Quote from: Bluedrem on Today at 09:16:03 AM

Quote from: Tonimez on Today at 04:31:25 AM

Procrastination is the thief of time and also a thief of opportunities. Many newbies are always too scared to invest partly because they first learn to watch the charts than learn to invest in bitcoin. Referring back to yesterday is the worst mistake anyone can make in bitcoin investment. Dwelling on yesterday would make you dwell on today by tomorrow. The cheat code is simple; Have a source of income, Device your DCA strength and keep to it, strengthen your back up funds and emergency funds and also moderate your investments to your Discretionary income.

Yes, DCA is the best method for investment. Because you can invest some of the money you are currently earning, which is left over from your basic expenses and emergency fund. For example, if in May, he had $500 left over from his earnings except for basic needs and emergency fund, he invested $500 in Bitcoin this month. Again, in June, he has no money left over from his earnings except for basic needs and emergency fund, in this case, he does not need to invest in Bitcoin this month. When he has the remaining money, he can invest it in Bitcoin instead of fiat currency.

People often see their earned money and sometimes deposit their fiat currency in DPS (Deposit Pension Scheme). Although they earn profit from there, due to inflation, the amount of profit is not that much.
Therefore, investing in Bitcoin is the safest for financial security and to maintain the value of your earned money.

Depending on your country and/or the types of jobs that are available, there can also be varying types of ways that normies might be able to invest into their future, whether it is retirement types of plans and/or even property. Some kinds of investments are safer than others and they may even provide various incentives to invest into them, including tax deferral, tax reduction, matching funds, yield/interest, government subsidies, availability of low interest loans, yet they also might have some disadvantages of time locks or even difficulties to get in or tying up of large amounts of capital or even needs for high capital (or to meet certain qualifications) to get in.

Some of these products compete with bitcoin, and perhaps even lure folks away from bitcoin, and surely some folks might feel that they don't have any money remaining in their budget for the possible buying of bitcoin once they have allocated 5% to 25% of their income to these various products.. and I am not even saying that the dilemmas might not be real.. including that some kinds of funds might not even allow self-custody, so they have to invest through funds that might even offer some ETFs or some other enticing ways to even get price exposure to bitcoin within some kinds of products.

Prior to my getting involved in bitcoin, I had been investing in various kinds of products that were subsidized and incentivized, including 401ks and other kinds of products, and they were not necessarily bad investments, yet in some sense, in late 2013, I ended up being advantaged by my no longer being eligible for ongoing contributions to one of my 401k investments, and so then I was pushed into wanting to supplement that investment, which facilitated my discovering bitcoin and having funds that were available that otherwise would have had gotten put into the 401k that was no longer available to me to add new contributions (though the 401k did not disappear since funds that had previously been contributed were still in the fund and able to continue to earn at their regular rate and continue to receive tax deferral status).

For me, on a personal level, I probably would not have had either discovered bitcoin or researched into bitcoin further if I had not been cut off from being able to contribute into that 401k.. so there was a bit of a blessing in disguise and I can relate to how some folks are somewhat blinded in their abilities to recognize and appreciate bitcoin. By the way, I had been contributing quite a bit to my 401k since there was both the tax deferral, but there was also a matching contribution for the first 5% of my income.. and it added up to a lot of matching money.. so then there can be justifications to put the first 5% of income into a fund that matches.. but then there can also be incentives to put money into other kinds of funds that over preferable rates and even the ease of already being established... so if a guy gets into a mindset of investing 15% to 20% of his income into various kinds of preferable and easy investments that also might even allow for some diversification within the investments, there might be both no incentive to look in other places and there also can be some reasoning that the guy is already investing more than his peers, since so many folks struggle to even invest 5% to 10% of their income.. even though surely there are a decent number of folks who may well have 30% to 50% of their income tied up into various kinds of housing related expenses that involve a mortgage, interest rates to service the mortgage and other kinds of house related repairs and maintenance, so they may well consider that they have absolutely no more money left in their budget to invest into anything else... which there likely is some truth in that, including that so many folks end up buying way more house than they really can afford.

Several times over the years, I have tried to suggest to young people that there money would likely be better put into bitcoin rather than overly encumbering their finances with buying their personal residence... yet properties have been something so inculcated into the practices that normal people invest into, yet with more and more passage of time, we are able to see more and more evidence that bitcoin has outperformed even the best of real estate investments, and there really is no reason to believe that bitcoin relative to real estate is a worse investment, even if the slope of the appreciation curve might be less steep than it has been historically. We cannot really know the specifics of the future, and we can ONLY go from where we are at and figure out our allocation into bitcoin as compared to other places that we might choose to allocate.

Quote from: ultrloa on Today at 09:30:25 AM

Quote from: JayJuanGee on June 24, 2025, 10:47:23 PM

Quote from: Stable090 on June 24, 2025, 04:51:10 PM

Quote from: Justbillywitt on June 24, 2025, 11:28:34 AM

There is actually a best time for one to start their bitcoin investment, that best time was yesterday. This is Just to let you know that there is actually a best time for investors to start their bitcoin investment journey.

I don’t really know the reason why you said the best time to invest in bitcoin was yesterday, or is it because bitcoin price dropped, and that’s the reason why you think yesterday was the best time to invest in bitcoin? I will say whenever you have money, then you can invest, and whenever you are investing is the best time. If you are a bitcoin investor, then just make sure you make use of DCA strategy before investing.

Maybe you saying when bitcoin price dumps is the best time to invest in bitcoin, but if you are waiting for bitcoin price to dump before you going to be investing in bitcoin, then you might not really be investing, so always having it mind that whenever you invest is just the best time to invest.

Hopefully no one is overly complicating the matter that yesterday was the best time to start to invest in bitcoin, yet we cannot go back to yesterday, and so the second best time to invest into bitcoin is today.

We can start investing in bitcoin today, and surely starting to invest in bitcoin today is better than waiting for tomorrow. Waiting to invest in bitcoin is not a good investment strategy, even though surely some people do end up employing such inferior investment strategy that likely ends up with inferior results.

People got confuse about it since maybe they still have this thinking that its better to wait for awhile to see what's going to happen in the market. Then regret those decision made and think about that they should buy their Bitcoin yesterday since that is best position to place their first order.

Market move faster than we think that's why its better to invest now than waiting for tomorrows movement because to much waiting provably won't give us best result as they are delaying everything.

For sure lot of good things will happen if they just think about to became more consistent on their accumulation than choosing to engage on waiting for perfect time to buy.

There is a lot of power in getting started, even if the getting started is filled with pessimisim and even concerns about how it is going to go.. and so even if a person who is capable of investing $100 per week just decides what the fuck, and invests only around $10 per week, and sooner or later a whole year might pass, and they are in a better position to increase their investment from their already having had started as compared with if they are later on getting started, and having regrets because they have no systems in place and they almost have to go through a whole year of screwing up and figuring things out. just to put themselves into a better position to be able to have conviction to increase their level of aggressiveness - even if they might have had started out as overly whimpy.. at least they started...

Quote from: Futurexxx on Today at 10:43:54 AM

Quote from: Cossyblack on Today at 09:09:35 AM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

What's your take on this? Given the period we're in is it buy time or sell time?

If you must buy Bitcoin then it should be today, if you have your discretional income ready buy Bitcoin immediately and keep buying,no dulling. The truth you need to know for yourself is that the price of bitcoin wouldn't wait for you or anybody regardless. What's the points of selling when you haven't started or don't you think it's too early for such. If you're interested in buying Bitcoin, don't give a second thoughts about it, buy right way and you wouldn't regret your decision. While investing in Bitcoin, you need to understand the basics about it and how it works. Always approach the market with a long term plan to become a potential investor, yeah you need to be consistent in your approach in buying and accumulating Bitcoin using your discretional income for purchase. Infact just keep buying and buying until you reached over accumulation target and hold for a long term period of at least 4-10 years or more. The goal here is to keep buying and holding for as much as you can for the long term .

You are very correct and I also share the same sentiment here buddy, investing in Bitcoin is mostly productive when it's being done once your discretionary income is available, because right now Bitcoin is still very cheap comparing to how much it might go in the future, so waiting for a dip or procrastinating is a wrong way to invest in Bitcoin, and as we are doing so, we should not underestimate the power of holding for a longer duration because all of those people that bought Bitcoin a few years back are already swimming in huge profit already, and I am very positive that due to the fact that Bitcoin is still in it early days, it can still do up to 5x or more of it current price, so why waiting or wasting your time before accumulating?
Buying now without paying attention to it current price is going to be the best decision ever made by a Bitcoin investor if he is actually holding for a longer duration like 10 years or more.

Bitcoin can go up or down, yet in terms of its addressable market, bitcoin has the possibility of going up more than 10,000x from here (accounting for today's dollar value with reasonable depreciation and not necessarily the hyper-depreciating of the dollar which is another factor skewing future prices and abilities to price the future).

Sure, it could take 50-200 years or more to reach 10,000x from here... so it is not like 10,000x or even other variations between 5x and 10,000x are reasonably in the near-term foreseeable future.. .but surely in the next 5-10 years, we may or may not get price rises, yet 10x to 100x or more are also fairly reasonably possible in that time (though surely not guaranteed to even go up).. .. even though those kinds of 10x to 100x would be $1 million to $10 million or more for each coin.