SuperBitMan
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Activity: 112
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August 29, 2024, 07:19:51 AM |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big.
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EarnOnVictor
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August 29, 2024, 08:11:41 AM |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. Thank goodness that you considered Bitcoin when it was $100, it was even better for some people as they purchased the asset at $32 or lower, you can imagine how much these people have gained already, it's just insane, they are the true lucky ones. But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic. I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market. No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times. The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge. Going forward, to profit in your Bitcoin needs smart investment, just let your trading chart and the global economic realities guide you.
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arwin100
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August 29, 2024, 09:35:31 AM |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. We meet again the same sentiments when people didn't believe that bitcoin price would able to climb those historical prices since they doubt and afraid to lose money, That same ways goes right now and those doubters again would provably regret their decision not to invest while they can afford to have it right now. Can't also deny that lots of people want a quick flip of profit but they must understand that bitcoin is not for that practices since most likely they end up messing up their investment especially if they aim for faster result on a volatile coin. They must go on more practical way if they want to invest with bitcoin and believe that there are better future comes ahead with it. Bitcoin potential is really great and we can see how people globally adapt this coin and provably those interest would create more demand in future that's why its good that we are ready and earn from potential price growth in future. Holders didn't got failed on their investment with bitcoin and we can see that base on statistics that people doing it is really gaining good profits.
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Barikui1
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August 29, 2024, 10:00:49 AM Merited by JayJuanGee (1) |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. One thing we all need to understand right now is that their is no wrong time to invest in Bitcoin, because it's value is on the rise, think about those people that bought Bitcoin at 100 dollar and later sold it at 1k, they initially thought that Bitcoin wouldn't go as high as it is in this present day, and the magnificent surge of Bitcoin continue up to it present price, and right now, sincerely speaking, they would be feeling regretful, for selling too early, so why am I saying this? Am saying this because we need to understand that we are still in the early days of Bitcoin, so due to how huge it potential is, and due to the fact that it has not been adopted globally by all nations, just imagine how it might skyrocket and do more than 10 to 15x if it's being adopted globally in like 15 to 20 years time from now. So my guy, as long as we are still in the early days of Bitcoin, it's still very good to buy Bitcoin now , regardless of it current price, because it has the potential of going up to 1M dollar, 15 years time from now.
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adultcrypto
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August 29, 2024, 10:31:57 AM Merited by JayJuanGee (1) |
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I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years.
No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio.
If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. Despite how coherent your argument may be, you are not correct because saying that it is late to invest in Bitcoin now is like saying you have set a target to which you believe Bitcoin will never reach or pass. Bitcoin is something like every other investment that you can never say is late to invest because it is not going anywhere soon and those who invest rightly will always see their money grow and yield returns on investment. Everyone cannot invest in bitcoin at the same time, so it is just when you see the need to invest, you join. If we have this mindset of it being late to invest in bitcoin now, what will our children do? Or is it right to say that those who will be born today cannot invest in bitcoin again? People will always invest in bitcoin when they meet it and as long as they make progress investing in bitcoin in terms of their finances increasing more than it was when they made the investment. Give bitcoin ten years from today, the price would have gone higher, and people will still wish they had invested ten years ago which would be now. This sequence will not end soon. When I saw the documents of the land where our house was built, I notice the mount there which is a small fraction of what I use for a cup of coffee. I can only imagine how many of such landed properties I will be able to acquire if it were today. I will not say it is late now because some years later, my children and grandchildren will also see that I got some of my investments cheaper in terms of what money can buy that time.
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Hewlet
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August 29, 2024, 01:34:12 PM Merited by JayJuanGee (1) |
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If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin.
we can't bring back the hands of time but we have all it takes to make better decision at the present. If you weren't convinced enough to buy Bitcoin in the last 5 to 10 years ago even though you had known about it, there is nothing you can do about it but you can use that as a lesson that will help you invest better at this moment. I don't agree that Investing now is late most expecially when you're investing now in view of getting your returns in the long run. The best time you one should have invested is those early period of Bitcoin but since we've gone past those stages, the next and the main best time to buy Bitcoin is now. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big.
absolutely, everyone started buying Bitcoin at different times and while it price was different. Some bought it at $100 others $200 till it got to $1k and so and and for every time people bought Bitcoin, it's always like this that they are unsure if Bitcoin will cease to gain momentum or not. Some still ignore the FUD and goes on to invest and today people at the present are hoping they were fortunate to be like them. The boost
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JayJuanGee
Legendary
Online
Activity: 3892
Merit: 11128
Self-Custody is a right. Say no to"Non-custodial"
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August 29, 2024, 03:53:00 PM |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. There are also people who started investing in bitcoin when it was around $10k who have average buy prices right around$30k, and they are still doing quite well and are in a pretty decent position in terms of the quantity of BTC that they bought even though their average buy price is only around half of the current price. They are set up to be in a very good place. Microstrategy (MSTR) is in such a place in term of their starting to buy bitcoin in August 2020, and they are seeming to be like geniuses... Saylor also bought some of his own personal stash of BTC starting in July 2020 (more than 17k BTC, yet he seemed to have had done mostly lump sum with his personal stash, even though there are some rumors that he bought more BTC with his personal stash in recent times, too). And, so those folks who got into bitcoin before Saylor and MSTR, in 2018/2019 would have had been doing even better in terms of their average cost per BTC and how much they would have had been able to accumulate. The person who choose to buy $100 per week starting 6 years ago in late 2018, would have had invested $31,400 by today and would have stacked right around 2.2561 BTC, which truly is not a bad place to be for the amount invested, and which also shows that a person who is also able to throw in some extra cash here and there along the way, would have had done even better.. so for example a person doing $100 per week DCA, but maybe who might have lump sum bought in the beginning and perhaps lump sum bought a few times each of the years may well could have had been able to double the quantity of BTC accumulated We should be able to recognize and appreciate that stacking through DCA takes a quite a bit of time to build up the stack, yet many times normies ONLY have so much of a budget to work with and they just need to do the best that they can with the cashflow that they have at their disposal. [edited out]
Thank goodness that you considered Bitcoin when it was $100, it was even better for some people as they purchased the asset at $32 or lower, you can imagine how much these people have gained already, it's just insane, they are the true lucky ones. Since you are so smart EarnOnVictor, you would have had been trading it the whole time, and really screwed up your profits, whether you had bought below $32.. Practically speaking most people take time to get into a bitcoin position, so we cannot presume that they just bought one lump sum, even though a lot screwed up by trading rather than continuing to buy and mostly holding. But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic.
People have always thought bitcoin was overly priced and not able to go up as much as previously, and sure there is truth to the claim, but there is still a lot of upside potential in bitcoin, even if the multiples (and magnitudes) cannot be as great as they had been previously, but they are still sufficiently good and bitcoin remains amongst the best if not the best investment currently available. Bitcoin is about 1/15th the market cap of gold and bitcoin is likely around 1,000x or more more valuable than gold, and so even though it could take 50-200 years or more for the price matters to play out, we should still be able to recognize and appreciate something in the ballpark of 15k times price appreciation for bitcoin.. and yeah gold could lose value too in the process...so those relative prices based on market cap would not be just based on bitcoin going up relative to gold. I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market.
Wow... You used to be a HODLer and accumulator but you turned into a trader. How long did you practice HODLing and accumulating? A year? or some other amount of time within your seemingly vast bitcoin experiences? No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times.
That's true, and there are no guarantees, either. The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge.
In spite of your claims, bitcoin is far from being a mature asset merely because some financial folks on wallstreet are starting to market and pump bitcoin. You are diluted if you believe bitcoin to have had come even close to becoming a mature asset. Going forward, to profit in your Bitcoin needs smart investment, just let your trading chart and the global economic realities guide you.
Trading is a sure way for folks to lose money out of being greedy rather than just going along with whatever price appreciation that bitcoin brings through the smarter and even less complicated buy and hold techniques. [edited out]
......So my guy, as long as we are still in the early days of Bitcoin, it's still very good to buy Bitcoin now , regardless of it current price, because it has the potential of going up to 1M dollar, 15 years time from now. Of course, we cannot know how long it will take for bitcoin to reach $1 million, and there are no guarantees either, yet I doubt that it is going to take 15 years for bitcoin to reach supra $1 million prices, yet I am really into looking at the 200-WMA (which are considered bottom prices), and I have some projections that the 200 WMA crosses over $1 million in about late 2041 (which is 17 years from now). My non-updated version in the fuck you status chart shows $1 million 200-WMA being reached in mid 2043.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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EarnOnVictor
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August 30, 2024, 01:14:50 AM |
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-snip- Since you are so smart EarnOnVictor, you would have had been trading it the whole time, and really screwed up your profits, whether you had bought below $32..
You clearly did not get the gist judging by your statements, I never mentioned trading in what you replied to, it was all about investment. And certainly, I've been trading far before the crypto era, I've invested in a few assets and I've traded Bitcoin since 2013/2014, so I know the line between trading and investing and if I want to invest, I know what I am talking about and $32 is still very advantaged than when Bitcoin is $60,000, you can't undermine their market cap now. People have always thought bitcoin was overly priced and not able to go up as much as previously, and sure there is truth to the claim, but there is still a lot of upside potential in bitcoin, even if the multiples (and magnitudes) cannot be as great as they had been previously, but they are still sufficiently good and bitcoin remains amongst the best if not the best investment currently available. Bitcoin is about 1/15th the market cap of gold and bitcoin is likely around 1,000x or more more valuable than gold, and so even though it could take 50-200 years or more for the price matters to play out, we should still be able to recognize and appreciate something in the ballpark of 15k times price appreciation for bitcoin.. and yeah gold could lose value too in the process...so those relative prices based on market cap would not be just based on bitcoin going up relative to gold.
No doubt, Bitcoin is a good asset, which is why I am involved in it, but the reality that will dawn on people later is that it may not have the momentum to climb as fast as they expect. This doesn't mean it will not be appreciated, but what people think it would do in 4 years may be achieved in decades. As for Gold, I don't see any correlation between it and Bitcoin and don't forget that Gold has physical use but Bitcoin does not have it. I've also noticed that the market cap of the two are irrespective of each other, Btcoin may grow while Gold grows as well, so there is enough room to contain both without interference in liquidity inflow, except for the preference of investors. Wow... You used to be a HODLer and accumulator but you turned into a trader. How long did you practice HODLing and accumulating? A year? or some other amount of time within your seemingly vast bitcoin experiences?
This is not about trading but smart investment. I've always been a trader of Bitcoin even when I was HODLing a higher amount, but now, I've reduced the amount of my HODLing to maximise my earnings through a better feasible approach. It's still the same Bitcoin investment by the way. In spite of your claims, bitcoin is far from being a mature asset merely because some financial folks on wallstreet are starting to market and pump bitcoin. You are diluted if you believe bitcoin to have had come even close to becoming a mature asset.
That's your view, I have mine, and based on my experience in the financial market, I certainly know what I am saying. Do you know how many people trade Bitcoin daily in the financial market and how huge the volumes are? So it is not about pumping alone but the market behaving like a true mature asset. Perhaps, you took the "mature" as a cap in my last post, you are wrong if that is the case. Trading is a sure way for folks to lose money out of being greedy rather than just going along with whatever price appreciation that bitcoin brings through the smarter and even less complicated buy and hold techniques.
I never mentioned trading but trading chart, you can read that again. The use of the trading chart is for you to make an informed decision on your Bitcoin investment and not rely on beliefs and assumptions. Whether I call it a trading chart or an investment chart, they mean the same thing.
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JayJuanGee
Legendary
Online
Activity: 3892
Merit: 11128
Self-Custody is a right. Say no to"Non-custodial"
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August 30, 2024, 06:47:48 AM |
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-snip- Since you are so smart EarnOnVictor, you would have had been trading it the whole time, and really screwed up your profits, whether you had bought below $32..
You clearly did not get the gist judging by your statements, I never mentioned trading in what you replied to, it was all about investment. I think that I largely got the gist... sufficiently enough to make my comments, even if I am wrong, I am making a point about seeming contradictions in your post.. You are almost continuously promoting the idea and practice of trading and/or being smart in regards to playing expected bitcoin waves, and you have also been stating your regrets of your own past holding practices, presumptively since you would have had been able to make more money if you had traded rather than held.. Yet at the same you are applauding someone who would have gotten into bitcoin for less than $32 per BTC and acknowleging that such a person would have had made very good profits by holding, yet at same time proclaiming that the days of investing are over, since you even stated that the profits (or exponential price rises in bitcoin) are not likely going to be as high, and therefore trading should be the way forward rather than strict accumulating and holding. And certainly, I've been trading far before the crypto era, I've invested in a few assets and I've traded Bitcoin since 2013/2014, so I know the line between trading and investing and if I want to invest, I know what I am talking about and $32 is still very advantaged than when Bitcoin is $60,000, you can't undermine their market cap now.
Sure we cannot go back in the past, and you are trying to argue that times have changed, and suggesting that trading is more justifiable than it had been in the past, which surely seems to be erroneous thinking and even promoting of lame ideas to suggest that folks should seriously ponder trading bitcoin rather than investing into it based on bitcoin having had decent amount of past price growth and suggesting that trading is the preferable way to approach bitcoin, which also is misleading, even if you had been trading sine 2013/2014 in bitcoin and you also been trading before your involvement in bitcoin. So yeah, you are naturally inclined towards trading, and good for you. It still seems like a bad idea for more than 90% of the people coming into bitcoin, especially as compared to coming to bitcoin with a trading approach... but yeah, you still want to pump trading as if it were the best thing since sliced bread, and you are also seeming to agree with my point that even if you had gotten in bitcoin since below $32, you would have had been trading the whole time, whether that approach to bitcoin would have had been more profitable than a pure and strict investment approach is questionable, whether we are talking about your and your supposed expertise or any random newbie being able to get better results than a more strict investor. So a guy who started investing $50 per week into bitcoin in mid 2012 and continued to invest $50 weekly into bitcoin for the next 9 years, presumptively until mid-2021, would have had invested right around $23.5k and would have accumulated 231 BTC. So I doubt your fucking around in trading would have had beaten that, even though since you had been trading and you are still promoting trading, that's what you would have had been doing if you got into bitcoin starting in mid-2012 (trading, fucking around, believing that you were smarter than the investors and maybe even deluding yourself in regards to your supposed levels of profits, since you may well would have had been measuring your profits in the dollars that you were scalping off your investment rather than allowing those dollars to compound over time. And even if we go with a similar scenario of investing $100 per week starting from December 2013, you would have had invested nearly $57k and you would have had accumulated 46.2723 BTC, and sure that is not as good as the accumulation strategy in which you had gotten in 18 months earlier, but still not really bad results, and I have my doubts if you (or anyone else) would have had been able to beat such results in regards to trading or even some kind of trading practice that would have had been replicable. People have always thought bitcoin was overly priced and not able to go up as much as previously, and sure there is truth to the claim, but there is still a lot of upside potential in bitcoin, even if the multiples (and magnitudes) cannot be as great as they had been previously, but they are still sufficiently good and bitcoin remains amongst the best if not the best investment currently available. Bitcoin is about 1/15th the market cap of gold and bitcoin is likely around 1,000x or more more valuable than gold, and so even though it could take 50-200 years or more for the price matters to play out, we should still be able to recognize and appreciate something in the ballpark of 15k times price appreciation for bitcoin.. and yeah gold could lose value too in the process...so those relative prices based on market cap would not be just based on bitcoin going up relative to gold.
No doubt, Bitcoin is a good asset, which is why I am involved in it, but the reality that will dawn on people later is that it may not have the momentum to climb as fast as they expect. This doesn't mean it will not be appreciated, but what people think it would do in 4 years may be achieved in decades. Sure, whatever, people can choose how much to put into bitcoin and can try to figure what kinds of appreciation that they expect it to do, even of course, reasonably concluding that bitcoin's growth curve (in terms of percentages) is likely not going to be close to the same level of its historical price grown curve... so yeah, the bitcoin slope is likely becoming less steep. As for Gold, I don't see any correlation between it and Bitcoin and don't forget that Gold has physical use but Bitcoin does not have it. I've also noticed that the market cap of the two are irrespective of each other, Btcoin may grow while Gold grows as well, so there is enough room to contain both without interference in liquidity inflow, except for the preference of investors.
You can believe whatever you like. I already largely made my point in regards to the relevance including that bitcoin is likely in the ballpark of 1,000x or greater more valuable than gold, and we don't need to agree.. .you can come to your own calculations, including your presumption that there is some kind of importance (in regards to giving gold more value) in terms of its physicality, when in fact gold's physicality may well be more of a liability than a strength when it comes to various aspects of money, including but not limited to its portability, verifiability, divisibility and costs related to custody and transportation. Sure, gold does seem to have some utility value in regards to its physicality, but so fucking what, the various utility values does not cause it to be a better or good competitor to bitcoin in terms of monetary properties, and surely some of the utility value aspects contribute to inefficiencies in gold being used as a money... again, you can believe what you like about these evaluations and apportion your investment proportionate to your beliefs about the value comparisons. Wow... You used to be a HODLer and accumulator but you turned into a trader. How long did you practice HODLing and accumulating? A year? or some other amount of time within your seemingly vast bitcoin experiences?
This is not about trading but smart investment. It means the same thing from what you have been saying in the past... attempts to play the waves. I've always been a trader of Bitcoin even when I was HODLing a higher amount, but now, I've reduced the amount of my HODLing to maximise my earnings through a better feasible approach. It's still the same Bitcoin investment by the way.
Of course, you can apportion your trading versus the investment portion of your bitcoin holdings however, you like, and frequently I suggest that beginners do not allocate more than 10% of the value of their bitcoin holdings to trading, even if they want to practice. Of course, if you become more experienced, you can allocate however much you want to each of the categories, and surely, from my perspective, it would not be a good idea for anyone to allocate more than 10% of the size of his bitcoin holdings to trading, unless he had decent sized conviction and understanding about his experiences and skills.. and yeah, members here can do whatever they like with their investment choices, even if they jump more into trading than they should do based on their wrongly assessing their abiities and experiences. Each member is responsible for his own allocation choices. In spite of your claims, bitcoin is far from being a mature asset merely because some financial folks on wallstreet are starting to market and pump bitcoin. You are diluted if you believe bitcoin to have had come even close to becoming a mature asset.
That's your view, I have mine, and based on my experience in the financial market, I certainly know what I am saying. Do you know how many people trade Bitcoin daily in the financial market and how huge the volumes are? So it is not about pumping alone but the market behaving like a true mature asset. Perhaps, you took the "mature" as a cap in my last post, you are wrong if that is the case. It seems that at this time, I have already made my point sufficiently on this, and we don't even need to agree... yet ever since I got into bitcoin I have been hearing guys proclaiming that bitcoin is becoming sufficiently mature and various other kinds of nonsense that seem to limit their assessments of both where we are at and where we might be going, and if you happen to have a more sophisticated view of the topic, then good for you. Trading is a sure way for folks to lose money out of being greedy rather than just going along with whatever price appreciation that bitcoin brings through the smarter and even less complicated buy and hold techniques.
I never mentioned trading but trading chart, you can read that again. The use of the trading chart is for you to make an informed decision on your Bitcoin investment and not rely on beliefs and assumptions. Whether I call it a trading chart or an investment chart, they mean the same thing. Trading and investing are not the same from my point of view, and I cannot remember your trading/investing chart, to the extent it might need to be discussed further in regards to your assertion that trading and investing are largely similar... I know some traders consider their management of their trading capital as a kind of ongoing investment and working capital that they are trying to grow, so I don't really have any problem with those kinds of ideas, but I do have problem with promoting and/or pumping trading ideas as if they were superior to investing ideas, especially for bitcoin beginners who may well need to spend time building up their bitcoin holdings before getting into trading, but yeah in the end, people can do what they want...and make their own choices regarding how much they would like to or believe that they need to build up their bitcoin holdings prior to fucking around with trading. By the way, I do understand that there are people who do not have income earning options, so there could be some exceptions where it may well be good for some folks in places with problematic job markets to invest their time in learning and getting experience in regards to trading, yet I would still consider those to be exception situations rather than something that should be promoted as great ideas for everyone to go down some kind of a trading path prior to building up some level of bitcoin holdings first.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Cryptoprincess101
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August 30, 2024, 09:22:16 AM |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. You don't expect anyone to trust anything that is just new to them and has not gotten much awareness or recognitions so for those who knew about Bitcoin earlier and didn't invest in it, we can't blame them completely but seeing the growth of Bitcoin since it's invention till now, it will be very bad if someone that is aware of how Bitcoin has developed till this stage and not invest in it even when they are not lacking any financial constraints. As we hope to see the price of Bitcoin reaching milestones in the upcoming years, the best decision anyone can take now is to buy and hodl whether you missed out in the past when you had the opportunity to buy at more lesser prices but it is not yet too late to start making accumulations even though we feel the price is high but making consistent accumulations will lead to having huge stash in our portfolio because even though the future of Bitcoin is not certain but we are already seeing some promising movements that will enable us have confidence in it's development.
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bestcoins1
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August 30, 2024, 01:44:48 PM |
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You don't expect anyone to trust anything that is just new to them and has not gotten much awareness or recognitions so for those who knew about Bitcoin earlier and didn't invest in it, we can't blame them completely but seeing the growth of Bitcoin since it's invention till now, it will be very bad if someone that is aware of how Bitcoin has developed till this stage and not invest in it even when they are not lacking any financial constraints.
If there are people who have known about Bitcoin for a long time and still don't invest in Bitcoin or have some Bitcoin as their investment asset, it is very strange to me because people who have not known Bitcoin for long sometimes dare to make decisions to invest in Bitcoin and try to keep buying it every time. Because people who already fully know about Bitcoin and its development history must have an understanding and trust in Bitcoin so it is a bit strange when such people do not want to have Bitcoin which has been proven to be good. As we hope to see the price of Bitcoin reaching milestones in the upcoming years, the best decision anyone can take now is to buy and hodl whether you missed out in the past when you had the opportunity to buy at more lesser prices but it is not yet too late to start making accumulations even though we feel the price is high but making consistent accumulations will lead to having huge stash in our portfolio because even though the future of Bitcoin is not certain but we are already seeing some promising movements that will enable us have confidence in it's development.
The future of Bitcoin will still be good and those who are still hesitant to accumulate Bitcoin from now to increase the amount into their portfolio will always feel the price of Bitcoin is expensive because their confidence to buy and hold Bitcoin is still not too big so their mentality still needs to be sharpened a little to be able to increase their confidence in Bitcoin. And yes, it is never too late for those who want to start this from now because buying and holding Bitcoin will never be a loss as long as we do not immediately sell it when there is a price drop.
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sotelorene
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August 30, 2024, 04:00:33 PM Merited by JayJuanGee (1) |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. You don't expect anyone to trust anything that is just new to them and has not gotten much awareness or recognitions so for those who knew about Bitcoin earlier and didn't invest in it, we can't blame them completely but seeing the growth of Bitcoin since it's invention till now, it will be very bad if someone that is aware of how Bitcoin has developed till this stage and not invest in it even when they are not lacking any financial constraints. As we hope to see the price of Bitcoin reaching milestones in the upcoming years, the best decision anyone can take now is to buy and hodl whether you missed out in the past when you had the opportunity to buy at more lesser prices but it is not yet too late to start making accumulations even though we feel the price is high but making consistent accumulations will lead to having huge stash in our portfolio because even though the future of Bitcoin is not certain but we are already seeing some promising movements that will enable us have confidence in it's development. In as much as Bitcoin is a very nice investment and has proven itself for some years doesn't mean that anyone who has the awareness of it should invest I mean everyone has choice of investment and there are other investment that are very nice and promising. Below are the reasons why I think some people don't want to invest in Bitcoin. 1. Lack of understanding: there are people who still see Bitcoin as scam till today reason because they mistake trading ( loss and gain) to Bitcoin investment. 2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through... 3. Lack of interest: there are people who has the fund I mean a good source of income but they are not interested in Bitcoin investment.
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Ruttoshi
Sr. Member
Offline
Activity: 504
Merit: 404
Baba God Noni
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August 30, 2024, 05:34:43 PM |
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Whoever has the awareness of bitcoin and did not invest now will regret it in future when bitcoin price hits 6 digits just like some people currently are regretting that they know about bitcoin in the early days when the price was below $1000 but didn't invest. Currently, I don't think that there is any good investment that has the potential to give you high profit like bitcoin will do if you invest and build your bitcoin stash for a very long time. Why I like bitcoin investment is that nobody will know that you are investing and you don't need to be stressing yourself from one place to another under the sun. Bitcoin gives you the chance of being your own bank and your coins are safe under your custody. You have total access over your investment and no one will know how much your bitcoin investment worth. 2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...
Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.
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tiCeR
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August 30, 2024, 06:33:33 PM Merited by JayJuanGee (1) |
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In as much as Bitcoin is a very nice investment and has proven itself for some years doesn't mean that anyone who has the awareness of it should invest I mean everyone has choice of investment and there are other investment that are very nice and promising. Below are the reasons why I think some people don't want to invest in Bitcoin.
1. Lack of understanding: there are people who still see Bitcoin as scam till today reason because they mistake trading ( loss and gain) to Bitcoin investment. 2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through... 3. Lack of interest: there are people who has the fund I mean a good source of income but they are not interested in Bitcoin investment.
I would argue that there are some assets everyone should at least own something of. The difference between real estate and bitcoin is that the latter has more use cases, can be turned into cash much quicker if for some reason needed and the best part is that you can own it in small fractions. If someone tells you that owning a house is as important, then firstly I don't know whether that is true, and secondly you usually can't own fractions. Bitcoin is very different in that regard because why not just own a million satoshis? Or 100,000 satoshis if you can't afford more? It is also very different because the housing market is mature so to say. It would be nice to own a house because it saves you rent, but this is by no means always the optimal solution. Look what's happening in China, they built too many houses and are now in huge trouble. Yes, too many houses! I know there are a lot of countries where there is not enough housing and therefore rents explode, but in China the rent is about 25% or that in the USA. The chance that your house makes you 100% gain in the next five years is much lower than bitcoin making you 100%. And a house often times ties up all your resources. As I said you can own bitcoin in fractions and you are all set. Many people think they need a whole BTC, but there is no need for it and isn't possible either as there is only 21 million, meaning that only 0.25% of the world's population could own a whole BTC. Just do the math and think about how many people already own a good bunch of BTC. If bitcoin keeps expanding throughout the future, some folks might be very happy about owning 1/10th of a BTC.
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Stable090
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August 30, 2024, 08:30:28 PM |
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If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin.
Lots of people knew about bitcoin at the early stage, but they never believed in it, they were thinking bitcoin would die, they never expected such an incredible performance from bitcoin, so they never invested in it, but they now regret why they didn’t invest in it at their early stage. Some people refuse to invest in bitcoin currently, just because they think the bitcoin price is too high, and they believe if they invest, they won’t be able to make much profit. I'm sure people like that will be surprised in the near future, and they're going to regret why they didn’t invest now.
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Cryptoprincess101
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August 30, 2024, 09:13:25 PM |
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Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed. People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years. No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin. Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big. You don't expect anyone to trust anything that is just new to them and has not gotten much awareness or recognitions so for those who knew about Bitcoin earlier and didn't invest in it, we can't blame them completely but seeing the growth of Bitcoin since it's invention till now, it will be very bad if someone that is aware of how Bitcoin has developed till this stage and not invest in it even when they are not lacking any financial constraints. As we hope to see the price of Bitcoin reaching milestones in the upcoming years, the best decision anyone can take now is to buy and hodl whether you missed out in the past when you had the opportunity to buy at more lesser prices but it is not yet too late to start making accumulations even though we feel the price is high but making consistent accumulations will lead to having huge stash in our portfolio because even though the future of Bitcoin is not certain but we are already seeing some promising movements that will enable us have confidence in it's development. In as much as Bitcoin is a very nice investment and has proven itself for some years doesn't mean that anyone who has the awareness of it should invest I mean everyone has choice of investment and there are other investment that are very nice and promising. Below are the reasons why I think some people don't want to invest in Bitcoin. 1. Lack of understanding: there are people who still see Bitcoin as scam till today reason because they mistake trading ( loss and gain) to Bitcoin investment. 2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through... 3. Lack of interest: there are people who has the fund I mean a good source of income but they are not interested in Bitcoin investment. Those who don't learn from history are doomed to repeat the mistakes of the past so if someone who had opportunity to buy Bitcoin in the past at a very low price still sees Bitcoin as scam even by this point of it's growth then such a person doesn't really want a liberation in their financial status and maybe derives joy in being stagnant without making positive decisions that can enhance their well-being in the future to come. Except for someone who doesn't have a source of income that can give excuse for not investing but yet so far as they can still get funds to meet up other life obligations they can as well invest in Bitcoin since the DCA strategy gives the ease to invest with certain amount that will not affect your daily needs. It is normal for someone to choose not to get involved in Bitcoin investments but in other words anyone who doesn't have the interest to invest in Bitcoin is as same as people who hate Bitcoin and such people will continue to live in financial bondage because they don't appreciate freedom.
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ginsan
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August 30, 2024, 09:22:48 PM |
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Lots of people knew about bitcoin at the early stage, but they never believed in it, they were thinking bitcoin would die, they never expected such an incredible performance from bitcoin, so they never invested in it, but they now regret why they didn’t invest in it at their early stage. Some people refuse to invest in bitcoin currently, just because they think the bitcoin price is too high, and they believe if they invest, they won’t be able to make much profit. I'm sure people like that will be surprised in the near future, and they're going to regret why they didn’t invest now.
The lay people about Bitcoin will regret when they see the development of bitcoin which is much more advanced than other assets. Also their biggest regret is not wanting to learn about bitcoin so it will make them lag behind the times. Some of the advantages of Bitcoin that we do not realize continue to advance in several countries such as El Salvador and many other countries. Large banks in many countries have invested in bitcoin and also large companies continue to buy bitcoin in order to change the company's treasury balance sheet to Bitcoin. Of course Bitcoin is very appropriate and quite appropriate to own and also hold in the long term. I think those who sell are those who are weak-handed and do not have broader knowledge about bitcoin. If those who have learned about bitcoin then they continue to buy and hold their Btc holdings.
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to"Non-custodial"
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August 30, 2024, 09:53:38 PM |
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[edited out]
In as much as Bitcoin is a very nice investment and has proven itself for some years doesn't mean that anyone who has the awareness of it should invest I mean everyone has choice of investment and there are other investment that are very nice and promising. Below are the reasons why I think some people don't want to invest in Bitcoin. 1. Lack of understanding: there are people who still see Bitcoin as scam till today reason because they mistake trading ( loss and gain) to Bitcoin investment. 2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through... 3. Lack of interest: there are people who has the fund I mean a good source of income but they are not interested in Bitcoin investment. In the end, there needs to also be a sufficient quantity of motivation to act.. ... so even if all of these three were satisfied, there has to be action... which is starting to buy, which may also require some setting up of accounts and/or finding ways to facilitate their BTC buys. [edited out]
I would argue that there are some assets everyone should at least own something of. The difference between real estate and bitcoin is that the latter has more use cases, can be turned into cash much quicker if for some reason needed and the best part is that you can own it in small fractions. When I read your above sentence that" "there are some assets everyone should at least own something of," I was wondering what might be the "assets" that anyone needs to own besides bitcoin and cash. Of course, as your investment portfolio grows, then there might be some need, want or preference to diversify the portfolio beyond bitcoin and cash, yet there is no reason that anyone needs to hold any other assets in the beginning of his investment journey. If someone tells you that owning a house is as important, then firstly I don't know whether that is true, and secondly you usually can't own fractions.
Bitcoin is very different in that regard because why not just own a million satoshis? Or 100,000 satoshis if you can't afford more? It is also very different because the housing market is mature so to say. It would be nice to own a house because it saves you rent, but this is by no means always the optimal solution. Look what's happening in China, they built too many houses and are now in huge trouble. Yes, too many houses! I know there are a lot of countries where there is not enough housing and therefore rents explode, but in China the rent is about 25% or that in the USA.
The chance that your house makes you 100% gain in the next five years is much lower than bitcoin making you 100%. And a house often times ties up all your resources.
Surely housing has a lot of costs associated with it, which is going to vary from jurisdiction to jurisdiction. As I said you can own bitcoin in fractions and you are all set. Many people think they need a whole BTC, but there is no need for it and isn't possible either as there is only 21 million, meaning that only 0.25% of the world's population could own a whole BTC. Just do the math and think about how many people already own a good bunch of BTC. If bitcoin keeps expanding throughout the future, some folks might be very happy about owning 1/10th of a BTC.
Frequently we suggest to get as many bitcoin as you can without overdoing it in such a way that you are going to cause yourself to lose your bitcoin prior to your wanting to use it... but, yeah anyone new to bitcoin or even within his own whole first cycle of BTC accumulation might want to figure out ways to accumulate as much as he can, which might even require figuring out ways to increase discretionary income, and yeah we know that there are guys who don't have very much discretionary income, and there may well be needs that they invest in their own skills and experiences so that they can increase their discretionary income. Not easy for some people, yet still important for any guys who know about bitcoin to at least be attempting to take some actions to accumulate whatever quantity of bitcoin they are able to accumulate, and surely even 0.1BTC is already going to be quite difficult for some guys and might even take 3-5 years or more of ongoing, persistent and consistent BTC accumulation to even be able to come close to accumulating even those fractional levels of a bitcoin, and sure it is not a big deal, as you mentioned tiCeR, since everyone and anyone can concentrate on accumulating even fractions of a bitcoin and focus on satoshis, so maybe first work up to getting 100k sastoshis, then 200k then 500k then 1 million then 2 million then 5 milllion, then 10 million and etc etc.. . maybe whatever progress is reasonable and practical. If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin.
Lots of people knew about bitcoin at the early stage, but they never believed in it, they were thinking bitcoin would die, they never expected such an incredible performance from bitcoin, so they never invested in it, but they now regret why they didn’t invest in it at their early stage. Some people refuse to invest in bitcoin currently, just because they think the bitcoin price is too high, and they believe if they invest, they won’t be able to make much profit. I'm sure people like that will be surprised in the near future, and they're going to regret why they didn’t invest now. The question never goes away and the feeling of being too late also never goes away, especially for the no coiners and low coiners who are failing refusing to act. Many of us started in bitcoin and feeling that we were too late, yet after many of us spent one to two cycles accumulating and/or attempting to maintain our BTC stashes, then after a while we might well no longer feel that we were too late, even though surely there can still be regrets about not buying more earlier, yet if we are continuously investing into bitcoin in fairly aggressive ways, then it becomes quite a bit more difficult to become regretful about any potential overly whimpiness in the earlier parts of our BTC accumulation journey.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Richbased
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August 31, 2024, 06:03:16 AM |
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2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...
Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money. No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.
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laijsica
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August 31, 2024, 10:11:47 AM |
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2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...
Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money. No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin. Basically investment is an independent medium in which an investor accumulates bitcoins as per his wish every week or every month. Investments mired in a web of obligations may not be viable in the long run. You need to ensure an alternative source of income to meet the daily needs of the family as well as maintain a decent amount of Bitcoin deposits. Alternative sources of income will justify you holding large amounts of Bitcoins for the future with every responsibilities properly performed. You should definitely advise those who want to start and are interested in depositing bitcoins based on their disposable income and possible price progression of bitcoins. A common mistake many guys make when it comes to investing is to give more priority to investments than real assets which can hurt them later such as the tendency to withdraw midway. I think the tendency for a bitcoin depositor to withdraw investments midway can deprive him of much profit. Also by long term holding he could get huge stack in future and decrease UP.
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