Re: Balancing Financial security and Bitcoin Accumulation

Maybe I should put it this way, expecting Bitcoin to make you rich overnight is just setting yourself up for stress.

Truly Bitcoin is not a get rich quick scheme, and this is one thing most newbies fails to understand, that's why they mostly approach bitcoin investment with the mindset of buying and selling prematurely thinking it's the best to to go about it, but it's not, you can't grow rich by investing in bitcoin with a short term minds.

Quote

Since no one can predict the exact timing of its moves, borrowing money to invest is almost like digging a hole for yourself.

How are you digging a hole for yourself when you are not paying back from your bitcoin investment?
Don't you understand that once your ability to pay back have nothing to do with the final outcome of your bitcoin investment, you have nothing to worry about?
Taking a loan to invest in bitcoin is not a problem as long as you have other source of repaying it back.

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

Young or old and experienced or inexperienced folk of any age should have a learning mindset. If someone gives you direct advice on a topic, even if you are more knowledgeable about it you should listen carefully. No one can ever acquire all the knowledge of a subject. There is no way to deny that you can learn new and educational things from newcomers. In objective discussions whatever advice and recommendations there may be especially on the long term aspect of Bitcoin investment, many perspectives are mixed. Ultimately, you have to decide which method to use Bitcoin for the long term. You may know that Bitcoin is not a get rich quick scheme but another investors may not know so you can't just tell someone that it doesn't need to be said.