Quote from: JayJuanGee on Today at 07:54:34 AM

Quote from: Catenaccio on Today at 03:41:50 AM

Quote from: JayJuanGee on Today at 02:56:06 AM

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start. Bitcoin market is similar market, which can not rise forever and has up and down, bull market and bear market. Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.

Why so many requirements to get started in bitcoin, and why shouldn't a guy presume that the BTC price is going up forever, even if there might be volatility (meaning up and down) along the way?

He can adjust position size for his lack of knowledge too.

Quote from: Catenaccio on Today at 03:41:50 AM

Quote from: JayJuanGee on Today at 02:56:06 AM

If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen. If they happen, then is that when the buying starts?

Any one who enter the Bitcoin market with ideal of the price increasing up is setting him or her selves up for disappontment before purchasing the Bitcoin we should have this in back of our mind every investor should be clear on the few things such as why are we buying, buying Bitcoin is the long term investment, secondly how far can you hold it, Bitcoin can last through some years volatile it can handle the emotional pressure durin down turn. when you do not have a plan in your investment it is called gambling becuse understanding the entry point risk level when you sell your coins matters alot.
They must start with learning.

Learning about Bitcoin market cycle.
How long does a Bitcoin market cycle last?
Which percents of corrections from ATHs to bottoms of past bear markets?
Which ROIs from bottoms to ATHs of a next market cycle?

Start with learning about those kinds of thing? You sound like a trader who is trying to figure out when to get in and out. I cannot see why a guy has to start out learning all of those kinds of price dynamic matters.

He could start out merely looking at a chart for 5 minutes and see that the BTC price generally goes up and down, and even conclude that in the long term, it looks like it is going up.. so what else does he need to know about the price and all that crap that you describe in order to get started buying bitcoin?

Of course, he has to be able to do simple math to figure out whether he has discretionary funds available or not. If he figures out that he has discretionary funds available then he can get started right away. Sure he might want to think about how much he wants to put in, but if he has accurately determined that he has discretionary funds available, he already has the ability to get started right away.

If he wants to be aggressive or go BIG into bitcoin, then he might need to research into the matter with more detail, yet he hardly needs to know anything about the bitcoin price dynamics except making a superficial assessment that number tends to go up, in order to get started... He might not even need to assess anything about the price, in the short term.. especially if he is just trying to figure out how to buy his first $100 or his first $10 or whatever amount that he determined to be his discretionary funds amount that he would like to start with.

Quote from: Catenaccio on Today at 03:41:50 AM

Many things for learning but these things are important for their knowledge, mentality preparation, finance and investment capital preparation as well as strategies for their purchases, holdings, and withdrawals.

I think this stuff can be learned along the way. Sure it is important, but not needed in order to get started.

Quote from: Catenaccio on Today at 03:41:50 AM

https://pbs.twimg.com/media/GIQMDJCaQAAeBCM?format=png&name=900x900

https://pbs.twimg.com/media/GnJu5hQbsAA8V7x?format=jpg&name=900x900

Bitcoin performances in October months so far.

https://pbs.twimg.com/media/G2BQMoLXgAA0_EY?format=jpg&name=900x900

Nothing wrong with the various charts, even though I doubt that they need be known or studied in detail to get started, even though it does not hurt for someone to overview and see bitcoin's price history, as long as he can appreciate that past performance does not guarantee future results.

Quote from: Derekfunds on Today at 04:43:38 AM

Quote from: JayJuanGee on Today at 02:56:06 AM

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening. Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

Yes you are absolutely correct JJG and majority of the people that will want to buy when Bitcoin price is lower are those with the mindset of selling back when the price surge.

I am not saying that the ONLY reason that a person wants to buy low is to be able to sell in a short period of time. I think that most people would prefer to buy cheaper rather than buying at a higher price, yet the problem is that we can never have a lot of confidence that the BTC price is going down, even when everyone is saying that it is going down. It may or may not go down from any particular price point that we are at.

Quote from: Derekfunds on Today at 04:43:38 AM

But it gives an investor advantage of been at a little percent profit after buying at low and the price appreciate but that should not move an Investor to tend to sell off otherwise the person is joking with his or her investment because Bitcoin will definitely give them more than that in the long run.

I agree that with bitcoin it tends to be better to not get caught up upon price, especially in our first 4-6 years buying bitcoin. It is likely better to just be consistently buying and then maybe at some point later (like after accumulating for several years - unless there was a lot of front loading of the investment early on) there might be more concerns about buying on dips...

Quote from: Derekfunds on Today at 04:43:38 AM

I think you also made this clear before that we should keep accumulating little by little and while we are doing that we should also make a reservation in our discretionary income that we will use to front load or buy aggressively when Bitcoin price Dip since we can not tell when it will Dip and so waiting without accumulating is a bad idea and can draw someone back in their investment.

I never said that a person needs to either buy aggressively during dips or that he needs to set aside money for buying dips.

Sure there can be an option to set aside money for buying on dips, but it might not be a good way of proceeding with a bitcoin investment in order to really attempt to be aggressive. The aggressive person might be working on buying all the time no matter what is the price, and sure after several years of buying bitcoin, his bitcoin stash size might inform him whether he might want to make adjustments to his buying strategies.

Another thing is that front loading does not necessarily mean saving up in order to buy dips, yet the idea of front loading is to buy sooner rather than later, so there might be a purpose to get ahold of more money or even to invest at higher levels of aggressiveness in the beginning of the investment.. Sure the motivation might be based on price, but not necessarily.

Many folks were teasing Tim Draper in mid 2014 when he bought around 30,000 bitcoin at around $600 each (it was the US Marshall auction where he won all of the lots of bitcoin (that were maybe 5,000 bitcoin per lot) by bidding higher than everyone else), yet that was a kind of front loading of the investment, even though the BTC price was below $600 for more than 2 years after he bought them at that price, yet he was still front loading his investment into bitcoin by buying a whole bunch of bitcoin at one time... and wanting to get ahead of the investment., even though he ended up having to wait more than 2 years before those coins became profitable.