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Author Topic: Quit the doubt, it's not too late for Bitcoin investment.  (Read 479 times)
MainIbem (OP)
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June 23, 2024, 05:38:16 AM
 #1

 The journey of a thousand miles begins with a step and I consider those who were opportuned to mine Bitcoin and also invested at the early days as the ones who took the best step, it's not supposed to be debated cause we've all seen the success of the project from the first day of creation by Satoshi to this present day, except maybe the ones who sold their assets for unnecessary wants, but people who held for a long term are benefiting well from their decisions currently. However there should be no calls for alarm for those who weren't opportuned to invest at the early days cause there's still hope and the different ATH's Bitcoin has reached is a big prove, so the best decision to make is to invest at this point when it's still the current price. The people I feel sorry for are those who have the financial capacity to invest heavily in Bitcoin but still have doubt over it's potential, I mean why would anyone even have doubts when they've seen Bitcoin set different ATH since it's creation to this point, well there would always be a doubting Thomas, those who would still find it difficult to believe even when they've seen prove that sometime is real. Nevertheless, if there's anyone who's willing to invest in Bitcoin but still have doubts, I put it to you that the best decision you'll make is to buy Bitcoin and Hodl, don't get discouraged by the drop in price cause I believe you should've known by now what volatility means.

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June 23, 2024, 06:11:38 AM
 #2

The people I feel sorry for are those who have the financial capacity to invest heavily in Bitcoin but still have doubt over it's potential,
they probably are just scared of bitcoin's volatile nature

they can't get themselves to learn about bitcoin and try to learn how to manage the risks that go alongside investing in btc because they don't just understand how much profit you can make from btc

meanwhile you have people who are well aware of btc but has no enough funds to actually invest in it,... it is truly an unfair and cruel world we live in.

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June 23, 2024, 06:42:41 AM
 #3

There are time to invest in bitcoin which is the bull season and there are time not to invest in bitcoin which is the bear season. The bull season has started since 2023 and not yet over. Investing in bitcoin right now would be good. But not all the time someone can invest in bitcoin. There are sometimes that you just need to wait until the massive bear season is over but we are not yet in that period of time.

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June 23, 2024, 07:08:44 AM
 #4

OP can I tell you that I am the one who took the best step and not the miners? Lol.
The miners are actually like external bodies of the developers of Bitcoin but do not need to be convinced because they have the technical ideal of how possible Bitcoin creation could be actualized to reality utilization while I am obviously not associated with any of it and needed to be convinced by those who are already into the system and then will have to think otherwise in both positive and negative before making my decision until I accepted Bitcoin even though I was late.

I heard of Bitcoin around 10 years ago and just last year I embraced the technology. Sometimes I found myself to be blamed why I was so late but I came to understand that my emotions needed to be balanced so that I can be able to handle the risks involved in the financial technology while understanding that Bitcoin is a volatile currency.
So, others who are still in doubt of Bitcoin also needed such time to balance their emotions while on the rhythm contemplating their decisions and interests on the Bitcoin.

Moreover, Bitcoin is not a centralized system that the government as the authorities may say that... From hence forth, this is the acceptable financial system that everyone should embrace instead Bitcoin is a decentralized digital currency that leaves everyone a self decision to decision what their intake is about the currency so, let us not find those who could not invest or accept Bitcoin as alternative means of payments to be lost in the digital era ed maybe today. It just all about choice.

When to invest and when to sell all depends on the investors and individuals and it doesn't matter what we used the funds for. Those who fears holding at the Dip are literally investors who do not understand what it means Holding and Buying at the Dip and if they do, they would always take chances to explore more to their assets while the ATH ahead proves the rewards.

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June 23, 2024, 07:50:38 AM
 #5

I wonder how many of those who invested early on actually managed to hold long enough. I joined only around 2015, and even I remember a time when $600 per BTC felt like such a great price. Apart from selling, it was easy to lose coins due to scams, locking yourself out of your wallet, or accidentally making transfer mistakes.
But no matter when someone invested, surely it was hard not to sell at some point. In the grand scheme of things, I agree it's not too late to invest, but people should do what feels right to them.

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June 23, 2024, 07:51:12 AM
 #6

The journey of a thousand miles begins with a step and I consider those who were opportuned to mine Bitcoin and also invested at the early days as the ones who took the best step, it's not supposed to be debated cause we've all seen the success of the project from the first day of creation by Satoshi to this present day, except maybe the ones who sold their assets for unnecessary wants, but people who held for a long term are benefiting well from their decisions currently. However there should be no calls for alarm for those who weren't opportuned to invest at the early days cause there's still hope and the different ATH's Bitcoin has reached is a big prove, so the best decision to make is to invest at this point when it's still the current price. The people I feel sorry for are those who have the financial capacity to invest heavily in Bitcoin but still have doubt over it's potential, I mean why would anyone even have doubts when they've seen Bitcoin set different ATH since it's creation to this point, well there would always be a doubting Thomas, those who would still find it difficult to believe even when they've seen prove that sometime is real. Nevertheless, if there's anyone who's willing to invest in Bitcoin but still have doubts, I put it to you that the best decision you'll make is to buy Bitcoin and Hodl, don't get discouraged by the drop in price cause I believe you should've known by now what volatility means.
Yes I think it's not that much late to Invest into Bitcoin because now it's time for bitcoin to revolutionise now. As the world is changing now and everything is being digitised and generation Z like to automate every single thing.

Bitcoin will also be a part of the changing world and it will play a very crucial role in advancement of AI and automobile sector.

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June 23, 2024, 08:23:22 AM
 #7

The best day to buy btc was year ago. Second best is today. We have small dip, still better than buying on highs

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June 23, 2024, 08:32:16 AM
 #8

I consider those who were opportuned to mine Bitcoin and also invested at the early days as the ones who took the best step
They probably were curious and wanted to try only but they did not have clear plans for what they did (mining or buying bitcoin) in early days. They were more easily to lose their bitcoin by don't make proper back ups for wallet recoveries later.

Quote
The people I feel sorry for are those who have the financial capacity to invest heavily in Bitcoin but still have doubt over it's potential
They can spend their money to invest in many things, not only in Bitcoin. If their investments bring profit, their wealth increases and it's good. The rich knows what they do and usually they do well with their investment. Warren Buffet, Berkshire Hathaway did not invest in Bitcoin but their wealth, net asset value did not stop its growth since 2009.

Regret is with people who did not use money to invest in anything that was profitable in latest years and only hold their money in banks. Their wealth loses by inflation recent years.

Bitcoin has very good ROI and you can see it there.
https://casebitcoin.com/
https://cryptorank.io/price/bitcoin
https://charts.bitbo.io/satoshi-per-dollar/

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June 23, 2024, 08:35:26 AM
 #9

it's not supposed to be debated cause we've all seen the success of the project from the first day of creation by Satoshi to this present day
Now I'm curious, do you hold Bitcoin since May 2017 till now? you registered on that time and you're believing in Bitcoin since the first day of creation, which mean there's no way you will not buy Bitcoin if you believe it in the first place.

I wonder how many of those who invested early on actually managed to hold long enough. I joined only around 2015, and even I remember a time when $600 per BTC felt like such a great price. Apart from selling, it was easy to lose coins due to scams, locking yourself out of your wallet, or accidentally making transfer mistakes.
But no matter when someone invested, surely it was hard not to sell at some point. In the grand scheme of things, I agree it's not too late to invest, but people should do what feels right to them.
Yeah, it was not that bad if someone sell their coins especially in 2017-2018 because it was the time where Bitcoin price rise so high and no one expect it. They not want to end up like Tulip Mania, they might think in 2018 it's over, but since Bitcoin can make new ATH in 2021 and 2024, it's no longer Tulip Mania.



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June 23, 2024, 08:41:02 AM
 #10

There are time to invest in bitcoin which is the bull season and there are time not to invest in bitcoin which is the bear season. The bull season has started since 2023 and not yet over. Investing in bitcoin right now would be good. But not all the time someone can invest in bitcoin. There are sometimes that you just need to wait until the massive bear season is over but we are not yet in that period of time.
Any investor that is planning on long-term hodli, the best time to buy is during the bear season because he will buy at a cheaper rate and when the bull season comes, the price of bitcoin would have increased 2x and above. It is traders that should buy bitcoin during the bull season for them to make little profit due to price fluctuation.

This is why newbies who just want to start their bitcoin journey should start right away if they are prepared and should not wait for any special time to buy, because time waits for no one. DCA approach is a good accumulating strategy in the sense that it helps you to grow your portfolio with little amount that you are using to DCA weekly overtime.

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June 23, 2024, 09:03:24 AM
 #11

There are time to invest in bitcoin which is the bull season and there are time not to invest in bitcoin which is the bear season. The bull season has started since 2023 and not yet over. Investing in bitcoin right now would be good. But not all the time someone can invest in bitcoin. There are sometimes that you just need to wait until the massive bear season is over but we are not yet in that period of time.
Some traders prefer trading in the bull season compared to the bear market because of bigger risk in bear market, but for investors I believe the bear season is the best time to buy Bitcoin and hodl.

OP, people have different opinions on the subject, it is possible to make profit in both the bull or the bear seasons so do your own research and decide for yourself which strategy works for you.

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June 23, 2024, 09:05:00 AM
 #12

it's not supposed to be debated cause we've all seen the success of the project from the first day of creation by Satoshi to this present day
Now I'm curious, do you hold Bitcoin since May 2017 till now? you registered on that time and you're believing in Bitcoin since the first day of creation, which mean there's no way you will not buy Bitcoin if you believe it in the first place.

If you look at Satoshi's vision today, Bitcoin is different. Bitcoin is not a means of transaction without a 3rd party but a means of investment and this is very far from Satoshi's vision.

Regarding Hold, I hold some and sell some to make ends meet. It seems like if one holds Bitcoin from the 2017 price then he will make a lot of profit. At that time I believed that Bitcoin was capable of providing profits. I even spent a little money to start investing. At this time I feel lucky because I got to know him earlier. If anyone is new and wants to start then don't hesitate. The value of bitcoin is not an obstacle, investment is taking advantage of circumstances and there is always an opening to make a profit.

R


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June 23, 2024, 09:14:56 AM
 #13

If you look at Satoshi's vision today, Bitcoin is different. Bitcoin is not a means of transaction without a 3rd party but a means of investment and this is very far from Satoshi's vision.
If you want to look at Satoshi's vision, you must look at the past, not the present because Satoshi Nakamoto left the forum and Bitcoin community many years ago.

The complete Satoshi.
I gathered every Satoshi Nakamoto thread.

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June 23, 2024, 09:34:23 AM
 #14

If you look at Satoshi's vision today, Bitcoin is different. Bitcoin is not a means of transaction without a 3rd party but a means of investment and this is very far from Satoshi's vision.
We have discussed this multiple times yet the question still lingers on “are we using Bitcoin the way Satoshi intended?” Well Satoshi’s intention for creating Bitcoin was well documented in the Bitcoin whitepaper and every other discussion Satoshi had on the Bitcoin forum.

With all due respect to Satoshi, I believe he has done his part and entrusted the rest to us. We can decide what Bitcoin should be - an asset, commodity, store of value or payment method. In my opinion, Bitcoin is whatever the Bitcoin community agrees it is.
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June 23, 2024, 09:40:09 AM
 #15

I do think it's not necessarily too late. Bitcoin has shown long-term growth potential, and many believe it still has room to grow. However, its price can be unpredictable. If you have a long-term perspective and can handle the risks, investing now could still be worthwhile. Just remember to only invest what you can afford to lose.

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June 23, 2024, 09:40:50 AM
 #16

The best day to buy btc was year ago. Second best is today. We have small dip, still better than buying on highs
It is not too late to invest in Bitcoin. But everyone will even invest in Bitcoin at the price that they deserve. Aside from the market conditions, Bitcoin is still one of the best and fastest performing assets. And there's no sign that it is going to slow down or be beaten off the tracks.

When I told a friend about this , he boasted that he'd rather buy altcoins instead and it sounded silly. I did the math with him and for him, he'd have to pick the right ones that are actually able to generate those 10x gains. And there are thousands of altcoins. It's very hard to pick. After it he saw that the best bet by far is the bitcoin-only strategy. And it's never too late to invest.

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June 23, 2024, 09:42:05 AM
 #17

Some traders prefer trading in the bull season compared to the bear market because of bigger risk in bear market, but for investors I believe the bear season is the best time to buy Bitcoin and hodl.
Bullish season more coins go up because it will be more utilized by traders, I see some friends where the price of coins goes up may be able to say now is in the early phase of bullish already a lot of profitable for those who trade, while bearish it's a good time accumulation all the time and I will do that when bearish comes.

OP, people have different opinions on the subject, it is possible to make profit in both the bull or the bear seasons so do your own research and decide for yourself which strategy works for you.
Yeh they have their own way to take advantage in bitcoin, I'm sure of them have their own way of organizing their buying and selling strategies, ... there are long-term and short-term. People choose hodl then it's a strong hand.

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June 23, 2024, 09:44:55 AM
 #18

don't get discouraged by the drop in price cause I believe you should've known by now what volatility means.
I really wish I was among the early investors of Bitcoin. Like at the time when Satoshi has launched Bitcoin till now those who really held are life time rich. I guess back then,the internet devices system in my country was very poor. Though there were advances but just little persons could afford such device that connected to the world wide web. Bitcoin has been a dream to so many even we the late investors are still enjoying from its benefits. It's never too late to invest in Bitcoin. Now is still the right time. Anyone who still have doubt about Bitcoin should think again how much he would have made as profit if he had a stach of Bitcoin in some hardware wallets a long time ago and coming back to meet that little stach turn to billions of dollars. Stop doubting and start investing.

R


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June 23, 2024, 10:44:51 AM
 #19

The best day to buy btc was year ago. Second best is today. We have small dip, still better than buying on highs
I believe the crypto market is open for every one of us to buy Bitcoin at any time we choose or please, based on when we have the spare money to risk in bitcoin or get to know about bitcoin as another type of investment we can make.

I guess, there will still be many in the crypto space who didn't invest in bitcoin last year, who don't have the money to buy the current dip, or who might buy at a high price because that's when they get to know about bitcoin as an investment tool, and they think of investing at that time as a newbie, thinking that bitcoin price will increase the more.

In all this, I think, we all enter the crypto market based on how knowledgeable and prepared we are financially


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June 23, 2024, 10:53:07 AM
 #20

~snip~
Nevertheless, if there's anyone who's willing to invest in Bitcoin but still have doubts, I put it to you that the best decision you'll make is to buy Bitcoin and Hodl, don't get discouraged by the drop in price cause I believe you should've known by now what volatility means.


I don't know why it occurs to people to open topics like this as if it will help someone to overcome their doubt - after all, this is a BTT forum where most people still own more or less BTC. Advising people what to do with their money is mostly a bad idea, and when it comes to BTC, it's not just about the price, but all other risks arising from such an investment should be taken into account.

Telling someone to buy BTC is easy, but if that's the only advice you're going to give someone, then maybe it's better not to say anything.

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