Buy the DIP, and HODL!

[Republikcoin.com]

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.

It's great to be jealous of anything good or a job that can lead someone to more success and I don't think it would be a problem at all. Because if you talk about being jealous of someone's skills and information that you don't know about being successful, that's the main thing that you have to fix for yourself so that you can more quickly find a path to success in your life. And for the parable that you say this is quite logical to understand and I also hope that you can understand it quite well.

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.

Usually people who have done research with any regard to something, he must already have that thing in his pocket. Even if it looks like an illusion because the image is published via the ChatGPT engine, but it can happen even though it won't be exactly like the automated machine says. The influence of people who still like to buy low and hold it will be the runway for the price increase in Bitcoin. But if there are lots of people who no longer like to buy at the low price and hold it for a long time, price increases will be more difficult to happen in Bitcoin.

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.

I'm not going to talk about age because that's harder to figure out, but as long as there are buyers who still apply the DCA concept as well as the concept of buying low and holding it for a long time, a price increase will always be easier to spot. But sometimes some of the influences of major events and events can also hit market conditions for the worse even if only for a moment, and right now I also agree more if it is said that it is still good enough for a buying moment because Bitcoin is still under $30K.

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[bitLeap]

Doubts and fears are very natural, and it is the nature of every human being. It is not a problem as long as we do not fall into that fear or doubt and make us never move to start collecting bitcoins in our portfolio.

It is interesting to read your words regarding "I believe that no time is wrong for an entry point to accumulation some Bitcoin" because even if that is true then an investor who buys bitcoin must hold it longer, unlike when they buy during a price decline. For example someone who buys when bitcoin hits the last ATH, then how long does it take them to be able to turn their portfolio into a profit? here requires a very strong mentality to be patient to hold it, because if not then they will be frustrated and sell it at a much cheaper price.
Not everyone can do that, especially if they're someone who doesn't have a lot of patience.

All trader ever in position doubt and fear when investing their money in bitcoin or altcoin exactly facing moment with price dropped drastically, its nature of human being how to face with their investment happening later drop or not. But don't give up for accumulating and buying bitcoin how many possibility based on our financial having. Bitcoin and altcoin trader have strong mentality and more patience facing bad moment when bitcoin drop and keep continues reinvesting if their target with long term investment. Don't give up when looking current Bitcoin or altcoin have lower price but take it as very good opportunity by accumulating as much possible not only with bitcoin but also some potential altcoin worth for long term holding.

Without meaning to say your point of view is wrong, but I don't think it applies to altcoins, precisely to all altcoins. Whereas here you don't mention specifically which altcoin you are referring to. I think bitcoin is a very promising asset for us to hold for a very long time, while for altcoins I prefer to use it as my short-term investment. BNB and ETH for example, well for these 2 altcoins I might hold them longer, but for other altcoins I don't think I will hold them for a long time. Instead of holding it for a long time, I prefer to invest short-term and when I get a profit I will immediately sell it and allocate it to buy additional bitcoin to increase the money I have allocated before.

[adultcrypto]

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,

You are right because my comment have the tune of envy even though that was not what I intended to portray. Rather than that, I should see them as motivation and hope for the best in the future. If they could buy bitcoin against the huge uncertainty and media negativity then, indeed they should be a source of motivation. Those joining now have already seen what is possible in bitcoin so their believe and resolve is not as those of the earlier people.

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.

This is so true. The best one can to look at the future with optimism, taking informed and well calculated risks, not willing or ready to miss any opportunity that show up along the way and also keeping expectations in check to avoid being overambitious.

One good lesson I have learnt so far is to realize that nothing is guaranteed even life itself as no one knows when he will be done on earth. So, our aspirations and endeavors is limited to making the best decisions and choices and allow time to prove us wrong or right.

Yep.. and most people (maybe 99% or so) do not even know this information that you just described..

Even though the mainstream media will not actively advertise bitcoin and encourage people to go that way, don't you think a time might come when people will be constrained to ask questions? If peradventure we get to this level of inquiry, a good percentage of human population might likely go with bitcoin. This is a possibility but not certain it will happen and again, only time will tell.

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....

Whatever the outcome of bitcoin is, we are here for the long term. There is no business without risk so one should be ready to bear the risk that comes with bitcoin. In other words, even though I am optimistic that things will get better with bitcoin, I will allow prepare for any possible outcome since I am already applying risk management.

[Samlucky O]

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.

.

In my own point of view from the chat. I think there is a tendency that btc will rise to that point in the nearest future. My reason of saying that is because there will be a time when btc will be limited in circulation. Demand will be high and supply will be low.  By then many people will have lost access to their portfolio when dey lost there pass phrase and btc being trapped down dere. Death rate will definitely affect btc because many people here have alot of btc but refuse to inform their family about how many btc dey have accumulated. And if death arise now the btc is also traped. So in this little point of mine, I think btc will increase it's price according to the chat.  I am urging each an everyone of us to always keep information about your online accet as a will. not only physical property can be willed but online accet also. Because many people have more investment online than domiciliary account. Remember death is inevitable.

[JayJuanGee]

[edited out]

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

How is anyone going to know that? 

Sure, in my chart, I have attempted to show how the 200-week moving average might continue to go up based on how it has historically gone up while at the same time causing the slope to be less steep with the passage of time.

There are no guarantees, and even my slope might be incorrect, including that the 200-week moving average might end up going negative rather than having a positive slope.

My chart shows the 200-week moving average in mid to late 2027 to be between $110k and $126k.

Sure many of us are ok with lump summing into BTC, especially if you have the money available, but usually I tend to recommend to divide your current amount (which is the $10k in your example) into three parts, and then also to figure out your cashflow, but the way I am suggesting might not perform as well as a strict lump summing into BTC with the $10k at these prices. 

Each of us has to decide for ourselves in regards to our approach, yet I have frequently found it good for me psychologically to have money to be able to buy on dips, but surely anyone might be kicking themselves if they have mostly ended up under investing because of holding money for dips that do not end up happening.

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.

Those conservative scenarios seem very conservative on the downside in terms of a $20k that does not move for any of the timeframes listed.

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,

You are right because my comment have the tune of envy even though that was not what I intended to portray. Rather than that, I should see them as motivation and hope for the best in the future.

Even if you have good intentions and you are "admiring" early adopters rather than "envying" them, it still is a distraction to what should be important to you in terms of figuring out your own details and your own strategies, like I have largely already attempted to overview those ideas.   

If they could buy bitcoin against the huge uncertainty and media negativity then, indeed they should be a source of motivation. Those joining now have already seen what is possible in bitcoin so their believe and resolve is not as those of the earlier people.

Sure, you can see what bitcoin has been able to do, and you have seen that some people developed bitcoin commitment earlier than other people, yet to me, it does not seems to be anything to spend very much time thinking about.. but instead thinking about your own situation and what you are going to do.. including that we likely realize that past performance does not guarantee future results, and each of us has to surely account for that..  and one of the things that I have been mentioning is that 10 years ago, someone could have likely put $10 per week into bitcoin and they would be in a pretty decent position right now, and even if anyone right now puts $100 or even $1,000 per week into bitcoin, they are not going to catch up to the earlier BTC accumulator, presuming that the earlier BTC accumulator does not screw up too much.

But it might NOT be practical for people to be able to invest $1k per week into bitcoin for 10 years, and maybe the best that they can do is $100 per week, which may well be better than doing $10 per week right now.. but not better than $10 per week 10 years ago... but who would have known?  We cannot go back, we can just attempt to figure out our position size and our approach based on our own circumstances, and we might well realize (and recognize) that now days it would be better to invest $100 per week, rather than $10 per week - based on where bitcoin is at now as compared to 10 years ago and also based on the dollar likely being less than half the value (maybe even less than 1/3rd) that it had 10 years ago.

Yep.. and most people (maybe 99% or so) do not even know this information that you just described..

Even though the mainstream media will not actively advertise bitcoin and encourage people to go that way, don't you think a time might come when people will be constrained to ask questions? If peradventure we get to this level of inquiry, a good percentage of human population might likely go with bitcoin. This is a possibility but not certain it will happen and again, only time will tell.

Well, sure we cannot have confidence regarding how fast adoption will occur and whether it will continue to occur, even though there ongoingly seems to be a lot of evidence of continued BTC adoption.. and maybe not as fast as some people would like,... but maybe the faster adoption periods come during the BTC price rises that may or may not happen, and then we get into periods in which the rise in adoption is slower or even imperceptible because some folks are getting out while others are getting in, and maybe it can take a bit of time for the bitcoin adoption levels to get back to where it was during the hype period.. but still the overall trajectory seems to continue to be upwards. 

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....

Whatever the outcome of bitcoin is, we are here for the long term. There is no business without risk so one should be ready to bear the risk that comes with bitcoin. In other words, even though I am optimistic that things will get better with bitcoin, I will allow prepare for any possible outcome since I am already applying risk management.

That sounds good.

[Dictator69]

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

You are saying you made 26x and still saying I have made mistakes along the way. I mean are you even expecting more? Or what I just missed here.

I mean even if the buying of 1 BTC cost you around $1k at an average rate then I think that's a good buying. But still, it really matters how much BTC you have. Not asking just saying.

PS: and did you remember the graph which wind-fury shared, the link of which I gave you, by searching it on the google lens. I found the source to that topic, and it was not intentionally found instead I was reading some topics and one of the OP made a topic by the name of Here is a tight slap to bitcoin haters

Well, that chart was about, all the times in past when many big authorities talked bad about BTC and then BTC turn out to be a charm instead of failure. The thing is BTC really disappoints many people who believed in its failure. The real link to that source is here https://buybitcoinworldwide.com/bitcoin-is-dead/

[2Pizza410000BTC]

Well, that chart was about, all the times in past when many big authorities talked bad about BTC and then BTC turn out to be a charm instead of failure. The thing is BTC really disappoints many people who believed in its failure. The real link to that source is here https://buybitcoinworldwide.com/bitcoin-is-dead/

Bitcoin has died not once but twice but 474 times but resurrected 475 times. This cycle of Bitcoin life and death will continue to cycle like this for as long as Bitcoin exists in the world.
When a group of institutions, individuals or an organized group make a negative comment on Bitcoin, the Bitcoin market has a huge impact, resulting in a massive drop in the market price of Bitcoin. This is one of the tricks for investing that can't be easily understood by stupid or uninformed investors.
When bitcoin died 474 times, the most intelligent investors invested in bitcoin and the stupidest and most ignorant sold their bitcoins 474 times.



Bitcoin died at 0
Bitcoin died at ATH 69K ....hahaha

[Odohu]

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, .

At 17/18 years old I was not really privileged to certain information especially those that makes one self reliant. I think it is a thing of our culture;parents will hardly allow their children around that age to leave the home to pursue their dreams. Instead, at that age range, we were occupied with how to enter the university, still under the funding of parents/guardians. So at that age, things like investing was alien to us. However, things have changed now as awareness is fast spreading globally, thanks to deeper internet penetration.

Deep down there is this joy I have been experience and that is partly because I feel I am doing the right thing especially with making sure the future is secured; I have never had the fear of the future that was once a nightmare to me. Now I am more hopeful of a future that I don't have to engage in arduous work at old age.

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

I have learnt a lot from you and I happy I found a forum like this. A lot of things are already changing with me and very fast at that. I am taking my financial planning and investing seriously, cutting many frivolities and focusing only on needs and necessities. The transfer of knowledge and experience happening in this forum is what I will cherish as long as I live

[Aanuoluwatofunmi]

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.

.

In my own point of view from the chat. I think there is a tendency that btc will rise to that point in the nearest future. My reason of saying that is because there will be a time when btc will be limited in circulation. Demand will be high and supply will be low.  By then many people will have lost access to their portfolio when dey lost there pass phrase and btc being trapped down dere. Death rate will definitely affect btc because many people here have alot of btc but refuse to inform their family about how many btc dey have accumulated. And if death arise now the btc is also traped. So in this little point of mine, I think btc will increase it's price according to the chat.  I am urging each an everyone of us to always keep information about your online accet as a will. not only physical property can be willed but online accet also. Because many people have more investment online than domiciliary account. Remember death is inevitable.

Do we really need the use of ChatGPT in telling bus the possible experience we are likely to have from the bitcoin market price to either go dip or more bull, some have seen the recent $25,800 it tasted as a mean to go more dip while some are closely observing the chart and weekly candles for more possibilities that may come forth from this same recent experience, knowing well that we are aiming at seing the market pumping but not going the way we expected is not a yardstick to doubt about what can come up anytime from now, this is cryptocurrency and we cannot fully predict the outcome of what comes in next on a volatile currency like bitcoin, this call for more expectations for bull as we are fast approaching the Halving.

[Adbitco]

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

This doesn't show a good representative of bitcoin or a bitcoin promoter focusing only the x aspect of it makes you lose interest whenever the price didn't go as planned. Look beyond what price to gain within the next 4 years if you invested with $10k, for real that there must be something positive but it shouldn't be something you have to hold in your mind about the out of the result which you had invested, as a bitcoin love or a crypto currency enthusiast channeling your thinking on x aspect always gets someone weak because when the prices didn't go as planned it creates more hatred to you about bitcoin.. why not just invest and zero your mind for that 4 years and see the results yourself.

Lastly.. there is a popular adage that says "Whenever you sleep and woke up, that's were your morning starts counting".
So I believe you just discovered JayJuanGee, he is a father for all and a true legend which everyone loves consulting, I mean they like involving themselves to his discussion to have more ideas about the crypto space.

[Nwada001]

My reason of saying that is because there will be a time when btc will be limited in circulation. Demand will be high and supply will be low.  By then many people will have lost access to their portfolio when dey lost there pass phrase and btc being trapped down dere. Death rate will definitely affect btc because many people here have alot of btc but refuse to inform their family about how many btc dey have accumulated. And if death arise now the btc is also traped. So in this little point of mine, I think btc will increase it's price according to the chat.  I am urging each an everyone of us to always keep information about your online accet as a will. not only physical property can be willed but online accet also. Because many people have more investment online than domiciliary account. Remember death is inevitable.

Firstly, bitcoin is already limited in circulation, as it doesn't have an infinite circulating supply, but it's limited. I guess what you mean is that the number in circulation will definitely reduce over time.

Currently, there are already some considered lost wallets that hold millions of dollars worth of bitcoin. Those are considered lost for the main reason that they have not had any output transactions for a long period of time, but most of them still do wake up after some time, which means they are not entirely lost. So unless bitcoins are being sent to a burn address where we know that there are no possibilities of getting them back, I cannot believe that they are entirely off circulation.

Another is that the price and hope of bitcoin are not dependent on how many people are going to lose their wallets or how many people are going to age and leave the earth. Without any of the mentioned factors happening, bitcoin still has the potential to achieve a new milestone; it's just a matter of time and an increase in global adaptation.

[JayJuanGee]

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

You are saying you made 26x and still saying I have made mistakes along the way. I mean are you even expecting more? Or what I just missed here.

I am not complaining, and I am saying that the Bitcoin portion of my investments are up right around 26x based on my use of $1k as my ballpark way of estimating my cost basis per BTC.

So yeah, the BTC portion of the investment ends up bringing up everything, everything is not up 26x, and I am not even complaining about any of this - but I am suggesting that there are likely quite a few folks who have done better in life than me in terms of their investments.

Remember, I said that on average I got around 5.5% for all of the prior more than 20 years of investing prior to getting into bitcoin investment did not really even get to that 5.5% level of returns until right around 2.5 and maybe even close to 3 years after I started in bitcoin, so let me give you some kinds of examples of mistakes, so if you consider that I brought my average cost per BTC down from $1,200 when I first started, and then it got down to about $570 per BTC in late 2014 or early 2015, and since the BTC price stayed pretty low through the whole of 2015, I am pretty sure that my average costs per BTC had gotten down to below $500 per BTC..

So, you can see that if I would have kept doing good and not making mistakes, then my average cost per BTC should have had gone down instead of up, and I am a bit reluctant to get into too many details in regards to how it went up so much besides some hacking SIMs swapping incident and then some having money on some exchanges that got shut down. such as BTC-e.. and there were a few other mistakes like that contributing to my cost per BTC going up, and yeah, I did not have any money in FTX, or any of those other ones Voyager, Celsius, Blockfi, 3AC, Tera Luna, GBTC, or Gemini's yield branch.  So, yeah it could have been worse, and some lessons are learned along the way, and some of the lessons are petty kinds of lessons.

Probably some of the reasons for my somewhat mediocre returns in my more than 20 years investing prior to bitcoin had to do with my choices of safety in several of my investments and my unwillingness to take too many risks, so even when i got into bitcoin, I still thought that I was taking reasonable risks, even though so many folks told me that they thought that I was crazy (some of that was contemporaneously in 2014, 2015, 2016 and some of that was after the fact (several years later)

I mean even if the buying of 1 BTC cost you around $1k at an average rate then I think that's a good buying. But still, it really matters how much BTC you have. Not asking just saying.

In recent times, I have been admitting to having at least 0.63 BTC, but in the future, I might have to change the amount of my admission.

So, yes, you are correct that the actual amount makes a difference in terms of some of the ambitions that someone has, but other things also make a difference in terms of considering how large of a BTC stash that we consider that we are going to need in order to support ourselves in terms of our expected standard of living and how we might start to draw upon our BTC stash in full or to supplement other cashflows that we might have.

So if we might feel that we need $3,333 per month in passive income, then we might need to have $1 million of net worth, and sure that networth could be in a variety of different asset classes, and I was considering creating a thread about those kinds of cashing out concerns, but I was thinking about using 21 BTC as the starting amount, and so there might be questions about how much you might be able to spend if you have 21 BTC, and there are various formulas that you could have that would potentially include spending the budgeted amount that might ONLY be between around $1k and $1,500 per month based on current formula considerations, but if the BTC price goes up then the amount that could be spent would likely go up, and there could be some replenishing of the supply or there could be some months in which you might choose to not draw a passive income from those BTC funds.

PS: and did you remember the graph which wind-fury shared, the link of which I gave you, by searching it on the google lens. I found the source to that topic, and it was not intentionally found instead I was reading some topics and one of the OP made a topic by the name of Here is a tight slap to bitcoin haters

Well, that chart was about, all the times in past when many big authorities talked bad about BTC and then BTC turn out to be a charm instead of failure. The thing is BTC really disappoints many people who believed in its failure. The real link to that source is here https://buybitcoinworldwide.com/bitcoin-is-dead/

I will put that BTC talk thread that you linked on my list of threads to look at... sometimes I have too many "threads to look at," and I end up changing priorities or sometimes removing some of them from my list... it depends on where I am at.

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, .

At 17/18 years old I was not really privileged to certain information especially those that makes one self reliant. I think it is a thing of our culture;parents will hardly allow their children around that age to leave the home to pursue their dreams. Instead, at that age range, we were occupied with how to enter the university, still under the funding of parents/guardians. So at that age, things like investing was alien to us. However, things have changed now as awareness is fast spreading globally, thanks to deeper internet penetration.

I would not exactly consider myself as being privileged because there also was not very much emphasis on the needs to go to college, so I did not end up going to college until I was already in my early 20s.. so without getting into too many details, I was largely referring to an employer that provided a basic kind of personal finances class for all employees, and I doubt that it was even very advanced but part of the way that the employer was able to provide such a class was because the company teaching the course.. maybe it was half a day or maybe it was a couple of half days spread over two weeks - was because they were trying to sell financial products and financial advising, but part of their lure into the company to get to teach the course to employees was they would teach several topics of general financial applicability and responsibility.

I remember the course because it motivated me to keep track of my cashflow and my expenses and also to put aside right around 10% of all incoming cashflow (prior to expenses).

By the way, my getting into bitcoin ended up putting quite a few different perspective on my own personal financial management but also in terms of attempting to compare various asset classes and even the role of money in society and bitcoin's relationship to some of the history of money and the history of how assets are used to store value and in areas that I had not previously considered.

Deep down there is this joy I have been experience and that is partly because I feel I am doing the right thing especially with making sure the future is secured; I have never had the fear of the future that was once a nightmare to me. Now I am more hopeful of a future that I don't have to engage in arduous work at old age.

It's not guaranteed, but there is a kind of hope and a seemingly pretty solid hedge against other kinds of problems with asset classes and the manipulation of money and including that there could be some desperate battles coming from the status quo elite (and rich.. and using/abusing their powers through the arms of governments).

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

I have learnt a lot from you and I happy I found a forum like this. A lot of things are already changing with me and very fast at that. I am taking my financial planning and investing seriously, cutting many frivolities and focusing only on needs and necessities. The transfer of knowledge and experience happening in this forum is what I will cherish as long as I live

Ultimately, you probably are able to learn because you are both in a place for learning and you are attempting to put your learnings into practice, and surely you realize that you are going to make some mistakes along the way, but there are likely ways to both hedge the mistakes and to lessen the likely impacts of mistakes once they happen.

Another thing that you may well likely find is that you may well to share some of your learnings with people you know in the real world, and some of them will seem to be receptive to what you are saying, but it may well be a lot harder to actually convince them to take action because each of us likely has to come to bitcoin at our own pace, and surely I have never really shied away from trying to help people in their bitcoin journey.. including in the real world, but sometimes it can become very frustrating including being careful NOT to get sucked into situations in which you are taking responsibility over BTC's price movements that may or may not go as expected.. either in the short term or the longer term, even though it seems to be a great place to have some kind of investment and to make sure not to be on zero, which currently is the case for the vast majority of the world's population.

[edited out]

Do we really need the use of ChatGPT in telling bus the possible experience we are likely to have from the bitcoin market price to either go dip or more bull, some have seen the recent $25,800 it tasted as a mean to go more dip while some are closely observing the chart and weekly candles for more possibilities that may come forth from this same recent experience, knowing well that we are aiming at seing the market pumping but not going the way we expected is not a yardstick to doubt about what can come up anytime from now, this is cryptocurrency bitcoin and we cannot fully predict the outcome of what comes in next on a volatile currency like bitcoin, this call for more expectations for bull as we are fast approaching the Halving.

FTFY

Fuck shitcoins.

[Litzki1990]

Doubts and fears are very natural, and it is the nature of every human being. It is not a problem as long as we do not fall into that fear or doubt and make us never move to start collecting bitcoins in our portfolio.

It is interesting to read your words regarding "I believe that no time is wrong for an entry point to accumulation some Bitcoin" because even if that is true then an investor who buys bitcoin must hold it longer, unlike when they buy during a price decline. For example someone who buys when bitcoin hits the last ATH, then how long does it take them to be able to turn their portfolio into a profit? here requires a very strong mentality to be patient to hold it, because if not then they will be frustrated and sell it at a much cheaper price.
Not everyone can do that, especially if they're someone who doesn't have a lot of patience.

All trader ever in position doubt and fear when investing their money in bitcoin or altcoin exactly facing moment with price dropped drastically, its nature of human being how to face with their investment happening later drop or not. But don't give up for accumulating and buying bitcoin how many possibility based on our financial having. Bitcoin and altcoin trader have strong mentality and more patience facing bad moment when bitcoin drop and keep continues reinvesting if their target with long term investment. Don't give up when looking current Bitcoin or altcoin have lower price but take it as very good opportunity by accumulating as much possible not only with bitcoin but also some potential altcoin worth for long term holding.

Without meaning to say your point of view is wrong, but I don't think it applies to altcoins, precisely to all altcoins. Whereas here you don't mention specifically which altcoin you are referring to. I think bitcoin is a very promising asset for us to hold for a very long time, while for altcoins I prefer to use it as my short-term investment. BNB and ETH for example, well for these 2 altcoins I might hold them longer, but for other altcoins I don't think I will hold them for a long time. Instead of holding it for a long time, I prefer to invest short-term and when I get a profit I will immediately sell it and allocate it to buy additional bitcoin to increase the money I have allocated before.

Our main purpose of investing is to make profit, if after investing we get profit then why should I hold the investment unnecessarily for a long time. Our aim should never be to hold the investment for a long time whether we make a profit or a loss by investing. We should have fixed target in investment rather than planning that if I get this amount of profit I will sell my investment. Bitcoin Ethereum or BNB No matter which coin we invest in our main investment goal is to earn profit if we think that investing in ALT coin can earn more profit in relatively less time compared to Bitcoin investment then investing in ALT coin  I think it would be a good decision to make.

[JayJuanGee]

[edited out]

Our main purpose of investing is to make profit, if after investing we get profit then why should I hold the investment unnecessarily for a long time. Our aim should never be to hold the investment for a long time whether we make a profit or a loss by investing. We should have fixed target in investment rather than planning that if I get this amount of profit I will sell my investment. Bitcoin Ethereum or BNB No matter which coin we invest in our main investment goal is to earn profit if we think that investing in ALT coin can earn more profit in relatively less time compared to Bitcoin investment then investing in ALT coin  I think it would be a good decision to make.

I think that you are lost or in the wrong thread, Litzki1990..   both in regards to your talking about shitcoins and also in regards towards being concerned about selling BTC (or when to sell)...

Sure people might establish bitcoin portfolio management or even bitcoin accumulation practices that involve selling, but we are not talking about those topics or those kinds of practices in this thread - except incidentally rather than the main thrust of the thread, which seems to be the way that you want to talk about the topic - which seems to be in the wrong thread and contrary to the topic of the thread, and you can go talk about trading techniques and even techniques that involve selling BTC in other threads because if you are trying delve into that crap here, then you are diverting from the main focus of this thread, even though you seem to disagree with the idea of long term investing.. so likely this thread is not for you... unless you can figure out or define whatever you happen to be talking about (or promoting) in a way that seems to fit within the topic of this thread rather than your seemingly off-topicness.

[YUriy1991]

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.

Although that's just a prediction made by GPT Chat with a special prompt made by @2Pizza410000BTC and the search results say after being regenerated from various reliable sources where the price of BTC is predicted to reach $ 50K-$ 150K and it can happen and it is most likely to happen though Of course it takes process.

Yes. New cryptos are born almost every day, following their lectures on YouTube, about coin A and coin B and coin C is good and worth investing in. Well, there's one thing that we didn't know until now, namely the Big Exchage Owners, Their Eyes are only focused and fixed on one thing, namely Buy and Collect as much BTC as possible and nothing else even though there are many other coins that are worthy and deserve to be taken too . That should also be a motivation for those of us here who have some reserve funds that don't interfere with our daily expenses for us to invest even in installments (DCA).

[mehmetosman89]

Yes. New cryptos are born almost every day, following their lectures on YouTube, about coin A and coin B and coin C is good and worth investing in. Well, there's one thing that we didn't know until now, namely the Big Exchage Owners, Their Eyes are only focused and fixed on one thing, namely Buy and Collect as much BTC as possible and nothing else even though there are many other coins that are worthy and deserve to be taken too . That should also be a motivation for those of us here who have some reserve funds that don't interfere with our daily expenses for us to invest even in installments (DCA).

Most rich people like certain exchange owners will not see more other coins if owning Bitcoin and the coins they develop themselves are enough to make a profit in their life. Exchange owners will be more than happy to continue receiving commissions or fees from their own exchange services rather than having to buy new coins which are generally still not as good as Bitcoin.

So exchange owners won't see more coins as a good option although it wouldn't be bad if they want to be used as an additional option for investment, but as I said, that if they have had enough of investing in Bitcoin and also in coins that they develop themselves, I don't think they will be very interested in other people's coins even though the coins are already in their own exchange. And for now I still haven't found a better coin than Bitcoin, especially if it's a new coin that was born this year.

[khiholangkang]

Yes. New cryptos are born almost every day, following their lectures on YouTube, about coin A and coin B and coin C is good and worth investing in. Well, there's one thing that we didn't know until now, namely the Big Exchage Owners, Their Eyes are only focused and fixed on one thing, namely Buy and Collect as much BTC as possible and nothing else even though there are many other coins that are worthy and deserve to be taken too . That should also be a motivation for those of us here who have some reserve funds that don't interfere with our daily expenses for us to invest even in installments (DCA).

Most rich people like certain exchange owners will not see more other coins if owning Bitcoin and the coins they develop themselves are enough to make a profit in their life. Exchange owners will be more than happy to continue receiving commissions or fees from their own exchange services rather than having to buy new coins which are generally still not as good as Bitcoin.

So exchange owners won't see more coins as a good option although it wouldn't be bad if they want to be used as an additional option for investment, but as I said, that if they have had enough of investing in Bitcoin and also in coins that they develop themselves, I don't think they will be very interested in other people's coins even though the coins are already in their own exchange. And for now I still haven't found a better coin than Bitcoin, especially if it's a new coin that was born this year.

Basically the owner of the exchange owns bitcoin but to trade it to investors or retail traders, indirectly he also invests in bitcoin but also uses it to get more money than gas fees, but on average they are neutral.

Why do we have to discuss other coins here, as far as I know, this is the place to discuss bitcoin and buying strategies. And yes, a little bit saturated with the state of the market, the sentiment turned more negative, I think my DCA will be continued at the end of this month, I hope to get a cheap price.

[Roseline492]

Doubts and fears are very natural, and it is the nature of every human being. It is not a problem as long as we do not fall into that fear or doubt and make us never move to start collecting bitcoins in our portfolio.

It is interesting to read your words regarding "I believe that no time is wrong for an entry point to accumulation some Bitcoin" because even if that is true then an investor who buys bitcoin must hold it longer, unlike when they buy during a price decline. For example someone who buys when bitcoin hits the last ATH, then how long does it take them to be able to turn their portfolio into a profit? here requires a very strong mentality to be patient to hold it, because if not then they will be frustrated and sell it at a much cheaper price.
Not everyone can do that, especially if they're someone who doesn't have a lot of patience.

All trader ever in position doubt and fear when investing their money in bitcoin or altcoin exactly facing moment with price dropped drastically, its nature of human being how to face with their investment happening later drop or not. But don't give up for accumulating and buying bitcoin how many possibility based on our financial having. Bitcoin and altcoin trader have strong mentality and more patience facing bad moment when bitcoin drop and keep continues reinvesting if their target with long term investment. Don't give up when looking current Bitcoin or altcoin have lower price but take it as very good opportunity by accumulating as much possible not only with bitcoin but also some potential altcoin worth for long term holding.

Without meaning to say your point of view is wrong, but I don't think it applies to altcoins, precisely to all altcoins. Whereas here you don't mention specifically which altcoin you are referring to. I think bitcoin is a very promising asset for us to hold for a very long time, while for altcoins I prefer to use it as my short-term investment. BNB and ETH for example, well for these 2 altcoins I might hold them longer, but for other altcoins I don't think I will hold them for a long time. Instead of holding it for a long time, I prefer to invest short-term and when I get a profit I will immediately sell it and allocate it to buy additional bitcoin to increase the money I have allocated before.

Our main purpose of investing is to make profit, if after investing we get profit then why should I hold the investment unnecessarily for a long time. Our aim should never be to hold the investment for a long time whether we make a profit or a loss by investing. We should have fixed target in investment rather than planning that if I get this amount of profit I will sell my investment. Bitcoin Ethereum or BNB No matter which coin we invest in our main investment goal is to earn profit if we think that investing in ALT coin can earn more profit in relatively less time compared to Bitcoin investment then investing in ALT coin  I think it would be a good decision to make.

Our major goal is for profit making  holding or not holding is optional and self decision, but I disagree with you on the aspect you mentioned Our aim should never be to hold the investment for a long time whether we make a profit or a loss by investing. do you mean that you will close your investment if your loosing? Let's say for instance you bought $2k Bitcoin at a certain price and unfortunately Bitcoin drops a bit leaving you with $1k at the current price, are you saying you will close the investment with lost? I may not have enough knowledge to advise but reasoning as a business man I cannot exit my investment if I'm loosing on less you are not sure of the crypto you invested but if is Bitcoin is certain that it will bounce back.

[red4slash]

Our main purpose of investing is to make profit, if after investing we get profit then why should I hold the investment unnecessarily for a long time. Our aim should never be to hold the investment for a long time whether we make a profit or a loss by investing. We should have fixed target in investment rather than planning that if I get this amount of profit I will sell my investment. Bitcoin Ethereum or BNB No matter which coin we invest in our main investment goal is to earn profit if we think that investing in ALT coin can earn more profit in relatively less time compared to Bitcoin investment then investing in ALT coin  I think it would be a good decision to make.

Wait a minute, what exactly are you talking about here. While I agree that our main goal in investing is profit, I disagree with you when you say that we should not hold our investments for a long time. I am saying that we should maximize all the potential that is here, including in profits, therefore we should be able to hold for a long time. We must learn from the past, when there were many regrets. Although their regrets are not because they lost money, but they could not maximize the opportunities that they should have benefited from.
I will not blame your opinion on altcoins and bitcoins, because that is entirely your right, and it seems that this is not a suitable place for you, as Mr. @JayJuanGee said.

[Bitcoin_people]

We have seen massive changes in the Bitcoin market and it has changed tremendously over the ages. If we look at Bitcoin halvings, we can see that every four years Bitcoin halves and then its price becomes a bull market. We have seen from 2011 to 2021, a total of three Bitcoin halvings and each time the Bitcoin market went higher during that period. When this Bitcoin halving happened then that bull market was seen as in 2013 the market hit one high, and in 2017 and 2021 came the new Bitcoin records. But we are waiting for the fourth halving which will basically be seen in 2024 and that is when the Bitcoin market is likely to go higher. If the Bitcoin market halves in 2024 then the Bitcoin market will make a new history and peak in early 2025. We have seen so many people have negative comments about bitcoin till now but the research of those people was never correct rather bitcoin managed to go from low level to high level again. In that case we have trust and faith in Bitcoin, many experts have predicted that the Bitcoin market will take a good position going into 2025. And so we should buy and hold Bitcoins before the Bitcoin market halving and when it reaches the highs we can expect good amount of profit.

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