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Still, I respect that you’re open to having those conversations. Helping others learn and build their own understanding is a good way to support them. But TBH, most of them won’t give full attention to Bitcoin long term investment, they’ll prefer other form of investment out there than going solid on Bitcoin.. Jst speaking from my little experience with people..
People are fairly easily distracted into shitcoining and/or trading, and surely people can become a detriment onto themselves and their own best interests by failing/refusing to figure out and understand bitcoin first. Some will learn how to focus faster than others, yet sometimes it can be difficult to help others to help themselves.
Most people easily believe when they were told about shitcoin and trading, most of them might be told that shitcoin brings in money faster than investing in Bitcoin, this makes them to lose in interest in learning and understanding Bitcoin and how it works or operate. This makes most individuals to believe learning Bitcoin and investing in it, it's a waste of time and energy, which makes them to put in more focus in shitcoin and trading.
But creating awareness for people to know about Bitcoin is good, individuals can then decide if they will learn or know more about it or not, though many people will like to involve themselves, which most of them can be very determined to learn how to focus than others and in this case, some might decide to help themselves even without the support of any, they can learn through experience, research and so on.
Being determine and focus to learn or know about Bitcoin will help the individuals not to compare Bitcoin and shitcoins.
A lot of people learned the hard way that security should grow with your stack. What felt secure enough at $250 per BTC didn’t hold up when BTC hit $19k or more. And yeah, while 2021 didn’t feel as crazy as 2017 or 2013, the gains were still life changing for many. These cycles really do teach us, not just about holding, but also about how to stay prepared when success shows up faster than expected.......
Even with myself. I had been through the downside of the 2013 cycle and both the upside and downside of the 2017 cycle, but even in 2019-2021 when the BTC price went up from $4,200 in April 2019 to $64k in April 2021 and then it dropped to $30k in summer 2021 and returned to $69k in November 2021, there can be some periods of surprise to have some wallets go up somewhere in the ballpark of 16x from the bottom to the top.
Even some folks in this particular cycle might have had some coins that they bought or held in November/December 2022 that were in the $16k to $20k prices, and even now when we had BTC prices go up to $120k, so then those coins had gone up 6x to 7x, which is also nothing to sneeze at, and there are folks who never had experienced 2x or 3x in value appreciating through their lives and then they are able to personally experience 6x/7x price appreciation in the past 2.5 years.. and if a guy is still accumulating he might not know what to do. If a guy had done most of his accumulation prior to October 2023, he might just feel so amazed to be on the journey, if we might consider the possibility that some guys had gotten enough BTC, yet there are way more guys who are still needing to accumulate and not to get thrown off by past bitcoin price performance in regards to their need to keep accumulating bitcoin no matter the price so that maybe they will be in a better place 4-10 years or more down the road.
One of the key takeaways from your experience is how different each cycle feels, even if the patterns rhyme, the emotions, surprises, and outcomes can still catch people off guard, whether they are new or seasoned.
Seeing 6x–7x gains in just a couple of years is lifechanging, especially for people whohave never experienced anything close to that before. But like you rightly pointed out, those who are still accumulating should not let past performance paralyze them. Every cycle brings new chances, and what is more important than price is positioning and mindset.
Those who accumulated before October 2023 are probably feeling validated now but it doesn't mean the window is closed. Bitcoin is long term, and the real magic tends to show up years down the line, not just one or two. Accumulating consistently, staying humble, and keeping your strategy in place is how you position yourself to benefit from whatever future upside may come, whether it is 4 years or 10 years down the road...
Anyone who is a no coiner or a low coiner has to get started buying bitcoin in order to be prepared for up.. Otherwise they are not prepared for up.
And yeah, it could take 4-10 years or longer for someone to stack enough bitcoin to start to feel comfortable that he has enough or more than enough.
Even though measurements can be made along the path, sometimes the first several years can feel that progress is being made slowly, even though there are some folks who are able to front load their investment into bitcoin in their beginning years of investing into it.
Many underestimate how critical just getting started is whether you are a no coiner or still working your way up the ladder, the worst position to be in during a parabolic run is to be unprepared. Bitcoin doesn't wait, and those who delay stacking often find themselves chasing green candles instead of calmly riding the wave.
And yes, the early years can feel slow and even discouraging at times, especially if you are using DCA modestly. But the compounding effect of consistent stacking paired with Bitcoin's asymmetric upside can be incredible over a 4-10 year horizon. Frontloading is great if one can afford it, but for most, the key is simply staying the course and continuing to accumulate. Time and conviction do the rest.
Putting buying systems in place might also help to establish additional buying opportunities down the road. There may be folks who have mediocre pay and mediocre cashflow management practices, yet getting started in bitcoin can help them to improve their mediocre practices into something more robust and they might improve their cashflows and even better identify times in which they receive some extra money and then since they have a bitcoin buying system in place they are already prepared to buy more bitcoin when that extra money comes to them.
Another thing, as you mentioned, they likely will find themselves in a better place not to panic or FOMO based on subsequent BTC price moves, since they already have a system for continued buying in place in case the BTC price goes down, and if the BTC price goes up, they realize that they had already been stacking as much BTC as they can, so they are benefiting from the BTC price going up, even though their future purchases are going to cost them more (or at least they won't get as many satoshis for each quantity of dollars/fiat that they put in).