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Author Topic: Quit the doubt, it's not too late for Bitcoin investment.  (Read 479 times)
mirakal
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June 23, 2024, 11:32:27 AM
 #21

  ...
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.
It was a good decision but not have the urge to do it. Just invest in bitcoin when ready, it means that you have the right knowledge, not because someone says it. Bitcoin is profitable but we never erase it in our mind that bitcoin investment is risky and should be taken wisely. Therefore, we ask ourselves if we are ready to take responsibility for our investment and are patient enough to wait for the right time to sell.

Buy, Hold, and Sell --that seems too easy to think but is not that easy in the actual. Sometimes we think we are late for this but I say NO, let us just say that we are not ready yet. Perhaps, there's still tomorrow and still a lot of bitcoin to buy so we don't need to worry about it.

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June 23, 2024, 11:38:00 AM
 #22

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.
Mr Lucius, I hope you know that in the Bitcoin talk forum there are several other topics discussed and you don't expect me to mention everything in one topic, not everyone is partaking in the campaigns to Bitcoin in large or less quantity, i believe some where convinced by friends to join and get knowledge about Bitcoin but could still have doubts of investing. And there are other members that would also create awareness to them concerning what you mentioned, advising Newbies or those that still have doubts towards investing in Bitcoin is not a bad idea. Moreover I might convince people on investing and they'll also be able to learn about the risks factors involving it from other people's topics, in a school, you don't learn everything from one professor or teacher there's division of labour in teaching.

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June 23, 2024, 12:44:26 PM
 #23

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.
From my little experience, there is nothing wrong is selling but it is important to replenish your wallet when the price goes down. So the people who lost out of the benefit of Bitcoin are those who sold and didn't re-buy during the bear market. Bitcoin still has great potentials, so it is still okay to buy and hodl because the the price will appreciate in the future.

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.
Those early Bitcoiners who kept their coins to date are superhumans. I might sound somehow but this is just how I see them. It is not easy to keep a worthless coin and if the price went high, they were not tempted to sell them. I don't if I had kept my coins to date, I would have sold them a long time ago.

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June 23, 2024, 01:02:56 PM
 #24

Those who still have doubts in Bitcoin don't wants to learn more about Bitcoin so they don't wants to start investing in Bitcoin. That will be no problem because investing in Bitcoin or not is a choice for every people. If they wants to learn to know more about Bitcoin, they will start to invest in Bitcoin.

We can't force them to follow other people's journey in investing in Bitcoin. Every people should have their consideration to invest in Bitcoin or choose the other investment. We can only suggest them to invests in Bitcoin and lets them decides it later.

But if they wants to invest in Bitcoin now, they are not too late as the price is at a low price. They can allocating their funds to invest and hold the Bitcoin until they see their profit and takes the profit. But they must learn for more to make sure themselves that investing in Bitcoin is their choice.



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June 23, 2024, 01:44:56 PM
 #25

Yeah obviously everyone has their own way of thinking about things, and you can't expect everyone to act or behave in the same way about the same things because that's not how human nature works, different humans come with different natures and with different natures, they would have different ways of thinking and behaving towards things. Those of us who believe in Bitcoin and know or understand that it has great potential for the future but those who don't believe much in it wouldn't think the same way.

A lot of people wouldn't think of Bitcoin the way we do either because they are new and have less knowledge about it or they are generally too careful when it comes to making investments. You can often find people who wouldn't feel very easy parting from their money even if their money is going for a good cause that good benefit them in the future.

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June 23, 2024, 02:31:57 PM
 #26

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 don’t feel sorry for anyone. You don’t expect everyone to invest in bitcoin, they might have their own personal reasons why they are not interested in bitcoin. There are other investments, and that doesn’t mean they won’t be making good profits from other investments they make. If I can just introduce anyone to bitcoin investment and they are not interested, I don’t even stress myself, it’s their money, and they can choose to do whatever they want with the money.

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.
There are still lots of people that doubt bitcoin, and bitcoin hitting an all time high doesn’t mean they will trust it. Some people have been scammed with bitcoin before, and they just lose interest in it. Some people have heard lots of negative things about bitcoin, which makes them lose interest, so even if bitcoin hits ATH, it doesn’t change anything.


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June 23, 2024, 02:46:52 PM
 #27

Starting Bitcoin investment today is not late, I believe that in the next 10 years, people who are still skeptical about investing in it now will look back at this time and wish that they did. I also believe that we're better informed and confident about the potentials of Bitcoin as an investment asset more than the early investors because we can assume that they were risking their funds, not knowing whether Bitcoin was a scam that will not last. Bitcoin is the best investment that anybody can go into because you don't have to start big, doing DCA method by buying in Satoshi, any low income earner can start and grow their capital + ROI.

R


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June 23, 2024, 03:10:45 PM
 #28

There is never a time that is too late to invest in Bitcoin. The only advice I usually give to people is to make sure they understand how the crypto market works before going ahead to invest. Most people don't have clear picture of  what lies ahead and end up making decisions the will regret later. So it's to learn first, then you will know to utilise the opportunities in the crypto market.
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June 23, 2024, 03:11:47 PM
 #29

First of all, we just have to be honest with ourselves and whosoever will be seeking for investment advice from us. With the current price of bitcoin, anyone seeking to invest in bitcoin for a short term may not be making the right decision. No time is too late to invest in bitcoin, but what will determine if your investment will be profitable is how long you are willing to wait for your investment to yield good returns. Failure to take this into consideration will put you in a situation where you begin to regret why you invested in the first place.

Not everyone will invest in bitcoin, anyone not willing to take risks should not be pressured into investing in bitcoin. If they wanted to invest, they would have taken that decision a long time ago. Why should anyone feel sorry for those who ain't feeling emotional about their refusal to invest in bitcoin? bitcoin investment is not for the faint hearted, those who are ready for it are already glad they invested.

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June 23, 2024, 03:26:20 PM
 #30

Op, I love those words you used " is never too late to invest"" I want intending investors to understand that everyone can not invest at the same time because some people were not financially buoyant in the early stage to investment no how  the amount then but the opportunity is still here, although it is not by force rather it by interest, premature decision taken by the early investors has been regretted by them because of their lack foresight, i envourage every potential investor to take the bold step now, bitcoin price does not anounce its movement, pushups are bound to happen anytime unannounced, so why waiting and panicking, i think a good research will convince a potential investor on the need to invest in Bitcoin, what matters in anything we are doing is determination, once an individual is determined, making a fortune wouldn't be much difficult, Bitcoin has come to stay, we shouldn't be discouraged with fluntiations and volatility because Bitcoin may not be in existence without those factors, no doubt the price is not promising at this moment but that's Bitcoin in reality and every Bitcoiner understand this, that's why Bitcoin is called a longterm investment, your expectations shouldn't be centered on short term goals so that you wont be disappointed.

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June 23, 2024, 03:31:50 PM
 #31

Bitcoin is only meant for those who believe in it and not those who are still finding it difficult to invest in it and besides everyone must not be a investor, for long now anyone who have been around crypto space should have known about the development and how hard Satoshi has tried to make it stands by remaining anonymous without any trace till date. This made bitcoin remain unique and strong even several authority has fight against it but it wasn't entirely being controlled by them.

Again I will also like to draw your attention that not everyone are easily convinced over everything especially pulling out their personal funds to put where they don't know about makes it so hard for them therefore, they would like to study carefully what they are putting their money into. I can still flashed back then when a known rich people who knows about wealth calls it scam and all manner of names I wouldn't be surprised that those people are the major holders and yet you wouldn't know their percentage and they invested in secretly in bitcoin and come publicly to deceive those who don't know what they are doing.



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June 23, 2024, 03:36:48 PM
 #32

People are just scared to invest. They would be saying price is too high but won't still invest whenever there's a dip. They'd hesitate regardless of the market price simply because they are lacking the knowledge and initiative to act in accordance with what they are saying. Technically, it will never be too late to invest in Bitcoin given that its market value is dependent with demand, therefore, skies the limit for its potential peak market value. Let them find their own phase and I won't suggest encouraging them to do so. It will just be a spoonfeeding on their end and they won't be knowing what they are engaging themselves with.
There is never a time that is too late to invest in Bitcoin. The only advice I usually give to people is to make sure they understand how the crypto market works before going ahead to invest. Most people don't have clear picture of  what lies ahead and end up making decisions the will regret later. So it's to learn first, then you will know to utilise the opportunities in the crypto market.

Indeed, first and the hardest step is to fill your knowledge first. Investing because you are carried away by hype won't be a good practice because you won't be prepared of the actual market behavior in this industry.

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June 23, 2024, 04:39:39 PM
 #33

I know that bitcoin has come and it is not going back again and anyone who is interested to invest just wait for the right spot to hit then use DCA to continue the investment. Bitcoin has no limitations and it is borderless transaction and one can buy from exchange p2p or normal p2p.
Op this thread was not needed because this kind have been created time without number.

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June 23, 2024, 04:39:52 PM
 #34

Yeah obviously everyone has their own way of thinking about things, and you can't expect everyone to act or behave in the same way about the same things because that's not how human nature works, different humans come with different natures and with different natures, they would have different ways of thinking and behaving towards things. Those of us who believe in Bitcoin and know or understand that it has great potential for the future but those who don't believe much in it wouldn't think the same way.

A lot of people wouldn't think of Bitcoin the way we do either because they are new and have less knowledge about it or they are generally too careful when it comes to making investments. You can often find people who wouldn't feel very easy parting from their money even if their money is going for a good cause that good benefit them in the future.
Yes, we can't force anyone to do anything and when it comes to money, it can be even more difficult. We can't convince anyone to put their precious money somewhere. Invest and that too in trading where there is so much volatility that one may have to wait for a long time to profit or withdraw one's money.

Nowadays, people love their money more than human beings and they don't want to spend their money in a place where they have to wait for a long time or their money goes down first and then later gains profit. Their minds are never ready for it, even if they are told millions of times that they will benefit in the future, but it is said that who has seen the future, I have seen people who have good money for years, and for years their money remains in banks, they do not invest anywhere for fear of losing it.

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June 23, 2024, 04:58:14 PM
 #35

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.
It is not everyone that will invest in bitcoin and it is not a must for some that has money to invest in bitcoin. Bitcoin investment is an investment people will willing choose to invest. When I see people who have the resources I think it is not the time for them to invest because they haven't gotten the knowledge yet. Investing bitcoin is not about the money you have , if the interest and the knowledge is not there it will be impossible to invest in it. Investing is all about interest and knowledge that is why you can't blame people who are not Investing,  let them get them get the interest and invest willingly.

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June 23, 2024, 04:59:54 PM
 #36

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.

Isn't it best to invest in Bitcoin when it price is low which is available during bear season?  So to get more profit, a person should put more money into Bitcoin when it is in bear market to ,maximize profit.  Though I agree that whether Bitcoin is in a bear market or bull market, as long as its 4-year cycle keeps on repeating on breaking and recording new ATH, the time when to invest is not a question and like what @OP stated, it should be done now.

Yes, we can't force anyone to do anything and when it comes to money, it can be even more difficult. We can't convince anyone to put their precious money somewhere. Invest and that too in trading where there is so much volatility that one may have to wait for a long time to profit or withdraw one's money.

Why do we have to be concerned about someone's stash? And how they do their investment?  Why not just focus on our own investment and just let others do what they wanted.  After all, there is no benefit for us if those people profited from their venture.  It is ok to disseminate information and let them know the beauty of venturing into Bitcoin investment and its risk.  Whether they will hop into Bitcoin investment or not should be not our concern. It is their money anyway, and they have all the right to where they want to spend it.

I know that bitcoin has come and it is not going back again and anyone who is interested to invest just wait for the right spot to hit then use DCA to continue the investment. Bitcoin has no limitations and it is borderless transaction and one can buy from exchange p2p or normal p2p.
Op this thread was not needed because this kind have been created time without number.

I highly agree that Bitcoin has no limitations only hurdles and once these hurdles are overcomed those who believe in Bitcoin will have a huge benefit.




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June 23, 2024, 05:31:15 PM
 #37

You are right, we are never too late to invest in BTC. Those who wish to make 100x are also not late, but I will say the chances are lesser than before. The point is you can't make that much profit in less that many people made when they bought it at the rate of $100 per BTC. But it does not mean, opportunity to make profit is gone. I also had this thought back in 2021 but with time I came to know more as not provelms if I can't make that much profit right now but at least I will be making profit.

So I started to do DCA and now I am sitting more than 2x. I know people are making 800x to 1000x by investing in memes but that is too risky and unblieveable as well. So BTC is safer and best choice to make profit while you want to hold your savings. We just have to make our mind, like how much profit we are expecting in how much time, and what factors will force us to withdraw our BTC investd funds, then try to overcome those factors or sources by other meanings. So your investments stays there for longer period of time.

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June 23, 2024, 08:20:22 PM
 #38

Investing in Bitcoin is a choice and not a must for everyone. People that are still doubting Bitcoin are either haters (anti Bitcoiners) , those that have no adequate knowledge of Bitcoin or those people who have misconception about Bitcoin. The truth is that some people will regret in the future why they did not invest in Bitcoin like some people are already regretting why they didn't know or invest in Bitcoin at the early time it was newly developed.

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June 23, 2024, 08:34:00 PM
 #39

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.
If a person has doubts about a potential investment, it is best for them to remain away from it until they are fully convinced about it, and we see people like this on the forum all the time, people that invest in bitcoin simply because of its potential but that do not really understand it, so as soon as the market makes a movement they were not expecting or we see a government tightening its regulations, they get scared and sell their coins, thinking that this is the right move for them to take at the time.



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June 23, 2024, 09:42:25 PM
 #40

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 won't feel bad about them.
They're just assuring that they won't invest into something they don't know. Yes, they are capable and if we're in their shoes, we'd invest.
But the reality is that it is not our money and even they're capable, they're giving importance to their money and they are not willing to invest.


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