Quote from: Abiky on Today at 08:54:35 PM

Quote from: JayJuanGee on January 20, 2025, 11:15:58 PM

Bitcoin is not guaranteed to go up, so newbie no coiners and/or already existing low coiners still have to figure out their allocation size into bitcoin.. in the case that they already concluded that they are going to start to take a bitcoin position, they still have to figure out their accumulation approach and their position size in order to account for both upside and downside scenarios.

Of course not! But history has shown us Bitcoin reaches a new ATH after every bearish period. Take a look at past market performance to see for yourself. This gives us an idea that BTC will be much more valuable in the future. But I get your point. Some people are afraid in getting into Bitcoin now, thinking prices will suddenly go all the way down the drain. They prefer to wait until "the right time" to buy some BTC.

Maybe you might possibly and perhaps get my above point, yet your response was not really directed at my above point, in which I started it out by asserting that bitcoin is not guaranteed to go up.. and I continued to talk about attempts that any of us (likely including new entrants or even low coiners who are considering that they don't have enough bitcoin) should be preparing ourselves for BTC price moves in either direction.. and you seem to be deviating somewhat from my point.. even though sure in the end, there are all kinds of approaches that bitcoin accumulators might attempt to make.. and so then the thrust still should be getting back to the point that I was making in that particular response about my assertion that bitcoin not guaranteed to go up.. and perhaps that whatever measures that guys take should account for that kinds of an assessment - otherwise perhaps they might end up screwing up in regards to either how they allocate their cashflows and/or how much they decide to put into bitcoin.

Quote from: Abiky on Today at 08:54:35 PM

It's been only 16 years since Bitcoin's inception, anyways. Everybody's still early to the game. Once Blockchain becomes a part of our daily life (and the Internet is spread all around the world), that will be the day Bitcoin becomes fully mainstream.

Seems a bit of a crazy thought, even though there might be some connection with internet adoption and bitcoin, even though surely there are a decent number of countries with decently good internet adoption levels, yet still seeming reluctances about bitcoin...

Quote from: Abiky on Today at 08:54:35 PM

Then, it will be too late to get into it as prices will "stabilize" (sort of).

When it comes to widespread adoption of bitcoin, you may well be talking about 50-200 years or longer? Or perhaps you are expecting some other scenario, to the extent that any of us might factor the stablization question into our is it too late question? sure many of us might not be buying bitcoin in order to use it regularly, because we would need transactional avenues, so many of us might be buying bitcoin with price exposure ideas, and we might hold some of our bitcoin on exchanges and other parts of our bitcoin in various forms of self custody, such as hot wallet, medium wallet and cold wallet... but then again, might we have opportunities to use it or not?

Quote from: Abiky on Today at 08:54:35 PM

But I wouldn't expect this to happen anytime soon. Only within the distant future. Just buy, "hodl", and forget about the rest. Cheesy

You might be correct, even though I am not sure if forgetting is a great way of dealing with BTC holdings, and even if some of us might keep coins in cold storage, we might have to test our keys from time to time, and we might even consider changing our cold-storage set up from time to time... and then there could be some issues of whether we plan to spend our BTC prior to death (or our incapacitation) or pass some or all of them on to our heirs, which may well be more difficult in the self-custody circumstances, versus if we might have an account that allows for proof of death.

Quote from: Judith87403 on Today at 09:28:08 PM

Quote from: batang_bitcoin on January 05, 2025, 07:50:28 PM

It is never too late to buy Bitcoin. But it also makes sense for someone who didn't accumulated yet to say that it's too late buy when they feel that the current price is quite high. We can't blame them as well for telling that but you do you. If you believe on the long term holding of Bitcoin, you'd pretty much buy at any price levels doing the same DCA strategy of MicroStrategy, they don't mind about the prices, they just put where their money is. And, you're a lucky guy, how I wish I still got some dust balances on my old wallets.

Exactly, the reason why most people keep saying that this is not the right time to buy bitcoin is due to the price, and this same people was also saying that the price of bitcoin is high when the value was around $75k now this is it. so if you're still waiting for the right time to invest in bitcoin definitely you will end up investing in bitcoin when the value most have gotten to $150k, Is obvious that bitcoin is the most reliable crypto currency and it also has a good potential in the future, which is why we don't need to look at the price before investing as long as the money is there. However, there's no perfect time to buy bitcoin as long as DCA method is involved. you can actually buy bitcoin whenever time you chooses to buy without even paying attention to the dip or increase in the value, as long as you can be able to hold on to it for long term investment is assured that you will make a huge profit from your investment.

Your post has some internal inconsistencies Judith87403 including that in the end you proclaim that long term investing into bitcoin assures great profits.

Another inconsistency is that you seem to be implying that anyone might be able to lock in some kind of a BTC price, even though surely you realize that DCAing into bitcoin ends up playing out with the buying of BTC at a variety of prices, so surely we might have had started in bitcoin around $75k, or even lower, yet we still might not have an average cost per BTC anywhere near our starting price point, and the same goes with $100k or $150k or whatever might be the starting price.

Even folks who are able to lump sum invest into bitcoin and/or to attempt to frontload their investment, it may well NOT be too practical that any of them buy a few times and then just stop buying bitcoin, so I would think that it would be quite rare for most folks to actually establish their bitcoin position in a short-period of time and even if they do, they probably would not be investing into bitcoin in a very smart way, especially since it is likely a better practice to continue to buy bitcoin on an ongoing basis, even if there might have had been some front loading of the investment at various early starting price points that might have had been relatively low.

Surely many of us realize that it can take a long-ass time to build an investment, and most likely the folks who invest into bitcoin with ONLY a few injection points, those folks are likely way too whimpy in their bitcoin approach, and even though people are free to do whatever they like, there still end up being a lot of folks who later realize that they wee way too whimpy in their bitcoin investment and likely the smart ones will end up reigniting their BTC buys, and sure there could be some circumstances, where they had earlier opportunities to buy bitcoin based on their discretionary income, yet by the time they realize that they were way too whimpy, they no longer have much if any discretionary income.