Quote from: Zackz5000 on August 20, 2025, 12:41:55 PM

Quote from: Finebone on August 20, 2025, 11:02:15 AM

Quote from: Lolipo on August 20, 2025, 09:23:06 AM

It happens, I think Bitcoin goes with dollar exchange, and we all know that dollar rate is not stable. Soon one dollar will amount to 2000 in the local market and we all know this might affect Bitcoin market, some persons might be afraid to even buy. But I think the most important thing is to buy the Bitcoin then monitor the market.

No, no, this is a terrible way to go about your Bitcoin investment, because monitoring of the market are for traders that thought they can outsmart the market blindly, which is the real reason you will hear that traders are losing money in the market, but they will never admit to their losses, moreover why putting yourself under tension that will not end well due to short term thinking. Investment in bitcoin is mostly suited for long term, so their is no need in monitoring the market as you said because their is no benefit added to it, plus the tension you will get due to volatility.

It is not only traders who monitor the market and monitoring the market doesn't make you a trader unless such investor is regularly cheeking on the market to see when there is an increase so they can sell out, there are investor who monitor the market to accumulate aggressively or accumulate more Bitcoin when there is a dip and still continue with their DCA strategy so will say you are wrong by saying that monitoring the market is for traders.

True, investors also monitor the market, but in my own view there is still a thin line between how a trader and a long term investor do it. Traders usually check the market because every small move matters to their positions which is not reliable, while most long term investors do not need to sit on the screen often since their focus is more on long term than hours or days. I would even say too much monitoring as an investor can become dangerous, because you might start acting on emotions and end up getting short term mentality, maybe considering taking profit or selling when you did not plan to....

For me, that is the key difference, monitoring the market is not wrong for investors, but it is more about discipline. If you can look at the charts and still stick to your long term plan, then it is fine. But if monitoring drags you into short term thinking, then it beats the purpose of being a long term holder in the first place. That is why a lot of experienced investors actually prefer to check the market less, just to avoid unnecessary stress...

So yeah, monitoring the market is for everyone, but the frequency and the mindset behind it is what separates traders from investors.. Sometimes the best monitoring is just checking your portfolio once in a while and letting your strategy play out...

Quote from: Bluedrem on August 20, 2025, 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?

Honestly, I think most people who doubt Bitcoin are just clinging to what they know, maybe banks, cash, or stablecoins idk, because it feels safe and familiar... But the truth is, none of that is really safe long term.. Fiat keeps losing value to inflation, banks can freeze your account, and stablecoins depend on companies that could collapse or get shut down at any time. While for bitcoin, runs on a decentralized network that does not even need anyone's permission to work.. That alone is a big big advantage that a lot of people don’t fully appreciate...

Also, when people say they don’t trust Bitcoin, a lot of the time it is not the bitcoin they’re worried about, it is themselves and how they would handle the ups and downs.. The funny thing is that bitcoin has been running for almost two decade without a single hack, and yet volatility scares people.. Price swings are just part of the journey, and those who hold on long enough usually end up seeing the bigger picture. Compared to fiat that loses value, stocks that can crash overnight, or governments that can change the rules whenever they feel...