Quote from: SmartCharpa on June 05, 2025, 04:02:39 PM

Quote from: JayJuanGee on June 05, 2025, 03:28:35 AM

I think that I scare some folks away from investing into bitcoin too... since I tend to tell then that they have to be responsible for their own choices and not come crying to me if they lose money.. yet at the same time, I am frequently saying that bitcoin investing is ongoingly likely amongst the best if not the best place for everyone and anyone all around the world with discretionary income to put their time, energy and value.

To be honest, I tell people like that as well, and I believe it is the best thing to do because the majority of people who are new to bitcoin believe it is an investment that will provide them with a quick profit in return. If you do not inform the newbies that they are responsible for their losses if they invest, and Bitcoin investment does not guarantee a large return, many of their expectations will be high, perhaps Bitcoin will provide them with a profit they have never seen before.

You're not doing anything wrong, in my opinion, even though Bitcoin is the best investment that is worth our money. However, we must let some people know that they are responsible for any losses they face because some people may choose to invest in something other than Bitcoin and if they lose their money; they will blame you for introducing them to Bitcoin.

Part of the thing that I also frequently tell people is that they need to have a timeline of 4-10 years or more, and the 4-10 year time line is for guys who happen to be old or have some kind of a health concern, otherwise they should be considering bitcoin as a investment that is 10 years or longer.. so then there are so many folks who get scared by my long term framing of matters.

So yeah there are so many folks who want to just get in and then get out, and so I don't tend to want to entertain those kinds of ideas, even though I will tell them that they can do whatever they like, even if I don't agree with such an approach.

Alot of times I will also let them know that my first 3 years in bitcoin was pretty much either in the red or break even, so my BTC holdings were not really profitable for the first three years, yet I don't regret anything that I did, and I will proclaim that many times people are not really in profits in their first several years in bitcoin.. including if they might be trying to build their bitcoin holdings up in their first several years when they are first getting into bitcoin, too. ... so I will say that they should not necessarily presume that they will be in profits, and if they are in profits, then they may well need to not get distracted by being in profits since they likely still need to build their bitcoin holdings.. so there can be dilemmas getting into bitcoin when the price is going up.

An overwhelming majority of folks do not act upon my suggestions for them to get started, and even if they do, they will end up trading or getting involved in shitcoins or making some coin management mistakes.. so I can see why some of us get scared to try to help others since almost no matter what we tell them, they will end up tending to screw things up..and it is not because they are dumb.. it may be because they are smart, so they end up using their smarts to end up screwing themselves up because they end up being too smart for their own good.

Quote from: Wind_FURY on June 05, 2025, 05:05:04 PM

Quote from: sotelorene on June 04, 2025, 11:21:37 AM

Some people are making loss in life because of misinformation and lack of awareness because they don't know that it is not all information that should be received. Moreover, buying with one's whole savings look abnormal but some greed and some traders can do it because of high uncertain expectations I call them uncertain expectations because the outcome is not sure or guarantee. Everything should be done with wisdom because there are point in life where someone is suppose to know what is suppose to be done and what is not suppose to be...

It actually depends on the situation. If a person bought Bitcoin with his/her whole savings during the lowest DIPs of the bear cycle, then it would be the correct decision. You may call it "luck", but the right decision.

It still seems that incrementalism is better than trying to proclaim that someone should hold back investing into bitcoin and wait for a dip (or a bear market) that might not come.

In 2014 (maybe starting in mid-2014), throughout 2015 and perhaps an overwhelming majority of 2016, there were so many folks telling me that I should sell my bitcoin and then buy back on the dips, and those folks had no fucking clue, including that my persistence, incrementalism and even just sticking through those tough times by continuing to buy bitcoin and/or to hold if i did not have money (and not sell) in the early days ended up paying off way better than their dumbass advice of selling or telling me to wait would have had done.

Sure, in retrospect, we can look at charts and we can identify various points in time that would have had been better to buy, yet at the same time, we can see that the persistent buyer has done quite well at all times, even if he started buying at the top of the market.

Most newbies have no fucking clue to figure out what is a dip and what is a bear market, and it is not just newbies, since old timers have similar difficulties identifying bear markets, so they are most times better off to just stay focused on buying regularly rather than fucking around trying to figure out if there might be a dip or not.