Re: Buy Buy Buy or Sell Sell Sell?

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.
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.

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.

Over the years i have learnt never to give advice to people not even my own parents to buy/invest in Bitcoin. People are supposed to make their own choices. The only i thing i do sometimes is when the conversation is brought up i try as much as possible to share the quality insight on how Bitcoin is good to a common man and what is necessary to be done as a consistent Bitcoin investor. I dont cross my boundaries of telling them to invest. When you tell people to invest you are bound to two things. First they see the advice as a good one later on while depending on you on every other thing. And secondly they see as a bad advice and blame you when things dont go well with them.

You also, made mentioned of tricking someone, dont trick anyone to buy Bitcoin. It is very misleading and could jeopardize your reputation. Their money their decisions and not even the Bitcoin investment is guaranteed for them. Because if they do not do things the right way they might as well end up quitting. At the end of the day, it is their decision to invest or not, and you should allow them to do their own research before they make that decision. Always remember self conviction is very important.