Bitcoin is a lifetime opportunity. Those who are waiting or still have doubts today about whether to hold Bitcoin or not will realize that they have missed an opportunity of a lifetime. Not only to make money, but also to be at the forefront of a decentralized economic structure. The price of Bitcoin will increase or decrease in the market, which is the case with any investment. However, in weak hands, they will lose these things. If we take less, how safe is it really? If we look at small, medium and experienced investors, we will see that they have made small investments and got real value at the right time.
Yeah, Bitcoin really is a generational opportunity like you said, not just for profit, but for being part of something bigger than the current system.
But like Jayjuangee said, it is not over for those who are just waking up to it now, there’re still opportunities to catch up with..
Yes, the early movers maybe big in it already.. But I believe the key is to stop waiting for the so call perfect time. The important thing is starting.
Waiting for a right time is not an option.
Sure it is an option to wait, but it is dumb.
Anyone new to bitcoin should get started investing into bitcoin whether it is $100 per week, $10 per week or some other amount that they believe is reasonable for their circumstances.
Sometimes when I see people complain about bitcoin price hike and how they're waiting for dips to reinvest in bitcoin I almost wonder how they intend to do that. Come to think of it, some, bitcoin came into existence 16 years ago and I can bet that some people who were not born then now invest in bitcoin. Likewise years to come, some unborn investors are still hoping to join bitcoin and what would they have to do with the past dips? What matters now is starting. The earlier the better because the price you buy today may never resurface anytime soon.
At least you recognize starting to be a better option than waiting.
Another factor I believe causes delays in bitcoin investment by waiting for dips is lump-sum investment strategy. People who invest by lump-sum are more prone to waiting for dips before investing.
If they have a lump sum they have options and they can divide their lump sum into three parts to employ all three options 1) buy right away, 2) Defer by time (DCA), 3) defer by price (that might not happen, buying on dips).
They are not necessarily prone to only do one thing if they think through the three options.
This is why I personally prefer and encourage investment by DCA. DCA approach allows you invest minimally and bearably without stress. Also, DCA approach allows you to ignore the bitcoin price while focusing more on injecting your fiat DCA allocation into bitcoin. Here, the emphasis is on your DCA allocation (percentage of your Discretionary income for investment) and not the bitcoin market price (checking the amount of bitcoin a given lump-sum could acquire).
Dips are good for additional buys in the event of any unannounced income or extra rights for aggressive buys. Newbies have to learn rightly before thinking of aggressive buys.
DCA tends to be a good way to get used to investing in bitcoin and also building up good cashflow management practices... so yeah, they might choose to be less aggressive in the beginning while they are getting used to regularly investing into bitcoin, whether it might be weekly or some other timeline frequency.
However, as far as I feel, investment should never be taken as pressure, if an investor thinks before investing that he can invest $50 per month, then I would advise him to invest $40 per month. The reason for giving such advice is that there may be times when money may be needed, but at that time the investor is not able to invest in the same way, so he should invest $40 and keep the remaining $10 in his emergency fund so that he can use it in any danger and so that his investment remains consistent even during financial disasters.
Yes, investment should never be taken as pressure so that we will not invest wrongly, but if it's because an investor decided to invest $50 per month with either the DCA strategy or the lump sum strategy you are saying that investment should never be taken as pressure, you may be wrong that the investor is under pressure because you don't really know the income size and the discretionary income size of the investor to determine if he's overaggressive in his bitcoin investment. Before an investor will decide to invest $50 per month with either the DCA strategy or the lump sum strategy, the investor is fully aware that he's supposed to make provision for his emergency funds after or before starting a Bitcoin investment, which I believe he has made available for his emergency funds before he decided to invest $50 into Bitcoin, so if there's any emergency in the future, he can easily take care of it and continue investing in Bitcoin consistently.
It is correct to suggest that systems of buying bitcoin can be put in place in order to not feel stressed out about the investment, and there is no need to build an emergency fund prior to getting started investing in bitcoin. An emergency funds can be built simultaneously to investing in bitcoin.
Yes, you are very correct about this sir, most Bitcoin investor don't know that the key to long term investment is good financial management because if you can not be faithful with little, you equally can not be faithful with much, some people thinks that you must be wealthy before you can invest in Bitcoin comfortably, they didn't know that a good financial management is the brain behind every Bitcoin investor that has accumulation not just a good stash of Bitcoin over the years, but have also hold without tempering with it all those while.
Good financial management really makes the investor's path easier to succeed in long-term investment. I even agree with you that good financial management is the key to success in long-term investment. I even want to add investment management to it.
You don't need to be rich to start investing or to be successful in investing. Rather, you need a prudent source of income and good financial management that is built around your position. If you are skilled in financial management and can work according to the plan, then maybe the journey of long-term investment is going to be much easier for you. Then your morale, patience and concentration will take you to the end of success. Even if we don't forget about our investment management, we can say that good financial management and investment management are the keys to success in long-term investment.
You do not need a steady income to invest into bitcoin. All you need is discretionary funds. Sure if you have a steady income, then you are in a better position to invest in bitcoin, but it is not necessary to have a steady income to get started investing in bitcoin.
That is one of the ongoing faults in thinking. Even though earlier is better, opportunities are not lost for those who are just starting out.
In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.
you correct JJG even though early is better opportunities are not lost for those guys who want get started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.
Yet another opportunity for some to regret why they have not invested, instead of getting better for them, they are rather going worst because they will be there still watching bitcoin as it continue in making all time highs till we are done for the season.
Invest when the market falls and sell when it rises, use the DCA approach to maximize your profit opportunity and be a long time investor, who can hodl for long, all these are what will be
bring us more closer to what we wanted to see in cryptocurrency.Happy all time all and more to come in anticipation, keep buying the deep and holding.
Hopefully guys are not fucking around with shitcoins and better to stay focused on bitcoin first before getting distracted into shitcoins.
Hopefully you know the difference between bitcoin and shitcoins 348Judah since you had chosen to use the work cryptocurrency, and if you were really talking about bitcoin, then why didn't you just say bitcoin? Probably because you don't know what bitcoin is. Hopefully you learn what bitcoin is and learn how to use the word bitcoin if you are referring to bitcoin because otherwise people might not know what you are talking about and they might even believe that you are telling them to invest in shitcoins, which truly would not be a good idea.