Who says it's too late to buy Bitcoin?

[betswift]

^ Sticking to the plan is always the right way.
Even if it may be wrong in the end, it should be followed to then be analyzed, what went wrong, why, etc.
And what would be considered.. over accumulated?

[EclipseXcrypto]

I would not buy bitcoin now, because bitcoin is too high in my opinion.

If you already accumulated enough bitcoin (or more than enough), then you are in a position to wait. 

If you have not accumulated enough bitcoin or more than enough bitcoin, then you might need to consider continuing to accumulate.  Of course, since you have been registered on the forum since 2017, you may well be in a position in which you have accumulated enough or more than enough bitcoin. . That is surely for you to figure out.

Exactly, I think he has already accumulated a lot of bitcoin earlier before now maybe he wouldn't want to take the risk to invest in bitcoin now that the price is expensive.

How do you know that Cryptmuster is even close to accumulating enough or more than enough bitcoin?  So frequently guys get into a trading kind of mentality, and they start to believe that they need to slow down in their BTC accumulation because the BTC price might correct, so even if they don't devolve into selling, they come to bitcoin with a faulty mindset that lacks in aggressiveness, so they likely had failed/refused to adequately/sufficiently prepare for UPpity in the past nearly 8 years, so they continue to make the same mistakes by overly focusing on the BTC price rather than focusing on whether they have enough or not.

Sure it is possible that Cryptmuster has accumulated enough or more than enough, but based on the way that he posted, I have my doubts. He seems to be waiting for the BTC price to dip, which may or may not end up happening, and really he should not even need the BTC price to dip... but hey, whatever, we cannot go back in time. We have to go from today and right now.  You buying or not? or do you think waiting is a good BTC investing strategy?

It might be that he hasn't even accumulated enough bitcoin probably just waiting for a dip before investing.

I dont know about Cryptmuster accumulating status or level, but the way he said it that bitcoin price is too high might mislead those that requires consistency. Because for one to be consistent you dont need to give a fuck about the price, all you do is steady accumulation regardless of market price. As a consistent investor, you just keep buying regardless of the price it's all about that long-term strategy, Whether it's going up or down you stick to your plan and keep accumulating.

What seems too high at one moment can totally look like a great opportunity later on. Last year, many people thought the price was too high at $60k - $70k and were waiting for a dip, but instead, it just kept climbing. It shows how unpredictable the market can be. Right now, So its better to be in the market at all given time because there's a strategy that gives us the leverage to purchase Bitcoin regardless of price.

[betswift]

I dont know about Cryptmuster accumulating status or level, but the way he said it that bitcoin price is too high might mislead those that requires consistency. Because for one to be consistent you dont need to give a fuck about the price, all you do is steady accumulation regardless of market price. As a consistent investor, you just keep buying regardless of the price it's all about that long-term strategy, Whether it's going up or down you stick to your plan and keep accumulating.

What seems too high at one moment can totally look like a great opportunity later on. Last year, many people thought the price was too high at $60k - $70k and were waiting for a dip, but instead, it just kept climbing. It shows how unpredictable the market can be. Right now, So its better to be in the market at all given time because there's a strategy that gives us the leverage to purchase Bitcoin regardless of price.

Everybody has their own plan and vision.
Though, honestly speaking - no price is bad when talking about BTC.
Some are waiting for the dips, and some - buy nonetheless, the results would differ slightly, but they would still end up in good PNL once enough time would pass.

[avp2306]

I dont know about Cryptmuster accumulating status or level, but the way he said it that bitcoin price is too high might mislead those that requires consistency. Because for one to be consistent you dont need to give a fuck about the price, all you do is steady accumulation regardless of market price. As a consistent investor, you just keep buying regardless of the price it's all about that long-term strategy, Whether it's going up or down you stick to your plan and keep accumulating.

What seems too high at one moment can totally look like a great opportunity later on. Last year, many people thought the price was too high at $60k - $70k and were waiting for a dip, but instead, it just kept climbing. It shows how unpredictable the market can be. Right now, So its better to be in the market at all given time because there's a strategy that gives us the leverage to purchase Bitcoin regardless of price.

Everybody has their own plan and vision.
Though, honestly speaking - no price is bad when talking about BTC.
Some are waiting for the dips, and some - buy nonetheless, the results would differ slightly, but they would still end up in good PNL once enough time would pass.

But why taking delays if you are ready to invest on Bitcoin? Waiting for dips is useless if you get scared to accumulate when the price drops bad. Maybe better to buy whatever price Bitcoin reached since this would test the level of your patience since you will be more discipline to follow up your plans rather than waiting for those unpredictable situation.

Results provably may came out different and if you have this buying at dip is always better mentality for sure that you will sell early your Bitcoin if certain bad situation or small growth will occur. people need consistency so act now is better decision to do when it comes on Bitcoin accumulating and also there's no late when it comes investing on this coin.

[JayJuanGee]

If you already accumulated enough bitcoin (or more than enough), then you are in a position to wait. 

If you have not accumulated enough bitcoin or more than enough bitcoin, then you might need to consider continuing to accumulate.  Of course, since you have been registered on the forum since 2017, you may well be in a position in which you have accumulated enough or more than enough bitcoin. . That is surely for you to figure out.

Yes, you are right, I have accumulated a pretty good position for a much lower price

You may end up getting tricked by your own sense of what is considered to be a low price, rather than staying focused on the more important thing which is continuing to accumulate bitcoin persistently, ongoingly consistently and perhaps aggressively until you reach more than enough.  Of course, no one can answer the question of "what is more than enough" except for you, so you could end up coming to the wrong conclusion... but sure, at least, if you have already accumulated a decent amount of bitcoin, then it might not be a big deal to wait.. but it still does not mean that you are going to end up arriving at the correct conclusion.

and now I am just waiting because I do not want to buy such an expensive bitcoin.

That is difficult to know too.  Back in 2016 and into early 2017, bitcoin seemed to be pretty expensive at $1k too... so we surely can get mislead by our perceptions of expensive. 

I do not want to say that I am right, or that my strategy is the best, but I decided for myself that this is the best in my situation. I admit that bitcoin may not rise much above 150k in this cycle, but here I can also be wrong, this is just my plan that I am sticking to. In the next cycles we can see more expensive bitcoin, but for this we need to understand that this is another 5+ years of hold, who is ready for this, who has enough patience, can buy now, this should not be a mistake.

I am not saying that I really know either.. but if BTC ends up going 2x to 20x higher, then you might realize that it would have had been better to stay focused on continuing to accumulate BTC.

Even with myself, I had accumulated quite a bit in 2014 and I had tentatively concluded that I had enough BTC, but I could not resist continuing to accumulate into 2015, 2016 and early 2017, so even when I look back at my earlier assessments, I can see various faults that I had in my thinking, but most of my faults related to ways that I might have had been able to continue to  accumulate.. and so it can be hard to really know while we are going through something if we might be striking a correct kind of a balance, and it seem to me that your  balance is that you are afraid of using your fiat at these prices and then feeling like a sucker if the BTC price ends up going down and you don't have any money left.

I can sympathize with having money prepared to buy for more down, just in case, yet we also likely need to continue to consider whether we are sufficiently and/or adequately prepared for up, and surely in my own presumptions (both historically and even currently), I never presumed that the BTC price would go down, yet I never wanted to run out of money if the BTC price went down, so I would tend to have money preserved for certain buy points if the BTC price were to go down without presuming that it would go down.. since if you are a HODLer, then it should end up that you are better off for the BTC price to go up rather than down, so in that sense maybe the split should be 90/10 in favor of up or something like that.. but hey whatever, you can think and/or prepare how you like, and even though some folks think down before up and/or presume that they should be able to buy at around these same prices at a later date, we also have periods of time that bitcoin goes on a considerable punishing rip (punishing of the no coiners/low coiners), and so even if we end up getting a dip, the dip is not anywhere even close to what the fence sitters could have had bought earlier.. so there is some value to have preparation for fairly extreme scenarios to the upside, even if you are considering them to be fairly low likelihood to happen.. ..and yeah, no one can figure out your own personal balances outside of yourself... even though in experience I have witnessed over and over and over guys who are way underprepared for up, even though they are proclaiming to be sufficiently and/or adequately prepared for up, they are overly prepared for down and under prepared for up.. and hey,, that is how it goes..

Many of us are likely feeling lucky that we are in a place to recognize and/or appreciate that we have one of the best, if not the best (most pristine of assets ever known to man), and we can also witness that a decent number of nomies still want to fuck around with the risk of being way under prepared for up.. and yeah, of course, you can do what you like, since however well that you do or don't do is all relative, including that a guy with some coin is going to be better off than the no coiner.  A whimpy and consistent bitcoin buyer is likely going to be better off than the low coiner fence sitter, and the aggressive buyer is likely going to be better off than the whimpy buyer... and so yeah, of course, there are no guarantees in this whole process, yet any of us studying bitcoin should be amazed at level of luck that we have in regards to the ongoing direction of bitcoin including the level of adoption and the fact that various rich folks, governments, institution, etc are coming to bitcoin way after we got started, and they are largely here to pump our bags whether they want to or not.. they are advertising for us and pumping away since many of them are also realizing that there are not enough coins to go around, even if they fuck around trying to make paper bitcoin and engage in various fractional reserve shenanigans, there still are not enough bitcoin and many of them are going to get into a pickle if they are engaged in practices to make it seem that they have more bitcoin than they actually have and so they are realizing that they need actual bitcoin and there is ONLY so much that they are able to do to fake the bitcoin holdings that they have. 

If we account for some of the actual reality rather than presuming (and assuming) that bitcoin is some  kind of a mature asset with ups and downs and blah blah blah not understanding what the fuck is bitcoin, then it seems that part of being a bitcoiner who actually has some appreciation of what is bitcoin is being focused on accumulation in the earlier years of investment (and while learning about bitcoin), whether it takes one, two or three cycles to get to a status of overaccumulation. 

Sure, you have already been in bitcoin for nearly 8 years, so of course, it is possible that you have already gone through a sufficient and/or adequate period of consistent, persistent and/or ongoing BTC accumulation.. perhaps you did already go through that and perhaps you did not, and that is up to you to figure out if your level of aggressiveness in regards to your earlier BTC accumulation was good enough or if you largely had been overly whimpy in your prior BTC accumulation and perhaps even in questioning if your current wait is justified given your already disclosure that you have not quite gotten to a status of either enough BTC or more than enough BTC. 

In other words, you seem to have had admitted that you still have not accumulated enough BTC or more than enough BTC, yet you still believe that waiting is a good strategy. .and sure, maybe your strategy will work out, and maybe it won't.. .. just think of the guys in late 2016 early 2017 who were considering that $1k bitcoin was expensive.. and they were waiting for $500 ish.. I interacted with quite a few of those guys... and sure some of them were low coiners and others were no coiners, and some of them could have had either bought a bunch of BTC or even they could have had gotten into $100 per week of bitcoin at that time, and so even getting into bitcoin at $100 per week at that time would have had been pretty good..

But even if we look at your own situation of mid 2017.. If you had started buying bitcoin at $100 per week from August 2017 until present, you would have right around 3.12 BTC right now with $39k invested, and sure you could have had periods of investing more or less, but a consistent BTC buying puts you in a decent place.

Regarding someone entering into bitcoin right now or someone who had not adequately invested in bitcoin in his earlier times, he still may well be able to just buy bitcoin in a DCA kind of a way, and perhaps supplement that DCA approach with holding back some fiat for buying on dips that might happen.

^ Sticking to the plan is always the right way.
Even if it may be wrong in the end, it should be followed to then be analyzed, what went wrong, why, etc.
And what would be considered.. over accumulated?

Going beyond your goal is overaccumulation. If you are brand new to bitcoin and/or investing, then I doubt that you are even close to reaching a status of accumulation.. but sure maybe you have been investing in bitcoin (and other things) for a while and/or maybe you were able to front load your bitcoin investment.  Many times there are preferences to allow the bitcoin investment to compound for a while prior to switching from accumulation and into a status of selling.. but sure there could be guys who might be able to get to such status of overaccumulation earlier than others if they had started with a large amount and/or front loaded their investment..

For example, if you considered that you needed around 10 years of your income/expenses in bitcoin in order to be able to live off of it, and you measured the value of bitcoin ]at the 200 WMA, then if your target income was $80k per year, then right now you would need 18.35 BTC to be at the bare minimum entry-level of reaching such sufficient accumulation status.. so if you went beyond such accumulation amount then you have reached a status of overaccumulation.

Of course if you are using the same standard (of an income of $80k per year) to assess how many bitcoin you need to reach overaccumulation status in a projection into the future, then someone with those $80k per year standards, may well need only around 1/3 of that same quantity in 4 years from now (so perhaps around 6-7 BTC 4 years from now), and of course the amount of how many BTC that you might need is not guaranteed to work out in advance, so you have to just do your best to work towards the goals that you consider may well end up materializing into the future.... and for sure, it should be way easier to assess whether you have already reached such overaccumulation status in the present or if you are close to getting there in the present as compared to being specific with how much you might need into the future.. even though surely you should be able to project ballpark ideas into the future and work towards those.

Of course, you might come up with your own formula for figuring out what you believe to be either sufficient accumulation status and/or over accumulation status.

[Frankolala]

I dont know about Cryptmuster accumulating status or level, but the way he said it that bitcoin price is too high might mislead those that requires consistency. Because for one to be consistent you dont need to give a fuck about the price, all you do is steady accumulation regardless of market price. As a consistent investor, you just keep buying regardless of the price it's all about that long-term strategy, Whether it's going up or down you stick to your plan and keep accumulating.

What seems too high at one moment can totally look like a great opportunity later on. Last year, many people thought the price was too high at $60k - $70k and were waiting for a dip, but instead, it just kept climbing. It shows how unpredictable the market can be. Right now, So its better to be in the market at all given time because there's a strategy that gives us the leverage to purchase Bitcoin regardless of price.

Everybody has their own plan and vision.
Though, honestly speaking - no price is bad when talking about BTC.
Some are waiting for the dips, and some - buy nonetheless, the results would differ slightly, but they would still end up in good PNL once enough time would pass.

If you are busy waiting for the dip that you don't know if it will come or not as a new investor or someone with low bitcoin portfolio, you are delaying the time that you are supposed to us to be building riches for your future through your regular DCA weekly buying without considering the price of bitcoin at the moment. It means that investor is not serious of getting rich and is currently gambling with his opportunity of improving his financial status in future for his old age.

There will be a big difference in the result of who got started right away and invest with DCA for long term compared to who is not buying now and waiting for the dip to come when we are still in the bull run. This is because whenever when a dip comes, he will not buy because he has already made up his mind that bitcoin price is high. Instead, he will be waiting for the price to go dipper. In future, he would end up being a low coiner because he was waiting.

[MusaPk]

For sure there are some guys who might be more motivated than others to build up their finances, so when they are motivated, then they may well end up doing way better than their peers and perhaps even catching up to (and passing up) some of their peers that had way more advantages. 

~snip

It's your motivation that drives you further in life, if you are motivated to study you will work hard and excel in studies and if you are motivated to improve your finances then you will look for opportunities and try to grasp them as quickly as possible. Likewise, if someone is motivated to excel in Bitcoin then he will look for ways on how to accumulate bitcoins in best manner. Just throwing money in Bitcoin won't help unless you follow some strategy.   

The two comparisons you have made between a person who is staking vs the one who is not stacking. It's better to have any number of Bitcoins then having no Bitcoins at all. Those who are stacking for last 15 years are in better position at the moment compared to those who just started. Likewise anyone who is starting today will be in much better position after 15 years from today then a person who is about to start Bitcoin accumulation in 2040. This is a very straight forward comparison, the sooner you get into Bitcoin better it gets that for you. Even if you have zero Bitcoin then start investing today so you will be in better position after few years and that's 1000 times better then having no Bitcoin.

[Tmoonz]

I dont know about Cryptmuster accumulating status or level, but the way he said it that bitcoin price is too high might mislead those that requires consistency. Because for one to be consistent you dont need to give a fuck about the price, all you do is steady accumulation regardless of market price. As a consistent investor, you just keep buying regardless of the price it's all about that long-term strategy, Whether it's going up or down you stick to your plan and keep accumulating.

What seems too high at one moment can totally look like a great opportunity later on. Last year, many people thought the price was too high at $60k - $70k and were waiting for a dip, but instead, it just kept climbing. It shows how unpredictable the market can be. Right now, So its better to be in the market at all given time because there's a strategy that gives us the leverage to purchase Bitcoin regardless of price.

Everybody has their own plan and vision.
Though, honestly speaking - no price is bad when talking about BTC.
Some are waiting for the dips, and some - buy nonetheless, the results would differ slightly, but they would still end up in good PNL once enough time would pass.

If you are busy waiting for the dip that you don't know if it will come or not as a new investor or someone with low bitcoin portfolio, you are delaying the time that you are supposed to us to be building riches for your future through your regular DCA weekly buying without considering the price of bitcoin at the moment. It means that investor is not serious of getting rich and is currently gambling with his opportunity of improving his financial status in future for his old age.

There will be a big difference in the result of who got started right away and invest with DCA for long term compared to who is not buying now and waiting for the dip to come when we are still in the bull run. This is because whenever when a dip comes, he will not buy because he has already made up his mind that bitcoin price is high. Instead, he will be waiting for the price to go dipper. In future, he would end up being a low coiner because he was waiting.

Another disadvantage of the waiting strategy before buying Bitcoin is that some time something can come up along the line that can make you used up the money you kept to buy the Bitcoin dip which would have been averted by utilizing the opportunity of buying Bitcoin through the DCA strategy, maximizing every opportunities of increasing our Bitcoin size is what we should always look out for but however, every investment decisions should be done considerably to avoid certain regret of wrong decision making.

[JayJuanGee]

For sure there are some guys who might be more motivated than others to build up their finances, so when they are motivated, then they may well end up doing way better than their peers and perhaps even catching up to (and passing up) some of their peers that had way more advantages.  ~snip

It's your motivation that drives you further in life, if you are motivated to study you will work hard and excel in studies and if you are motivated to improve your finances then you will look for opportunities and try to grasp them as quickly as possible.

Motivation helps, yet it still seems that the motivation on its own is not going to be very helpful if the motivation is targeted in faulty kinds of ways... accordingly, the shitcoiner may well have similar motives as the long term bitcoiner, and frequently the shitcoiner believes that he is going to be able to do better than the bitcoiner, since the bitcoin is too old.. already costs a lot and involves a bunch of boomers, and so the shitcoiner may well be very motivated to study 100s of shitcoins and even to put together multiple charts ranking the shitcoins based on various criteria... and so often, the shitcoiner does not realize that he is being played and sucked into a gambling kind of a mindset, that might have some short term benefits, and he might even get rewarded by having some gainz, yet he might not realize until after 6 years or more that so much of what he had been doing was not very good use of time, energies and value, and he would have had done way better to have had gone exclusively bitcoin or at least something like 90% or more bitcoin rather than fucking around and trying to figure out 100s and perhaps thousands of shitcoins.

It is possible that he could have learned some valuable skills along the way,  yet at the same time, it is also possible that he could have had learned as much (or even more) valuable information by focusing 90% or more on bitcoin.

So the shitcoiner/gambler/trader is still likely to be motivated - even though in a kind of unhinged kind of motivation that ends up having a lot of costs and various lackings in the right kinds of focus.

Likewise, if someone is motivated to excel in Bitcoin then he will look for ways on how to accumulate bitcoins in best manner. Just throwing money in Bitcoin won't help unless you follow some strategy.   

The two comparisons you have made between a person who is staking vs the one who is not stacking. It's better to have any number of Bitcoins then having no Bitcoins at all. Those who are stacking for last 15 years are in better position at the moment compared to those who just started. Likewise anyone who is starting today will be in much better position after 15 years from today then a person who is about to start Bitcoin accumulation in 2040. This is a very straight forward comparison, the sooner you get into Bitcoin better it gets that for you. Even if you have zero Bitcoin then start investing today so you will be in better position after few years and that's 1000 times better then having no Bitcoin.

I agree that even though the future of bitcoin is not guaranteed, there continues to be an element involving getting started as soon as possible and then figure out some kind of a way of continuing to progress in regards to investing time, energy and money into bitcoin.. and at the same time figuring out how to tailor the learning about bitcoin with learning about our own cashflow management that allows us to figure out how to size our entrance and involvement into bitcoin within the scope of our  9 individual factors.

[ChiBitCTy]

It's never too late to buy bitcoin and this is also what shows the power of DCA or (dollar cost averagaing).  If you look at bitcoin the way it should be looked at, which is a breakthrough digital payment technology, giving the control of money "back to the people" then you'll realize a few things, it's not all about just making "profits" as well as it's a digital payment system that has changed everything, just turn on CNBC or other financial news outlets and see for yourself!

[Churchillvv]

For sure there are some guys who might be more motivated than others to build up their finances, so when they are motivated, then they may well end up doing way better than their peers and perhaps even catching up to (and passing up) some of their peers that had way more advantages.  ~snip

It's your motivation that drives you further in life, if you are motivated to study you will work hard and excel in studies and if you are motivated to improve your finances then you will look for opportunities and try to grasp them as quickly as possible.

Motivation helps, yet it still seems that the motivation on its own is not going to be very helpful if the motivation is targeted in faulty kinds of ways... accordingly, the shitcoiner may well have similar motives as the long term bitcoiner, and frequently the shitcoiner believes that he is going to be able to do better than the bitcoiner, since the bitcoin is too old.. already costs a lot and involves a bunch of boomers, and so the shitcoiner may well be very motivated to study 100s of shitcoins and even to put together multiple charts ranking the shitcoins based on various criteria... and so often, the shitcoiner does not realize that he is being played and sucked into a gambling kind of a mindset, that might have some short term benefits, and he might even get rewarded by having some gainz, yet he might not realize until after 6 years or more that so much of what he had been doing was not very good use of time, energies and value, and he would have had done way better to have had gone exclusively bitcoin or at least something like 90% or more bitcoin rather than fucking around and trying to figure out 100s and perhaps thousands of shitcoins.

It is possible that he could have learned some valuable skills along the way,  yet at the same time, it is also possible that he could have had learned as much (or even more) valuable information by focusing 90% or more on bitcoin.

So the shitcoiner/gambler/trader is still likely to be motivated - even though in a kind of unhinged kind of motivation that ends up having a lot of costs and various lackings in the right kinds of focus.

Perhaps this scenario seems to be only directed towards the lucky part for a shitcoins but perhaps it's even way more risky and time wasting than you make it seem.

Lots of people thinks since bitcoin has been around in a long time that there is a coin (shittycoin) that would be more like bitcoin or even the scammers who advertise this coins makes it sound like it's the second bitcoin which can never be true because there is only one bitcoin hence they rush down to put in all they got without realising the risk they out themselves into and not just a risk but a gamble which in other words is trading, the chance of getting this rewards proclaimed by shitcoiners is way beyond 50/50 it now seems like a 60/40 or even 70/30 hence the chance of getting gains is now becoming less and less yet they do not realise that even putting the smallest stash in to bitcoin in a long while can make you way more than the quick profit that is being flashed on them.

Motivation needs to be in the right direction and it doesn't just require motivation yet discipline is even more important than motivation itself. discipline in the right direction (bitcoin) could/might change ones life in a long run.

[Tmoonz]

For sure there are some guys who might be more motivated than others to build up their finances, so when they are motivated, then they may well end up doing way better than their peers and perhaps even catching up to (and passing up) some of their peers that had way more advantages.  ~snip

It's your motivation that drives you further in life, if you are motivated to study you will work hard and excel in studies and if you are motivated to improve your finances then you will look for opportunities and try to grasp them as quickly as possible.

Motivation helps, yet it still seems that the motivation on its own is not going to be very helpful if the motivation is targeted in faulty kinds of ways... accordingly, the shitcoiner may well have similar motives as the long term bitcoiner, and frequently the shitcoiner believes that he is going to be able to do better than the bitcoiner, since the bitcoin is too old.. already costs a lot and involves a bunch of boomers, and so the shitcoiner may well be very motivated to study 100s of shitcoins and even to put together multiple charts ranking the shitcoins based on various criteria... and so often, the shitcoiner does not realize that he is being played and sucked into a gambling kind of a mindset, that might have some short term benefits, and he might even get rewarded by having some gainz, yet he might not realize until after 6 years or more that so much of what he had been doing was not very good use of time, energies and value, and he would have had done way better to have had gone exclusively bitcoin or at least something like 90% or more bitcoin rather than fucking around and trying to figure out 100s and perhaps thousands of shitcoins.

It is possible that he could have learned some valuable skills along the way,  yet at the same time, it is also possible that he could have had learned as much (or even more) valuable information by focusing 90% or more on bitcoin.

So the shitcoiner/gambler/trader is still likely to be motivated - even though in a kind of unhinged kind of motivation that ends up having a lot of costs and various lackings in the right kinds of focus.

Perhaps this scenario seems to be only directed towards the lucky part for a shitcoins but perhaps it's even way more risky and time wasting than you make it seem.

Lots of people thinks since bitcoin has been around in a long time that there is a coin (shittycoin) that would be more like bitcoin or even the scammers who advertise this coins makes it sound like it's the second bitcoin which can never be true because there is only one bitcoin hence they rush down to put in all they got without realising the risk they out themselves into and not just a risk but a gamble which in other words is trading, the chance of getting this rewards proclaimed by shitcoiners is way beyond 50/50 it now seems like a 60/40 or even 70/30 hence the chance of getting gains is now becoming less and less yet they do not realise that even putting the smallest stash in to bitcoin in a long while can make you way more than the quick profit that is being flashed on them.

Motivation needs to be in the right direction and it doesn't just require motivation yet discipline is even more important than motivation itself. discipline in the right direction (bitcoin) could/might change ones life in a long run.

What happens to those that are being distracted by those scammers is that they easily get carried away by hearing what they want to hear, you know there is always a direction towards whatever we give attention and that is what we may end up doing, that is to say one should be be more careful about what we give attention because a man might always want to will up doing just as his mind thinks, those that makes themselves vulnerable for a quick and easy money making mind sets gets excited on getting to hear what they want from those scammers, I call those scammers fishermen because they will always come with bates that will attract the fishes to be trapped.

[woez]

What happens to those that are being distracted by those scammers is that they easily get carried away by hearing what they want to hear, you know there is always a direction towards whatever we give attention and that is what we may end up doing, that is to say one should be be more careful about what we give attention because a man might always want to will up doing just as his mind thinks, those that makes themselves vulnerable for a quick and easy money making mind sets gets excited on getting to hear what they want from those scammers, I call those scammers fishermen because they will always come with bates that will attract the fishes to be trapped.

Making money fast sometimes ends tragically. Everything starts out well and in the middle of the journey there are reasons made to make it seem real and they do not hesitate to drain the money of the targeted people, especially those who have entered and invested in their platform.

[Obab]

What happens to those that are being distracted by those scammers is that they easily get carried away by hearing what they want to hear, you know there is always a direction towards whatever we give attention and that is what we may end up doing, that is to say one should be be more careful about what we give attention because a man might always want to will up doing just as his mind thinks, those that makes themselves vulnerable for a quick and easy money making mind sets gets excited on getting to hear what they want from those scammers, I call those scammers fishermen because they will always come with bates that will attract the fishes to be trapped.

Making money fast sometimes ends tragically. Everything starts out well and in the middle of the journey there are reasons made to make it seem real and they do not hesitate to drain the money of the targeted people, especially those who have entered and invested in their platform.

Fast earning efforts can sometimes be dangerous, especially when it’s trapped in weak or fraudulent proposals. Sometimes it pledges a lot in the beginning, but later people are damaged. Before investing, research should always be verified properly, and research is very important before making any decision.
I think if you’re thinking the same in investing, you must move forward through practice practice practice. This allows you to reach your specific place. It is very valuable to earn substances slowly from earning money very quickly because fast money does not last all the time.

[hero_the_bossman]

Making money fast sometimes ends tragically. Everything starts out well and in the middle of the journey there are reasons made to make it seem real and they do not hesitate to drain the money of the targeted people, especially those who have entered and invested in their platform.

Risk follows where the words "fast" and "profit" come at each other.
It's better to keep things simple and stable if possible.

[Cryptmuster]

You may end up getting tricked by your own sense of what is considered to be a low price, rather than staying focused on the more important thing which is continuing to accumulate bitcoin persistently, ongoingly consistently and perhaps aggressively until you reach more than enough.  Of course, no one can answer the question of "what is more than enough" except for you, so you could end up coming to the wrong conclusion... but sure, at least, if you have already accumulated a decent amount of bitcoin, then it might not be a big deal to wait.. but it still does not mean that you are going to end up arriving at the correct conclusion.

As for you, are you still buying Bitcoin now?

My situation is that I have spent almost all of my allowed budget for investing and that is what I mean when I say I have accumulated enough Bitcoin. I still have some stablecoins but I am holding them in case of any significant correction, if there is one, since I bought most of my coins in the bear market and would not like to continue buying now when the price of Bitcoin has increased so much.

I am not saying that I really know either.. but if BTC ends up going 2x to 20x higher, then you might realize that it would have had been better to stay focused on continuing to accumulate BTC.

Even with myself, I had accumulated quite a bit in 2014 and I had tentatively concluded that I had enough BTC, but I could not resist continuing to accumulate into 2015, 2016 and early 2017, so even when I look back at my earlier assessments, I can see various faults that I had in my thinking, but most of my faults related to ways that I might have had been able to continue to  accumulate.. and so it can be hard to really know while we are going through something if we might be striking a correct kind of a balance, and it seem to me that your  balance is that you are afraid of using your fiat at these prices and then feeling like a sucker if the BTC price ends up going down and you don't have any money left.

True, I understand that too, but I think I should try to sell bitcoin (maybe some of it) to buy more in a bear market when the price drops. I guess you can say that in a bear market the price may not be below 100k, and I admit that too, but I will at least try to do it, and I hope that I will be right. But for now I continue to hold, because I believe that bitcoin will still grow.

[Rustam Meraj]

What happens to those that are being distracted by those scammers is that they easily get carried away by hearing what they want to hear, you know there is always a direction towards whatever we give attention and that is what we may end up doing, that is to say one should be be more careful about what we give attention because a man might always want to will up doing just as his mind thinks, those that makes themselves vulnerable for a quick and easy money making mind sets gets excited on getting to hear what they want from those scammers, I call those scammers fishermen because they will always come with bates that will attract the fishes to be trapped.

When people listen to scammers they can easily believe false promises and forget what is real. What we pay attention to can lead us in certain direction and if we are not careful we can make bad decisions that are not good for us. Scammers most target people who want to make money quickly and easily and those people can get very excited and then get trapped. I like your comparison of scammers to fishermen who use bait to catch fish. It is reminder to be very careful and watch out when someone makes us offer that we did not ask for or that seems too good to be true.

[EarnOnVictor]

What happens to those that are being distracted by those scammers is that they easily get carried away by hearing what they want to hear, you know there is always a direction towards whatever we give attention and that is what we may end up doing, that is to say one should be be more careful about what we give attention because a man might always want to will up doing just as his mind thinks, those that makes themselves vulnerable for a quick and easy money making mind sets gets excited on getting to hear what they want from those scammers, I call those scammers fishermen because they will always come with bates that will attract the fishes to be trapped.

Bitcoin and scams have no relationship and anyone gullible to the point of being scammed in the name of Bitcoin should face the music and should never relate it to Bitcoin. This is why we always preach that (1) people should learn Bitcoin before they invest in it and do the extensive DYOR. (2) Anything that promises a too-good-to-be-true return should be avoided. Unfortunately, even people's Bitcoin mentor scams them, they will cajole them into investing directly with them, and before you know it, boom!!! they are off the radar.

[FortuneFollower]

Bitcoin and scams have no relationship and anyone gullible to the point of being scammed in the name of Bitcoin should face the music and should never relate it to Bitcoin. This is why we always preach that (1) people should learn Bitcoin before they invest in it and do the extensive DYOR. (2) Anything that promises a too-good-to-be-true return should be avoided. Unfortunately, even people's Bitcoin mentor scams them, they will cajole them into investing directly with them, and before you know it, boom!!! they are off the radar.

That's the worst situation, but usually, scammers use the lack of knowledge as a way to promote their "guidelines" or "guidance", and then people get rugged.
The first rule is to do things yourself, you will be right or wrong, but it will be you, not somebody else.

[Muba20]

I dont know about Cryptmuster accumulating status or level, but the way he said it that bitcoin price is too high might mislead those that requires consistency. Because for one to be consistent you dont need to give a fuck about the price, all you do is steady accumulation regardless of market price. As a consistent investor, you just keep buying regardless of the price it's all about that long-term strategy, Whether it's going up or down you stick to your plan and keep accumulating.

What seems too high at one moment can totally look like a great opportunity later on. Last year, many people thought the price was too high at $60k - $70k and were waiting for a dip, but instead, it just kept climbing. It shows how unpredictable the market can be. Right now, So its better to be in the market at all given time because there's a strategy that gives us the leverage to purchase Bitcoin regardless of price.

Everybody has their own plan and vision.
Though, honestly speaking - no price is bad when talking about BTC.
Some are waiting for the dips, and some - buy nonetheless, the results would differ slightly, but they would still end up in good PNL once enough time would pass.

But why taking delays if you are ready to invest on Bitcoin? Waiting for dips is useless if you get scared to accumulate when the price drops bad. Maybe better to buy whatever price Bitcoin reached since this would test the level of your patience since you will be more discipline to follow up your plans rather than waiting for those unpredictable situation.

people need consistency so act now is better decision to do when it comes on Bitcoin accumulating and also there's no late when it comes investing on this coin.

Agreed, there are no people who do not know about Bitcoin, but how many people do you know who are holding or investing in Bitcoin in your area? Maybe you know a few people in your area? How many people know about Bitcoin or are investing in Bitcoin? Of course, it will be very few. That is why those who will invest in Bitcoin now will definitely be much ahead of others.

Another thing is that the demand for a coin with a supply of 21 million is increasing rapidly worldwide and due to this continuity, there is no possibility of its value decreasing, it can be ups and down for its volatility but not permanently.

An investor who is preparing to accept Bitcoin or wants to prepare to collect Bitcoin. If they accept the principle of investing in Bitcoin as a long-term investment, every time is perfect for them to hold Bitcoin.