Buy the DIP, and HODL!

[Wind_FURY]

Isn't the SEC's decision over BlackRock's ETF scheduled next week? I believe it is.

Yeah, the first deadline for BlackRock's ETF is set for September 2, 2023. However, it seems like everybody is already expecting that the SEC might opt for yet another delay like they did with the ARK/21Shares ETF. We might have to wait until the final deadline, i.e. next year, for the decision.

Perhaps there's something else going on that isn't quite public. Besides that whale who accumulated more than $3 billion in Bitcoin, the miners are also very bullish. The total hashing power in the network reached another ATH!



Does the hashing power follow the price? Or does the price follow the hashing power?

 

My conclusion, BOTH, because miners are speculators too. In the current situation, the miners probably know "something".

[1714239707]

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[JayJuanGee]

That's the point buddy
Why do we think of selling when we are already aware of the investment options. It's not just about buying and selling quickly especially when making investment and DCA commitments then it is definitely a long-term goal so regardless of the temporary gains that occur I think holding on to our goals is most important.

what I'm trying to say is that we have two types of investors one is short time investors and long time investors, the short time investors doesn't care about holding all he cares about is to make his profits through buying low and sell high because they are always afraid of market reversal going against them because there heart cannot withstand the pressure seeing there trade moving opposite direction so they prefer entring and exiting with any profit they made

Where are you headed mate? your speaking bout those who buys the dip and wants to be millionaires in a week and are obviously disappointed. But only few understands the future of potential hold.

The only part that worries me is running out of funds to buy more. Like seriously, I've seen this said so many times but honestly, the feeling of not having money while seeing the crypto market for down hard is brutal. You wanna buy more to invest in the long run but you don't have any funds to use for spending. Really sucks.

I am not worried but not having fun either, buying the dip then buying some more has been my modus operandi so far

For sure, when you are in BTC accumulation phase which could last right around 1 year (that is if you already have money that you are just reallocating from other sources which is a kind of variation of what happened with me) or maybe it takes 10 to 20 years to get through the BTC accumulation phase, even though surely those guys who had been accumulating $100 worth of BTC per week for the past 10 years, may well be starting to feel that they are getting up to a BTC amount that comforts them (since they would have had invested around $52k, and they would have around 54 BTC), and sure many of those BTC would have ended up accumulating more on the front end, and current purchases of $100 per week might not seem to be adding up to very much in terms of adding to the BTC portfolio.. and also $100 today does not feel like $100 in 2013, since it probably has reduced way more in purchasing power, maybe ONLY 1/4 of the purchasing power if that.. especially in the past few years.

I guess I am largely in agreement that it is likely going to feel like the first several years of BTC accumulation is going to have more sacrifices and needs for a tighter budget, but if you stay consistent then maybe you end up building up your reserves so that you don't ever feel that you are going to run out of money or that it is not that stressful even if you are not able to buy more BTC on dips because you had run out of money.. because also the longer that you are into BTC accumulation, the more you likely are going to start to feel that you have accumulated enough, even if you have not quit yet gotten to the place that you consider to be your "sweet spot."...

Even from right around May 2022 and through close to the end of 2022, I personally was feeling like I was running out of money to buy more BTC, even though surely I have enough BTC, but if the BTC price keeps dipping way beyond expectations, there may well be points in that journey in which you may well be taking from other resources to plug into your buy on dips BTC funds.

[edited out]I think that I have told a variation of the story that when I first left home  and I was 17/18 years old, and I had a pretty limited cashflow, but I learned right from the start to always attempt to put away at least 10%, and I was not always very good in terms of where I put the 10% (or the amount as it added up) but over the years, it did continue to build and build and build, even though I made several mistakes along the way, and there were times when my income increased quite a bit, so I was already used to living on a tight budget, and so when my income went up, I was frequently putting aside much higher levels, like 25% to 40%.. but I had many many years of ONLY doing 10% and it still added up... just did not have any bitcoin like investments.. .and maybe I was too dumb to identify the bitcoin-like investments and I tried to stick with safer investments, and maybe I would not have had been ready for bitcoin until after more than 20 years of already investing and having had built up my investments based on mediocre performance.

That's pretty cool. Where you find yourself today is as a result of the choice you made by keeping %10 of your savings which gradually catapulted to %20-40 . There is a saying that don't dispise your little begining. "Rome was not built a day" what ever mistake you think you've made is never a mistake.

The various mistakes are still mistakes because sometimes there may end up being losses of somewhere between 10% and 40% of whatever is then the holdings, and sometimes when a person loses that much due to some mistakes, there can be feelings of wanting to give up or feelings of futility or feelings something being wrong with the overall strategies.  There is also no guarantees that recoveries will be made from the mistakes, even if there might be considerable attempts to learn from the mistakes and to fix the approach/strategies in order that the mistakes might either be avoided or perhaps to become less impactful if they end up happening again.  

Actually there are sometimes that the same or even similar mistakes are made several times, and then it might take a bit of time to realize that you are largely making some variation of the same mistake that you had made before.  

to me it was a self decisive measure to train yourself against the future.

Sure.  Some people do seem to take longer to learn from mistakes, and sometimes I speak with people who are similar ages to me, and I find out that they are just beginning to make mistakes that i was making 10-20 years ago.. kind of like "rookie mistakes," and sometimes each of us has to make some variation of the mistakes ourselves in order to figure out some way to train ourselves not to be going down the path that is likely going to end up in a mistake (loss) that is greater than what we are wanting to bear.

There is a book title the richest man in babilon.  it says "any money you save is a slave..." so therefore there is power in savings. There are many people in this forum but I see you as a role model. I've gone through your posts and have learnt a lot from it I believe with you I will know more.

It is good if you are able to get some things out of my posts and figure out ways to apply them to your own situation, and at the same time, for sure each of us has to find our own path and also to attempt to tailor our approach in such a way that we are making sure that it works sufficiently well for wherever we might be in life .. accounting for each of our own individual financial and psychological factors, which I had recently numbered them in this earlier post in this thread.

Does the hashing power follow the price? Or does the price follow the hashing power?
 
My conclusion, BOTH, because miners are speculators too. In the current situation, the miners probably know "something".

Even though there is a symbiotic effect between the two, and sometimes the miners are following future price that they are speculating on, as you mentioned, hashpower is still following price, not the other way around.

[Agbamoni]

I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.

No one is above mistake buddy

[edited out]

I think that I have told a variation of the story that when I first left home  and I was 17/18 years old, and I had a pretty limited cashflow, but I learned right from the start to always attempt to put away at least 10%, and I was not always very good in terms of where I put the 10%

I remember clearly. That's why I call you the big brother. You started thinking about investing when you were young and managed to save some money. I wish I had that understanding when I was young. Even if I had saved just a little bit, like 2 percent, I would have gathered quite a bit of Bitcoin compared to what I have now. That's why people say if you don't know, you're missing out. Having the right information is crucial for gaining knowledge.

No one knows who that address belongs to, but we know the purpose is obviously as an investment, or probably a store of value? What whale would accumulate such a high amount of Bitcoin to merely "trade" them.
Isn't the SEC's decision over BlackRock's ETF scheduled next week? I believe it is.

Most of the bitcoin has always been held by a handful of people. It's not surprising if someone has a lot of it. Maybe they're keeping it for a long time after making money, or they're using some for trading and some for just holding onto. It's not like this money is equally helping everyone, as some people believe. This is how things are in the world of crypto, and it'll probably keep going this way as the market values increase.

[Salahmu]

For sure, when you are in BTC accumulation phase which could last right around 1 year (that is if you already have money that you are just reallocating from other sources which is a kind of variation of what happened with me) or maybe it takes 10 to 20 years to get through the BTC accumulation phase, even though surely those guys who had been accumulating $100 worth of BTC per week for the past 10 years, may well be starting to feel that they are getting up to a BTC amount that comforts them (since they would have had invested around $52k, and they would have around 54 BTC), and sure many of those BTC would have ended up accumulating more on the front end, and current purchases of $100 per week might not seem to be adding up to very much in terms of adding to the BTC portfolio.. and also $100 today does not feel like $100 in 2013, since it probably has reduced way more in purchasing power, maybe ONLY 1/4 of the purchasing power if that.. especially in the past few years.

Sure if the funds are there and someone decide to diversify his funds in accumulating Bitcoin it will be an awesome one but it will be unwise using all the funds for investment without a back up funds that could sustain you while you work to accumulate, just like what a business lecturer always advise me not to invest everything I have without a back up money, so is always good to set a target maybe 3 to 5 years to accumulate some certain amount of Bitcoin, perhaps you could structure your plans by accumulating Bitcoin every week with any amount you an afford and if consistent before your targeted years you most have accumulated enough, though your accumulation and people that started accumulating when the price is low can never be the same but what matters is that you were able to set a portfolio.

[HONDACD125]

But to me I believe that no time is wrong for an entry point to accumulation some Bitcoin because is a very potential coin and the future is bright so the possibility of enjoying your investment in the future is certain but that's for long time holding because there is no way you will accumulate some Bitcoin now and expect it to sky rockets immediately.

I think this is the best time to invest in Bitcoin and the current entry can give us good returns in the future. However, some are speculating that Bitcoin could fall back to $15k. Many are waiting to enter if the market falls further, but I think the current opportunity should not be missed. You're right, bitcoin has a lot of potential, and if there's a coin that can be trusted right now, it's bitcoin. This being the cryptocurrency market, nothing can be said with certainty here, but investing in Bitcoin is safer than other coins in the market, and the potential for profit is also higher. Yes bitcoin investment should be long term because bitcoin may not give us good returns in days or months. For this we may have to wait for a long time.

[adultcrypto]

Isn't the SEC's decision over BlackRock's ETF scheduled next week? I believe it is.

Yeah, the first deadline for BlackRock's ETF is set for September 2, 2023. However, it seems like everybody is already expecting that the SEC might opt for yet another delay like they did with the ARK/21Shares ETF. We might have to wait until the final deadline, i.e. next year, for the decision.

There is high chances that first approval will happen next year; I don't have any data to back this up but from the body language of the SEC, there will definitely be another delay until next year. Now combine the ETF approval with halving and do the maths.... This is the reason I get shocked when I see some people say anything about selling bitcoin now. I will be like, do these people actually follow bitcoin news? Well, it is what it is: some people will be happy and some will regret.

The gains of joining a balanced bitcoin community like this forum is indescribable; unlike Twitter where there are people spreading all manner of misinformation just to generate traffic and get paid by Elon Musk.

I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.

I have approximated that my more than 20 years of investing prior to bitcoin (prior to late 2013) on average was only earning about 5.5% per year (there were up years and down years but the average was around 5.5%), so those were pretty standard kinds of investments and standard kinds of returns.. maybe even mediocre.. but accounting for various mistakes contained therein.

When I added bitcoin to the mix of the investments, the performance went way up, but it did not go up until right around 3 to 3.5 years later, if we account for either late 2016 or maybe into 2017... and so part of the resulting positive is that even once my BTC price performance got to a pretty decent size to outpace all of my other investments, it really did not drop below $3,124 in late 2018.. so even the lowest of corrections kept the BTC holdings in great profits.

So even if you were to attempt to plug numbers in here, you do not necessarily get to stellar performance, and of course, BTC prices went up 20x from the 2018 lows but also corrected back down to right around 5x.. and perhaps now we are around 8x to 9x from the 2018 low.. but I like to characterize my own overall BTC holdings in terms of having a cost per BTC right around $1k per BTC, and therefore it is easier to estimate the BTC part to be around 26x up, overall.

Even though we might want to believe that it is never late to invest in bitcoin, I am sometimes tempted to think I did not really start early. If you compare the time and resources it will take someone to get 1BTC in say 2016... project it to now that 1BTC is above the annual earning of some jobs regarded as high paying;it is as if the train have left. well, the future still look bright and even though the early adopters are well positioned now, there is still a chance for some huge gains. I see bitcoin making it to the mainstream, it is a matter of time. The uncertainties in the world and political developments is already suggesting that something not controlled by any of the powers of the world will be a preferred choice of many and bitcoin fits well into this narratives.

[Roseline492]

Most of the bitcoin has always been held by a handful of people. It's not surprising if someone has a lot of it. Maybe they're keeping it for a long time after making money, or they're using some for trading and some for just holding onto. It's not like this money is equally helping everyone, as some people believe. This is how things are in the world of crypto, and it'll probably keep going this way as the market values increase.

Haha, off cause mate there are people who has a lot of Bitcoin on there portfolio just like they said information is power there are people who got the information about Bitcoin earlier and it potential and they take advantage of the opportunity and lucky for them the Bitcoin price was still very low then, just imagine how much accumulation of Bitcoin they would have made on there portfolio and now even if Bitcoin price drops a bit it doesn't really affect them because they started accumulating when the price was very small, I could remember then when I was advice by a friend to start accumulating Bitcoin by then price was just $3k but then I use to be very skeptical about crypto but little did I no I was making a mistake by not investing on Bitcoin then, I use to imagine how much I would have accumulated by now but perhaps is never late to start accumulating.

[Dictator69]

It is quite unfortunate that up till now people are still agueably resisting to buy the dip. Bitcoin is a coin with great future and purpose. the founder of Bitcoin (Satoshi nakamoto) has a bright future for Bitcoin. when Bitcoin came out, people were adamant and ague about it but on the long run it became a success from 2017 to 2022.

There was an all time high of over $65k and later dropt to $18k and raised to $30k. so there  is a tendency that it will definitely skyrocket. So now is the time to buy the dip and hold. (Satoshi nakamoto) said that Bitcoin is for the common man. But the rich took advantage of it, because poor men will always see any opportunity as scam that's why the whales bought and stuck today Bitcoin is no longer for the common man. But there is still slight opportunity to buy now and never regret.

You are right. At least one person who takes part in it will be free from FOMO. and I do not really think the rich have benefited from the BTC and the poor have not. Because once the poor (with lesser knowledge) came to know about such opportunities, they tend to ignore them, but when the same poor see another fellow poor making his or her life better with that knowledge, which he refused before, they tend not to ignore it but instead gain that knowledge and expect the same results as their fellow poor.

And that's the audacity of the system here. People do not take actions based on others gains; instead, they even do not tend to think before making investments, and another downfall of the poor is that they do not have savings, which means they do not save some money for emergencies. Once they know some other dude made huge profits, they will jump into the market with all of their asses, and at the end, when the market does not go as they have planned, they will have financial problems, and then they will try to survive the trade even with a loss because they will think that saving something rather than losing all is beneficial.

But at the end, we all know patience is also necessary, and that's why we should have funds in case of an emergency. I also learned that from an expert with more than 20 years of experience.

[Furious 7]

That's the point buddy
Why do we think of selling when we are already aware of the investment options. It's not just about buying and selling quickly especially when making investment and DCA commitments then it is definitely a long-term goal so regardless of the temporary gains that occur I think holding on to our goals is most important.

I agree with you but one thing we most no is that investors has different agenda or objective and as such they structure there portfolio in a way that suit there investment plan, what I'm trying to say is that we have two types of investors one is short time investors and long time investors, the short time investors doesn't care about holding all he cares about is to make his profits through buying low and sell high because they are always afraid of market reversal going against them because there heart cannot withstand the pressure seeing there trade moving opposite direction so they prefer entring and exiting with any profit they made while the long time holders relax there mind they enter the market believing there portfolio will add in the future.

I don't deny when saying short-term and long-term investors but when talking about bitcoin I think in this case long-term is one way if indeed they want profit and comfort because at the end of the day when you buy at a low price and sell back when it's profitable it's what's the difference with trading (although it does become one of the ways of some people) but it's not an investment.
Even if the goal is the same but when people who are in bitcoin understand the investment that is done then the long term is a priority because they realize the temporary benefits they take (when prices rise in the next few weeks or months) are only a small part of the benefits they can get in the future.

[JayJuanGee]

But to me I believe that no time is wrong for an entry point to accumulation some Bitcoin because is a very potential coin and the future is bright so the possibility of enjoying your investment in the future is certain but that's for long time holding because there is no way you will accumulate some Bitcoin now and expect it to sky rockets immediately.

I think this is the best time to invest in Bitcoin and the current entry can give us good returns in the future. However, some are speculating that Bitcoin could fall back to $15k. Many are waiting to enter if the market falls further, but I think the current opportunity should not be missed. You're right, bitcoin has a lot of potential, and if there's a coin that can be trusted right now, it's bitcoin. This being the cryptocurrency market, nothing can be said with certainty here, but investing in Bitcoin is safer than other coins in the market, and the potential for profit is also higher. Yes bitcoin investment should be long term because bitcoin may not give us good returns in days or months. For this we may have to wait for a long time.

Your ideas of a long-term seems to hardly even in the ballpark of contemplating "long term" 

You seem to be considering long term in terms of "whenever the BTC price bounces and gives you an amount of profits that you feel sufficiently good enough." 

which is more of a traders mindset rather than the kind of long term that we are talking about in this thread in terms of 1, 2, 3 or even more cycles... so careful if you are fucking around too much with figuring out when to sell your BTC within one cycle and then getting stuck into a bitter position because you ended up neither accumulating enough BTC and also selling way too many BTC at too low of prices.

I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.

I have approximated that my more than 20 years of investing prior to bitcoin (prior to late 2013) on average was only earning about 5.5% per year (there were up years and down years but the average was around 5.5%), so those were pretty standard kinds of investments and standard kinds of returns.. maybe even mediocre.. but accounting for various mistakes contained therein.

When I added bitcoin to the mix of the investments, the performance went way up, but it did not go up until right around 3 to 3.5 years later, if we account for either late 2016 or maybe into 2017... and so part of the resulting positive is that even once my BTC price performance got to a pretty decent size to outpace all of my other investments, it really did not drop below $3,124 in late 2018.. so even the lowest of corrections kept the BTC holdings in great profits.

So even if you were to attempt to plug numbers in here, you do not necessarily get to stellar performance, and of course, BTC prices went up 20x from the 2018 lows but also corrected back down to right around 5x.. and perhaps now we are around 8x to 9x from the 2018 low.. but I like to characterize my own overall BTC holdings in terms of having a cost per BTC right around $1k per BTC, and therefore it is easier to estimate the BTC part to be around 26x up, overall.

Even though we might want to believe that it is never late to invest in bitcoin, I am sometimes tempted to think I did not really start early. If you compare the time and resources it will take someone to get 1BTC in say 2016... project it to now that 1BTC is above the annual earning of some jobs regarded as high paying;it is as if the train have left.

I would suggest that you try not to be envious of what other people did, and sure maybe you made some mistakes in terms of your having had a sufficient amount of information to guide you in terms of buying bitcoin, but you failed to sufficiently and adequately act.

you cannot turn back the clock, and you can ONLY go forward based on the information that you currently have ih your head (and hopefully in your ongoing studying the BTC space that also includes ongoingly actively buying BTC in a way that is sufficiently aggressive for you, but not so aggressive that you end up losing more coins than you would have had wished to have lost.

well, the future still look bright and even though the early adopters are well positioned now,

I continue to make the point that you are currently an early adopter.  Sure there might have had been some BTC price appreciation that has caused you to not be able to get as many coins than if you had entered 3, 5 or 7 years ago. .(or even longer), but there still is likely way less than 1% of actual bitcoin adoption and even a lot of the businesses/financial institutions and governments are not likely accumulating as many BTC as they should be doing at these prices...

so figure out what you are going to do to attempt to make your own BTC/investment portfolio as strong as you are able to accomplish within your own financial and mental circumstances.. and sure your skill set and your abilities to learn (or maybe difficulties in terms of having enough time to spend on BTC investing and/or balancing of your accumulation strategies).

yeah, you might never be able to get a whole BTC, but do you really need a whole BTC?

Look at my fuck you status chart again... and think about it.. you may well not even need to get to $2million in networth in order to be in a much better position because you ended up accumulating 0.5 BTC by 2035... or whatever might be within your financial and/or mental abilities (and of course actions) to accomplish.

there is still a chance for some huge gains.

Of course.  Bitcoin likely has around 1,000x the value of gold, but it is ONLY about 1/20th of the price of gold, and sure it could take 100 or 200 years for BTC to reach its fair market value relative to gold, but if we have some clues about bitcoin, we likely realize that its price pressures are likely ongoingly in the UPpity direction.. even if we cannot really exactly figure out if some kind of timeline is going to work out exactly for our own hopefully ongoing BTC accumulation strategies.

I see bitcoin making it to the mainstream, it is a matter of time. The uncertainties in the world and political developments is already suggesting that something not controlled by any of the powers of the world will be a preferred choice of many and bitcoin fits well into this narratives.

Yep.. and most people (maybe 99% or so) do not even know this information that you just described.. but even though you likely know something that other people do not, does not necessarily mean that your investment is actually going to end up paying off, so hopefully, you figure out an ongoing BTC position size that works for you in your likely ongoing many years of accumulating BTC.. maybe you will look back in 10 years and conclude that you were not bullish enough.. or maybe you will look back and see that you screwed things up because you were overly bullish and you had not figured out ways to adequately/sufficiently secure whatever coins that you end up being able to accumulate along the way.

[Samlucky O]

I would suggest that you try not to be envious of what other people did, and sure maybe you made some mistakes in terms of your having had a sufficient amount of information to guide you in terms of buying bitcoin, but you failed to sufficiently and adequately act.

you cannot turn back the clock, and you can ONLY go forward based on the information that you currently have ih your head (and hopefully in your ongoing studying the BTC space that also includes ongoingly actively buying BTC in a way that is sufficiently aggressive for you, but not so aggressive that you end up losing more coins than you would have had wished to have lost.

.

Sometimes being envy is good. It will multivate you to aquire more skills. You Not having enough information on buying Bitcoin is never your fault. Information is a key to success. "If you are not informed  you will be deformed" downfall of a man is not the end of his life. Where it becomes a problem is when he falls and refuse to rise again. "Any time a man wakes up is his morning.

[JayJuanGee]

I would suggest that you try not to be envious of what other people did, and sure maybe you made some mistakes in terms of your having had a sufficient amount of information to guide you in terms of buying bitcoin, but you failed to sufficiently and adequately act.

you cannot turn back the clock, and you can ONLY go forward based on the information that you currently have ih your head (and hopefully in your ongoing studying the BTC space that also includes ongoingly actively buying BTC in a way that is sufficiently aggressive for you, but not so aggressive that you end up losing more coins than you would have had wished to have lost.

Sometimes being envy is good. It will multivate you to aquire more skills. You Not having enough information on buying Bitcoin is never your fault. Information is a key to success. "If you are not informed  you will be deformed" downfall of a man is not the end of his life. Where it becomes a problem is when he falls and refuse to rise again. "Any time a man wakes up is his morning.

I think my post speaks for itself, so anyone can choose to go down the envy path, even though to me it does not seem to be a healthy mindset because the punchline still concerns each of us attempting to figure out specifically what we are going to try to do, which may well result in ongoingly buying BTC and also trying to continue to learn (and to get better) along the way to the extent to which we choose to engage in BTC accumulation in light of whether we believe that we have enough BTC or not (based on our own circumstances), and no one is really going to be able to specifically advise how another should approach their BTC accumulation.. since each of us is in a better position to assess and to act upon our own particulars..

Do you have enough BTC?

If so, then great.

If not, then are you going to accumulate more or just let whatever you have to ride until some later date in which you reassess your own particular circumstances and whether buying BTC is warranted.

[Samlucky O]

I think my post speaks for itself, so anyone can choose to go down the envy path, even though to me it does not seem to be a healthy mindset because the punchline still concerns each of us attempting to figure out specifically what we are going to try to do, which may well result in ongoingly buying BTC and also trying to continue to learn (and to get better) along the way to the extent to which we choose to engage in BTC accumulation in light of whether we believe that we have enough BTC or not (based on our own circumstances), and no one is really going to be able to specifically advise how another should approach their BTC accumulation.. since each of us is in a better position to assess and to act upon our own particulars..

.

Not really the mindset. Although everyone has his paspective of how he wants to accumulate his btc but me speaking about being envy might sound owful but in other wayround what I mean is taking challenge from others mistake.

Do you have enough BTC?

If so, then great.

If not, then are you going to accumulate more or just let whatever you have to ride until some later date in which you reassess your own particular circumstances and whether buying BTC is warranted.

.

I don't have btc but looking up to. And I intend to accumulate btc. We rise by lifting others up. my main aim of coming here is to learn not the other way round. Wisdom cometh by hearing and not by aguement. But some aguement is for learning. "Who ever ask questions does not miss road"

[JayJuanGee]

Do you have enough BTC?

If so, then great.

If not, then are you going to accumulate more or just let whatever you have to ride until some later date in which you reassess your own particular circumstances and whether buying BTC is warranted.

.
I don't have btc but looking up to. And I intend to accumulate btc. We rise by lifting others up. my main aim of coming here is to learn not the other way round. Wisdom cometh by hearing and not by aguement. But some aguement is for learning. "Who ever ask questions does not miss road"

That's too bad that you don't have any BTC and/or you have not figured out some kind of a BTC accumulation strategy that might work for your situation.  I doubt that you are going to end up being correct, but surely you have a right to your own ways of living, including choosing whether to invest in various assets and if so, then how much, or how to go about it.

None-the-less you are in a better position to judge your own circumstances, even though a kind of default position of mine is to suggest that everyone should attempt to own some BTC and to get off zero.. but then how much to invest after that might be a matter of degree.. and prior to 2020, I was largely recommending to either get BTC to be between 1% and 10% of your investment portfolio or alternatively to consider that investing in BTC would be between 1% and 10% of your overall income.

Since sometime during 2020 and ever since, I changed my suggestion to be between 1% and 25%, and of course, its up to you the amount that you might choose within that range or if you choose some approach that might be outside of that range.

[Riginac111]

Edited out

after reading your reply I began to think You must be one of the top 1 richest people in the world as you have such an entrepreneur mindset, and you must have gained a lot from BTC and other diversified portfolios. 

I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.

I have approximated that my more than 20 years of investing prior to bitcoin (prior to late 2013) on average was only earning about 5.5% per year (there were up years and down years but the average was around 5.5%), so those were pretty standard kinds of investments and standard kinds of returns.. maybe even mediocre.. but accounting for various mistakes contained therein.

When I added bitcoin to the mix of the investments, the performance went way up, but it did not go up until right around 3 to 3.5 years later, if we account for either late 2016 or maybe into 2017... and so part of the resulting positive is that even once my BTC price performance got to a pretty decent size to outpace all of my other investments, it really did not drop below $3,124 in late 2018.. so even the lowest of corrections kept the BTC holdings in great profits.

So even if you were to attempt to plug numbers in here, you do not necessarily get to stellar performance, and of course, BTC prices went up 20x from the 2018 lows but also corrected back down to right around 5x.. and perhaps now we are around 8x to 9x from the 2018 low.. but I like to characterize my own overall BTC holdings in terms of having a cost per BTC right around $1k per BTC, and therefore it is easier to estimate the BTC part to be around 26x up, overall.

If I have known you too well since I registered in forum I would have been reading your post like taking a morning tea, this is kind of mindset I needs to follow some of investment plans, that means you most have been a rich people from the analysis of your other investment and together with your bitcoin investment, if someone should invest in bitcoin now with almost ten thousand dollars worth of bitcoin in this year 2023 and after 4 years and bitcoin increases more than its price now, how many x do you think will be the overall x of someone that invested with ten thousand dollars worth of bitcoin within the space of four years

[YUriy1991]

I think my post speaks for itself, so anyone can choose to go down the envy path, even though to me it does not seem to be a healthy mindset because the punchline still concerns each of us attempting to figure out specifically what we are going to try to do, which may well result in ongoingly buying BTC and also trying to continue to learn (and to get better) along the way to the extent to which we choose to engage in BTC accumulation in light of whether we believe that we have enough BTC or not (based on our own circumstances), and no one is really going to be able to specifically advise how another should approach their BTC accumulation.. since each of us is in a better position to assess and to act upon our own particulars..

.

Not really the mindset. Although everyone has his paspective of how he wants to accumulate his btc but me speaking about being envy might sound owful but in other wayround what I mean is taking challenge from others mistake.

If you want to invest in BTC we can buy Bitcoin without having to wait for the price to drop and even buying it doesn't have to be all in 100% of the funds we have and to maximize it one of the strategies you can try is the dollar cost-averaging (DCA), namely buying Bitcoin little by little whether it's 5% or 10% of the funds you have prepared or Another way, you can routinely invest Bitcoin for a week and certainly buy BTC using the DCA method through a crypto exchange platform that supports features Repeat Buy or purchase regularly and what is the end result of the DCA pattern investment pattern, The amount of BTC purchases will be very different from when you buy all at once (All In) and if you add up it will be more of course (DCA).

This Regardless of all the flavors you discussed above.

[2Pizza410000BTC]

This is not my own research but from TBT chat GPT published a report on Bitcoin prediction in coming years especially halving years where Bitcoin price will be in 2024, 2028, 2032 and 2050. However, ChatGPT has revealed an upward trending market pattern. But it is not possible to discuss in detail here that many debates will arise as to how true the predictions of Chat GPT will be. But investing and holding Bitcoin is very important from ChatGPT's research. Because according to the prediction now is the right time to invest in Bitcoin.

[Salahmu]

I think my post speaks for itself, so anyone can choose to go down the envy path, even though to me it does not seem to be a healthy mindset because the punchline still concerns each of us attempting to figure out specifically what we are going to try to do, which may well result in ongoingly buying BTC and also trying to continue to learn (and to get better) along the way to the extent to which we choose to engage in BTC accumulation in light of whether we believe that we have enough BTC or not (based on our own circumstances), and no one is really going to be able to specifically advise how another should approach their BTC accumulation.. since each of us is in a better position to assess and to act upon our own particulars..

.

Not really the mindset. Although everyone has his paspective of how he wants to accumulate his btc but me speaking about being envy might sound owful but in other wayround what I mean is taking challenge from others mistake.

Do you have enough BTC?

If so, then great.

If not, then are you going to accumulate more or just let whatever you have to ride until some later date in which you reassess your own particular circumstances and whether buying BTC is warranted.

.

I don't have btc but looking up to. And I intend to accumulate btc. We rise by lifting others up. my main aim of coming here is to learn not the other way round. Wisdom cometh by hearing and not by aguement. But some aguement is for learning. "Who ever ask questions does not miss road"

Yeah everyone has it own perspective of accumulating Bitcoin it could be for Short time accumulating and long which ever way suitable for the person, secondly in times of envy we no that envy could be sometimes bad so let not view it on one perspective because with envy you can harm someone financially because you wish you had been the persons position but in other words envy multivate or propel you to strive and boost your portfolio so that you can be equal with others.
 
Learning is very important irrespective of how people are accumulating Bitcoin and boosting there portfolio there is always a need for someone that's coming in to learn and have a bit knowledge about Bitcoin because rushing into accumulating Bitcoin without knowing the security measures you could end up exposing your secret phrase to third party and is also not advise able given someone your funds to accumulate for you, so I like your spirit because learning is very important, maybe later on when you no you have enough knowledge you need you can start accumulating for yourself.

[Salahmu]

This is not my own research but from TBT chat GPT published a report on Bitcoin prediction in coming years especially halving years where Bitcoin price will be in 2024, 2028, 2032 and 2050. However, ChatGPT has revealed an upward trending market pattern. But it is not possible to discuss in detail here that many debates will arise as to how true the predictions of Chat GPT will be. But investing and holding Bitcoin is very important from ChatGPT's research. Because according to the prediction now is the right time to invest in Bitcoin.

Is actually a moltivating prediction, there has been many predictions about Bitcoin future but to me we can only predict but cannot get the exact price of Bitcoin in the future but truth be told even without those predictions my goal of accumulating Bitcoin and boost my portfolio still remain the same because even without those predictions we no that the future and potential of Bitcoin is going to be massive, the future potential is like a permanent paint that can never be erased, so I normally see those predictions as an added moltivator that reminds me that my decision of choosing to accumulate Bitcoin is one the best decisions I have ever made. It's Cristal clear about Bitcoin potential so is good to start strategizing by accumulating some Bitcoin because the price will not always remain like these, it could start moving overnight.

[ginsan]

This is not my own research but from TBT chat GPT published a report on Bitcoin prediction in coming years especially halving years where Bitcoin price will be in 2024, 2028, 2032 and 2050. However, ChatGPT has revealed an upward trending market pattern. But it is not possible to discuss in detail here that many debates will arise as to how true the predictions of Chat GPT will be. But investing and holding Bitcoin is very important from ChatGPT's research. Because according to the prediction now is the right time to invest in Bitcoin.

~~

You are too ambitious to pursue the target in the illusory image. Yes Halving will have an impact on price increases but for us it is nothing because basically if you don't have BTC in your portfolio then the increase that occurs is of no use to you.

So in conclusion you are not too late to realize this to accumulate BTC in your portfolio. We continue to buy on dca basis and we'll see later even when it reaches the Halving in 2050 and that's if we have longevity.