Buy the DIP, and HODL!

[JayJuanGee]

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

There is no need to feel alone in the sense of screwing some things up in your earlier years in bitcoin, and there are quite a few examples of guys who were not really holding their BTC and they were either spending too much or not employing a "spend and replace" kind of strategy that would at least cause them to not lessen the quantity of their BTC holdings when they did choose to spend it.

Maybe I would have ended up thinking about bitcoin much differently if I had come into it and the fiat value of my BTC was going up right from the start, rather than my first 2-3 years were mostly either down and/or bitcoin's failure refusal to go up.

I recall most of the time in my first three years into bitcoin between 2014 and 2017, I was pretty intent upon "right away" replacing any BTC that I spent, and I suppose that after my BTC were more in profits.. I was less intent upon making sure that my BTC replacements happened right away.. and perhaps causing a lot more relaxation in terms of employing replace after spending practices.

Maybe the $100 million question relates to determining how much to sell and when.. and to maintain some BTC no matter what, even if there are likely going to continue to be periods in which the BTC price is going down substantially in dollar terms, and such going down may even go way further than expectations and stay in such DOWNity doldrums for way longer than expected (or preferred). . .

I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action.

Thanks for the link.  I will try to take a look at that thread in the coming days.

[1714492611]

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[bitterguy28]

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

There is no need to feel alone in the sense of screwing some things up in your earlier years in bitcoin, and there are quite a few examples of guys who were not really holding their BTC and they were either spending too much or not employing a "spend and replace" kind of strategy that would at least cause them to not lessen the quantity of their BTC holdings when they did choose to spend it.

Yes he must not feel alone because me,Myself made lot of mistakes in my early years , I even sold everything in my folio when the price reached 20k and leave nothing in my holding.
but from that I learned and did not let it happened in 2021 , so indeed that past is not that matter but the future and the present. meaning we must keep purchasing as long as  we can for the coming years specially in the next bull run . but now I will never release everything but only a small part to be taken.

[Sayeds56]

I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action.

Your proactive approach toward securing your financial future and commitment to pass Bitcoin to your heirs is admirable. Planning ahead can certainly help in ensuring that your wishes are carried out smoothly. It seems that you are on the right track, and  I completely agree with your perspective that Bitcoin would be the big thing and valuable asset to be passed down to our future generations.

[Odohu]

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

There is no need to feel alone in the sense of screwing some things up in your earlier

I just consider the whole thing a learning process... that is how I make peace with myself. I only try not to repeat such mistakes again.

I recall most of the time in my first three years into bitcoin between 2014 and 2017, I was pretty intent upon "right away" replacing any BTC that I spent, and I suppose that after my BTC were more in profits.. I was less intent upon making sure that my BTC replacements happened right away.. and perhaps causing a lot more relaxation in terms of employing replace after spending practices.

I must admit that you started your journey well and from the right footing. You knew and understood what you were getting into hence your resilience and resolve to replace your spent BTC. I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature. Well, it is one thing to know and understand what Bitcoin is all about and another to development the psychological maturity to endure and navigate through the various stages Bitcoin have gone through... obviously you got all and that I respect you for.

I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action.

Thanks for the link.  I will try to take a look at that thread in the coming days.

It was actually LoyceV that made a good thread I was referred to; others also gave wonderful suggestions that are feasible as well... any time you are free just take a look.

[Wind_FURY]

In his situation, he's the MEME.

But to be honest, if I had Bitcoin during 2011, I don't believe that I would have the same conviction in HODLing Bitcoin as I have now. The biggest exchange was a website domain registered for Magic The Gathering cards, no one accepted it or was interested in it outside of the community, and was the Silk Road already online? The Silk Road might be the only service that might make smarter HODLers say, "This is going somewhere". But I'm the stupid one.

hehe yeah, he is funny though as he is just regretting for $8 while he could earn billions. But one gets as much as he has in his fortune (idk either you believe in fortune or not but i have this belief). Well, what can one do to change fortune is to make pray (yeah i am religious too).

So you mean "destiny"? That probably is true. Greg Schoen already had 1,700 Bitcoins, but he wasn't destined to HODL and be rich.

I did not realize before how difficult it was to trust on BTC due to less adoption and bad uses as you mentioned Silk Road and according to my knowledge it's been shut down due to illegal buying and selling.

Bad uses? No ser. It's technically Bitcoin's greatest uses. It shows that the protocol actually works! Because if not, Bitcoin would have already been shut down like the Liberty Reserve many years ago.

[BABY SHOES]

I started using Bitcoin the first time I heard about it because it was the only feasible option that allowed me send money across borders due to restrictions in FX, Paypal and other means of payment. As soon as I was shown how to do transaction in Bitcoin,I used it at once. Regrettably, It never occurred to me that beyond the beautiful comfort and freedom Bitcoin offers, it could be a treasure worth holding. So, I first understood Bitcoin from the aspect of use case before that of investment. Each time I check my wallet and see the volume of transaction I have made in Bitcoin, I do  feel bad, but then we don't have to dwell in regrets of the past rather than facing the future with optimism.

Cross payment is now no longer effective bitcoin now makes it easier for us in financial freedom without any third party this is the advantage of bitcoin over other assets.

Now that you understand the aspects of bitcoin, this specialty makes it easy for us to send money across any country quickly without any other intermediaries now bitcoin is an important asset for our future, so we need to HODL from now on.

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

Yes that's good I've also been saving in bitcoin for several months with a DCA strategy of $15/$20 per week or once every 1 month, I'm trying to build a portfolio from the bottom will not look at shitcoin one single coin that must be held [BITCOIN].

We are still not too late, Halving will still feel the benefits later, but I want to be able to hold 10 years or even more for old age assets later, because currently the needs are sufficient from the work that is lived.

[Moreno233]

Cross payment is now no longer effective bitcoin now makes it easier for us in financial freedom without any third party this is the advantage of bitcoin over other assets.

Other means of cross-border payments are actually effective just that Bitcoin have huge advantage over them such as accessibility,  privacy, cost of transaction, speed of transaction amongst others.  Bitcoin did not remove their functions and uses but rather provided a better alternative.
 Bitcoin is actually leading the way for  the new phase of finance and with time, the world will realise that.

[Dictator69]

Now that BTC has hit $29k, that's right, it's never too late to start something. We can see that the highest price of BTC was two years ago in 2021 and reached $70k, that means at the current price we still have a chance to at least get a profit in the next few years when BTC exceeds the price in 2021. Honestly looking at this condition I think this is a pretty good opportunity, and I will save a little bit of my expenses to then store more BTC and hold it. We'll see, stay consistent and be patient for something bigger.

Yeah, i also think the same that if BTC failed to cross $100k target in the next bull run but at least on the way to that target it will at least achieve $70k because one thing i noticed is after every halving in every bull run BTC sets new All-time high price. Like in the following graph we can see that after every halving it really make new ATH.

Which means, it's really never too late to enter into BTC market now at the current price of $29k-$30k. But as previously mentioned members has already stated and you also tried to shed light on the difficulty level of holding BTC for that long period. Which obviously is the main thing i mean if holding would be easy then everyone would rich by now.

My definition of this world is, we all are giving exams and each person have different questions (problems or hurdles) to solve (to overcome) so everyone makes their own decisions based on their knowledge and write the paper's questions accordingly. Means, one preferred to sell there BTC for 0.06$ (like the one in the picture of tweet) while at the same time another person was begging peoples to buy BTC of only $1.

[rachael9385]

I started using Bitcoin the first time I heard about it because it was the only feasible option that allowed me send money across borders due to restrictions in FX, Paypal and other means of payment. As soon as I was shown how to do transaction in Bitcoin,I used it at once. Regrettably, It never occurred to me that beyond the beautiful comfort and freedom Bitcoin offers, it could be a treasure worth holding. So, I first understood Bitcoin from the aspect of use case before that of investment. Each time I check my wallet and see the volume of transaction I have made in Bitcoin, I do  feel bad, but then we don't have to dwell in regrets of the past rather than facing the future with optimism.

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

I rather say well-done for your portfolio because now you might have gotten one, regrets can't build anything new in the society but moving along will because for you to do so you might have been expecting something new from Bitcoin in future, every one has there story to tell because of how desperate I am to invest in Bitcoin I was scammed not once but I didn't blame my self or anyone for that because I believe I have given the scammer a chance to hold bitcoin, I didn't take that as scam anymore but as gift to the scammer, this forum helped to know that I don't need anyone to create a BTC wallet for me, now am an investor holding and hoping for the bullish season.

[JayJuanGee]

[edited out]

....I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature.

I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash.. but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.

When I came to bitcoin, I had a bit of a mindset in which I was wanting to hedge my already existing 20 years worth of investment, and I was kind of looking at "gold-like" hedges... so I had already established an overall investment portfolio that I had considered could overall sustain me if shit were to hit the fan.. so by the time that i was in bitcoin for a year or so and I had gotten to the point that bitcoin was around 10% of my overall investment, I still considered that the other 90% of my holdings could largely support me, if shit were to hit the fan.. .. so I was willing for that 10% to potentially go to zero or to merely equally perform with the other remaining portions of my investments, but another thing is that I thought that even if I were to build up my bitcoin (and potentially other new things that I might end up getting into) that it still could take 15-20 years for those supplemental investments to reach sizes of some of my other holdings within my already existing investment portfolio,

....and I was kind of wanting my bitcoin to come up to a size that would be similar to my 401k investments, so then I suppose I might have been considering some kind of ballpark appreciation that might by 30/30/30... with bitcoin serving one of the 30s.. but still potentially taking 15-20 years to get there... but instead bitcoin largely ended up reaching it's 30 part of the bargain within a few years.. I mean largely by mid-2017, the bitcoin had already reached sufficient appreciation that it was right around 30 with BTC prices around $3k or so.. so bitcoin prices went up and down in 2017, but even the correction back down to $3,100 and then mostly bouncing around between $5k and $9k for most of 2018, 2019 and even quite a bit of 2020 (we did not really get over $10k and stay there until the end of 2020.. something like mid-October).

Even with all of that volatility, there seemed to have been little value to be fucking around in terms of trying to get in and out of BTC in order to try to build the size of it.. Bitcoin was building its own size merely by my ongoingly attempting to take more of an incremental, measured and paced approach to it... and really there does not seem to be anything within bitcoin's current dynamics that should cause anyone to believe that its investment thesis is weaker today than it was in late 2013 or even 2014 or 2015.. and in fact bitcoin's investment thesis seems to be stronger than it was 8-10 years  ago, even if there might not be as much upside.. but why do we necessarily need to have 100x increases in our portfolio size in 5 years in order to be able to plan around likely (but not guaranteed) ongoing UPpity that is likely is going to continue but we cannot be sure how exactly it will end up playing out.. but we can still create and put into practices our own strategies that attempt to prepare for a variety of scenarios and even outline for ourselves best case and worse case scenarios while at the same time attempting to put more energies into the more base case scenarios even if we are also attempting to prepare ourselves psychologically and financially for the worst and best case scenarios at the same time...

It does seem to be quite possible to prepare for a variety of scenarios at the same time, which partially has to do with ongoing balancing of allocation levels... even while maybe trying to be somewhat aggressive with our bitcoin approach without crossing into being too aggressive that might cause us to get reckt (or to lose BTC that we would rather not lose.. but instead to keep building the BTC portion, even if sometimes it might feel like such building is going slowly).

Well, it is one thing to know and understand what Bitcoin is all about and another to development the psychological maturity to endure and navigate through the various stages Bitcoin have gone through... obviously you got all and that I respect you for.

Thanks, and surely just attempt to ongoingly practice. I make mistakes as well, and sometimes I don't learn and make similar kinds of mistakes.. and there may or may not be opportunities (or relevance) in terms of which mistakes to talk about... oh and also some aspect of bitcoin remain difficult for me in terms of changing wallets and choosing wallets and sometimes changing security practices, so you will likely continue to see me ask questions, in this forum, about some of those kinds of practices, and even seemingly smart people are changing their practices or learning code.. which I don't claim to know very much about some of those things, so there are areas that I might end up either neglecting and other areas that I feel more inclined to work on, including some bitcoin-related projects that I plan to do but I don't always get to them in a kind of fast way because there are other balances (or competing activities) in life too.

I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action.

Thanks for the link.  I will try to take a look at that thread in the coming days.

It was actually LoyceV that made a good thread I was referred to; others also gave wonderful suggestions that are feasible as well... any time you are free just take a look.

I had seen some other threads on the topic, so it is an interest area that I have, too.

[vapourminer]

....I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature.

I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash.. but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.

odohu has a point; it was my interest in computers and related tech, specifically distributed computing projects like folding@home and SETI@home, that gave me a head start in bitcoin.

ie back in the day (say 2011/2012), many peeps 1st experience with btc was buying from an exchange (mtgox maybe..) which takes a lot faith and trust in that exchange especially when sending kyc docs or btc to.

so for the 1st few years my coins were basically mined with GPUs (and later fpga) directly.. no exchange used. that alone gives a bit of a head start.. so when btc began gaining value some of us already had some that we had just hodled as really there wasnt much else to do with btc back then..

[Rabata]

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

There is no need to feel alone in the sense of screwing some things up in your earlier years in bitcoin, and there are quite a few examples of guys who were not really holding their BTC and they were either spending too much or not employing a "spend and replace" kind of strategy that would at least cause them to not lessen the quantity of their BTC holdings when they did choose to spend it.

Yes he must not feel alone because me,Myself made lot of mistakes in my early years , I even sold everything in my folio when the price reached 20k and leave nothing in my holding.
but from that I learned and did not let it happened in 2021 , so indeed that past is not that matter but the future and the present. meaning we must keep purchasing as long as  we can for the coming years specially in the next bull run . but now I will never release everything but only a small part to be taken.

I also didn't gain much knowledge about Bitcoin when the market was in bullish period of 2021. I thought that some altcoins might be good for investment. But my opinion changed when I came across the events of 2022. I lost large amount. Actually at that moment I had no idea about bitcoin but now I am able to understand the difference between bitcoin and other shit coins.

I've started reorganizing my portfolio to contain only bitcoins. I am trying and I believe long term Bitcoin holders will find the digital gold. If one wants to view his wealth as a secure and life-changing asset for the long term, there is no substitute of holding Bitcoin. Currently Bitcoin is price of 29K that still much lower than the expected price which still serves as an opportunity for investors.

[Odohu]

....I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature.

I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash..

This is another angle to it...some I know actually went ahead to create their own coin and rarely pay attention to accumulating Bitcoin. So I completely agree with you in this regard.

but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.

Wow this is a mistake someone will rue for a long time. 200 BTC is such a big number. I will not be able to forgive myself if anything close to that happen to me. How did this actually happen? Maybe I can learn one or two thing from it.

odohu has a point; it was my interest in computers and related tech, specifically distributed computing projects like folding@home and SETI@home, that gave me a head start in bitcoin.



so for the 1st few years my coins were basically mined with GPUs (and later fpga) directly.. no exchange used. that alone gives a bit of a head start.. so when btc began gaining value some of us already had some that we had just hodled as really there wasnt much else to do with btc back then..

Glad you confirmed my observation. Your name alone sound techie... pardon me as no offense was intended. People like us that are not deep into computer related stuffs still struggle to make sense of the technical aspect of Bitcoin. We tend to hide when the deep things like entropy, nodes, hash etc are being discussed. Conversely, for someone that is already into programing, Bitcoin will be like home-coming. Well, I guess I will put coding as a future plan... probably when I get some financial stability and get off 9/5 system that is making one work like elephant while eating like ant.

ie back in the day (say 2011/2012), many peeps 1st experience with btc was buying from an exchange (mtgox maybe..) which takes a lot faith and trust in that exchange especially when sending kyc docs or btc to.

The name mtgox scares me a lot. I hope you were not a victim of their terrible attack? Well, those are the process Bitcoin have passed through... those who were in Bitcoin, experienced the incident of that exchange or heard about it yet continue with Bitcoin are the real MVPs.

[$crypto$]

Yes that's good I've also been saving in bitcoin for several months with a DCA strategy of $15/$20 per week or once every 1 month, I'm trying to build a portfolio from the bottom will not look at shitcoin one single coin that must be held [BITCOIN].

Your plan is pretty great choosing bitcoin as the future asset, if assuming there is a DCA of $20/week then for 9 years will get ($9,400) this is of course the value in fiat but the movement of bitcoin is more than that and see the reference here.

The long term is much better for bitcoin.

We are still not too late, Halving will still feel the benefits later, but I want to be able to hold 10 years or even more for old age assets later, because currently the needs are sufficient from the work that is lived.

If you already have stability in finances then that's pretty good from your plan, this at least will not be a burden for a few years because you are sufficient from what you have of course monthly income should not be abandoned, if you continue to work then you can earn more bitcoin.

[JayJuanGee]

....I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature.

I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash.. but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.

odohu has a point; it was my interest in computers and related tech, specifically distributed computing projects like folding@home and SETI@home, that gave me a head start in bitcoin.

ie back in the day (say 2011/2012), many peeps 1st experience with btc was buying from an exchange (mtgox maybe..) which takes a lot faith and trust in that exchange especially when sending kyc docs or btc to.

so for the 1st few years my coins were basically mined with GPUs (and later fpga) directly.. no exchange used. that alone gives a bit of a head start.. so when btc began gaining value some of us already had some that we had just hodled as really there wasnt much else to do with btc back then..

There's really no way that I can disagree with your assessment that you personally came into bitcoin from more of a techie kind of angle than the way that I ended up coming into bitcoin, and it seems that I pushed back a little harder on Odohu's assertion partially because he seemed to be assuming that the tech-minded folks had advantages in terms of their both getting into bitcoin early and that they would have more readily understood bitcoin in a better kind of way that gave them conviction to mostly HODL rather than overly selling too many coins too soon.

So I think that part of my pushback would still be to suggest that even if there may be some directional correction in that kind of an assumption in terms of some of the difficulties that some non-techies might have had in terms of acquiring BTC, but even when I got into bitcoin, there were other exchanges besides MtGox, and I recall that MtGox was still the BIGgest of the then existing exchanges, but it was already having pretty big problems for its users to be able to get value out, and so they could send dollars and/or bitcoin, and dollars were always having trouble getting out in terms of some of those off-shore exchanges at that time, but there were even a whole hell of a lot of people having troubles getting their bitcoins off, so I was surely disinclined to go through any kind of MtGox path.. because also at that time, Coinbase was in the USA for pretty decently reasonable fees (even with purchasing limits), and I am pretty sure that Circle and Uphold were other fairly early options to get dollars on exchanges, and surely local bitcoins was pretty available as an alternative - even though maybe fees were a bit high (if we might call 5% to be high).  

Of course, prior to 2013 then Coinbase would not have had been an option.. so maybe that would have been more difficult for me to want to get started because it seems that some of my earliest prerequisites involved making sure that I had ways to both get in and to get out... even though sometimes those kinds of perceptions can be misleading in terms of the drying up of channels could end up happening quite quickly.

I still don't consider myself to be very techie at all, but maybe there also needs to be a sense of adventurousness in order to get into something like bitcoin in late 2013 and early 2014, and I still tie my level of interest back to a kind of place that I was at with my overall investment portfolio.. It was getting BIG enough but at the same time, I was starting to feel quit uncomfortable with some aspects in which I was perceiving it to be too dollar dependent. everything in my holdings had various dollar denominated correlations.. including property related assets. .. so I had time to both look into bitcoin but also to spend a couple to a few hours a day looking further.. I had other things going on at that time too, and as many of us likely realize that there can be barriers for anyone to get into any kind of thing that they do not necessarily feel that they understand and maybe even more exacerbated when they are also considering that if they get into something new (like bitcoin) then they are likely going to be better off if they at least have some kind of a minimum amount of budget of time that they can spend to study it and to ongoingly study it.. which was something that I felt that I had or that I was willing to allocate time for such learnenings.

Another thing that kind of happened with my finances right before I was looking into bitcoin, and I have not really talked about this very much, but something like September, October, November 2013, I had already had a kind of decently sized budget that I could employ for investing because of some then transitions that I was going through, and in that regard, I had already dedicated some of that extra capital to a variety of investments during that pre-bitcoin time, and so when I started to read up upon bitcoin in about mid-November 2013.. it struck me as something that was hitting a lot of the diversification that I thought that I was looking for to complement what was left of my then budget. and so I established a 6 month budget for myself and extended another 6 month, but part of the kicker was that by the time that we got to September October November 2014, the various assets that I had bought in late 2013 went over their 1 year investment period which caused me to fold those investments into bitcoin as they had already sufficiently matured, and I did not give any shits if they were in profits or not in profits, since by then I had almost been in bitcoin for a year, and so those assets sufficiently maturing gave me further budget (and or ammunition at the end of 2014) that within the passage of 2014 I had come to the conclusion that they would get folded into BTC once they matured passed their 1 year period since I had bought them.

Currently Bitcoin is price of 29K that still much lower than the expected price which still serves as an opportunity for investors.

I would suggest not to get your expectations up too high.  Sure, it is good to consider upside scenarios, but we also should consider both downside and flat scenarios, and it seems to be an unhealthy perspective to consider $29k as if it was "overly suppressed" or some other kind of sentiment like that, even if there might be some truth to it.

Sure, we might be arguing somewhat about semantics because I am likely of a pretty similar conclusion to you in regards to the BTC price being low in light of historical context and in terms of the 200-week moving average, but that does not cause me to take for granted that the next likely step is UP rather than down or sideways.

So surely another way of framing any question regarding where we are at versus where we might be going is to attempt to put bitcoin in a kind of framework while still considering UP as one of the possible directions, but even if you might assign higher odds to up rather than down or sideways, that does not even mean that the higher odds will happen.

So let's say that you assign your odds as follows:  40% up  / 28%  down  and / 32% sideways.. so even if you assign the highest of odds to UPpity, you cannot assume those others to be zero or even lower than they actually are.

Sure, you might come up with different numbers than me.. and sure let's give it a timeframe of within the next year, so we should have both time and price... so what are you going to do?  Are you going to refuse to assign values to the other possible scenarios or just talk about them as if they are zero just because they are lower than what you believe to be the more likely scenario?  whether you are correct or not, that's likely even another question.

but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.

Wow this is a mistake someone will rue for a long time. 200 BTC is such a big number. I will not be able to forgive myself if anything close to that happen to me.

One of the ironies in the situation seems to be a bit of a surprise from some folks in regards to the number of BTC that Luke had when he was seeming to continuously pleading poverty, and I am not even suggesting that he was misleading anyone since he is a kind of well known developer who has contributed quite a bit... and so sure, maybe there going to be some seeming contradictions in some situations when some facts might come to be known that seem to conflict with other previously asserted (or maybe previously assumed) facts.

How did this actually happen? Maybe I can learn one or two thing from it.

There are probably some forum threads on the topic.. it seems that I might even be following some of them.. .but I had not seen anything posted recently..

I did a quick google search on the topic, and if you are interested in more then at least this article will give you something to springboard off of..

https://decrypt.co/118231/bitcoin-core-dev-loses-at-least-3-6-million-btc-to-hack 

Some have blamed him for being too arrogant in terms of some of the more basic wallets would have likely given him better security than his own seemingly make-shift systems... and surely he is not being criticized in regards to his technical skills prowess, but there have been assertions that there is some value in terms of various open-source systems receiving more scrutiny than some systems that we might create for ourselves and then not be able to adequately see their vulnerabilities well enough in order to protect ourselves from such vulnerabilities.

odohu has a point; it was my interest in computers and related tech, specifically distributed computing projects like folding@home and SETI@home, that gave me a head start in bitcoin.

so for the 1st few years my coins were basically mined with GPUs (and later fpga) directly.. no exchange used. that alone gives a bit of a head start.. so when btc began gaining value some of us already had some that we had just hodled as really there wasnt much else to do with btc back then..

Glad you confirmed my observation. Your name alone sound techie... pardon me as no offense was intended. People like us that are not deep into computer related stuffs still struggle to make sense of the technical aspect of Bitcoin. We tend to hide when the deep things like entropy, nodes, hash etc are being discussed. Conversely, for someone that is already into programing, Bitcoin will be like home-coming. Well, I guess I will put coding as a future plan... probably when I get some financial stability and get off 9/5 system that is making one work like elephant while eating like ant.

Personally, I have doubts about any kind of rush to necessarily learn things that you might not have the time and/or energies to learn, and sure if you have some chances to learn more technical aspects of bitcoin, then surely there is nothing wrong with that.... but I would not necessarily conclude that it is healthy to get too focused on the trees and thereby end up losing sight of the forest - because their are a whole lot of angles to bitcoin and there are a whole lot of people who still can value greatly from bitcoin without learning how to code or whatever you might speculate to be some kind of a technical barrier and/or handicap that you might have.

Sometimes, I do look to some of the techies to help me to figure out some of the issues, and there frequently be people who have knowledge in one direction who will attempt to lord it over you, and there were several of us who ended up NOT buying into the various techie BIG blocker arguments in 2016/2017/2018 and still sometimes brought up more recently, so there can be value in terms of engaging in critical thinking and sometimes being able to identify when someone is trying to lord your lack of knowledge over you. and sure sometimes I am way out of my league when I make some posts in some of the more techie threads of the forum, and sure sometimes I will still attempt to read some of those threads because sometimes there still can be some useful information that I understand and some technical people do have better ways of framing matters than others and they are not necessarily trying to trick you.

[Dictator69]

I have already set mine, and they have been set for years and they move along with the BTC price.

If I had different personal circumstances, then the way that I set my BTC buy orders would be different too, so hopefully, each of us should be able to find some settings that we believe are sufficiently suitable for our own particular circumstances..

I am glad for you that you adopted BTC at an early age and still adopting (accumulating) it in small portions by time to time. You talked about circumstances and i just replied about life being called as Exam where every person has to face their own circumstances and struggles to succeed. And i can see the adoption of BTC is increasing day by day and it will increase more.  Adoption increased because government's huge tax and interest rates have left people no choice other than to find an alternative just like you were saying to Syed i read all the replies so i do understand now that if we invest in some residence then we have to pay tax every time but if we have invested in BTC then we only have to pay tax while converting them. 

Government now left no choice to people and people are looking for a lot of side hustles. Many are changing their lives with trading and became financially independent.

road to figure out various ways to get bitcoin, which might involve setting up accounts or finding places (or people) to buy bitcoin.. and to actually start to buy BTC while making sure that they also make sure that they understand their own finances and psychology well enough in order to be able to sufficiently aggressively buy BTC on an ongoing basis without over doing it.  

I agreed with your point being made here. And yeah, people who are not into technology does not know about digital currency still doubt the new era of finance. I remember there was a time when my elders used to say how this smartphone could receive money (i am talking about banking apps) they said if you wanted to send me money then hand it in my hands. I want to see it. I do not believe if there is any money in my account how money could be fit into smartphones. Yeah, People here in my country are backward people they are always late to adopt the new technology but it's not their fault it's the fault of governments because they do not want them to become productive because such things like AI (means when one gets some easiness in the work which was happening with lots of efforts with lots of time now can be done easily) are still questioned.

But the companies and authorities have to adopt the new technology because they are in the race. We all know that they want to be ahead of each other. I hope life become a little easy for people and they get to know about new technology like the Oduho said in later conversation that he quickly adopted BTC when he/she came to know about it because it was the only system available for him to send money abroad. But to be honest in our country we do not have the facility of PayPal, and other banking sectors are also fucke***

So you mean "destiny"? That probably is true. Greg Schoen already had 1,700 Bitcoins, but he wasn't destined to HODL and be rich.

Yeah i was talking about destiny.

Bad uses? No ser. It's technically Bitcoin's greatest uses. It shows that the protocol actually works! Because if not, Bitcoin would have already been shut down like the Liberty Reserve many years ago.

No i am not talking about BTC to be shut down instead i said Silk Road has been shut down due to bad use cases. And to prove that BTC cannot be shutted down we do not need silk road as an example we can see the SEC chairman Gary Gensler (the Saviour of criminal world hehe) said in his many meetings that BTC is not a security they are not even thinking to touch BTC and another proof is BTC's market cap many times surpassed many big companies before which really shows the potential it has to stay forever in the market.

[Salahmu]

These are the whales... the people that saw the future early. Inasmuch as this is so motivating, it makes me feel I have wasted a lot of opportunities not buying enough when I first heard about Bitcoin. Imagine I had started buying when I was in high school and had access to free money! That would have saved me the stress of working for somebody which is tiring. Then Bitcoin was even cheap and affordable for a student from a low income family. Well, it is not yet late... the future is truly bright. 

It is not possible the first time you hear bitcoin immediately buy of course you have to understand how bitcoin works and as a result after understanding now you know how to utilize bitcoin for a brighter future, I believe that and continue to collect bitcoin until now.
Let that be a lesson to us, we are completely not too late anything in bitcoin is now still relatively cheap and continue to collect bitcoin until you have a lot.

I started using Bitcoin the first time I heard about it because it was the only feasible option that allowed me send money across borders due to restrictions in FX, Paypal and other means of payment. As soon as I was shown how to do transaction in Bitcoin,I used it at once. Regrettably, It never occurred to me that beyond the beautiful comfort and freedom Bitcoin offers, it could be a treasure worth holding. So, I first understood Bitcoin from the aspect of use case before that of investment. Each time I check my wallet and see the volume of transaction I have made in Bitcoin, I do  feel bad, but then we don't have to dwell in regrets of the past rather than facing the future with optimism.

So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.

Yeah likewise me I started similar way you did, imagine if we had utilized the opportunity of getting or accumulating a good amount of Bitcoin then how much one would have made now though the price is a bit high now compare to those days but though is never too late when it comes to Bitcoin, so to avoid future regrets the negative mindset of thinking is late to invest on Bitcoin should be removed because just like how the price surge within years till now there is a likelihood there price will break the highest high because in the time of myth and growth of other Cryptocorrency depends on Bitcoin growth.

[Dr.Bitcoin_Strange]

Government now left no choice to people and people are looking for a lot of side hustles. Many are changing their lives with trading and became financially independent.

As a fully grown adult, you don't even need to depend entirely on the government to be very successful. If the government is not helping matters, you don't have to rely on them. There are some people who had a bright future in dealing with their skills and excelling in their businesses, but they sold themselves out to some so-called government job where they are going to work till they even become old and retired. Salary makes some people who are dependent on it let go of their own dreams and help others achieve their dreams. In some countries, even the salary some workers receive from a government-paid job is not usually enough to pay their bills for the month, although despite how small, some people are still managing to keep their Bitcoin accumulation constant, and that's how it's meant to be. If you keep accumulating Bitcoin, before you know it, you will have acquired a significant amount that can earn you a huge profit, which you can use to achieve even your desired goals. I know of a friend who's a trader but was just accumulating Bitcoin, and when he realised a huge profit, he was able to build a house.

About trading, some traders are not only making a living out of it; they also have other things that fetch money. The reason is that in trading, you don't get success from all your invested amount; some times you experience losses, and if you are only depending on the profit from your trades, you might be under some kind of financial pressure.

[Salahmu]

Now that BTC has hit $29k, that's right, it's never too late to start something. We can see that the highest price of BTC was two years ago in 2021 and reached $70k, that means at the current price we still have a chance to at least get a profit in the next few years when BTC exceeds the price in 2021. Honestly looking at this condition I think this is a pretty good opportunity, and I will save a little bit of my expenses to then store more BTC and hold it. We'll see, stay consistent and be patient for something bigger.

Yeah, i also think the same that if BTC failed to cross $100k target in the next bull run but at least on the way to that target it will at least achieve $70k because one thing i noticed is after every halving in every bull run BTC sets new All-time high price. Like in the following graph we can see that after every halving it really make new ATH.

Which means, it's really never too late to enter into BTC market now at the current price of $29k-$30k. But as previously mentioned members has already stated and you also tried to shed light on the difficulty level of holding BTC for that long period. Which obviously is the main thing i mean if holding would be easy then everyone would rich by now.

My definition of this world is, we all are giving exams and each person have different questions (problems or hurdles) to solve (to overcome) so everyone makes their own decisions based on their knowledge and write the paper's questions accordingly. Means, one preferred to sell there BTC for 0.06$ (like the one in the picture of tweet) while at the same time another person was begging peoples to buy BTC of only $1.

The picture actually explains it but though I have not actually observe how fast the price always moves after halving, though if the graph is always accurate on the btc movement after halving, is going to be a big move breaking the all time high, is really good buying some amount of Bitcoin before it breaks the all time high.

[adultcrypto]

Government now left no choice to people and people are looking for a lot of side hustles. Many are changing their lives with trading and became financially independent.

As a fully grown adult, you don't even need to depend entirely on the government to be very successful. If the government is not helping matters, you don't have to rely on them.

Government rarely make people rich instead they make people comfortable and sometimes provide the enabling environment for people to prosper. Even when the enabling environment is provided, you still need to work hard to survive. For instance, USA is among the biggest economy in the world but we still have poor people there. This shows that even if the enabling environment is there, the bulk of the work rest with the individuals who still have to know how to utilize the available opportunities.

I believe that anyone in this forum have already known about Bitcoin and is taking their financial future serious through Bitcoin which provide a wonderful opportunity for anyone willing to believe in it well enough to buy and HODL.

About trading, some traders are not only making a living out of it; they also have other things that fetch money. The reason is that in trading, you don't get success from all your invested amount; some times you experience losses, and if you are only depending on the profit from your trades, you might be under some kind of financial pressure.

There are a good number of traders who are trading full time. If you master the skill, you don't need to work. Trading is highly profitable if you are able to master the skill. Some of the richest young guys that I know are actually traders. Many of them only hedge against risk by using their profits from trading to buy Bitcoin as well as stock.