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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.
Yeah, there are some off chain transactions that can happen now and with exchanges, they offer that. So from UIDs to username or any other identifiers that they can use for someone's identity where it can be sent within the platform. That's so nice of you if you still do it.
You're right, most of the spectators that are watching right now are very concerned to the price of Bitcoin. As if they're watching their favorite football and basketball game and we're the players here that are thrilling them.
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.
That's how it will be for them if they don't invest as early as now. The same thing in the past that many spectators turned to Bitcoin investors have made themselves comfortable after realizing that it's not just going down but increasing more.
And it's the truth, it's better to have even in the slightest that they can ever start than to have nothing.
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.
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.
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.
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.
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.
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.
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.
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.