There is no wrong time in reshaping once life, anytime you take the right decision there must be life changing opportunities. Although it might take time but it must come to reality and your life will change for good. Same is applicable in Bitcoin. You can be investing in other cryptocurrency and experience lost of all kinds, it should not make you give up or even generalize all cryptocurrency as money losing investment platforms. As long as Bitcoin is consign there is no wrong time of investing because Bitcoin will go beyond where it is now.
You say Absolutely right, But the only thing is that everything is good in moderation, because I want to say that, for example, Michael Sale advised selling your kidney and giving up your house in order to buy bitcoin. This was several years ago and at that time the price of bitcoin was 60,000 dollars, and a few months later. After this advice of his. It began to leave 30,000 dollars. Therefore, this advice would be very harmful to many people who would invest their last money.
I think the best time to invest is when the price of bitcoin falls and only then, Because those who invest at the highest prices then sit and are worried. Waiting for the price to return to those same heights.
For any beginner, and perhaps even through his whole first cycle of investing, he should not be worrying about BTC price, since he cannot know if the BTC price is up or down or if the BTC price is going to dip, so he should just plan to keep investing into bitcoin for 4-10 years or more at any price.
Of course, once a newbie gets a decent sized BTC stash, then he might start to consider buying on dips and/or strategies that involve waiting rather than just buying regularly.
Sure, the use of leverage is not a good idea.
Even a guy who started investing in bitcoin in the beginning of 2021 at
$100 per week and who invested through both 2021 BTC price peaks, he still would have had gotten around 0.6 BTC for his $22k total investment, so anyone with 0.6 BTC from a $22k investment would be in quite good shape right now.
Of course, if the guy had a higher budget, such as $500 per week, he would have had ended up with 5x.. of those results with slightly over $100k invested and right around 3 BTC, which also would be a very good position to be in, even though the guy bought BTC through both of the 2021 price peaks.
There is no wrong time in reshaping once life, anytime you take the right decision there must be life changing opportunities. Although it might take time but it must come to reality and your life will change for good. Same is applicable in Bitcoin. You can be investing in other cryptocurrency and experience lost of all kinds, it should not make you give up or even generalize all cryptocurrency as money losing investment platforms. As long as Bitcoin is consign there is no wrong time of investing because Bitcoin will go beyond where it is now.
Some current long-term bitcoin investors started their crypto journey with shitcoins and I am part of those people. After running at loss, I didn't give up because I had the zeal to invest. I learnt about bitcoin and tried it with little amount in the beginning when I started my bitcoin investment, and later when I have gotten some confidence in bitcoin due to the price movement and steady reading about bitcoin made me to invest aggressively when I was opportune. My bitcoin investment is still ongoing with my weekly DCA. If you have the zeal to achieve something in life, no matter how many times you fall down, yoi you will stand up and continue without giving up.
The journey to success is never easy and if some successful people were to tell you their stories from beginning you would feel pity for them and that is when you would realize that you still haven’t even seen what they have and so giving up is not option. Being determined and having the mindset of getting back up no matter how many times you fall is what everyone needs to become successful and it’s not just in other aspects of life but also in
cryptocurrency as an investor or trader.
No matter what you are going through you should always keep pushing because there is a turning point where everything will change for good so it’s never too late to keep buying and keep investing even if the market is not favorable for you at the moment there will be a turning point in future.
Hopefully no one is so fucking dumb to think that investing is similar to trading or that shitcoins are the same as bitcoin.
We are talking about bitcoin here and also investing. Not fucking around with trading and/or shitcoins.
You can spend all kinds of dumb and persistent efforts on shitcoins and/or trading and you could be doing all of the right things, but you are dumb to be doing that.. .rather than focusing on bitcoin and also focusing on investing into it, not trading it.
All hard work is not worthy.
I recall having a boss tell me that he did not give any shits about how hard I worked, he wanted to see results... which actually makes sense if we consider the matter. NOT all work is equally worthy, even if it is hard work and genuinely intense and/or difficult work, especially if it is meaningless... like investing in shitcoins and/or trading bitcoin or shitcoins. If we are working hard to engage in meaningless work to fuck around with shitcoins or to trade bitcoin, then we are engaging in gambling, which may well not lead to meaningful results.
There is no wrong time in reshaping once life, anytime you take the right decision there must be life changing opportunities. Although it might take time but it must come to reality and your life will change for good. Same is applicable in Bitcoin. You can be investing in other cryptocurrency and experience lost of all kinds, it should not make you give up or even generalize all cryptocurrency as money losing investment platforms. As long as Bitcoin is consign there is no wrong time of investing because Bitcoin will go beyond where it is now.
If it is to late to invest in bitcoin it means their no hope in bitcoin for the younger generation, bitcoin was meant for only those who invented it some years back, but the truth is that it is never late to invest bitcoin. Their could be many reasons for not investing but the moment when you realise and understand the needs for investing bitcoin, do not allow your mind to make you feel it is too late for you go in, itis just the best time for you to start investing, use the opportunity to invest as much that you can .
Agree to it, it was the same discussion in the past years but look bitcoin grown a lot to the point it reach to 100k that we didn’t expect. If the global market really adapt bitcoin then it’s not yet its limit, it can grow more and can even give more profit to those who will invest right now. It will never be too late, there are many chances to get in like today that makes an entry point but of course finding a good spot will always be more profitable.
There is always hope to invest in Bitcoin because over the years coming now Bitcoin has indeed proven itself by withstanding all pressure and setback. Bitcoin price is something that would appear to be very high as it have hit 100k but if you are enthusiast and have following then you would know that 100k is just a stepping stone but
the problem with you as an investor is when you don't plan on holding it for long.A person who comes to bitcoin and who does not hold bitcoin for at least 4-10 years or longer is called a trader - not an investor. There is a difference.
Sure some traders don't know that they are traders. Some traders call themselves investors, even though they are not investors.