Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving.

[Youngkhngdiddy]

 Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

 I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin, they focus more on the negative side or losing or fear of losing out completely other than the benefits of investing in bitcoin, there are others who are willing to take a bold step but have little knowledge or need guidance from crypto enthusiasts, i have an information for these set of people because knowledge they say is power and constant education and information would enable people to fast track the adoption of bitcoin and enjoy it's benefits.
 
 In the crypto ecosystem there's something called the crypto solar eclipse also known as the bitcoin halving.
 Bitcoin Halving- The bitcoin halving is a period when the price of bitcoin goes high, due to it's scarcity because of the drastical removal of bitcoin in a block. And it happens every four years circle and many people are not aware of this ongoing in the crypto space, the previous halving was in (2020) and the next halving is forthcoming  so now is the best time to purchase and hodl btc because it could go beyond the price it attained in the last halving which was about $60k and In my opinion I think it might go beyond $100k. https://www.investopedia.com/bitcoin-halving-4843769

 This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.
 You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

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[hd49728]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Procrastination can be because of your hesitation, uncertainty or it can be your lack of investment budget.

If you don't have investment budget, you only can work and in the meantime, have to procrastinate your investment.
Don't be hurry and borrow money to invest because you don't want to procrastinate.

If you have investment budget but hesitate to do it several months before a halving, you must look at history of bitcoin and its price after past halvings.

[DeathAngel]

Seems like good, sound advice to me OP. The best time to buy bitcoin was years ago but the next best time is now. You can take custody of your own money & be your own bank. Inflation is killing our fiat savings so it’s certainly a great idea to diversify into inflation killer bitcoin. You have plenty of time to buy before prices start to rapidly rise after the halving.

[Z390]

It's inside all of us, I sometimes hesitate to take action when I have a feeling that a certain project will do very well, the reason why I hesitate is still unknown to me and after I start regretting my actions, I am a Bitcoin investor and I am also an altcoin investor, I only hesitate with altcoin investment but not Bitcoin and even with the altcoin investment, I always make the right decisions sometimes and other times I the wrong ones too.

Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.

[CODE200]

Good advice, too bad I'm struggling to pay bills, insurance and finance for my sibling's college fund and I don't have any savings yet so I guess I'll have to watch the market go up again and think of the what ifs, who knows though, I might be able to slip in some money so I am not missing out entirely. Not everyone can afford to buy bitcoin to hodl and wait for halving, they just don't have the patience and situation for it, maybe it works for some but it's arrogant to command everyone to do what you want just because the action is proven effective.

[nelson4lov]

Good advice, too bad I'm struggling to pay bills, insurance and finance for my sibling's college fund and I don't have any savings yet so I guess I'll have to watch the market go up again and think of the what ifs, who knows though, I might be able to slip in some money so I am not missing out entirely. Not everyone can afford to buy bitcoin to hodl and wait for halving, they just don't have the patience and situation for it, maybe it works for some but it's arrogant to command everyone to do what you want just because the action is proven effective.

This is understandable. You're on the right track so keep doing what you do. OP should have added a disclaimer that explicitly stating this. There's difference between having the financial capacity to acquire Bitcoin but fail to do so and not havinf the financial capacity but really want to do so? I saw bitcoin at the $500 prices (per bitcoin) but I was unable to buy anyone simply because I didn't have money at that time and I was just on verge of finishing high school so I had no way to get investment budget. Tragic but it happens.

[Faisal2202]

Thank god you mentioned the meaning of procrastination because after reading the title only I am going to translate it into my own language but hopefully you already added the meaning. Well, a new word was added to the dictionary. And I also came to know that I am a procrastinator.

Because I am also afraid to invest in BTC even though I am fully aware of the halving and how things work. But it is because I have this mentality that stops me to convert my fiat into BTC. Well, another reason is I also do not have that much money.

The point is, knowledge and money are two important things you need to start making money in BTC. But even if you have some skills you could make money like me.

[lovesmayfamilis]

Thank god you mentioned the meaning of procrastination because after reading the title only I am going to translate it into my own language but hopefully you already added the meaning. Well, a new word was added to the dictionary. And I also came to know that I am a procrastinator.

Because I am also afraid to invest in BTC even though I am fully aware of the halving and how things work. But it is because I have this mentality that stops me to convert my fiat into BTC. Well, another reason is I also do not have that much money.

The point is, knowledge and money are two important things you need to start making money in BTC. But even if you have some skills you could make money like me.

Those who think for a long time, waiting for the best price, will remain in thought. At the same time, some are too hasty, and one news story about a profitable business is enough for them to dive into investments without checking whether they are ready for them. There is always a need for a golden mean, where the heart and mind speak in time, increasing investments, understanding all the risks, and at the same time ensuring the accumulation of knowledge about how much and where you invest.

[SOKO-DEKE]

Procrastination is never a good habit because it steals our opportunities and makes us lose them. So let us stop procrastinating and do what we know will bring us great benefits. 
 
But if I may say what bring about the mentality of many People's postponing their investment in bitcoin despite their awareness of the halving period, I may say that is a lack of proper understanding of the cryptocurrency market. The fear may be in them that maybe the bull run will not happen, but I see all that as a lack of proper knowledge of cryptocurrency or lack of enough money.

[imamusma]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

When your analysis results are different from other users, then you may get a different time to enter. This is not a wrong procrastination, but is the strategy of each investor in an effort to get a good return while minimizing risk.

But in reality, buying bitcoin at any price for a long term investment is fine. But the problem is, when they expect the price of bitcoin to fall at a price that is very unlikely to happen. Those who expected bitcoin to drop to $10k last year must have regretted their decision, of course after the bitcoin price recovers above the current $30k price. Procrastinating isn't always wrong, but sometimes their decisions don't make sense when on the one hand they expect long-term benefits. Even if they are afraid of falling prices, then DCA is a wise strategy to consider.

[seoincorporation]

I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k. And to be clear, this is just speculation, but the point is, it isn't a wise move to buy at the moment when Bitcoin is at its highest price in 2023.

We must play it smart and don't be impulsive, let's wait for the right wave to ride it.

[Obari]

Seems like good, sound advice to me OP. The best time to buy bitcoin was years ago but the next best time is now. You can take custody of your own money & be your own bank. Inflation is killing our fiat savings so it’s certainly a great idea to diversify into inflation killer bitcoin. You have plenty of time to buy before prices start to rapidly rise after the halving.

I don't know if I'm wrong but I think one of the reasons why people are not buying bitcoin  this period is because they don't have the money to buy it and sure everyone who knows  about bitcoin  already believes that bitcoin  should be expecting an all time high after all this mess and I personally fall into the class of people who have barely  have investment or any hodling right now.
So outside procrastination,  I think lack of money to buy is one of the major reason contributing to why people aren't buying and investing in it right now because most persons are barely making ends meet and maybe their earnings isn't even meeting up giving them a normal life and how to you expect  such a person to invest?

[Aikidoka]

Hesitating is a natural part of being human, but honestly if I have some extra money that I don't need I would rather invest it in Bitcoin. I believe that in the future, Bitcoin's price will increase allowing me to make a a huge profit.

A few months ago, it was a wise decision to invest in Bitcoin when the price was around $17k, but even now, it's not too late to buy since Bitcoin's price isn't excessively high. You can still invest when Bitcoin is at $30k and I'm confident that in the future, especially after the next halving we will witness a new ATH for Bitcoin, and probably surpassing $100K$.

[The Cryptovator]

Fear often leads people to miss out on opportunities, particularly in the context of investing. However, it's important to understand that not everyone in the world is motivated solely by the desire to profit from Bitcoin. Each individual has their own priorities and commitments, which may take precedence over investing. Not everyone will actively pursue Bitcoin. Even those who are familiar with Bitcoin sometimes fail to seize opportunities. We tend to wait for further price declines during market downturns, and when prices rise, we wait for a dip to accumulate more, inadvertently causing us to miss out on potential opportunities.

[bittraffic]

Regulation is making people doubt crypto. Gensler had really made a big punishment for those people since they are afraid of touching crypto because of the uncertain laws about it. Not everyone is going to believe what is in the news as well. Every bear market, things people hear on social media is that Bitcoin is dead. Can't blame the people for not trying to invest because they didn't even realize BTC is real nor what halving could do to the market.

If the government (SEC) just don't try to ruin its market, they could have created more millionaires in Gary's tenure.

[darkangel11]

Regulation is making people doubt crypto. Gensler had really made a big punishment for those people since they are afraid of touching crypto because of the uncertain laws about it. Not everyone is going to believe what is in the news as well. Every bear market, things people hear on social media is that Bitcoin is dead. Can't blame the people for not trying to invest because they didn't even realize BTC is real nor what halving could do to the market.

If the government (SEC) just don't try to ruin its market, they could have created more millionaires in Gary's tenure.

How can something that recently went from 25k to 31k be dead? The math proves otherwise because if you bought Bitcoin in June and sold now in July, you would've made about 20% in profit just from a single month of holding, which outperforms everything else, like stocks, bonds, gold, and so on.
Saying that bitcoin is dead is just dumb and Gensler is 1 guy with a jurisdiction over stocks in a single country. He's not going to be in that chair forever and he's already getting sued left and right for not being objective. Personally, I can only laugh at this because I've been stacking sats for the last 12 months.

[CryptSafe]

I think what is SEC attack is a major factor affecting the market trend and investors are sceptical about the whole process and hence it seems as if everyone is sitting on the fence watching what would happen next.
The procrastination is not intentional but of one being cautious while observing the market trend. Currently the price is down below the last ATH so we can say the price is still down not until it surpasses the ATH. At this point, it would be cool for long term investors to buy their way in and hold till halving come next year 2024.

[boyptc]

You'll never know what these people are up to and what they're currently facing with their finances. As much as it's easier to say that they should buy, invest and hold bitcoin because halving is near.

Even if they want to, they just can't and for that, it has to be some reasons why they can't do that. If you're able and financially prepared for it and keeping up stacks of sats then that's good for you.

But whether you label them procrastinators or not or anything that's been delaying their desire to buy. If there's no problem and they're not hesitating, they should have bought long time ago already.

[Issa56]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Most people that really knows about bitcoin and they are still procrastinating are the once that are still waiting for bitcoin to dump more before investing in bitcoin, the want to buy bitcoin at the bottom which is not possible, those people will keep on waiting for bitcoin to dump before they invest, but at the end they will end up wasting opportunity which they have currently. when bull run start they will end up regretting why they didn't invest in bitcoin early.

I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin, they focus more on the negative side or losing or fear of losing out completely other than the benefits of investing in bitcoin, there are others who are willing to take a bold step but have little knowledge or need guidance from crypto enthusiasts, i have an information for these set of people because knowledge they say is power and constant education and information would enable people to fast track the adoption of bitcoin and enjoy it's benefits.

Bitcoin investment is not for everyone, and if you are scared of losing your money then its better you don't invest, because you can invest in bitcoin and be at loss instantly, anyone planning to invest in bitcoin should have it in mind that it will be along term investment, so the person should be ready to hold. If you are investing, always invest any amount you can afford to lose, anything can happen at any moment, don't invest what might end up cause some health problem incase if anything happens to your money.

[Luzin]

If the government (SEC) just don't try to ruin its market, they could have created more millionaires in Gary's tenure.

There are always people who are in two positions. Our position as supporters and their position (the SEC) as regulators (may actually resist). So it seems that it's a natural nature that will continue to exist under any conditions. The SEC as an official agency that has regulatory authority, has the right to do anything. But we as supporters also have the right to do anything with a record of not breaking the rules. This is because we live in a large group that has rules made by the government within the state. So this kind of problem problem will continue. Hopefully the SEC is indeed independent and has good intentions, not on money.  IMO

[death69]

The fourth quarter has begun, and time is of the essence. Do we want to wait on the sidelines with our traditional savings accounts that have seen better days, or do we want to take a chance with the up-and-coming cryptocurrency, Bitcoin?

People's Bitcoin behavior is akin to that of backyard bowlers at a world championship. They have the bowling ball (Bitcoin), can see the pins (Profits), but are afraid to roll it for fear of hitting the gutter (Losses). Meanwhile, throughout these halving times, the price of Bitcoin keeps rising like a helium balloon on steroids. They require a mentor who can instruct them in the fundamentals of the sport.

Oh, and I sense a "unfathomably nostalgic" vibe from your procrastination-related thoughts. It's as if they're still on dial-up while the rest of us are watching 4K videos in real time. Sure, it's a gamble, but as the old adage goes, "no risk, no reward."

[Maslate]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Procrastination can be because of your hesitation, uncertainty or it can be your lack of investment budget.

If you don't have investment budget, you only can work and in the meantime, have to procrastinate your investment.
Don't be hurry and borrow money to invest because you don't want to procrastinate.

If you have investment budget but hesitate to do it several months before a halving, you must look at history of bitcoin and its price after past halvings.

If you know the high potentials of bitcoin to be successful in the future, and you have the sufficient amount of funds to invest, then why bother to procrastinate? You don’t want to miss big opportunities again so start investing in bitcoin and expect significant amount of profits in the future. Otherwise, if you try to be always on doubt and hesitate to start a move, then you will never achieve something big in your life. That’s the kind of mindset that successful bitcoin investors always want to avoid.

[freedomgo]

Fear often leads people to miss out on opportunities, particularly in the context of investing. However, it's important to understand that not everyone in the world is motivated solely by the desire to profit from Bitcoin. Each individual has their own priorities and commitments, which may take precedence over investing. Not everyone will actively pursue Bitcoin. Even those who are familiar with Bitcoin sometimes fail to seize opportunities. We tend to wait for further price declines during market downturns, and when prices rise, we wait for a dip to accumulate more, inadvertently causing us to miss out on potential opportunities.

Having fears is actually normal especially for beginners who are still afraid to take the risk but if you chose to remain in that state, I guess you will never gain progress within yourself. That why you need to take extra leap because that is a must in every investment. And when you’re there, be sure to understand the purpose why you take that risk so that you will not settle on doubts and hesitations that will only procrastinate your achievements and success in your life. Be goal centered, and invest when the price is low before you’ll run out of its good opportunity again.

[buwaytress]

Oh, and I sense a "unfathomably nostalgic" vibe from your procrastination-related thoughts. It's as if they're still on dial-up while the rest of us are watching 4K videos in real time. Sure, it's a gamble, but as the old adage goes, "no risk, no reward."

Not sure that I'd call including Bitcoin along with other more-established wealth-keeping options would be considered a gamble unless we're spreading our bets by ensuring Bitcoin's a diversification.

I do have more in Bitcoin than in other savings, but only because I can afford to risk self-custody (everything else is state-insured, and spread across several states). I insist on my dialup, because others depend on me. Perhaps most of us live in that reality, where we are not an island.

[jossiel]

If the government (SEC) just don't try to ruin its market, they could have created more millionaires in Gary's tenure.

They can delay the market's riping scene but they won't forever get a hold of it. Especially on Bitcoin, halving is gonna be an unstoppable factor for the market to be at the best shape again.

There have been news that I've seen that Gensler should be out of his position in no time. But whether it happens or not, again, the market is unstoppable when we're getting close to halving.

[Slow death]

this is a market where, for years, when there is good news, the price is greatly affected, a few days ago there was good news that caused the price of bitcoin and even litecoin to rise a lot, but the issue most of the time is to know if that good news is something that will be effective in the long term or in the short term, when is the case with the good news of a few days ago or week in which it is a wealthy company that submitted its ETF application and that will still wait for approval so it can already be predicted that the price increase will be temporary, because although the price is rising due to this good news

the international market is still in a crisis due to the war and with that the bitcoin market will obviously be affected, so the increase will be temporary and then it will fall, and this could also happen with the halving, the price could even rise gradually but later would fall, and people know that, so they will wait until it approaches the halving to buy and be able to take advantage of the price increase and sell at the top and then they will wait when the price drops to buy, for people the profit is the most It is important not to just blindly hodl just because there is a halving but that halving is still a long way from happening

[Zlantann]

Seems like good, sound advice to me OP. The best time to buy bitcoin was years ago but the next best time is now. You can take custody of your own money & be your own bank. Inflation is killing our fiat savings so it’s certainly a great idea to diversify into inflation killer bitcoin. You have plenty of time to buy before prices start to rapidly rise after the halving.

Regret is a major consequence of procrastination. Knowing the profitability or importance of an investment and failing to take advantage of it will bring so much disappointment. Some people will never buy Bitcoin until the price starts going up. Some will even buy toward the end of the bull run which might be risky. Although the price has gone up, there are still opportunities for profit-making. As OP has written, the best time to start buying is now. It is better to be late than to lose this vital privilege.

I think what is SEC attack is a major factor affecting the market trend and investors are sceptical about the whole process and hence it seems as if everyone is sitting on the fence watching what would happen next.
The procrastination is not intentional but of one being cautious while observing the market trend. Currently the price is down below the last ATH so we can say the price is still down not until it surpasses the ATH. At this point, it would be cool for long term investors to buy their way in and hold till halving come next year 2024.

The attack of SEC is one of the current triggers of the fear of the unknown. But that is the risk every investor in the Bitcoin space has to take to be able to get the reward ahead. For now, these attacks by SEC are having minimal effect on the price of Bitcoin and the currency is gradually becoming resistant. There has been also some good news about potential new investors in the crypto industry. Nobody can predict the future but every hodler believes that next year will be profitable regardless of the attacks from any quarter.

[Sarah Azhari]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

If I were you I will just leave it, because without them who will buy at high prices?
We can't keep reminding them to buy and buy from now, because we have a lot of work to do (do not neglect your real work). I once tried to convince someone in my office to immediately buy bitcoin when the price was below $15k, but he didn't and insist waiting below $10k. but, the fact has happened, the Bitcoin price never back to $10k and he don't buy it, instead bought at $25k. I chuckled seeing him to be FOMO.

I am also aware of that, without him who buys Bitcoin at a high price? 
stay cool, many Procrastination people are still waiting, they are what we need to buy bitcoin on the high price.

[hd49728]

If you know the high potentials of bitcoin to be successful in the future, and you have the sufficient amount of funds to invest, then why bother to procrastinate? You don’t want to miss big opportunities again so start investing in bitcoin and expect significant amount of profits in the future. Otherwise, if you try to be always on doubt and hesitate to start a move, then you will never achieve something big in your life. That’s the kind of mindset that successful bitcoin investors always want to avoid.

Did you read all of my post?

Procrastination can be because of your hesitation, uncertainty or it can be your lack of investment budget.

If you don't have investment budget, you only can work and in the meantime, have to procrastinate your investment.
Don't be hurry and borrow money to invest because you don't want to procrastinate.

If you have investment budget but hesitate to do it several months before a halving, you must look at history of bitcoin and its price after past halvings.

I discussed two situations.

Situation 1 when you don't have money for investment. With that situation, you have no choice to delay your investment because borrowing money is not good for investment. You should never do it because you want to invest in something instantly. Delay your investment plan, work to get money for investment later.

Situation 2 when you have available capital but are uncertain and procrastinate to invest. You must do research and make your decision. With this situation, if you don't invest, it is not because you don't have money but because you don't have knowledge and belief in Bitcoin.

[Japinat]

If the government (SEC) just don't try to ruin its market, they could have created more millionaires in Gary's tenure.

They can delay the market's riping scene but they won't forever get a hold of it. Especially on Bitcoin, halving is gonna be an unstoppable factor for the market to be at the best shape again.

There have been news that I've seen that Gensler should be out of his position in no time. But whether it happens or not, again, the market is unstoppable when we're getting close to halving.

Bitcoin halving is the most awaited unstoppable event by all bitcoin enthusiasts so whatever delays SEC will imposed, they can’t stop the market from its bitcoin halving especially if the people have turned against them and shift into bitcoin. Even Gensler can’t do nothing about it, as bitcoin halving has been happening thrice already even before Gensler was designated in his current position.

[tread93]

At the end of the day, it only matters how much you can afford to lose. Nobody knows what will happen, no one has a crystal ball, but historically BTC has done well after the halving - it may take some time. I think it took about a year after each halving if i'm not mistaken, because miners tend to struggle at first once the halving occurs. There is an insane amount of FUD, and its a fun ride. The best thing you can do is get as much as you can and to HODL!!!

[Darker45]

There are those who have yet to extinguish every single major doubt; they're not fully convinced yet, in other words. There are also those who have yet to save enough. And then there are those who are too afraid to commit. And those who are too greedy they're waiting for the cheapest possible price.

These are the kinds of procrastinators. There may be more of them. Each of them is a different case to a certain extent. But at some point they will have to take the decisive step. Indeed, time might not be in their favor.

[landheer]

yes, indeed in 2024 there will be a BTC HALVING, and indeed we don't delay buying bitcoin if we want to buy bitcoin, especially now that the price of btc is decreasing in price, so now is the right time to buy btc for storage and sold when we already have a big profit. but in this case we really have to be careful in buying because buying btc at low prices is a good thing, so in this case it's up to the person who wants to buy. because everyone has a different way of making purchases.

[Davidvictorson]

I do not think that there is anyone who would procrastinate when it comes to buying bitcoin in preparation for the next halving. If wishes were horses but not everyone has the means to buy bitcoin as they would want to. A lot of people may have a major problem which is financial constraint to be able to invest buy bitcoin now in hope for the halving.  Basically, what I would advice folks is that they should prioritize buying bitcoin now. The price may or may not go up after the next halving we cannot tell. We are only relying on past data to predict the future and as you have rightly said, when there is shortage of supply and high demand, the price would go up.

[Kelward]

Procrastination is never a good habit because it steals our opportunities and makes us lose them. So let us stop procrastinating and do what we know will bring us great benefits. 
 
But if I may say what bring about the mentality of many People's postponing their investment in bitcoin despite their awareness of the halving period, I may say that is a lack of proper understanding of the cryptocurrency market. The fear may be in them that maybe the bull run will not happen, but I see all that as a lack of proper knowledge of cryptocurrency or lack of enough money.

Truly, people have different reasons for procrastinating, and generally postponing what is supposed to be done. Among different factors that makes us procrastinate, one of them is money. When we have numerous important needs and lack money to execute them. Procrastination naturally steps in.

So even with the full knowledge about bitcoin helvin, and you're are faced with other important financial needs like food and rent, with lack of money, you'll tend to procrastinate before investing.

[Bazzu]

for people who have money, of course for those who are interested in buying btc it can be said that it is not too late to buy btc even though now the price of btc is quite high compared to a few months ago when btc was in the range of $ 19000

but in this case people are divided into 2 parts, namely there are those who dare to buy btc at the current price and those who don't, because the price of btc fluctuates very much, so it is very difficult to predict its movements. maybe the current btc price situation is very confusing for people who don't have the courage because after all, of course we have to love our money and don't want to lose, it could even be that the btc price will go back down like $ 23000 so in my opinion in this case, it's up to the person who wants to buy, because sometimes courage makes us gain sometimes courage makes us lose.

[Ptb73]

Unfortunately, people like to procrastinate. I hope that the majority will stop waiting for a better moment and start acting now.

[Blitzboy]

this is a market where, for years, when there is good news, the price is greatly affected, a few days ago there was good news that caused the price of bitcoin and even litecoin to rise a lot, but the issue most of the time is to know if that good news is something that will be effective in the long term or in the short term, when is the case with the good news of a few days ago or week in which it is a wealthy company that submitted its ETF application and that will still wait for approval so it can already be predicted that the price increase will be temporary, because although the price is rising due to this good news

the international market is still in a crisis due to the war and with that the bitcoin market will obviously be affected, so the increase will be temporary and then it will fall, and this could also happen with the halving, the price could even rise gradually but later would fall, and people know that, so they will wait until it approaches the halving to buy and be able to take advantage of the price increase and sell at the top and then they will wait when the price drops to buy, for people the profit is the most It is important not to just blindly hodl just because there is a halving but that halving is still a long way from happening

However, its essential to underline that the cryptocurrency ecosystem, Bitcoin in particular, is largely insulated from traditional market forces. Its a new form of value exchange, untethered by the institutional rules and paradigms that govern traditional financial markets.

The recent price surge owing to the submission of an ETF application by a wealthy company, in my view, represents the growing mainstream acceptance of cryptocurrencies. Granted, the international market crisis due to the war might put a temporary damper on the Bitcoin price, but it's the resilient nature of Bitcoin that makes it bounce back.

I dont see the Bitcoin halving as a threat to long-term value. On the contrary, the halving is one of the most ingenious design features of Bitcoin - a built-in antidote to inflation. People might manipulate the price in the short term, but the inherent value proposition of Bitcoin, i.e., decentralized and deflationary money, ensures its long-term viability.

[jossiel]

If the government (SEC) just don't try to ruin its market, they could have created more millionaires in Gary's tenure.

They can delay the market's riping scene but they won't forever get a hold of it. Especially on Bitcoin, halving is gonna be an unstoppable factor for the market to be at the best shape again.

There have been news that I've seen that Gensler should be out of his position in no time. But whether it happens or not, again, the market is unstoppable when we're getting close to halving.

Bitcoin halving is the most awaited unstoppable event by all bitcoin enthusiasts so whatever delays SEC will imposed, they can’t stop the market from its bitcoin halving especially if the people have turned against them and shift into bitcoin. Even Gensler can’t do nothing about it, as bitcoin halving has been happening thrice already even before Gensler was designated in his current position.

That's right.

In all forms, they're trying to delay it because we don't know if they're tied up with big financial institutions that have been interested to Bitcoin. And they're giving free way and access to potential cheap Bitcoins before anything happens.

And that event is when bitcoin goes into bull run and the price becomes expensive and potentially goes back to its former ATH and could also be higher.

[AmoreJaz]

for people who have money, of course for those who are interested in buying btc it can be said that it is not too late to buy btc even though now the price of btc is quite high compared to a few months ago when btc was in the range of $ 19000

but in this case people are divided into 2 parts, namely there are those who dare to buy btc at the current price and those who don't, because the price of btc fluctuates very much, so it is very difficult to predict its movements. maybe the current btc price situation is very confusing for people who don't have the courage because after all, of course we have to love our money and don't want to lose, it could even be that the btc price will go back down like $ 23000 so in my opinion in this case, it's up to the person who wants to buy, because sometimes courage makes us gain sometimes courage makes us lose.

in this case, it now relies on how a user is looking at this market, an opportunity to collect more satoshis or just let this pass. as we can't go back to where it was few months ago, your decision will depend on how you look at this market few months from now.
and besides, how you buy coins from this market depends on your need of funds. of course, if you are looking at couple of days from now, it is not advisable to put your money on this market. so yeah, you need to consider on when are you going to cash out your funds because that's a big factor if you are capable of investing on this market for long-term.

[loopes]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.
-snip-
 This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.
 You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

I think when you have enough money in idle position, it is not wrong if you decide to buy bitcoin as much as you can cover it then holding patiently to the next halving occurs on the blokchain . But if you do not have enough money then do not force your financial to buy a lot at this time to wait for net halfing. it will potentially harass your financial health.

[Kakmakr]

I think it is a little bit too early to hype the "Halving"  .... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone.   

[dzungmobile]

I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k. And to be clear, this is just speculation, but the point is, it isn't a wise move to buy at the moment when Bitcoin is at its highest price in 2023.

We must play it smart and don't be impulsive, let's wait for the right wave to ride it.

I agree with you 

I can not forget that Bitcoin lost about half of its value within two days and it happened just about two months before the 2020 halving.

Bitcoin loses half of its value in two-day plunge
Bitcoin’s Coronavirus Crash; Blockchain In A Pandemic

It is not because of the WHO announcement which is only a tip of iceberg as the market needs to have such massive washout before a very big bull run. Will it come back, who knows?

[Oasisman]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

I don't think it is the procrastination that's playing the huge role as to why some investors did not but bitcoin earlier. I think it's more of a doubt a fear of bitcoin's high volatility. Procrastination is different that fear and doubt actually. 
Also, some people might have missed buying while the price are still low because they are looking for the bottom. We all know finding the bottom will never going to be easy, because you will either hit it or miss it. DCA method has always been a good strategy to accumulate bitcoins during the bearish trend.
There are still a lot of reasons why some people have doubt bitcoin despite of the fact how far bitcoin have gone since 13+ years ago, but then again I don't it is procrastination.

[Adbitco]

Anyone who doesn't want to go into bitcoin investment is on its own why because I understand that they aren't yet ready and made up their mind to chose that part. That's why whenever I found myself into discussion with most of my friends and it happens they brought any bitcoin related discussion and I give them some reason why it's good to hold bitcoin and they abolished my suggestion, I won't argue or try convincing them knowing the reason why they should invest and hold bitcoin. What I just conclude in my mind was that they are yet to accept the truth about bitcoin whenever they are ready I guess I won't be the one giving them what they need rather running to me for knowledge and guidance. So let them be and keeps procrastinating till they accept the truth before they will buy and hold bitcoin. I guess time they said "waits for nobody".

[irhact]

I do not think that there is anyone who would procrastinate when it comes to buying bitcoin in preparation for the next halving. If wishes were horses but not everyone has the means to buy bitcoin as they would want to. A lot of people may have a major problem which is financial constraint to be able to invest buy bitcoin now in hope for the halving.  Basically, what I would advice folks is that they should prioritize buying bitcoin now. The price may or may not go up after the next halving we cannot tell. We are only relying on past data to predict the future and as you have rightly said, when there is shortage of supply and high demand, the price would go up.

We have some individuals that'll be procrastinating and many of them are on the forum, how you'll know they have procrastinated is when Bitcoin rises but they'll be all negative in their replies wishing for Bitcoin to correct again so they can buy. Some individual still think we haven't gotten to the bottom of the bear maket as some are calling for Bitcoin to fall to below $20k again and probably fall lower.

I think this set of individual needs to get their heads together or they'll be missing out on an opportunity to get bitcoin at a very low prices. Bitcoin is climbing up and it has been holding a strong support above $30k, soon the price might start increasing to $31k and above.

[AicecreaME]

FUD at its finest in other terms.

We can't blame them though, especially if it is their first time of investing in cryptocurrency. Most of them thinks that if they invested their money in Bitcoin, they can make profits all of the time, then they've seen red candles and huge dumps so they've hesitate to invest their money in Bitcoin. So in the end, bitcoin pumped up and they were left hanging, regrets came after.

[Victorik]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

[KiaKia]

I won't blame those that hesitate to buy Bitcoin, the fact is we can't all see things in the same ways, that's why we have the poor class, the mid-class aka average, and the rich class, most times, fear is what's holding many people back to achieving great things in their lives, fear is not always a good thing, some times you need to face it.

When it comes to investment, to lower your fear level you only need to throw in money you aren't afraid of losing, doing this will erase your fear completely, some don't have extra cash that they don't need though, that's why they are in fear and some people end up been forced to invest in Bitcoin by their friends and family.

I am in no way saying it's wrong, but it's not totally right too, because you don't know where your friend is getting the money from, you who introduce Bitcoin to friends should be the one telling them to invest money they don't need or little amount as if they aren't getting it back, this will give them peace in mind, thinking that even if the worst happens they will be fine, since it's just a 100$ they invest, or 200$ or more, depending on how much they can afford to lose.

No Risk No Reward.

[summonerrk]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

 I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin, they focus more on the negative side or losing or fear of losing out completely other than the benefits of investing in bitcoin, there are others who are willing to take a bold step but have little knowledge or need guidance from crypto enthusiasts, i have an information for these set of people because knowledge they say is power and constant education and information would enable people to fast track the adoption of bitcoin and enjoy it's benefits.
 
 In the crypto ecosystem there's something called the crypto solar eclipse also known as the bitcoin halving.
 Bitcoin Halving- The bitcoin halving is a period when the price of bitcoin goes high, due to it's scarcity because of the drastical removal of bitcoin in a block. And it happens every years and many people are not aware of this ongoing in the crypto space, the previous halving was in (2020) and the next halving is forthcoming  so now is the best time to purchase and hodl btc because it could go beyond the price it attained in the last halving which was about $60k and In my opinion I think it might go beyond $100k. https://www.investopedia.com/bitcoin-halving-4843769

 This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.
 You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

Buying bitcoin and holding it until halving is not about procrastination. This is quite a good and correct strategy, because we all know that by halving the price of bitcoin, like any coin, increases.
But procrastination is laziness and doing nothing. For example, if you do not read about cryptocurrencies, do not communicate here on the forum.

Litecoin halving is coming soon. It will take place in about less than a month. The second of August.

Therefore, according to the above principle, I am now purchasing LTC and will store it until halving.

[Captain Corporate]

Its going to be quite difficukt to consider this as a "solution" because people do not become lazy or anything. I feel like its a tough situation to get to working for many people, I am leaving all disability and financial problems aside, not all people have the courage and they wory because they are not rich and if they dont have all that money then they will end up with a ton of trouble and wont really have that much chance to recover. This is why I believe the best thing to do would be making those people feel more comfortablr about it, its not because they are lazy or anything but because they worry. Hopefulky people would end up getting to a better place soon enough and that will make them reach to a better level as well. Hopefully this would not be too late move and they all get in before price shoots higher.

[puloweh555]

I love the thread title you created, Don't delay buying bitcoins to prepare for the halving, great advice. even though the halving is still a long way off and there is still a lot of drama that will occur before the halving, in essence, we shouldn't panic. Keep doing the DCA strategy because I think this is the mainstay strategy.

Keep remembering the main keyword in managing finances, set aside 10% of our income for DCA. It means we are ready to lose with that 10%. If we get it, that's the result of our efforts, even if there is a price reduction, we are ready with the 10% money earlier. Keep the spirit friends to prepare for the halving and don't invest in bitcoin using borrowed money.

[ancafe]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

There are many factors that make people delay investing, doubt and fear about the process they are going through, limiting the space for them to start. Meanwhile on the other hand, there are some people who do not have the financial resources to invest and they never hesitate and are afraid, but due to limited capital they cannot do much to get involved in investing.

This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.

There is no late term in investing even though the bitcoin journey has shown a significant development of its journey. Halving is a reference where new price conditions will usually be reached in a four-year cycle and we can take advantage of this moment so we will definitely get a profit. So before the halving is reached, it's best for now we continue to collect bitcoins by using a number of existing strategies so that when ATH is achieved we don't miss the opportunity.

[mendace]

I love the thread title you created, Don't delay buying bitcoins to prepare for the halving, great advice. even though the halving is still a long way off and there is still a lot of drama that will occur before the halving, in essence, we shouldn't panic. Keep doing the DCA strategy because I think this is the mainstay strategy.

Keep remembering the main keyword in managing finances, set aside 10% of our income for DCA. It means we are ready to lose with that 10%. If we get it, that's the result of our efforts, even if there is a price reduction, we are ready with the 10% money earlier. Keep the spirit friends to prepare for the halving and don't invest in bitcoin using borrowed money.

Well, the halving of the premium shouldn't worry those who make an accumulation plan because they could only benefit from it by reducing the emission of circulating btc but rather those who do mining could disconnect their machines because they have less incentive and consequently the cost of the fee.

[Ultegra134]

FUD at its finest in other terms.

We can't blame them though, especially if it is their first time of investing in cryptocurrency. Most of them thinks that if they invested their money in Bitcoin, they can make profits all of the time, then they've seen red candles and huge dumps so they've hesitate to invest their money in Bitcoin. So in the end, bitcoin pumped up and they were left hanging, regrets came after.

You can't blame someone for being skeptical regarding how they spend their money. As someone who's an overthinker, I hesitate to make such choices. It's not necessarily because I'm not confident about Bitcoin; on the contrary, it's due to being a hesitant person overall. For instance, I've been trying to purchase some BNB for quite a few months now, but I've been constantly postponing it for the reasons that were mentioned above. The halving will occur in approximately a year from now, and while it's not guaranteed that it'll result in a bull market, statistical data has proven that there's a positive correlation between Bitcoin's price and halvings. Thus, it's relatively safe to expect a major recovery somewhere in mid-2024.

[Viscore]

FUD at its finest in other terms.

We can't blame them though, especially if it is their first time of investing in cryptocurrency. Most of them thinks that if they invested their money in Bitcoin, they can make profits all of the time, then they've seen red candles and huge dumps so they've hesitate to invest their money in Bitcoin. So in the end, bitcoin pumped up and they were left hanging, regrets came after.

That’s why once you decide to invest, clear your mind from the FUDs and never tolerate yourself believing on such FUDs that will only lost your focus on your investment. That’s the main reason why we have to educate ourselves so that we will never resort into wrong decision making, like procrastinating the things that we know in the future will bring a lot of benefits for us. Once we’re capable to invest, then do it now. But if you find it hard to do it, then focus on your job and make time saving for your future investment. That way, you will never keep on missing golden opportunities that are once in front of you but now they’re totally gone.

[lalabotax]

Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving.

These are simple words that make a lot of sense. At this time it may indeed be a bit late compared to a few months ago where the Bitcoin price was still far below. However, there's no need to worry because at least we are aware and we still have time now. Even though it won't be 100% guarantee that after the halving the price of Bitcoin will go up as drastically as it used to, but usually what happens is like that. So, there's nothing wrong with collecting more Bitcoin and holding it in preparation for the bullish era later. This isn't easy, but it can be attempted as long as we don't panic easily in certain situations.

[Hypnosis00]

I think it is a little bit too early to hype the "Halving"  .... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone.   

I'm not surprised that people are talking about halving as we are expecting something good things happen in the market. In fact, many speculations arise and most of them are positive.

Might it give impact only a little but remember that the mindset of the people had already changed as well, we never know if this coming halving will affect more on the price. Well, it was not the thing we looked for but the result after halving as the bull season is about to start as what I experienced in the past halvings.

[DoublerHunter]

I think it is a little bit too early to hype the "Halving"  .... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone.   

I'm not surprised that people are talking about halving as we are expecting something good things happen in the market. In fact, many speculations arise and most of them are positive.

Might it give impact only a little but remember that the mindset of the people had already changed as well, we never know if this coming halving will affect more on the price. Well, it was not the thing we looked for but the result after halving as the bull season is about to start as what I experienced in the past halvings.

^ It happened in the past so it is possible it will happen in the future.
There is a good result that happened in the past and it was a long bull run after the halving, possible it will also happen after this next halving which people expected that there could be a bull run.
Remember that BTC halving can have an impact on the price of BTC, it is important to note that it is just one of many factors that can influence the cryptocurrency's value. The anticipation of halving can create a sense of excitement and speculation among investors, leading some people to hold onto their BTC in the hope that its value will increase.

[serjent05]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

[Stella Mese]

I think it is a little bit too early to hype the "Halving"  .... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone.   

yes, surely you are very experienced about halving because you have joined this forum for a long time too so you must have experienced events before BTC halving and so on.

it's true, actually, in this case, the movement of the btc price is very difficult to predict, although it can be said that soon there will be a btc halving and indeed the intention here is that it will take quite a long time, because now it can be said that it is still the middle of 2023, while the btc halving is in 2024.

but in my opinion there is nothing wrong with what the op said because it is true that if for example we are interested in buying btc we can do it but in the case of buying btc of course we have to be vigilant because we will not know the price of btc, because the btc price could have dropped even more sharply to the bottom. but in this case it's up to the person who wants to buy because there are times when if our don't have the courage to buy, of course our can potentially miss the train.

[Blitzboy]

I won't blame those that hesitate to buy Bitcoin, the fact is we can't all see things in the same ways, that's why we have the poor class, the mid-class aka average, and the rich class, most times, fear is what's holding many people back to achieving great things in their lives, fear is not always a good thing, some times you need to face it.

When it comes to investment, to lower your fear level you only need to throw in money you aren't afraid of losing, doing this will erase your fear completely, some don't have extra cash that they don't need though, that's why they are in fear and some people end up been forced to invest in Bitcoin by their friends and family.

I am in no way saying it's wrong, but it's not totally right too, because you don't know where your friend is getting the money from, you who introduce Bitcoin to friends should be the one telling them to invest money they don't need or little amount as if they aren't getting it back, this will give them peace in mind, thinking that even if the worst happens they will be fine, since it's just a 100$ they invest, or 200$ or more, depending on how much they can afford to lose.

No Risk No Reward.

I find it somewhat problematic to suggest that all fears regarding Bitcoin investment are unwarranted. Theres a certain degree of prudence in apprehension, and we mustnt overlook that Bitcoin, as revolutionary as it may be, is still a highly volatile asset. Theres a difference between fear and prudent caution - one paralyzes, the other informs decisions.

To say "invest only what you're willing to lose" is an oversimplified sentiment. A smarter approach is to consider risk tolerance and financial capacity, to educate oneself thoroughly about the asset in question and make an informed decision.

Moreover, classifying people into poor, mid-class, and rich based on their investment decisions is a somewhat reductionist viewpoint. Economic standing and financial literacy arent always correlated. I've seen wealthy individuals make poor decisions and vice versa.

However, I do agree with you on one point - No risk, no reward. But lets not forget that unnecessary risks are as dangerous as fear itself.

[Victorik]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

[Mr.suevie]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

You only sell when you don't understand the true benefit of actually holding your BTC, during the bear season all big time and both first time investors should be happy because it's actually a prime time to buy as much BTC as you can to hold and wait for the bull market to come. I bought some BTC during the bear market and have been holding it for some time now and I don't intend on selling even if the market dips and thats because I understand that the bitcoin market is volatile.

[Lorence.xD]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

And you don't need to force yourself to invest, if you think you're not capable enough to invest or put your assets at stake then don't risk it. I mean you could start by investing at yourself first, gain knowledge and study the techniques then you could apply those with starting in a small amount so if the time comes that you already have the money to invest, then you are already ready. For sure those who have a lot of needs in life thinking about investment, but due to financial need they are more focus on finding a source of money than studying the investment. Also crypto needed to be connected in gadgets since it's digital plus the internet so there's a lot of thing you need to consider before investing.

[Mpamaegbu]

I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin

Those who still feel that only online businesses  and cryptocurrency investments are fraught with risk should wake up from their slumbers. Risk is an every day thing and it cuts across all strata. Whether online or offline with physical addresses, risk is there. I've seen businesses get knocked down in demolition for contravening government policies or roadmap and millions of hard earned cash go down the drain. Yet, those aren't online businesses. Those who've made up their minds to pursue online investments shouldn't allow themselves be discouraged by the ignorance of others.

As for procrastination, what's happening now may seem a child's play to those who haven't experienced halving before. They rather get on the bus now or wait and watch price movement once rally commences. It's always a joy to watch how price rallies upward during such time.

[JayJuanGee]

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

  I agree with you and I think i should have included that in my post for forum members to be guided because someone who's not financially stable or occupied with lots of bills with a spare cash to spare shouldn't be thinking of buying the and holding for the next bull run and it would only be considered procrastination when their able to meet up their needs effortlessly with lots of cash to spare and refused to take  the opportunity of investing and yielding more in the next halving which is fast approaching, alot of person are willing to seize this opportunity to participate in the next massive bull run coming (2024) but are  facing challenges  which is very understandable, but there are also people who are privileged but still have a doubt or fear of investing  currently when the price is still  okay to investing on, well everyone has a right to choice and is responsible for their choices whether good or bad, in as much as cryptocurrency doesn't discriminates not everyone would be opportuned to benefit from it, many are called but few are chosen.

For sure there are members responding in this thread in regards to a variety of reasons why they might not invest into bitcoin, or making comments about how sure that they believe the BTC price is going to have significant upwards pressures upon it from the halvening that will have good chances of having the BTC price go up significantly within a period of time after the halvening such as up to around a year afterwards.

We likely realize that there are plenty of people who are not sufficiently convinced that the risk to their losing their money is worth the possible upside potential, so if they are not taking actual actions in regards to investing into bitcoin, then they are not procrastinating, even though at a later date they might end up changing their mind merely based on witnessing BTC prices going up rather than having had gotten any kind of greater education of bitcoin as investible asset.

There are a lot of ways that normies procrastinate, including failing/refusing to research into some ideas that they have heard about and maybe they know that they should do a bit of research.. but they procrastinate getting started in to their research, and they also may procrastinate about getting their finances in sufficient order in order that they know about their budget (such as how much free cash that they might have or be able  to have, in order to be able to invest into something new like bitcoin).  Some people have such lack of clarity about their own finances that they cannot even determine if they might be able to invest $10 per week into bitcoin, let alone a more aggressive investment of $100 per week, and surely they cannot even attempt to be more aggressive with their investment into bitcoin or into anything else, unless they figure out enough of their specifics in order to know how much spare money that they have on a weekly or monthly basis.... so some of these people fail/refuse to invest into anything (maybe they have bought residential property or they have a 401k plan?) because they are not sufficiently in touch with their own cashflow or even maybe having enough of a cash reserve that does not continue to end up being depleted into because they may well be spending more than their income allows. so there are many (if not too many) people who might live on the edge due to their own sloppiness rather the fact that they don't have enough income.

Of course, as some members mentioned, there are likely some people who do not have enough cashflow, and it is not even because they are not trying to increase their cashflow, but they are having difficulties in terms of increasing their cashflow in order that they might be able to invest into bitcoin (or any other investment).

Even once any of us might have had gotten our shit together sufficiently enough that we are ready, willing and able to invest into something like bitcoin, we still might thereafter have to figure out how to source our bitcoin - such as getting them on some kind of an exchange, in the event that we are able to set something like that up in our jurisdiction or if we are able to figure out reputable other sources to purchase our bitcoin.... sometimes even if someone we know might have given us a recommendation, we might either feel uncomfortable with the recommendation or feel that we need to research more into that specific recommendation as compared with other options regarding ways that we might purchase BTC.

I do like the topic of this thread because it does potentially touch upon a lot of issues that people have, including some of their reservations and reluctancies that come up from time to time, and sometimes their behavior might be described as procrastination.. especially if they are putting off something that they already realize that they should do.. but sometimes they might not be in a position to do the thing that some of us bitcoin HODLers might believe that they need to do, because first they would likely have to do some other things (whether research or getting their finances in order or other things) in order to actually set themselves up into a position that they would actually be able to act upon something like positive beliefs about bitcoin that they might have.... but they are not quite to the place that they are actually ready, willing and able to act. and they sometimes might not even realize why they are not able to act.   

Sometimes I tell people to just get the fuck started.   Some people have some obstacles in their head that if they are going to invest into something that they need to invest a decent amount, otherwise it is not going to matter... which sure there is some correctness in that, but if they keep considering that they have to come up with $1k or $2k or some higher amount to get started, then they will never start because they are not going to be able to do enough homework in order to get a place to get started, so getting off zero likely has more likelihood of happening if the newbie nocoiner (or low coiner) just starts out really small (such as $10 per week), and then even if they do not get to a more preferable amount (such as $100 per week), at least their having had started to invest $10 per week will get them motivated to research into the bitcoin matter or to pay more attention to bitcoin-related matters - and surely the vast majority of people are not even ready to take some action.. but starting out small should make it a lot easier for people, even though many of us who are already in bitcoin realize that we are still in very early days to bitcoin, and it is likely going to take a pretty long time for people to come into bitcoin and the longer they wait, the more likely that they are just going to be paying way higher prices than the current prices, even if they are able to buy on dips later down the road.

[abel1337]

I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin

Those who still feel that only online businesses  and cryptocurrency investments are fraught with risk should wake up from their slumbers. Risk is an every day thing and it cuts across all strata. Whether online or offline with physical addresses, risk is there. I've seen businesses get knocked down in demolition for contravening government policies or roadmap and millions of hard earned cash go down the drain. Yet, those aren't online businesses. Those who've made up their minds to pursue online investments shouldn't allow themselves be discouraged by the ignorance of others.

As for procrastination, what's happening now may seem a child's play to those who haven't experienced halving before. They rather get on the bus now or wait and watch price movement once rally commences. It's always a joy to watch how price rallies upward during such time.

There are some people who likes to see physical assets rather than virtual assets as if they can see a real value on their investment and they receive some assurance on where there money gets. It's like buying on malls rather than on an online shop. There's an assurance they can get from the money they get. We are on the time that investments, businesses and most of the financial things can be done online though there are still people who doubt it even though there are many positive feedbacks just like investing on bitcoin. Sooner or later people who planned on investing on bitcoin but didn't do it because of uncertainty or the risk that they are afraid of will make them regret it when the bull market comes.

[qwertyup23]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Procrastination can be because of your hesitation, uncertainty or it can be your lack of investment budget.

If you don't have investment budget, you only can work and in the meantime, have to procrastinate your investment.
Don't be hurry and borrow money to invest because you don't want to procrastinate.

If you have investment budget but hesitate to do it several months before a halving, you must look at history of bitcoin and its price after past halvings.

I definitely agree with your statement.

Even if the halving is slowly coming, this should not be a reason to disregard the basic rules of investment. If you do not have sufficient resources in order to purchase BTCs as of the moment, never take out a loan to proceed your investment. A risk in itself should not create further risks.

In order to maximize this event, it is recommended that a person should allocate and budget their resources for investments entirely. Like what OP mentioned, avoid procrastinating and investing at the last hour- this is something that should be well-prepared and saved.

[Russlenat]

I do not think that there is anyone who would procrastinate when it comes to buying bitcoin in preparation for the next halving. If wishes were horses but not everyone has the means to buy bitcoin as they would want to. A lot of people may have a major problem which is financial constraint to be able to invest buy bitcoin now in hope for the halving.  Basically, what I would advice folks is that they should prioritize buying bitcoin now. The price may or may not go up after the next halving we cannot tell. We are only relying on past data to predict the future and as you have rightly said, when there is shortage of supply and high demand, the price would go up.

We have some individuals that'll be procrastinating and many of them are on the forum, how you'll know they have procrastinated is when Bitcoin rises but they'll be all negative in their replies wishing for Bitcoin to correct again so they can buy. Some individual still think we haven't gotten to the bottom of the bear maket as some are calling for Bitcoin to fall to below $20k again and probably fall lower.

I think this set of individual needs to get their heads together or they'll be missing out on an opportunity to get bitcoin at a very low prices. Bitcoin is climbing up and it has been holding a strong support above $30k, soon the price might start increasing to $31k and above.

One thing is certain, those who procrastinate from buying and hodling bitcoin might have their own, individual reasons. It could be lack of finances or budget, or it could be because of doubt and fears that bitcoin will end up as a big scam just like most of the investments online. Well, if they will stick to these, they will continue to miss bitcoin opportunities and may end up regretting seeing those who take the risk have finally paid off and become successful. But those who remain fearful and doubtful will never see progress in their own lives.

[Agbe]

Yes what you said is correct and also if someone is Procrastination himself to buy bitcoin in the dip, there are some other factors that the person is considering or facing. Family load, financial issue,  and also the basic knowledge of the person about bitcoin. Because if one does not have the basic knowledge on bitcoin, he has to learn to know more before buying. So with that, he will be Procrastinating to buy bitcoin at all the times. There are some times that the person might have money but family bills would consumed them all so he would postpone it to the next time that he will have money and that is how Procrastination starts.

[Mpamaegbu]

~

There are some people who likes to see physical assets rather than virtual assets as if they can see a real value on their investment and they receive some assurance on where there money gets. It's like buying on malls rather than on an online shop.

I've such people around me. The annoying part for me with them is that it's not even as if they've tried this stuff in practical reality before condemning it. There's this rave right now in my country with online banks springing up without any physical addresses. Many of my compatriots aren't embracing that, thinking anything online can shutdown any day without any trace. That can be true but then these online banks have been really tremendous with their quick services, better than the physical banks we've. I patronize one of the banks, though not throwing in my all in that account. I rather test something new and innovative than not try it at all and then condemn it ignorantly. This is what many do online, condemning what they barely have an idea of.

[Dr.Bitcoin_Strange]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

You mean it? Well, some people can agree with you, but I don't, and you know why? because you yourself spend over $15 or $20 in a week (even if not in 7 days, before every 9th day is over, you can spend more than $20). Yeah, I think so. Some people are spending even $40, $80, or $100 or $200 in a week, but they have not invested in Bitcoin, not because they don't like it but because of procrastination. They will say to themselves, "I will invest next week," and if that next week comes, then they will give another excuse: "Oh, this money is not enough; I will invest if I receive my salary by ending of the month." That is how it continues with a lot of people until they end up not Investing.

Bitcoin is the simplest investment, with a DCA strategy. Even if you don't have enough money to save, you can decide to save $2.5 for every $20 you spend In a week. $2.5 X 4 weeks = $10. If you form the habit of investing $10 every month X 12 months in a year, that's $120. Although it's small, but it's good to always start somewhere rather than procrastinate every time, while you are spending money every day to buy some other stuffs.

Imagine someone who spends $100 every week and saves at least $20 each week to invest in Bitcoin; that's an investment of $80 into Bitcoin every month. It wouldn't be a bad investment. It's better than not Investing at all. Although no one is to be compelled to invest in Bitcoin, but I'm speaking of those who have full interest in Bitcoin but are making excuses (procrastinating). Even on some platforms, you can buy as little as $5 worth of Bitcoin. You don't really need $100, $500 or $1000 before you can invest into Bitcoin.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[dzungmobile]

For sure there are members responding in this thread in regards to a variety of reasons why they might not invest into bitcoin, or making comments about how sure that they believe the BTC price is going to have significant upwards pressures upon it from the halvening that will have good chances of having the BTC price go up significantly within a period of time after the halvening such as up to around a year afterwards.

Do you think more people use the word 'halving' than 'halvening'?

I know about halvening but I think if nowadays, halving is more popularly used, we should use that term rather than 'halvening'. Two cents.

Interesting when I see Coinbase used both terms in their blog article.  

Coinbase article

Halving (Coinmarketcap Glossary)
Bitcoin Halving (Investopedia)
Bitcoin Glossary of Terms (Bitcoinmagazine)
What is the halvening

The first user used 'halvening' term in Bitcointalk is

On the other hand, lower prices are increasing the yield: at current price YABMC is paying >3% weekly.
At that rate, getting back the whole capital invested as dividends in a few months, before the halvening, while ASICS are still a pie in the sky, does not seems so unlikely to me.

The term 'halving' is used about one year earlier, in 2011.

you send N coins to me
I send N/2 back to you.

simple as that.
no catches, no strings attached.
you know upfront how much you'll loose
and I promise to keep having a good life.

if it goes well, I will change the ration keep/return
from 1:1 maybe up to 5:95
but you'll always loose your bitcoins
in this schema.
at least I'm honest and do not promise doubling or so.

JayJuanGee, please join What term to use? Halving or Halvening?

[Ultegra134]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Procrastination can be because of your hesitation, uncertainty or it can be your lack of investment budget.

If you don't have investment budget, you only can work and in the meantime, have to procrastinate your investment.
Don't be hurry and borrow money to invest because you don't want to procrastinate.

If you have investment budget but hesitate to do it several months before a halving, you must look at history of bitcoin and its price after past halvings.

I definitely agree with your statement.

Even if the halving is slowly coming, this should not be a reason to disregard the basic rules of investment. If you do not have sufficient resources in order to purchase BTCs as of the moment, never take out a loan to proceed your investment. A risk in itself should not create further risks.

In order to maximize this event, it is recommended that a person should allocate and budget their resources for investments entirely. Like what OP mentioned, avoid procrastinating and investing at the last hour- this is something that should be well-prepared and saved.

Actually, we've had a few members here, mostly newbies, who claimed to have borrowed money or taken a loan in order to purchase Bitcoin. It's still unclear if their story is valid or if it was an attempt to seek attention, but despite what it truly was, I'm positive that there are members who actually went ahead and invested with borrowed money. I'm curious to know how it turned out for those people. While I understand and admire their enthusiasm about Bitcoin investing, I find the whole argument extremely risky and reckless. There's a great chance these people lost their money.

I fully get that the halving is due to happen and people are both frustrated and enthusiastic about it, but that's no excuse to disregard basic common knowledge; this shouldn't even be investment advice that you must not spend money that you don't have and can't afford to lose.

[Victorik]

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

  I agree with you and I think i should have included that in my post for forum members to be guided because someone who's not financially stable or occupied with lots of bills with a spare cash to spare shouldn't be thinking of buying the and holding for the next bull run and it would only be considered procrastination when their able to meet up their needs effortlessly with lots of cash to spare and refused to take  the opportunity of investing and yielding more in the next halving which is fast approaching, alot of person are willing to seize this opportunity to participate in the next massive bull run coming (2024) but are  facing challenges  which is very understandable, but there are also people who are privileged but still have a doubt or fear of investing  currently when the price is still  okay to investing on, well everyone has a right to choice and is responsible for their choices whether good or bad, in as much as cryptocurrency doesn't discriminates not everyone would be opportuned to benefit from it, many are called but few are chosen.

Yea. For those that have the means of investing in BTC are either afraid or like you said procrastinating. There are enormous opportunities in holding BTC and every one on this forum who is knowledgeable about BTC knows this and should take advantage of it.

[Victorik]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

And you don't need to force yourself to invest, if you think you're not capable enough to invest or put your assets at stake then don't risk it. I mean you could start by investing at yourself first, gain knowledge and study the techniques then you could apply those with starting in a small amount so if the time comes that you already have the money to invest, then you are already ready. For sure those who have a lot of needs in life thinking about investment, but due to financial need they are more focus on finding a source of money than studying the investment. Also crypto needed to be connected in gadgets since it's digital plus the internet so there's a lot of thing you need to consider before investing.

Yea, I was only responding to the OP who said that procrastination is the reason why some people are not taking advantage of the next Bitcoin halving to buy now.

And true, the first investment should be on yourself, gain enough knowledge so you can make informed decisions.

[Victorik]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

And you don't need to force yourself to invest, if you think you're not capable enough to invest or put your assets at stake then don't risk it. I mean you could start by investing at yourself first, gain knowledge and study the techniques then you could apply those with starting in a small amount so if the time comes that you already have the money to invest, then you are already ready. For sure those who have a lot of needs in life thinking about investment, but due to financial need they are more focus on finding a source of money than studying the investment. Also crypto needed to be connected in gadgets since it's digital plus the internet so there's a lot of thing you need to consider before investing.

Yea, I was only responding to the OP who said that procrastination is the reason why some people are not taking advantage of the next Bitcoin halving to buy now.

And true, the first investment should be on yourself, gain enough knowledge so you can make informed decisions.

[Victorik]

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin.  I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

Well, you may be right, but everyone has their priority. Someone who can barely feed himself will not be thinking about investment, his primary need is food.
So, you assertion about investing with savings is only true if you have enough to spare after meeting your primary needs.

And you don't need to force yourself to invest, if you think you're not capable enough to invest or put your assets at stake then don't risk it. I mean you could start by investing at yourself first, gain knowledge and study the techniques then you could apply those with starting in a small amount so if the time comes that you already have the money to invest, then you are already ready. For sure those who have a lot of needs in life thinking about investment, but due to financial need they are more focus on finding a source of money than studying the investment. Also crypto needed to be connected in gadgets since it's digital plus the internet so there's a lot of thing you need to consider before investing.

Yea, I was only responding to the OP who said that procrastination is the reason why some people are not taking advantage of the next Bitcoin halving to buy now.

And true, the first investment should be on yourself, gain enough knowledge so you can make informed decisions.

[Ale88]

You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

If someone still has to buy bitcoin for me, the best way, would be to invest and buy the same amount every single month, in this way you can mediate the price so it doesn't really matter whether the price goes up or down. There is a fair chance that we may see a new ATH 6-12 months after the halving, there still is plenty of time to start accumulating, guys, you're still in time!

[Z-tight]

And it happens every years and many people are not aware of this ongoing in the crypto space

This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.

[bangjoe]

You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

If someone still has to buy bitcoin for me, the best way, would be to invest and buy the same amount every single month, in this way you can mediate the price so it doesn't really matter whether the price goes up or down. There is a fair chance that we may see a new ATH 6-12 months after the halving, there still is plenty of time to start accumulating, guys, you're still in time!

Yes, we still have plenty of time to buy bitcoin, and Halving is still 291 days left from now on for its implementation, but that does not mean that we have to wait for Halving to happen then we invest after approaching Halving, we don't know how much the price of Bitcoin was traded at that time.
Better to collect it from now on, there is no need for much just from the remaining money at the end of each month, if done regularly and consistently I think you will get a decent number of Bitcoin decimal, we don't know whether ATH in the cycle will come after the current cycle will come after Halving or before Halving, think carefully if you continue to postpone it, except if you don't have the money to buy.

[JayJuanGee]

For sure there are members responding in this thread in regards to a variety of reasons why they might not invest into bitcoin, or making comments about how sure that they believe the BTC price is going to have significant upwards pressures upon it from the halvening that will have good chances of having the BTC price go up significantly within a period of time after the halvening such as up to around a year afterwards.

Do you think more people use the word 'halving' than 'halvening'?

Wow.. you are really distracted.  

Sure no problem deviating from the topic of procrastination, and maybe there is some relation to your own topic, since OP does mention "halving" in the subject line... and he even talks about the halvening topic, even though surely he spells halvening differently from me.

I have not attempted to measure which spelling version is more popular, even though I am pretty sure that I have been using halvening since I started to talk about (mention) the idea in any posts that I made.. probably going back to 2014.. but I don't really know when I first used the word in any of my posts (and I did not ONLY talk about bitcoin in the forum.. especially in my earlier days in bitcoin)... My first posts about bitcoin would have been around November 2013 - right around the time that I first started to consider buying bitcoin and then following through with my first BTC purchase at the end of November... it may have taken me a few months before I mentioned the halvening in any post that I made.

I know about halvening but I think if nowadays, halving is more popularly used, we should use that term rather than 'halvening'. Two cents.

You can do what you like.   

Interesting when I see Coinbase used both terms in their blog article. 
Coinbase article

Fuck coinbase.


hahahahaha

just kidding.  They are not completely evil... but they don't have any authority in regards to how people use bitcoin or how they think about bitcoin or how they talk about bitcoin.

Halving (Coinmarketcap Glossary)
Bitcoin Halving (Investopedia)
Bitcoin Glossary of Terms (Bitcoinmagazine)
What is the halvening

Those references that you gave seem to show "halving" or "halvening" to be optional and/or interchangeable uses.

The first user used 'halvening' term in Bitcointalk is

On the other hand, lower prices are increasing the yield: at current price YABMC is paying >3% weekly.
At that rate, getting back the whole capital invested as dividends in a few months, before the halvening, while ASICS are still a pie in the sky, does not seems so unlikely to me.

The term 'halving' is used about one year earlier, in 2011.

you send N coins to me
I send N/2 back to you.

simple as that.
no catches, no strings attached.
you know upfront how much you'll loose
and I promise to keep having a good life.

if it goes well, I will change the ration keep/return
from 1:1 maybe up to 5:95
but you'll always loose your bitcoins
in this schema.
at least I'm honest and do not promise doubling or so.

Those examples have no authority, either way.

JayJuanGee, please join What term to use? Halving or Halvening?

I will look at that thread (that you just started.. apparently inspired by your own ponderenenings in this here thread)  and add it to my watchlist.

[JayJuanGee]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Procrastination can be because of your hesitation, uncertainty or it can be your lack of investment budget.

If you don't have investment budget, you only can work and in the meantime, have to procrastinate your investment.
Don't be hurry and borrow money to invest because you don't want to procrastinate.

If you have investment budget but hesitate to do it several months before a halving, you must look at history of bitcoin and its price after past halvings.

I definitely agree with your statement.

Even if the halving is slowly coming, this should not be a reason to disregard the basic rules of investment. If you do not have sufficient resources in order to purchase BTCs as of the moment, never take out a loan to proceed your investment. A risk in itself should not create further risks.

In order to maximize this event, it is recommended that a person should allocate and budget their resources for investments entirely. Like what OP mentioned, avoid procrastinating and investing at the last hour- this is something that should be well-prepared and saved.

Actually, we've had a few members here, mostly newbies, who claimed to have borrowed money or taken a loan in order to purchase Bitcoin.

It is not just newbies who engage in various kinds of use of debt in order to leverage their bitcoin bets (whether to the upside or the downside), and margin trading has been in bitcoin since about 2014 or so.. with more and more options in order to play around with financing that might not necessarily have been discussed in forum threads.. people sell houses (chairs) and do all kinds of things in order leverage (and sometimes overly leverage) up on bitcoin purchases.  A large part of our various corrections in the last year (especially rearing itself in mid-May 2022 or so) had to do with a variety of degenerate gamblers, some of whom quite experiences, and we were witnessing more and more examples, in the last year in which people were not ONLY leveraging with their own money, but surely the better thing to do is to leverage with other people's money, right?.. so yeah, some of that would also be unethical and/or illegal, and another matter is proving it... but part of my point, is that leveraging for UPpity is not just a newbie practice/behavior... including Michael Saylor (and MSTR) who has engaged in a lot of creative ways of "leveraging for UP."

It's still unclear if their story is valid or if it was an attempt to seek attention, but despite what it truly was, I'm positive that there are members who actually went ahead and invested with borrowed money. I'm curious to know how it turned out for those people.

Everyone's story is going to be a bit different in terms of how they employ leverage, how much they employ, and whether they have alternative funds to back up their bitcoin investment in case their leverage does not end up paying off.   I have used leverage for years whether in bitcoin or for other sometimes risky investments, but it tends to be better to use leverage in ways in which you have funds to cover your leverage in case your investment does not work out.. so for example if you take out a loan for $20k that you have to pay in 2 years, and you use that money to buy bitcoin, and you are able to either pay your loan with other funds (in the event that bitcoin does not out perform the terms of the loan), or you have income that is coming in that can pay the loan, then you might be using the loan to front load your investment into bitcoin based on money that you currently do not have but that you are largely able to generate in the coming 2 years (and not even from your bitcoin investment)... you still end up gambling whether taking the loan pays off or not, but you likely do not need to use loans in such a way that you put yourself into a position that you are not able to deal with the consequences in either direction.

While I understand and admire their enthusiasm about Bitcoin investing, I find the whole argument extremely risky and reckless. There's a great chance these people lost their money.

So what if they lose their money or not... it is ONLY "extremely risky and reckless" if they expect their bitcoin investment to pay their loan terms, and sure some people do end up overly leveraging themselves (also known as gambling rather than investing), and if they want to be dumb like that, then that is their choice, and hopefully they learn their lessons.. but it is also true that some people make mistakes and then they continue to make the same mistakes over and over because they have a gambling disease and they have not figured out how to use leverage in ways that is mostly going to benefit them rather than to either reck them or to cause them to never really be able to get ahead because they just gamble over and over and over and they even believe that they have to gamble in order to make money --- or they want to make up for their past mistakes.. such as GO BIG or go home, which are not healthy ways of thinking, and likely not to be prosperous, even if there also might be some examples of some folks who have gotten lucky from their gambling techniques.. but part of the problem is that many of those gambler types won't even know when to stop or when to take profits because they can never get enough so they likely will loose their gains sooner or later, even if they might get some "lucky breaks" along the way.

I fully get that the halving is due to happen and people are both frustrated and enthusiastic about it, but that's no excuse to disregard basic common knowledge; this shouldn't even be investment advice that you must not spend money that you don't have and can't afford to lose.

I have no problem with those kinds of ideas/suggestions.

[Out of mind]

The first Bitcoin halving took place in 2012, reducing the block reward from 50 BTC to 25 BTC. The second halving occurred in 2016, further reducing the reward to 12.5 BTC. The most recent halving took place in May 2020, cutting the reward down to 6.25 BTC.
The next $BTC halving event is expected to take place in April 2024.
source

[dezoel]

What procrastination has to do with investing? When investing is more on a passive side. In fact, a lot of lazy people just try their luck in investing thinking it will bear them a good wealth later on. Procrastination only becomes a bad thing if you are already a poor person. Even if you badly want to invest, you cannot do it because you have no money in your pocket.

We are getting closer to the halving event and we can feel the vibe already because crypto prices are now starting to get stronger again. People should act now quickly before they regret and complain that the price is already high. We know, this is a common mentality here.

[DaNNy001]

What procrastination has to do with investing? When investing is more on a passive side. In fact, a lot of lazy people just try their luck in investing thinking it will bear them a good wealth later on. Procrastination only becomes a bad thing if you are already a poor person. Even if you badly want to invest, you cannot do it because you have no money in your pocket.

We are getting closer to the halving event and we can feel the vibe already because crypto prices are now starting to get stronger again. People should act now quickly before they regret and complain that the price is already high. We know, this is a common mentality here.

I like to think its not only those who don't money to invest that always procrastinate, someone who has the funds but lacking proper and full knowledge of what he is putting his money into can also procrastinate when it comes to acquiring some BTC because he will be skeptical about the price and thinking that would be thinking that every time he would want to invest is going to be the wrong time and so doing miss all the available opportunities to actually start an investment.

[Vaculin]

The fact is no one gets to succeed if you are always procrastinating important things or events in your life. That will only make your life more doomed and insignificant. But everything will change if you will start taking risk and taking the opportunity that is right in front of you. Bitcoin is the perfect example. Everyone is making their best to own and be in profits with bitcoin, so don’t let yourself miss another opportunity again and end up regretting.

[GeorgeJohn]

One of the things that makes people not to invest in bitcoin is as result of mislead of information some people have the courage to invest in bitcoin  but due to friends and people who don't know bitcoin too well and people who castigate bitcoin are one of the people who mislead people who regretting today not to invest in bitcoin when they know bitcoin, during bitcoin investment the first you need to consider before investing in bitcoin is the rotation of the price, rotating the prices showing that the price is not stable, that should not discourage people,many people who is investing with bitcoin now have first castigate bitcoin investment, so I believe anyone who want to invest should not base on side talk or advice before investing.

[LogitechMouse]

I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin, they focus more on the negative side or losing or fear of losing out completely other than the benefits of investing in bitcoin, there are others who are willing to take a bold step but have little knowledge or need guidance from crypto enthusiasts, i have an information for these set of people because knowledge they say is power and constant education and information would enable people to fast track the adoption of bitcoin and enjoy it's benefits.
~
 You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

You can teach them if you want to. If you want to help them, and you have the knowledge then you can guide them.

Guide them. Teach them, and encourage them to invest into Bitcoin. Negatives? This is the reason why people aren't even touching or learning Bitcoin. The number one reason is the fact that it's volatile, and I guess those who want to help other people must teach them the benefits of it.

There are many information online that will help them learn even just the basics. As for Bitcoin halving, it just happens, and I have nothing to say about it aside from one thing. Months after the halving, Bitcoin's price goes up significantly. Well that's base on history. As for procrastinators, I don't think that we can say that they're procrastinating if they don't have the capital to use to invest. Yes procrastinating is really a bad thing (because I've done that as well in real life multiple times), but there are some instances where people just don't have money to invest. What's wrong is that, you have the money, and yet you are just procrastinating saying "I'll just do it later".

[South Park]

One of the things that makes people not to invest in bitcoin is as result of mislead of information some people have the courage to invest in bitcoin  but due to friends and people who don't know bitcoin too well and people who castigate bitcoin are one of the people who mislead people who regretting today not to invest in bitcoin when they know bitcoin, during bitcoin investment the first you need to consider before investing in bitcoin is the rotation of the price, rotating the prices showing that the price is not stable, that should not discourage people,many people who is investing with bitcoin now have first castigate bitcoin investment, so I believe anyone who want to invest should not base on side talk or advice before investing.

Many people by nature are very risk averse and as such when they see the movements of bitcoin they cannot help to be afraid of investing in it, and I cannot blame them, after all they are the kind of investors which will see a drop in the price and they will immediately sell their coins out of fear, and until that volatility drops even further then many people will still refuse to enter this market, independently of the profits they could get.

[uneng]

What procrastination has to do with investing? When investing is more on a passive side. In fact, a lot of lazy people just try their luck in investing thinking it will bear them a good wealth later on. Procrastination only becomes a bad thing if you are already a poor person. Even if you badly want to invest, you cannot do it because you have no money in your pocket.

We are getting closer to the halving event and we can feel the vibe already because crypto prices are now starting to get stronger again. People should act now quickly before they regret and complain that the price is already high. We know, this is a common mentality here.

You have to take action to start an investment, even though it's going to work on passive mode later. Since those people are procrastinating, they never start the investment, therefore they don't have access to the benefits of having a passive income investment active on their wallets. I believe procrastination also has something to do with being a lazy and insecure person who is unable to take action before it's too late.

So these people tend to stick with the negative aspects of Bitcoin, instead of focusing on the potential positive results it can bring to them once they become adopters and investors. History repeats itself, and there will be always people complaining during the halving pumps they didn't buy Bitcoin because they thought it was too expensive, and that on the present moment they aren't going to buy anyway, since it's even more expensive than before. After all, they never get in.

[Peanutswar]

Actually people ideal to make a plan and prcastination is not an option with this if you are fully prepared with the market you can make a good entry with your assets position imagine you know what are the next possible price movement and you didn't enter because of your tardiness instead you have your profit at the end could possible late position and right timing that's the down of the market.

It seems like you want to go to an investment without preparation and let the market makes you profit. This could serve possible loss.

[goldkingcoiner]

Better to buy Bitcoin now and then procrastinate on selling.

I think procrastinating is perhaps the wrong term for someone who still has not bought Bitcoin. Most people who cannot make up their mind on when to buy Bitcoin are simply suffering under the delusion that somehow, sometime, Bitcoin will drop to a few dollars and then go up to 1 million USD. They are waiting to make that "golden purchase". But the truth is that they will be left behind. And they will definitely regret not having bought Bitcoin when they had the chance.

Oh well, to each his/her own.
 

[Mpamaegbu]

Most people who cannot make up their mind on when to buy Bitcoin are simply suffering under the delusion that somehow, sometime, Bitcoin will drop to a few dollars and then go up to 1 million USD. They are waiting to make that "golden purchase".

Definitely, such people who can't make up their minds when to buy will be left behind. I dare say that anyone who has this type of mindset isn't an investor but an opportunist who is waiting for the slightest sight of bull to cash out. That's if they eventually buy in. If anyone with such a mindset is reading this thread now, my suggestion to them is to go on DCA – Dollar Cost Averaging. With that, they get to buy in bits each time there's a slight dip in price instead of waiting for an illusive perfect entry that may not ever happen.

[Mate2237]

Procrastination is never a good habit because it steals our opportunities and makes us lose them. So let us stop procrastinating and do what we know will bring us great benefits. 
 
But if I may say what bring about the mentality of many People's postponing their investment in bitcoin despite their awareness of the halving period, I may say that is a lack of proper understanding of the cryptocurrency market. The fear may be in them that maybe the bull run will not happen, but I see all that as a lack of proper knowledge of cryptocurrency or lack of enough money.

But situation make people to procrastinate things that they can do in the shortest period. Procrastination is not good but when you don't have the resources to execute the project what will you, won't you postpone it? And all fingers are not equal so people must procrastinate things to the future to do when they have the resources. I don't think someone with the right sense and have all the required resources in his house and yet he is Procrastinating the project then something is wrong with the person.

If I have money to buy bitcoin instant I won't procrastinate in it but whereby I don't have the money at the moment then procrastination will definitely come to stage.

[nimogsm]

good topic for discussion. According to my observations, my friends always bought cryptocurrency after the main event, that is, they did not want to prepare and spend time on their own training, which is why they do not receive the profit they need, because at the initial stages they were lazy.On the one hand, this is even better, as there is less competition between earlier investors.

[hannahB4]

As I will advise, when one hears about things firstly you do your research and decide on the best amount you can invest, so that people may not necessarily be procrastinating but doing their research into what they are investing their money in, if we tell a new investor to invest and wait till the next halving to have more profit and it doesn't happen what to tell then

[Nwada001]

good topic for discussion. According to my observations, my friends always bought cryptocurrency after the main event, that is, they did not want to prepare and spend time on their own training, which is why they do not receive the profit they need, because at the initial stages they were lazy.

They did not make a profit because they bought after the main event, but that does not mean they won't be able to make a profit in times to come. One good thing about holding before the event is that you never really know the exact time that the event will take place or how long it will take after the event before the coin price will move up.

After a successful positive price movement to a New ATH, those who purchase it with the hope of getting a profit in the next move are always left with the option of holding until how long it might take the coin to break the limit where it was when they made their purchase, or they sell off and record some losses (not advisable). Provided that Bitcoin is the purchased coin, there is always some possibility that the price will double in the near future; it's just a matter of patience.
 

On the one hand, this is even better, as there is less competition between earlier investors.

How do you think this is good? Buying and holding coins has nothing to do with little people buying turning out to be in favor of investors; in fact,  I see it profiting when there is a lot of demand, where there will be lots of people buying it, which might likely increase the price to a new level.

[Asuspawer09]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

 I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin, they focus more on the negative side or losing or fear of losing out completely other than the benefits of investing in bitcoin, there are others who are willing to take a bold step but have little knowledge or need guidance from crypto enthusiasts, i have an information for these set of people because knowledge they say is power and constant education and information would enable people to fast track the adoption of bitcoin and enjoy it's benefits.
 
 In the crypto ecosystem there's something called the crypto solar eclipse also known as the bitcoin halving.
 Bitcoin Halving- The bitcoin halving is a period when the price of bitcoin goes high, due to it's scarcity because of the drastical removal of bitcoin in a block. And it happens every years and many people are not aware of this ongoing in the crypto space, the previous halving was in (2020) and the next halving is forthcoming  so now is the best time to purchase and hodl btc because it could go beyond the price it attained in the last halving which was about $60k and In my opinion I think it might go beyond $100k. https://www.investopedia.com/bitcoin-halving-4843769

 This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.
 You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

I mean it's not just procrastination, I think most people or investors' problem is they just doesnt have enough money to invest yet. They think that they need a big amount of money to start investing I think. I already know Bitcoin when the market price was just around 400$  but at the time I was just a student so I just can't afford Bitcoin at that time but if I do have money probably I'm going to invest it in Bitcoin at that time.

I guess what they don't realize is if they could start buying at a very low amount of Bitcoin, they could easily accumulate Bitcoin over time by buying a small amount of Bitcoin similar to dollar cost averaging, You are right, Bitcoin halving is an important event on Bitcoin and probably they are the event that could trigger the Bullrun meaning you need to position your self on the market while it's still early, If you position your self early you have a lot more room for a higher profit, that means you could easily HODL your Bitcoin on to the top with just a little risk, since you could easily sell when the market price drop because its still a profit anyway because you bought at the bottom.

[knowngunman]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

Procrastination is one thing that can not be separate with human especially when you lack the knowledge. In the case of crypto, lack of knowledge is what result to procrastion. Most of people who have little or no knowledge about crypto misunderstand crypto with ponzi which to them might eventually runaway with their funds. Considering how hard it is now to make money, procrastination is expected when you hear something you lack it's knowledge and how it works.

Spreading knowledge about how Bitcoin works is more important than talking about it benefits. It's that benefit that we emphasize on the reason why they are procrastinating and doubting it genuinely. It's important to accumulate bitcoin as fast as you can before the halving.

[mvdheuvel1983]

Contrary to what you think, it may not Procrastination that hindering Bitcoin enthusiasts from investing in Bitcoin in preparation for the next halving. As Bitcoin enthusiasts we understand how important and profitable the next halving would be for everyone but them we don't all have it going well for all of us at the same time. And we have our different schedules and plans on how to invest in Bitcoin prior to that time. The halving is still many months away and there is still enough time for anyone who wants to get it to get it. Even so called procrastinators can have a rethink.

[so98nn]

Excellent. I came to know this word after reading it twice. This is something I am avoiding since 3-4 years now and yes it has benefited me a lot. Same like others here I am so much looking forward to wait for the halving results. I missed the opportunity in two halving processes but this time that’s taken care of. Better to start adding more and more Bitcoins in our wallets.

Preferably start a time lock command through electrum or other preferred wallets thus making sure we do not get the urge of selling out our Bitcoins.

[Dr.Bitcoin_Strange]

Contrary to what you think, it may not Procrastination that hindering Bitcoin enthusiasts from investing in Bitcoin in preparation for the next halving. As Bitcoin enthusiasts we understand how important and profitable the next halving would be for everyone but them we don't all have it going well for all of us at the same time. And we have our different schedules and plans on how to invest in Bitcoin prior to that time. The halving is still many months away and there is still enough time for anyone who wants to get it to get it. Even so called procrastinators can have a rethink.

It's never procrastination for everybody, but for some people, it is. According to the OP, it's just a general statement and those who it really concerns would take the advice more seriously.

Just as you have said that there is still time to accumulate before the halving finally comes, that's the excuse some people are using to procrastinate their BTC purchase because they are believing to make money soonest to invest before the time will be over. They fail to realise that the market can just experience a high uptrend any day, and by then they might only be able to buy a few fractions of Bitcoin. I think even if one can invest as little as $5 every week, maybe when they have enough money that they are expecting, they can still buy more as they want.

[JayJuanGee]

Procrastination is never a good habit because it steals our opportunities and makes us lose them. So let us stop procrastinating and do what we know will bring us great benefits. 
 
But if I may say what bring about the mentality of many People's postponing their investment in bitcoin despite their awareness of the halving period, I may say that is a lack of proper understanding of the cryptocurrency market. The fear may be in them that maybe the bull run will not happen, but I see all that as a lack of proper knowledge of cryptocurrency or lack of enough money.

But situation make people to procrastinate things that they can do in the shortest period. Procrastination is not good but when you don't have the resources to execute the project what will you, won't you postpone it? And all fingers are not equal so people must procrastinate things to the future to do when they have the resources. I don't think someone with the right sense and have all the required resources in his house and yet he is Procrastinating the project then something is wrong with the person.

If I have money to buy bitcoin instant I won't procrastinate in it but whereby I don't have the money at the moment then procrastination will definitely come to stage.

You are NOT describing procrastination.

If you are lacking in resources or some other aspect (even conviction), and then you delay based on those kinds of reasons, then those kinds of behaviors do not fit within the definition of procrastination.  In order to fit within the definition of procrastination, you have to have the resources and/or all of the necessary items in order to carry out the task (bitcoin buy in this case).

good topic for discussion. According to my observations, my friends always bought cryptocurrency after the main event, that is, they did not want to prepare and spend time on their own training, which is why they do not receive the profit they need, because at the initial stages they were lazy.On the one hand, this is even better, as there is less competition between earlier investors.

Fuck shitcoins.  We are not talking about shitcoins in this thread.

As I will advise, when one hears about things firstly you do your research and decide on the best amount you can invest, so that people may not necessarily be procrastinating but doing their research into what they are investing their money in, if we tell a new investor to invest and wait till the next halving to have more profit and it doesn't happen what to tell then

You tell them that they are 100% responsible for anything that they choose to do, including whether or not to invest into bitcoin and how much to invest into bitcoin.  They have to figure out those kinds of details themselves, including figuring out if they might have had made a mistake by investing into bitcoin without blaming anyone except for themselves for any decisions and/or action that they choose to take, even if they were relying on some person who happens to have had been wrong and/or overly passionate (about bitcoin).

Provided that Bitcoin is the purchased coin, there is always some possibility that the price will double in the near future; it's just a matter of patience.

If you say it is a matter of patience, then you are implying that there is some kind of guarantee, and there is not.

The better way to think about the subject of bitcoin investing into the future is that it is a matter of position size, so you take a position based on how probable you believe that the BTC price might go up versus going to zero (or some other scenario(s) in which you do not profit.

So if you place $1,000 into bitcoin, and it goes to zero you have lost $1k, however, there are scenarios in which your $1k could go up to $2k, $5k, $100k, 1,000k or some other amount, so you can weigh the probability of the various possible outcomes to consider how much of a position size (allocation) into bitcoin that you believe would be good for you in case some kind of an UPpity scenario were to take place rather than some other scenario, including a downity or sideways scenario.

I mean it's not just procrastination, I think most people or investors' problem is they just doesnt have enough money to invest yet. I think that they need a big amount of money to start investing I think.

Yeah.. but we already know that with bitcoin, you don't need a lot of money.  You ONLY need to have money that is extra (that you can afford to invest) that goes beyond the money you need for expenses, such as eating, lodging, transportation, entertainment, emergency expenses, etc.  Once you figure out that you have $1 extra per week that you can afford to invest, then you can put that $1 per week into bitcoin, and surely it helps to have more, but you can ONLY do what you can in terms of how much money that you are able to generate as being extra that you don't need, and it is likely that having had invested into bitcoin will give more options than if you had chosen not to invest into bitcoin... but of course, since the payoff of investing into bitcoin is not guaranteed, you still have to figure out how much to invest and how aggressive to be in terms of your bitcoin investment, in the event that you have some discretion in regards to the amount that you are able to put in.

I already know Bitcoin when the market price was just around 400$  but at the time I was just a student so I just can't afford Bitcoin at that time but if I do have money probably I'm going to invest it in Bitcoin at that time.

Surely some people have tight cashflows at various points in their lives, and then in those cases, it probably would either not be wise to invest into bitcoin or to adjust their position size to a lower amount that is within their budget.

I guess what they don't realize is if they could start buying at a very low amount of Bitcoin, they could easily accumulate Bitcoin over time by buying a small amount of Bitcoin similar to dollar cost averaging, You are right, Bitcoin halving is an important event on Bitcoin and probably they are the event that could trigger the Bullrun meaning you need to position your self on the market while it's still early, If you position your self early you have a lot more room for a higher profit, that means you could easily HODL your Bitcoin on to the top with just a little risk, since you could easily sell when the market price drop because its still a profit anyway because you bought at the bottom.

I agree with everything you say here - except that you don't necessarily need to be attempting to play the waves and to sell when it goes up and buy back lower, even though it could be prudent to engage in some kind of BTC portfolio management that involves selling some as the price goes up or at various higher prices in the event that you can recognize higher prices and in the event that you might not end up with fewer BTC because you did not time your sell properly (meaning that you end up selling too much too early).

Another way of thinking about the matter is just buy BTC and continue to buy BTC and perhaps buy more when the price goes down and to buy fewer if you believe that the price is going up too quickly.. but then it is not easy to determine these kinds of matters, even though there are probably ways to continue to buy BTC and then to figure out at what point you have enough BTC or that you have too many BTC.. which makes it easier to sell BTC as the price goes up if you have too many and the quantity of BTC that you are selling is not going to cause you to regret not having them if they BTC price keeps going up after the time that you sold them.

Procrastination is one thing that can not be separate with human especially when you lack the knowledge. In the case of crypto, lack of knowledge is what result to procrastion. Most of people who have little or no knowledge about crypto misunderstand crypto with ponzi which to them might eventually runaway with their funds. Considering how hard it is now to make money, procrastination is expected when you hear something you lack it's knowledge and how it works.

Yeah.. but we are not talking about crypto or shitcoins here, so why do you need to bring up such an amorphous and meaningless concept.  Who the fuck knows what you mean, when you say there is something going on in "crypto?"

The mere fact that others uses such dumb and amorphous terms, including mainstream media and including that uneducated people use such dumb language, does not mean that we should be repeating such meaningless gobbledy gook ways of speaking.   

Hint:  If you are talking about bitcoin, then use the term bitcoin, but if you are talking about something else, then say what you are talking about rather than making some kind of vague reference that does not really have meaning... "I am invested in cryptocurrencies."  That's a meaningless statement that does not tell us what the fuck you are invested into... specify.. what it is that you are talking about so that we have some kind of idea, instead of just spouting out some vague and meaningless reference.

[Bitstar_coin]

I am also guilty of procrastinating alot and sometimes missing out on opportunities. I really am trying to change that habit and learn to make prompt decisions when necessary.
In the issue of buying btc, there is no point on procrastinating because it will be the best decision you made. History of btc can tell already what to expect and buying to hodl is never a wrong choice.

[Fiatless]

I am also guilty of procrastinating alot and sometimes missing out on opportunities. I really am trying to change that habit and learn to make prompt decisions when necessary.
In the issue of buying btc, there is no point on procrastinating because it will be the best decision you made. History of btc can tell already what to expect and buying to hodl is never a wrong choice.

Bitcoin is still in its early stage therefore I think the best time to buy is when you have the money. Some people want to wait will the price of Bitcoin get to an all-time low before they buy. Some of them end up mismanaging the funds or even spending them on luxury. Others keep the money in the bank and the money will lose value due to inflation. Keeping money in fixed deposit until the price of Bitcoin goes low might not be helpful in some countries. The price might never go down to the extent one expects so buying now and holding is never a wrong choice regardless of the price.

Hint:  If you are talking about bitcoin, then use the term bitcoin, but if you are talking about something else, then say what you are talking about rather than making some kind of vague reference that does not really have meaning... "I am invested in cryptocurrencies."  That's a meaningless statement that does not tell us what the fuck you are invested into... specify.. what it is that you are talking about so that we have some kind of idea, instead of just spouting out some vague and meaningless reference.

The word "crypto" is misleading and ambiguous there should always be a clear distinction between Bitcoin and others. If we don't, we might end up misleading people that are not aware of the clear difference between Bitcoin and these shitcoins.

[Distinctin]

And it happens every years and many people are not aware of this ongoing in the crypto space

This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.

I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits.

[Blitzboy]

And it happens every years and many people are not aware of this ongoing in the crypto space

This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.

I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits.

We'd all like to believe that after the halving, the price of bitcoin will rocket upwards. Doesn't that sound like a certain method to amass wealth quickly? However, you are correct. Bitcoin is not constructed with pixie dust.

Waiting for a slow cooker dinner to complete cooking after being cut in half is akin to hunger. The market usually doesn't react dramatically or immediately to a mining reward drop of 50%. Making a delicious stew only requires a steady boil

DCA is a brilliant plan. It's the same as when you're cooking and you add things little by little, stir, and wait for the flavour to come together. This strategy isn't really novel, but it has proven effective in the past. And don't forget that you can use Bitcoin for more than just making money. It's a radical shift.

[PeRo]

Great point, and I kind of see myself procrastinating since can't really manage my budget to get an amount of money and invest until the halving comes and even when I can, I always end up pouring it out elsewhere. Budget problems and a bit of hesitation can really be a killer since I'm postponing my investment yet I know I should do it as soon as possible. Since my company is a startup I can't really be that confident so I have to wait for a time in which I know I will have an amount to invest.

I mean, it is never too late to invest but we should definitely use the advantage of the halving as it will a hundred percent make a big price pump, as it was seen every time it happened in the past. Don't postpone it if you have the resources to do it right now.

[GideonGono]

I am putting every drop of my excess money into Bitcoin and trying to keep it till the next halving,
Hoping that this could be another one to create a new ATH or even just be close to the current ATH price.
I want to accumulate as early as possible before it starts to fly high again, and I know that we would see so many insane speculation about the price again when it starts to go high in an insane speed.

[rikybrosh]

many people always in doubt and then they lost opportunity. when the price of bitcoin fall they afraid to buy because they think it maybe fall deeper also they afraid to buy when the price rise because they think it is too expensive for them. for people who always in doubt to buy, I think it will be good if they do DCA. at least they will not lost their fiat money value, the longer they procrastinating the more their fiat money value will decrease because of inflation. it is always better to become early bitcoin holder, also it will be better if they have good strategy.

[justdimin]

This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.

I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits.

It may not mean that the price will rise right away, but at least it means that we are going to do fine, and that matters, that difference matters. Also maybe it will not go up right away, but it will certainly go up after a while and that means good things. Bitcoin price always goes up after the halving, that has been the case so many times in a row now and I do not think that it will change anytime soon neither, we are going to keep seeing that happen one way or another.

This is why it's quite important to see that type of difference, it matters and we should care about it. It's a difficult thing to trust the future, I know that, but at the end of the day at least trust the past and how it has been after each halving.

[Nwada001]

If you say it is a matter of patience, then you are implying that there is some kind of guarantee, and there is not.

The better way to think about the subject of bitcoin investing into the future is that it is a matter of position size, so you take a position based on how probable you believe that the BTC price might go up versus going to zero (or some other scenario(s) in which you do not profit.

So if you place $1,000 into bitcoin, and it goes to zero you have lost $1k, however, there are scenarios in which your $1k could go up to $2k, $5k, $100k, 1,000k or some other amount, so you can weigh the probability of the various possible outcomes to consider how much of a position size (allocation) into bitcoin that you believe would be good for you in case some kind of an UPpity scenario were to take place rather than some other scenario, including a downity or sideways scenario.

I believe in the scenario that the only time I should completely be feeling worried or calculating losses in any amount that I have invested in Bitcoin is when I have completely sold out my holdings at a price lower than what I initially purchased them at.

Economically, when the price of goods purchased is no longer valued up to the price at the time of purchase, losses will immediately be recorded. But in times of Bitcoin investment, I feel otherwise. It's only when I have one person succeed in selling their holdings because of the fear of price uncertainty. That loss should be recorded, provided that the Bitcoin is still held without a SAT being removed. I believe the chances of it getting back to the price at the time of purchase and doing 2X are higher than what it will take for it to completely liquidate.

[JayJuanGee]

If you say it is a matter of patience, then you are implying that there is some kind of guarantee, and there is not.

The better way to think about the subject of bitcoin investing into the future is that it is a matter of position size, so you take a position based on how probable you believe that the BTC price might go up versus going to zero (or some other scenario(s) in which you do not profit.

So if you place $1,000 into bitcoin, and it goes to zero you have lost $1k, however, there are scenarios in which your $1k could go up to $2k, $5k, $100k, 1,000k or some other amount, so you can weigh the probability of the various possible outcomes to consider how much of a position size (allocation) into bitcoin that you believe would be good for you in case some kind of an UPpity scenario were to take place rather than some other scenario, including a downity or sideways scenario.

I believe in the scenario that the only time I should completely be feeling worried or calculating losses in any amount that I have invested in Bitcoin is when I have completely sold out my holdings at a price lower than what I initially purchased them at.

Economically, when the price of goods purchased is no longer valued up to the price at the time of purchase, losses will immediately be recorded. But in times of Bitcoin investment, I feel otherwise. It's only when I have one person succeed in selling their holdings because of the fear of price uncertainty. That loss should be recorded, provided that the Bitcoin is still held without a SAT being removed. I believe the chances of it getting back to the price at the time of purchase and doing 2X are higher than what it will take for it to completely liquidate.

Of course, if you are either currently in profits or you are in profits in the future, then you have more options, and you feel better about your holding bitcoin, but still, there is no guarantee that you will ever be in profits, even though the odds for your being in profits are greater once you are already in profits.

Whether I am stating the obvious or not, there are a lot of ways to measure how much of a gain that you are getting out of having bitcoin as one of your options, and historically, those people who have been able to mostly error on the side of accumulating bitcoin and holding onto their bitcoin have tended to have done a lot better than those people who have cashed out of bitcoin.. especially if they are cashing out large portions of your bitcoin.

Another thing is that it makes a pretty big difference if you have built up less than a year of an investment portfolio versus if you have built up an investment portfolio that has a value that is somewhere in the 20-30 years worth of your cost of living.  You have way more options in the second case, so it may well not really matter very much (or make much of a difference) in your life if you are fucking around too much and counting profits in regards to having ONLY a small investment portfolio, such as one that is less than one year of your income, and it can take a decently long time to get your investment portfolio to the size of 20-30 years of your income..

....so for example, if you spend 10 years saving and investing 10% of your salary, then maybe in 10 years you have invested/saved a whole years worth of income.. but you also might have to count on the value of your investment sufficiently increasing in order to keep up with the cost of living increases.. so that creates another challenge in regards to where you put your investment portfolio value and how such investment portfolio ends up performing - including that if you might end up spending 10 years to 30 years really getting to a place in which you have figured out how to balance your investment portfolio and that maybe the value of your investment portfolio can start to compound upon itself in order to perhaps start to do some of the work for you in terms of gaining in value, but at the same time, you have to consider both gaining in value, as well as making sure that you are not taking too many risks of losing your principle because you are trying to rush the compounding in value process.

No one can tell you exactly how to strike those kinds of balances, and the extent to which moving your value around whether that is from bitcoin into dollars or into other kinds of assets is going to bring the right kinds of balances in order to keep your investment portfolio growing sufficiently well in order that it's value gets you to a place in which you feel that you are building up a sufficient quantity of adequate options...

and none of it is guaranteed... even though many of us believe that building a bitcoin portfolio is good and keeping a certain amount of ongoing value in bitcoin is good too.. and some of us are not considering cashing out into dollars or anything else except perhaps in small kinds of ways rather than BIGGER kinds of ways that might end up putting us into too many dollars and not enough bitcoin...

So where is your balance?  The answer now is likely going to be different than it is at various points down the road as maybe each of us has to tweak our BTC (and other forms of wealth) accumulation, maintenance and liquidation plans at various points during our journeys.

[blckhawk]

Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.

[BALIK]

This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.

I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits.

It may not mean that the price will rise right away, but at least it means that we are going to do fine, and that matters, that difference matters. Also maybe it will not go up right away, but it will certainly go up after a while and that means good things. Bitcoin price always goes up after the halving, that has been the case so many times in a row now and I do not think that it will change anytime soon neither, we are going to keep seeing that happen one way or another.

This is why it's quite important to see that type of difference, it matters and we should care about it. It's a difficult thing to trust the future, I know that, but at the end of the day at least trust the past and how it has been after each halving.

There is no solid evidence that bitcoin will increase in price after the halving, whether it happens immediately or after a while. It is true that in the past, bitcoin has always increased after the halving, but there is no guarantee that things will repeat in the future. If bitcoin is sure to go up in price and everyone knows about it, won't we all get rich easily? Everything is just our expectations and predictions, so there is still a risk if we focus too much on halving. I agree with what Z-tight said, bitcoin is a long term investment, and it always returns when you hold it long term.
Don't speculate about the halving, it's like gambling.

[JayJuanGee]

Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.

You come off as wee bit ill-informed blckhawk.

Part of the nature of an investment into bitcoin is that it is an asymmetric bet to the upside, so if you put in $1k, the most that you are going to lose is $1k.  You can be as aggressive or whimpy as you like in terms of the amount that you invest, but if you go overboard, and become overly aggressive, then you may well end up recking yourself.  Also, if you are overly whimpy, then it may take a long time (if ever) for the amount that you invested to become a meaningful amount, and of course, there are no guarantees that you are either going to profit stupendously or that bitcoin might not end up going to zero... even though if you study bitcoin for a bit, you likely will realize that bitcoin's investment thesis is pretty damned strong since it is a paradigm shifting asset class that is likely facilitating and going to continue to facilitate the greatest peaceful wealth transfer in history.... for those who are so bold to get some bitcoin, in case it catches on.

So each person is responsible for their own decisions regarding whether to invest into bitcoin and how much to invest into bitcoin in accordance with their own individual circumstances, and also it likely would be better to learn about bitcoin too, but surely there are a lot of people who invest into bitcoin but really don't even know anything about bitcoin except for the belief that it is number go up (NGU) technology.

There is no solid evidence that bitcoin will increase in price after the halving, whether it happens immediately or after a while. It is true that in the past, bitcoin has always increased after the halving, but there is no guarantee that things will repeat in the future. If bitcoin is sure to go up in price and everyone knows about it, won't we all get rich easily? Everything is just our expectations and predictions, so there is still a risk if we focus too much on halving. I agree with what Z-tight said, bitcoin is a long term investment, and it always returns when you hold it long term.
Don't speculate about the halving, it's like gambling.

That's true.. the halvening is too short of a timeline... and even in the longer term we cannot completely know that bitcoin will end up going up, even though if you study into bitcoin and try to identify and figure out what it is, then you likely realize that bitcoin has a pretty damned strong investment thesis.. and so part of the prudence of investing into it, is that sure, you could lose everything that you invested, but at the same time, there are various scenarios in which pretty high payoffs could play out in relatively short periods of time,


....and perhaps BTC's value is around 1,000x or higher than gold, but it could take 100 or 200 years to reach such prices, even if it were to happen, or it could happen more quickly.. but there are too many unknowns in terms of trying to figure out specifics, even if we might realize that there are ongoing and continuous upwards pressures upon BTC prices... which have to do with what it is, which is the strongest and most sound money ever created/discovered (up until now). .. and if you look at the situation, there is nothing that we can see that is likely even close to a competitor to bitcoin currently or likely to happen, since there is a need for a 10x improvement in order to kick out the incumbent, and bitcoin is way better than a 10x improvement in any system that it is replacing, too.

[Wimex]

It's inside all of us, I sometimes hesitate to take action when I have a feeling that a certain project will do very well, the reason why I hesitate is still unknown to me and after I start regretting my actions, I am a Bitcoin investor and I am also an altcoin investor, I only hesitate with altcoin investment but not Bitcoin and even with the altcoin investment, I always make the right decisions sometimes and other times I the wrong ones too.

Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.

Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.

It is because of circumstances like this that i encourage people especially those new to this cryptographic world, to educate themselve.. To learn about everything related to bitcoin since it came to light for the first time, since it is something unique that can prevent procrastination to make strategic movements in the most important events of this asset, i understand that terror invades since most do not like to lose and it is a normal feeling in human beings but in situations like the ones that are about to occur is when you have to make decisions and leave the comfort zone in which many take refuge, this is an opportunity that occurs every 4 years, how could it be missed? it is the best time to experiment and shoot to win. If we never dare to make this type of play we will never know if it was the right thing to do.

[adzino]

Not a bad idea, but don't buy bitcoin just for the "next" halving. What makes you think that the price of bitcoin is going to go up because of the halving? Crypto currency prices are unpredictable. Don't invest based on the events. Invest only if you can afford to invest. Invest if you are willing to hold long term and be committed for lets say two or three years. Yes, the price do go up due to up before and during the halving (and because of the hype..), but you shouldn't be risking your money like this. Yeah, you can if you have money that you can afford to lose. Instead, focus on investing some amount of savings that you won't need and keep investing as long as you can. Halving or not, just keep investing.

-snip-
I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k.
-snip-

And what if the price goes even higher than the $30k you mentioned? Wouldn't it be too late to buy? That's why, don't wait for the price to fall or rise. Just invest if you can, sit back and relax.

[Reatim]

Good advice, too bad I'm struggling to pay bills, insurance and finance for my sibling's college fund and I don't have any savings yet so I guess I'll have to watch the market go up again and think of the what ifs, who knows though, I might be able to slip in some money so I am not missing out entirely. Not everyone can afford to buy bitcoin to hodl and wait for halving, they just don't have the patience and situation for it, maybe it works for some but it's arrogant to command everyone to do what you want just because the action is proven effective.

actually you can use bitcoin as an investment same as savings for your college expenses since this will take time before happening , and yes I also use this  method/strategy now .

Though I make sure that there will be enough funds for my eldest son when he enters college yet the bitcoin savings will be for my second and third children.

I know that it maybe risky but me and my wife is willing to take that chance and will give us at least another 4 years before that time comes and we believe in Bitcoin that  will make this possible and surely will make us richer then.

____________________________________________

OP you might know that Halving is near to come and we need more money to invest but lets not tell others to provide from what they can afford to lose.

if people can manage to put all their money before halving then that is perfect but we must always have a plan B , because though it never happened before but what if this halving we go sideways?

sorry for not trusting 100% buyt i am just being realistic in life.

[blckhawk]

Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.

You come off as wee bit ill-informed blckhawk.

So each person is responsible for their own decisions regarding whether to invest into bitcoin and how much to invest into bitcoin in accordance with their own individual circumstances, and also it likely would be better to learn about bitcoin too, but surely there are a lot of people who invest into bitcoin but really don't even know anything about bitcoin except for the belief that it is number go up (NGU) technology.

Ill-informed? I was just saying that before people buy bitcoin, that they should check the reality around them, that they might not be able to afford to invest in it because they lack the excess money from their paychecks which I think is logical. Of course they are responsible for their own decisions, it doesn't hurt to pitch in ideas so they can further think about their next step. I don't know much about those people that you are talking about but in my opinion, those people are not so different from the clients of the Wallstreet stockbrokers, they may have some knowledge but I don't think I can classify them as someone that knows what they're talking about when it comes to stocks.

[JayJuanGee]

It's inside all of us, I sometimes hesitate to take action when I have a feeling that a certain project will do very well, the reason why I hesitate is still unknown to me and after I start regretting my actions, I am a Bitcoin investor and I am also an altcoin investor, I only hesitate with altcoin investment but not Bitcoin and even with the altcoin investment, I always make the right decisions sometimes and other times I the wrong ones too.

Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.

It is because of circumstances like this that i encourage people especially those new to this cryptographic world, to educate themselve.. To learn about everything related to bitcoin since it came to light for the first time, since it is something unique that can prevent procrastination to make strategic movements in the most important events of this asset, i understand that terror invades since most do not like to lose and it is a normal feeling in human beings but in situations like the ones that are about to occur is when you have to make decisions and leave the comfort zone in which many take refuge, this is an opportunity that occurs every 4 years, how could it be missed? it is the best time to experiment and shoot to win. If we never dare to make this type of play we will never know if it was the right thing to do.

Bitcoin is an opportunity of a lifetime, rather than an opportunity of every 4 years because, even though it is likely that the 4 year cycle is going to continue to contribute to UPwards price pressures on BTC, there is no guarantees that bitcoin's price is going to perform in alignment with such halvening cycles...

Yet, at the same time, it seems that historically the longer that anyone invests into bitcoin, the better off that they are likely to be.. so in those kinds of terms, the expression "it's time in the market, NOT timing the market" seems to be very applicable to the bitcoin space.

In other words, it is likely better to get into bitcoin sooner rather than later, and to establish some kind of an ongoing plan that allows you to establish and to build your stake into bitcoin in accordance with your own situation.. that may well end up including accumulation of BTC through a variety of methods that might include DCA, lump sum investing and buying on dips.. and of course, once you start to establish a BTC stake, then you are likely to have more options and continue to have more options as long as you are mostly erroring on the side of building your BTC portfolio rather than fucking around with trying to get in and out or to mess with other kinds of trading scenarios that get caught upon trying to figure out the ups and downs of the 4 year cycles and the extent to which they will continue to occur in some kind of a pattern way... and even with all that it could take a person 2, 3, 4 or more cycles to really establish their BTC stash and to really be able to profit, have options and benefit from likely ongoing compounding effects of the likely ongoing upward price pressures within bitcoin, even while there is likely going to continue to be violent BTC price moves that go in both directions.

Not a bad idea, but don't buy bitcoin just for the "next" halving. What makes you think that the price of bitcoin is going to go up because of the halving? Crypto currency prices are unpredictable. Don't invest based on the events. Invest only if you can afford to invest. Invest if you are willing to hold long term and be committed for lets say two or three years. Yes, the price do go up due to up before and during the halving (and because of the hype..), but you shouldn't be risking your money like this. Yeah, you can if you have money that you can afford to lose. Instead, focus on investing some amount of savings that you won't need and keep investing as long as you can. Halving or not, just keep investing.

-snip-
I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k.
-snip-

And what if the price goes even higher than the $30k you mentioned? Wouldn't it be too late to buy? That's why, don't wait for the price to fall or rise. Just invest if you can, sit back and relax.

I agree with everything that you say in the above post, adzino - however, your suggestion that 2-3 years is a long term investment seems misplaced, and also may well keep people thinking in terms of getting in and out of bitcoin within the period of one 4-year cycle, and for those kinds of reasons it is likely better to suggest that their investment timeline is better to be thought of in terms of at least a 4-year timeline and perhaps even quite longer than that.. 4-10 years or more.. and sure there are likely some exceptions in which someone might have specific needs in which they are not able to invest for at least 4-10 years or more, but then they might have to consider to change a bit of how they allot into bitcoin (perhaps taking a smaller position).. and surely there are ways to trade the BTC market which surely are on shorter time-frames, but trading is not really an "investment" practice for the vast majority of normal people, since it takes some special skills to figure out how to benefits from trading without overly risking principle.

if people can manage to put all their money before halving then that is perfect but we must always have a plan B , because though it never happened before but what if this halving we go sideways?

sorry for not trusting 100% buyt i am just being realistic in life.

Of course, I largely agree with these points, but you have framed the matter a bit strangely, and maybe that is because people frequently frame these kinds of investment allocation matters in weird and nonspecific ways.  There are not very many people who are able to go into bitcoin with 100% of their cash reserves, and for the vast majority of people, they are going to need to have cash on hand and maybe even other investments, so it is likely erroneous to even be saying that they are 100% into bitcoin or any other investment - except maybe if they are saying that they have an investment portfolio, and their investment portfolio is 100% into bitcoin, which seems like it might end up happening from time to time.

Sometimes we might need to flesh out what we mean in term of how aggressive that we might be in an investment, and if we can figure out how much savings/investments that we have totally (what is the size of our networth), and figure out our cashflow and then figure out from there how much we might have available on a monthly basis to be able to put into bitcoin, then those are going to be helpful exercises that also help us to better explain and to be specific in regards to how we are talking about how aggressive that we might be in terms of building our bitcoin holdings.

And, surely you are valid in terms of making your overall criticisms that individuals who try to go into bitcoin really heavily prior to the halvening and then wait to cash out after the halvening, might end up in a kind of problematic kind of approach to how they think about their bitcoin investment and whether or not if they are able to accomplish their goals, which also might be to attempt to acquire more BTC when the price drops back down (presuming that the price might drop back down at some point after it goes up).

Personally, I do believe that it is good to attempt to project out your expected cashflows and then to create a budget for your bitcoin that involves lump sum investing, DCA and buying on dips, and the extent to which anyone might be considering selling BTC in order to buy back lower, I would caution to consider those selling to buy more BTC as being inferior techniques and even inferior ways of thinking about how to accumulate bitcoin - if we presume that a lot of people are likely in BTC accumulation mode - except that a lot of people are so short term in their thinking that they have inabilities to actually think in terms of long term BTC accumulation rather than short-term pleasures that they might get from cashing out some or all of their BTC at various points (which ends up putting them with way fewer - and perhaps no BTC) and more cash, so they feel that they have profited from their transaction in the short-term... which might not end up playing out so well in terms of long term possibilities.. and the way that so many folks end up cashing out way too many BTC too soon, and then they later become bitter in regards to their failure to recognize and appreciate bitcoin as long-term wealth-building strategy.. and it is a matter of proportions in terms of how to feel that you do not have to sell too many BTC too soon or that you do not have to feel that you need to overly stock up on Bitcoin out of hopes that you are going to be able to cash some of that out upon a BTC price run.. which can get you into trouble if the BTC price does not move in the direction that you would like and in the timeline that you would like.

Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.

You come off as wee bit ill-informed blckhawk.

So each person is responsible for their own decisions regarding whether to invest into bitcoin and how much to invest into bitcoin in accordance with their own individual circumstances, and also it likely would be better to learn about bitcoin too, but surely there are a lot of people who invest into bitcoin but really don't even know anything about bitcoin except for the belief that it is number go up (NGU) technology.

Ill-informed? I was just saying that before people buy bitcoin, that they should check the reality around them, that they might not be able to afford to invest in it because they lack the excess money from their paychecks which I think is logical. Of course they are responsible for their own decisions, it doesn't hurt to pitch in ideas so they can further think about their next step. I don't know much about those people that you are talking about but in my opinion, those people are not so different from the clients of the Wallstreet stockbrokers, they may have some knowledge but I don't think I can classify them as someone that knows what they're talking about when it comes to stocks.

Sure some people are gambling with their bitcoin stash and their approach to bitcoin, and there as you suggested there are dangers in taking a gambling approach to bitcoin that involves overly investing with money that you could not afford to lose in the event that the BTC price does not move in the direction that is expected and within the timeline that had been expected.

At the same time, there are a decently large number of ways to take a fairly assertive and aggressive approach to bitcoin investing without necessarily getting maniacally focused on the need for short-term BTC price moves to the upside and also apportioning BTC investment risks in such a way that you are prepared for either BTC price direction, while expecting that downside scenarios are not as likely as upside scenarios, especially in the longer term and if you can withstand/tolerate that downside scenarios may well end up playing out in the short term - which may well be either opportunities to buy more BTC or at least to NOT sell, even if you might have run out of money to buy more BTC while the price seems to be going down (or staying down) for degrees of DOWNity severity and for periods of time that are much longer than had been anticipated to be possible.

Of course, there are all kinds of people in bitcoin who approach bitcoin from perspectives that may or may not end up paying off for them - and in that regard, each person has to figure out the extent to which s/he considers bitcoin as some kind of a compliment to other investments that they have (such as property, stocks, bonds, commodities) or if they might consider that bitcoin is going to serve as their only investment (besides having cash) in which they are building their wealth to a point in which they consider that further diversification is something that they will likely do later down the road after they have built up their bitcoin investment portfolio to size in which it might start to feel that too much value is in there.. whether that is when the get to an investment portfolio that is 20% of their annual income 100% of their annual income 2-5x of their annual income or some other number in which they determine that they might have too much of their value in one asset (namely bitcoin, which we know to be a quite volatile asset to have a large portion of value into it.. and perhaps considering the extent to which their are back up funds and assets that might be available to draw upon during bitcoin downity periods.. and those other investments likely do not need to be shitcoins .. but instead other asset classes that are less likely to be specifically correlated to bitcoin, which again would be things like property, stocks, bonds and commodities.

[UniJoin]

Yet, at the same time, it seems that historically the longer that anyone invests into bitcoin, the better off that they are likely to be.. so in those kinds of terms, the expression "it's time in the market, NOT timing the market" seems to be very applicable to the bitcoin space.

Interesting idea. I opened a chart with a timeframe of 1 week, I can even see with the naked eye that if you first bought Bitcoins at the top, say at a price of $69,000 (and continued to buy, keep the same time intervals and identical amounts), then your investment should have already paid off.

[JayJuanGee]

Yet, at the same time, it seems that historically the longer that anyone invests into bitcoin, the better off that they are likely to be.. so in those kinds of terms, the expression "it's time in the market, NOT timing the market" seems to be very applicable to the bitcoin space.

Interesting idea. I opened a chart with a timeframe of 1 week, I can even see with the naked eye that if you first bought Bitcoins at the top, say at a price of $69,000 (and continued to buy, keep the same time intervals and identical amounts), then your investment should have already paid off.

The last couple of years have been tough, especially if anyone might have front load their investment in 2021... and even bought a lot of coins between $50k-ish and $69k-ish.. so even if they continued buying after severe price drops in May 2022 and thereafter, it may well have taken a bit of extra efforts to bring their average BTC buy prices down to current prices.

Even Michael Saylor started buying in mid 2020 - when BTC prices were around $10k, yet his large subsequent buys in 2021 brought his average price per BTC up quite a bit... so he is currently ONLY barely in profits.

You can see in fillippone's spreadsheet, which also has a link at the beginning of his same thread on the topic of Microstrategies/Saylor.

Another good way to attempt to calculate profitability and how many coins that any of us might have gotten with a decently long term investment strategy into BTC is to look at the Dca.com website in which it tends to show that the longer that any of us has been in the BTC market, the more likely it is going to be profitable, so you can play around with dates (up to 9 years) and amounts in order to try to figure out how many BTC you might have been able to accumulate during your selected period of time. 

So for example, if you had been consistently buying $100 per week of bitcoin for the past 2.5 years, you would barely be profitable with an investment of about $13,300 and an accumulated BTC stash of 0.4468, so at today's prices you would barely be in profits, but if you increase the timeline, then the more and more you would have been in profits with a consistent investment strategy.

Of course, one of the aberrations of any DCA strategy may well be that we are not necessarily ready, willing or able to front load our investment into BTC (or any other asset) because for many people, their income goes up with time, so they are able to invest more and more with the passage of time - yet if the investment (asset class) ends up appreciating in value at a rate that is faster than the dollar losing value (or other investments) then their earliest investments were likely to have had the ability to compound more and more over the years in order to end up causing their overall investment portfolio to have had appreciated in value way more than the amount put into it, and some of that based on the appreciation of their earliest of investments.

[UniJoin]

You can see in fillippone's spreadsheet, which also has a link at the beginning of his same thread on the topic of Microstrategies/Saylor.

Another good way to attempt to calculate profitability and how many coins that any of us might have gotten with a decently long term investment strategy into BTC is to look at the Dca.com website in which it tends to show that the longer that any of us has been in the BTC market, the more likely it is going to be profitable, so you can play around with dates (up to 9 years) and amounts in order to try to figure out how many BTC you might have been able to accumulate during your selected period of time.  

Thanks for the details. Always amazed at the ability of some users to search for information here on the forum. I once tried to search for something by keyword but was disappointed with the results (I used the forum search bar). The table you provided is just as great (whereas I could only find information on the internet about how many Bitcoins Michael Saylor had in 2021). Looks like I need to take a break.

[$crypto$]

I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k.
-snip-

So when is the right time? waiting for bitcoin to return at $16K? what if that doesn't happen again and instead bitcoin continues to rise? is it ultimately when bitcoin is higher than now for example $40k or $50k is also not the right time to buy bitcoin and have to wait until bitcoin returns to the price of $30k as it is today?
Indeed buying on the dip will look quite attractive but we also have to look at the situation. For now I think when you can afford to buy why not because we also have nothing to lose if we are ready to wait because I believe bitcoin will still continue to rise in the coming years.
Maybe the emphasis in this case is strategy and I will not prohibit the buying strategy that you do it's just that things like this I don't want to do because I still like the DCA system even though some people say this price is too high and will still wait at the bottom price it doesn't matter to me to buy now. as for when the price is even lower, yes I still buy with a larger volume.

[JayJuanGee]

You can see in fillippone's spreadsheet, which also has a link at the beginning of his same thread on the topic of Microstrategies/Saylor.

Another good way to attempt to calculate profitability and how many coins that any of us might have gotten with a decently long term investment strategy into BTC is to look at the Dca.com website in which it tends to show that the longer that any of us has been in the BTC market, the more likely it is going to be profitable, so you can play around with dates (up to 9 years) and amounts in order to try to figure out how many BTC you might have been able to accumulate during your selected period of time.  

Thanks for the details. Always amazed at the ability of some users to search for information here on the forum. I once tried to search for something by keyword but was disappointed with the results (I used the forum search bar). The table you provided is just as great (whereas I could only find information on the internet about how many Bitcoins Michael Saylor had in 2021). Looks like I need to take a break.

Frequently, I get confused by the results of the search bar on the forum, and also I realize that doing a broad internet search will not even help to narrow down the retrieval of information to answer specific questions.

The main reason that I was able to get that spreadsheet information was because I had been watching fillippone's MSTR thread, and I knew that he maintained a spreadsheet that was linked to the first post (OP) of the thread.   

Also I realize that sometimes I read information, and then I cannot recall from where I had gotten the information, so I realize that it can sometimes be a bit frustrating to go back and to search.. because sometimes you might hear (or see) information for the first time, and then you don't necessarily know that you might need to refer to such information at a later point in time and you therefore have to try to remember where you had seen (or heard) the information.

We also know that some sources of information are better than others, and there are some forum members who frequently cite from mainstream media sources, and many of us who have been in the bitcoin space recall that some of the mainstream media sources are not very good, and sometimes if we see/recognize a certain way of presenting information about bitcoin, we will realize that the information might not have good sources, so in those cases, sometimes we might feel that we need to go back and search for the sources (or perhaps find other sources for the information in order to attempt to help us to figure out which sources of information might be more credible and/or which version of events we find to be more compelling or persuasive.. and all of us are not necessarily going to agree in regards to which sources of information are more compelling/persuasive, but sometimes if we can at least agree upon the facts, then we might be able to get further in terms of having a more informative conversation that is at least based upon agreed upon facts).

[Dr.Bitcoin_Strange]

I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k.
-snip-

So when is the right time? waiting for bitcoin to return at $16K? what if that doesn't happen again and instead bitcoin continues to rise? is it ultimately when bitcoin is higher than now for example $40k or $50k is also not the right time to buy bitcoin and have to wait until bitcoin returns to the price of $30k as it is today?
Indeed buying on the dip will look quite attractive but we also have to look at the situation. For now I think when you can afford to buy why not because we also have nothing to lose if we are ready to wait because I believe bitcoin will still continue to rise in the coming years.
Maybe the emphasis in this case is strategy and I will not prohibit the buying strategy that you do it's just that things like this I don't want to do because I still like the DCA system even though some people say this price is too high and will still wait at the bottom price it doesn't matter to me to buy now. as for when the price is even lower, yes I still buy with a larger volume.

Some people keep having high hopes for a price dip, and they are believing that if the price dumps, that's when they will buy. I wish they could realise that history doesn't always repeat itself. Bitcoin price movement doesn't usually end up the way we assume it, and if it did, I believe that quite a lot of people would have accumulated a lot more Bitcoin than they already have. The reason why I said so is because I believe there were some people in the past who also had a high hope for the Bitcoin price to fall to their expected price, and earlier before then, they had decided and kept a particular amount of money they wished to spend on buying Bitcoin, but it became quite unfortunate for them that instead of the price going below their expectations, the price kept trending high, and they had no choice but to buy it even at a higher price than what they would have bought it at first had they bought it in the early time. I am not saying it will really happen the way I thought, but it's likely not to also happen the way @seoincorporation is thinking. It is true that there is still more time before the halving, but there is no guarantee of what the price of Bitcoin will specifically be within or after the halving period.


In Bitcoin investment, one doesn't lose anything unless you sell so cheaply. So, even after buying Bitcoin and holding it in your wallet, it doesn't mean you will lose your asset if the price falls below what you paid for it. I gave an example of my friend last year who was waiting for the Bitcoin price to fall to $10k–$12k before he could purchase it because he also believed that the price would drop more, but he was unlucky because Bitcoin did not drop below what he expected and he ended up buying Bitcoin at $20k+ just this year, while he had the opportunity to buy Bitcoin last year when the price was still below $20k.

[Mr.suevie]

.


In Bitcoin investment, one doesn't lose anything unless you sell so cheaply. So, even after buying Bitcoin and holding it in your wallet, it doesn't mean you will lose your asset if the price falls below what you paid for it. I gave an example of my friend last year who was waiting for the Bitcoin price to fall to $10k–$12k before he could purchase it because he also believed that the price would drop more, but he was unlucky because Bitcoin did not drop below what he expected and he ended up buying Bitcoin at $20k+ just this year, while he had the opportunity to buy Bitcoin last year when the price was still below $20k.

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before  they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also  two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

[Nwada001]

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before  they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also  two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

I don't see that kind of strategy as being greedy; sometimes the person might not be too sure of what will come next in Bitcoin price, and as such, they will just try to play it safe in order not to fall victim to losing, not knowing that the same fear that they don't want to lose their invested capital could also make them not realize the profit they could have possibly made. The Bitcoin investment is always two-way.

But to me, the safest way to make such a buying plan in a situation where one doesn't know what's to come next in price is to share the amount that has been set aside for the Bitcoin buying purpose and use half of it to purchase at the current price, leaving the other half to be used hopefully when the price drops to their expected amount, so that if the price of Bitcoin is to skyrocket, they will not completely regret their action and will not completely regret their action. They will have a little holdings that they can take a small profit from. If the price also drops as they predict, they can buy more and add to what they have accumulated earlier.

[DaNNy001]

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before  they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also  two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

But to me, the safest way to make such a buying plan in a situation where one doesn't know what's to come next in price is to share the amount that has been set aside for the Bitcoin buying purpose and use half of it to purchase at the current price, leaving the other half to be used hopefully when the price drops to their expected amount, so that if the price of Bitcoin is to skyrocket, they will not completely regret their action and will not completely regret their action. They will have a little holdings that they can take a small profit from. If the price also drops as they predict, they can buy more and add to what they have accumulated earlier.

Hmm, an interesting idea but the only side effect I see about this your thought would be the fact that not everyone knows your how to manage their resources quite well and by the way, money has a way of getting involved into other unnecessary things you don't plan for especially when you are just hoping to use it for an upcoming action. But notwithstanding the idea is not bad at all because the ratio of you losing and also maybe having  regret will be at minimal that's if you actually stick to your actual plan of buying with half the  funds and waiting to see how the market turns out (dip) to buy more. But if am to choose I think I will just go with the DCA strategy knowing fully well am heading somewhere and only the thought of adding to my investment by every little fraction will be on my head and that way if the price pumps I gain and if it still dips I continue buying and so doing increasing the amount on my portfolio slowly for the actual mega pump that will profit me.

[Nwada001]

Hmm, an interesting idea but the only side effect I see about this your thought would be the fact that not everyone knows your how to manage their resources quite well and by the way, money has a way of getting involved into other unnecessary things you don't plan for especially when you are just hoping to use it for an upcoming action. But notwithstanding the idea is not bad at all because the ratio of you losing and also maybe having  regret will be at minimal that's if you actually stick to your actual plan of buying with half the  funds and waiting to see how the market turns out (dip) to buy more.

I see it as a complete good idea, better than just waiting for the price to dip before you can buy, which could lead one to lose entirely, but this method will help you to at least have something that you can hold onto for the main time.
 
Money has a way of being spent unexpectedly, like I said above, "Amount set aside for the Bitcoin buying." This money is separate from what one might have on his reserve for needs and wants that might arise, since man's wants are insatiable. If plans are being made properly, there is little to be worried about.

But if am to choose I think I will just go with the DCA strategy knowing fully well am heading somewhere and only the thought of adding to my investment by every little fraction will be on my head and that way if the price pumps I gain and if it still dips I continue buying and so doing increasing the amount on my portfolio slowly for the actual mega pump that will profit me.

The DCA strategy still remains the best option when we want to talk about Bitcoin accumulation, but I don't see it working on this pattern of buying where the person needs to wait for a dip in order to accumulate his or her desired amount of Bitcoin.

[JayJuanGee]

Hmm, an interesting idea but the only side effect I see about this your thought would be the fact that not everyone knows your how to manage their resources quite well and by the way, money has a way of getting involved into other unnecessary things you don't plan for especially when you are just hoping to use it for an upcoming action. But notwithstanding the idea is not bad at all because the ratio of you losing and also maybe having  regret will be at minimal that's if you actually stick to your actual plan of buying with half the  funds and waiting to see how the market turns out (dip) to buy more.

I see it as a complete good idea, better than just waiting for the price to dip before you can buy, which could lead one to lose entirely, but this method will help you to at least have something that you can hold onto for the main time.
 
Money has a way of being spent unexpectedly, like I said above, "Amount set aside for the Bitcoin buying." This money is separate from what one might have on his reserve for needs and wants that might arise, since man's wants are insatiable. If plans are being made properly, there is little to be worried about.

But if am to choose I think I will just go with the DCA strategy knowing fully well am heading somewhere and only the thought of adding to my investment by every little fraction will be on my head and that way if the price pumps I gain and if it still dips I continue buying and so doing increasing the amount on my portfolio slowly for the actual mega pump that will profit me.

The DCA strategy still remains the best option when we want to talk about Bitcoin accumulation, but I don't see it working on this pattern of buying where the person needs to wait for a dip in order to accumulate his or her desired amount of Bitcoin.

DCA makes more sense the earlier that anyone is relatively early in his/her bitcoin investing journey and may well last 10-20 years, depending on goals that might be striven to be achieved, and so if you are wanting to get to an investment that is 20-30 x your yearly salary, you may well start to feel quit close to reaching your goals when you have ONLY achieved an investment portfolio size that is around 5x of your annual salary because you have pretty good ideas that bitcoin could end up going up in value 5x to 20x, and then  you are even closer to your goals, even though each of us has to be careful in terms of measuring our wealth (or the value of our bitcoin) based on mere spot price values when we know that spot price values fluctuate so greatly, and in that regard, we may well be better off to measure the value of our BTC holdings in terms of something more stable (and like a bottom) which would be the 200-week moving average. 

I do attempt to flesh out some of the BTC valuation matters in the third post of my investment ideas thread.

[Bitcoin_people]

Delay in taking any action is not a good sign, So complete those steps as soon as possible. People who are related to cryptocurrency are mostly interested in investing. But they don't make that investment at the right time but focus more on it after the time is over. I think it's best to invest in Bitcoin whenever it's announced and do a thorough market analysis. We've seen the Bitcoin market go through a one-time high and turn into a bull market. However, even if the Bitcoin market is down now, we are all optimistic that it will rise again later. We know the Bitcoin market is always up and down and traders are able to make their money on it. Following the Bitcoin market today shows that $100,000 is guaranteed when the Bitcoin market turns from a bear market to a bull market again. When Bitcoin starts halving many market changes will happen and Bitcoin price will take all time highs. And we know that Bitcoin market halving happens every four years so Bitcoin halving will start in 2024. and that's why we'll invest in Bitcoin from the current position and hold until the bull market.

[yimsme]

I am intrigued by your prediction that the price might exceed $100k in the next halving. As we know, predictions in the world of cryptocurrency should be approached with caution, given the market's inherent unpredictability. However, according to https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/, the price tend to go even lower especially around the halving time, but if you would hold for the long-run, dont live by pay check and dont really care about noise along the way. I believe the best approach we could take is to DCA.

[Fivestar4everMVP]

 In the crypto ecosystem there's something called the crypto solar eclipse also known as the bitcoin halving.
 Bitcoin Halving- The bitcoin halving is a period when the price of bitcoin goes high, due to it's scarcity because of the drastical removal of bitcoin in a block. And it happens every years and many people are not aware of this ongoing in the crypto space, the previous halving was in (2020) and the next halving is forthcoming  so now is the best time to purchase and hodl btc because it could go beyond the price it attained in the last halving which was about $60k and In my opinion I think it might go beyond $100k. https://www.investopedia.com/bitcoin-halving-4843769

A very good and encouraging post over all, but just to point out a few mistakes, (forgive me if other or another user have pointed this out previously) Bitcoin halving happens or comes around in every four years circle, not every year as you said, though i believe its just a minor mistake you made there, not as a result of misinformation or what ever.

It is commonly said that we should be fearful when others are greedy and be greedy when others are fearful, those who took the bold step to buy bitcoin when the price was around 15k are all swimming in good profit right now, and those who buy now are also going to be swimming in good profit as soon as the major bull run hits, so now is a good time to invest for those still hanging around and looking..

By the way, i think we should always emphasize on the fact that its not a law or mandate given any where that there must be a bull run at every halving, so investors should always endeavor to only invest what they can afford to lose, don't go selling your house or only car because you want to invest in bitcoin, always invest as much as you can comfortably lose.

[Bobrox]

Current Bitcoin halving countdown left 270 days and seems excited for investing right now and earn profit later when closing with halving, due positive progress with last edition Bitcoin halving, I believe Bitcoin will up to higher price when near with halving and my predicting with Bitcoin can raise to $60,000. Bitcoin have dropped to $15,000 and current price today success wake up above $30,000 and not really difficult before near with halving Bitcoin will up to $60,000.

Its right time today, buy Bitcoin before late and invest as much possible due many positive progress one day later when halving almost close, don't be late for investing in bitcoin actually with halving moment come every four years and need waiting longer time to get halving bitcoin moment.

[Dr.Bitcoin_Strange]

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before  they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also  two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

I really don't think it should even be called greed. Perhaps I can say it's just a lack of good investment knowledge, just like you said that mostly unexperienced newbie Bitcoiners will more likely act in such a way.

Just imagine that, based on the experience I have had with Bitcoin since 2019 until now, I wouldn't really be agitated about when and when not to buy Bitcoin. If I bought Bitcoin at any price, I wouldn't really feel any regrets because I know how volatile the price can be, and I still know that even if it goes below $30k, it will definitely go above that too. That's why we have the DCA strategy, so if you feel the BTC price is so high, you can buy some fraction while waiting to see if the price can still drop a bit.

[yazher]

I don't know about the others but I find it easy to buy bitcoins at low prices and can continue to live my life at a normal rate because I have multiple sources of income. Others are still in doubt about their potential financial growth with bitcoins and they are still pending their decision to buy bitcoins because they thought they might not get their capital if the price will decrease again. Well! these things are not new to us because we've been to their place before and most of us took time to consider investing for the first time the result is mostly positive because we also took our time to research and to know what the right thing to do is before buying bitcoins.

[Blitzboy]

I don't know about the others but I find it easy to buy bitcoins at low prices and can continue to live my life at a normal rate because I have multiple sources of income. Others are still in doubt about their potential financial growth with bitcoins and they are still pending their decision to buy bitcoins because they thought they might not get their capital if the price will decrease again. Well! these things are not new to us because we've been to their place before and most of us took time to consider investing for the first time the result is mostly positive because we also took our time to research and to know what the right thing to do is before buying bitcoins.

Investing in Bitcoin is both exhilarating and terrifying, like visiting a previously undiscovered country. Your confidence in the bitcoin market has been bolstered by the knowledge that you have other revenue streams to choose from. Fear of the unknown, which is ingrained in a person's DNA, no longer exists.

However, keep in mind that not everyone enjoys your level of strength or experiences your current circumstances. There are a lot of hesitating individuals right now attempting to figure out if they should join the Bitcoin crowd. They shudder at the prospect of financial ruin. Although our journey's foundation was based on research and planning, it is crucial to keep in mind that we, too, began in the dark

[letteredhub]

For those that usually give the excuse of not buying bitcoin in it's early stage now this is another best time of buying and holding bitcoin with a concurrent accumulation while waiting for the halving so they wouldn't have to lose out as they did years ago. At least if any one at this point in time if anyone should procrastinate then it shouldn't be based on doubt or FUD but due to a lack of money to invest. Cause from an observation, I found out that there are people that have interest to invest in bitcoin but don't have the capital yet and that's there own area of procrastination .

[GreatArkansas]

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.
(....)

Others are also looking for the "perfect entry" and some or most people will miss the train because they are perfectionists, they want the perfect entry which for me, if your plan is for the long term, you will not mind the "perfect entry" because you can do dollar-cost averaging (DCA) or just buy every dip.

Some are also being manipulated by social media personalities, where they intend to follow what other people saying without validating or doing their own research.
For me, sometimes trusting your own instinct is already better.

[Kaliandra]

For those that usually give the excuse of not buying bitcoin in it's early stage now this is another best time of buying and holding bitcoin with a concurrent accumulation while waiting for the halving so they wouldn't have to lose out as they did years ago. At least if any one at this point in time if anyone should procrastinate then it shouldn't be based on doubt or FUD but due to a lack of money to invest. Cause from an observation, I found out that there are people that have interest to invest in bitcoin but don't have the capital yet and that's there own area of procrastination .

for those who are still beginners in crypto, they will definitely be worried about buying btc at the current price because the price of btc can indeed be called up, but of course those who are experienced in bitcoin will definitely buy btc because soon there will be a btc halving.

for those who are experienced in bitcoin, of course they will not delay buying bitcoin except for those who don't have the money to buy btc. but in this case everyone has their own way of investing in btc.

[TheGhostMan]

Bitcoin is an opportunity of a lifetime, rather than an opportunity of every 4 years because, even though it is likely that the 4 year cycle is going to continue to contribute to UPwards price pressures on BTC, there is no guarantees that bitcoin's price is going to perform in alignment with such halvening cycles...

Yet, at the same time, it seems that historically the longer that anyone invests into bitcoin, the better off that they are likely to be.. so in those kinds of terms, the expression "it's time in the market, NOT timing the market" seems to be very applicable to the bitcoin space.

I don't know about the others but I find it easy to buy bitcoins at low prices and can continue to live my life at a normal rate because I have multiple sources of income. Others are still in doubt about their potential financial growth with bitcoins and they are still pending their decision to buy bitcoins because they thought they might not get their capital if the price will decrease again. Well! these things are not new to us because we've been to their place before and most of us took time to consider investing for the first time the result is mostly positive because we also took our time to research and to know what the right thing to do is before buying bitcoins.

     Not all people find investing easy, more than all those who tend to be affected are those who are new to this world, I would say that a sensible strategy for those interested in investing in Bitcoin is to recognize the uncertainty that surrounds the behavior of the price. Although there is hope that the price will decrease to facilitate a cheaper entry, it is also plausible that the price rate will continue to increase, which may lead to delaying the investment or acquiring Bitcoin at a higher price. As I said before, this scenario tends to affect newbies who, eager to invest without proper knowledge, can fall into speculative traps. For that reason I always say that people, especially those new to the crypto world, focus on educating themselves thoroughly about Bitcoin from its inception. Detailed knowledge about this unique asset can prevent procrastination and enable strategic moves at key moments.

I think that this has happened to all of us at some point and the fear that losing can cause is perfectly understood, but in crucial situations, it is vital to make bold decisions and get out of our comfort zone, to the point that at some point we will learn to see opportunities where others do not. As for the Bitcoin halving benchmark, I think it is a good time to experiment and take advantage of the opportunities for profit. If we never dare to take calculated risks, we will never know if we have chosen the right path.

[khiholangkang]

For those that usually give the excuse of not buying bitcoin in it's early stage now this is another best time of buying and holding bitcoin with a concurrent accumulation while waiting for the halving so they wouldn't have to lose out as they did years ago. At least if any one at this point in time if anyone should procrastinate then it shouldn't be based on doubt or FUD but due to a lack of money to invest. Cause from an observation, I found out that there are people that have interest to invest in bitcoin but don't have the capital yet and that's there own area of procrastination .

for those who are still beginners in crypto, they will definitely be worried about buying btc at the current price because the price of btc can indeed be called up, but of course those who are experienced in bitcoin will definitely buy btc because soon there will be a btc halving.

for those who are experienced in bitcoin, of course they will not delay buying bitcoin except for those who don't have the money to buy btc. but in this case everyone has their own way of investing in btc.

of course we also have to learn from those who have experience in investing in bitcoin that can be a reference for you if you are a beginner, the probability of price fluctuations is enough to give you fear but calm down friends it's just a trip and it's normal, so don't pay too much attention to it, unless you buy it to sell it tomorrow or a short term investment, it will be a fear for sure.

But if you target bitcoin halving I think buying at the current price is not a problem, even if there is a drop back it will not be a heavy burden if the main target is halving, but yes everyone has their own strategy in buying bitcoin, but keep in mind it is also better to do it with DCA than you make a purchase deliberately waiting for the bitcoin price to match your expectations, it will delay the time you buy bitcoin.

[Nwada001]

for those who are still beginners in crypto, they will definitely be worried about buying btc at the current price because the price of btc can indeed be called up, but of course those who are experienced in bitcoin will definitely buy btc because soon there will be a btc halving.

for those who are experienced in bitcoin, of course they will not delay buying bitcoin except for those who don't have the money to buy btc. but in this case everyone has their own way of investing in btc.

Having experience in crypto and being a decision-maker are totally different things. There are a lot of people who have been in the crypto space for a long time now, but they still find it difficult to make a decision regarding when to buy and when not to buy. Those buying decisions are one of the hardest, as far as I am concerned. As there is always a lot of price movement and other negative teachings, we will all have to calculate them before finally making the entry call.

Not withstanding, those kinds of decisions are always serious when one doesn't have a plan for holding what they intend to purchase for a long time. If you plan to hold the Bitcoin you want to purchase for a long time, the DCA strategy will probably be the best choice. You will be constantly making purchases without considering the price, provided the money you want to use is readily available.

[Captain Corporate]

When you are buying bitcoin for the first time ever, that's not really something I would really expect people to do quickly because they will worry about making a mistake. But when you are buying bitcoin for god knows how many times, it becomes a lot easier. I am guessing that its going to end up with something much better in the end, which will make it a lot more profitable for the long term as well. I know that being a veteran and buying bitcoin easily during this period so we can profit later on is great, but I do hope that we end up with people who are newbies getting used to it quickly enough that it becomes a profitable thing for them as well, just makes more sense that way.

[Fiatless]

Having experience in crypto and being a decision-maker are totally different things. There are a lot of people who have been in the crypto space for a long time now, but they still find it difficult to make a decision regarding when to buy and when not to buy. Those buying decisions are one of the hardest, as far as I am concerned. As there is always a lot of price movement and other negative teachings, we will all have to calculate them before finally making the entry call.

Not withstanding, those kinds of decisions are always serious when one doesn't have a plan for holding what they intend to purchase for a long time. If you plan to hold the Bitcoin you want to purchase for a long time, the DCA strategy will probably be the best choice. You will be constantly making purchases without considering the price, provided the money you want to use is readily available.

Your comments is an example of how I started my journey on bitcoin. I had little knowledge about investing in Bitcoin but when I studied about the coin and its prospects I decided not to procrastinate. I began to accumulate my coin using DCA. The first months were not easy because I was always looking at my wallet every day to check the price of Bitcoin. It sounds funny but that was the truth. I will check the price every time I had the opportunity. My fear and price checking gradually reduced and currently, I don't really check it in months.

But if you target bitcoin halving I think buying at the current price is not a problem, even if there is a drop back it will not be a heavy burden if the main target is halving, but yes everyone has their own strategy in buying bitcoin, but keep in mind it is also better to do it with DCA than you make a purchase deliberately waiting for the bitcoin price to match your expectations, it will delay the time you buy bitcoin.

Currently, my plan for Bitcoin is not to sell and make a profit during Bitcoin halving. It goes far beyond that and to the future. I see Bitcoin as a long time investment that can even be transferred to dependents in the future. The most important thing is to keep your wallet safe and keep investing. This is because the coin has the capacity of increasing to a price far above the price in the halving period.

[bitLeap]

When you are buying bitcoin for the first time ever, that's not really something I would really expect people to do quickly because they will worry about making a mistake. But when you are buying bitcoin for god knows how many times, it becomes a lot easier. I am guessing that its going to end up with something much better in the end, which will make it a lot more profitable for the long term as well. I know that being a veteran and buying bitcoin easily during this period so we can profit later on is great, but I do hope that we end up with people who are newbies getting used to it quickly enough that it becomes a profitable thing for them as well, just makes more sense that way.

Even more than that, I mean when someone buys bitcoin for the first time, maybe they sell it at that moment, because their fear of mistakes is exactly what you said. It's normal for them to be scared, because I'm sure there are many people who have the same fear because it's their first experience doing this kind of thing. But over time, that fear will disappear by itself, and will even turn into a very high trust. After all, such a process is a natural one, because with time, knowledge and experience will grow together.
And some people who currently recommend bitcoin and have a high level of trust were born from such a process, and of all those people maybe I am one of them. Actually for now for beginners it is easier to get more information from people who have been in this bitcoin space for a long time, it was different at the beginning of the birth of bitcoin, because we cannot deny that trust in bitcoin grows over time.

[Dunamisx]

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.


source

[rachael9385]

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.


source

Yes you are very right mate, holding is what makes you to be a good investors, without hold your investment will be worthless holding a fiat currency is easy but Bitcoin is more easier to hold, because is isn't something you touch with bear hands, I don't get why some investors don't have patience of holding their investment's but maybe this can explain better.

[JayJuanGee]

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.

source

Yes you are very right mate, holding is what makes you to be a good investors, without hold your investment will be worthless holding a fiat currency is easy but Bitcoin is more easier to hold, because is isn't something you touch with bear hands, I don't get why some investors don't have patience of holding their investment's but maybe this can explain better.

If you overinvest into BTC it can be much harder to hold.  

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading... and many traders will "way" overdo their trading strategies.. and perhaps should not even be trading more pristine assets such as bitcoin - because they actually do not recognize and/or appreciate that bitcoin is a pristine asset and they fuck around with trading it way to much merely because they realize that it is volatile.. so they mistake volatility with ways to make money.. and perhaps slip into greed or even not really knowing what they are doing.. so then perhaps emotions will kick in way too much based on their putting themselves into such positions of worry.

Surely holding a volatile asset will likely be more difficult than a non-volatile asset, especially if there might exist a wrong kind of a mindset.  Holding fiat seems easier because it tends to be less volatile, and even if there is loss in value, it may well not even be noticed.. especially if you had not really been thinking about your fiat losing value, instead you might be thinking "why are the prices of things going up so much?" so then you might try to hold onto more fiat.. while not really making the mental connection that your fiat might be losing value faster than you are able to accumulate it.

[Dunamisx]

If you overinvest into BTC it can be much harder to hold.

That's the exact situation that's involved with some investors, they will over invest thinking they could make money and earn profits within the shortest period but in most cases things don't work out like that as they have expected, bitcoin investment is not a quick means of making money before people begin to term it gambling or ponzi, you have to hold and wait with some patients enough if you want to invest without a rush, there's more to gain while holding than selling when the market is not ripe for releasing the coin for sell.

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading

Maybe this alone also draws the interest of some people to go into trading since it's a short time investment when they can't afford to go long, there's risk in everything and trading has a way of operating whereby it's a process that requires recycling under a continuous process, the more the trades the higher the chances of making money unlike trading once or twice a month.

[JayJuanGee]

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading

Maybe this alone also draws the interest of some people to go into trading since it's a short time investment when they can't afford to go long, there's risk in everything and trading has a way of operating whereby it's a process that requires recycling under a continuous process, the more the trades the higher the chances of making money unlike trading once or twice a month.

Yeah, but the profits from trading do not tend to work like a building and building and building scenario, because even though it might appear that the trading and the investment portfolio are building, if the sizes of the positions are not properly hedged in both directions (even if they might be leaning in one direction), making one decent sized mistake will frequently take profits away from several successive successful trades. 

So maybe a trader keeps winning and winning and winning, but s/he might not sufficiently hedge on one occasion, and then all of a sudden his/her trading portfolio amount is back down to the amount that s/he started with or even worse less than what s/he started with.

[Sayeds56]

Yeah, but the profits from trading do not tend to work like a building and building and building scenario, because even though it might appear that the trading and the investment portfolio are building, if the sizes of the positions are not properly hedged in both directions (even if they might be leaning in one direction), making one decent sized mistake will frequently take profits away from several successive successful trades.  

So maybe a trader keeps winning and winning and winning, but s/he might not sufficiently hedge on one occasion, and then all of a sudden his/her trading portfolio amount is back down to the amount that s/he started with or even worse less than what s/he started with.

Indeed, trading Bitcoin can often lead to reduction in Bitcoin amount one holds, as predicting its price accurately consistently is highly challenging job. Some new comers also try their luck in margin or future trading with the hope that they can rapidly increase their Bitcoin holding but unfortunately, most of them end up in entire loss of their account balance when market goes against their trade.

In summary, the prudent path to witness impressive results is to accumulate Bitcoin by employing Dollar cost averaging (DCA), as you suggested in your many posts, even in small portions, and wait for the next halving to yield substantial gains.

[JayJuanGee]

Yeah, but the profits from trading do not tend to work like a building and building and building scenario, because even though it might appear that the trading and the investment portfolio are building, if the sizes of the positions are not properly hedged in both directions (even if they might be leaning in one direction), making one decent sized mistake will frequently take profits away from several successive successful trades.  

So maybe a trader keeps winning and winning and winning, but s/he might not sufficiently hedge on one occasion, and then all of a sudden his/her trading portfolio amount is back down to the amount that s/he started with or even worse less than what s/he started with.

Indeed, trading Bitcoin can often lead to reduction in Bitcoin amount one holds, as predicting its price accurately consistently is highly challenging job. Some new comers also try their luck in margin or future trading with the hope that they can rapidly increase their Bitcoin holding but unfortunately, most of them end up in entire loss of their account balance when market goes against their trade.

hahahahaha

That's exactly the case.  You have such a winning investment, such as bitcoin, in which you might bet a certain amount, and so you could lose that amount (100%) or you could end up going up in price several percentages or even multiples or even magnitudes, and that is the nature of an asymmetric  bet, you can ONLY lose what you put in but you have great upside potential.

Except you can fuck all of that asymmetric bet by employing margin and leverage, and turn a winning bet into a loser.. and even lose all your money with a merely small BTC correction of 20% because you thought that it was a great idea to go 5x...and you end up fucking yourself because you don't even realize that your greediness is causing you to be stupid about what is the product that you are buying.

In summary, the prudent path to witness impressive results is to accumulate Bitcoin by employing Dollar cost averaging (DCA), as you suggested in your many posts, even in small portions, and wait for the next halving to yield substantial gains.

Yep. .even people who invested small amounts 9-10 years ago and just consistently kept buying small amounts, ended up doing quite well if they did not deviate from their efforts to accumulate BTC on a regular and consistent basis. 

Of course, the more aggressive ones did better, but you can ONLY be as aggressive as your budget is able to allow, so surely you do not want to employ tactics that are so aggressive that you end up recking (or screwing) yourself out of your own bitcoin because you did not adequately prepare yourself in terms of keeping and maintaining and rebuilding an adequate cash reserves that includes emergency expenses.

[Blitzboy]

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.

source

Yes you are very right mate, holding is what makes you to be a good investors, without hold your investment will be worthless holding a fiat currency is easy but Bitcoin is more easier to hold, because is isn't something you touch with bear hands, I don't get why some investors don't have patience of holding their investment's but maybe this can explain better.

If you overinvest into BTC it can be much harder to hold.  

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading... and many traders will "way" overdo their trading strategies.. and perhaps should not even be trading more pristine assets such as bitcoin - because they actually do not recognize and/or appreciate that bitcoin is a pristine asset and they fuck around with trading it way to much merely because they realize that it is volatile.. so they mistake volatility with ways to make money.. and perhaps slip into greed or even not really knowing what they are doing.. so then perhaps emotions will kick in way too much based on their putting themselves into such positions of worry.

Surely holding a volatile asset will likely be more difficult than a non-volatile asset, especially if there might exist a wrong kind of a mindset.  Holding fiat seems easier because it tends to be less volatile, and even if there is loss in value, it may well not even be noticed.. especially if you had not really been thinking about your fiat losing value, instead you might be thinking "why are the prices of things going up so much?" so then you might try to hold onto more fiat.. while not really making the mental connection that your fiat might be losing value faster than you are able to accumulate it.

So you've basically solved the perennial dilemma of every Bitcoin trader, right? Which side of the fence do we sit on? Oh, the dilemma!

Isnt it hilarious how some individuals see Bitcoin's volatility as a fast track to wealth, only to crash because they confused the accelerator with the brake? In my opinion, that's a bit of irony. It would appear that the excitement of the trip distracts them to the point where they dont remember to fasten their seatbelt.

Indeed, holding Bitcoin can be nerve-wracking, especially for individuals who have invested their life savings in it. Putting your faith in a basket made of unicorn hair is like betting the farm on a horse that can't break its legs.

Furthermore, there is always trusty old fiat currency. Its ironic that we're gripping something whose value is decreasing while griping about price increases. Do you agree that perhaps we need a new point of view?

[JayJuanGee]

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.

source

Yes you are very right mate, holding is what makes you to be a good investors, without hold your investment will be worthless holding a fiat currency is easy but Bitcoin is more easier to hold, because is isn't something you touch with bear hands, I don't get why some investors don't have patience of holding their investment's but maybe this can explain better.

If you overinvest into BTC it can be much harder to hold.  

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading... and many traders will "way" overdo their trading strategies.. and perhaps should not even be trading more pristine assets such as bitcoin - because they actually do not recognize and/or appreciate that bitcoin is a pristine asset and they fuck around with trading it way to much merely because they realize that it is volatile.. so they mistake volatility with ways to make money.. and perhaps slip into greed or even not really knowing what they are doing.. so then perhaps emotions will kick in way too much based on their putting themselves into such positions of worry.

Surely holding a volatile asset will likely be more difficult than a non-volatile asset, especially if there might exist a wrong kind of a mindset.  Holding fiat seems easier because it tends to be less volatile, and even if there is loss in value, it may well not even be noticed.. especially if you had not really been thinking about your fiat losing value, instead you might be thinking "why are the prices of things going up so much?" so then you might try to hold onto more fiat.. while not really making the mental connection that your fiat might be losing value faster than you are able to accumulate it.

So you've basically solved the perennial dilemma of every Bitcoin trader, right? Which side of the fence do we sit on? Oh, the dilemma!

I found what I believe to be a reasonable balance for myself, yet it would be difficult to imagine that every person is going to find exactly the same balance that I have found, even if there could be several similarities between some people... in terms of accounting for their cashflow, how much bitcoin they have already accumulated, their other investments (including cash reserves), their view of bitcoin as compared with other investments, timeline, risk tolerance, and their time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that they are in BTC accumulation, maintenance or liquidation stage) and their abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Isnt it hilarious how some individuals see Bitcoin's volatility as a fast track to wealth, only to crash because they confused the accelerator with the brake?

Fair enough.  Trying to time price moves can be very tricky, even for more experienced traders, and one of the things that likely happens with newer traders is that they will mostly prepare for one direction.. and perhaps in that sense, they put too much into that particular direction, so they are not sufficiently hedged for the other direction.  I imagine that even experienced traders are going to have some difficulties with both identifying how they want to balance their bets and in which direction, and then being able to move their bets when market conditions change.. and sometimes it is preferable NOT to move your bets too frequently, so it can be difficult to figure out if you do need to change or just wait it out.  I personally don't know how to do it, which is part of the reason that I try to set up my orders in a way that attempts to be price direction neutral.. and even with me, sometimes I have some dilemmas in regards to if I should make some changes.

For example, in about May 2022, I had my BTC buy orders set down to about $21k, but then when the BTC price broke below $35k.. I had a "holy shit!!!"moment and I felt that I had to spend some time restructuring my buy orders so that they would go lower.. (including removing some of them and spreading them out in the upper $20ks) and I also ended up restructuring my buy orders several times in the next several (maybe even up to 6 months) because of the extent to which BTC prices kept going lower but I was also running out of cash since I had been largely buying all the way down from $60k-ish in November 2021.. and yeah, hind-sight is 20/20 right?  because once the BTC price drops so low, then there might be some regrets about all the BTC that had been bought back at higher prices.. but that is somewhat how it goes when you "attempt" to set up buy/sell orders that are attempting to be somewhat neutral in regards to BTC price direction, while at the same time coming to the realization that there still is some amount of expectations of "extremes" that are built into how the orders are structured, and so when the BTC price moves more extremely than what extremes had been built in, there can be some frustration with those kinds of outcomes.

In my opinion, that's a bit of irony. It would appear that the excitement of the trip distracts them to the point where they dont remember to fasten their seatbelt.

Indeed, holding Bitcoin can be nerve-wracking, especially for individuals who have invested their life savings in it. Putting your faith in a basket made of unicorn hair is like betting the farm on a horse that can't break its legs.

For sure there are some assumptions that are built into any BTC strategy, even if the strategy might not be emphasizing trading, but instead including some presumptions that the BTC price is going to always go up.. at least in the longer term, but when the BTC price is going down for 1 year or 2 years or even feeling like longer than that, then the underlying presumption might start to both come into question, but also not feel as if such presumption is as strong as it had previously felt.

Furthermore, there is always trusty old fiat currency. Its ironic that we're gripping something whose value is decreasing while griping about price increases.

There are still needs for fiat - especially if the vast majority of the world uses various kinds of fiat, so part of the balance still remains regarding how much value to keep in the fiat system versus the bitcoin system, and I believe that it is not healthy to move too much into BTC too quickly - even though again, people are going to come to their balances in different ways, depending on their circumstances and also depending on how they view the BTC versus fiat systems or if they are able to reasonably and accurately calculate their exposure levels.

Do you agree that perhaps we need a new point of view?

People learn at their own pace, and sure there are a lot of people who have heard the word bitcoin, but they hardly have any clue what it is, or they have faulty information and/or opinions about bitcoin.  It cannot be easy to try to figure out what is going to cause some people to become more informed in regards to bitcoin or to see the necessity of becoming more informed. 

It seems that people are learning more and more about bitcoin, but it also seems that adoption is taking a long time to really happen, so sometimes people are not motivated to take any actions - unless or until they see the BTC price shoot up to some higher price, and then they might start paying attention, but then again, they might not.   Also some of us bitcoin holders might need to change some of our own views (and actions) and we might not even know it, so I am not going to attempt to presume to know what is better for others, when it is not even easy to know what is good for myself.. even though I have been attempting to share several of my ideas in this forum for the past 9.5 years.. and also sometimes sharing in other forums and in other areas of life with people who might be interested in the topic and not necessarily seeing me as a loonie. which surely some of the people in real life do consider me as a bit of a looney.. but some of them will also express regrets in regards to not listening to me.. so I pretty much end up repeating the same thing to the same people and a seemingly overwhelming majority of such peeps still seem to not really be inspired to take any action and/or to do anything beside thinking about it.

[rachael9385]

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.

source

Yes you are very right mate, holding is what makes you to be a good investors, without hold your investment will be worthless holding a fiat currency is easy but Bitcoin is more easier to hold, because is isn't something you touch with bear hands, I don't get why some investors don't have patience of holding their investment's but maybe this can explain better.

If you overinvest into BTC it can be much harder to hold.  

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading... and many traders will "way" overdo their trading strategies.. and perhaps should not even be trading more pristine assets such as bitcoin - because they actually do not recognize and/or appreciate that bitcoin is a pristine asset and they fuck around with trading it way to much merely because they realize that it is volatile.. so they mistake volatility with ways to make money.. and perhaps slip into greed or even not really knowing what they are doing.. so then perhaps emotions will kick in way too much based on their putting themselves into such positions of worry.

Surely holding a volatile asset will likely be more difficult than a non-volatile asset, especially if there might exist a wrong kind of a mindset.  Holding fiat seems easier because it tends to be less volatile, and even if there is loss in value, it may well not even be noticed.. especially if you had not really been thinking about your fiat losing value, instead you might be thinking "why are the prices of things going up so much?" so then you might try to hold onto more fiat.. while not really making the mental connection that your fiat might be losing value faster than you are able to accumulate it.

So you've basically solved the perennial dilemma of every Bitcoin trader, right? Which side of the fence do we sit on? Oh, the dilemma!

I found what I believe to be a reasonable balance for myself, yet it would be difficult to imagine that every person is going to find exactly the same balance that I have found, even if there could be several similarities between some people... in terms of accounting for their cashflow, how much bitcoin they have already accumulated, their other investments (including cash reserves), their view of bitcoin as compared with other investments, timeline, risk tolerance, and their time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that they are in BTC accumulation, maintenance or liquidation stage) and their abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Isnt it hilarious how some individuals see Bitcoin's volatility as a fast track to wealth, only to crash because they confused the accelerator with the brake?

Fair enough.  Trying to time price moves can be very tricky, even for more experienced traders, and one of the things that likely happens with newer traders is that they will mostly prepare for one direction.. and perhaps in that sense, they put too much into that particular direction, so they are not sufficiently hedged for the other direction.  I imagine that even experienced traders are going to have some difficulties with both identifying how they want to balance their bets and in which direction, and then being able to move their bets when market conditions change.. and sometimes it is preferable NOT to move your bets too frequently, so it can be difficult to figure out if you do need to change or just wait it out.  I personally don't know how to do it, which is part of the reason that I try to set up my orders in a way that attempts to be price direction neutral.. and even with me, sometimes I have some dilemmas in regards to if I should make some changes.

For example, in about May 2022, I had my BTC buy orders set down to about $21k, but then when the BTC price broke below $35k.. I had a "holy shit!!!"moment and I felt that I had to spend some time restructuring my buy orders so that they would go lower.. (including removing some of them and spreading them out in the upper $20ks) and I also ended up restructuring my buy orders several times in the next several (maybe even up to 6 months) because of the extent to which BTC prices kept going lower but I was also running out of cash since I had been largely buying all the way down from $60k-ish in November 2021.. and yeah, hind-sight is 20/20 right?  because once the BTC price drops so low, then there might be some regrets about all the BTC that had been bought back at higher prices.. but that is somewhat how it goes when you "attempt" to set up buy/sell orders that are attempting to be somewhat neutral in regards to BTC price direction, while at the same time coming to the realization that there still is some amount of expectations of "extremes" that are built into how the orders are structured, and so when the BTC price moves more extremely than what extremes had been built in, there can be some frustration with those kinds of outcomes.

In my opinion, that's a bit of irony. It would appear that the excitement of the trip distracts them to the point where they dont remember to fasten their seatbelt.

Indeed, holding Bitcoin can be nerve-wracking, especially for individuals who have invested their life savings in it. Putting your faith in a basket made of unicorn hair is like betting the farm on a horse that can't break its legs.

For sure there are some assumptions that are built into any BTC strategy, even if the strategy might not be emphasizing trading, but instead including some presumptions that the BTC price is going to always go up.. at least in the longer term, but when the BTC price is going down for 1 year or 2 years or even feeling like longer than that, then the underlying presumption might start to both come into question, but also not feel as if such presumption is as strong as it had previously felt.

Furthermore, there is always trusty old fiat currency. Its ironic that we're gripping something whose value is decreasing while griping about price increases.

There are still needs for fiat - especially if the vast majority of the world uses various kinds of fiat, so part of the balance still remains regarding how much value to keep in the fiat system versus the bitcoin system, and I believe that it is not healthy to move too much into BTC too quickly - even though again, people are going to come to their balances in different ways, depending on their circumstances and also depending on how they view the BTC versus fiat systems or if they are able to reasonably and accurately calculate their exposure levels.

Do you agree that perhaps we need a new point of view?

People learn at their own pace, and sure there are a lot of people who have heard the word bitcoin, but they hardly have any clue what it is, or they have faulty information and/or opinions about bitcoin.  It cannot be easy to try to figure out what is going to cause some people to become more informed in regards to bitcoin or to see the necessity of becoming more informed. 

It seems that people are learning more and more about bitcoin, but it also seems that adoption is taking a long time to really happen, so sometimes people are not motivated to take any actions - unless or until they see the BTC price shoot up to some higher price, and then they might start paying attention, but then again, they might not.   Also some of us bitcoin holders might need to change some of our own views (and actions) and we might not even know it, so I am not going to attempt to presume to know what is better for others, when it is not even easy to know what is good for myself.. even though I have been attempting to share several of my ideas in this forum for the past 9.5 years.. and also sometimes sharing in other forums and in other areas of life with people who might be interested in the topic and not necessarily seeing me as a loonie. which surely some of the people in real life do consider me as a bit of a looney.. but some of them will also express regrets in regards to not listening to me.. so I pretty much end up repeating the same thing to the same people and a seemingly overwhelming majority of such peeps still seem to not really be inspired to take any action and/or to do anything beside thinking about it.

I have checked on my own scrutiny, that the reason why several persons have hard about Bitcoin but finds it difficult to adopt it is because they are still having little skepticism about it's progression, I mean they are not really sure about the future outcome of it value, some of these persons are the rich one's, they think because they have enough money they don't need to invest on Bitcoin to gain more profits, but they fail to understand that if they invest on Bitcoin they will have more profits especially now that we are about to go into the bullrun season. Hope am not wrong?

[Dunamisx]

Furthermore, there is always trusty old fiat currency. Its ironic that we're gripping something whose value is decreasing while griping about price increases.

There are still needs for fiat - especially if the vast majority of the world uses various kinds of fiat, so part of the balance still remains regarding how much value to keep in the fiat system versus the bitcoin system, and I believe that it is not healthy to move too much into BTC too quickly - even though again, people are going to come to their balances in different ways, depending on their circumstances and also depending on how they view the BTC versus fiat systems or if they are able to reasonably and accurately calculate their exposure levels.

When we take fiat on a close study on what it serves and mean to the people, it's nothing than a definition of suffering and smiling situation whereby people using fiats were left with no alternative than to embrace the consequences of what the financial institutions made as a decision on the people towards their asset till bitcoin was discovered after Satoshi nailed it all to an end to serve us the freedom needed with bitcoin, if we take a look on how bitcoin was well accepted by the people within it 14th year of experience we could see the more opportunities it has bestowed upon which the government or fiat couldn't render.

Now they also expect to see that people were hypnotized into fear with this decentralized bitcoin network but yet everything turns to noth, the change already need has been experienced with bitcoin and that remains the people's choice now and beyond, they can independently invest in bitcoin, hodl and be profitable which fiat can never do.

[JayJuanGee]

[edited out]

I have checked on my own scrutiny, that the reason why several persons have hard about Bitcoin but finds it difficult to adopt it is because they are still having little skepticism about it's progression, I mean they are not really sure about the future outcome of it value, some of these persons are the rich one's, they think because they have enough money they don't need to invest on Bitcoin to gain more profits, but they fail to understand that if they invest on Bitcoin they will have more profits especially now that we are about to go into the bullrun season. Hope am not wrong?

Part of the point should be that you do not necessarily need to be completely right, and if you are whimpy about bitcoin (whether you are rich or not) then take a more whimpy position, such as 1%, but if you are more bullish, then take a larger position, such as 25%.

It is pretty short sighted for people to continue to fail/refuse  to get at least 1%, but there are a lot of people who are not really in the habit of investing, and if they do invest, they tend to invest into things that are very easy and do not require as much work.. so they invest into their residential property (even though it might take them 5-10 years to be able to save up for a down payment. .. and they also invest in something like a 401k plan if their work has it, and some folks do not even take advantage of their employer's 401k plan.. and so if they invest beyond those two kinds of items it is very rare.. because maybe they might consider their car to be an investment (even though cars tend to be depreciating assets), but it goes to show that people might not own very many things... and even if they add up their assets and off-set their assets by their liabilities, they still might ONLY end up with very small numbers when it comes to their networth.. and many times they do not even have a fraction of their annual salary saved up... such as even 20% to 50% of it (which would be a good start to consider how much they should have saved up, and even if they agree with you that it sounds like a good idea to save, a very overwhelmingly large number of people generally do not tend to do it).

[Sayeds56]

I don't know about the others but I find it easy to buy bitcoins at low prices and can continue to live my life at a normal rate because I have multiple sources of income. Others are still in doubt about their potential financial growth with bitcoins and they are still pending their decision to buy bitcoins because they thought they might not get their capital if the price will decrease again. Well! these things are not new to us because we've been to their place before and most of us took time to consider investing for the first time the result is mostly positive because we also took our time to research and to know what the right thing to do is before buying bitcoins.

Indeed, it is a prudent approach to accumulate Bitcoin whenever market provides an opportunity to buy at lower price. I personally don't bother much about day-to-day fluctuation in market price of Bitcoin and always focus on long tern goals. We should also keep an eye on events those can potentially change the outlook of Bitcoin for short to medium term and one of such events is scheduled in mid-August when SEC will announce its decision on BlackRock ETF. Halving is also significant but it is likely to impact Bitcoin price  from 2nd to last quarter of 2024.

[Patrol69]

.


In Bitcoin investment, one doesn't lose anything unless you sell so cheaply. So, even after buying Bitcoin and holding it in your wallet, it doesn't mean you will lose your asset if the price falls below what you paid for it. I gave an example of my friend last year who was waiting for the Bitcoin price to fall to $10k–$12k before he could purchase it because he also believed that the price would drop more, but he was unlucky because Bitcoin did not drop below what he expected and he ended up buying Bitcoin at $20k+ just this year, while he had the opportunity to buy Bitcoin last year when the price was still below $20k.

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before  they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also  two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

When buying Bitcoin we always wait for a price that is slightly below the current price. That is, if the price of Bitcoin is $10K  at the moment, then we will think that the price of Bitcoin may go down further, that is, thinking like this, many people could not buy Bitcoin until now.  It wasn't long before Bitcoin hit $16K. Those who couldn't invest at that time hopefully won't be able to invest in Bitcoin today.  

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

[Sayeds56]

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Your point regarding timing to invest in Bitcoin is indeed valid, as opportunities may not always align with our expectations. Nevertheless, there are ways to explore buying opportunities by using technical Indicators and charts, such as, RSI, MACD and Moving averages Indicators. Understanding and learning to use them doesn't demand much efforts and time, and there are numerous tutorial videos available on social media platforms in various languages. By utilizing these, investors can enhance their ability to identify favorable moments to take entry in Bitcoin market.

[Mame89]

Current Bitcoin halving countdown left 270 days and seems excited for investing right now and earn profit later when closing with halving, due positive progress with last edition Bitcoin halving, I believe Bitcoin will up to higher price when near with halving and my predicting with Bitcoin can raise to $60,000. Bitcoin have dropped to $15,000 and current price today success wake up above $30,000 and not really difficult before near with halving Bitcoin will up to $60,000.

Its right time today, buy Bitcoin before late and invest as much possible due many positive progress one day later when halving almost close, don't be late for investing in bitcoin actually with halving moment come every four years and need waiting longer time to get halving bitcoin moment.

“Bitcoin could jump up to $100K with the next halving.” We can all die tomorrow, doesn't mean we die. A thousand theories will be lost by one concrete action. We can only reverse the wall clock but we can not reverse time, so it's never too late. But we still have to take wise action, don't because we don't want to be late, we instead use borrowed money.

Sometimes most people like to delay when they're tight and then panic to buy it, if it's tight then act. It shouldn't be like that, because any investment, let alone bitcoin investment, is very important for us not to procrastinate. if indeed you can set aside money to invest it will be better, so that your financial condition will be safe in the future.

[Abu-Naim]

“Bitcoin could jump up to $100K with the next halving.” We can all die tomorrow, doesn't mean we die. A thousand theories will be lost by one concrete action. We can only reverse the wall clock but we can not reverse time, so it's never too late. But we still have to take wise action, don't because we don't want to be late, we instead use borrowed money.

Sometimes most people like to delay when they're tight and then panic to buy it, if it's tight then act. It shouldn't be like that, because any investment, let alone bitcoin investment, is very important for us not to procrastinate. if indeed you can set aside money to invest it will be better, so that your financial condition will be safe in the future.

How dangerous it is to invest in Bitcoin with borrowed funds when we know it is trustworthy.

Should I borrow money to invest in Bitcoin as I trust it more than all other coins? Remember that the loan I will take out will have to be repaid after a year, in light of the upcoming Bitcoin halving.

[JayJuanGee]

In Bitcoin investment, one doesn't lose anything unless you sell so cheaply. So, even after buying Bitcoin and holding it in your wallet, it doesn't mean you will lose your asset if the price falls below what you paid for it. I gave an example of my friend last year who was waiting for the Bitcoin price to fall to $10k–$12k before he could purchase it because he also believed that the price would drop more, but he was unlucky because Bitcoin did not drop below what he expected and he ended up buying Bitcoin at $20k+ just this year, while he had the opportunity to buy Bitcoin last year when the price was still below $20k.

And same like your friend there are so many like him who are aslo expecting the price to fall back at 24-26k before  they actually buy because they feel and act greedy by thinking that if they buy it at the actually price now they would be at the loss but like you said no one knows how the price is going to be and hopefully the price might go down as they speculate but the chances of that happening is also  two sided because the price rate can either continue to pump leaving you to either procrastinate more or buy at an even higher price. Sometimes most newbie who are eager to buy after acquiring little knowledge on bitcoin investment are the ones who are mostly victims to such actions.

When buying Bitcoin we always wait for a price that is slightly below the current price. That is, if the price of Bitcoin is $10K  at the moment, then we will think that the price of Bitcoin may go down further, that is, thinking like this, many people could not buy Bitcoin until now.  It wasn't long before Bitcoin hit $16K. Those who couldn't invest at that time hopefully won't be able to invest in Bitcoin today.  

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Another thing is that you do not have to invest at the bottom in order to be profitable, so people who had been investing into bitcoin for the past 3 years are surely in profits, even if they bought some bitcoin at higher prices.  A straight DCA approach of buying $100 worth of BTC every week over the last 3 years would have resulted in $15,700 invested and 0.621 BTC accumulated.  Looks profitable to me, and whether you could have been it by buying on dips is not easy to know, because sometimes those who DCA invest into bitcoin might be able to be more aggressive than those who try to strategize their buys.. but sure.. no problem, there might have been some folks who might have had been able to invest $15,700 over the past 3 years and got more than 0.621 BTC.. perhaps? perhaps?

Current Bitcoin halving countdown left 270 days and seems excited for investing right now and earn profit later when closing with halving, due positive progress with last edition Bitcoin halving, I believe Bitcoin will up to higher price when near with halving and my predicting with Bitcoin can raise to $60,000. Bitcoin have dropped to $15,000 and current price today success wake up above $30,000 and not really difficult before near with halving Bitcoin will up to $60,000.

Its right time today, buy Bitcoin before late and invest as much possible due many positive progress one day later when halving almost close, don't be late for investing in bitcoin actually with halving moment come every four years and need waiting longer time to get halving bitcoin moment.

“Bitcoin could jump up to $100K with the next halving.” We can all die tomorrow, doesn't mean we die. A thousand theories will be lost by one concrete action. We can only reverse the wall clock but we can not reverse time, so it's never too late. But we still have to take wise action, don't because we don't want to be late, we instead use borrowed money.

Sometimes most people like to delay when they're tight and then panic to buy it, if it's tight then act. It shouldn't be like that, because any investment, let alone bitcoin investment, is very important for us not to procrastinate. if indeed you can set aside money to invest it will be better, so that your financial condition will be safe in the future.

I agree with everything that you say, especially in regards to getting started early and perhaps attempting to be somewhat aggressive in terms of making sure that you get a stake in bitcoin.

However I doubt that it is a good idea (or even necessary) to front-load your investment into BTC with a loan, even though it could pay off to use debt and to front load your investment, I question the extent to which it is necessary to engage in leverage... especially since bitcoin is likely one of the best asymmetric bets that exist (if not the best), and why screw up a good deal by adding leverage to it, which might cause you to fuck up a good thing.

In other words, everyone should attempt to be as aggressive as they can in terms of their approach to bitcoin and in terms of getting a stake in bitcoin and figuring out how much of a stake that they want to get into bitcoin and attempt to be as aggressive as they are able to be without over doing it, and in that regard, each person has to attempt to account for all of his/her financial and psychological specifics if s/he is wanting to attempt to be as aggressive that s/he is able to be without overdoing it.

“Bitcoin could [edited out]

How dangerous it is to invest in Bitcoin with borrowed funds when we know it is trustworthy.

Should I borrow money to invest in Bitcoin as I trust it more than all other coins? Remember that the loan I will take out will have to be repaid after a year, in light of the upcoming Bitcoin halving.

Loans have all kinds of conditions, and you have to figure out if you believe that any loan that you are eligible for would be worth it to take out.

So for example, if your loan has to be paid back in a year.. that is one thing.  If your loan needs to have payments and it has to be paid back at the end of the year, that's another thing.  What is the interest rate?  Is it 5%?  10%  15% or some higher amount?  Are you dependent upon the proceeds of bitcoin to pay back the loan, or do you have other ways that you can pay back the loan in the event that bitcoin does not get to a place in which you would like to sell it.  How much income are you able to earn over the next year?  is that income enough to pay the loan plus the interest rate (plus any service fees that might attach to the loan)?

You should pretty easily be able to calculate these kinds of factors to figure out if you are willing to take the risks on using leverage rather than just buying bitcoin through your normal channels.. and also including that if you don't take out a loan, then you still can get price exposure, that price exposure will not be front loaded though. 

If you are not really calculating these kinds of matters to make sure that you understand each of them, then you are using such loan to gamble rather than invest, and you could turn a good investment into a bad outcome.. so in bitcoin you usually would ONLY be able to lose up to 100%, but with a loan, you increase how much you can lose and how fast you can lose it... and of course, there is upside potential too... but don't let greed fog your vision in terms of calculating whether or not taking a loan is a good idea based on your own specifics, and your speculation of the likely direction of the BTC price is ONLY one of the factors that you should be considering.

[Fivestar4everMVP]

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Your point regarding timing to invest in Bitcoin is indeed valid, as opportunities may not always align with our expectations. Nevertheless, there are ways to explore buying opportunities by using technical Indicators and charts, such as, RSI, MACD and Moving averages Indicators. Understanding and learning to use them doesn't demand much efforts and time, and there are numerous tutorial videos available on social media platforms in various languages. By utilizing these, investors can enhance their ability to identify favorable moments to take entry in Bitcoin market.

Well, this is only valid for well experienced investors who have spent some time in the industry, for news who wanna make some quick move by investing, waiting to learn about this stuff can play out in two ways for them,
1, it can play out in their favor that by the time they are through learning and ready make their first investment, the price of bitcoin must have dropped from the price it used to be.
2, it can also play out against them that by the time they are through learning and ready to make their first investment, the price of bitcoin must have risen higher than what it used to be..

So the best thing i think is to invest when ever you are comfortable with the price, most especially if you are investing for the long term, entry price shouldn't be much of a problem as long as you are not buying in a bull season.

[JayJuanGee]

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Your point regarding timing to invest in Bitcoin is indeed valid, as opportunities may not always align with our expectations. Nevertheless, there are ways to explore buying opportunities by using technical Indicators and charts, such as, RSI, MACD and Moving averages Indicators. Understanding and learning to use them doesn't demand much efforts and time, and there are numerous tutorial videos available on social media platforms in various languages. By utilizing these, investors can enhance their ability to identify favorable moments to take entry in Bitcoin market.

Well, this is only valid for well experienced investors who have spent some time in the industry, for news who wanna make some quick move by investing, waiting to learn about this stuff can play out in two ways for them,
1, it can play out in their favor that by the time they are through learning and ready make their first investment, the price of bitcoin must have dropped from the price it used to be.
2, it can also play out against them that by the time they are through learning and ready to make their first investment, the price of bitcoin must have risen higher than what it used to be..

So the best thing i think is to invest when ever you are comfortable with the price, most especially if you are investing for the long term, entry price shouldn't be much of a problem as long as you are not buying in a bull season.

Well if someone is just learning about bitcoin, and they cannot control whether it is a bull season or not.   
 

They may well need to get a stake right away.. and then maybe figure out details later.

Right now we might be in a bull season, even if we have a bit of a plateau for the past nearly 5 months.

But yeah, they might be in a worse situation if they come to bitcoin at $80k, and then they have to consider whether the BTC price is going to dip or not. .and if so when?  There is no guarantee that BTC prices will dip back past $80k once they go above that.. so people coming to bitcoin at that time ($80k and other various points) do have some potential dilemmas regarding whether to wait or to get started right away.. and if they get started right away, then by how much?

It seems that in bitcoin, we are frequently advantaged by being in bitcoin for a long time, but sometimes the first several years can be painful, even though the best choice, even in a bull market might be to get started sooner rather than later... and it is just a matter of how much to start with and how much, if any, to hold in reserves.

[Sayeds56]

How dangerous it is to invest in Bitcoin with borrowed funds when we know it is trustworthy.
Should I borrow money to invest in Bitcoin as I trust it more than all other coins? Remember that the loan I will take out will have to be repaid after a year, in light of the upcoming Bitcoin halving.

Investing in Bitcoin for one year period with borrowed money might be considered a prudent decision, in the context of 2024 being halving year, and historical patterns/trends suggest that mostly Bitcoin makes new all time high (ATH) after the halving year. However, it is important to approach this strategy with caution and backup plan in case things may not go as expected. In order to mitigate the risks associated with borrowed funds, it is essential to have alternate means to repay your loan, if the price of Bitcoin doesn't reach the anticipated levels within a year.

[Reid]

That's a good advice. I actually loved it. With this, it will lessen the number of people that will FOMO and then those who will cry before or after the halving that the price of Bitcoin cannot be bought anymore due to the expensive price. It always happen, and yet they don't really learn. What I don't understand is why they still doubt until now when we all know there is only one way Bitcoin will go. Up.
It's just the question of "When?" But for those patiently waiting this is not an issue anymore. They just keep on accumulating more and more Bitcoin and then wait for the harvest.

[Sayeds56]

Right now we might be in a bull season, even if we have a bit of a plateau for the past nearly 5 months.

It appears that we are already in early stage of bull run, this trend is supported by technical analysis. Currently Bitcoin is trading above both 200 daily moving average (DMA) and 21 weekly Moving average. These levels are widely recognized as indicators of bullish zones in the market. There is growing optimism among prominent market analysts that Bitcoin may surpass $45,000 mark by the end of 2023, as BlackRock ETF is likely to be approved by SEC. Let's remain optimistic and continue accumulating Bitcoin on every significant dip.

[adultcrypto]

Opportunities don't always come and you don't always have to wait for opportunities, you have to create them yourself. Those who risked investing in Bitcoin after the price of Bitcoin reached $16K are successful today, but those who were waiting for the market to fall further are still waiting for an opportunity. So those who want to invest, make a little courage in your mind and definitely invest with risk. I hope you will not be cheated by investing.

Your point regarding timing to invest in Bitcoin is indeed valid, as opportunities may not always align with our expectations. Nevertheless, there are ways to explore buying opportunities by using technical Indicators and charts, such as, RSI, MACD and Moving averages Indicators. Understanding and learning to use them doesn't demand much efforts and time, and there are numerous tutorial videos available on social media platforms in various languages. By utilizing these, investors can enhance their ability to identify favorable moments to take entry in Bitcoin market.

Well, this is only valid for well experienced investors who have spent some time in the industry, for news who wanna make some quick move by investing, waiting to learn about this stuff can play out in two ways for them,
1, it can play out in their favor that by the time they are through learning and ready make their first investment, the price of bitcoin must have dropped from the price it used to be.
2, it can also play out against them that by the time they are through learning and ready to make their first investment, the price of bitcoin must have risen higher than what it used to be..

So the best thing i think is to invest when ever you are comfortable with the price, most especially if you are investing for the long term, entry price shouldn't be much of a problem as long as you are not buying in a bull season.

Well if someone is just learning about bitcoin, and they cannot control whether it is a bull season or not.   
 

They may well need to get a stake right away.. and then maybe figure out details later.

Right now we might be in a bull season, even if we have a bit of a plateau for the past nearly 5 months.

But yeah, they might be in a worse situation if they come to bitcoin at $80k, and then they have to consider whether the BTC price is going to dip or not. .and if so when?  There is no guarantee that BTC prices will dip back past $80k once they go above that.. so people coming to bitcoin at that time ($80k and other various points) do have some potential dilemmas regarding whether to wait or to get started right away.. and if they get started right away, then by how much?

It seems that in bitcoin, we are frequently advantaged by being in bitcoin for a long time, but sometimes the first several years can be painful, even though the best choice, even in a bull market might be to get started sooner rather than later... and it is just a matter of how much to start with and how much, if any, to hold in reserves.

I think every investor need this mindset as that is the only way not to miss out on the ride. No one can truly know how market will play out; best is to buy at a discount and hold to find out the outcome.

But yeah, they might be in a worse situation if they come to bitcoin at $80k, and then they have to consider whether the BTC price is going to dip or not. .and if so when?  There is no guarantee that BTC prices will dip back past $80k once they go above that.. so people coming to bitcoin at that time ($80k and other various points) do have some potential dilemmas regarding whether to wait or to get started right away.. and if they get started right away, then by how much?

Anyone who gets in when BTC get to $80k may not actually be making the best decision. BTC ATH is about $69k and from history, next bull run will surpass this with target at $100k. As usual, we will see some corrections when we hit this new ATH. Since BTC has the ability to correct even beyond 20%, it might go below $80k again when that happens and anyone waiting to enter at that price will be at a temporary loss and might panic and sell.

I think the best is to buy anywhere below the current ATH of $69k...even now.

[adultcrypto]

Furthermore, there is always trusty old fiat currency. Its ironic that we're gripping something whose value is decreasing while griping about price increases.

There are still needs for fiat - especially if the vast majority of the world uses various kinds of fiat, so part of the balance still remains regarding how much value to keep in the fiat system versus the bitcoin system, and I believe that it is not healthy to move too much into BTC too quickly - even though again, people are going to come to their balances in different ways, depending on their circumstances and also depending on how they view the BTC versus fiat systems or if they are able to reasonably and accurately calculate their exposure levels.

When we take fiat on a close study on what it serves and mean to the people, it's nothing than a definition of suffering and smiling situation whereby people using fiats were left with no alternative than to embrace the consequences of what the financial institutions made as a decision on the people towards their asset till bitcoin was discovered after Satoshi nailed it all to an end to serve us the freedom needed with bitcoin, if we take a look on how bitcoin was well accepted by the people within it 14th year of experience we could see the more opportunities it has bestowed upon which the government or fiat couldn't render.

Now they also expect to see that people were hypnotized into fear with this decentralized bitcoin network but yet everything turns to noth, the change already need has been experienced with bitcoin and that remains the people's choice now and beyond, they can independently invest in bitcoin, hodl and be profitable which fiat can never do.

We had a terrible experience in my country early part of this year. Our president and the central bank governor redesigned our currency and set a date when the old notes would seize to be legal tender. The frustrating part was that they never made the new currency note available even after mopping up the old notes. This threw people into suffering and untold hardship... people were hoarding and selling the new currency notes for a fee as high as 30%. This unforgettable incident made me realized the freedom that Bitcoin offers. I now understand why the governments of the world are afraid of letting Bitcoin stand but they will with time.

[JayJuanGee]

But yeah, they might be in a worse situation if they come to bitcoin at $80k, and then they have to consider whether the BTC price is going to dip or not. .and if so when?  There is no guarantee that BTC prices will dip back past $80k once they go above that.. so people coming to bitcoin at that time ($80k and other various points) do have some potential dilemmas regarding whether to wait or to get started right away.. and if they get started right away, then by how much?

Anyone who gets in when BTC get to $80k may not actually be making the best decision. BTC ATH is about $69k and from history, next bull run will surpass this with target at $100k. As usual, we will see some corrections when we hit this new ATH. Since BTC has the ability to correct even beyond 20%, it might go below $80k again when that happens and anyone waiting to enter at that price will be at a temporary loss and might panic and sell.

I think the best is to buy anywhere below the current ATH of $69k...even now.

Yeah, but you are fighting with the hypothetical, because in this hypothetical the BTC price is already $80k and a newbie is coming to BTC and he is having to decide what to do at that time.  He cannot go back in history.

Another thing, is your presumption that BTC will dip merely because it gets to $80k.  That has not always been the case in BTC history, but still we cannot necessarily merely use BTC price history in order to make our decision about what to do.  We have to decide right at that time what to do, and we are new to bitcoin, we do not have any and we have to decide.

If you decide to wait for the dip, then you still don't have any BTC if the price does not end up dipping as you are suggesting that you expect it to do so.

[rachael9385]

Furthermore, there is always trusty old fiat currency. Its ironic that we're gripping something whose value is decreasing while griping about price increases.

There are still needs for fiat - especially if the vast majority of the world uses various kinds of fiat, so part of the balance still remains regarding how much value to keep in the fiat system versus the bitcoin system, and I believe that it is not healthy to move too much into BTC too quickly - even though again, people are going to come to their balances in different ways, depending on their circumstances and also depending on how they view the BTC versus fiat systems or if they are able to reasonably and accurately calculate their exposure levels.

When we take fiat on a close study on what it serves and mean to the people, it's nothing than a definition of suffering and smiling situation whereby people using fiats were left with no alternative than to embrace the consequences of what the financial institutions made as a decision on the people towards their asset till bitcoin was discovered after Satoshi nailed it all to an end to serve us the freedom needed with bitcoin, if we take a look on how bitcoin was well accepted by the people within it 14th year of experience we could see the more opportunities it has bestowed upon which the government or fiat couldn't render.

Now they also expect to see that people were hypnotized into fear with this decentralized bitcoin network but yet everything turns to noth, the change already need has been experienced with bitcoin and that remains the people's choice now and beyond, they can independently invest in bitcoin, hodl and be profitable which fiat can never do.

We had a terrible experience in my country early part of this year. Our president and the central bank governor redesigned our currency and set a date when the old notes would seize to be legal tender. The frustrating part was that they never made the new currency note available even after mopping up the old notes. This threw people into suffering and untold hardship... people were hoarding and selling the new currency notes for a fee as high as 30%. This unforgettable incident made me realized the freedom that Bitcoin offers. I now understand why the governments of the world are afraid of letting Bitcoin stand but they will with time.

Mate we all experienced that, and besides if you don't have cash to buy what you want that's when you finds it difficult, but then people uses on-line transactions to buy petrol and to pay other bills so why don't you buy Bitcoin with online transactions then?
I bought bitcoin at that same period through online transactions and it would have been a good steep for you to taken then because the price of bitcoin was low that time, having the believe that price might drop too low for you to buy I will suggest you don't wait for that time because in thw country we are right now situations worster then the previous once might happen so don't take longer to buy bitcoin and hold.

[RockBell]

I don't know about the others but I find it easy to buy bitcoins at low prices and can continue to live my life at a normal rate because I have multiple sources of income. Others are still in doubt about their potential financial growth with bitcoins and they are still pending their decision to buy bitcoins because they thought they might not get their capital if the price will decrease again. Well! these things are not new to us because we've been to their place before and most of us took time to consider investing for the first time the result is mostly positive because we also took our time to research and to know what the right thing to do is before buying bitcoins.

That is where a lot of people go wrong, with bitcoin having a lot of potential, everyone wants to invest in bitcoin even with borrowed funds, which is not advisable. I like the plan you mapped out already by investing with funds you are not using and having other sources of income so you don't temper with your investment.
Many people, even after investing, continue to sell out of it because they do not have another source of income. And people have been afraid of not receiving their capital back, forgetting that the market will recover. People must understand how bitcoin works. And anyone can hold until they obtain both your capital back plus extra profit, which is when your aim is met.

Indeed, it is a prudent approach to accumulate Bitcoin whenever market provides an opportunity to buy at lower price. I personally don't bother much about day-to-day fluctuation in market price of Bitcoin and always focus on long tern goals. We should also keep an eye on events those can potentially change the outlook of Bitcoin for short to medium term and one of such events is scheduled in mid-August when SEC will announce its decision on BlackRock ETF. Halving is also significant but it is likely to impact Bitcoin price  from 2nd to last quarter of 2024.

The time to take advantage of the market is now having an accumulation plan can help amass some assets; not everyone is wealthy enough to buy a single bitcoin; establish plans to accumulate either monthly or at whatever time is convenient for the interested person. Halving will seriously affect the price of bitcoin. And will benefit a lot of investors.And will benefit a large number of investors. Sometimes all it takes is a little patience and knowing how to capitalize on whatever the market is doing at the time. Many people will miss out on opportunities, largely due to procrastination, but some may miss out owing to financial constraints.

[Sayeds56]

Yeah, but you are fighting with the hypothetical, because in this hypothetical the BTC price is already $80k and a newbie is coming to BTC and he is having to decide what to do at that time.  He cannot go back in history.

Another thing, is your presumption that BTC will dip merely because it gets to $80k.  That has not always been the case in BTC history, but still we cannot necessarily merely use BTC price history in order to make our decision about what to do.  We have to decide right at that time what to do, and we are new to bitcoin, we do not have any and we have to decide.

If you decide to wait for the dip, then you still don't have any BTC if the price does not end up dipping as you are suggesting that you expect it to do so.

I believe that eventually investment in Bitcoin will potentially yield significant returns, no matter at what price you buy it. However, the decision to invest in Bitcoin when prices are higher or wait for the potential dip is a personnel one. It completely depends on individual's financial situation, risk tolerance level and ability to continue  holding it until the bull season demands patonce. This aspect might play a crucial role in success of investment.

[JayJuanGee]

Yeah, but you are fighting with the hypothetical, because in this hypothetical the BTC price is already $80k and a newbie is coming to BTC and he is having to decide what to do at that time.  He cannot go back in history.

Another thing, is your presumption that BTC will dip merely because it gets to $80k.  That has not always been the case in BTC history, but still we cannot necessarily merely use BTC price history in order to make our decision about what to do.  We have to decide right at that time what to do, and we are new to bitcoin, we do not have any and we have to decide.

If you decide to wait for the dip, then you still don't have any BTC if the price does not end up dipping as you are suggesting that you expect it to do so.

I believe that eventually investment in Bitcoin will potentially yield significant returns, no matter at what price you buy it. However, the decision to invest in Bitcoin when prices are higher or wait for the potential dip is a personnel one.

Sure it is personal.. but you are still avoiding grappling with the specifics of the hypothetical.

In this particular hypothetical, the BTC price has reached $80k, and the hypothetical person has absolutely no BTC.  He has to decide whether to get some or not.

And, it is not even like $80k is the ONLY price point in which something like this could have had been applied.  Let me give some examples from the charts, and you can go look at those examples yourself to see what the consequences would have had been in terms of choosing to wait.. which you don't really know, but it's your choice about what to do, and is it personal or is there something else going on?:

1) In early 2013, we could have seen that the BTC price had gotten to $50, so it has surpassed the previous ATH of $32, and so in that situation, at $50, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

2) In early 2013, we could have seen that the BTC price had gotten to $50, so it has surpassed the previous ATH of $32, and so in that situation, at $50, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

3) In late 2013, we could have seen that the BTC price had gotten to $300, so it has surpassed the previous ATH of $263, and so in that situation, at $300, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

4) In late 2016 /  early 2017, we could have seen that the BTC price had gotten to $1,900, so it has surpassed the previous ATH of $1,163, and so in that situation, at $1,900, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

5) In early 2021, we could have seen that the BTC price had gotten to $24,000, so it has surpassed the previous ATH of $19,666, and so in that situation, at $24,000, such hypothetical no coiner is having to decide whether to get into BTC at that time or wait for a further dip.

So, we do not know exactly what the future situation is going to be in terms of timeline and how BTC prices may or may not get to $80k, but perhaps you get the idea for the situation that is likely going to come and the decision that needs to be made.  By the way, I will give you a hint, the decision and/or the resulting action is not necessarily an all or nothing decision in order for a no coiner to get the fuck off zero.  Here's the scenario.

6) At some uncertain time in the future, we may well be able to see that the BTC price had gotten to $80k, so the BTC price has surpassed the previous ATH of $69k, and so in that situation, at $80k, our hypothetical no coiner (who just found out about bitcoin or figured out bitcoin is a good investment) is having to decide whether to get into BTC at that time or wait for a further dip.

Is it merely a personal decision that you are not able to answer in general whimpy and vague ways?

It completely depends on individual's financial situation, risk tolerance level and ability to continue  holding it until the bull season demands patonce. This aspect might play a crucial role in success of investment.

Sure these factors exist and should be accounted for in terms of the decided action, but there is also the question of what is bitcoin as compared with other investment options... and should such hypothetical person get the fuck off zero or not.  If so, what are the various approaches that could be taken (and sure the various approaches are going to have individual/personal components. 

So it seems to me that if you really want to try to get anywhere in terms of grappling with the actual situation that is presented (the hypothetical) you have to weigh the various factors and get into details of grappling with the hypothetical rather than just proclaiming that "it's personal"

[Minecache]

Yeah, but you are fighting with the hypothetical, because in this hypothetical the BTC price is already $80k and a newbie is coming to BTC and he is having to decide what to do at that time.  He cannot go back in history.

Another thing, is your presumption that BTC will dip merely because it gets to $80k.  That has not always been the case in BTC history, but still we cannot necessarily merely use BTC price history in order to make our decision about what to do.  We have to decide right at that time what to do, and we are new to bitcoin, we do not have any and we have to decide.

If you decide to wait for the dip, then you still don't have any BTC if the price does not end up dipping as you are suggesting that you expect it to do so.

I believe that eventually investment in Bitcoin will potentially yield significant returns, no matter at what price you buy it. However, the decision to invest in Bitcoin when prices are higher or wait for the potential dip is a personnel one. It completely depends on individual's financial situation, risk tolerance level and ability to continue  holding it until the bull season demands patonce. This aspect might play a crucial role in success of investment.

You are not wrong but it is not a wise investment. Let's say you buy bitcoin for $69k, then you need to wait at least 4 years (based on history) for another bull season to come and you will start making profits, but the gains will be negligible. But if you study hard, research and analyze before investing, you will have the opportunity to buy bitcoin for $ 20k or $ 30k, when the bull season comes you will get a much larger profit.

And to do that, it depends not only on your financial situation but largely on your knowledge of the market. If you study hard, you will have enough knowledge, you will know when is the best time to buy and hold, and you will calculate the risks you will face...

I also believe that the price of bitcoin will continue to increase very strongly in the future. However, we need to invest with a strategy and plan to get the most optimal return, do not invest blindly.