Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Who says it's too late to buy Bitcoin?
by
MusaPk
on 23/01/2025, 19:17:11 UTC
⭐ Merited by JayJuanGee (1)
for example, a person who might be early in life and without a career, such person may well want to focus on learning and building job skills and connections in order to later be able to obtain a better job that results from some ways that any of us might need to train and spend time to be able to become invited into certain kinds of work that might pay us more  so that we might be able to invest more (financially) at a later date.

Those who are early in there career path should focus on there job and business that can help them earn money which they can invest at later stage in Bitcoin. Because we need money to invest in Bitcoin and it has to come from somewhere. It will be a big plus if you start investing in Bitcoin at very early stage like if someone is 25 years old and has just started job. If that guy can start investing in Bitcoin now at 25 years  then by age of 35 years he can have good amount of Bitcoin at his disposal.

And, yeah, I am having some dilemmas, since of course, people who are actually going through those stages in their life might not either be in a position to  figure out how to invest into bitcoin now, and/or even if they might have spare time to be able to study into bitcoin and to spend time to learn more about bitcoin...and perhaps then still be able to buy $10 per week of bitcoin while they are also building foundations of their career if they might have some other ambitions in  life or perhaps some younger people might already be close to finishing all of their academics and internships and so when they hear about bitcoin, they are not really in a position to drop other things that are happening in their life, even if they might recognize that there is some competing importance in regards to involving themselves in bitcoin in one way or another.. to the extent that they might have time, energy and/or money available to invest into bitcoin, even if starting with small amounts.

For students, even 10$ is a big money and they spend every penny they have with care. Not many students have the idea that if they don't wait for tomorrow and start investing now, it will be beneficial for there future. Imagine if someone is a student in 2017 and start investing in Bitcoin then he has a portfolio that is seven years old and with time people can figure out how much more they can invest in Bitcoin. Like if I was a student in 2017 and invest 10$ weekly into Bitcoin and in 2021 I was a graduate then I have room to invest more in Bitcoin.


Well for sure, even if you are saving up for a car, to build a house or to buy a house, there are likely quite a few advantages if you are able to save that in bitcoin rather than either saving in cash or some instrument that is related to cash, yet I have some trouble recommending bitcoin as a trade.. ..even though it  seems that if your timeline is greater than 4 years, then you might be able to leverage your bitcoin into some other asset (or consumption good), yet we know at the same time, that if we come to bitcoin during a downside period of the cycle, then it could take more than 3 years to get back in profits, and also that profits are not guaranteed in bitcoin, though surely regularly investing and buying bitcoin has tended to do a lot better over longer timelines, yet there are a lot of people who end up playing the wave, buying a car or house and then ending up without any bitcoin, so sometime it can be better to allow the bitcoin to ride a bit longer, yet sure there are sometimes where guys are able to catch short term Uppity waves in the BTC price and they might not even have to cash out all of their bitcoin in order to get the advantage of the wave whether that is with a car or house purchase or some other kind of a purchase... and so yeah, they still might have bitcoin left after cashing out large portions of their stash..   I tend to prefer a slower cashing out and also just making sure that your stash is high enough before cashing out too much too soon, even though I understand that some guys will end up cashing out too much too soon in order to satisfy some of their consumption wishes, whether a car, house or some other thing that might have mixed utility and consumption attributes.

If you already have a car and you want to upgrade it in next 5 years or if you are living in rented house and your employer is paying you rent of house and you have 5 to 10 years to build your house then one must go for investing into Bitcoin rather then saving cash in bank. Since cash depreciate in value over a period of time. But if you are in rush then one must keep this thing in mind that investing in Bitcoin is not for short duration. Regarding cashing out, it should only be done if you have enough number of Bitcoins and selling some won't have any impact on your overall portfolio health.