Quote from: Tungbulu on April 29, 2025, 06:44:01 AM

Quote from: JayJuanGee on April 29, 2025, 04:21:53 AM

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Yeah, when a guy is in his accumulation stage, it gets pretty easy to get caught up in the asset’s short term price fluctuations. But the key is to always remain consistent in their accumulation and focus more on the long term growth and performance of the asset as this would help to reduce the impact of short term volatility and also help the investor to stay grounded. At least a 5-10 years timeline is just perfect for a lot of investors, because this timeline has the ability to help an investor ride out the market’s ups and downs within the short term and also to focus on the long term goal and future of the asset.

When investing/accumulating Bitcoin overtime, the goal should shift from wanting quick and immediate profits to building a very solid foundation for the future. It’s more about finding a strategy that suits pretty well with you goals and also help you stay focused on those long term goals. Another importance of prioritizing long term goals and consistent accumulation is that it helps the investor to reduce the anxiety and emotional/mental stress associated with the short term price movement of the asset.

The investor also gets the chance to really understand the market as well as the potential of Bitcoin when hr choose to employ this strategy in his accumulation stage. Confidence in the investment is built through continuous learning and growth and one is able to make more realistic decisions without fear or panic. Especially for those who are relatively new to Bitcoin investment, setting realistic expectations and focusing on the long term potentials of the asset is very important as this is the only way to avoiding being caught up in the short term speculation.

I am not sure if I would consider 5-10 years to be perfect, since there can be a lot of variability in terms of how long it takes a person to accumulate enough (or more than enough bitcoin). So, even if a person is stacking steady for 5 years or more, his older coins will have 5 years of time since they were bought, and the newest coins sill need to ride for a while.. perhaps at least 4 years from the time that they were bought before they might be ready to rotate into some other status besides holding them.

Surely, if a person lump sum invested, and front loaded most of his investment in the beginning, then most of his coins would have had time to compound in value... not guaranteed but still the passage of time is helpful to increase the chances for the value the coins to compound upon themselves.

Quote from: MithiRM on April 29, 2025, 07:14:33 AM

Quote from: Zackz5000 on April 29, 2025, 06:19:56 AM

Advising a newbie or a low income earners not to invest into Bitcoin because they did not have a stable source of income is wrong and can also be misleading where by making them no to start up there bitcoin investment, as they can get started if they have figured out what is there discretionary income to get started that's what is important and can gradually grow there financial ability along their investment process.

The year you mentioned which is 2-3 years which you proclaim to be long time investment is actually a short time investment and can be seen as trading, long time investment should be from 4-10 and above.

Your statement is as interesting as it is far from reality. Telling new or low-income people to enter Bitcoin without any judgment is not only wrong, but also extremely irresponsible. What you are presenting lightly as 'discretionary income', in reality, many people mean by that so-called extra income that they have at the end of the month, the 500 taka in hand with that, there is a high probability of losing everything instead of profiting by entering the volatile crypto market.

Bitcoin has been proven many times in its history that it is a high-risk asset. Have you shown them the real picture of that risk? No. You are just inflating the balloon of possibilities, as if everyone will become rich by entering here this view is wrong and misleading.
And what you call trading, judging it on the basis of time this is a completely childish analysis. The difference between investing and trading depends not only on time, but also on motive, strategy and risk management. If you understood that, you would not have made such a statement.

So, please, instead of spreading empty rhetoric like "everyone should get into Bitcoin," present an honest picture of the real situation and risks only then will new investors benefit, not suffer.

We are not talking about trading in this thread, and you seem to have differing ideas in regards to how guys might get started with their bitcoin investment, which happens to be what we are talking about in this thread. Guys are completely responsible for their own choices in regards to whether to invest and/or how to invest into bitcoin, and frequently guys in this thread will recommend that guys get started investing in bitcoin as soon as possible as long as they have a discretionary income, yet each person still has to figure out his details, and none of us are responsible if they cannot figure out the extent to which they have a discretionary income or not... and to make sure that they are investing within their discretionary income and not from money they need for their expenses.

Quote from: POPOLUV on April 29, 2025, 10:25:47 AM

Quote from: Loyang on April 29, 2025, 01:04:47 AM

I am new to this forum. I have been on this forum for a few days and I registered. And after that I asked for help in Beginners & Help. Many people gave me many ideas and helped me regarding investment. Now I am willing to invest. But I have no source of stable income. I am still very young and I am studying. I will not be able to do any job along with my studies. I thought that I will invest some amount of money from my father.

I must tell that the person that have introduced you to Bitcoin investments have done everything for you but good, i want to advise you that should never be a hurry because Bitcoin investments is not an investment that you need to hurry because you have alot to learn in Bitcoin.

Since you are very young and vibrant, and there is no steady cashflow for you to invest, that should never a problem because i believe that when there is life there is still hope so never dispite your little beginnings, better days is ahead of you.

There is one thing i will like to know about in Bitcoin investments, Bitcoin is an investment that will take a longer time for you to start making money out of it, so you not have it in mind that since you have introduced to Bitcoin and if you should start investing now that money will start to come, Bitcoin it is long term investment that will take years to build up your portfolio.

Sure, a person might not be in a good position to invest into bitcoin, yet it does not mean that they should not be trying to figure out how to possibly do so, even if they might not have much disposable income. They can also invest time and energy into bitcoin, yet surely I understand/appreciate that younger people might also be needing to learn about other topics, apart from learning about bitcoin... but telling people to wait or that there is no hurry, seems to misunderstand bitcoin and to be giving bad direction to others.

Quote from: Solokan on April 29, 2025, 03:50:59 PM

Quote from: SmartCharpa on April 28, 2025, 03:10:06 PM

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I am sure that the example given by JayJuan gee will make many people realize that by routinely dca for 2 cycles with $10 we can have btc 0,04 of course 0,04 btc in the future will certainly be more expensive, this is really interesting.

Exactly you seem to get the point that getting 0.4 BTC from the past 8 years' budget of $10 per week is likely going to end up costing more in the future as compared to what it had cost in the past, and so therefore, the example that I gave was exactly what would have had happened if a person had followed a $10 per week investment into bitcoin for the past 2 cycles (or 8 years) - but the past performance does not guarantee future results.. and we likely realize that if we are starting to invest these days with an 8 year timeline to attempt to invest 0.4 BTC or more within that timeline, we may well have to invest $100 per week or more to even have a chance to getting close to 0.4 BTC after 8 years of investing at that new $100 per week rate of investment...

Each of us can ONLY attempt the best that we can based on our own circumstances that includes figuring out how much we might consider to be reasonable to put into bitcoin on a weekly basis based on our own means.. and our own goals.... and our choices regarding how aggressively to allocated into bitcoin (and hopefully not screwing up along the way) will have consequences 8-12 years down the road, or longer.

Quote from: tiCeR on April 29, 2025, 04:04:48 PM

Quote from: JayJuanGee on April 29, 2025, 04:21:53 AM

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It depends on how people look at things because not being in profit for the first three years after beginning to build a portfolio essentially means that you were able to buy at lower and lower prices. Some people don't get that point I think when they were able convince themselves that bitcoin is a great investment, from day one they would like to see prices go up, which actually is wrong as it means less BTC for the buck.

For some it might sound counterintuitive, but as a beginner you would want prices to stay where they are or go down as long as you are convinced that there is long term potential.
But it is still possible that people hope for a quick flip because they look at the charts from the past, see how quickly bitcoin could gain momentum sometimes and then they hope for that flip. While retrospectively there has been a lot of flipping potential in the past, I think now it has turned more into a long term game that pays off those who consistently stick to their investment plan. I wouldn't waste too many thoughts on flipping, if any at all.

The time horizon is incredibly important now because if there is someone sitting on maybe $10k, asking themselves what to do with it knowing that they need the money in 12 months from now, I think bitcoin might not be for them. Fact of the matter is that it's quite easy to get stuck in bitcoin if the time horizon is merely a year.

There surely is some advantage in terms of having bitcoin prices coming down while investing and/or alternatively to just remain flat for long periods of time while the BTC accumulation is continuing to take place.

I surely will admit that it can also be painful to have extended periods that our BTC holdings are not in profits and/or they are failing/refusing to go up in value... We can end up getting anxious and then making various kind of mistakes trying to outsmart the market, yet if we continue to stay focused on accumulating bitcoin and/or holding (if in doubt?) then there seems to be good chances that at some point our bitcoin holdings will recover. and at least get our holdings back into some kind of a green situation rather than a red situation.

And, yeah, even though guys feel good in the start when their bitcoin holdings are going up in value, those price rises still might be throwing them off of their abilities to focus on continuing to persistently accumulate bitcoin rather than starting to hold at times that it is not necessary to hold and/or to hold back on the level of their buys because they believe that the price might drop.. and then the drop might not end up happening.

Quote from: skarais on April 29, 2025, 06:20:03 PM

Quote from: ginsan on April 27, 2025, 04:29:31 AM

Quote from: JayJuanGee on April 27, 2025, 02:06:46 AM

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They have not realized that Bitcoin has many advantages compared to other assets. Bitcoin is growing faster with technological advances, people who delay investing will not only feel regret but they are throwing away the opportunity they have seen that bitcoin is better to have since they knew it compared to delaying and not buying it.

Some of them will express their regret when they find out that their friends or relatives are investing in bitcoin while they do not have any btc in their portfolio. Early awareness to continue accumulating is a better way to face a brighter future by having bitcoin.

In developed countries, maybe the average person has chosen bitcoin over gold, because the investment shift from gold to bitcoin is a smarter choice when the world is developing with increasingly sophisticated technology.

ginsan, I know that bitcoin is one of the assets that performs well as a long-term investment asset, but don't generalize that everyone is the same. The basic difference that we need to consider in this case is the financial ability of each of them, meaning, not everyone has the capital to invest and they don't know what to do when there is no job available.

Take some examples from people in your social circle, what are the reasons they don't invest in bitcoin when others like you invest in it. Even I really have to say that 10 out of 10 of my coworkers who earn below the minimum wage are unable to save for a reserve fund, it proves that they haven't really been able to invest if they don't have additional income.

I think that most of the guys regularly participating in this thread, including ginsan, understand that the only way to feasibly invest into bitcoin or anything else is to have a discretionary income, and so I doubt that there is any presumption that guys have a discretionary income, yet there may be a presumption that many folks might have some abilities to improve their discretionary income in order to attempt to invest into bitcoin, even if it might ONLY be $10 per week. I am not going to argue that everyone is able to increase their discretionary income, though I would assert that there are likely quite a few folks who have enough discretionary income or they have enough of an ability to increase their discretionary income by increasing their income and/or cutting their expenses...so they may at least be able to get to a point of being able to invest $10 per week into bitcoin.

But, yeah, surely if they cannot even muster up $10 per week as a discretionary income, then yeah, they might not be in a position to invest into bitcoin, and yeah, too bad for them, if they cannot figure out some way out of their situation, since bitcoin is amongst the best of investments (if not the best) available to everyone and/or anyone, yet there is a need to figure out a way to have discretionary income otherwise there is no extra money to invest.

By the way, anyone who bought some ice cream, or a case of beer, or a whisky or a pack of cigarettes has discretionary income since those things are not needed in order to live... they are luxuries, and sure, maybe for psychological purposes everyone will splurge on some luxury good, but still not feel that he is able to consistently buy $10 of bitcoin per week. It can be difficult to argue the situation since each person has to figured out if he has a discretionary income and if he can invest into something like bitcoin for 4-10 years or longer.

Quote from: MusaPk on April 29, 2025, 06:27:10 PM

Quote from: skarais on April 29, 2025, 06:20:03 PM

ginsan, I know that bitcoin is one of the assets that performs well as a long-term investment asset, but don't generalize that everyone is the same. The basic difference that we need to consider in this case is the financial ability of each of them, meaning, not everyone has the capital to invest and they don't know what to do when there is no job available.

Take some examples from people in your social circle, what are the reasons they don't invest in bitcoin when others like you invest in it. Even I really have to say that 10 out of 10 of my coworkers who earn below the minimum wage are unable to save for a reserve fund, it proves that they haven't really been able to invest if they don't have additional income.

It's important to invest in Bitcoin because if your financial condition after 10 or 15 years is not good despite all the hard work you do in job then it's you who will suffer. This is also a reality that due to high inflation and low pays people are not left with anything to invest in bitcoin. In that case a person must look for alternate ways on how he can earn and invest in Bitcoin. One way is to create an account here and upgrade it to higher ranks and earn through services like escrow services, lending coins and more. There is no excuse for not investing in Bitcoin.

I sent you a merit MusaPk, even though I think that your statement was a bit strong in the opposite direction.. yet I agree with your overall point that guys should be attempting to figure out how to invest into bitcoin whether time, energy and/or monetary value.