Re: Buy Buy Buy or Sell Sell Sell?

Quote from: Gallar on Today at 04:46:31 PM

Quote from: Proty on Today at 03:15:20 AM

I don't think it will be necessary trying to convince anyone to invest in bitcoin because I believe bitcoin has passed this stage, especially those that are sceptical about bitcoin . Bitcoin has proven to be among the best assets, if not one of the most sought assets. Therefore I believe it is only the blind that needs someone to convince them before they will see the potentials of bitcoin and decide to start buying. Who ever that is still skeptical about the potentials of bitcoin at this stage that bitcoin has gotten to doesn't need any form of convincing, they will continue as a no coiner and before they will realise there mistake of not buying bitcoin, it would have been late.

Then about late or not, I can't say that people who are aware of the potential of bitcoin in the next 5 years are too late to invest in bitcoin. Because in my opinion 5 years from now if someone starts to invest in bitcoin, it might still be good. Because bitcoin is a very potential asset and continues to grow, so the point is not to be discouraged for people who may feel it is too late to invest in bitcoin. Because in my opinion people who can be said to be late to invest in bitcoin are people who are not aware and refuse to invest in bitcoin.

You are speaking facts, people have been saying it’s too late since Bitcoin was $100, then $1k, then $10k, and so on…... but every halving cycle keeps proving that it’s never too late for those who understand the bigger picture. Each time the block reward is cut, the supply entering the market reduces, and history shows that this has always pushed the price higher over time.

That’s why I agree with you though even 5 years from now, it won’t automatically be too late. What matters is whether someone understands Bitcoin’s role as a hedge against inflation and a censorship resistant store of value. The late ones are not those who start small later, but those who keep ignoring it completely.

Quote from: Pandorak on Today at 05:15:02 PM

Quote from: Bluedrem on Today at 02:10:07 PM

Quote from: JayJuanGee on August 19, 2025, 06:55:33 AM

There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options. Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.

Dear JJG If someone expresses doubts and fears about Bitcoin, then I think we should ask them why they can't trust Bitcoin? Is there anything else besides Bitcoin that is better than Bitcoin? If they can't trust Bitcoin and are afraid because of doubts about the financial security of Bitcoin, then they should also ask themselves, what else seems to them to be the safest thing besides Bitcoin?
Later, when they try to find the answers to all these questions, they will understand for themselves which one is actually the best, which is the safest, which is the most profitable.
If they have doubts in their minds that Bitcoin may or may not exist at some point [although I think the probability is 0.000001%], then the question for them is that if they store fiat currency, it can burn, if they keep it in the bank, the bank can cheat them. If they invest in gold, it can be stolen. If they invest in real estate, they can lose their money there too. In fact, nothing in the world is 100% safe.
But if you compare the security of Bitcoin with other things, you will see that Bitcoin is much more secure than other assets. Again, people invest in it to earn dividends. In the past, we have seen that investing in Bitcoin is the most profitable than other assets.
Bitcoin is more secure than other assets, Bitcoin protects assets from inflation, investing in Bitcoin gives more profit, so why don't people invest in Bitcoin?

I think skepticism toward Bitcoin is understandable, especially for those who don't fully grasp the underlying technology that makes people and institutions rush to adopt it. This is where knowledge becomes crucial, Bitcoin isn't just about buying or selling, it's about understanding and discipline. At the very least, we should have a basic understanding to avoid making mistakes. On the other hand, we can manage our investment exposure according to our capabilities (discretionary funds), and the rest is about being patient in the long term. The key is how we learn to be disciplined in managing the investments we have.

True, skepticism is normal especially when someone doesn’t fully understand how Bitcoin works. Most people fear what they don’t know, and that’s why learning is very important before putting money in. Like you said, it’s not just about buying or selling but also having the discipline to hold and manage risk properly.....I also agree with the part about using only discretionary funds, that way you don’t put yourself under pressure. In the end, patience and consistency are what separate those who succeed with Bitcoin from those who panic out too early.