Quote from: Barikui1 on Today at 07:53:38 AM

Quote from: blackberrman on Today at 07:30:54 AM

Considering the history of Bitcoin is very important for new investors, because if they consider history, they will see that many investors who invested patiently and when the price of Bitcoin started increasing from that investment, they still kept their greed behind and remained steadfast in their right decisions, which is why they have been rewarded in the present time, on the other hand, there were many who knew about Bitcoin but did not come forward to invest in Bitcoin, and many others invested but due to their greed they could not bring their investment forward because they might have panicked after seeing the price of Bitcoin fluctuate and sold it, or else they could not control their greed when the price of Bitcoin started increasing, but they are the ones who regret it in the present time because they have got the results of their actions, so it is important for new investors to know and gain experience well about the history of Bitcoin. If you want to strengthen your investments at the present time, you can use the DCA strategy and do it for a long time, even if your investment is small. By using the DCA strategy, you will get rid of the worries of when to enter or exit the market.

Yea you are right, looking at the historical record of Bitcoin and how it has fought his way up is really going to be encouraging for newbies investors to have more faith and will in investing in Bitcoin but I believe that the best possible way a newbie investors will invest in Bitcoin is having the right knowledge and mindset from the very beginning, that's why it very important on who introduced Bitcoin to you, if you knew about Bitcoin from a trader, their is a higher probability that he might mislead you and you will come with the mindset of buying and selling once it appreciate in value, but if you were introduced to it by a real investor, someone like jayjuangee that has seen it all , someone that knows all it entails to be successful in it, their is a higher probability that you will be successful in your investment because you got into it with the right knowledge.
In essence of what am trying to say is that who introduced an individual to Bitcoin has a major role to play in how the said person goes about his Bitcoin investment.

The history can scare people out of investing into bitcoin, yet it seems that historically, the answer of investing as much as you are able to and attempting to front load your investment have tended to pay off... yet we surely tend to need at least a whole cycle to begin to have some confidence, and also there is likely some value to ongoingly buying rather than just buying once... and so it can be difficult for guys who buy a lot and then the BTC price goes down from the point of their purchase, which I tend to suggest to just keep buying... and so sometimes it can take a whole cycle or longer to really begin to be profitable and then to feel like you have more options, so focusing on levels of profits in less than 4 year timelines seems problematic, and keeping on building and holding bitcoin seems to be a good strategy for over more than one cycle rather than limiting the timeline to one cycle.

Quote from: Bd officer on Today at 09:50:15 AM

Quote from: Hewlet on Today at 06:22:48 AM

i still remember coming into the system when bitcoin was bellow $40k and it looks as though $100k was something that is to big to even imagine, after less than two years, what can we then say?........~cut~

Yes, when the price of Bitcoin was below $40k, no one imagined that the price of Bitcoin would be $120k plus. But instead of time, now people expect $1 million in the future. So Bitcoin will be valued over time. Now I've heard the stories of some people who say investing in Bitcoin is late, while some people say Bitcoin is expensive. In fact, those who think like that have not gained proper knowledge about Bitcoin, they do not believe in Bitcoin.

The word belief seems a bit misplaced, and maybe you should have said "have not studied" bitcoin.

Anyone who has any decent knowledge of bitcoin will attempt to understand bitcoin in terms of its addressable market rather than merely looking at past performance and saying "holy shit, that has gone up a lot."

People who don't know about bitcoin have been proclaiming bitcoin to be a bubble (and overpriced) ever since I have been in bitcoin since late 2013, which means they were saying that bitcoin is a bubble in the dip in 2015 when bitcoin was at $250, and they were saying that in 2019 when bitcoin was in the $4ks and they were saying that in 2023 when bitcoin was around $27k, and they keep on saying it, and it seems that the odds are pretty great that bitcoin is never going back below $70k ever again.. and it could even be the case that bitcoin never goes below $110k ever again. Surely some numbers are more reachable than other numbers, yet in bitcoin bullmarkets, we usually to not have the bitcoin price dropping within 25% of the 200-WMA... which the 200-WMA is currently at about $51.4k, and 25% above that is $64k.. and at the same time the 200-WMA has been moving up around $45 per day, yet it could end up moving up close to $100 per day if the BTC price keeps going up rather than down.

Sure, during BTC bear markets, the BTC price may well touch upon or go below the 200-WMA.. which makes it more difficult to assert with confidence that sub $100k will never be reached again or even that sub $100k might be plausible to reach in the coming year or two.

At the same time, many of us can recognize and appreciate that bitcoin's addressable market can still bring bitcoin up 5x, to 10x, to 20x, to 50x, to 100x, to 1,000x and likely even more from here .. even though it could still take 50-200 years for some of the higher multiples/magnitude numbers to play out, but the lower level multiple/magnitude numbers of up to 20x from here, could end up happening this cycle (within the next 6-12 months) or within the next cycle (up to years from now)... So 6 months to 8 years is a big range of uncertainties.. and surely some unknowns in the process of going through future times.. while at the same time, if guys do not have absolutely any bitcoin and they are proclaiming doom and gloom for bitcoin (negative and/or flat numbers from here), they are likely not really understanding bitcoin and they might need to study it and invest in it... yet at the same time, these kinds of folks who are not investing into bitcoin are failing/refusing to prepare for UP, which has been an ongoing theme in bitcoin since I have been here.. the low coiners and/or no coiners failing/refusing to prepare for up.. surely an ongoing bitcoin theme.. and likely going to again and again find themselves without as many bitcoin as they could have or should have if they had been seriously looking into bitcoin and at least getting some bitcoin along the way..

Quote from: Bd officer on Today at 09:50:15 AM

Now very few people have got an idea about Bitcoin and invested. But instead of time, Bitcoin will become more popular and the price will gradually increase.

There is a battle with bitcoin, so there are likely going to be ups and downs along the way. Sure it is possible that bitcoin could gradually increase, yet I doubt bitcoin plays like that... so it seems overly presumptive and perhaps naive to frame bitcoin as if it were some kind of a stable asset, which it does not seem to be, even though surely it is likely that the price curve will continue to be up.. especially if we are looking at something like the 200--WMA which might serve as a kind of bottom-ish guide.

Quote from: Bd officer on Today at 09:50:15 AM

So if you don't want to regret it in the future, you should start investing in Bitcoin now. Because those who have not invested in Bitcoin in the past are regretting it now. So before the time passes you have to invest in the right place, which will bring good returns in the future, if we go to find the right place then we should invest in Bitcoin. So whatever the price, focus only on depositing bitcoins without planning to sell.

I agree with your points here, yet investing in bitcoin is not guaranteed to be profitable in the future, even though bitcoin is amongst the best (if not the best) place to put time, energy and value... but yeah, everyone is responsible to make their own choices regarding whether to get into bitcoin and how much to get into it.

Quote from: Taskford on Today at 10:35:32 AM

Quote from: Bd officer on Today at 09:50:15 AM

[edited out]

That's how crazy things goes. People don't see its value unless it reach unto that figures mentioned.

For so many times Bitcoin already show great potential and imagine on what value it start then it reach at current figure. That's why with those progress achieve by Bitcoin this should be a proof or something indicator that Bitcoin has more to offer. That's why its still not late to buy even if Bitcoin would reach at $120k since there's good chance that it will reached for more figures. We should remember that Bitcoin had limited supply. There's huge chance for Bitcoin to reach at $200k or even break those $500k prediction drop by lots of people. That's why better start to invest now and throw away their doubts in Bitcoin.

Even though it is not guaranteed, bitcoin is going much higher than $500k.. so there will still be a lot of folks entering bitcoin at $500k and above.. so hopefully guys get some grasps in regard to bitcoin... and yeah, we cannot know which prices in which timelines, even though we can have some directional ideas about bitcoin's ongoing likely adoption and ongoing likely price appreciation, even though it may well not be a straight line and we could have periods in which the BTC prices are down for several years.