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There is absolutely no essence of taunting those awkward mentality of enthusiasts or not. We who even feel bitcoin pro today had got some lapses which has contributed to our late realization that non of those skeptics of us about bitcoin was true. Then we developed that positive mindset that has brought us up this far.
I personally recently brought someone to this space after after several attempts of explaining things out. She was of one excuse to another.
First she said she does not have enough to invest when she said the price of one bitcoin and I tried to explain to her that she can buy as she can just afford. I also told her about the Dca accumulating strategy which can help her acquire as much as she think it is her target on regular buying. The had no other option than to say the current price is too high so she have to wait to buy at the Dip and even when the price falls she claims she want a more Dip
Then I figured she is neither not serious. So I moved on without trying to convince her. After on she came with an equivalent of $300 in my local currency and asked if she can for a start some worth of that. That was how she came in to the industry and today she is comfortably buying on a regular without undermining the price.
So if anyone must be taunted, it should be those who knows the truth but are full of excuses with the Price being too high.
Of course people have to come to bitcoin at their own pace, yet sometimes they don't know about bitcoin, and frequently they don't know what they don't know.
So those of us who know about bitcoin can potentially help people to learn about bitcoin, yet sometimes many of us might not know enough about bitcoin to really teach about it, yet we can attempt to share what we think we know.
I frequently suggest that people get started with bitcoin and just figure out some small part of their budget to start to buy bitcoin, and even if it is only a small part of their budget, then they still would likely be motivated to learn more about bitcoin if they start buying it. Of course, people have all kind fo things in life that keep them busy and that they might be learning about things but also they may well be merely carrying out their daily activities to survive, so frequently it can be difficult for people to add a new thing into both their activities and what they might start to become aware of their need to know more about it.
People are also free to decide that they don't need to know about bitcoin and/or that they don't want to know about bitcoin or to get involved in it, and that is their choice, too. Surely many normal people know superficial things about money, so there are some thoughts that they might want to know about a better money (ie bitcoin), but then the combination of money and technology can become more scary for people, even if the world is becoming more and more technologically aware.
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You should not be trying to model your own bitcoin accumulation behavior, your portfolio management and/or your cashflow management on whatever MSTR and/or Saylor is doing, since they are using other people's money to buy more and more and more bitcoin. They are an aberration in terms of their desires to potentially overly hoard bitcoin, and gthey have been doing that since the beginning with their first BTC purchases in August 2020 using something like 75% of their then cash balances, which even that is a bit aggressive for a regular person, but they had something like $10 million per month cashflow when they first started buying bitcoin and they were profitable.. at least somewhat profitable whatever they were doing in terms of selling software and services.
Nothing wrong with considering aggressively buying bitcoin based on being influenced by MSTR and/or Saylor, but you still have to moderate your investment within your discretionary income and your cashflows and you also have to make sure that you do not over do it.
For many normal people, even investing something like 25% of your income into bitcoin, it will take you 4 years to invest a whole year's income into bitcoin, and that might not even get you to a status of overaccumulation, depending on your own goals and definition of what you consider to be overaccumulation...and then how you might consider to adapt what you are doing based on having had reached overaccumualtion status.
Really absorbing how one can assume that their bitcoin investment portfolio is over accumulated and yet still chasing other sources to increase their financial portfolios.
There is every need to diversify but that is vision as when we don't want to sell our bitcoin at any moment yet and not because we have accumulated excessively.
You had messed up some of your earlier quotes which appear to have had been attributed to Wind_FURY rather than me.. but I fixed at least my portion of the attribution.
Second: A person does not need to sell one asset for another in order to diversify. Selling one asset for another is reallocating. People frequently will diversify to preserve wealth rather than to build wealth, even though surely there are folks who think of diversifying in order to build wealth, which from my point of view seems like a gambling mentality... especially if any of us might have had already identified bitcoin as amongst the best, if not the best place to put value.. and so also from that assessment of bitcoin being a good or great place to put value it is likely best for anyone to focus on getting their bitcoin accumulation approach in order first before worrying about other places to put value.. and surely, we accomplish the basics of investing through also being aware of our cashflow management systems and practices and potentially building those to supplement any of our abilities to focus on building our bitcoin holdings.
So any actual need to start to consider diversifying beyond bitcoin and cash might come later down the road, after the bitcoin holdings have had some time to build up. There is no need to sell bitcoin to diversify, especially if a person considers themselves to still be accumulating bitcoin, and from my point of view it becomes difficult to presume anyone has reached over accumulation status with their bitcoin, since it could take a while to reach that status, even for someone who might have had been accumulating bitcoin for a whole cycle or more.
Sure of course, there are some folks who come to bitcoin and they already have some variety of investments, and they could decide to get involved in bitcoin and 1) continue adding value to their other investments while buying bitcoin, 2) stop adding to their other investments and just buy bitcoin and/or 3) sell some or all of their other investments and buy bitcoin with the proceeds. Any of the above approaches could make sense, depending on a person's situation, even though frequently people (especially those investment minded) might be reluctant to sell investments that they have already accumulated.
Of course I concur that there is sometimes accumulating limit that is basically depends on our discretionary income. But it is sure that there is no amount of money that is said to be more than enough for human because we all still dream to buy and live those luxuries.
Are you presuming that people are not able to construct satisfaction to live within their means and to be content with what they have? Which, if you believe that, then you may well believe that overaccumulation status might not be a proper way of framing what people might be trying to achieve.
Surely, I don't operate with those kinds of presumptions, since I think that there are ways of categorizing goals as getting to a status of enough or more than enough.. There also might be some truth to the assertion that folks are going to be inclined towards spending from money that loses value first before spending from money that gains more value, and they also may well be inclined to engage in activities in order to gain value, whether trading goods and services or otherwise, but if they have enough money, then they might not be incentivized to make more money, even though they still might be inclined to spend their money in efficient ways, and surely one of the interesting aspects of bitcoin (or any investment that is gaining in value with the passage of time) is that bitcoin may be gaining in value with the passage of time in greater and larger amounts than other assets, so we are likely inclined to spend from the less valuable assets and currencies (other than bitcoin) before spending from the more valuable assets (bitcoin at the top).. so then if we reach overaccumulation status, then it could well be the case that our bitcoin is growing in value faster than we are able to spend from it.
So, I still think there is no over accumulation in ones bitcoin portfolio. We just can not do more than we can afford. That is all.
I have given examples of overaccumulation in the past, yet you still want to insist that overaccumulation is not possible? You seem to be struggling with the concept of overaccumulation, and sure it could be possible if you set your goals overly high (and unrealistically high), then you will never achieve them.
I will agree with any assertion that there are a lot of people in this world who work their whole lives, and they never reach a point that they can stop working, which may be partially due to their inability to generate enough discretionary income to be able to invest and/or to build wealth. So, yeah, if you have quite low discretionary income than it can take a long time to make progress, and even investing into bitcoin might be difficult to measure progress if the amount that you are putting into bitcoin is so low that it becomes hard to measure the progress. Yet, I would still suggest that even putting less than 5% or even less than 1% of your income into bitcoin will likely show progress after 4-10 years or more, and yeah investing into bitcoin does not guarantee results and even if a person might be investing into bitcoin for their whole lives, there may be a point in which they transition from accumulating bitcoin and into selling their bitcoin, and even if they had not accumulated a lot of bitcoin over the years, they still may have ended up being in a better financial/psychological position from having had accumulating bitcoin as compared with if they had not accumulated bitcoin .. and of course, even poor people have to protect their coins so that they don't lose them.
The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?
If you are new to bitcoin, you should just be buying regularly for 4-10 years and beyond rather than waiting for dips that may or may not happen. Sure, you can have some extra money on the side for buying possible dips, but you may well be just wasting that money if you are holding too much on the side for dips that may or may not happen.
In bitcoin's relatively short history (of 16 years or so and perhaps only 14 years with some kind of a market price), we have all kinds of examples of guys waiting for dips that did not end up happening, and opportunities lost based on waiting. There is no reason to believe that bitcoin's investment thesis is getting weaker, even though the upward price curve might be becoming less steep with the passage of time.