Quote from: JayJuanGee on Today at 11:16:16 AM

Quote from: Asuspawer09 on Today at 04:46:17 AM

Quote from: JayJuanGee on Today at 01:32:32 AM

Quote from: Asuspawer09 on January 19, 2025, 11:59:14 PM

It would just depend on how you are going to look at it, I mean we all know that where kinda late in Bitcoin

Nope.

We all don't know that we are late.

What we know is that over the years, BTC's price went up.

We were obviously kinda late, and we know that we were late but I guess it's just difficult to accept that, so we all just believed that we were not late and still bought Bitcoin.

Even though you can say that market prices have continued to go up in the past years until now, but it wasn't guaranteed that it's going to continue in that direction. The market price just depends on supply and demand it doesnt have some kind of asset that is going to back it up so at the end of the day it is just speculation.

So probably we are all just Bitcoin believers.

Quote from: JayJuanGee on Today at 01:32:32 AM

Quote from: Asuspawer09 on January 19, 2025, 11:59:14 PM

but still the potential of Bitcoin is still huge if your gonna look at it at different perspective you could easily say that its not too late to invest on it simce it might even reach a million dollars in the future.

Now you are saying the opposite and acknowledging bitcoin's upside potential (probability) from here, and if I grilled you on the topic, then you would likely admit that the chances of bitcoin's prices going up are pretty high, especially for someone with a 4-10 year time horizon or longer.

Let's say that a person is around 35 years old, and he has an income of right around $35k per year. In the past 10 years, he had been saving around 15% of his income, so he has a pretty decently-sized savings of $50k, and he had always been concerned about the safety of his savings, and so he never wanted to put it at too much risk. He figured out a way to invest into some kind of a money market account that was largely able to provide him interest of right around 3% to 5% per year in the past 10 years, and he figures that he would keep earning that rate into the future if he continues to keep his money there, and he figures that the interest has caused some growth in his invested amount, but he still perceives that his investing and holding of his money in that account is not really keeping up in purchasing power.. but maybe at most, he is just losing slightly in real terms, even though in nominal terms he feels slightly below break even.

He heard about bitcoin as a potential alternative to his current investment situation, and he completely trusts you Asuspawer09.. He tells you that he wants to continue to save around 15% of his income, which today, he considers that to be $100 per week, and so he wants you to tell him what he should do with his money that he has already invested for the next 10-15 years (there would be no fees to move it). Are you going to recommend bitcoin to him, or are you going to suggest that he stays with what he has? Describe with some specific plan what you suggest that he does, and sure if you are having difficulties imagining giving advice to someone else, then act as if you were the guy in that exact situation, yet you have the same level of knowledge about bitcoin as you have today. Is Bitcoin part of your plan forward for the next 10-15 years and with the financial situation that I outlined?

I feel that I could pretty much outline a plan for him, but what about you? Let's presume that he does not have any other investments, he has a sufficient emergency fund and other back up funds to cover around 3-6 months of his expenses, and he otherwise has decently strong cashflow management practices. What are you going to tell the guy? When push comes to shove: Bitcoin or no? Bitcoin is overpriced or no? We are too late to bitcoin or no?

Edited my post.

It seems to me that you are largely just distracted and whining about the past, and if you answer my hypothetical, I am thinking that going through the hypothetical then the scenario likely will show you that you don't believe that it is too late to buy bitcoin, since I am anticipating that most likely you are going to recommend some kind of a bitcoin buying plan going forward rather than continuing to wait and whine about the past...

Part of my point is: Fuck the past.

Think about what are you (as a no coiner or a low coiner) going to do in relation to bitcoin today? right now. Are you buying bitcoin right now or not? Or are you just going to whine as a no coiner.. in the event of my hypothetical, I am specifically presenting you with a no coiner situation with a budget and with complete authority in regards to what this hypothetical no coiner does.

Is this no coiner buying bitcoin or not? or just going to continue to whine or are you going to tell him to wait for the dip?

What are you going to advise this no coiner in the hypothetical? You can play god in your response. Go on. Answer the question.. either you or any of the other members chiming into this thread and saying it is too late to buy bitcoin? Are you all refusing the no coiner to buy bitcoin right now? Are you telling him to wait before he gets started? What about yourself? Do you have enough coins or not?

If you have enough coins, then I understand that you have enough, then no problem waiting.. if you happen to be a low coiner (rather than a no coiner), then presumptively you are buying BTC rather than waiting for a dip. that may or may not happen.. but hey, I understand, guys do all kinds of dumb shit, including guys who supposedly know about bitcoin...they refuse to buy any even when they are low coiners and/or no coiners.. Many of us have been witnessing such phenomena for years and years and years.. and many many normies continue to wait.. Are they going to be helped by such waiting strategy, especially as a no coiner or a low coiner?