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

[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.