Quote from: MusaPk on Today at 07:05:28 PM

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

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.

Perhaps young blood has it's own perspective of looking at things. They think whatever they are doing is right, but credit goes to 'time' that teaches everyone of us a lesson that change our perspective towards life and that's what is called as maturity.

If we are older, we likely have gone through that and seen others going through some of the same, and surely we know that there are differing personalities and some folks can handle (and control themselves) better than others. Some folks are overly risky and some are overly conservative.

Quote from: MusaPk on Today at 07:05:28 PM

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

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..

I have seen cases in my circle that kids that are born in rich business families are now rich as adult just because there father left enough for them in business that even after fucking up business twice they have capital to stand up. Of course if you are born in such families then you have different fortune but not everyone of us has that much liberty.

For sure. Some folks don't have very much room to screw up as compared with others, and surely we do not always recognize what resources that we might have and we might not always be able to make sure that we create cash cushions for ourselves in the event that we don't have mommy/daddy to bail us out.

Quote from: MusaPk on Today at 07:05:28 PM

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

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...

It solely someone own decision that whether he is going to invest in Bitcoin or he will prefer fixing other aspects of life. Only that guy will start investing in Bitcoin who understand what Bitcoin is and what's the benefit of investing in Bitcoin. Moreover the person who is sensible enough to think about his future will look for opportunities around him and that's where he will figure out the Bitcoin.

For sure there are some guys who might be more motivated than others to build up their finances, so when they are motivated, then they may well end up doing way better than their peers and perhaps even catching up to (and passing up) some of their peers that had way more advantages. It likely takes more work and organization for those with fewer resources to establish strong systems in which they can build wealth, and surely there are still a whole hell of a lot of rich (and well to do) people who do not recognize and/or appreciate the power of bitcoin, so it could end up being that some poor guy spends from here and the next 15 years building up his bitcoin stash, and maybe he gets his stack up to 0.63 BTC, yet in 15 years, maybe bitcoin ends up being $10 million per coin or more (and maybe a bottom price - a 200-WMA- of $1.5 million).. and so sure, he does not have a whole hell of a lot of bitcoin in today's terms, but in future terms he may well ended up putting himself in quite a good financial (and psychological) situation, even though he had to work his ass off and focus through the 15 years, and I am not even saying that he cannot have fun along the way, since there still may well be needs to have fun, and even to go out and socialize, but he might find some hobbies that don't cost him any (or much) money and he can maybe get exercise during his socializing and maybe a good meal and maybe meet members of the opposite sex.. or whatever it is that he is trying to achieve during the times that he is building his BTC stash, while still remaining focused on building his BTC wealth and his cashflow management systems.

And so maybe this guy has some very wealthy friends, who did not buy much if any bitcoin during the 15 years that he was stacking sats, and he knows that his wealthy friends could have had stacked 20x more than him, but they ended up not stacking much if any, so then by the time that they are getting started, he already had 15 years stacking sats and having had started in 2022, 2023 or 2024...and yeah, maybe he wealthy friends might still have a chance of catching up, and maybe they won't be able to catch up without some stupendous sacrifices that they might not be willing to do...and yeah, none of the positive results are guaranteed to play out, though we might say that not trying might bring more certain likelihoods of failing rather than setting a path and trying to put into place some good and strong systems.

Quote from: MusaPk on Today at 07:05:28 PM

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

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.

Those who are in there 30s and still not investing in anything for future will suffer with passage of time. We can give leverage to a person who is 35 years old but anyone that is beyond 35 should have some kind of investment plan with him, preferably in Bitcoin. Because if you start investing into Bitcoin as late as you are 35 years old then in next 10 years there is bright chance that you have a good Bitcoin portfolio. We have discussed this so many times that one can start with 10$ and with time as he learns more about Bitcoin he can increase his investment to whatever suits him. But the main thing is one must start from somewhere. Now we have so much data available about bitcoin that clearly indicates how beneficial Bitcoin is over a period of time.

For sure guys that start investing at a younger age are going to have advantages with the ability to use time to their advantage, and surely sometimes there are guys who get to their 50s and they have not really built any investment portfolio, so it becomes even more difficult for guys who are older to build as much value or to benefit as much from the compounding effect... The compounding effect in bitcoin has much better chances of playing out when guys figure out how to employ good ways to secure their bitcoin in ways that they are not going to end up getting rug pulled by some third party (such as an exchange), so we likely have to figure out how to store our BTC without overly risking losing our large portions of our BTC stash... and it seems to me that it would be a good idea that guys just have to figure out some good self-storage practices for something like 90% of their BTC stash...and even if they don't need to arrange their private storage in the beginning, it seems that private storage will be something that they should include as part of their attempts to employ best practices.

Quote from: ejikeme24 on Today at 07:48:22 PM

Quote from: JayJuanGee on Today at 05:10:09 PM

Quote from: Cryptmuster on Today at 04:49:26 PM

I would not buy bitcoin now, because bitcoin is too high in my opinion.

If you already accumulated enough bitcoin (or more than enough), then you are in a position to wait.

If you have not accumulated enough bitcoin or more than enough bitcoin, then you might need to consider continuing to accumulate. Of course, since you have been registered on the forum since 2017, you may well be in a position in which you have accumulated enough or more than enough bitcoin. . That is surely for you to figure out.

Exactly, I think he has already accumulated a lot of bitcoin earlier before now maybe he wouldn't want to take the risk to invest in bitcoin now that the price is expensive.

How do you know that Cryptmuster is even close to accumulating enough or more than enough bitcoin? So frequently guys get into a trading kind of mentality, and they start to believe that they need to slow down in their BTC accumulation because the BTC price might correct, so even if they don't devolve into selling, they come to bitcoin with a faulty mindset that lacks in aggressiveness, so they likely had failed/refused to adequately/sufficiently prepare for UPpity in the past nearly 8 years, so they continue to make the same mistakes by overly focusing on the BTC price rather than focusing on whether they have enough or not.

Sure it is possible that Cryptmuster has accumulated enough or more than enough, but based on the way that he posted, I have my doubts. He seems to be waiting for the BTC price to dip, which may or may not end up happening, and really he should not even need the BTC price to dip... but hey, whatever, we cannot go back in time. We have to go from today and right now. You buying or not? or do you think waiting is a good BTC investing strategy?

Quote from: ejikeme24 on Today at 07:48:22 PM

It might be that he hasn't even accumulated enough bitcoin probably just waiting for a dip before investing.

That's what I am saying.. You just flip flopped.

Quote from: ejikeme24 on Today at 07:48:22 PM

Though everyone is entitle to decide when to invest and when not to invest it actually depends on your choice,

Sure it depends on your choice, but a lot of people end up with the wrong choice, and part of the reason that we ONLY have around 1% of the world's population invested into bitcoin is because 99% of the world has either refused to buy or they are waiting or perhaps they did not hear about bitcoin.

It seems to me that if you heard about bitcoin, then you should be buying until you have enough or more than enough...but hey you are correct people can do what they like and they can also live with the consequences of doing what they like. No one is going to cry for them later down the road (or bail them out) if they failed/refused to buy bitcoin even though they knew about it.

Quote from: ejikeme24 on Today at 07:48:22 PM

for me I don't think if there's any perfect time to invest in bitcoin as long as DCA method is involved.

There might not be a perfect time, but you still have to get started.

You have been registered on the forum for almost 6 months, so did you get started 6 months ago or earlier, because if you did then that probably was good, and sure sometimes we might have to get some of our finances together so we have to figure out how much we are able to invest into bitcoin, since we likely don't want to invest too little, and surely we would not want to invest too much if we might have some regular monthly expenses that we need to manage.

Quote from: ejikeme24 on Today at 07:48:22 PM

if you're waiting for a dip in the price, probably you will just wake up one day to discover a deep increase in the value. at this point what will you say then, are you still going to keep procrastinating?

That waiting strategy screws up a lot of bitcoin newbies, but it even screws up other bitcoiners who have not yet reached a status of overaccumulation, which is most people as I already mentioned.

Quote from: ejikeme24 on Today at 07:48:22 PM

I don't mean to force anyone whose mind is already made up, of course if you choose not to invest due to the high increase in the value is fine as long as you're making the right decision for yourself.

You don't have to force anyone. Each person has to figure it out for themselves, and if they are a low coiner or a no coiner, then they should buy or at least get started to figure out where to source coins and also figure out their discretionary income. Sure, people can choose what they like and include choosing NOT to do anything and waiting or just failing to act.. and sure that is their choice. if they are too confused about bitcoin and they are not sure, then maybe they have to do a bit of looking into the matter so that they can get started rather than either waiting or not doing anything or even being solely focused on BTC price when BTC price is ONLY 1 out of 9 individual factors that they should be attempting to figure out.

Quote from: |MINER| on Today at 09:05:00 PM

Quote from: EFS on January 26, 2025, 10:57:35 PM

Quote from: Rockstarguy on January 26, 2025, 10:42:22 PM

Seeing bitcoin increasing in value it shows it is an asset to invest in that has good potential for profit. Their are some cryptocurrencies that their prices are not increasing, it is very risky to invest in coins like this. The increase of bitcoin price shows how bitcoin is valuable in the market than every other cryptocurrencies.

Bitcoin is valuable not just because it keeps increasing. There are times when the price of Bitcoin falls for a long time. But as long as the technology behind it and the trust in it remains, these bear market periods will pass and Bitcoin will rise again. The reason people trust Bitcoin is that it cannot be manipulated like other currencies, it cannot be printed out of thin air, and it acts according to predetermined rules. What really makes Bitcoin valuable is the mathematics behind it and the set of rules that have been thought, pondered and perfected over many years.

Yeap, Bitcoin is Valuable because it has volatiles which follow a specific cycle as you mentioned the bear and the bull and wise people's are taking full benefit of it.

Btw in my personal opinion, I think there is one big fact here that's is why bitcoin is valuable and the reason is it is limited to only 21million for whole 8 billion peoples and the upcoming.

Many people wonder why the price of Bitcoin exceeds the previous ATH price every bull season, here is the simple answer. Every year millions of people are coming to the world I mean are being born Grin

, and if we think a little more, every year technology is reaching new people, and at the same time new people are also wanting to know and adopting Bitcoin, and for being limited it increased the demand, And the bull season creates a much higher all-time high price than the previous bull season. Kiss

And this makes bitcoin more Valuable .

You are correct in what you are saying, yet it seems in recent time, perhaps even the past 6 months or so, there have been more and more players hoarding coins that might relate to regular people, yet it more likely relates to people who have access to the ETFs, governments, institutions and status quo rich people.. so sure there is regular adoption too.. yet I think that a lot of normies are procrastinating in their accumulation of bitcoin, even though sure there are some normies getting involved too..but many of the normies are going to end up having to pay much higher prices than today's prices because there are a lot of BIG players coming to bitcoin in recent times..