Yep. Exactly! If you are new to investing it can take 4-10 years just to start to build up an investment portfolio to a point that you are starting to feel comfortable with it, even if you might have had been able to frontload your investment at various points along the way. A certain amount of patience is needed to build it up to a point that if the asset goes up considerably, then you have already established a decent position into such investment so that you are advantaged by it going up.
Anyone who is in their first bitcoin cycle should not be spending time cheering for the bitcoin price to go up or even fearing if the BTC prices go down, and really it can be quite difficult for any beginner to really know which way the BTC prices are going to go, and it is not even as if a more experienced bitcoiner is going to know either, even though a more experienced bitcoiner may well have had a bit more time to stack his bitcoin position to higher levels.. and so yeah, each step along the way, the newer investor can keep building his bitcoin position and assessing his progress to figure out the extent to which he might need to adjust his ongoing accumulation of BTC, and sure maybe after 4-6 years he might start to feel that he is in a position to make adjustments, yet he may still not be quite in a position in which it makes sense to stop stacking regularly, persistently, ongoingly and perhaps even continuing to be aggressive in his stacking of bitcoin.
Guys can come to differing conclusions, but there are not a whole hell of a lot of guys who really are able to front load their bitcoin position and then to stop stacking in less than 4 years, even though I am not going to proclaim that no one can do it, since there are some guys who can do that, yet many normal people are likely going to be better off stacking more than a whole bitcoin cycle before they might start to really see that they had gotten themselves into a position (or a bitcoin stash size) that is sufficient that they can adjust their buying into a position of maybe either less buying or just waiting to get to their next stage which might be where they start to sustainably withdraw based on price based techniques and/or based on time based techniques.
That's correct. A circle or two circles is enough for an investor to make decisions on either increasing his DCA amount or reducing it based on his achievements. Bitcoin holding is a personal decision and its a good thing to work with your ability so you don't experience some setbacks. One of the ways to be deciplined in your holding is when you don't make an attempt to withdraw if you have initially set a long term investment plan for at least 2 circles. From my experience, the more you hold, the more you understand how to control your emotions on market price changes. An investor who has held some bitcoin for a circle should be more comfortable with price changes than a person with just 1 year experience and that is why its easy for them to borrow and make investment because they've understood how the market works.
Of course. Bitcoin isn't even worth $1m (USD) yet. So there's plenty of time to get in before the "big pump". Even cash (coins and paper money) and plastic cards (credit/debit cards) are still a thing. Once we get past that, adoption for digital payments (particularly CBDCs and crypto) will rise. Only then, it will be late to get into Bitcoin.
You are repeating your wrong idea about sometime in the future it being too late to get into bitcoin, which truly is not true.
If you are a no coiner, then it is never too late to get into bitcoin, and if you are a low coiner, then by definition, you do not have enough coin.. so you have to get more.
If you determined that you have enough bitcoin, then sure, you might be correct, but you might be mistakenly believing that you are not a low coiner, when you in fact are a low coiner... and so if you are a low coiner, then you need more coins, even if you wrongly concluded that you are not.
Right now, an overwhelming majority of the world's population is either no coiners (probably close to 99% of the world's population), and then some additional folks who have bitcoins, yet perhaps most of the coiners are actually low coiners who don't realize that they are low coiners...so they are not continuing to work to get more bitcoin, as they should be.
Well from what I understand about the concept of demand and supply as regards to bitcoin, it explains that even after all blocks have been successfully mined and after more persons have come to realization of the importance and have adopted bitcoin, the scarcity as per limited supply would still act as a catalyst to the price increase. Miners would still make profits off transactions fees, and investors would still experience pumps. People like to see bitcoin as digital gold so let's take gold as a case study. Irrespective of the fact that other currencies that have good value has been discovered yet gold still remains one of the most valuable assets in the world because of its limited supply. Even till date, people buy gold and make profit from it likewise bitcoin. There is always a second chance to buy and make profits from the market most especially before all blocks have been mined. And unlike gold bitcoin is digital and can be easily accessible by anyone anywhere, just imagine a scenario where more than half of the world population adopts bitcoin, that's a massive pump right? But that is not happening today or even the next 1 year because of some governmental factors. That implies that there are still lot of opportunities for those late investor to make profit from bitcoin.
No, in my opinion you should not invest with debt. Because it may happen that you have invested with loan and failure to repay the loan can affect your investment. So you set a budget from each month's income and invest according to that budget on a weekly or monthly basis using the DCA method. You don't need to take a loan to buy a dip, if you invest in the DCA method you can buy bitcoins at more or less average prices. We should not rush to invest, we should plan long-term investment. To be successful in bitcoin you need to continue investing in long term DCA method, if you can continue DCA for long 8-10 years then no need to borrow, you will be able to buy dip if you continue DCA.
You are right that there is no need to use debt to buy bitcoin, yet there was nothing wrong with the way that Grace333 mentioned the use of debt to be something that the debtor is able to service outside of the performance of the investment. Accordingly, the use of debt is a more advance technique that is not necessary in bitcoin, yet each person can decide for himself if he is in a position to utilize debt as a way to front load his bitcoin investment, with a realization that debt has risk, bet carries additional costs and that he is able to service the debt outside of his investment (in this case investment into bitcoin).
Michael Saylor who is considered a prominent bitcoin enthusiasts with all his wealth still makes effort to borrow and buy more bitcoin. As long as its within your risk management strategy its fine.