Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Gooner0
on 19/01/2025, 07:57:20 UTC
I have known about Bitcoin for a long time, I did not want to give importance to it. I thought that maybe the price of Bitcoin would go down further and I would be able to buy from the dip. But after waiting, now in 2025, I understand that maybe if I could have bought Bitcoin at that time in 2024, I would have been able to buy it for 70 thousand per Bitcoin. But as time goes by, the price of Bitcoin is increasing. Moreover, the money that I had put aside has decreased slightly due to inflation. That is why I have now been able to realize that if I buy Bitcoin and hold it, then even if the price of Bitcoin decreases, I am safe because I want to accumulate Bitcoin there for a long time. If I make a bank or any other investment, my chances of loss may increase rather than profit. But Bitcoin is now becoming more attractive than other valuable assets. If i want to keep myself in this competition, I think it is better to accumulate it without waiting any longer.
First of all you acted like a fool because dips in bitcoin market are unpredictable, many people miss their investment by waiting for the dip time. Second, you made the wrong decision because you didn't buy Bitcoin even though you had the opportunity to buy Bitcoin. A person who has money should always think that the price of Bitcoin is low in the market right now so that he is interested in buying Bitcoin immediately, this means he should never wait for a specific dip time. Waiting for the dip period means later regret for not being able to invest, as per your mentioned statement you regret now because you missed the opportunity to buy bitcoins and miss the opportunity to invest. So maybe you still have enough time, i.e. still enough opportunity to invest in Bitcoin.
Of course anyone who has a disposable income can invest into bitcoin, and if he was not able to buy yesterday, then he would need to buy today, since we cannot go back to yesterday.

There is an overwhelming quantity of the world's population that does not have any bitcoin or ONLY has small amounts of bitcoin, so surely a guy who had not invested yesterday would still be advantaged by investing into bitcoin today rather than waiting further.
By telling the part of my post that you bolded, I tried to convince him that you still have an opportunity to invest in Bitcoin ie you can start investing today, there is still an opportunity to buy and invest in Bitcoin immediately.

In fact there is no need to wait to invest in Bitcoin or buy Bitcoin if the person has the income. The longer one waits for the dip period to invest in Bitcoin, he will fall further more behind. It is completely unpredictable when the market dips, so buy bitcoin immediately if you have the money without wasting precious investment time. We have seen in the last few days that Bitcoin price was low in the market but now it is back above $100k dollar, So those will delay buying Bitcoin, meaning they will definitely regret it later if they miss any opportunity to buy Bitcoin.
This is just one of the mistake most Bitcoin investors usually do because they feels like the value of Bitcoin has gone too up and they feel cheated if they buy now, not knowing that we are still in the early days of Bitcoin, so as such, it's still very cheap comparing to how much it might get up to in the future, and just as you rightfully said, the more they wait for it to dip so that they can buy, the more the value goes up and they missed out on that buying opportunity, so it's very important that as a Bitcoin investor that has the intention of holding Bitcoin for a very long period of time, he has to buy Bitcoin continuously regardless of it current price and accumulate a very good stash of it, so that it can change his or her financial status forever when Bitcoin has gone above a million dollar in the future, not by waiting for a dip that may never come again an, which might make them miss a whole lot of buying opportunities that they would been very much beneficial if it was taken, so buying Bitcoin regardless of it current price is very much important if you really want to have a very good stash of Bitcoin in your possession.

It might not hurt for beginners to hold a little bit of cash in reserves in case the BTC price dips, yet I really mean a little bit...and the fact of the matter is that if the beginner is buying every week, then they will catch any  dip, and the main focus is to establish some kind of a stash and the price does not really matter that much because if bitcoin is being bought every week, then it is being bought at more or less the current BTC price whatever the current price might be.. and then surely after the beginner establishes a bit of a BTC stash, then maybe at that time he might start to feel a bit more luxury to hold more cash in reserves for buying on dips rather than just buying all of the time...

I suppose an overwhelming majority of beginners just have trouble mustering up confidence to buy bitcoin all of the time and at any price until they get to a certain amount invested into bitcoin.. . and then even then, what are beginners able to invest?  I know that there are some folks who struggle to get $10 to $50 per week to put into bitcoin and there will be others who are able to put in $100 to $200 or maybe even more, so there is a certain value of just staying focused and ongoingly buying bitcoin.. for 4-10 years or longer... .and that is if you are beginner investor. 

If you are a person who has already been investing in various other assets, then you likely have more luxuries to potentially front load your position into bitcoin, so then at that point you look at your other investments and you try to figure out what percentage you want in each and what is your target percentage that you want to get into bitcoin, and perhaps you figure out that the amount should be somewhere between 5% and 25%, and sure if you are really bullish about bitcoin, then you would aim for 25%, and if you are really whimpy about it, then you would aim for 5% or perhaps you figure out an amount that is appropriate for you, and if you already have investments, then you figure out some strategy to get your allocation to your target and figure out if it might take you 3-6 months or maybe a year or some other timeline that you consider to be reasonable to get your allocation into bitcoin, which also can be somewhat individually tailored answers to those kinds of questions about how much is such a newbie investor ready, willing and able to put into bitcoin and how to get to that target.. and surely even a person who might figure 25% is his target, he still might continue to allocate after reaching his target, since at that point when new money comes in then a certain percent of the new money would be invested potentially into bitcoin and any other investment that the person might have.

Disadvantaged person might be those who already have 401ks and other investments, and part of my luck in getting into bitcoin was that in late 2013 I was transitioning away from my 401k (sure I still had it), and I was looking for a supplemental thing to invest into, which ended up being bitcoin.. and I am not really sure if I would have noticed bitcoin while I was still in that job that had a pretty decent and generous 401k.
Any one doing a 9-5 job with a good paycheck back in 2013 , would be a bit skeptical or less interested in Bitcoin.
But lucky you , you invested in Bitcoin when you left your comfort zone.
Some people back then went into real estate, the stock market, or Gold.