Quote from: maydna on Today at 08:31:24 AM

Quote from: JayJuanGee on Today at 12:14:58 AM

Quote from: maydna on April 11, 2025, 09:16:36 AM

~snip~

I doubt that I need to repeat what I had already written, and sure, you are saying some of the right things, even though you are a bit all over the place in regards to various messages that you are communicating, and I still think that you are overly focused on profits rather than just keeping your head down and accumulating as much bitcoin as you can, rather than getting worried about the BTC price... and surely my point was not so much about the amount of bitcoin accumulated, but instead guys investing within their own circumstances, and surely any investment into bitcoin that consistently is able to invest 15% of your income into bitcoin would likely be aggressive, yet historically, it would have had also shown very good results in 2 cycles or less... and we cannot be guaranteed that future results are going to be as good as they have had been historically, even though bitcoin's investment thesis is not seeming to get any worse, even though the upside slope is likely to not be as steep as it had been in the past couple of cycles

You are right @JJG. Thank you for your correction for me. I really appreciate it because that will be my lesson to introspect more.

We could only hope what we do will give benefit for us. I am sure Bitcoin will not let us disappoint but we must be patience and enjoy the process without complain. After all, all things need time to give the result, right? Grin

Of course, there are many of us who likely historically had not been accumulating bitcoin as aggressively as they could have had been or they should have had been, and at the same time, they continue to make mistakes around trying to time the market rather than putting their heads down and being thankful for whatever bitcoin that they had already been able to accumulate, while at the same time recognizing and appreciating that likely the best ongoing path forward is to keep on accumulating bitcoin, even if the prices seem high relative to what they had been historically and also even though there continues to be uncertainty about bitcoin short term price movements.

There are a lot of guys who had made mistake through their own actions, and I gave you an example of 15%, which would mean that about every 6.67 years the person would have had been investing a whole years of his salary into bitcoin, and surely most people are not able to be so aggressive in their bitcoin investment due to their own financial and/or psychological situation, and so surely I imagine that most folks are not able to accomplish that level of investment.

Yet, I gave a bit of a higher level of investment aggressiveness in order to demonstrate the point that ongoing, consistent, persistent, regular and perhaps even aggressive bitcoin investing historically, could have had really paid off in regards to making a lot of progress - so it would be very difficult for anyone fucking around with trading and/or shitcoins to have had been able to match or beat such results, even though surely there still might be some folks who had been able to match or beat such results.. so I am not suggesting that beating such results would be impossible, even though they are very good results in regards to the pay off of ongoing, consistent, persistent, regular and perhaps even aggressive bitcoin investing.

Let's say in the past nearly 10 years, you had not even invested a whole year's of your income into bitcoin (whatever might be your level of income), then that would mean that you likely had been investing into bitcoin less than 10% annually, and perhaps quite a bit more whimpily than what you should have had been doing... and perhaps you had been trying to to time the market, trading and even fucking around with shitcoins which largely you can probably recognize/appreciate that your own actions had ended up diluting your attention and your investment into bitcoin into less productive ways.

It can be difficult to suggest anyone to try to make up for his past mistakes, even though a lot of folks have made a lot of mistakes in regards to their level of aggressiveness towards bitcoin being too whimpy and sometimes so whimpy that they have not established even close to enough of a stake in bitcoin as compared to what they could have had or should have had.

If you can recognize and appreciate that your own approach had been too whimpy in regards to bitcoin, you still can recognize and attempt to step up your level of aggressiveness towards bitcoin accumulation without overdoing it.... .So, you still may well be able to be thankful for whatever quantity of bitcoin you had still been able to accumulate and to put your head down and continue to accumulate, perhaps at a bit more of a regular and aggressive kind of a way so that you can get your bitcoin stack up to a level that it might be able to either support you or at least supplement your support, 4-10 years or longer down the road.

Of course, it is not guaranteed that your ongoing investment into bitcoin is going to end up paying off, but it surely seems that bitcoin remains amongst the best (if not the best?) of investments that are currently available to everyone and anyone around the whole world, as long at they have a discretionary income.

Quote from: BitBakerr1 on Today at 10:50:26 AM

Quote from: JayJuanGee on Today at 12:14:58 AM

Quote from: Odohu on April 11, 2025, 03:55:29 PM

Quote from: Bitcoin.com97 on April 11, 2025, 03:28:36 PM

[edited out]

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

A lot of people sell too much too soon because they do not understand the value of what they have and the likelihood of later compounding value that can take a while to play out.. perhaps a couple of cycles or more.

Yes some set of people in the past sold off there Bitcoin because they don't really know the value of Bitcoin and what it can give them in the future, I have seen someone who sold his Accumulated Bitcoin long time ago and right now his regretting saying he never knew Bitcoin will become this valuable, some set of people will still sell of there Bitcoin because they don't believe Bitcoin can get up to $500k but those who knows the true value of Bitcoin will know is very much possible and keep holding.

I doubt that there is any reason to place any exact number on bitcoin, even though $500k is quite low and it is only around 6x from current prices. there are likely better ways to frame bitcoin's value or expected future value rather than focusing on prices.

Quote from: ejikeme24 on Today at 05:33:26 PM

Quote from: Merit.s on Today at 03:25:16 PM

[edited out]

In other way round i think diversifying is a means of spreading your risk around, so that if some crypto assets fall in value, others can still maintain their value. I was actually trying to point out something here, you know trading has a high level of risk than that of crypto investment but is obvious that the risk in crypto investment is very low to be compared with that of trading. Which is why I just decided to use the word diversify" since there's no guarantee about those outcome we get when trading so is good to spread the risk, so that should incase you didn't succeed in trading you will still have a hope in your investment. Though your definition is quite different from my this is why is as if I'm getting it wrong here.

However, when I said that a trader should also look at crypto investment while trading. I don't mean that they should use thier profit to invest, rather they should also use a little portion of thier discretionary fund to invest, This is exactly what I was trying to say.

There is no need for beginners to think about fucking around with shitcoins, and there is no reason to diversify into shitcoins either.

It is likely best to learn about bitcoin first, and also cashflow management practices, which would include setting up back up funds, and figuring out levels of aggressiveness in regards to bitcoin accumulation that comes from discretionary funds.

Sure if a person is either able to front load a lot of value into bitcoin or maybe he has spent several years investing into bitcoin, then sure hthe might want to diversify into various other assets, such as properties, stocks, bonds, commodities and cash/cash equivalents. I think if someone is tempted to fuck around with shitcoins then he should limit his gambling with those to 10% or less of the size of his bitcoin investment - even though sure a lot of gamblers have trouble limitiing their gambling since there are so many attractive things to want to suck away their money and they tend to get tempted into cheating by putting more value into shitcoins and/or trading rather than keeping themselves limited to 10%.

It can take a long time to build up a bitcoin investment or even to learn about bitcoin first, such as 4-10 years or longer, yet surely there are some folks who are able to front load their investment into bitcoin, which might give them differing options rather than someone who has a more limited budget and is only able to do regular DCAing.

By the way, risk spreading around can likely come from good cashflow management, and even figuring out levels of aggressiveness based on discretionary income and the extent that it might vary over time, which might also come through projecting income/expenses into the future in order to lessen the frequency and/or severity of mistakes - which also the back up funds would likely also help to capture some of the mistakes, especially if the mistakes are not severe ones... which your suggestion to diversify for the mere sake of it seems to be a bit of a lost puppy approach, when you are seeming to presume that there is any value in shitcoins beyond trading them (which is also another way of saying gamble with them, which is something that we should not be doing with our investment time, energy and/or funds).

Quote from: Mr Reporter on Today at 05:46:36 PM

Quote from: Merit.s on Today at 03:25:16 PM

[edited out]

in addition diversification can aslo help manage risk of spreading investment across different assets classes reducing dependence on a single investment and also it is know for reducing portfolio volatility, as different assets may preform differently in various markets conditions.

Sounds like you are referring to diversification for the mere sake of diversifying, and so what are you diversifying into?

You have been registered on the forum for less than two years Mr Reporter. Are you diversified beyond bitcoin and cash? Have you built up your bitcoin investment already to such an extent to justify such diversification? or you believe that diversification is important for the mere sake of it?

Wouldn't the portfolio and perhaps even time and energies of newbies get diluted if they fuck around with diversifying when they likely need to spend some time learning about how to invest into bitcoin, learn about cashflow management matters and also learn about bitcoin.. so hardly makes any sense to get distracted into diversifying merely for the sake of the idea because it sounds smart.