Quote from: Litzki1990 on Today at 02:39:35 PM

Quote from: JayJuanGee on Today at 02:04:30 AM

First we are in a bitcoin thread, so take your dumbass shitcoin talking points to some other thread, even if we might assume you are giving good advice to even consider any other coin..

If you had read my second line well, maybe you wouldn't have made such a comment. I just meant that many new investors invest in coins other than Bitcoin. That's why I mentioned first that choosing the right coin for investment is a must. Those who have idea about investment and who have good knowledge about different coins in crypto market will choose bitcoin for their investment and I always suggest bitcoin for investment. Not once in my post did I tell investors to invest in other lite coins in the market. In this discussion of mine I talk about Bitcoin full time and I am an investor myself and I always feel comfortable investing in Bitcoin. Since I have been involved in investing for a long time, I have seen the evolution of Bitcoin and the popularity of Bitcoin.
Since I know enough about bitcoin why will I talk about other coins other than bitcoin also for investment.

In the full discussion I discuss Bitcoin as well as the benefits of the DCA investment strategy.

I sufficiently read your earlier post prior to responding, and I stand by my earlier comment and assessment. You might need to learn to take ambiguity out of your ways of talking about bitcoin, so that guys do not have to sort through puzzles and try to guess your real intentions..

In the end, you can do what you like, yet I would think that you would be receiving less backlash if you stop trying to act like you are accounting for the pros and cons of various considerations and the arrival at the conclusion that bitcoin is the best and blah blah blah..

I doubt that there is much if any need to get into those kinds of mentioning of other coins or crypto or arguments about the obvious, especially if you might just show that you are focusing on bitcoin.. but whatever, you do you.. Maybe you will figure out how to present matters better and maybe not?

Quote from: Mayor of ogba on Today at 04:58:44 PM

Quote from: EclipseXcrypto on Today at 03:27:03 PM

Quote from: Zackz5000 on Today at 08:04:19 AM

Quote from: Pi-network314159 on Today at 07:26:09 AM

Quote from: Zackz5000 on Today at 05:15:42 AM

Quote from: qurbanshah02 on January 08, 2025, 05:11:56 PM

Quote from: SmartCharpa on January 08, 2025, 04:45:35 PM

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

Bitcoin investment is not only for the rich both parties (rich/poor) can invest in bitcoin their difference lies in their discretionary income the rich will have a higher discretionary income more then the poor and this will make the Rich to accumulate more Bitcoin than then the poor

I agree with you that the difference between the rich and the poor is the level of their discretion fund, but the aspect of saying that "the rich will accumulate more than the poor", is totally wrong. The rich having a more privilege of higher discretion does give them liberty to accumulate more than the poor. There are situation where the rich will have a higher discretion but his investment strategy is whimpy than the poor. Let say a rich person has a discretion amount of $50k and be investing $20 through DCA every week and a poor guy who has $3k in his discretion may be investing $50 per week and may still have a job that will be paying him $1k every month. So both has a big distance of discretion and may equally have a paying job but the investment capacity of both are not thesame in the sense that the poor even have more stake in his investment. So in this case the rich guy has an advantage in discretion but not able to invest in accordance with his fund, so invariably the poor guy will accumulate more than him in the space of time. So the impression I wan to correct is that being a rich guy and having a huge discretion doesn't mean such person must invest more than the poor. Investment in Bitcoin is done in a way we can invest comfortably without being affected and this is done individually and indepently without consedering class of rich and poor.

There is no way a poor bitcoin investor will accumulate more bitcoin more than the rich bitcoin investor the rich folk might decide to invest aggressively in such a way that it won't even affect his personal living or needs, he might also even choose to be using the lump sum strategy to accumulate at times and still continuously using the DCA strategy unless in a case where by the rich guy is just trading and not investing and the poor guy is continually using the DCA strategy and hold for long probably 10 years and more then I will agree with you if not such case I believe am still right about my word you bolded.

Let us understand something about accumulation, its not just about how much you can invest but how much of your income you are willing to allocate towards your investment. A poor person can out perform a rich individual based on the percentage he puts from his income. He might be richer, earning more and have more financial power but the percentage he allocate from his income might not match the poor person, according to the percentage both puts in.

Example, a poor person can definitely outperform a rich person based on the percentage of their income they invest. If the poor individual is putting in 30% of their $1,500 monthly income, that's $450 going into bitcoin each month. Meanwhile if the rich person despite earning significantly more, only invests a smaller percentage of their income, say 5% of $500,000, that's just $25,000 a month. Over time the consistent, higher percentage investment from the poor individual can lead to substantial growth, especially if bitcoin appreciates. It really highlights that it’s about the commitment to invest a meaningful portion of your income rather than just the dollar amount.

We have a lot of newbies in this thread who are just starting their bitcoin investment and some who are weighing in to start their bitcoin investment, so we should be very mindful of the things we say in this thread so that we will not possibly mislead newbies into investing in bitcoin wrongly, which might likely get them off the game partially or permanently. How do you think a poor person will possibly invest more money into bitcoin than a rich person who has different and more cash flow daily, weekly, and monthly? If this is how you used to invest in bitcoin, I will advise you to change your investment mindset or pattern because you are likely to get burnt on your bitcoin investment because you are seeing bitcoin investment as a competition, which will make you invest in bitcoin above your discretionary income, and you will end up selling your bitcoin to survive.

Whether we are newbies or not, and whether we are rich or we are poor, it seems that EclipseXcrypto made some decent points, even if he might not have stated his points in any kind of an elegant way.

The point of the matter is that bitcoin seems to be in the midst of facilitating one of the greatest wealth transfers known to man, and surely there are a lot of folks who are failing/refusing to either pay attention to bitcoin or to act to stack sats.

Sure rich folks have a lot of advantages over poor people, and sometimes they have had way more opportunities and education than poor people were able to get, yet there are likely going to be a decent number of poor people who not only figure out bitcoin, but they also act upon their having had figured out bitcoin, and even though they are poor and they have to struggle way more than rich people, they still end up being more on the receiving end of the ongoing wealth transfer that bitcoin seems to be facilitating, and their being on the receiving end happens to come based on their persistence, consistence and their ongoing accumulation of bitcoin, even if they have to struggle a lot to accumulate such bitcoin, and if they also figure out how to accumulate bitcoin without devolving into gambling or spending beyond their means (their discretionary income), then they may well improve their chances of advancing their financial and social status relative to a lot of folks who are way richer than them, yet those other people fail/refuse to either appreciate the values of bitcoin or to act upon goals of accumulating bitcoin within prudent ways (and perhaps even aggressive ways).