Yes.  Many people are thinking erroneously about how to invest in bitcoin, and sure they can do whatever they want, but if we recognize and appreciate that they have wrong ideas, we should not be repeating those ideas merely because people do them.

Many of us should continue to invest into bitcoin for at least a whole cycle and perhaps even two whole cycles before changing our focus on ongoing accumulation of bitcoin.

Sure if we are studying bitcoin and investing at the same time, we might come to some conclusions about ways to modify our approach along the way, yet many times beginners get way too caught up on price and they get way too whimpy in terms of the amount of their value that they are willing to put into bitcoin.

I frequently use the idea of getting to 1 year of your income invested into bitcoin in 10 years.. That is 10% per year, and sure, guys create their own variations of that and maybe they say that they ONLY want to go up to 1/4 of their income invested into bitcoin.. so maybe they choose to do 5% per year for 5 years, and I personally believe that is too whimpy, yet it is still better than nothing.. and people have to figure out what they are ready willing and able to do.. and I doubt that a one time investment is even close to as good as consistent, persistent, ongoing, regular and perhaps even aggressive investing, yet sure, guys are free to do as they like and they will be the one s responsible for their own consequences.


Again?  So what?  Just because guys have wrong ideas about how to invest in bitcoin, we should not be proclaiming that is the correct way to go... especially if they are starting out without any money invested in the first place.  I can see someone who maybe invests $500, and then saves $10 per week, so then maybe every 3-6 months they are trying to buy again.. That might be reasonable... but if they are starting out with nothing that does not seem reasonable, unless maybe they have some issues with their exchanges, and they cannot transfer less than $100 at a time without suffering higher fees, so maybe then they would save up until they get to $100.. .. so then once they have the $100 (or maybe slightly more) they would buy, so maybe if their buys are ONLY every 2-3 months, then yeah, they might try to figure out how to time their buys, within reason... but part of their problem is that they are starting without any money in bitcoin.

If you are saying that the guy who is able to save $10 per week, yet he already has $500 that he could buy bitcoin, yet the mere fact that he is ONLY able to save $10 per week, so therefore he needs to be more careful.. ?  That would be bullshit and wrong thinking that your repeating it and accepting it as if it were a good thing is also wrong.



Sounds great... 

At the same time,  action speaks louder than words.. so getting started can be a good way to match actions with words...and maybe even try to do them daily, and see how that goes?