~snip
- To start the new week, please check the MACD for the weekly chart. I believe that our 100 Spartans in the Push Ups until 100,000 topic will finally get their rest.
HODL
Certainly a good news for the Spartans and hodlers, but a bad one for those waiting to buy the dip. It's definitely going to be an interesting ride. MACD is literally at the bottom, and climbing to the top. A possible break of structure would give us a new ATH. We're just getting started... Continue buying... Keep Hodling.- To start the new week, please check the MACD for the weekly chart. I believe that our 100 Spartans in the Push Ups until 100,000 topic will finally get their rest.
HODL
Those buyers in the market do they think they don't know what they are doing?
It's only myopic people that will be seeing it that way as expensive because Bitcoin is seriously on the rise, and I see it setting a new all time high in the nearest future, that's why their should be no wasting time for those that hasn't started accumulating it yet, the better they seize this opportunity or regret later.
We cannot really tell what bitcoin is going to do by looking at charts, and sure, there is no problem to look at charts and try to guess, yet in the end, anyone who might be considering themselves in bitcoin accumulation stages, that may well take 4-10 years or more to accumulate enough bitcoin, then they are going to need to spend at least a whole cycle just accumulating bitcoin no matter what (perhaps trying to make sure that they buy at least once every week), and perhaps after they have been accumulating BTC for a whole cycle or more they might find it reasonable to adjust their BTC accumulation approach in which they might not buy all of the time.
[edited out]
Those people that are being misled by the altcoiners are going to realize one day that they've been into hype and that's a mistake that they should have learned earlier than before. It's hard if they get stuck with those assets but as soon as they realize that there is not that much move at all, that hard realization will get them.And that's how they learn from the mistakes that they've committed. I've been there and done that but learned a lot in the long run and let's hope that many of them will too.
Well, that's so noble of you when you've given away a lot of those $5-$20 BTCs before. That's a lot in today's valuation and the effort and monetary value that you have contributed for the community just to give it away is a lot.
Will there be a chance that you'd still give somehow at this point for the same reasons?
I still do give some bitcoin away from time to time, so for example, if someone sets up some kind of an account then I will send some bitcoin to it, but I will also try to be mindful of fees, and so some kinds of accounts have easier to manage fees than others.
Back in the earlier days that I was sending bitcoin, the Circle app made it really easy, since the bitcoin would be sent through the Circle app to the e-mail address of the recipient and so the recipient would merely need to open the e-mail and then claim it through Circle.. so sure they did end up shutting down in 2019, so maybe there were some potential issues with how easily money (value) was being sent around through their app/service.
There are still ways to give away bitcoin, but it is more difficult to do on chain or even using various services.. but there are still some that do allow for free value transfer within their apps...and lighting network is not very expensive, even though sometimes it can be technically cumbersome to set up a lightning network wallet... or to have confidence that it is actually a lightning network wallet.. although surely onchain fees are cheap right now, even though we cannot necessarily rely in onchain fees to remain cheap into the future.
I agree, it didn't topped yet and that's why those who are discouraged about it, they need to take time and decide very well for this cycle.
It seems to me that anyone who is new to bitcoin and either a low coiner or a no coiner should not be concerning themselves if the market has topped, and surely the BTC price could go shooting up, which might cause many of us to consider that the BTC price has topped, and surely a newbie might come into bitcoin with smaller investment amounts and even anticipation that the BTC price might drop from their entry point, yet if they are investing a reasonable amount for their discretionary income for 4-10 years or longer, they still well might end up being better off for employing a strategy to get started and to get in rather than employing a waiting strategy that might not work out for them... but yeah, each person has to decide for himself and live with the consequences of his action choices (or his non-action). Yep... it is best that bitcoin is not a spectator sport, and many folks do not realize that it is in their better interest to not treat bitcoin like a spectator sport...and so maybe many years down the road, some of these folks will end up buying bitcoin, but they are having to buy it at much higher prices, when they could have just gotten started earlier, even if they might choose to only buy $10 per week, it is better to have some bitcoin rather than to have none.
I think that if they are going to decide to invest, they'll only realize that sooner and they'd heavily going to be after it when we're on the next cycle or hopefully, before it.
Some people might come to realize earlier rather than later, yet it seems to be very common that even people who hear about bitcoin, they either fail to act or if they investigate into the matter, they end up getting distracted by shitcoins or trying to trade bitcoin, which are both mistaken ways to approach bitcoin.
Slowly but surely as they say and I agree that if they're worried about BTC's volatility, they should only invest with the smallest amount that they can risk. Later on, they'll understand why many are optimistic of investing and telling everyone to buy more.
There could be a hypothetical person who has a budget of $100 per week that he knows that he can put into bitcoin, yet he purposefully decides to ONLY put $10 or $20 per week into bitcoin and to hold the remaining $80-90 per week for buying dips, and that may or may not be a good approach, but at least, he had gotten started and he is consistently investing, even though he is also purposefully choosing a more conservative (perhaps whimpy?) approach to his weekly budget amount. I tend to recommend to not hold back more than 25% for buying dips, yet I understand that there could be circumstances in which the BTC price has done so much upward price performance that any person might decide to hold back a larger percentage for buying dips.. with the realization that anticipated BTC price dips may or may not end up happening.25% for buying dips is actually already good and even better if they could do more than that. And they're doing it for themselves and not for us that they'll thank themselves one day.
I will admit that it takes some effort to change anything in our lives, and even if we were to merely buy $10 per week (or better yet $100 per week) worth of bitcoin, we still have to put systems in place to both make sure we know how we are sourcing our coins and make sure that we have dedicated $10 per week so that it is not going to interfere with other aspects of our budget and/or lifestyle.
That's right, there is only so much we can do from these people. They've asked, we listened and we gave them suggestions on what should be for the good of their investing journey. I've been there and I understand your frustration, these people probably value our words at the beginning but if they think they're good enough, they're walking freely and deciding for themselves which is normal.
Even people who claim to not have a lot of ego tend to have a decent amount of ego, so people do prefer to make their own decisions, even when they might be relying on bad sources (without realizing it). Sometimes the mere fact that we have given them an alternative perspective to consider will be valuable in regards to their having information to do their own due diligence and their own research into the matter to attempt to verify the extent to which our perspective might have some validity. some folks might have seemingly solid trusted sources, even someone like an investment advisor who is telling them the opposite of what we are saying, and they might have had felt that their investment advisor is acting in good faith and has even helped them out extensively through the years, so they feel that they cannot deviate from the guidance of their investment advisor... even though in the end, most investment advisors will also proclaim that they are ONLY executing the wishes of their clients.. and surely over the years, I have had discussions with quite a few bitcoin naysayers who otherwise seem smart, but ultimately had been overly swayed by their investment advisor and they could have had make $100s of thousands or even $millions of dollars by employing some version of allocating to bitcoin, as I had suggested.Prior to 2020, for new investors into bitcoin, I had been recommending 1% to 10% into bitcoin, yet since 2020, I have been recommending that newbies try to consider 5% to 25% into bitcoin, and sure of course these are beginning ideas, so a person ultimately is responsible for his own choices, and if he is whimpy or pessimistic about bitcoin, he can choose the lower end of the recommended range, and if he is more bullish or optimistic, then he can gravitate towards the higher end of the range.. and in the end, he is also not limited by the range, even though I am suggesting such range as a beginner consideration, yet at the same time, each person has to tailorize whatever investments they make (whether bitcoin or otherwise) to their own financial and psychological circumstances.
Many investment advisors have been advising against bitcoin, yet in recent times, since January 2024 (after the approval of the ETFs), there are some of investment advisors learning about bitcoin and even being able to offer bitcoin to their clients. Even in the first 6 months after the BTC spot ETFs were already approved, there were many investment advisors who still did not have access to such Bitcoin spot ETF products... so they are coming more and more available, which actually helps the investment advisors to recommend, since now they can also make a fee off of their advising clients in the direction of the spot ETFs.
And that's not a bad advocacy because there's always the thought about what if they have listened when someone has spoken to them about Bitcoin earlier but because they have their own thoughts, they didn't.
Even if people believe that their investment advisors had given them bad advice, they still might have difficulties firing their investment advisor or maybe just going from one investment advisor to another when they might not even need one.
I admire the newbies that despite that they're new to Bitcoin investing, even if you suggest them 5%-25%, they'd do more because they have done their research and they can do better than the others that are still watchers and waiting for some dip. Consistency is going to beat these intelligent people in the market and that's what they need to capitalize on through DCA.
Many folks who had not previously invested would be better to start off at 10% and then get used to it before ramping up their numbers to higher amounts, such as 25% or even going outside of the range, and surely if they are more familiar with their situation and they really believe that they can go higher than 25%, then surely they are free to make those kinds of choices, even though it might be a bit of a challenge to go more than 25% without ending up going too aggressively and/or making sure that the various aspects of the cashflow management, including back up funds are in a strong position.
But if they already have some thoughts of doing something else, they shouldn't waste our time.
Sure some folks are disingenuine and/or not serious, and so we do have to determine if we might be wasting our time talking with them.. .and surely even in real life, there might be some folks who engage us in trolling kinds of ways and they really are not serious, even though they ask questions about the topic... so we do have to choose the extent to engage with seemingly unserious people or if we have enough patience, and surely sometimes we can even tell them that we are purposefully not talking with them about the topic because they are not sufficiently serious about the topic, yet maybe we could let them know if they take certain actions to show their level of seriousness, then maybe at that point we will choose to talk with them about the topic.But if that's the purpose of them of wasting our time and trolling us, I just hope the best for them but it won't be surprising if one day they find the same person trolling them with their passion or whichever they're good at.
We might not know someone to be dishonest or not serious, and perhaps they might not even realize for themselves that they really are just playing around. Many times we do have to give people the benefit of the doubt until we get to know them, and sure, if we already know some folks who are not serious, then we may well want to avoid spending time on trying to help them when they are a bit of a lost cause that needs to work on their own situation and/or skills prior to our spending time with them.
Oh well, this is a normal for btc guys like us when we're asked about certain things with BTC, we're always there to help but knowing that it could just make us disappointed, it's also tiring after realizing that we're already doing too much for others.
Of course part of being alive and a social being (instead of isolated and alone) results with our sometimes having relationships that are frustrating, and surely sometimes we are able to limit the interactions with some of the persons who frustrate us, but sometimes these people are within our circle of friends/relatives and we cannot completely avoid them.. even though sometimes we can establish boundaries or even communicate our boundaries in a way that they might realize that they have to take some actions, such as setting up an account and/or establishing a wallet, yet still if we have already interacted with someone who is overly frustrating us, then we might choose to avoid them in regards to all topics, even if they might show good faith efforts, we might not be interested in interacting with them on the topic of bitcoin and/or other financial and/or personal topics.And upon seeing the market ripening again, they'd back. I'm only giving them the answers, the same ones and making them thought of if they have just bought during the time I've talked to them, they're already in profit.
Of course, the longer that we are in bitcoin the more likely that we have folks with whom we spoke with in the beginning times of our bitcoin journey, and they continue to NOT act and they continue to say that they should have had acted in earlier years.. and so they continue to make the same mistakes, and it can be quite frustrating having conversations with these folks, and I have some folks who I have been talking with about bitcoin since 2014, and they still have not even gotten started.. but they still say that they should have had listened to me... blah blah blah, and I tell them the same thing, which is to get started... The same suggestion is still relevant.. get started sooner rather than later.
It already has got a lot of information and helpful tips but if you've got some time in updating it, please do so for everyone to learn something new, information or experiences from you.
There are a couple of the tables that I would like to update, but surely it takes time to do so, and sometimes I am juggling other things and I feel that I am not ready or able to make such updates. For example, I have my own updated version of the fuck you status chart.. and the one in the thread has not been updated for nearly a year... it still communicates several of the ideas but is missing some of my new information and/or even the updates in the projections.. and there are some other areas too.. but it takes time to go through the various areas and even to decide whether a new thread might be preferred over ongoing updates to posts already made. .in which they are going over several topics at once... Sometimes if I am making a post, then I will revive some portion of the thread or update some chart.. so sometimes it does end up happening that I am able to update the information in some of those prior posts... yet even if they have outdated information, the structure for the information can still be helpful to for guys to extrapolate the underlying ideas...and perhaps come up with their own charts.. which frequently I had gotten my information from other sources, but then working out my own variation of the information that I attempted to present. Largely, I created the threads because I found myself repeating certain themes in my earlier posts, over and over and over, so the threads made it easier to just reference (or link to) various posts in those threads.