Quote from: Stormisover on Today at 06:01:23 AM

Quote from: Publictalk792 on Today at 02:36:48 AM

Quote from: JayJuanGee on Today at 01:32:37 AM

At the same time, when people invest, they may well start to learn that they are wasting a lot of money on various trinkets and other stuff that only give them short term thrills, yet there are a lot of other ways to accomplish similar kinds of short-term thrills without necessarily buying worthless gadgets or the various other ways that people might be spending their money.

There can be a lot of self-satisfaction in disciplining ourselves, setting up frameworks for delayed gratification, and surely with something like bitcoin we might see that if we might have ONLY been able to afford 1 worthless gadget per month from our regular income, yet when we put it into bitcoin, there surely might be some temporary draw downs in the BTC price, yet after 4-6 years, we might see that we are able to buy 10s of times more of the same gadgets which adds up to 100s of the gadgets that we would not have ever could have been able to imagine being able to afford to buy... merely based on our exercising persistent discipline, looking into the various ways that we are spending money versus investing and organizing our thoughts and our finances with more purposefulness.

You have very valid points of not buying what you desire at moment to be able to afford something better in future. It is very simple to spend money on enjoying something that leaves you with only temporary satisfaction, and you have demonstrated how smart it would be to put money so well invested.
The example containing purchase of Bitcoin in order to replace some minor device is great way to demonstrate how seemingly small sacrifice can secure enormous rewards in long term. It was shown how money put into savings account on regular basis could be worth so much that it could purchase ten and even hundred of those same items. This demonstrates just how impressive it is to wait.
You are correct that it is not only about money. It teaches us how to be fiscally responsible, think smart on how you spend money and you prioritize your finances by having clear vision of somewhere you want to go. Wonderful feeling and confidence you get by making intelligent money decisions is as significant as money you may earn.

Generally, it is good to be very intentional about we want and what we need in regards to how we spend our money, there should be a definitive purpose in making that money making decisions, most times people only realize what they should have done earlier with their money probably when the money is no longer there, responsible spending is good and fact that can not be debated and such realization of understanding the difference between what we need and what should be considered as want is also good in making a good money spending decision because it is not always about where we are now but where we are going to be in the future.

When the discussion is around money and investments it is always best if we're able to differentiate between what gives us excitement for a short period of time and what builds the value of your wealth for a long period of time. Many of us, mostly spend freely on the things that lose value almost immediately, like luxuries, unnecessary cars, travels, luxury lodges and other material things when we could actually redirected such money into something with long term growth portfolio with life changing impacts like bitcoin investment. This allows us to even learn how delayed gratification in life often brings far reaching and greater results rather than spending our future fortunes today.

Let's take an example how many people including us are purchasing unnecessary materials things ( I said us because I am also one way or the other guilt of this unnecessary spendings), imagine if we can skip our extra spendings for the next three months and consistently reinvest the funds into bitcoin through the DCA approach, it will not only grow our financial portfolio but also grow our mindset positive to become more responsible spender which helps in the future. I know this discipline in financial management is what many managers and captains of industries are enjoying today in establishing and building organizations which are highly consistent and prudent. I will always encourage us to enjoy our lives but while..we do so, we must also be intentional in cutting our unnecessary wants and desires and prioritizing our needs while ensuring that the money we are making today benefits us substantially in the future we are uncertain about tomorrow.

Quote from: Silikiem on Today at 06:22:58 AM

Quote from: JayJuanGee on Today at 01:32:37 AM

Quote from: Derekfunds on August 21, 2025, 06:53:08 AM

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not. It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not. It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger. I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.

You’re right sir, and I agree with you that it’s not a good a practice to get overwhelmed or overly presumptive about the short term price, and come to think of it a 10% isn’t something massive and be excited about as it’s too early because everyone who truly understands the dynamics of bitcoin will know that anything can happen at any time, there’s every possibility that even though there’s a little 10% drop now, there’s a possibility that in the next few minutes we’ll be witnessing even more that a 10% increase. So for me, I suggest that everyone should just calm down and focus more on figuring out a discretionary income to continue accumulating bitcoin no matter the price with their on going long term strategy of consistently or persistently accumulation of bitcoin and hold for the long term goal and gradually build up their portfolio. Sometimes, people who gets overly excited or emotional when they noticed a little downturn in the market are traders who are in for a short quick profit making mindset and not really a true investor.

Honestly one won't call a 10% dip a massive one in my opinion too because I consider it as quite a normal situation in bitcoin. If you understand the market, you will know that it comprises of both dips and pumps so to say the truth, no body can predict whether for sure the price will dip further or even go up from here and this is the reason why it can be risky and heartbreaking to try to give the market a stipulated time and become too emotional about it. The surest way to go into bitcoin investment is to make up your mind to invest in the long term. Once you're able to consistently spare a discretionary income to gradually accumulate bitcoin in a consistent manner no matter how the market dips or fluctuate in bearish periods, you will always fall in a strong position when the time for the real bull run bounce back.