Quote from: Sim_card on May 13, 2025, 04:52:58 PM

Quote from: Dunamisx on May 13, 2025, 12:15:10 PM

Quote from: henry_of_skalitz on May 13, 2025, 10:13:21 AM

Quote from: Loyang on May 13, 2025, 10:01:09 AM

Waiting for a drop is never the right approach. This will make you miss out on buying. You think that if Bitcoin reaches $90,000, I will buy. If it doesn't, then you have missed out on buying. You can continue to buy consistently using the DCA method, so you can buy at all levels. If you want, you can set aside some money to buy aggressively.

If you are going to hodl long enough - you can buy anytime, and be in profit.

I don't know if as many as possible were able to identify the trend of double top and double bottom and how this has been shown recently on the market performance if we are close on the chart, we would have seen this coming and know the kind of position to take as regarding investment, e high this month or sooner.

Trying to identify or know when will be the double bottom or double top will add no additional bitcoin to your bitcoin portfolio if you are not buying consistently amd persistently with DCA method overtime. This is one of the reason why I love the DCA strategy because it does not make you end up in regret for not buying cheap or for been a low coiner.

A new investor who has zero knowledge about reading charts will definitely benefits from buying at ghe double bottom if he buys with DCA weekly, regularly, consistently and persistently to keep is bitcoin accumulation ongoing for 4-10 years and above. It's when you feel that you are smarter to buy cheaper is when you will miss out from all the opportunities in the market.

Chart is not useful for a brand new investor who is on a long term journey and is only concerned to be buying and buying till he reaches his bitcoin target. Your priority is for you to keep adding to your bitcoin for the future.

A new investor, and perhaps even a person who has been buying bitcoin for 2-4 years would not be advantaged by trying to read the charts, whether he knows how to read the charts or not. Perhaps even the newbie guy who knows how to read charts is more dangerous than the one who does not know how to read charts, since both should be buying bitcoin regularly, persistently, consistently, ongoingly and maybe even aggressively. If the newbie is reading charts, then he likely is not focusing on buying bitcoin including that he likely falls outside of even any possibility to invest into bitcoin aggressively since he is too busy waiting and strategizing rather than ongoingly buying bitcoin.

Quote from: Mrbluntzy on May 13, 2025, 07:04:00 PM

Quote from: JayJuanGee on May 12, 2025, 07:52:20 PM

Quote from: Mrbluntzy on May 12, 2025, 05:26:08 PM

This would be possible if the person is earning way higher than $60k per year or luckily Bitcoin price drops down to $50k or they would have to increase the yearly intervals they have set to accumulate the 4.5 Bitcoin.

I am not going to presume that the bitcoin price is going to drop... sure it might, but we should not be making our plans based on things that are out of our control.. Yet, each of us should be able to figure out how much of our income that we can put into bitcoin and then therefore how much bitcoin we might speculate that we are able to accumulate through our various accumulation strategies.

If we are new to something, we also might need to be more measured in terms of working our way up to a certain budget, and so hopefully we are not making large mistakes in our ways of calculating how much bitcoin that we might be able to buy or even that we are not making mistakes in regards to other aspects of our cashflow management and various back up funds that we also might need to build and/or maintain.

You are right, sir, I believe that it's more better to invest flexibly than getting oneself in a bad depressive state for the sake of meeting up. Like you mentioned, there are some people that can invest aggressively and still the able to catch up with their pattern of successfully handling the investment and keep it consistent but some persons can not.

Price drop should not be a limiting problem for why the person should not invest but even if the price drops, it's just an advantage to accumulate more than what was expected.

There is always a trade-off for any guys that are holding back value to buy dips. The ONLY way that any guy is able to potentially buy more aggressively on dips is based on his having had held back value.. whether it is holding back 10%, 30%, 50% or some other amount, and so ultimately each guy has to figure out how much to balance the buying of bitcoin regularly and the holding back value for the abilityt to be able to buy dips, and it seems that newbies should be concentrating more on the ongoing buying rather than holding back of value, even though, sure, it might feel good to buy dips, but dips also might not end up happening, so if the BTC price goes up, it feels good to have already bought decent amounts of BTC with whatever value that the person has.

Quote from: boyptc on Today at 01:36:37 AM

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

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.

That is so true. I've known a lot of people personally that I've talked to them about Bitcoin and even friends outside the circle and just did some casual talks.

All they talk about were the memecoins, well, that's them and I understand where they're coming from with all the same excuses about Bitcoin being expensive as they say.

People are going to continue to be distracted by unit bias, and that works to their disadvantage to the extent that they cannot see the value of bitcoin, besides the unit value. Buying satoshis could help (or at least thinking in terms of satoshis). Also learning about market cap could help, even though several shitcoin's manipulate their market cap, yet bitcoin's market cap should be compared with monetary supply and/or gold and/or bitgger companies rather than being compared with shitcoins.. and then getting distracted into believing that shitcoins either have any value or that shitcoins are a meaningful comparison point.

Quote from: boyptc on Today at 01:36:37 AM

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

That's right, the most important thing is they have initiated their actions into investing to Bitcoin. Because if they keep on watching the prices without doing any actions and they're mostly waiting for the good prices that they'll never see for themselves, they'll wait forever.

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.

It all takes some initiation and consistency afterwards.

Many can't do that because they have no eagerness of doing it and that's why they're stuck. It's true that it does takes some effort for one to get into it. Bigger amounts are starting from smaller ones and that's where they have to look at themselves first.

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

To be honest, if these people that have investment advisors and helps them to just follow what they want. I think of them as lucky people because they can avail to have them as a guide but it doesn't align with their goals. And for the people like me and the others here, we've got you and the others who are better than these investment advisors and you're more than that because you're a total advocate of Bitcoin.

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.

That is a good sign and they'll bring more retailers because they are being trusted. But I hope that most investors will understand and know that it only takes them a few minutes of learning to understand that they don't need advisor for themselves when they can handle it on their own.

But I know that because of their busy schedules, that's how they function.

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

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.

That's true becaue they might get some explanation that investments does takes time and it will be the same for them to see the growth of their money.

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

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.

Those that are free to do that probably have decided already for themselves and have done their research so, there's no problem if they will go for more.

And they have everything plan in sight so, they've come prepared and that's a commendable move for them.

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

I am quite naive when I don't think of them as they trolled me. They've asked me as if they're genuine, I answered and given them a tip genuinely out of good will because whenever someone asks us about Bitcoin, we're there to help.

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.

If we're fooled once, it's a shame for them. But if we've been fooled twice, then it's a shame for us.

That's what I do, I don't give them much time anymore if I know where the conversation is going and they're just killing time with nonsense questions about Bitcoin and I can sense that it is an ingenuine question.

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

Yeah, if they're a close friend and relative, we cannot avoid them. But I'm having gestures if ever someone who's asked me before and then I've genuinely given them everything that I know of and yet they have ignored it maybe a week or a month.

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.

That's bad that you've got to talk to them for that long and they are still not into it. Well, I've got also some and they're still asking me if it's a good time to invest.

I always tell them to buy and it's up to them whether they'd do it or not, so, I'm giving them some clue that they shouldn't stop wasting time watching the market as it moves upwards.

Quote from: JayJuanGee on May 12, 2025, 06:28:02 PM

Quote from: boyptc on May 12, 2025, 11:09:43 AM

I feel you, just feel free to do it when you've got some time or whenever you just want to. You've already done a lot for those threads. Maybe reposting it into other platforms or making it as an article just to spread it out in different platforms.

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.

Yeah, it makes sense to just consolidate it there and so you won't be repetitive and if some future threads comes out and topics as exact what you've said there, you can easily point them out there or quote it to the discussion.

Quote from: Gost ms on Today at 03:22:18 AM

Quote from: Odohu on May 13, 2025, 10:55:47 PM

It is obvious that a lot of you are mistaken aggressive investing for something else because it does not mean that you should ignore other important things such as using only discretionary income, setting aside emergency funds and other minor details. Let me give example to make the explanation easier. Assuming someone have been able to work out his discretionary income might decide to invest as high as 70% of it by cutting down on unnecessary spending and channeling everything to Bitcoin. This shows the level of passion and commitment on the side of such investor. Others in his situation may not want to go above 50% of their funds to be invested into Bitcoin.

You can invest whatever is left over from your discretionary income and after deducting your personal expenses, and I would advise beginners to invest 5% to 25% of their income.

If a new investor decides to invest 70% of their income initially, they may be alarmed by small market declines. If a new investor invests 70% initially, they may become very anxious. They should invest small amounts so that they are less likely to get emotional about their investments. It is very difficult to determine how to maintain their psychological balance.

You seem to be mixed up Gost ms. Odohu was talking about investing 50% or 70% of discretionary income as examples of aggressiveness, and discretionary income already accounts for expenses... it is the amount that is left over after accounting for expenses.

When you mentioned investing 5% to 25% of your income, you are talking about income prior to accounting for expenses.

There is nothing wrong with talking about various ways to measure what we are doing as long as we do not mix up the concepts and then start to include a lot of confusing information in regards to trying to figure out the reference points.

Quote from: Wind_FURY on Today at 09:53:16 AM

Quote from: Felicity_Tide on May 12, 2025, 08:09:39 AM

[edited out]

They deserve the rest. But because, currently, they're probably addicted to the pain, and they also probably feel they can do it longer - they will take the path to "the impossible". The path to Push Ups Until $1,000,000 United States Freedom Dollars PER Bitcoin. Cool

But with nation-states and business institutions desire to HODL Bitcoin, it might not be that impossible anymore, no?

Of course, it is difficult to know when $1 million per coin is going to happen, and that is ONLY a 10x from here.. so it is really not that BIG of a leap to reach $1 million per BTC, as you suggested with the fact that Bigger and BIGGER players are getting into bitcoin.

It could happen this cycle.. meaning within the next 6 to 18 months or it could take a bit longer to happen, such as 2-6 more years.

I would be quite surprised if $1 million per BTC were to take more than 6 years to happen... even though we surely know that there are quite a few different possibilities in bitcoin, including that less likely scenarios could end up playing out (and sometimes do end up playing out), even though we probably should be setting up our own preparations in regards to our own situations in regards to the more likely rather than less likely scenarios... even though we should attempt to be financially and psychologically prepared for a variety of scenarios, even extreme scenarios in either price direction.