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Author Topic: When will you finally buy  (Read 1115 times)
Pmalek
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September 01, 2024, 03:47:36 PM
 #81

Don't concern yourselves with short-term price gains or losses. Those don't matter. Scroll further out if you are looking at the charts to see what is possible long-term. If you are acquiring bitcoin as a side hussle from freelancing or doing gigs like signature campaigns on Bitcointalk, what difference does it make what the value will be two days, weeks, or months from today? Even if it goes up just one percent, it's 1% more purchasing power that you gain compared to your fiat currency that is constantly being devalued. 

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September 01, 2024, 07:18:08 PM
 #82

Mike to Jeff in 2012 when Bitcoin was $1.50

Mike  : Jeff, will you buy Bitcoin?
Jeff : Nah, Bitcoin is a total scam and Ponzi scheme.

Mike to Jeff in 2014 when Bitcoin was $1000

Mike : Bitcoin is up to 5000%, so you want to buy now?
Jeff: Nah, it's too bullish, I will buy it when it drops

Mike to Jeff in 2018 when Bitcoin was $100

Mike : bitcoin is down 90%, this is the perfect time to buy.
Jeff : hmmm, I've heard Bitcoin is going to zero


Mike to Jeff in 2015 when Bitcoin was $18,000

Mike : bitcoin is about to reach $20,000! Have you bought it?
Jeff : nope, but this time when it drops I will certainly buy

And the trajectory continues like that forever and ever and ever and some Jeffs don't have a single Bitcoin in their portfolio and the same way they felt it was too bullish to buy in years past, they feel that the current price is too high to buy.

To the procrastinators in the building, when will you finally buy? Or you're looking for one sweet excuse you will use this time around?

This is the  same way many people sluggishly lost the opportunity of investing in Bitcoin. Even now, there are some persons that would still argue that buying Bitcoin now looks expensive and they would have to wait for a while for the price to fall more before they can buy and  accumulate Bitcoin for themselves. It is not an easy decision when it comes to making financial decisions.

 If we want to invest in cryptocurrency, it is good we ask questions from people that knows and understand the market well to proper explanations before we dave into the market making decisions decisions on our own. I know sometimes, it can be a critical decision to investor when the price looks high but we just need to be taking some risk because it can be a big opportunity for us.

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September 01, 2024, 09:54:27 PM
 #83

The fact that people who knew bitcoin from the onset till date don't have bitcoin in their portfolio but some are still rich outside bitcoin investment shows me that not everyone will be bitcoin investors but yet they will have their way through the matrix. having said that I'm not of the opinion that not investing in bitcoin is good.

Truth remains that their are lots of people in the crypto space that might have sugars in their mouths yet prefer to throw them away, it's a personal race every one is entitled to their decisions whether to buy or not to buy but what I keep saying to those who consciously refuse to buy is not to cry out to me when they see others results of taking the risk.

I have my portfolio growing gradually and that's what everyone of use here should or are already doing.
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September 04, 2024, 02:14:07 PM
 #84

You can't have the knowledge of bitcoin and you will be thinking where or when to buy bitcoin from market when you have the money, because there is no price can stop you not to buy bitcoin and hold for long term, if you are not financial buoyant, you can wait until the price of bitcoin reduce to your level before you can buy and hold and you will like what you are going to earn when the price hit $100k in the future.

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September 04, 2024, 08:08:30 PM
 #85

Someone who is willing to start their investment would surely start buying when is ready without procrastination. I wouldn't allow anyone to be pressured in investing in Bitcoin as it is something that has to come from the mind willingly. Any investment done with pressure from peer groups, influenced from friends, colleagues, and even family members may end up not been successfully. A good investor make proper plans by working with his won space based on his risk tolerance.  One thing is to set an investment goal and the other is to see it to the end. If one is going to start an investment and at the end of the day he stat tapping from the investment then there is no need to start that investment.

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September 04, 2024, 10:04:07 PM
 #86

You can't have the knowledge of bitcoin and you will be thinking where or when to buy bitcoin from market when you have the money, because there is no price can stop you not to buy bitcoin and hold for long term, if you are not financial buoyant, you can wait until the price of bitcoin reduce to your level before you can buy and hold and you will like what you are going to earn when the price hit $100k in the future.
Bitcoin investment is optional, but also someone can be talked with a clearer picture and understanding on how and importance of investing. Most people here who became Bitcoin enthusiasts never knew or understood Bitcoin just by themselves, many were talked in from discussion with friends or families then with own further enquiries. As time goes by, knowledge is spread and further adoption begins, a few people who are currently in the Bitcoin market currently, years back a good number of them where all Bitcoin critics but what remains constant is change and it has strongly impacted Bitcoin adoption.

As much, there are those who procrastinates alot, not because they are not interested or are no financially stable to set up their investment portfolio but are just a feast for procrastination and most of the times reduces great chances of acquiring Bitcoin at a more decent price than they should have, just as exemplified by OP. 

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September 04, 2024, 10:41:48 PM
 #87

One of the reasons for procrastination is lack of money. Procrastination that is about investment is orchestrated by lack of money. A rich man who has money in abundance and have spendables will not think much or stress whoever is talking to him about investment opportunities. Too many questions and too many doubts is what lack of money brings. When you are not sure when next you will get $100, you will guard the one you have like your life depends on it.
Funny enough, it's still the poor that needs this opportunity of bitcoin. Because people who are already made would not care about bitcoin.

 
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September 05, 2024, 06:13:54 AM
 #88

It is okay if they won't buy as long as you've reminded them once or twice, that's already more than enough for you to be worried about people close to you or strangers buying Bitcoin. Once you're able to give your thoughts about it, you don't talk about it with them anymore. You do and mind your own business than them. But expect them to come whenever they see the radar and see that the price of Bitcoin is going up again. Worry about yourself and your holdings and you shall do fine on this market. While the rest, don't be bothered with those people that you've already mentioned about it. Give them time if they will buy, they've done it already but for some reasons and circumstances there could be some valid reasons why they haven't done yet.

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September 05, 2024, 01:38:32 PM
 #89

With this kind of statement, it seems that they are not interested at all, and for me I don't push other people if they don't want to. It seems they don't really care at all, but if I have the opportunity and see the potential of the bitcoin for buy at least I will grab it because we know the bitcoin itself how it moves. If you just want to get caught with the bitcoin I guess this is a wrong move possible you make a wrong entry position and might loss your profit instead you take for a long term holding just to get back those losses. Well there's nothing wrong with it if you are seeing the price of the coin for a long term investment.

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September 05, 2024, 01:44:59 PM
 #90

It is okay if they won't buy as long as you've reminded them once or twice, that's already more than enough for you to be worried about people close to you or strangers buying Bitcoin. Once you're able to give your thoughts about it, you don't talk about it with them anymore. You do and mind your own business than them. But expect them to come whenever they see the radar and see that the price of Bitcoin is going up again. Worry about yourself and your holdings and you shall do fine on this market. While the rest, don't be bothered with those people that you've already mentioned about it. Give them time if they will buy, they've done it already but for some reasons and circumstances there could be some valid reasons why they haven't done yet.

I have come to the conclusion that we shouldn't talked anyone in to investing in Bitcoin but we should rather share the knowledge we have in Bitcoin and allow them to make that very investment decision so as to enable them make an informed decisions towards their investments and will not blame anyone in the case of things not going according to their plans, Bitcoin investment is beyond being convinced by another person rather it takes personal decision and conviction to invest in Bitcoin and not because it is what every one is doing or talking about. But however, undoubtedly alot are going to regret on seeing where Bitcoin is going to be in the future time, just as those who regretted not investing when they had the opportunity when Bitcoin was at it's earliest days.

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September 05, 2024, 03:44:35 PM
 #91

Bitcoin investment is optional, but also someone can be talked with a clearer picture and understanding on how and importance of investing. Most people here who became Bitcoin enthusiasts never knew or understood Bitcoin just by themselves, many were talked in from discussion with friends or families then with own further enquiries. As time goes by, knowledge is spread and further adoption begins, a few people who are currently in the Bitcoin market currently, years back a good number of them where all Bitcoin critics but what remains constant is change and it has strongly impacted Bitcoin adoption.

very optional and you don't have to force people to invest in bitcoin and advising them to invest should also be optional and some of them is not as if they don't know the importance of investing in bitcoin sometimes it is just procrastination and also fear of spending their money, now one foreseen their self investing in bitcoin and if you actually need an investment you can do bitcoin either you are holding or you are trading it. and the way we get involved in bitcoin is actually very different, and the difference was also made it possible for us to actually adopt bitcoin, even if it as not been easy but to some extent it is worth it, and if it is about the critics they are already reducing because they are already getting the right information and people are even very ready to invest in bitcoin, that is exactly how it is suppose to be.

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As much, there are those who procrastinates alot, not because they are not interested or are no financially stable to set up their investment portfolio but are just a feast for procrastination and most of the times reduces great chances of acquiring Bitcoin at a more decent price than they should have, just as exemplified by OP. 

procrastinates  is a very big problem not just because of bitcoin but it have cost a lot of people a lot of great opportunities the moment we can over ride that then we have solved half of our problem, because, there are days when you will  want to do something and you will feel like doing it latter and when you get use it, you will have prove problem because you become very lazy you will keep postponing until you will not be able to achieve anything so it is better to make a choice when ever you want to  do.

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September 05, 2024, 05:15:40 PM
 #92


Bitcoin investment is optional, but also someone can be talked with a clearer picture and understanding on how and importance of investing. Most people here who became Bitcoin enthusiasts never knew or understood Bitcoin just by themselves, many were talked in from discussion with friends or families then with own further enquiries. As time goes by, knowledge is spread and further adoption begins, a few people who are currently in the Bitcoin market currently, years back a good number of them where all Bitcoin critics but what remains constant is change and it has strongly impacted Bitcoin adoption.

Honestly, for someone to invest in Bitcoin, it is a matter of choice. The truth is that Bitcoin investment is a good investment. Many people have made huge profits from their Bitcoin investment, especially those early investors. In fact, from the history of Bitcoin, it has proven to be a good investment, and I don't think people need to be advised to invest in Bitcoin or made aware of it anymore, because I feel Bitcoin is no longer new to the world. The number of people involved in Bitcoin is everywhere.However, if anyone is still interested in raising awareness, it is a good idea because those who never thought of doing research on their own can learn early, and from there, they may start their own research.

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As much, there are those who procrastinates alot, not because they are not interested or are no financially stable to set up their investment portfolio but are just a feast for procrastination and most of the times reduces great chances of acquiring Bitcoin at a more decent price than they should have, just as exemplified by OP. 


Yes, there are some people who have basic knowledge of Bitcoin and a little money to invest in it, but because they want to buy the dip, they keep procrastinating. Even when the Bitcoin price dips, they continue thinking that it will drop further. Due to this procrastination, some people had the opportunity to buy when it dipped to $20k, but they thought it would go lower and kept waiting, planning to buy when it hit $19k. When it reached $19k, they still kept delaying the purchase. This habit of procrastinating has caused some people to lose their opportunity to invest in Bitcoin, as they ended up wasting the money on other unnecessary things.

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Awaklara
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September 05, 2024, 05:23:58 PM
 #93

procrastinates  is a very big problem not just because of bitcoin but it have cost a lot of people a lot of great opportunities the moment we can over ride that then we have solved half of our problem, because, there are days when you will  want to do something and you will feel like doing it latter and when you get use it, you will have prove problem because you become very lazy you will keep postponing until you will not be able to achieve anything so it is better to make a choice when ever you want to  do.
what is a barrier to people's hesitation to invest in Bitcoin is their knowledge. we can advise people but when the person does not have knowledge about Bitcoin then there will still be doubts that are a factor preventing people from starting to buy Bitcoin. especially if influenced by bad news that might affect their thinking.
I don't think delaying investing is a big problem. the problem is belief and trust. as conveyed by the OP through conversation. it may sound like a joke, but the situation may relate to the current condition of some people. what we need to know when we invest, we must first have knowledge and confidence in the assets we are going to buy.

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Onyeeze
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September 05, 2024, 06:35:03 PM
 #94

After understanding the market and observing the market, a decision should be reached as to when to invest and how long to hold. Investors generally invest in two ways one is they hold the investment for a long time second is they sell their investment at some profit. What kind of investment you make is entirely up to you. You can invest for short term if you want or you can invest for long term if you want. However, investing in a quick sell plan requires a lot of market research before making that investment.
The enjoyment of investing in Bitcoin is for long-term investment, invest and forget your investment that for long-term so that you will make a profit, I know very well that bitcoin investment when you're afraid to invest its the time you will experience lost for your investment, its better you invest and forget about your investment in cryptocurrency, so therefore I will like to advice people not to be more interested in making profits in any bitcoin investment, except that you just want to invest for short term, I know very well that people who is more interested for fast profit making is people who is afraid of investment.

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September 05, 2024, 09:02:25 PM
 #95

There's no reason to be bothered about others not owing or Buying Bitcoin at the moment,  you won't force anyone to invest on what he or she doesn't understand, The problem that most people that are still on the sideline waiting to buy Bitcoin is that they're yet to understand the different between fiat currency and Bitcoin, the moment anyone who's holding cash get to understanding that his losing his purchasing power by holding the fiat currency you wouldn't even be the one to tell anyone to Buy Bitcoin, they will even look for away to do it themselves or even look for Bitcoin enthusiasts near them to help out.

 
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Zoomic
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September 06, 2024, 12:41:42 AM
 #96

There's no reason to be bothered about others not owing or Buying Bitcoin at the moment,  you won't force anyone to invest on what he or she doesn't understand, The problem that most people that are still on the sideline waiting to buy Bitcoin is that they're yet to understand the different between fiat currency and Bitcoin, the moment anyone who's holding cash get to understanding that his losing his purchasing power by holding the fiat currency you wouldn't even be the one to tell anyone to Buy Bitcoin, they will even look for away to do it themselves or even look for Bitcoin enthusiasts near them to help out.
In as much as we are in this forum sharing vital information and discussion, we should still understand that there are people who do not trust Bitcoin. It is not only the poor or the less privilege who do not have good information about Bitcoin that doesn't trust it. There are rich people who has ample information about bitcoin and yet they decided not to invest in it. I do not blame the rich if they refuse to invest in Bitcoin because they have other sources of income. Sometimes I also do not need to blame the poor who do not have money to invest. Even the people that are doubtful, in real life they might not be that skeptical but they are trying to guard against the previous mistakes they have made.

Many persons are victim. When did get stamped with Ponzi scheme and the rest of them, it will be difficult for them to later embrace Bitcoin. That trauma of losses would still be in them and they will likely doubt every other opportunity that comes their way.

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Judith87403
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September 06, 2024, 10:34:25 AM
 #97

People like this always ask a lot of questions but never act to buy when the price drops he will come when bitcoin is high and will disappear when bitcoin drops 90% that's how people I've met.

I'm sure your friends or relatives or other people have asked you this? Grin

That is a pessimistic person, when bitcoin goes down the sense of trust will disappear he believes more in negative news that he might consider a scam, but when the price skyrockets he wants to make a profit it's just that the price is high so he never dares to buy, then people like this are cowards.

Exactly most people only buy when the market shows green they don't buy when the market shows declined, without knowing that buying bitcoin when there's deep in the price is the best because the price will be very cheap then so that before it will think of coming back to it's normal value you most have accumulated a lot. However buying bitcoin when the market shows green is not the best idea because the price will be very high and not everyone that can afford to buy when the price surge high, this is why is very good to start accumulating bitcoin now that the price is still somehow cheap.

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September 06, 2024, 12:46:21 PM
 #98

People like this always ask a lot of questions but never act to buy when the price drops he will come when bitcoin is high and will disappear when bitcoin drops 90% that's how people I've met.

I'm sure your friends or relatives or other people have asked you this? Grin

That is a pessimistic person, when bitcoin goes down the sense of trust will disappear he believes more in negative news that he might consider a scam, but when the price skyrockets he wants to make a profit it's just that the price is high so he never dares to buy, then people like this are cowards.

Exactly most people only buy when the market shows green they don't buy when the market shows declined, without knowing that buying bitcoin when there's deep in the price is the best because the price will be very cheap then so that before it will think of coming back to it's normal value you most have accumulated a lot. However buying bitcoin when the market shows green is not the best idea because the price will be very high and not everyone that can afford to buy when the price surge high, this is why is very good to start accumulating bitcoin now that the price is still somehow cheap.

Lack of knowledge and confidence let them to do bad decision towards buying their coins they want. Since usually they easily get carried out by fear of other people then decide not to buy when bearish trend occur. But when there's a hype brought up by bullish event it trigger their interest since what these people think is they this is the time where they can earn profits from crypto. They must correct this attitude since thinking will not bring them anywhere and provably they are near to lose their money especially if they bought their coins at the top  since most likely the one they encounter next is correction. That's why sometimes I usually don't do trades and just focus on my long term investment with bitcoin since from doing this it give me less stress and not paying attention much on the market volatile movements.

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September 06, 2024, 02:52:11 PM
 #99

Lack of knowledge and confidence let them to do bad decision towards buying their coins they want.
Being not confident while already spending money is not good because uncertainty, fear can lead to bad reactions in a volatile market. However, being too confident and close your eyes to red flags or warning signals is bad too.

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Since usually they easily get carried out by fear of other people then decide not to buy when bearish trend occur. But when there's a hype brought up by bullish event it trigger their interest since what these people think is they this is the time where they can earn profits from crypto.
They usually do oppositely to what they should. Holding positions in bear market to see loss bigger and bigger while fail to hold tight in a bull run to maximize profit. In bull run, newbies will try to take small profit and miss most of parabolic curve of the bull run.

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Mpamaegbu
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September 06, 2024, 05:28:38 PM
 #100

Overall, those who don't want to buy Bitcoins can't be called procrastinators. They have a reason for not buying it.
You're right that they've a reason not to invest in Bitcoin. I agree with you that not everyone will invest in what we think is worthwhile, that's a given. However, when we find those who give reasons for not investing in Bitcoin as we're advocating now begin to cry in regret of not heeding that call we know that their reason was borne out of fear and pessimism; and not from  financial prudence.

As for those who are still foot dragging, they should know that the least of risk in crypto investment is with Bitcoin. It will make sense if they can judge or assess that as a long term investment rather than as a short term investment.


Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're.
Only fools think they've it all. Stay humble 🤔
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