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Author Topic: Quit the doubt, it's not too late for Bitcoin investment.  (Read 525 times)
BitMaxz
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June 23, 2024, 10:36:47 PM
 #41

Those people who think you're late investing in Bitcoin are those who are afraid to lose money. Investing always has a risk but if you believe in Bitcoin and if you can control your emotions then profitability will only come every 4 years, people who know more about Bitcoin already know the cycle every 4 years it is proven to always reach the new ATH.
Newbies or people who do not have much knowledge about Bitcoin are people who will always lose in the end because fear will consume them and lead to selling all their holdings.

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muncuss
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June 23, 2024, 10:45:42 PM
 #42

I just read a thread about laszlo and here i read a thread about bitcoin as investment. the feeling is strange? Idk what the name. As btc originally planned to be an alternative currency for the masses and now we have people talking investment and greedy capitalist corps launching BTC ETF
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June 24, 2024, 04:44:19 AM
 #43

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,
There are many things that they take into consideration that give rise to fear of investing in Bitcoin, their level of knowledge does not fully understand Bitcoin and its fluctuating price makes them still hesitant to get involved in Bitcoin investment. You can spread positive information about Bitcoin to them such as the lateness of famous people in Bitcoin like Elon Musk or other rich people who make Bitcoin a very profitable investment for the future.

Interest in starting to invest in Bitcoin must begin with proof of the results they have obtained from the investment, they need confidence before actually changing their money into Bitcoin. The situation you are experiencing often occurs in real life, people who do not have large capital are very interested in owning Bitcoin, while people who have the financial capacity do not have the slightest interest in Bitcoin.

R


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Marvell1
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June 24, 2024, 08:53:43 AM
 #44

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,
There are many things that they take into consideration that give rise to fear of investing in Bitcoin, their level of knowledge does not fully understand Bitcoin and its fluctuating price makes them still hesitant to get involved in Bitcoin investment. You can spread positive information about Bitcoin to them such as the lateness of famous people in Bitcoin like Elon Musk or other rich people who make Bitcoin a very profitable investment for the future.

Interest in starting to invest in Bitcoin must begin with proof of the results they have obtained from the investment, they need confidence before actually changing their money into Bitcoin. The situation you are experiencing often occurs in real life, people who do not have large capital are very interested in owning Bitcoin, while people who have the financial capacity do not have the slightest interest in Bitcoin.


My point is that if they already don't believe in bitcoin and haven't taken the time to learn about it, there's no reason we should spend time teaching them about bitcoin. Because if they really want, they can find all the information on the internet, including that Elon likes bitcoin like you said.
In my opinion, we should only focus on ourselves and how to make our investments bring the best returns. Furthermore, your success can be the most practical evidence for them to change their opinion about bitcoin instead of wasting time presenting unconvincing evidence on the internet.

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June 24, 2024, 09:11:13 AM
Last edit: June 24, 2024, 10:32:57 AM by MeGold666
 #45

Those people who think you're late investing in Bitcoin are those who are afraid to lose money.

Maybe it's not too late, but it is very late.  Cheesy

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.

If you are so sure why not create a company that invests peoples money ? you can give them your guarantee of assurance on paper and if something goes bad, you'll get sued but nothing like this will happen because... you believe in it.

Believers like this are very dangerous.. Bitcoin could as well go to 20k and have security issues because profitability for miners would be too low and from there it could just drop dead like so many other projects.
You will say it's not possible because it's Bitcoin, I say it's possible because I don't put any love into any investment I make and can see clearly with my eyes.

Even the biggest ship can sink as history has taught as.

Let's be clear here about your true motive, you are posting not because you want other people to be successful, you just hope to pump your bags more and to someone cheer you up because you are scared it may go down.

Do not advertise gambling, it's a cancer.
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June 24, 2024, 09:25:40 AM
 #46

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.
I guess your intention is to give the opposite of what you stated here and it's supposed to be that "the time to invest in Bitcoin is during the bearish seasons while the time not to invest in Bitcoin is during the bullish seasons" but even with that, it's not entirely true. You can decide to invest in Bitcoin either in the bearish or bullish season and you wouldn't be making any bad decision. Bears and bull are relative term used to explain Bitcoin price when you're joining the Bitcoin market and wether or not you're willing to stay past that phase determine if buying during the bull is reasonable or not. Attempting to overly wait for the bear season before buying would most likely put you in a position of having to delay too much before you're in a comfortable price that's good enough to start buying.

With regards to the need to continue buying Bitcoin even at this stage of bitcoins existence, we have a popular saying in our local pigin English which goes thus, "Na when you wake up na him day break for you. which means that it's the time you wake up that's your own morning. If you wake up by 12, there is no point complaining that you woke up too late, just pick yourself up and start the days activity. Same is what's the case with coming into the Bitcoin sphare at a particular time. If you joined Bitcoin when it was $500, that's good for you and if you where able to buy much of it at the time and HODL it till now, it's even better but that's not to say that those coming to know about Bitcoin at this time can't also buy at this price. Remember that owning Bitcoin is far above HODling it for profit maximization scheme. It's an asset that can save you from global ups and down that's happening with the use of the fiat and so even if after you've bought your Bitcoin at it curent price you don't see the kind of profit earlier Bitcoin holders got, it's never an indication that you've made a wrong decision and if you're able to DCA for a good number of years, you will find out that you've built wealth that's huge overtime.

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June 24, 2024, 09:26:01 AM
 #47

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.

Thank you . I gave the wrong sign, I mean the current vision and Sathosi in the past are very different. I looked at it based on the whitepaper. The vision written It is very far from the word crypto investment today.

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.

It's absolutely right, I think it's the community that will take where Bitcoin goes. In fact, I also benefit from the current conditions. I'm just trying to compare what Sathosi wrote. So today Bitcoin is not only in line with Satoshi's vision but there are other advantages formed by the growing community in the crypto industry.

R


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MeGold666
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June 24, 2024, 09:33:54 AM
 #48

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.

Thank you . I gave the wrong sign, I mean the current vision and Sathosi in the past are very different. I looked at it based on the whitepaper. The vision written It is very far from the word crypto investment today.

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.

It's absolutely right, I think it's the community that will take where Bitcoin goes. In fact, I also benefit from the current conditions. I'm just trying to compare what Sathosi wrote. So today Bitcoin is not only in line with Satoshi's vision but there are other advantages formed by the growing community in the crypto industry.

Bitcoin is digital cash, nothing more and nothing less. Anything else is just excuse to not face the competition and to encourage the "hodl" so the "number goes up" continue and ironically it will do just the opposite because of that.

Bitcoin: A Peer-to-Peer Electronic Cash System -Satoshi Nakamoto

Do not advertise gambling, it's a cancer.
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June 24, 2024, 09:54:00 AM
 #49

People will invest in Bitcoin when they feel it is right. You cannot force someone to buy it because you see it's potential, they have to see it too.

There are people who are scared of the price changes, government crackdown and lack of merchants accepting bitcoin, so they are hesitant and in front of them the prices are rising.

It's never too late to start a new investment just wait for the proper price

R


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June 24, 2024, 10:18:41 AM
 #50

when will bitcoin pump again?
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June 24, 2024, 10:23:05 AM
 #51

when will bitcoin pump again?

Tomorrow at high noon.

This are the people who call themself "Investors"  Cheesy

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June 24, 2024, 10:30:02 AM
 #52

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.

Maybe there is some sense when you wrote it this way, but I would never "push" people towards anything that entails risk. I was once in a situation where I was "guilty" of giving advice to an acquaintance to invest in BTC, and when he lost that same BTC (it was hacked), I paid for that loss because the situation happened "if you hadn't advised me that, I wouldn't lose money".

That's why I'm always careful about things like this, because this is a forum where we discuss various aspects of BTC and cryptocurrencies in general, but in my opinion, we shouldn't directly influence the financial decisions of those who read this forum.

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June 24, 2024, 11:43:36 AM
 #53

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.
Thing is, once I was also one of those who were too poor to really put any meaningful amount of money into bitcoin, it was just that shit aligned right for me and I was patient and smart enough not to deal with instant gratification that I was able to be where I am at right now, and even then I had to lose it all just to regain it back eventually.

To many people, investing's hardest step is making that first leap of faith and actually jumping into the world, some of them are too afraid of not being able to take profit that it outweighs their desire to earn more, and while I don't really blame them cause hey, our risk capacities aren't the same and some people just couldn't bear to lose it all and still be able to eat tomorrow, there are ways for you to be able to have a stake at something, especially crypto, without even putting money on the line. What worked for me was bitcointalk, what could work for you is something else. It's all a matter of self-discovery in a sense.

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June 24, 2024, 12:40:51 PM
 #54

People will invest in Bitcoin when they feel it is right. You cannot force someone to buy it because you see it's potential, they have to see it too.
Bitcoin does not force anyone to use it, invest money in bitcoin. They are free to decide trading or investment or using bitcoin as a middle mean for money transfer, just don't touch central bank or commercial bank. Bitcoin blockchain is a public ledger with a decentralized network to confirm transactions for everyone.

Thank you . I gave the wrong sign, I mean the current vision and Sathosi in the past are very different. I looked at it based on the whitepaper. The vision written It is very far from the word crypto investment today.
We have many options to use Bitcoin blockchain and bitcoin. It can be a mean of money transfer, storage of wealth, trading, investment. You can choose one of these options to use or some of them, there is no restriction on what use case of bitcoin you can use.

You only need to check and be careful that whether Bitcoin is illegal, prohibited in your country. If it is allowed, you have freedom to use bitcoin but if not, you only need to pay more attention on privacy when using your bitcoin.

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June 24, 2024, 03:51:05 PM
 #55

There's no better time than now, bitcoin has dipped so well that anybody that was avoiding to buy at a higher price just got very lucky to invest now.

I've taken advantage of this bear trend and increased my portfolio because delay is dangerous. I advise others to do the same because good prices like this don't last. If you've the funds to invest, the time is now!!.

Doubt's are part of humanity, but bitcoin's history and track record is enough to convince anyone of its potentials. So cut the doubt and Invest!!.

R


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June 24, 2024, 04:29:17 PM
Last edit: June 24, 2024, 04:45:56 PM by MeGold666
 #56

There's no better time than now
...
So cut the doubt and Invest!!.

If you look at charts and believe in patterns, there's no worse time to buy than today.  Cheesy

I am pretty sure it will drop to 40k USD, the momentum is huge.
After that, my bet is it will stagnate for another few years until another halving and get another short-term pump to 90k after which we might see 60k USD as average price.
If you're not in for long-term, this is your last time to sell before it hits 40th floor, and if you're a gambler then you know what to do - sell now, buy back at cheaper price  Wink


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June 24, 2024, 05:22:55 PM
 #57

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.
This price drop should be an opportunity for anyone willing to invest and hold Bitcoin for long, it is another opportunity to buy at low price because Bitcoin attain an all time high of  above $73k this year, and we are expecting bull run anytime soon and Bitcoin might definitely attain another ATH; but all these should not be the main factors to be considered, we all need to consider the potential in Bitcoin if we check how it start and how far it has gone so far and how people are adopting it daily, for security reasons, don’t doubt Bitcoin investment because it will help us solve inflation problem since it’s maintain its value and also gives us profit when we hold for long.

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June 24, 2024, 10:59:02 PM
 #58

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.
This price drop should be an opportunity for anyone willing to invest and hold Bitcoin for long, it is another opportunity to buy at low price because Bitcoin attain an all time high of  above $73k this year, and we are expecting bull run anytime soon and Bitcoin might definitely attain another ATH; but all these should not be the main factors to be considered, we all need to consider the potential in Bitcoin if we check how it start and how far it has gone so far and how people are adopting it daily, for security reasons, don’t doubt Bitcoin investment because it will help us solve inflation problem since it’s maintain its value and also gives us profit when we hold for long.
True, but I think it will takes years again before bitcoin could attain new ATH like what happened this year, because this year is where halving event will happen bullish also take place because many investors after bitcoins significant drop nearly reaching below $40k, people take this opportunity and invest on it including me, and thanks to that I manage to hold my bitcoin until it reaches its new ATH and that proves that dip or drop in bitcoin price should shine an opportunity for others it should not be a subject of fear, if you're calm and know about bitcoin then you can efficiently invest and earn innit, you just need to believe in bitcoin. For over the years bitcoin has given many opportunity and doesnt disappoint those who believes in it. So it is never too late to invest in bitcoin, you can still invesy with DCA method, slowly but surely and of course we recommend to go long term to maximize the potential profit.

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June 25, 2024, 07:29:29 AM
 #59

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.

For someone who fully wants to invest in Bitcoin, I believe the bear season is the best. You get the most out of Bitcoin when you invest in it for a long term, like 3-5 years. During the bear season, the price of bitcoin dips and that's the best time to buy bitcoin. You can get it at a cheaper price and stand a chance to get much more profit.
Imagine you buy bitcoin when the price dipped and was at around $23k and now at $62, you've made a lot of profit and if you leave it for much longer, bitcoin might get to an even higher price which means more profit for you.
Someone who bought Bitcoin when the price was $60k will definitely make a profit, but not as much as someone who bought it when the price was much lower.

I see a price dip in Bitcoin for us to buy Bitcoin. I see it as an opportunity to buy at a lower price because it's almost a certainty that the price will rise back up with time.

R


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June 25, 2024, 09:21:38 AM
 #60

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.
Don't feel sorry for anybody, Bitcoin investment is not by force, and those who you think have the money but did not invest in Bitcoin may have alternatives or other good reasons for that. Some will even have the belief that it may rise and still not invest in it for the reason best known to them so we should respect individuals' opinions, we will never think the same way. But for those who truly regret it, they've missed a very good opportunity, nevertheless, they should calm down, otherwise, they will make a grave mistake to the extent that they will rebuke the day they hear about Bitcoin.

Bitcoin is an asset, a good one for that matter and has blessed enough people cheaply, but in the conclusion of all my studies about it in current reality, that time has gone, the truth about Bitcoin is what we see now. Advising people in your way may cause mistakes for them if care is not taken, we cannot compare Bitcoin at $50, with Bitcoin at $65,000, there will always be reduced liquidity over time, which is normal. What Bitcoin needs to carry on with its bullish journey is not a few $Bs, it will take longer years to achieve it but do you think those who do not understand it very well will not be discouraged?

Imagine those who read your kind of advice when it hit $73,850 in March due to FOMO, what will be their reaction now? It could get worse as well, so new investors should be careful. The best I know they can do is to know how to invest very well, they can use the opportunity to invest in it when they detect a bullish trend that will last for days or weeks and divest when they detect a bearish trend as we currently see. Anything outside this could cause issues for the faint in the heart as Bitcoin is already expensive whether you like it or not.

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