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Most of people in this state are afraid to go out on their comfort zone that's why we should not follow them because
for sure they can earn less if they focus only on gold.
When it comes to the future, we don't know "for sure," yet it seems that anyone allocating only in gold and skipping bitcoin is going to have pretty bad odds against them in terms of their future financial performance.
I would suggest that anyone who cannot resist keeping some allocation in gold, then they should have no more than 10% the size of their bitcoin holdings in gold, and even that might be a bit much but at least it is in the realm of reasonable.. and fore sure there are going to be people who are failing/refusing to sufficiently/adequately allocate to bitcoin.
Plus the truly learned people about the basics of Bitcoin, and who truly understands how everything sticks together in the network, what makes it censorship-resistant, and what its actual value proposition is WILL HODL Bitcoin/or hold it longer as an investment than those people who merely learns about its market and its price movements.
But in the end of the journey, HODLing will make 90% of plebs more profit than "trading".
I would rather take shortcuts than spend hours just learning about the market and price charts. I mean, after learning the basics of Bitcoin by reading the whitepaper then understanding the fundamentals and having confidence in the great opportunities that Bitcoin will generate in the future, then
Holding is more the best choice than trading.Trading has it on profitable potentials that can be reliable when well studied. Although you might not always make it 100% and it's basically aimed to bring quick income.
Investment is prioritized for long term goal while a minimum knowledge is required because it's a market revolving on it own which price values is being fluctuated and you decides when to opt-out in the long time.
So for a more comfortable state of emotions and looses, investment is most preferable because there's always assurance that atleast, you'll multiply your capital before or during the bull run during it 4 years market events cycle and more longer time you holds and keep stacking on Dca will give you more profit returns.
But not many people can understand trading very well instead more people just risk their money without learning about trading. They don't know that trading is not a quick scheme to earn money especially if they don't have skill.
Yeah, but this thread is not about trading, even though perhaps it has the misleading idea about buying the dip in its title.
There is almost no way that anyone coming to bitcoin needs to learn trading - especially beginners, and it is also likely quite misleading to suggest that experienced traders are going to do better than someone who focuses only on investing and accumulating bitcoin, so it is misleading to suggest that experienced traders are going to even profit from involving themselves in trying to trade bitcoin.
Rather than risk their money in trading while they don't have skill, they better choose to invest in Bitcoin. That will give them a chance to make a profit in a long term and they don't have to analyze and monitor the market many times before they decide. Besides that, they also have a chance to lose their emotion in trading seeing the market fluctuating so that can make them lose control and also lose the money. If they choose to investing in Bitcoin, they can running that smoothly without confuse about the price movement and using DCA will be their best way to accumulating Bitcoin.
I agree with you on this part. Maybe it is good to point out that historically there have been so many folks attempting to trade bitcoin who may well have had made plenty of dollars, yet they still ended up selling way too much of their BTC too soon out of expectations that they will buy back cheaper, and so part of the reason that investing in bitcoin has done so much better historically, as compared with trading is based on the fact that the investor is erroring on the side of ongoingly buying bitcoin and perhaps when in doubt HODLing, and not selling or perhaps buying more whenever there are either dips or periods of uncertainty about bitcoin price direction, the investor continues to buy and sooner or later the holding of bitcoin ends up paying off quite well, and there is not really any other asset that has performed as well as bitcoin historically, which ends up not working so well for guys trying to trade it.. Sure, there is no guarantee that bitcoin's price will continue to go up, yet bitcoin's investment thesis does not seems to be getting any weaker with the passage of time, even if the slope of the UPpity price curve might not be sloped as high as it had been historically.
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It is a tragedy for plebs profiting from short term waves (trading) and later live in a life of regret because there are things that can be hard to forget or let go of, I have heard of a story about a man some time ago who committed suicide only on realizing how much of profits who could have been if only he was patient enough not to have sold to soon on seeing where Bitcoin has gotten to, he felt like nothing is ever going to make him that rich which he has missed from Bitcoin and he ended his life that there is nothing is living for any more, often times plebs like us should always have that reassessment that will always remind us of what purpose are we actually holding in order to be encouraged and determined on focusing on achieving such purpose, there is more to holding just like what we usually say, only put what you can be able to hold and have your peace.
I would think that many guys can choose some comfortable amount to invest into bitcoin that might happen to be 5% to 25% of their income, and then choose an amount that is comfortable for them to be able to hold and keep investing for 4-10 years or more, and so then perhaps 10 years or more down the road, the amount invested ends up adding up to a lot and even if the BTC price has spent time going up and down during the investment time period, in the end hopefully the amount of up has gone up greater to make the investment pay off in terms of providing additional options when it comes time to figure out if the person might transition from accumulation mode to perhaps some form of sustainable withdrawal whether price based and/or time based.
Plus the truly learned people about the basics of Bitcoin, and who truly understands how everything sticks together in the network, what makes it censorship-resistant, and what its actual value proposition is WILL HODL Bitcoin/or hold it longer as an investment than those people who merely learns about its market and its price movements.
But in the end of the journey, HODLing will make 90% of plebs more profit than "trading".
I would rather take shortcuts than spend hours just learning about the market and price charts. I mean, after learning the basics of Bitcoin by reading the whitepaper then understanding the fundamentals and having confidence in the great opportunities that Bitcoin will generate in the future, then Holding is more the best choice than trading.
I prefer to do quarterly analysis, so Hold is the best choice because it has the potential to gain bigger profits.
I would have agreed more with you on this statement if you had mentioned it as less stressful and more rewarding and not necessarily short-cut. DCA is not a shortcut to success in bitcoin accumulation since you would be in the market for a long-term and keep buying consistently and committedly, so there is nothing shortcut about it. It is rather a slow and steady strategy of achieving a good stash of bitcoin after a long time of dedication to your ongoing accumulation journey. correct me if I'm wrong, but I don't think 4-10 years or even more can be considered a shortcut time-frame.
Shortcuts should be attributed to trying to get in and out of the markets and make away with little and quick profits which is same as trading.
Learning the markets and price charts can be helpful if you do so with the honest purpose of understanding bitcoin better and using the knowledge in favour of your consistent buys alone like knowing when buy cheaper within your buying period and hold, else, if learned with trading intention, it becomes detrimental to the investor's accumulation journey.
Even within DCA, we can choose our level of aggressiveness, including that we can choose to combine lump sum and/or buying on dips, and surely not everyone has lump sum funds available, yet I would consider methods of buying right away rather than defering buys to be ones that are structured in regards to being more aggressive.. .and surely it could be possible that a person leans on the side of investing 25% of his income into bitcoin (which would be considered as somewhat aggressive as compared with someone who leans towards investing 5% or less into bitcoin, which would be considered as a less aggressive approach, even though level of aggressiveness tends to be measured from how much of the discretionary income is being used rather than measuring strictly from income level.
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me I can't compare real estate to bitcoin and I can't even compare bitcoin to real estate, because both are good investment what matters here is choice anybody can choose what ever investment he or she is comfortable with, but as for me I prefer bitcoin, because with little amount of money you can start accumulating bitcoin, not like real estate that you need hudge amount of money to start it, and secondly bitcoin is a digital currency that can be used to make payment for goods and services online, and it also a store of value with potential returns when you buy and hold for long term 5 to 10 or longer, bitcoin is decentralize and transparent, with bitcoin you are your own Bank, that's why bitcoin is my choice and I consider bitcoin to be a good investment for both the poor and the rich.
Of course, as you mentioned there are differing attributes for real estate and bitcoin, and surely any of us would need to figure out our allocation (if any) to each of them... real estate, especially when it comes to personal residences, has many attributes of a consumptive good, and surely some people want to have their own home and/or to be able to put their labor into their personal properties. .yet their personal properties may or may not end up holding value and/or appreciating even close to the value they put into them, even if they get pleasures out of owning their personal property.