Buy the DIP, and HODL!

[Hewlet]

The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?

The market price of Bitcoin is currently $109,000 and above. But yes, if all these big companies invest, the price of Bitcoin may increase. Because there are many people who do not do their own research, they rely on others. For example, if a big person or big company invests in a place, they also invest there. They think that these big companies are investing, it means that they are investing because they will benefit from it. But

certainly no big company invest in anything that they have not done thorough research on and found it to be profitable. it is the reason why institutions and whales keeps joining bitcoin because they understand that bitcoin is an asset that is worth being invested into. as an investor, you have to also do this analysis and but that is not just enough for you to be profitable in your investment for the long run.

you don't have to base your investment decision on just when big institution comes into the system and then you invest at that time and when you think some big companies are exiting the system you also think of running out. that kind of approach is a traders mindset that is just after short term profit and not an approach that stands to be profitable in the long run. for the sake of having good profit as an investor in the long run, the approach should be that you are buying even when the market seems very much uncomfortable. it has to be that you are buying both at the DIP and also at the time that the market is doing extremely well. in the process, you are able to build your portfolio into something that is big in the long run.

it is not ideal to compare your investment strategy with that of big investors or whales that are already doing well knowing fully well that the resources that the majority of them have to invest is something that you might not have access to.

It is never right to depend on anyone for investment. Always do your own research and then invest. Bitcoin is the best investment for investing in digital currency. If you invest by relying on someone, then you can get cheated in many cases, so always depend on yourself.

investment is a personal journey. the strategy might be similar to an extent but that being said, the fact that each investor has different degree of availability of resources makes it practically difficult to make your investment based on a third parties approach.

[Spaceman1000$]

The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?

Of course there have been some encouraging adoption of Bitcoin across strategic companies and firms, is a good one when I hear about the state of Arizona recognizing Bitcoin by creating a digital reserve system, but I think the reserve will basically do the bidding of the state by having unclaimed Bitcoin and other cryptocurrency asset that has not been claimed by any individual for number of years to be been pushed to the state reserve. However at no point have i seen anywhere that is categorically stated that the state of Arizona will suppose purchase cryptocurrency particularly Bitcoin annually or quarterly with an assigned budgetary allocation for it for so and so period of time. So for me is more like a smoke screen by the state to inversely take possession of those assets as they are interested in keeping it till the value grows before they can sell, so they are really not investing in Bitcoin but using state powers to take charge of what ordinarily might not really be their own. More so, you can do well to check the current price of Bitcoin as it is above 100k at the moment.

[Ricardo11]

The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?

The acceptance of Bitcoin will continue to grow like this, companies are trying to increase their holdings as much as possible, and everyone is constantly becoming more and more interested in Bitcoin, and many countries are now showing interest in investing in Bitcoin, and all in all, the popularity of Bitcoin is never decreasing but is constantly increasing, so the price of Bitcoin has the potential to be very huge in the long term, Bitcoin's potential is always on the upside, so we also have to accumulate Bitcoin with a long-term mindset, and we can maybe see a good pumping by the end of this year. BTW I think you meant $200K in the last line, because Bitcoin is already at $108K+.

[Jostern]

I totally agree with you and also that is why i always advise that is never too late now to start buying aggressively than to regret later all in the name of waiting for the dip to comes, yet the dip has not come, the best options and advise that i will give to any investors is that, preventlly your discretionary income are ever ready for you to invest and you yet to buy aggressively, is really wasting time and money, and since Bitcoin is volatile we need take any chances we have to buy as we can, that should be our focus right now.

Buying aggressively must be with careful calculation, I agree that it is never too late to enter Bitcoin, especially to invest in the future, but I do not recommend buying aggressively without calculation.
It would be better if we apply a strategy and do it consistently, the DCA strategy may be the best option if we want to invest in Bitcoin in the long term because if we look at the history in the past, I think all of us here have no doubt that the same thing will happen again in the future.

It makes a lot of sense to buy and accumulate Bitcoin either gradually whichever way you seems to do it aggressively when you have the opportunity to accumulate more Bitcoin, but I must say that I'm a bit confused with your statement that we've to accumulate or buying aggressively with a careful calculation.
It is wise to accumulate Bitcoin aggressively when we've an opportunity of having an dip in the price of Bitcoin, and also when we can boost of more financial aids and more discretionary income comparing to what we usually have to accumulate still we can accumulate and buy aggressively when we have an extra discretionary funds to accumulate Bitcoin, we cannot decide to accumulate aggressively with money that is meant for expenses that would be more like gambling catastrophic with our investment and it will definitely jeopardize our portfolio. Financial management is quite important in terms of planning to increase your accumulation and buy aggressively but we should also accumulate aggressively Wisely not to go beyond our discretionary income.

[SmartCharpa]

The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?

You made some good points. More places and companies are beginning to accept Bitcoin, which will help it grow more in the future. But, to be honest, no one can predict if Bitcoin will reach any amount in the next six to twelve months because the current price is around $109k, perhaps you don't know much about Bitcoin. The price changes always, and anything can happen. That is why it is important to do your own research instead of relying only on what others say or hoping for higher prices. Everyone has their own plans, and what works for you may not work for someone.

Long term holding is important in Bitcoin investment since it reduces fear and allows your investment to grow gradually. However, you have to be ready and not worry when the price changes. I believe in Bitcoin, but we have to be very careful and make sure we understand what we are doing before making any decisions.

[Silikiem]

It should be noted that I am not saying that buying strategies are not important. However, I am saying that all buying strategies are the same (good) if the funds used to invest in bitcoin are discretionary income.

On the contrary not all buying strategy are good, you spoke of lump sum strategy and DCA accumulating strategy, but you never spoke of dip buying, and I can confidently say that those investors that focus only on dip buying aren't doing it the right way, because by waiting for the dip they are going to miss a whole lot of buying opportunities that may present itself in the market, so it's not a good strategy.
The best way to invest is to use either the DCA accumulating strategy or the lumps sum strategy, then if their is a dip in the market, you may decide to buy aggressively then, only if you have the reserve funds to do so, but waiting for the dip only as a strategy is a terrible way to invest in Bitcoin.

Fair enough, i quite agree with you when you say that those investors who focus only on dip buying aren’t doing it the right way, but that doesn’t mean that it is a bad idea to buy in the dip especially when the opportunity to do so presents itself.  buying in the dip is not overly a bad market buying,  but where it is bad is when an investor whose initial strategy is on the long term goal of accumulating and holding always wait until When it is dip before he or she starts accumulating. Don’t get me wrong, I’m not in support of waiting to buy only in the dip, it’s just that I’m not writing off dip buying when the opportunity presents itself. Which ever strategy employed by an investor, the most important thing is that it is pertinent you invest with not more than what you can’t afford to lose, and that’s why is advisable to always invest with your discretionary income. And as long as you’re accumulating and hold for the long term goal of investing, without trading for a quick gains, or you’re not panicking to sell whenever you notice a downturn in the market, and also being consistent with your accumulation and hold for the long term goal, then I think you’re on the right track.

[JayJuanGee]

[edited out]

There is absolutely no essence of taunting those awkward mentality of enthusiasts or not. We who even feel bitcoin pro today had got some lapses which has contributed to our late realization that non of those skeptics of us about bitcoin was true. Then we developed that positive mindset that has brought us up this far.
I personally recently brought someone to this space after after several attempts of explaining things out. She was of one excuse to another.

First she said she does not have enough to invest when she said the price of one bitcoin and I tried to explain to her that she can buy as she can just afford. I also told her about the Dca accumulating strategy which can help her acquire as much as she think it is her target on regular buying. The had no other option than to say the current price is too high so she have to wait to buy at the Dip and even when the price falls she claims she want a more Dip
Then I figured she is neither not serious. So I moved on without trying to convince her. After on she came with an equivalent of $300 in my local currency and asked if she can for a start some worth of that. That was how she came in to the industry and today she is comfortably buying on a regular without undermining the price.
So if anyone must be taunted, it should be those who knows the truth but are full of excuses with the Price being too high.

Of course people have to come to bitcoin at their own pace, yet sometimes they don't know about bitcoin, and frequently they don't know what they don't know.

So those of us who know about bitcoin can potentially help people to learn about bitcoin, yet sometimes many of us might not know enough about bitcoin to really teach about it, yet we can attempt to share what we think we know.

I frequently suggest that people get started with bitcoin and just figure out some small part of their budget to start to buy bitcoin, and even if it is only a small part of their budget, then they still would likely be motivated to learn more about bitcoin if they start buying it.  Of course, people have all kind fo things in life that keep them busy and that they might be learning about things but also they may well be merely carrying out their daily activities to survive, so frequently it can be difficult for people to add a new thing into both their activities and what they might start to become aware of their need to know more about it.  

People are also free to decide that they don't need to know about bitcoin and/or that they don't want to know about bitcoin or to get involved in it, and that is their choice, too.  Surely many normal people know superficial things about money, so there are some thoughts that they might want to know about a better money (ie bitcoin), but then the combination of money and technology can become more scary for people, even if the world is becoming more and more technologically aware.

[edited out]

You should not be trying to model your own bitcoin accumulation behavior, your portfolio management and/or your cashflow management on whatever MSTR and/or Saylor is doing, since they are using other  people's money to buy more and more and more bitcoin. They are an aberration in terms of their desires to potentially overly hoard bitcoin, and gthey have been doing that since the beginning with their first BTC purchases in August 2020 using something like 75% of their then cash balances, which even that is a bit aggressive for a regular person, but they had something like $10 million per month cashflow when they first started buying bitcoin and they were profitable.. at least somewhat profitable whatever they were doing in terms of selling software and services.

Nothing wrong with considering aggressively buying bitcoin based on being influenced by MSTR and/or Saylor, but you still have to moderate your investment within your discretionary income and your cashflows and you also have to make sure that you do not over do it.

For many normal people, even investing something like 25% of your income into bitcoin, it will take you 4 years to invest a whole year's income into bitcoin, and that might not even get you to a status of overaccumulation, depending on your own goals and definition of what you consider to be overaccumulation...and then how you might consider to adapt what you are doing based on having had reached overaccumualtion status.

Really absorbing how one can assume that their bitcoin investment portfolio is over accumulated and yet still chasing other sources to increase their financial portfolios.
There is every need to diversify but that is vision as when we don't want to sell our bitcoin at any moment yet and not because we have accumulated excessively.

First:  You had messed up some of your earlier quotes which appear to have had been attributed to Wind_FURY rather than me.. but I fixed at least my portion of the attribution.

Second: A person does not need to sell one asset for another in order to diversify.  Selling one asset for another is reallocating.  People frequently will diversify to preserve wealth rather than to build wealth, even though surely there are folks who think of diversifying in order to build wealth, which from my point of view seems like a gambling mentality... especially if any of us might have had already identified bitcoin as amongst the best, if not the best place to put value.. and so also from that assessment of bitcoin being a good or great place to put value it is likely best for anyone to focus on getting their bitcoin accumulation approach in order first before worrying about other places to put value.. and surely, we accomplish the basics of investing through also being aware of our cashflow management systems and practices and potentially building those to supplement any of our abilities to focus on building our bitcoin holdings.  

So any actual need to start to consider diversifying beyond bitcoin and cash might come later down the road, after the bitcoin holdings have had some time to build up.  There is no need to sell bitcoin to diversify, especially if a person considers themselves to still be accumulating bitcoin, and from my point of view it becomes difficult to presume anyone has reached over accumulation status with their bitcoin, since it could take a while to reach that status, even for someone who might have had been accumulating bitcoin for a whole cycle or more.

Sure of course, there are some folks who come to bitcoin and they already have some variety of investments, and they could decide to get involved in bitcoin and 1) continue adding value to their other investments while buying bitcoin, 2) stop adding to their other investments and just buy bitcoin and/or 3) sell some or all of their other investments and buy bitcoin with the proceeds.  Any of the above approaches could make sense, depending on a person's situation, even though frequently people (especially those investment minded) might be reluctant to sell investments that they have already accumulated.

Of course I concur that there is sometimes accumulating limit that is basically depends on our discretionary income. But it is sure that there is no amount of money that is said to be more than enough for human because we all still dream to buy and live those luxuries.

Are you presuming that people are not able to construct satisfaction to live within their means and to be content with what they have?  Which, if you believe that, then you may well believe that overaccumulation status might not be a proper way of framing what people might be trying to achieve.

Surely, I don't operate with those kinds of presumptions, since I think that there are ways of categorizing goals as getting to a status of enough or more than enough..  There also might be some truth to the assertion that folks are going to be inclined towards spending from money that loses value first before spending from money that gains more value, and they also may well be inclined to engage in activities in order to gain value, whether trading goods and services or otherwise, but if they have enough money, then they might not be incentivized to make more money, even though they still might be inclined to spend their money in efficient ways, and surely one of the interesting aspects of bitcoin (or any investment that is gaining in value with the passage of time) is that bitcoin may be gaining in value with the passage of time in greater and larger amounts than other assets, so we are likely inclined to spend from the less valuable assets and currencies (other than bitcoin) before spending from the more valuable assets (bitcoin at the top).. so then if we reach overaccumulation status, then it could well be the case that our bitcoin is growing in value faster than we are able to spend from it.

So, I still think there is no over accumulation in ones bitcoin portfolio. We just can not do more than we can afford. That is all.

I have given examples of overaccumulation in the past, yet you still want to insist that overaccumulation is not possible?  You seem to be struggling with the concept of overaccumulation, and sure it could be possible if you set your goals overly high (and unrealistically high), then you will never achieve them.

I will agree with any assertion that there are a lot of people in this world who work their whole lives, and they never reach a point that they can stop working, which may be partially due to their inability to generate enough discretionary income to be able to invest and/or to build wealth.  So, yeah, if you have quite low discretionary income than it can take a long time to make progress, and even investing into bitcoin might be difficult to measure progress if the amount that you are putting into bitcoin  is so low that it becomes hard to measure the progress.  Yet, I would still suggest that even putting less than 5% or even less than 1% of your income into bitcoin will likely show progress after 4-10 years or more, and yeah investing into bitcoin does not guarantee results and even if a person might be investing into bitcoin for their whole lives, there may be a point in which they transition from accumulating bitcoin and into selling their bitcoin, and even if they had not accumulated a lot of bitcoin over the years, they still may have ended up being in a better financial/psychological position from having had accumulating bitcoin as compared with if they had not accumulated bitcoin .. and of course, even poor people have to protect their coins so that they don't lose them.

The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?

If you are new to bitcoin, you should just be buying regularly for 4-10 years and beyond rather than waiting for dips that may or may not happen.  Sure, you can have some extra money on the side for buying possible dips, but you may well be just wasting that money if you are holding too much on the side for dips that may or may not happen.

In bitcoin's relatively short history (of 16 years or so and perhaps only 14 years with some kind of a market price), we have all kinds of examples of guys waiting for dips that did not end up happening, and opportunities lost based on waiting.  There is no reason to believe that bitcoin's investment thesis is getting weaker, even though the upward price curve might be becoming less steep with the passage of time.

[Republikcoin.com]

Do you think Bitcoin can reach $100k in the next six to twelve months?

The acceptance of Bitcoin will continue to grow like this, companies are trying to increase their holdings as much as possible, and everyone is constantly becoming more and more interested in Bitcoin, and many countries are now showing interest in investing in Bitcoin, and all in all, the popularity of Bitcoin is never decreasing but is constantly increasing, so the price of Bitcoin has the potential to be very huge in the long term, Bitcoin's potential is always on the upside, so we also have to accumulate Bitcoin with a long-term mindset, and we can maybe see a good pumping by the end of this year. BTW I think you meant $200K in the last line, because Bitcoin is already at $108K+.

The price of $200K for Bitcoin is indeed not an impossible price to achieve if we look at the growth of Bitcoin holders for now where several countries, companies and also rich people who already have Bitcoin and are still considering buying it periodically. So the potential for Bitcoin price growth can be very real and it cannot be denied because what we have seen so far in Bitcoin is also a process that has become real and has never been imagined by some people. Although for now, that price may still seem quite high and it will still take time for Bitcoin to reach that level.

But when the price increase stage which is also marked by price corrections continues to occur without stopping, I think that price level could become real even though not for this year. However, I am sure that the increase in Bitcoin holders that can continue to grow every year will be able to trigger a sustainable price increase for Bitcoin.

[Cryptohygenic]

[edited out]

There is absolutely no essence of taunting those awkward mentality of enthusiasts or not. We who even feel bitcoin pro today had got some lapses which has contributed to our late realization that non of those skeptics of us about bitcoin was true. Then we developed that positive mindset that has brought us up this far.
I personally recently brought someone to this space after after several attempts of explaining things out. She was of one excuse to another.

First she said she does not have enough to invest when she said the price of one bitcoin and I tried to explain to her that she can buy as she can just afford. I also told her about the Dca accumulating strategy which can help her acquire as much as she think it is her target on regular buying. The had no other option than to say the current price is too high so she have to wait to buy at the Dip and even when the price falls she claims she want a more Dip
Then I figured she is neither not serious. So I moved on without trying to convince her. After on she came with an equivalent of $300 in my local currency and asked if she can for a start some worth of that. That was how she came in to the industry and today she is comfortably buying on a regular without undermining the price.
So if anyone must be taunted, it should be those who knows the truth but are full of excuses with the Price being too high.

Of course people have to come to bitcoin at their own pace, yet sometimes they don't know about bitcoin, and frequently they don't know what they don't know.

So those of us who know about bitcoin can potentially help people to learn about bitcoin, yet sometimes many of us might not know enough about bitcoin to really teach about it, yet we can attempt to share what we think we know.

I frequently suggest that people get started with bitcoin and just figure out some small part of their budget to start to buy bitcoin, and even if it is only a small part of their budget, then they still would likely be motivated to learn more about bitcoin if they start buying it.  Of course, people have all kind fo things in life that keep them busy and that they might be learning about things but also they may well be merely carrying out their daily activities to survive, so frequently it can be difficult for people to add a new thing into both their activities and what they might start to become aware of their need to know more about it.  

People are also free to decide that they don't need to know about bitcoin and/or that they don't want to know about bitcoin or to get involved in it, and that is their choice, too.  Surely many normal people know superficial things about money, so there are some thoughts that they might want to know about a better money (ie bitcoin), but then the combination of money and technology can become more scary for people, even if the world is becoming more and more technologically aware.

Everyone do also have the right to decide when to develop interest on investing in bitcoin. Some may have acquired some basic knowledges while some maybe of zero knowledge While setting up their pace to understand and cope with the system.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

[Bluedrem]

Everyone do also have the right to decide when to develop interest on investing in bitcoin. Some may have acquired some basic knowledges while some maybe of zero knowledge While setting up their pace to understand and cope with the system.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

You don't need to have a lot of experience to invest in Bitcoin.
If you have full confidence in Bitcoin and a little technical knowledge (how to buy Bitcoin and where to store it). And if you can mentally control the pressure of price fluctuations, then you can invest in Bitcoin right now. I'm not telling you to invest a lot of money in Bitcoin at the same time. Yes, if you have a discretionary amount, you can invest some money in Bitcoin right now. By investing little by little, you will gain experience and your Bitcoin portfolio will also grow.

[Sonia_123]

[edited out]

There is absolutely no essence of taunting those awkward mentality of enthusiasts or not. We who even feel bitcoin pro today had got some lapses which has contributed to our late realization that non of those skeptics of us about bitcoin was true. Then we developed that positive mindset that has brought us up this far.
I personally recently brought someone to this space after after several attempts of explaining things out. She was of one excuse to another.

First she said she does not have enough to invest when she said the price of one bitcoin and I tried to explain to her that she can buy as she can just afford. I also told her about the Dca accumulating strategy which can help her acquire as much as she think it is her target on regular buying. The had no other option than to say the current price is too high so she have to wait to buy at the Dip and even when the price falls she claims she want a more Dip
Then I figured she is neither not serious. So I moved on without trying to convince her. After on she came with an equivalent of $300 in my local currency and asked if she can for a start some worth of that. That was how she came in to the industry and today she is comfortably buying on a regular without undermining the price.
So if anyone must be taunted, it should be those who knows the truth but are full of excuses with the Price being too high.

Of course people have to come to bitcoin at their own pace, yet sometimes they don't know about bitcoin, and frequently they don't know what they don't know.

So those of us who know about bitcoin can potentially help people to learn about bitcoin, yet sometimes many of us might not know enough about bitcoin to really teach about it, yet we can attempt to share what we think we know.

I frequently suggest that people get started with bitcoin and just figure out some small part of their budget to start to buy bitcoin, and even if it is only a small part of their budget, then they still would likely be motivated to learn more about bitcoin if they start buying it.  Of course, people have all kind fo things in life that keep them busy and that they might be learning about things but also they may well be merely carrying out their daily activities to survive, so frequently it can be difficult for people to add a new thing into both their activities and what they might start to become aware of their need to know more about it.  

People are also free to decide that they don't need to know about bitcoin and/or that they don't want to know about bitcoin or to get involved in it, and that is their choice, too.  Surely many normal people know superficial things about money, so there are some thoughts that they might want to know about a better money (ie bitcoin), but then the combination of money and technology can become more scary for people, even if the world is becoming more and more technologically aware.

Everyone do also have the right to decide when to develop interest on investing in bitcoin. Some may have acquired some basic knowledges while some maybe of zero knowledge While setting up their pace to understand and cope with the system.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

You are not being forced to accept anyone's decision, in as much as nobody is investing for you or you are not using anyone fund to invest.
The best way/ method that is more easier for you is what JJG is saying according to JJG
"Of course people have to come to bitcoin at their own pace, yet sometimes they don't know about bitcoin, and frequently they don't know what they don't know.

I frequently suggest that people get started with bitcoin and just figure out some small part of their budget to start to buy bitcoin, and even if it is only a small part of their budget, then they still would likely be motivated to learn more about bitcoin if they start buying it.  Of course, people have all kind fo things in life that keep them busy and that they might be learning about things but also they may well be merely carrying out their daily activities to survive, so frequently it can be difficult for people to add a new thing into both their activities and what they might start to become aware of their need to know more about it.

People are also free to decide that they don't need to know about bitcoin and/or that they don't want to know about bitcoin or to get involved in it, and that is their choice, too."
He is only making us to understand how Bitcoin works and the steps we can take to be a successful Bitcoin owner, since he is well experienced and knowledgeable in Bitcoin, therefore everyone is free to accept what he wants to.

[Stormisover]

[edited out]

There is absolutely no essence of taunting those awkward mentality of enthusiasts or not. We who even feel bitcoin pro today had got some lapses which has contributed to our late realization that non of those skeptics of us about bitcoin was true. Then we developed that positive mindset that has brought us up this far.
I personally recently brought someone to this space after after several attempts of explaining things out. She was of one excuse to another.

First she said she does not have enough to invest when she said the price of one bitcoin and I tried to explain to her that she can buy as she can just afford. I also told her about the Dca accumulating strategy which can help her acquire as much as she think it is her target on regular buying. The had no other option than to say the current price is too high so she have to wait to buy at the Dip and even when the price falls she claims she want a more Dip
Then I figured she is neither not serious. So I moved on without trying to convince her. After on she came with an equivalent of $300 in my local currency and asked if she can for a start some worth of that. That was how she came in to the industry and today she is comfortably buying on a regular without undermining the price.
So if anyone must be taunted, it should be those who knows the truth but are full of excuses with the Price being too high.

Of course people have to come to bitcoin at their own pace, yet sometimes they don't know about bitcoin, and frequently they don't know what they don't know.

So those of us who know about bitcoin can potentially help people to learn about bitcoin, yet sometimes many of us might not know enough about bitcoin to really teach about it, yet we can attempt to share what we think we know.

I frequently suggest that people get started with bitcoin and just figure out some small part of their budget to start to buy bitcoin, and even if it is only a small part of their budget, then they still would likely be motivated to learn more about bitcoin if they start buying it.  Of course, people have all kind fo things in life that keep them busy and that they might be learning about things but also they may well be merely carrying out their daily activities to survive, so frequently it can be difficult for people to add a new thing into both their activities and what they might start to become aware of their need to know more about it.  

People are also free to decide that they don't need to know about bitcoin and/or that they don't want to know about bitcoin or to get involved in it, and that is their choice, too.  Surely many normal people know superficial things about money, so there are some thoughts that they might want to know about a better money (ie bitcoin), but then the combination of money and technology can become more scary for people, even if the world is becoming more and more technologically aware.

Everyone do also have the right to decide when to develop interest on investing in bitcoin. Some may have acquired some basic knowledges while some maybe of zero knowledge While setting up their pace to understand and cope with the system.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

It is completely a free space where anyone can do whatever they like and also being responsible for their actions and inaction including investment decisions and consequences, clearing of doubts can not occur just within a space of time so I could just say that those that have acquired the basic knowledge which is very important can gradually be making out clearing their doubts just as jayjuanGee will rightly say that doubts should result in a modification of their position size to suit their doubts, many will decide not to invest because of their doubts which can make them to be procrastinating, at this point the DCA strategy can come in to play where they can invest with a small amounts as they are learning the system and can increase the amount later as they learn more and clearing their doubts.

[Ryu_Ar1]

If they don't want to be called stupid then they should start learning bitcoin from the basics before saying it's expensive.
Because after all those who say it's expensive only see from the outside but don't want to get to know more about what bitcoin is and I think stupid words are also concrete in this case because they talk but don't understand what they are talking about.

They are only focused on the value they have and how to think about how to profit in a short time which is impossible with the current value, therefore they consider bitcoin too expensive. But if they already know how bitcoin works including by collecting (buying) then they will not talk carelessly because they realize that saying bitcoin is expensive is a mistake.

There continues to be value in being humble.. and surely none of us really know if bitcoin is cheap or expensive, and surely there are some possible scenarios in which bitcoin never gets cheaper than it currently is, so surely any no coiners or low coiners are not prepared for the bitcoin price to go up, especially if they don't have any bitcoin.

Another thing is that it can take 4-10 years or more to just establish a meaningful bitcoin position and/or to spend time learning about bitcoin can take a decently long time, even for people who are quite smart.

That can be true but in the end in this condition we must be aware, especially by looking at your statement where it takes a long time to build a position in bitcoin to be fully confident, so in the end the initial conclusions about expensive or cheap bitcoin should not apply because we are still in the introduction to bitcoin.
So it will not be very suitable if we have only been in bitcoin for a few days / a few months or the rough term is just exploring the feet in bitcoin already thinks that this is too expensive to buy because in the end when we realize the understanding to continue to learn bitcoin and when we know the risks that will be faced then of course the assumption of expensive or cheap bitcoin cannot be pinned because we are just here. Just because talking about the value now and compared to 10 years or 15 years ago when bitcoin was just created it became a thing that was not too logical for me because the comparison and process was clearly very different.

On an ongoing basis, there are new people coming to bitcoin and just starting to learn about bitcoin, and many of us know that it is quite hard to know about bitcoin if we are not actively buying it, and such buying and building a bitcoin position helps to inspire us to learn more about bitcoin.  There are also a decently large number of people who have heard about bitcoin or they know the word bitcoin, but they either do not know anything about bitcoin or alternatively they have been taught (or learned) wrong information, which might be even more dangerous for folks to think that they know what something is (bitcoin) and actually do not know as much as they believe that they know.

We cannot make it seem as if this is easy because even though now learning about bitcoin is still fairly much easier when looking for information but of course we also as much as possible should be able to filter all learning so that we can find out which information is really useful and which information can be misleading. But on the other hand of course as long as there is a strong will and our foresight to maintain what we want or aim for then everything can still be done slowly but of course it depends on those who want to learn it too because it cannot be denied that the stigma of wanting to get rich instantly with bitcoin is still one of the shadows especially for those who are just learning about bitcoin.

[Makus]

Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

I get your point though, but learning to invest in bitcoin isn't that complex or complicated as most persons think, there are several articles online that could brighten their understand and give a clearer view of what Bitcoin is and how they can interact with it. Or one of the best known methods is watching videos on YouTube which may give a clearer view as the influencer also demonstrates how it's been done. I could remember my first experience using electrum wallet, I actually learnt it from YouTube, and it was extremely easy to flow with.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

Investors don't need to clear their doubts before they begin their investment, they can start right away and learn to trust in the network as time goes by. Sometimes over confidence make people to take the wrong decisions and at the end blame bitcoin for their own actions. However the market volatility isn't a new thing and most people with their confidence gets into the market aggressively of which when price start moving against their direction they start to panic and could go as far as selling their bitcoin.

[_BlackStar]

-snip-

Investors don't need to clear their doubts before they begin their investment, they can start right away and learn to trust in the network as time goes by. Sometimes over confidence make people to take the wrong decisions and at the end blame bitcoin for their own actions. However the market volatility isn't a new thing and most people with their confidence gets into the market aggressively of which when price start moving against their direction they start to panic and could go as far as selling their bitcoin.

Experience and mentality will be formed when someone is directly involved in the market. They will never gain experience and develop their investment strategy without making mistakes - then they will become mentally better and no longer affected by short-term price volatility. All new investors may panic when the market goes against them - but over time the mentality will develop and they will know how to anticipate it.

One of the best methods is to consider a DCA strategy - no matter who you are, experienced or not, DCA can help you from time to time. There is no high pressure to do it all the time especially if you have consistent cash flow - but you can still do it whenever you have cash.

[JayJuanGee]

[edited out]

Everyone do also have the right to decide when to develop interest on investing in bitcoin. Some may have acquired some basic knowledges while some maybe of zero knowledge While setting up their pace to understand and cope with the system.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

Peopple have different ways of dealing with low coiners and no coiners, and we have no obligation to talk nice to them and/or to try to convince them that it is in their best interest to get into bitcoin. 

Sometimes dumb people deserve to be called dumb, especially if they might be badly informed and spreading bad or wrong information about bitcoin.

Sure, I have no problem with the idea of helping people out, but some people don't want to be help, and interactions can go in all kinds of directions..and sometimes being nice is not the correct approach.

People have some responsibility to look into matters, and also to correct themselves if they have wrong information about bitcoin.  If they might be asking us for help, then sure we might be ready and willing to help them, but we don't have to help anyone.. helping others is optional... including newbies on the forum.  Sometimes there is no need to be nice to the newbies.. it depends on context, and some newbies are trying to learn about bitcoin and perhaps to learn about how to improve and/or strengthen their cashflow management systems and practices, and perhaps others are spreading bad information, and sometimes being nice to them is not the right approach.

If we were being nice to the no coiners and low coiners and listening to their dumb ideas, then many of us would likely have not figured out aspects of bitcoin ourselves including investing into bitcoin and even strengthening our cashflow management systems/practices.

On an ongoing basis, there are new people coming to bitcoin and just starting to learn about bitcoin, and many of us know that it is quite hard to know about bitcoin if we are not actively buying it, and such buying and building a bitcoin position helps to inspire us to learn more about bitcoin.  There are also a decently large number of people who have heard about bitcoin or they know the word bitcoin, but they either do not know anything about bitcoin or alternatively they have been taught (or learned) wrong information, which might be even more dangerous for folks to think that they know what something is (bitcoin) and actually do not know as much as they believe that they know.

We cannot make it seem as if this is easy because even though now learning about bitcoin is still fairly much easier when looking for information but of course we also as much as possible should be able to filter all learning so that we can find out which information is really useful and which information can be misleading. But on the other hand of course as long as there is a strong will and our foresight to maintain what we want or aim for then everything can still be done slowly but of course it depends on those who want to learn it too because it cannot be denied that the stigma of wanting to get rich instantly with bitcoin is still one of the shadows especially for those who are just learning about bitcoin.

Level of scaredness should ultimately affect position size rather than whether people get involved, so anyone should be able to establish their position size in accordance with their level of confidence, and as their confidence grows then they an increase their position size.

A lot of people remain scared about bitcoin for all kinds of reasons, and the reasons these days are likely different from what they were 10-15 years ago, since the kind of information available was different, and so they would have had been in a different place in their lives, and surely it seems that more and more people are hearing about bitcoin, yet many of them continue to have hardly any clue what it is.. even though the price has been going up a lot. .and surely any of us ongoingly investing into bitcoin likely feel advantages in regards to our having had got into bitcoin.. yet even guys like you who are just getting to 3.5 years of bitcoin, you may well still consider that you are still learning and/or still accumulating and/or still adjusting your approach to bitcoin to account for changes in your perceptions of bitcoin that also potentially reflect back on changes in your own personal factors,  including how many bitcoin you had already been able to accumulate in light of your personal financial/psychological circumstances.

Even guys on a similar timeline of being in bitcoin may well end up diverging in terms of how much bitcoin they had been able to accumulate under similar circumstances as someone else.. but just potentially differences in their level of aggressiveness and/or also the strength of their cashflow management systems/practices.

We cannot even presume that guys learn the right things or even that they might not get diverted into shitcoins and/or thinking that they can outsmart bitcoin by trading, so surely there can be divergent paths, even when people might strive to proclaim that they are following best practices, when they might not know what they don't know.

[LDL]

The market price of Bitcoin is currently $109,000 and above. But yes, if all these big companies invest, the price of Bitcoin may increase. Because there are many people who do not do their own research, they rely on others. For example, if a big person or big company invests in a place, they also invest there. They think that these big companies are investing, it means that they are investing because they will benefit from it. But

It is never right to depend on anyone for investment. Always do your own research and then invest. Bitcoin is the best investment for investing in digital currency. If you invest by relying on someone, then you can get cheated in many cases, so always depend on yourself.

If you are talking about big companies buying Bitcoin, then I must say that they must have announced it in some way before buying Bitcoin, if no one follows them and buys and sells Bitcoin, it is their personal matter. But for example, if we consider MicroStrategy, Metaplanet, XXI Capital, The Blockchain Group, all these mega Bitcoin holders, they can buy Bitcoin in any market and they will buy it and they will hold it for the long term. Of course, their Bitcoin buying system is DCA.
But those who buy Bitcoin during the hype but do not hold it for a long time or even do not follow the DCA method will naturally make losses. That is, you have to buy Bitcoin in a market and sell Bitcoin in a market where there will definitely be price fluctuations and you also have to calculate whether there is a profit. It should be remembered that if you buy Bitcoin in a dumping market and hold it for a long term, there will definitely be a profit at some point. But impatient investors cannot consider this time.

[Solodoski]

[edited out]

Everyone do also have the right to decide when to develop interest on investing in bitcoin. Some may have acquired some basic knowledges while some maybe of zero knowledge While setting up their pace to understand and cope with the system.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.

So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.

Peopple have different ways of dealing with low coiners and no coiners, and we have no obligation to talk nice to them and/or to try to convince them that it is in their best interest to get into bitcoin. 

Sometimes dumb people deserve to be called dumb, especially if they might be badly informed and spreading bad or wrong information about bitcoin.

Sure, I have no problem with the idea of helping people out, but some people don't want to be help, and interactions can go in all kinds of directions..and sometimes being nice is not the correct approach.

People have some responsibility to look into matters, and also to correct themselves if they have wrong information about bitcoin.  If they might be asking us for help, then sure we might be ready and willing to help them, but we don't have to help anyone.. helping others is optional... including newbies on the forum.  Sometimes there is no need to be nice to the newbies.. it depends on context, and some newbies are trying to learn about bitcoin and perhaps to learn about how to improve and/or strengthen their cashflow management systems and practices, and perhaps others are spreading bad information, and sometimes being nice to them is not the right approach.

If we were being nice to the no coiners and low coiners and listening to their dumb ideas, then many of us would likely have not figured out aspects of bitcoin ourselves including investing into bitcoin and even strengthening our cashflow management systems/practices.

You are totally right. There is surely no universal requirement for one to preach about bitcoin, especially when the other person involved in the conversation is unwilling to think out o the box or is they are more interested in proving themselves right instead of learning something new from the conversation.

At the same time, I am very certain that there can be a kind of clear picture of our own think when we respond, even to lame ideas. So even if the person in question is not benefiting, we can still gain value as mental exercise was done, especially when we tend to say things in a way that the silent ones who are intrested to listen could understand since they maybe more of good listeners than easily vocal. I wont say naturally I am being nice, but I will always try to have it in mind the tone and perfect timing because it matters a lot. Sometimes, being too sarcastic works and other times it messes things up. However, not everone deserves the effort, unless there is a case tp push for more conversation believing it will help us understand our own beliefs more clearly. And like you said earlier, if we had spent too much time trying to validate doubters in the early days, we wont have gone far. In the end we ought to speak up when it is needed and not waste our breath on people who dont care to listen.

A lot of people remain scared about bitcoin for all kinds of reasons, and the reasons these days are likely different from what they were 10-15 years ago, since the kind of information available was different, and so they would have had been in a different place in their lives, and surely it seems that more and more people are hearing about bitcoin, yet many of them continue to have hardly any clue what it is..

What is more interesting is that these days people fear not because they lack information but because they have too much of it, and they dont know how to filter the right ones from the noise. Back then, we did not have any TikTok influencer, Wall Street ETFs, MSTR pussing narratives. Its either you come accross Bitcoin through curiosity or get propelled by someone who already have the conviction, and from there we joined.

These days, people hear about Bitcoin, but wrap it up as a scam. So they have heard of it, sure folks have heard of bitcoin but there conclusion is often mixed up or half true, leading to wrong perception. I can even say, many are confused using it as a form of defense mechanism, because if they truly understand bitcoin, they will restrategise how they manage their time, value and responsiblity which not every one is ready for such change. IMO, it’s not just ignorance. People are just scared to start what they dont want to deal with in the long run. And for the fact that everything around bitcoin is different from what it was 2013-2015, beginners look back at it and dont know where to start.

[IceLincoln]

Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcoins, he can be cheated at any time.

Yes!.. Diversification can be a means to reduce investment risk but not with shitcoins cos with them you’re increasing your risks in hopes of high gains which may not happen. The concept of not putting all your eggs in one basket is not applicable here because it is better to put all your eggs in one basket (Bitcoin) than to put in different baskets (shitcoins).
If an investor wishes to diversify, he can look into Real Estates, Gold or even stocks n Tech. There is no known shitcoin that has a long term value that you can hodl in hopes of making sufficient profits.

[laijsica]

-snip-

Investors don't need to clear their doubts before they begin their investment, they can start right away and learn to trust in the network as time goes by. Sometimes over confidence make people to take the wrong decisions and at the end blame bitcoin for their own actions. However the market volatility isn't a new thing and most people with their confidence gets into the market aggressively of which when price start moving against their direction they start to panic and could go as far as selling their bitcoin.

Experience and mentality will be formed when someone is directly involved in the market. They will never gain experience and develop their investment strategy without making mistakes - then they will become mentally better and no longer affected by short-term price volatility. All new investors may panic when the market goes against them - but over time the mentality will develop and they will know how to anticipate it.

One of the best methods is to consider a DCA strategy - no matter who you are, experienced or not, DCA can help you from time to time. There is no high pressure to do it all the time especially if you have consistent cash flow - but you can still do it whenever you have cash.

Yes, DCA strategy is a great way to accumulate Bitcoin because it does not put pressure on investors. I recommend it to investors who are new and looking for a convenient time to invest in Bitcoin. In fact, there is no fixed time to invest in Bitcoin. If someone has a discretionary income stream, any size fund is for them. No investor would buy stress exchange of money. Short term planning is a way of buying stress from which some traders are responsible for raising their blood pressure. Compared to watching the price rise and fall repeatedly, weekly/monthly accumulation in DCA method are provide them to getting decent holding.

Being directly involved in the market allows investors to mature in capital deployment and aggressive buying at convenient times. The combination of consistent accumulation and sometimes aggressive buying has a great impact on the portfolio of those investors. The tendency of panic withdrawals is reduced while sticking to the market. Continuous accumulation are required for long term Bitcoin investments.