Quote from: Derekfunds on Today at 01:14:40 AM

Quote from: Brainnybtc on June 02, 2025, 10:49:01 PM

Quote from: sotelorene on June 02, 2025, 06:00:02 PM

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

The fact that someone knows all it takes to invest and hold for a very long time doesn't mean that person can not be seen as a newbie, knowing how Bitcoin works and how to hold doesn't mean you have arrived in Bitcoin investment rather what shows that a person is not longer a newbie is, discipline, maturity and sometimes experience in Bitcoin investment. If some great investors do shake because of dip sometimes then is it a newbie that just joined or venture into Bitcoin investment new that won't be carried away and moreover, knowing all it takes doesn't guarantee your success in Bitcoin investment perhaps you don't understand what Sotelorene is talking about.

There is nothing wrong with being a newbie to bitcoin, and since around 99% of the world's population still does not own bitcoin, that means that there are a lot of potential newbies that are going to keep coming into the future.

Newbies can have a variety of levels of knowledge and/or experiences, yet if they are new to bitcoin they are a newbie.

Some newbies learn really fast, and others take a decent amount of time to figure things.

We might even want to suggest that anyone in their first whole cycle of bitcoin might be considered as a newbie.

Some newbies have a lot of financial resources and other newbies do not. We might presume that most newbies do not have other investments, yet surely there are still folks who come to bitcoin with a lot of investment experience and a lot of cashflow management experience, yet they still might be a newbie to bitcoin, even if they come to bitcoin while potentially knowing way more than a lot of the already existing bitcoiners.

I recall when I first came to bitcoin, there was a young guy who sort of introduced me and who had done quite well in bitcoin, yet I could tell from the beginning that he did not really know about investing and/or cashflow management, yet he had told me that he had come to bitcoin through buying drugs on silk road, and a couple times in 2012, he had bought a bunch of bitcoin for a few dollars each, and for some reason he had forgotten about his 27 bitcoin that were in his silk road account, and when he came back to them, they were worth more than $100 each, and even they had gotten up to being $1k each.

I am pretty sure that he had ended up mismanaging his bitcoin, since he did get distracted into shitcoins, and I kind of lost track of him after a few years, and he was even on the wrong side of the blocksize wars in 2017, and I recall that he was proclaiming that bitcoin was going to die in August 2016 when the Bitfinex (119k) bitcoins got hacked. .. so he seemed to have transitioned into some forms of delusionalness, even though he had known about bitcoin earlier than me and earlier than many others. I am not sure if he was able to recover from some of those kind of wrong ideas about bitcoin and getting sucked into shitcoin talking points including using his bitcoin to invest into a bunch of crappy products (such as Mastercoin) rather than continuing to stay focused on bitcoin and/or to rebuild his bitcoin stash...

Even though 27 bitcoin was a good stash in 2013 and even later, surely he kept saying that he did not have very many bitcoin left, yet surely right now 27 bitcoin would be a fortune for a lot of regular people. Yet even someone who had fallen away from bitcoin, if he had been able to get back on track in the last 8 years, then he could have had built his bitcoin stash back up.

Yet, even someone who got refocused on buying bitcoin 8 years ago in 2017 would have had invested right around $42k, and right now would just have right around 4.1 bitcoin. Not a bad place to be, but surely not even close to as good as a person who had been able to accumulate 27 bitcoin or more in 2012 for less than a couple thousand dollars.