Quote from: JayJuanGee on Today at 09:54:41 PM

Quote from: MusaMohamed on Today at 03:58:50 PM

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

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?

This question was asked many times in the past because Bitcoin has made many new all time highs and with each new ATH, this question appears.

With total 5270 days, and total 5261 profitable days in Bitcoin history, it's imaginable that how many times "Am I late with Bitcoin" question was asked. Perhaps it was asked thousands of days but in times, it's uncountable.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

Of course, by definition, whenever bitcoin reaches a new ATH, then all of the days prior to the new ATH end up being profitable (at least in nominal terms), so it is hardly saying anything to count the number of profitable days, since that is ONLY describing how many days bitcoin has been in existence.

It also likely does not matter how many times the question of "is it too late to buy bitcoin?" asked because every person who first comes to bitcoin is going to ask that very question whenever he first comes to bitcoin, and a person could come to bitcoin at any time along bitcoin's existence timeline.

Even if a person might have first asked himself such question at various points in the past, if he has not yet bought any bitcoin or answered the question in the negative, then he likely is going to continue to be confronted by the same question until he both creates some kind of a bitcoin buying plan and then starts to act upon such bitcoin buying plan.

Sure, there may well be a lot of folks who come to the wrong answer, by concluding that it is too late to get started in bitcoin, and perhaps those people need to spend time learning about bitcoin in order that they can figure out how to come to the correct answer.

Personally, I think that the ONLY people who are correct in their assessment that it is too late to get into bitcoin are those people who are not able to establish at least a 4 year investment timeline based on something like their age or their health circumstances. Surely also those people who have no discretionary income and have no way of getting to a point to having discretionary income, those people also would not be in a position to get into bitcoin, so they might be too late in the event that they might have previously been in a position to have discretionary income, but no longer are capable of being in such a status of having discretionary income.

Quote from: MusaPk on Today at 05:27:23 PM

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

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.

This is just like
Question: What is best time to exercise?
Answer: Any time of day is better than no exercise.
It is best to accumulate Bitcoin at any price rather then not accumulating it at all. The main reason for starting this thread is to share my personal experience of how investing in Bitcoin when its over 50k is still profitable. We can gain knowledge with what has happened in the past but there is no benefit of crying over the lost opportunities. There are lots of opportunities still ahead, focus on those.

Every day, we can ONLY assess whether it is too late or not from today.. so if we already have a plan that we are regularly executing, then we have already answered the question in the negative, and sure it could well be the case that we ONLY have money come available once a week, so we may well not be in any kind of position to answer the question about whether it is too late, until the money comes in, and then at that time, we might already have a pre-planned amount that we buy, or we might have to determine the amount to allocate into bitcoin as the money comes in, so in that case the exact amount might be flexible.. so we might have had already determined for the week that it is not too late to invest into bitcoin, yet we still have to figure out what the amount is going to be for this week, since we might not want to overdo our amount and we don't necessarily want to under do the amount either.

There could be some of us who don't feel comfortable committing to buying bitcoin every week, so we might have some other criteria that involves buying at least once a month or some other criteria, so we had not concluded that it was too late to buy bitcoin, yet we had set some parameters on our buy times that might even have both price and time components that help to guide us in our buys.

Quote from: MusaPk on Today at 05:27:23 PM

Just invest in Bitcoin and forget it (without losing the keys of course).

Why are you trying to tell people what to do? Some people prefer to be more active, and other people might feel that they don't have time to look at their BTC, and of course, the more that we might have some kind of an automated plan, and the more that we might have other things going on in our lives, then sure we might not have time to be looking at our bitcoin or even considering ways that we might tweak our BTC accumulation plans in any kind of way.

Quote from: MusaPk on Today at 05:27:23 PM

I was also of the view previously that buying must be at dips but when we know it's the dip or we have reached the bottom.

Buying at the dip could be a good strategy for someone who already accumulated a lot of bitcoin, and they surely could use buying at the dip as a way to supplement the other strategies, such as DCA and/or lump sum buying.

Surely buying at the dip could be a problematic strategy for either a no coiner or anyone who might consider himself to be a low coiner. I suspect that an overwhelming of the world's population are either low coiners or no coiners, so it seems to me that buying at the dip would be a problematic approach for an overwhelming majority of the world's population, so surely to get to a point in which buying at the dip might be reasonable and/or practical for your own situation, you would likely first have to get out of no coiner and/or low coiner status.. which surely it could take quite a while to get out of such status... but hey whatever, guys can do what they like, including that probably too many guys end up erroneously concluding that they are no longer in low coiner when that is not the reality of their own status.. they just don't realize their own mistaken assessment of their own status. There is ONLY so much that any of us can do to help others to recognize and/or appreciate the problematic nature of their either being a no coiner and/or a low coiner and choosing not to buy bitcoin regularly, persistently, consistently, ongoingly and perhaps even aggressively. In some sense, people have to figure out how to help themselves in regards to their own assessment of their status.

Quote from: MusaPk on Today at 05:27:23 PM

Right now Bitcoin is at 105k and may be it's the dip or low value since we don't know what price Bitcoin is going to take in this year or next. Better start investing at some point rather then saying its too late now.

Yep.. anyone who is a no coiner needs to start at whatever price. Low coiners might have more flexibility, especially if they are already following some kind of a plan that involves regularly buying bitcoin, then they just have to make sure that their plan is reasonable, practical and appropriate and if so, then just continue following their already existing plan. There may be needs for some guys to adjust their plans, yet sure it can be difficult for any of us to help them in terms of their own assessment in regards to whether their BTC accumulation plan is adequate and if their following (execution) of the plan is adequate.

Quote from: Casdinyard on Today at 09:42:52 PM

I cashed in on 28k back in 2023, told by a lot of people that I'm stupid as fuck cause bitcoin's already got as big as it got and it will never pump any higher than 40k in the near future. As of this moment I'm still holding and have already more than doubled the money I put in.

You can't be too late with bitcoin especially these days, there will always be a higher price point that you will be able to reach given enough time. At the current state of bitcoin, at least in the foreseeable future I can safely recommend investing on bitcoin as long as you hold it long and don't sell every time the coin drops a cent like these paperhands.

Well? You are describing a mistake that you made to sell too many coins too early in 2023 at $28k, yet at the same time, you seem to be suggesting that you have learned from your mistake since your BTC has now more than doubled in its value since you got back into bitcoin?

You talk about not selling, yet at the same time, I am having trouble believing that you have gotten out of your trading mentality.

According to your forum registration date of late 2015, you have had opportunities to acquire a lot of bitcoin and also to largely hold the bitcoin, so your BTC holdings could have had gone through a lot of doublings in value (compounding upon itself, over and over and over), yet you only mention one doubling?

I wonder, have you figured bitcoin out as an investment rather than a trade, yet?

Don't get me wrong, since I don't even want to verbally beat you up, since many of us likely realize that we can spend quite a bit of time in bitcoin, and we can end up making a whole hell of a lot of mistakes along the way, so I might even concede that you might have spent a whole cycle or more making mistakes prior to figuring out bitcoin should be an investment rather than a trade, so in that regard, even if you decided to stop fucking around with attempts to trade bitcoin, you might have had figured out to start to accumulate bitcoin in around late 2019, and still been able to get to a fairly solid investment point, so that you were not continuing to make trading mistakes..

....so I am not sure.. .your post is hardly inspiring me that you have learned any lessons from your past mistakes, especially if you had gotten persuaded to sell bitcoin at $28k in 2023.. and so in that regard you are likely somewhat similarly vulnerable as the paper hands that you mentioned... and sure maybe you are not quite a paper hand, but still.. I wonder? have you figured out the errors of your ways, yet or not?

Do you have any kind of long term bitcoin plan, or are you just attempting to play our current price wave? so in that regard, you don't consider yourself a paper hand because you have not sold yet, and instead, you have some kind of a plan to sell at some higher price point, and is that really a good idea, or not? None of us can necessarily save you from yourself, and surely there are quite a few guys who talk a good game about being investors rather than traders, yet at the same time they are largely not even able to accumulate bitcoin for at least a full cycle before they start fucking around to sell some or all of their bitcoin with a goal of buying more BTC cheaper, and in the end, they likely still end up with less bitcoin, less of a focus and probably worse off than if they had stayed focused on accumulating bitcoin for at least a whole cycle and perhaps even more than a whole cycle since it takes a fucking long time to build up an actually decent investment portfolio, whether referring to bitcoin or any other kind of investment portfolio, yet of course, bitcoin seems to be the best of the assets (if not the actual best?) to be building up in our investment portfolios.

I believe there is no 5 year date to date that btc is a loser.