I totally understand your point though sometimes it is not just about knowing something that will make one to be aware of the benefits of that particular thing because I have seen a lot of people who understands or let me use the word know, they know Bitcoin but they don't still understand the benefits of holding for long term because they are just in interested in short term profit. However, the time one start holding Bitcoin doesn't really matter what matter is, how consistent, discipline, patient etc they are with their holding and the ability to manage their investment.
I don't always blame those who did not invest in Bitcoin, some are
not inclined to internet investment, while others who can risk it might not have the needed trust in it, and you can't blame them for that, it takes time.
Even though you are factually correct that bitcoin is "an internet investment," it can be quite problematic when bitcoin is actually thought of in that kind of a way, even if it is factually correct.
There has to be some kind of a feel or understanding regarding how technology has actually discovered (if not invented) a way in which there is a money (namely bitcoin) that is more sound than any money that has ever existed.... and a kind of way that bitcoin has changed all previous paradigms of how value is stored and/or how it is transmitted, and yeah it is digital and it is information that has value attached that cannot be duplicated.. and yeah there is technology that is still tethered to man and interactions through the energy invested into mining that solves the blocks yet incentivized the competition of miners to attach real world computation/energy to rewards that come through correctly guessing the blocks.. and for sure technical and for sure ingenious, yet at the same time a paradigm change in money.. that may well be close to impossible to replicate - even though there are surely a lot of attempts to replicate, imitate, copy and really affinity scam off of it, and at the same time, bitcoin is the one that resolved the issue and bitcoin is the leader not ONLY because that they were first, but that the same problem has a very unlikelihood of replication, including that there are no needs for any others once pegged to bitcoin..
and yeah, there may not be any needs to understand anything too exact about why bitcoin resolves any problem to accept that taking a position in bitcoin is still within the interest of everyone, and sure the more skeptical may well end up taking a smaller position than the one who believes more, yet the answer to the question about investing into bitcoin should end up being not about whether but instead about how much.... and so anyone answering no to the whether, then they are just going to have to live with their chosen state of having fun staying poor, at least until they might later come to bitcoin at a later date and then end up answering affirmatively and correctly to the "whether" question..
Surely some folks have challenges when it comes to the technological part, so figuring out whether to store bitcoin through some exchange (third party) or figuring out how to hold it themselves in a secure way... and I am not going to say that the hurdles of getting in are easy, which likely helps to demonstrate that any of us buying and/or adopting bitcoin and answering affirmative to the whether question, are still quite early to bitcoin.
Many have also been scammed in the name of Bitcoin, with Ponzi, direct fraud and even by those who introduced it to them, and their mentors. Not everybody is lucky to follow the right channel and I tell you today that my adoption of Bitcoin was late because of my scepticism then and I would even have been scammed by all those useless centralised wallets like freewallet.org.
Yep. Not easy to figure out both 1) bitcoin first, and 2) don't fuck around with trading. Two important lessons for beginners to hopefully learn earlier rather than later.
Thanks to Bitcointalk. So we should continue to encourage those who are in this category, guide them and furnish them with the needed resources to read. With time, and also with how Bitcoin has proven itself to be a worthy investment, they will be convinced and invest eventually.
Any newbie. Start buying as soon as you figure out how to source coins, and learn as you go. Owning bitcoin will inspire learning, even if the starting amount might be $10 per week...and the building of the stash and the amount invested per week can increase with the increasing of the learning and the building of the comfort about cash management skills which are likely close to as important as learning about bitcoin itself... Out of the
9 individual factors, figuring out the value of bitcoin as compared to other places to put value is only 1 out of the 9 factors.
I definitely agree with you because you don't need to wait for a dip period to invest into Bitcoin because deley could be dangerous the best time you need to invest in Bitcoin is now so when it gets to the dip period you can actually get your return on investment
One thing we need to know that Bitcoin is that it grows in value over time so in terms of investing you don't need to wait till the price of Bitcoin gets to a million dollars before investing now is the best time to invest into Bitcoin
Anytime I see someone waiting for the dip to invest in Bitcoin, I always feel like that person is missing an opportunity, because regardless of the price of Bitcoin at the time you want to invest, you will definitely get a profit after holding for a long period of time. Bitcoin grows in value, and that is why I feel like it is always the right time to invest. As an investor who already knows about Bitcoin, you should be aware that with the current growth of Bitcoin, there is still a bigger one coming.
Maybe because that's what they know about investing on Bitcoin people commonly think that buying at the dip then sell is is the most basic thing they need to do. But they didn't realize that they are not doing good since it will just delay their accumulation and instead of they already have decent volume here they are still waiting for dip and still speculating.
If they didn't erase the thoughts that buying at the dip provably that they cannot start on their investment since fear is so high when market is dumping. But if they are already starting and didn't care about the price provably that their accumulation will continue and they provably not gonna bother to pay attention with FUD's and FOMO's.
That is a nice way of placing a psychological and a practical framework on the idea of getting started to matter the current BTC price.
Accordingly, getting started factually resolves a lot of issues that any newbie might have, including putting financial and psychological matters into a kind of solid place so that if there later happens to be a dip in the BTC price at some later point in time after the newbie had already started buying bitcoin, the newbie will be in a much better position to actually personally realize and identify the significance of the dip in personally relevant and meaningful ways based on their already being in a personalized practice of buying bitcoin regularly..perhaps even several weeks before some of the practice of buying bitcoin regularly contributes towards understanding bitcoin on a much deeper level than the person who has absolutely no personal bitcoin experience beyond theorizing about it or seeing it mentioned on some misinformative and deceptive news clip.
I think there's no harm in waiting for a slight decline to make purchases on bitcoin.
There is no harm as long as you have already bought some and even if you have been buying bitcoin regularly, persistently, consistently and perhaps even aggressively. If you have not already bought some bitcoin, then there likely is quite a bit of harm in waiting, since waiting is not a good mindset or practice, especially when it comes to bitcoin investing. So, yeah, I would suggest that there can be quite a few situations in which waiting, especially when it comes to bitcoin, is actually harmful even if the person might not realize the level of harm actually being done...
Reading through all the quotes on this post, what I can sum up is that if a newbie has equipped himself with the correct knowledge of how Bitcoin circle works, they don't need to wait till we enter bear run when price has dip because when it's bull run price will always peak and touch new ATH. For people who are in it for the long term there is no reason to worry and speculate when Bitcoin will rally because they know it's potentials to always skyrocket during it's bull circles. That is why DCA method comes highly recommended for people who thinks that they are not moneybags that can turn to whales and accumulate enough stash all at once, there is no genuine excuse for somebody that earns decent income not to accumulate Bitcoin. From my little research I found out that many newbies are waiting for the perfect time to start buying when Bitcoin will probably dip to $40k and below but they fail to understand that they can wait an entire circle and it won't happen, time waits for no man. Nobody can manipulate Bitcoin price on the long term so buy anytime that you have the money, stop speculating the perfect opportunity, unless you want to take profit on the short term.
I don't worry about people who are still skeptical about Bitcoin in 2025, or those that are not internet compliant, Bitcoin is a moving train, whether you are on it or not, it's moving and those that have made the decision to hodl are getting returns on their investments. This fact is obvious as more people are becoming aware of the transparency of the blochchain and the testimonies of people that have gotten rich through their investment returns. Bitcoin adoption is increasing and the sooner that people that are not on it realizes it the more profitable it will be for all of us in the future because it's finite supply will always create scarcity which will make it's price to always reach ATH.