⭐ Merited by Yorubek (1)
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Undermining their volatilities, bitcoin is Worth $122,000 today while gold is $3,000. So which really hold that attractive bond for reserve if we must talk about a store of value?I am not sure why you would consider that unit value matters?
If we are comparing bitcoin and gold, we should be comparing market caps.
Bitcoin has a market cap that is slightly more than $2 trillion and gold has a market cap that is nearly $20 trillion. So in that regard, bitcoin has a price that is about 1/10 the price of gold.
From my own perspective bitcoin is likely in the ballpark of 1,000x or more better than gold, so that means that bitcoin has likely a 10,000x more price appreciation in order to reach its fair market value relative to gold.
It could take 50-200 years for the relative prices to play out, and surely bitcoin could go up or gold could also go up or maybe gold goes down in order to achieve bitcoin's 1,000x or more better than gold position.
Of course it is true that many people try to explain through excuses that they are trying to fall but the meaning of this is that they are giving incomplete or fabricated reasons not to start investing in Bitcoin. We know that investing can be started with prudent funds and relevant and achievable goals are added there. However many of these people may have low discretionary income, but they can still think carefully and determine the amount for DCA from there. It is true that it is better to start now than to get tired of waiting for the decline and weaken your willpower, meaning that it will definitely be an optimistic and positive expression. A wise person said that after buying Bitcoin in 2014, it took three years to reach the new ATH which is now a small fraction. So even at this price, many can get excited and enjoy the new ATH which will be a small fraction even in a few years.
I completely agree with you. In 2010, 0.003×1×123,000=369
0.003×2×123,000=738
0.003×3×123,000 =1107
0.003×4×123,000 =1476
0.003×5×123,000 =1845
0.003×6×123,000 =2214
0.003×7×123,000= 2583
0.003×8×123,000 =2952
0.003×9×123,000 =3321
0.003×10×123,000 =3690$
Actually, you don't need a lot of money to invest.If someone had invested just $10, they would have had this much money today. I wish I had invested $100 at that time. But anyway, there is no point in regretting, I will invest what I can now. After 10-20 years, such a picture will come before us again. So I would say there is no need to invest too much, invest according to your ability now. Whatever you invest, hold it for the long term, think of your money as deposited in the bank, hope success will come.
I don't understand your numbers Cpt_reader - except just saying how much one unit of 0.003 BTC might cost at $123k, versus 2, 3, 4, 5, 6, 7, 8, 9, 10 units of 0.003
And you are correct. It seems a bit ridiculous to dwell on the past merely to proclaim that a person could have had made a lot, yet surely right now, a brand new person to bitcoin has no choice but to buy bitcoin if he wants to prepare for up, and yeah if someone is investing $100 per week or $10 per week or some other amount, as long as he is consistently buying bitcoin within the means of his discretionary income, then he should be better off 10-20 years from now, even though there are no guarantees that he will be better off, even though many of us expect bitcoin is amongst the best, if not the best, place to put value for everyone and anyone around the world as long as they have discretionary income...
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Beneath, those waiting to buy at the Dip are investors whose discretionary incomes may not be impressive to buy at all times just as JJG gave an accompany with Wind_FURY's future accumulation plans. Perhaps everyone knows when it is best time for them to buy and it is best known to them regardless of our emotions and the value of our ok incomes but while anyone may hope to buy on a specific Dip price, it might end regretting if the price never fall to the expected margin. So it is always better to buy at any price than never did because alas will end up not owning a single value or you probably may have spent the little on things that are rated below owning some fraction of bitcoin.We can leave aggressive buying for the whalers or those with sufficient funds.
Aggressiveness has to do with how much of your discretionary income you are using to buy bitcoin, and so it does not matter how much your discretionary income is, but instead how high of a percentage of your income you are using to buy bitcoin. The higher the percentage of discretionary income you are using to buy BTC, the more aggressive you are, relatively speaking.
I would suggest that guys who choose to wait for dips rather than buying regularly are engaging in a more whimpy bitcoin purchasing approach as compared with guys buying bitcoin regularly with their discretionary income.
As I check Bitcoin's price and see that it has surged to another ALL TIME HIGH, I feel both happy and SAD.
Why?
Because the more it surges higher and higher from here, the higher possibility that we may never have the opportunity to buy Bitcoin below $100,000 again.
My next major Bitcoin purchase will be below $100,000 IF we are lucky to see it there again.
You should have regrets for waiting rather than buying, yet of course, when to wait and when to buy are personal choices.. and hopefully you were not sitting on too much cash waiting for a dip that did not end up happening.Why?
Because the more it surges higher and higher from here, the higher possibility that we may never have the opportunity to buy Bitcoin below $100,000 again.
My next major Bitcoin purchase will be below $100,000 IF we are lucky to see it there again.
But again if we're lucky to see another crash below $100,000, everyone should be VERY bullish for the opportunity.
Even though I don't know your details, you still seem to be blinded by your own rationalizing that it is better to buy bitcoin at 10x higher prices because you were buying on a dip. And, I went through the numbers previously, so it is not like I need to go through the numbers again, right?
Sure we’re all responsible for how we manage our finances and investments, we choose what works best for us but Sir @windFury you’ll have to adjust your mindset and strategy. If you had used that money you were holding waiting for dip to invest you would have been in more profits and happier now, it’s cos you missed that opportunity and you still have that money at hand that you feel sad now.
I doubt that Wind_FURY feels sad. He still thinks (at least that is what he says) that waiting for the dip is a better strategy instead of buying bitcoin regularly, persistently, consistently ongoingly and/or even aggresssively. Historically he missed out on a lot of bitcoin buys and he also believes that what he is doing is best. From my perspective, he seems to be in denial.