Quote from: JayJuanGee on January 26, 2025, 07:02:24 PM

Quote from: MusaPk on January 25, 2025, 07:40:57 PM

Quote from: JayJuanGee on January 24, 2025, 01:13:50 AM

For sure, young people frequently will make pretty dumb-ass decisions when left to their own devices, and sometimes they cannot differentiate between good ideas and bad ideas, yet it still seems like something that they have to figure out and balance on their own, and surely sometimes we might help them in figuring out how to weigh the tradeoffs rather than proclaiming that we know the best answer for their situation (even if we might know them well).

It's not there mistake. When we were young we also made such mistakes, with time we learn and are position to make better decisions. No matter how much you guide a person who is in his teens or early twenties, he wont pay much attention to an experienced guy advice.

Whether it is their mistake or not, I am describing a kind of reality in which teenagers and even guys in their early 20s tend to have difficulties controlling their egos and their hormones, and so I am not blaming them for challenges that a lot of young folks have in regards to saving themselves from themselves.

I imagine that sometimes parents, teachers and/or role models can be helpful to young people who are receptive to being helped and towards helping them to channel their own internal and potentially destructive forces.

I am not suggesting that human nature has to be changed, yet many of us know that there are guys who figure out how to manage their demons better than other guys in regards to making sure that they don't end up recking themselves too early in life, and surely there are guys who have more resources and they can afford to fuck up hundreds of times and receive bailouts.. and other folks might not have too many ways of being rescued, so there are inequalities in terms of the challenges an the resources that any guy is going to start out with.. and I am not even proclaiming starting points are fair and I am not even proclaiming that everyone has even close to similar possibilities to break through whatever their particular challenges might be... ..some kids are so fucked up by the time they are early teens that they might be difficult to get on the right track by the time they are in their late teens and early 20s.

I also don't claim to know the solution, except each person has some responsibility to try to figure out their own situation and their own obstacles, including that if we might be in a position to help out some other young people who we consider to be deserving, we might consider trying to help out some other people, yet I am not even proclaiming that we have any obligation to help out anyone else, since each of us has to figure out those kinds of parameters, too...because even trying to help someone else (or to help out a group of people) can be quite challenging in terms of how much work and even possibly bringing problems upon ourselves to reach out in certain kinds of ways that we might consider to be too potentially costly to ourselves.

Of course with bitcoin, there can be guys with all kinds of screwed up parts in their lives, but if they are young, they still have time on their side, so maybe with bitcoin they can find ways to just figure out ways to prioritize bitcoin in such a way that involves something like a mere $10 per week, while they also are sorting out other aspects of their lives, and perhaps it takes several years to get other matters sorted out and in the meantime they are at least building $10 per week in bitcoin, and a couple years down the road, they have put bitcoin accumulation systems in place for so long, they are able to then increase their weekly allocations into bitcoin or otherwise start to dedicate more time and energies into bitcoin.. and the process of both getting started in bitcoin and building enough of a comfort level might take a bit of time, especially when some guys might have a lot more challenges in their own particular circumstances...

And, by the way, I am not ONLY picking on young people because there can also be older people who still have not recovered from their screwed up youth, and so guys might be in the 30s or 40s and still have not gotten anywhere in terms of building up any kinds of savings and/or investments.. so they also might get lured into get rich quick nonsense, trading and/or trying to take short cuts in order to make up for their screw ups in the past, which probably if they are engaging in those kinds of behaviors they are likely just repeating their same screw ups, so they likely need to get into an investment mindset into bitcoin, even if they are ONLY able to start out with $10 per week while they get other parts of their life in order so that they might be able to increase their weekly investment into bitcoin up to $100 and beyond.. which surely also includes an investment of time and energies into bitcoin too.. but the financial component should be able to be started as soon as possible and to learn along the way.. and yeah, it is still early for anyone who is wanting to get their shit together and build into bitcoin for 4-10 years or longer.

Quote from: lizarder on January 26, 2025, 12:20:06 PM

Quote from: Ruttoshi on January 24, 2025, 09:56:41 AM

No successful investors sat in his house and became successful over night without taking risk. Risk takers will always learn new things from their experience and will strife to achieve their goal. Investing in bitcoin is worth taking the risk, because you are building and growing wealth for your future by only buying bitcoin with DCA regularly every week or month for 4-10 years above and hodli for long. Kidnappers, drug traffickers and even politicians takes some high level of risk to achieve their goal. Talk more of bitcoin investment that you are only to be buying with little amount from your discretionary income as a constant practice, so that you can upgrade your financial status in future with your bitcoin investment

Even if there is I am not sure they get success in a short time and taking risks with sufficient consideration also does not necessarily provide success in a short time. There is a process that we may need to go through, especially in carrying out investment and we are required to understand the pattern in running so that when starting an investment, we have a view on how to start correctly. Investing in bitcoin will be commensurate with the capital we apply, but if the investment is used for the long term, it will be more potential in the return process.

The question is how consistent we can be in running purchases based on our financial capabilities. Even if you have a DCA strategy that can be applied, if someone is not consistent, it is difficult to achieve success, that's why consistency is needed in running investments so that we can achieve success.

For sure, we are not wanting to be consistent in our bitcoin investment for the mere sake of being consistent or because someone else tells us that we need to be consistent.

The reason that we want to be consistent is to continue to show to ourselves that we are prioritizing learning about bitcoin and investing into it in a meaningful way. We are reinforcing our values every single week, especially while we are growing our investment, and it may well take us a whole cycle of 4 years before we are even starting to feel convinced about bitcoin, and part of that building of our conviction of bitcoin likely comes from our ongoing consistency, whether we are choosing $10 per week or some other amount, and whether we are dedicating 4 hours a week to learn about bitcoin or some other amount of time.

None of us can choose for another person, and each person has to figure out for himself how much he can invest into bitcoin on a weekly basis without either overdoing it or underdoing it, and no one is going to cry for the other person who chooses waiting as their BTC investment strategy. Waiting is not a good strategy, even though surely there are a lot of people who choose that strategy, either purposefully or inadvertently.

Quote from: Frankolala on January 26, 2025, 05:34:18 PM

Quote from: Xcode7 on January 26, 2025, 05:22:12 PM

Quote from: lizarder on January 26, 2025, 12:20:06 PM

Quote from: Ruttoshi on January 24, 2025, 09:56:41 AM

No successful investors sat in his house and became successful over night without taking risk. Risk takers will always learn new things from their experience and will strife to achieve their goal. Investing in bitcoin is worth taking the risk, because you are building and growing wealth for your future by only buying bitcoin with DCA regularly every week or month for 4-10 years above and hodli for long. Kidnappers, drug traffickers and even politicians takes some high level of risk to achieve their goal. Talk more of bitcoin investment that you are only to be buying with little amount from your discretionary income as a constant practice, so that you can upgrade your financial status in future with your bitcoin investment

Even if there is I am not sure they get success in a short time and taking risks with sufficient consideration also does not necessarily provide success in a short time. There is a process that we may need to go through, especially in carrying out investment and we are required to understand the pattern in running so that when starting an investment, we have a view on how to start correctly. Investing in bitcoin will be commensurate with the capital we apply, but if the investment is used for the long term, it will be more potential in the return process.

The question is how consistent we can be in running purchases based on our financial capabilities. Even if you have a DCA strategy that can be applied, if someone is not consistent, it is difficult to achieve success, that's why consistency is needed in running investments so that we can achieve success.

First, understanding investment patterns is certainly very important to be able to get good results in investing because without understanding it, we can make mistakes when deciding to run an investment and also harm ourselves, and choosing to survive in the long term is the right choice to be able to look forward to the benefits of the investment.

To be able to carry out investments consistently, of course we must have a good source of income so that we do not encounter problems when carrying out investments that make us have to take back the assets that we have invested before reaching the profit target that we have previously set.

An asset like bitcoin shouldn't be sold because of profit. Bitcoin is worth hodli till old age since bitcoin is still young and growing, which means that the price increases in value overtime. If you sell your bitcoin investment because you have reached your targeted profits, what will you benefit in holding fiat that depreciates. If you use it to put into any investment, bitcoin will still outperform such investment. If you have a company will you sell it because you have achieved the profit you want?

However, you maintain it and make sure that the company keeps flourishing for more future profits. Bitcoin is far better than a company, because it's the future, so threat your bitcoin investment as something very precious to you because it has the potential power to make you financially buoyant in future.

You are not wrong, Frankolala - even though you might be getting ahead of yourself.

Of course, many of us have to work on getting to a status of overaccumulation of bitcoin before we even start to consider whether selling BTC might be one of our options in regard to how we might deal with our having had reached such overaccumulation status.

For example, we might have a person who spent the last couple of cycles accumulating bitcoin - maybe fairly aggressively at $200 per week, so sure such person may well would have had been being as aggressive as he could have had been within his own financial circumstances, and so then now this guy might have had invested $83k into bitcoin, yet he still ONLY has right around 10 BTC, which he might consider is not quite enough in order to be at an overaccumulation status. He might consider that he needs around 21 BTC right now to be at overaccumulation status, yet he can see that if he continues to accumulate bitcoin for another year or two, his accumulated BTC might be getting closer to being enough since the quantity of BTC necessary for his target keeps coming down.

The guy might not be 100% sure about his target and what he will be able to do once he gets to his target, yet he knows that his options will open up once he is at an overaccumulation status, so he might choose to shave off BTC from time to time or he might see if there might be ways that he can loan out his BTC without having to sell any BTC or other options that he might have in regards to managing his BTC, including that his no longer feeling that he has to accumulate more BTC also frees up the $200-ish per week that he had been investing into bitcoin and he can use that $200 per week for other purposes since he has assessed that he has reached a status of having more than enough BTC.

You are absolutely right! 20 year olds make many wrong decisions because they are unable to control their hormonal power! And they also have to face many losses! Your statement was policy-oriented! And in my opinion, both parents and role models of teenagers should continue to educate teenagers on this issue! So that teenagers do not make wrong decisions! And do not do anything bad while investing.