Post
Topic
Board Speculation
Re: Going to sleep, wake me when it's $100k
by
KingsDen
on 14/02/2025, 18:49:56 UTC
[edited out]
Of course a no coiner and a lower coiner only need to focus on accumulating bitcoin consistently and persistently in order to keep on increasing his bitcoin stash irregardless of the price of bitcoin lije you said, because this is the best opportunity that we have to buy regularly and if possible aggressively since no one knows the price that bitcoin is heading to in future. If we keep on looking at the price if it's pumping or dipping, it can distract, discourage and make one lose focus on steady accumulation with DCA for the future.

The price of bitcoin shouldn't be your concern but your concern should be consistent accumulation and how you can work on improving your income so that you can buy more aggressively overtime.

Well.  I think that part of my point is that so many guys (whether newbies to bitcoin and even several seemingly bitcoin veterans) presume that they have reached enough BTC or more than enough, so they either sell some of their coin waiting for the BTC price to dip (which may well not end up happening), and/or they fail refuse to continue to buy consistently, persistently, ongoingly and perhaps even aggressively because they are too busy looking at the BTC price rather than looking at the fact that they actually do not have enough BTC, even if they have self-assessed their BTC stash as if it were enough, when it is not enough.  So in the next several years they end up looking back and recognizing that they could have been (and should have been) stacking BTC way more consistently, persistently, ongoingly and aggressively during times like our current times.
JayJuanGee, I so much understand your idea of consistently and if possible aggressively stacking BTC. In as much as I support your idea, I slightly differ in opinion. I align more with the idea of diversification and purpose of investment.

Diversification: If someone started buying from the region of $15k, this is high enough for the person to withdraw part of their investment and diversify in other assets such as real estate.

Purpose of investment: Buying BTC continuously because we have not gotten enough might lead to an undefined ending. Humans are naturally insatiable and there's no amount of BTC that will be ok for us. So, if anyone is on good profit already, they can withdraw to accomplish a project. Build a home or buy a car and definitely continue the unending BTC journey.