for example we already have a lot of bitcoins, of course that is a good thing and indeed for some people there will definitely be a time when they feel enough with the BTC they get, but of course we also don't blame them because Of course that is his right and of course everyone has different thoughts and different ideals.

but it seems that I also agree with you because to be honest, up to now I personally have never been satisfied with collecting BTC because for me buying using the DCA system and of course using money that is ready to be lost to buy BTC for me is certainly not a difficult thing because it doesn't harm my daily life. today and honestly I see the higher the price of BTC, the more I want to continue DCA because I see that currently there are still a few people buying BTC because there are quite a few people who prefer to invest in altcoins and don't want to invest in BTC and of course in my opinion Surely someday it will happen that people will be disappointed with altcoins and surely in the end BTC will be the final goal. So I personally looked in that direction and I also heard the news that one day in the future the price of BTC will be stable and the prices will not fluctuate or fluctuate much because there are so many users, so for me personally I will continue to be enthusiastic about DCA.

You have been registered on the forum for less than 2 years. So have you been accumulating bitcoin for that amount of time or longer?

I have a hard time figuring out how most people would be able to accumulate enough BTC in less than 2 years, especially with the BTC price pretty much going up the whole time.

One thing is that most guys may have been investing in bitcoin before joining this forum maybe it could be that their strategy of investment could be lump sum, and could have accumulated enough before joining here. but as they join the forum such people would adopted the DCA or buying the dip. I presume lump sum investment are the most common type of investment people normally do. Because I am syaying this out of experience but although I did such in shitcoin of course I wouldn't lie, and I learnt my lesson . Sometimes you cant really judge people by there date of registration on Bitcointalk because they have been investing way before joining the forum, perhaps they only came to know more about bitcoin.

Many people who consider investing have troubles getting started in their investment because they frequently presume that they need to start with some kind of a lump sum, so they have troubles gathering up enough money to get started. We should not presume that people are investors prior to getting to the forum, unless they might mention something of the sort or described their investing experiences, so in that sense it is better to presume folks are not investors rather than presuming that they are.

Part of the reason that many of us suggest that people get started as soon as possible and start investing with DCA or a form of incrementalism is so that people can get used to setting aside a bit for bitcoin every week and get into the habit of buying bitcoin regularly, and even then it can take a long time to build a habit of investing.

There are certain ways that members can present their information to show that they have some investment experience prior to coming to the forum, yet without that information I am not going to presume them to have much if any investment experience.. and sometimes there are members who come to the forum and present themselves as if they are experienced in investing, yet after a bit of back and forth discussion, we might soon figure out that they are likely not as experienced as they are presenting themselves to be. If anyone wants to clarify their knowledge or experiences in order to help to tailor responses that go along with such experiences, then there is nothing wrong with that, yet I am also not going to presume anyone to have strong cashflow management skills either, yet having strong cashflow management skills might go along with having some investment experiences, or perhaps some other justifications for developing strong cashflow management skills (such as persons who are might have businesses with varying levels of cashflows, expenses and even perhaps the use of debt in the business).

Quote from: Gallar on Today at 06:06:52 AM

Quote from: JayJuanGee on December 26, 2024, 11:26:58 PM

Quote from: sotelorene on December 26, 2024, 10:24:54 PM

Quote from: letteredhub on December 26, 2024, 05:45:01 PM

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Anyone who is aspiring to be an investor knowing fully well that with his or her financial status he or she can not scale through it and still venture into Bitcoin investment will probably end up along the line and one of the thing that always cause this is covetousness, when they saw there friends or relatives is investing in Bitcoin and seeing the progress in their investment will trigger some people to..., However, I don't see anything wrong if an investor take this investment as a competition and they have all it takes to maintain i mean keep their investment running smoothly but the only time I consider or see it to be a wrong move is if an investor doesn't have what it takes to... Because definitely they are going to get choked some day, the advantage an investor will have if they take it as a competition and have the money to keep their investment..., is that they will increase their portfolio so quick which is every investor's mindset.

Yes people do like to compete, yet there are still going to be needs to tailor their level of aggressiveness to their own particular 9 individual factors rather than trying to do (or out-do) what some of their peers might be doing.

Surely a person might consider that he is just being aggressive in his investing and not realizing that he is being over-aggressive until it is too late and he ends up screwing up his finances because he over did it.

I think it's okay for us to compete to build our bitcoin portfolio with other people. However, on condition that this must not be based on greed. Because greed will certainly make our investment in bitcoin run less smoothly. So what I mean by competing here is just to serve as motivation for us. So that we can work harder and have more income to accumulate in bitcoin. I think if competing to collect bitcoins is based on that (as motivation), there is no problem for me to compete. Because sometimes someone needs encouragement or motivation to stay enthusiastic about doing something like investing in bitcoin.

Sure. There can be times and places for competition, even though I would suggest one of the better competitors is to compete against ourselves in terms of a bitcoin version versus a non-bitcoin version... yet sure there could be someone with a similar status and/or salary that we might compare ourselves to, and if we are investing into bitcoin and they are not investing into bitcoin, we can compare ourselves to such similarly situated person. Over many years, such as 4-10 years or longer, we might also see that we might surpass the wealth of non-bitcoiner folks who were considered to have had been much more wealthy than us.

Quote from: Gallar on Today at 06:06:52 AM

However, if we are competing to collect bitcoins, we still have to be careful. Because sometimes we cannot control our emotions or feelings completely. So, instead of being a good motivation, this could actually be a negative motivation. Like investing as much money as possible in Bitcoin, without realizing that the money is for other needs (hot money). So in this case we have to be careful if we want to compete to collect bitcoins (against our own emotions). Therefore, if we feel unsure about competing to collect bitcoins with other people, it's a good idea to do DCA casually. Because in my opinion, doing DCA calms the mind and has very minimal risk.

Yep. We frequently run risks of investing into bitcoin beyond (or at the limits of) our discretionary income, and then we might find that we got ourselves into trouble because we might have had miscalculated and/or especially if we might not have sufficient back up funds to cover our mistakes when we make such mistakes.

The more that we practice investing and figuring out our level of aggressiveness, then the better we should become at making sure that we are not causing unnecessary stress upon ourselves in regards to our finances and also making sure that we have sufficient back up funds to so that we are able to cover many of the mistakes that we might make along the way, so long as we don't engage in overly risky behaviors in which even our back up funds are not able to cover our mistakes, and then we end up having to sell some or all of our BTC at a time that was not of our own choosing... then perhaps all of the competing that we had been doing, we end up finding ourselves as a loser since we had overplayed our hand, and then come to realize that we were gambling rather than investing, and it surely does not feel good to come out being a loser in those kinds of circumstances when we may well know that we could have had played our situation much better than we did, but perhaps 4-10 years later down the road, we have spent a bunch of time that we are not able to turn back the clock and to fix our earlier mistakes, especially the BIGGER ones.

Quote from: JiiBs on Today at 08:51:32 AM

Quote from: JayJuanGee on Today at 02:00:22 AM

You have been registered on the forum for less than 2 years. So have you been accumulating bitcoin for that amount of time or longer?

I have a hard time figuring out how most people would be able to accumulate enough BTC in less than 2 years, especially with the BTC price pretty much going up the whole time.

That’s actually possible, pending certain condition of which;
1. You are very rich and perhaps only realized Bitcoins potential later in life or as an investment advice
2. You are an institution or works with one to accumulate Bitcoin which in any case, it wouldn’t be yours, technically.
3. You’re a very successful trader which is rather difficult to be, being new to Bitcoin.
In all, accumulating as a new user is difficult but still possible.
However, a lot would always depend on when you started and how active you’ve been about accumulating Bitcoin.

Yes. There are various unlikely scenarios that could have caused someone to be able to front-load invest into bitcoin around less than 2-ish years ago.. yet I doubt it, and I am not going to presume those circumstances to be true, unless someone describes their own circumstances as such. Otherwise it takes a fucking long time to build an investment (including in bitcoin) even for experienced and well-endowed investors... yet again, I am not going to presume anyone to be an experienced or well-endowed investor unless maybe they say that they have such a circumstance going on that contributes to how they might have had already reached a status of sufficient and/or over-accumulation of BTC.

Even with Michael Saylor in August 2020, when he stated that he made his first BTC purchases for himself and for his company (MSTR), he said that he had invested something like $250 million into bitcoin and 75% of MSTR's cash reserves into bitcoin on his first set of BTC purchases, and so we might have had concluded that he (and MSTR) had accumulated enough BTC or more than enough BTC, yet he continued to accumulate. So sure there could be situations in which a person reaches enough BTC or more than enough BTC since they already have had many years investing into other things prior to coming to bitcoin, yet I am not going to presume anyone to be in such a state of affairs, since most people are not in such a state of affairs, and most people, even if they have other investments at the time that they start to invest into bitcoin, their other investments may well not be liquid enough or they might not want to move large portions of their other investments into bitcoin, so they still have to spend time establishing a BTC position rather than lump summing into bitcoin from the start.

It might not be fair to use MSTR as an example since they are a bit of an anomaly in terms of what they are trying to achieve, and individuals may well have had felt they reached accumulation of their stash at their very first BTC purchase when they used up 75% of their then cash reserves to buy $250 million worth of bitcoin.

In my own personal circumstances, I had spent more than 20 years investing in various other non-bitcoin assets prior to getting into bitcoin in late 2013, and still it took me more than a year to establish my bitcoin position while the BTC price was going down the whole time, and then I also ended up spending additional time investing into bitcoin in what i had considered an over accumulation status to go from 10% of my quasi-liquid investment assets in bitcoin to 13.5% by the end of 2015.. so two years, and I still was not sure about whether I was in a position to mostly stop accumulating bitcoin until about early-to-mid 2017, and even that turned into a means of managing bitcoin holdings rather than completely abandoning BTC accumulation, I continued to maintain some BTC accumulation component even after 3.5 years into bitcoin, even though there had already been an assessment (from myself) that I had reached over-accumulation status...yet how to manage holdings is not always clear either, since there is likely quite a bit of individual tailoring involved with investment (including BTC) portfolio management, too.

Buying on the way down versus buying on the way up can also cause differing kinds of dynamics, yet surely in the first full cycle or the first 4 or more years that we are in bitcoin, we might be stuck in periods of ongoingly buying bitcoin through both up periods and down periods, and so after a while accumulating BTC, we may well find ourselves way more informed about how to manage our own circumstances, yet it still seems difficult for anyone with less then 2 years investing in bitcoin to be in a position of over-accumulation unless they were able to frontload their BTC investment, which truly I am not going to presume to be the case, absent some kind of explanation of that front loading being the case.

Quote from: fikrett on Today at 10:39:03 AM

Quote from: Agbamoni on Today at 09:47:10 AM

Quote from: Onyeeze on December 26, 2024, 10:47:49 PM

To buy bitcoin doesn't have a perfect time to buy bitcoin but I know that investing in Bitcoin what you to know concerning bitcoin investment is for you to know when you will invest, because probably bitcoin investment is something that someone who have courage can do, and if you're money conscious person you will not think to keep your investment just a few time of investment, don't panic because bitcoin investment know the condition of every cryptocurrency investment.

I hardly could understand anything you have said here. The only points i picked is that there is no time which is considered perfect to buy Bitcoin. Yesterday i say a topic in my local board where someone was regretting, he didn't buy Bitcoin in December when his friend was investing, he was busy spending his money to his satisfaction and that made him not to invest in Bitcoin through this year. I simply told him that you didn't buy in December last year then why didn't you buy this year.

It's no okay to see that people still find what to put the blame on for not starting their investment. And till tomorrow there are people who will still fall under this category. Hoping that there is a perfect time to buy bitcoin. They will continue to be disappointed if they don't remove that mindset from their mind.

In crypto, - you are your own king, and there should be no disregard for not accumulating Bitcoin through anything it withstands - a bull run or a bear run.
Nobody should be a target of blame for the things you could invest your time and effort in - it would lead to nowhere, in most cases.

We are not talking about cypto here. Fuck crypto. You are surely not king if you are in crypto, but it if you are referring to bitcoin then why do you need to mention crypto?

Are you trying to look smarter by using the word crypto? But if you were just talking about bitcoin, then why didn't you just use the word bitcoin? - use of the term crypto makes it look like you really don't know what is bitcoin, and creates an impression that you think that some shitcoins might be similar to bitcoin.. so bitcoin fits in a similar category, and so therefore you believe using the term crypto is good, which it is not, since it is a vague and misleading terms and causes many folks to wonder what you are talking about when you choose to use such a vague and misleading term?

Quote from: sotelorene on Today at 11:06:16 AM

Quote from: JayJuanGee on Today at 02:00:22 AM

Quote from: Solokan on Today at 01:29:40 AM

Quote from: sotelorene on December 25, 2024, 08:57:44 PM

[edited out]

It's very true what you say as long as we don't stress about collecting bitcoins, even though for example we already have a lot of bitcoins, of course that is a good thing and indeed for some people there will definitely be a time when they feel enough with the BTC they get, but of course we also don't blame them because Of course that is his right and of course everyone has different thoughts and different ideals.

but it seems that I also agree with you because to be honest, up to now I personally have never been satisfied with collecting BTC because for me buying using the DCA system and of course using money that is ready to be lost to buy BTC for me is certainly not a difficult thing because it doesn't harm my daily life. today and honestly I see the higher the price of BTC, the more I want to continue DCA because I see that currently there are still a few people buying BTC because there are quite a few people who prefer to invest in altcoins and don't want to invest in BTC and of course in my opinion Surely someday it will happen that people will be disappointed with altcoins and surely in the end BTC will be the final goal. So I personally looked in that direction and I also heard the news that one day in the future the price of BTC will be stable and the prices will not fluctuate or fluctuate much because there are so many users, so for me personally I will continue to be enthusiastic about DCA.

You have been registered on the forum for less than 2 years. So have you been accumulating bitcoin for that amount of time or longer?

I have a hard time figuring out how most people would be able to accumulate enough BTC in less than 2 years, especially with the BTC price pretty much going up the whole time.

I guess he or she has been into Bitcoin investment long before joining this forum and again sometimes the year one registered or sign up in this forum doesn't really determine how much Bitcoin they have.

Bullshit. You cannot presume such person to have been investing into bitcoin prior to joining the forum, unless they might say something to indicate that to be the case.

Quote from: sotelorene on Today at 11:06:16 AM

And if I may ask @JJG how much Bitcoin do you think or feel an investor should accumulate in less than a year.

The referred to member (Solokan) has nearly 2 years registered on the forum, not less than one year. One year versus two years could make a decent amount of difference, especially since the BTC price has been largely going up during the whole time. The most that an investor can accumulate without gambling is the amount of their discretionary income, and if such member has other investments and/or savings at the time that he enters into bitcoin, then he can draw from those sources too.

We cannot presume the financial circumstances of any member unless they say something, and we most likely are better off presuming that most people are just able to draw from their discretionary income and figuring out some balanced level of aggressiveness that they are personally able to tolerate or they consider to be feasible for their own situation.

Quote from: sotelorene on Today at 11:06:16 AM

However, how people are able to accumulate enough Bitcoin shouldn't dismay you because there are people who are stinkingly rich and this kind of people accumulating enough Bitcoin in their portfolio wouldn't be a problem or big deal to them regardless of the market price and I want to believe some of them don't usually use the DCA but rather the lump sum and their 3 - 4 times lump sum can be some investor's 4-6 years of DCAing if not more.

Yep, and you sound like a dumb presumptive twat if you believe that any random forum member is stinkyingly rich and that they front-loaded their bitcoin investment. Sure, it is possible that some forum members have been able to significantly front-load their investment, yet I am not going to presume such status.

When I got into bitcoin, in late 2013, I was attempting to somewhat frontload my bitcoin investment, yet I started investing towards the top of that cycle, and sure a guy might be better off to front load towards the bottom, especially if the BTC price is going up, but if a member does not specify his tactic in regards to having had front loaded his bitcoin investment, to me, it seems overly presumptuous to assume that he was able to do such a thing or that he did do such a thing. You are just guessing, and you are actually guessing against the odds, since many times people will describe if they might have had engaged in a practice that ended up paying off, and it tends to be quite difficult to accomplish such frontloading, even if some guys might be in a financial position to carry out such front loading of their BTC investment, many times they still are not ending up having enough bitcoin conviction to employ such front-loading tactics.

Think again of Solokan, he registered on the forum about January 2023, very close to the bottom of the BTC price, and so surely he may well could have been able to buy a bunch of bitcoin around $20ks, but surely I doubt that he actually was able to accomplish such.

Let's presume a person who had been investing in various assets for 15-20 years prior to January 2023, so he comes to bitcoin, and he has an income of about $100k per year, and so maybe he has an investment portfolio that is more than $300k, so such a guy would have options to buy a bunch of bitcoin in early 2023 when he presumptively decided to get into bitcoin, yet I am still not going to presume that he just throws a bunch into bitcoin (such as $100k or $120k), and then continues to DCA at about $400 per week for the past two years, then that would amount to about $42k invested and 1.1 BTC. Sure it is possible that such a guy was able to heavily front load into bitcoin upon learning about bitcoin, but I am not going to presume it.

So, if such a guy was able to buy 5 BTC with his initial $100k around $20k per coin in early 2023 (sure maybe he paid a bit more for them, so it could have had been $120k to buy 5 BTC), then his 2 years of buying BTC at $400 per week would have put him at an additional 1.1 BTC, and sure it is possible that, he would then be at 6.1 BTC, which surely would not be a bad place to be. yet I am not going to presume such a prescience in front-loading his BTC investment, so there are only going to be rare folks who are ready, willing and able to front load in such a way (and to actually do it) so he probably should indicate if he happens to be one of those kinds of prescient folks rather than the more common kinds of folks that struggle to invest 10% of their income into bitcoin in a DCA kind of a way rather than investing into bitcoin in a lump sum investing kind of a way.

Quote from: Miles2006 on Today at 03:29:51 PM

Quote from: sotelorene on Today at 11:06:16 AM

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Honestly there’s no specific amount indicating an investor should meet in a year rather you create your own plan and set a target. It’s difficult if an investor choose to stop when there’s no limit investing, Talking about the rich ones it’s more interesting they invest and safe rather than spending. No doubt they have higher opportunity investing still 2 years is not even enough for an investor. Don’t always mind the lump sum or the dca because both can be applied for investing purpose as usual, 3-4 times lump sum and 4-6 years dca comparison doesn’t matter rather so long as the purpose is accomplish.

It is still pretty presumptuous to imagine someone being able to meet a status of overaccumulation of BTC in less than 2 years, especially with the BTC price going up around 5x during such time. But hey, you guys can imagine all that you like in regards to practicalities of investing, or even the difficulties in frontloading an investment, even if someone might be financially able to do so, which is also a big presumption and a very small minority of folks who are even in such a position to front load their investment into bitcoin, which I doubt that they are very representative of most newbie investors into bitcoin.