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

[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

[1714680049]

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[1714680049]

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[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?