Quote from: darkangel11 on February 28, 2025, 10:07:00 AM

Came back from my crypto retirement to tell you something.
I see many people being fooled by the media and stock traders. They treat bitcoin like a tradable paper where the market decides their next move. If it goes above their entry level they take profit and if it goes below the entry level they sell at a loss. In reality bitcoin is a commodity, like a house and thinking this way will maybe help you in times like this.

So, you bought a house for $1m and a year later someone offers you $900k for it. Will you sell it? Why should you? If you're not in debt, have money to pay your bills, you won't sell it, right?
The bitcoin market is exactly that. It's a bunch of people offering you money for your house. A month ago they were giving you a million, now they're only offering 800k, maybe next week they'll say their last offer is 700k. Don't like the offer - don't sell! I know that my bitcoin is worth more than 100k and I don't care that they now want to pay me 78k. I'll wait for them to come back to their senses and come up with a better offer. At this point I wouldn't be satisfied with anything 5-digit.

One more thing. In a worst possible outcome for bitcoin I see it at 150k in 2 years. If you know an investment that will offer you over 50% a year on the average, just get rid of your bitcoin and do that.
Have no regrets, you only live once and life is too short to worry. If you don't know anything like that, hold bitcoin and chill. Again, life is too short not to hold any bitcoin and regret later when it's back above 100k.

I also agree with this argument. In my opinion, even if you do not have the ability to invest in Bitcoin, Bitcoin has provided an opportunity by which you can invest even a very small amount of money. DCA is that method. The first rule of this method is to invest a certain amount of money according to your ability at a certain time. No one will ever force you in this method. You can prepare to invest only if you have discretionary income. If you do not have any discretionary income, then you have to arrange that income first. And then you have to manage the investment according to your goals.