Post
Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
MusaPk
on 08/02/2025, 18:57:06 UTC
Bitcoin has lot much stuff to learn not just the wallet. See the "Development & Technical Discussion"  section and one can find there is lot much to learn in bitcoin like ECDLP, secp256k1, digital signatures and more. If one is interested in learning the underlying technologies then he is welcome to do that along with investing in Bitcoin. Since it will be fun to see how your money is stored and secured on Bitcoin Blockchain.

Agree that there can be a lot of interesting things that people can learn about in relation to bitcoin, and some of them relate to technogology and there are a lot of other areas too, in order to become more and more familiar with bitcoin as we invest into it.  Of course, people are busy with other things in life too, including their work, family, hobbies, and so they might not always have time to fit in learning more about bitcoin, which surely can help them feel more comfortable with it.

Just like we have two ways of accumulating Bitcoin, continue to invest small amount regularly or go bullish in accumulation. Likewise, one can follow a strategy where we can give small time to our area of interest in technology part of bitcoin or give lot of time studying or exploring that feature. The later one will lots of time and effort and in that phase one has to sacrifice time given to family, friends, hobbies or other stuff. I think best is whichever technical area you choose, just give small amount of time regularly to enlighten the beauty of what lies underneath the beautiful Bitcoin.

Sellers are indeed joyful when they sell and make some little profits until they sell and instead of the price to fall for them to rebuy again it ended up even skyrocketing to a length that they will find it difficult to buy back since the price didn't DIP as they so wished for. This is why trading is shit because at a time when the market is favorable with the strategy of buying low and selling at highs, when an opportunity does not surface again such as a price DIP for a rebuy they finally end up not buying in the end which means they will remain stagnant and disoriented. This is why accumulating and hodling is the sure way to go because since you are hodling for a longer time, it will grant you the opportunity to acquire as much bitcoin in your portfolio (even buy at DIPs) coupled with the profits that comes along with it. Let's take El Salvador for example, they made bitcoin a legal tender in 2021, then fast forward to late 2024 when the price of bitcoin hit $100k, they already got doubled of the amount they acquired in bitcoins even when it's not up to a cycle since they started hodling.

This is a big mistake to sell Bitcoin today with intentions of buying back later. I have calculated few scenarios of how accumulating Bitcoin in DCA manner over previous of 5 years or more can benefit you. https://bitcointalk.org/index.php?topic=5132720.msg64990005#msg64990005
Bitcoin won't give you much success unless you have a strategy with you and that must be spread over longer duration with plan to how to gather and HODL Bitcoins.

Isn't that a good investment practice of buying and hodling for future growths?

This is exactly what this thread tries to answer i.e. buy and HODL for longer duration and you will see the magic.