Quote from: tiCeR on April 02, 2025, 09:59:37 AM

Quote from: JayJuanGee on April 02, 2025, 02:33:48 AM

Quote from: Tungbulu on April 01, 2025, 11:13:09 PM

I actually do love the mix of optimism and realism in your post/comment. You’re absolutely correct by implying that Bitcoin’s performances suggests that those crazy ass bull runs could eventually happen again, but like we already know, there’s absolutely not a single guarantee. So it’s pretty much about just weighing the odds involved and using that to make better and informed choices.

Without a single doubt, your assertion is very much agreeable that stocking up Bitcoin pretty much earlier than having to do it quite later is indeed a very solid strategy. When it comes to having to figure out how much one needs to accumulate next 4-10 years, and even more in some cases, it’s kinda like a personal decision but having and maintaining a long term perspective is the key to success when investing in Bitcoin.

I just seems that the investment thesis for bitcoin is not any weaker than when I got into bitcoin in late 2013, and there were a lot of trying times back then, and so in some sense, the answers today are not any different from what they were 11 years ago. .. continue to buy as much bitcoin as you are able to until you think that you have enough or more than enough... If you already got a bit of a headstart, then good for you. Maybe you have already accumulated a few BTC.

But if you are just getting started right now, then maybe you first shoot for 1 million sats, and then you shoot for 5 million sats and then you shoot for 10 million sats and then for 21 million sats, etc, etc.

You might consider that you are ONLY able to accumulate so many sats, but if you are buying every week, whether $100 per week or $10 per week or some other amount, then you are likely making progress in terms of ongoingly, persistently and consistently adding to your stash.. and so you might not even need as many bitcoin as you think that you need in order to get to your goals.. yet since the value of bitcoin in dollars is ongoingly changing, so there will continue to be need to monitor your progress in terms of something that is tangible, such as how much of a salary do you need every year in order to sustain yourself, and then perhaps at some point the quantity of bitcoin that you have might come to a high enough level.

For example, right now a guy who might consider that he needs $80k per year of income, he might consider that he needs 17.63 bitcoin or more in order to get over his status of his bitcoin being able to sustain that level of income from his bitcoin stash. Yet, if such guy with a requirement of $80k per year were to have a similar income target for 10 years from now, then he might only need right around 2 bitcoin or more in order to accomplish that same level of income (even accounting for the debasement of the dollar). Sure, we cannot know exactly how the values are going to work out, yet a guy who might be looking to get to that same status might find that it could be way easier to reach the 2 bitcoin or more future target as compared with the 17.63 or more bitcoin that is needed today for the same income level.

Surely, there are guys who also do not need that same level of income, so there could be guys that might need $40k per year or$20k per year, and they would need only 1/2 the quantity of bitcoin or 1/4 of the quantity respectively as the guy with the $80k per year requirement.

Couldn't it be said that the answers today are more compelling than in late 2013? Since then we have gone through the entire phase of denial from state actors to corporations and banks specifically to any other private or public individual being hostile towards bitcoin. Not a lot of those hostile positions are still around. Many have shut their mouth, many have been converted into bitcoiners, answers have been given by the network to anyone trying to shut it down or ban it from operating within their national boundaries, banks have adopted it as a product after claiming they would fire any employee owning bitcoin (Jamie Dimon).

You are not wrong, yet surely when we are looking at the strength of bitcoin's investment thesis, we have more than just sentiment to look at, and surely bitcoin's price appreciation over the past 11-ish years tends to cause a decent number of people to consider that bitcoin had already run its course, so then there tends to be some superficial lack of appreciation on what bitcoin is.

We could even say that there were some with more hostility towards bitcoin in earlier years, but bitcoin was also quite unknown and not in the political spotlight.

These days we might have some political or even financial folks against bitcoin merely because Trump is for it.. and I don't even consider the matter to be very clear to attempting to characterize the level of hostility as going down, because various kinds of hostility likely still exist, yet merely in a more convoluted way, including the various kinds of attacks to channel folks through KYC channels, so there seems to be a lot of talk about how bitcoin is so great, but it's not really on an individual empowering kind of way like it is in El Salvador.. but instead, maybe dropping of hostility in order that we are able to custody bitcoin with various BIG third parties... until they rug us, or lock us out, or confiscate our coins, or make sure that we pay our taxes with any transactions.. to the extent that we are even able to directly withdraw bitcoin into our own private wallet without having to jump through extensive KYC hurdles.

Quote from: tiCeR on April 02, 2025, 09:59:37 AM

If it is all about the multiple that someone can get out of their investment, then the answer is different today with regards to time spans and this can be said in hindsight. Bitcoin has made like 100x since late 2013 and while I would not say never here, going another 100x within the next 11-12 years is maybe too optimistic. But since the comparison is dumb as bitcoin should be put in relation to other asset classes and their potential, I think the investment thesis could be deemed stronger now than it was back then for most of potential investors. Geeks might argue it was crystal clear in 2013, but not everyone thinks and acts like that. But in regards to answers given by bitcoin to the doubters, in my opinion there are many more answers today than there had been back then.

Sure, of course, even in 2013, there was a path to 100x (to where we are at today), yet no one should have honestly proclaimed that it was already known in advance, since it was not really very clear, even if there was a path..and that is part of the reason that with an assymetric bet we do not have to bet alot in order to still potentially make out greatly..

There have been good and bad things that happened in the past 11/12 years, yet we are still here.. .with even more upside potential, even if some folks may well not appreciate the upside potential and also we can look at the slope of upcurve slope being less steep, but at the same time the going to zero scenarios are also not as many, as you seem to be saying similar things, with just different words (or different ways of saying similar things).

Quote from: G_Besar on April 02, 2025, 02:02:38 PM

Quote from: Mr Reporter on April 02, 2025, 06:57:04 AM

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

Beginners are indeed not advised to immediately do anything in the market if their understanding is still very low and do not have basic knowledge for it. Because the main task of beginners in anything is to study and learn knowledge before directly using money for certain coins in the market.

I have no problem with beginners getting started investing into bitcoin immediately. The only thing that they need to know in the beginning is whether they have a discretionary income. If they have discretionary income they can get started, and they can learn as they go. They can also apportion the amount of their investment, whether weekly or otherwise in accordance with their comfort level and their knowledge. Of course, the more comfortable and knowledgeable that they are then the more they can invest. For beginners it is good to consider their 9 individual factors, but they don't need to figure out the details of all of those 9 individual factors in advance, except whether or not they have a discretionary income, and if they have a discretionary income, then they can get started buying bitcoin right away.

Quote from: G_Besar on April 02, 2025, 02:02:38 PM

And the coin recommendation for beginners who are just learning is also not Shitcoin, but they must be willing to take Bitcoin as their main investment vehicle. Moreover, if Shitcoin also does not have the potential to survive long in the market and is likely to experience a deeper decline if its enthusiasts do not increase over time.

Hopefully no beginner is starting with shitcoins... so yeah, bitcoin first, and if they cannot resist getting into shitcoins, if they could at least limit their exposure to shitcoins (and/or trading) to less than 10% the size of their bitcoin investment, including their time, energies and value invested.. so don't be fucking around with shitcoin and/or trading except in a limited way and focus on learning bitcoin first and spending any time, energies or value in bitcoin first.

Quote from: BitcoinTimi on April 02, 2025, 06:55:51 PM

Quote from: Sonia_123 on April 02, 2025, 12:00:07 AM

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the word poor doesn't mean the person have no money at all to invest in bitcoin he may have some money with little flow of income or he may not have at all, so less try and differentiate it when talking about the poor.

If a person has a little flow of income that is coming he can still invest in bitcoin with his/her discretionary income after he/she must settle his/her needs and expenses, and he/she should have a back up and emergency funds to run a smooth investment, but If a person is living in paycheck to paycheck I don't think he/she can cope with bitcoin investment, rather he/she should Look for ways to get other sources of income before they can start investing in bitcoin.

Sure. There are a lot of ways of being poor, so the more important part is whether or not a person has discretionary income, and if a person has discretionary income then he is able to invest into bitcoin.

Once a poor person starts to invest into bitcoin, there likely are various other measures that they have to take in order to assure that they have solid cashflow management practices and that they also are building up various back up funds, which all comes out of discretionary income... so surely with poor people if they do not have very much discretionary income then it is going to take them a long time before they will be able to build up their bitcoin investment, build up their back up funds and also just ongoingly make sure that they are engaging in strong cashflow management practices.

The poor person may well not have as many resources to fall back upon as a rich person, and if there are ways that he can figure out how to increase his discretionary income by increasing his income and/or cutting his expenses then that is good.. but also sometimes it might take time, money and energies to be able to figure out ways to get into employment that might pay higher than current income options.. or even to improve his present income situation by working more hours or trying to get a promotion or some other ways that might help to be able to improve income.

Quote from: Joy- maker on April 02, 2025, 07:27:13 PM

Quote from: Ruttoshi on April 02, 2025, 05:09:27 PM

[edited out]

you have really spoken well here a new investor should just stick to bitcoin investment and forget about shitcoins for most shitcoins out there has nothing to offer in return when you put your hard earn money in them.

Focus on accumulating bitcoin to hold for long term for Bitcoin investment investment is better and more profitable than investing in shitcoins, and to be frank with you guys since I came into this system I have not witness nor seeing any shitcoin doing what bitcoin did in the system, so why investing in shitcoins that has nothing to offer.

You are probably wasting your time if you are investigating into shitcoins, and if you learn about bitcoin first, then you will likely see why their is little to no reason to really try to learn about shitcoins, unless maybe there are sometimes some incidental matters related to shitcoins that sometimes might be interesting to know or that you can even learn through mostly focusing on and studying bitcoin.

Quote from: Orluemma on April 02, 2025, 11:00:51 PM

Quote from: JayJuanGee on January 01, 2025, 06:36:04 PM

[edited out]

It makes make sense
Seeing what you could get and forgetting the reality of it been real
What is real is you put almost everything that you have now and wait for the unreal which you never know
I once made but mistake
Using my school fee and everything i had to buy bitcoin and It went down and after I withdrew to settle my debt bitcoin was booming

I see no problem using extra money that you don't need to put into bitcoin for 4-10 years or longer, but surely in your described situation, you were using money that you needed, and so your money was not extra. You were trying to gamble with your expenses money, which ONLY works if the BTC price would have gone in the right direction (which would have had been up), and yeah, of course, we cannot rely upon bitcoin going up in the short term, or even in 4-10 years or more, so we put money into bitcoin that we are willing to lose, even though we surely would prefer our bitcoin holdings to be profitable by the time we want to try to withdraw from it in the future.. maybe 4-10 years or more into the future.