Quote from: Princess Leah on Today at 01:01:35 AM

Quote from: Odohu on February 23, 2025, 11:44:27 PM

Quote from: Pandu Geddon on February 23, 2025, 05:31:06 PM

Quote from: POPOLUV on February 23, 2025, 05:13:18 PM

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Quote from: Pandu Geddon on February 23, 2025, 05:31:06 PM

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Anyone starting his investment in Bitcoin and develop the mindset that Bitcoin is not cheap will definitely have problems continuing the investment because rather than being very motivated to buy as his finances can carry, he will be there regretting why he did not join earlier. I was in this situation before until I convinced myself that it was not a good thinking pattern because I can buy whatever amount I have now and keep buying more and holding for several years ahead. I'm sure that when Bitcoin got to $1k, there were people that complained that it was too expensive, same goes for when it got to $10k, $20k and even $50k. Now we are confronting the $100k range and the same statement persists, don't be surprised that when Bitcoin gets to $200k and $500k and even $1m, the same statement will still be in people's mouth. Sincerely, that statement is truly boring to me especially now that my experience with Bitcoin is getting better.

Bro you shouldn't be suprised, it's based on ignorance, how do you expect them to have an idea of what they know nothing about, I've even seen someone saying that Bitcoin is for the rich and he's not earning close to what one Bitcoin is currently worth therefore he'll rather invest on Shitcoins that are cheaper and affordable for him to buy as much as possible and make profits when their value increases.

Lots of people have the wrong idea of what Bitcoin investment all about or how to go about it and that's why they're making the wrong decision or procrastinating towards investing on it, i believe that if the person knows about the DCA or that Bitcoin is still at it's early stage and have the potential of reaching $1m he won't make such statement or even hesitate to start investing according to his income using the DCA method nor worry about the price, that's why it's our duty as people that's gained some knowledge concerning Bitcoin Investment to guide such people when we come across them, help them understand it better.

$1 million per bitcoin is hardly even a very high price. It is around the market cap of gold, and many of us should realize that bitcoin is much better than gold - perhaps 1,000x or more better than gold.

Quote from: Bd officer on Today at 02:04:05 AM

Quote from: Odohu on February 23, 2025, 11:44:27 PM

. I'm sure that when Bitcoin got to $1k, there were people that complained that it was too expensive, same goes for when it got to $10k, $20k and even $50k. Now we are confronting the $100k range and the same statement persists, don't be surprised that when Bitcoin gets to $200k and $500k and even $1m, the same statement will still be in people's mouth. Sincerely, that statement is truly boring to me especially now that my experience with Bitcoin is getting better.

In fact, those who think like this are far behind and regret not having invested earlier. You will see that such people only focus on the past, they do not think about the future, it is wise to think about the future. If they had thought about the future of Bitcoin they would never have thought of Bitcoin as expensive. What was the price of Bitcoin in the past and where is it now? And more will increase in the future that's for sure. Investing in Bitcoin doesn't need to focus on the price, you need to plan to hold the investment for the long term. Now Bitcoin has proved that holding Bitcoin for long term is definitely profitable. So don't dwell on the past, focus on the future and invest with long-term plans. And you don't need to buy 1 bitcoin, you can invest in bitcoin in DCA method according to your ability.

Even though bitcoin is amongst the best, if not the best of current investments, Bitcoin is not guaranteed to go up in price in the future.

Quote from: Pandu Geddon on Today at 06:22:17 AM

Quote from: JayJuanGee on February 23, 2025, 08:32:22 PM

Quote from: Pandu Geddon on February 23, 2025, 05:31:06 PM

Quote from: POPOLUV on February 23, 2025, 05:13:18 PM

I'm very pleased with this your statement, will i said that you red my mind because you have just spoken my mind relating to accumulating of Bitcoin journey and wait for dip, and it is a message to all investors that has not started buying or accumulating Bitcoin should start now that Bitcoin is cheaper because in years coming who knows what Bitcoin will in the market, so buying and selling should not be your option.

Investors who are just starting their accumulation in Bitcoin, should not think about buying and selling in the current period. What should be on the mind of those who are just starting their accumulation is to increase the amount for a longer period.
I will not say that the current price of Bitcoin is cheap. For most beginners who are not from companies or governments, the current price of Bitcoin is considered expensive. So it is very natural for people who want to invest in Bitcoin to start thinking about some speculation. The problem will only last a while until they understand and learn some things that can convince them to immediately collect their Bitcoin gradually.

If anyone is a beginner to bitcoin, how the fuck are they going to know if bitcoin is expensive or not? Have they studied bitcoin? or did they just glance at the chart and the price and say "wow, that looks expensive." Expensive relative to what? What do they know?

They probably know that if they are new to bitcoin, they don't have any bitcoin, and they probably know that they cannot turn back the clock, so they have to figure out what to do from this point on, and not from some fantasy of turning back the clock.

In other words, if they don't have any BTC then the best way to prepare for the possibility that BTC prices might continue to go up from here is to buy some bitcoin.

I don't have any problem with a newbie who might want to prepare for the BTC price to go either up or down, yet the ONLY way to prepare for the BTC price going up is to buy some...and you prepare for down by having some money available to buy if the price goes down. If a newbie has decided to start buying $100 worth of bitcoin every week, then he would end up buying whether the BTC price goes up or goes down. If such newbie has $5k extra that he wants to invest into bitcoin, then he can decide what to do with it.. perhaps he can choose how much of that $5k he wants to allocate towards 1) DCA, 2) buy right away and/or 3) buy on dips. There is no one exact right answer, but if he has no coins and he chooses to wait rather than to buy, then he is ONLY preparing for down rather than up, and there is no guarantee that the BTC price willl ever go lower than it is right now, so waiting does not seem like a very good strategy to prepare for the potential of up, which surely might happen.

Someone who is new to investing in Bitcoin, of course they will not directly buy Bitcoin with advice from others or from any information. They want to put their money into planning an investment, of course they will not easily just buy without knowing anything.

You don't need to know a lot. You just need to know the basics. There are 9 individual factors and you seem to be putting a lot of weight on only one of them (number 4 in the linked list).

Anyone can get started right away investing into bitcoin with rudimentary knowledge, which may well be just look at the chart and consider that number may well go up, and then adjust his position size as he learns more about bitcoin and the other items on his 9 individual factors. To get started, all the newbie needs is $10 of discretionary income that he doesn't need, and perhaps the guy can establish a timeline of investing 4-10 years, but it is not even necessary to start with a 4-10 year timeline right from the beginning, but it is important to get started, even if the starting point might only be something like $10... so then if the investment is $10 every week, then perhaps after several week of buying BTC, the guy can increase his weekly buy amounts.

Quote from: Pandu Geddon on Today at 06:22:17 AM

But when they start to learn and understand how the Bitcoin market works, immediately having some Bitcoin is indeed the best way to prepare for the possibility that the price of Bitcoin will continue to increase.
I know waiting to buy Bitcoin is not the best way for a beginner to prepare for the possibility that the price of Bitcoin will increase in the future. Because if the increase occurs and beginners do not have even a small amount, all there is is regret. But I only see this for the concerns of people who are new to Bitcoin and want to buy Bitcoin.

You can think how you like about this topic, and sure, there is probably around 99% of the world's population that are no coiners or low coiners, and so sure there are probably a lot of people who agree with you and who are likely going to be wrong, just like you are wrong, especially since bitcoin has been the best investment and likely is going to continue to be the best investment, so anyone who want s to protect themselves financially and/or psychologically, are better off to get started sooner rather than later if they are a no coiner and even the low coiners do not realize that they are low coiners, so they are also likely advantaged by continuing to buy bitcoin ongoingly, persistently, consistently and even aggressively without overdoing it.

You can continue to disagree all you like, yet we are going to continue to have normies who are failing and/or refusing to buy bitcoin, and they are going to end up paying the price for their failure/refusal to get the fuck started, even if they are merely starting with $10 per week as they learn more about it.

Quote from: Tonimez on Today at 07:29:36 AM

Quote from: Pandu Geddon on Today at 06:22:17 AM

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When a beginner knows that bitcoin is expensive, it implies error from whoever is introducing him into bitcoin. There are some unnecessary information you don't need to release to a newbie which he will definitely learn in the process but by then he must have understood the system and also understand that bitcoin price does not mean anyone must have 1BTC to be an investor. Learning bitcoin investment from the wrong hands is worst than not learning at all because it affects all your activities and perceptions about bitcoin and often can lead to a permanent withdrawal from bitcoin investment. It's even better to trick a newbie into it than give him a demoralising information that could make him doubt the entire process.

Each person is responsible for himself including his actions and/or his failure/refusal to act, and so they will have to live with the consequences.

If a person learns from a bad source, then the person who is learning has the responsibility to figure it the fuck out, even if he is getting bad information, he has to figure out how to look into the matter of bitcoin more, once he has become aware of bitcoin.