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

[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.

[1714696163]

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[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"