Who says it's too late to buy Bitcoin?

[fikrett]

it is absolutely true that the potential of bitcoin will always be there, so it is never too late for someone to invest in bitcoin because it doesn't matter when they enter... the main thing is just the mindset, because investing in bitcoin is not like short-term trading... investors cannot think that they will take profit in a year and then sell when they get profit-- they need to invest regularly and hold long-term, like what bitcoin hodlers do.

Actually, every investor has their own time target and choice in determining when to sell and buy again with their investment plan, but when the investment only runs in Bitcoin, it is better not to sell in the near future because Bitcoin is always more optimal in terms of profit if every investor wants to keep it in the long term. And by the way today I have seen a Bitcoin price correction of around 6% causing the price to drop to around $98K, what news is out there that has affected the price of Bitcoin in today's market?

Although on the one hand, a price drop like the current one would be very good if there were many investors who wanted to take advantage of it by buying Bitcoin without having to delay any longer because the current price is a very reasonable price for an asset like Bitcoin because the potential for it to be slammed back up is still quite large for Bitcoin.

Didn't yet see the reason for the drop, but I will surely use it to grab better positions for myself.
It's just due to going sideways or due to any other reason, after all, market is very affected by the sentiment, currently.

[summonerrk]

And here we have a new round of Bitcoin money swings: the price fell due to a new startup from China that showed that AI can be more powerful and cheaper, because of this the entire stock market fell in price, as did Bitcoin and altcoins. And this is a great opportunity to buy, because now it is possible that the US will decide to strike back with a news strike, showing that they can also create a fast cheap AI model. And in general, now is a good time to buy Bitcoin.

[JayJuanGee]

it is absolutely true that the potential of bitcoin will always be there, so it is never too late for someone to invest in bitcoin because it doesn't matter when they enter... the main thing is just the mindset, because investing in bitcoin is not like short-term trading... investors cannot think that they will take profit in a year and then sell when they get profit-- they need to invest regularly and hold long-term, like what bitcoin hodlers do.

Actually, every investor has their own time target and choice in determining when to sell and buy again with their investment plan, but when the investment only runs in Bitcoin, it is better not to sell in the near future because Bitcoin is always more optimal in terms of profit if every investor wants to keep it in the long term. And by the way today I have seen a Bitcoin price correction of around 6% causing the price to drop to around $98K, what news is out there that has affected the price of Bitcoin in today's market?

Although on the one hand, a price drop like the current one would be very good if there were many investors who wanted to take advantage of it by buying Bitcoin without having to delay any longer because the current price is a very reasonable price for an asset like Bitcoin because the potential for it to be slammed back up is still quite large for Bitcoin.

In the whole scheme of things if you are holding bitcoin for 4-10 years or longer, then why would it matter even one iota if BTC prices are $90k or $110k?  Sure, it does make anyone feel good to be able to get more BTC for the same amount of money, yet overall ongoing buying makes a lot more sense than attempting to figure out whether or not there is a dip that makes you feel moar better about buying some BTC.

Sure if you are buying $100 to $500 worth of bitcoin every week, you could manually make your buys and even potentially attempt to time your buys for dips during the week, yet even attempting to time dips may or may not end up working out, and it might do you better to just pick one day of the week to buy (even though surely on a personal level I have tended to prefer manual buys instead of manual buys).  When I first got into bitcoin, I would have a weekly budget and I would attempt to buy dips during the week, and if I had not spent all of my weekly allowance to buy bitcoin by a certain day of the week, then I would buy at that point, and my next week's allowance would start after the expire of the previous week.

Also, consider your own forum registration date, Fara Chan.  You have been on the forum since April 2017, so that is nearly 8 years, and in that regard, I would speculate that you had already been accumulating bitcoin for nearly two cycles, so surely you might have the luxury of waiting and/or playing around with dips that may or may not happen.  Folks who are newer to bitcoin (such as less than a whole cycle), may well not have as much luxury to be trying to play around with waiting for dips that may or may not end up happening, which is part of the presumption of this thread in regards to folks who are weighing their own concerns of entering new into bitcoin versus folks who had already largely entered into bitcoin..and sure, I have already made the argument that there is one thing being a no coiner newbie and another thing being a low coiner, even though the low coiner might still have a similar issue of still not having enough bitcoin, even though they had already been in bitcoin for a while.

[AlphaBheta]

I personally think there is no such thing as a time when buying Bitcoin is too late, what I'd say though is because of the current price, a smart approach would be to DCA and also invest with caution.

[YUriy1991]

it is absolutely true that the potential of bitcoin will always be there, so it is never too late for someone to invest in bitcoin because it doesn't matter when they enter... the main thing is just the mindset, because investing in bitcoin is not like short-term trading... investors cannot think that they will take profit in a year and then sell when they get profit-- they need to invest regularly and hold long-term, like what bitcoin hodlers do.

Of course, In this space there is always an opportunity to collect BTC ownership with DCA whether manually or looking for a platform that supports the purchase. To be wiser, if we are able to combine market fluctuation conditions, meaning routine buying efforts as usual are adjusted to financial capabilities, at certain times add the recipe if you see the BTC price is correcting or falling drastically.

[Churchillvv]

[edited out]

You are absolutely right! 20 year olds make many wrong decisions because they are unable to control their hormonal power! And they also have to face many losses! Your statement was policy-oriented! And in my opinion, both parents and role models of teenagers should continue to educate teenagers on this issue! So that teenagers do not make wrong decisions! And do not do anything bad while investing.

I am not proclaiming that we can prevent teenagers and young people from making mistakes, since as has already been posted, sometimes they are going to be stubborn as fuck, and so it can be a bit difficult sometimes to provide them with sufficient tools so that they might be able to help themselves, but they still might end up screwing up a lot and even doing opposite of what their older self might later come to realize to be mistakes and/or wrong directions.

Some young folks will get caught into a life that involves a series of bad decisions, and sometimes they will end up learning later and other times they will stay stubborn for so long that they end up contributing to their own bad outcomes.  I am not claiming to know the solutions, even though surely some young folks progress through their bad (or full of mistake) behaviors in better directions than others, and surely sometimes the reason might be in relation to role models and some various strokes of luck or even getting them interested in certain kinds of activities or exposures to environments that help them to avoid going too far in bad directions and making too many mistakes.

Perhaps I do agree with you to a great extent yet young people within the mention age could sometimes make right decisions even without their parents providing the foundations. young people within their 20s are prone to mistakes that we do realise later on but this mistakes regarding investment are always personal decisions in my honest opinion.

Although there are activities that keeps young people engaged and caught out of the right part yet we keep letting ourselves into it.

Using myself as an example; I'm in my earliest 20s but I've got a little bit of knowledge and made decisions that's way against the expectations of people within this age perhaps I know it's a self taught and a discipline that brought me to this stage hence when I see young people within my age making the popular mistakes I do agree that young people are self voluntary to mistakes.

[JayJuanGee]

[edited out]

You are absolutely right! 20 year olds make many wrong decisions because they are unable to control their hormonal power! And they also have to face many losses! Your statement was policy-oriented! And in my opinion, both parents and role models of teenagers should continue to educate teenagers on this issue! So that teenagers do not make wrong decisions! And do not do anything bad while investing.

I am not proclaiming that we can prevent teenagers and young people from making mistakes, since as has already been posted, sometimes they are going to be stubborn as fuck, and so it can be a bit difficult sometimes to provide them with sufficient tools so that they might be able to help themselves, but they still might end up screwing up a lot and even doing opposite of what their older self might later come to realize to be mistakes and/or wrong directions.

Some young folks will get caught into a life that involves a series of bad decisions, and sometimes they will end up learning later and other times they will stay stubborn for so long that they end up contributing to their own bad outcomes.  I am not claiming to know the solutions, even though surely some young folks progress through their bad (or full of mistake) behaviors in better directions than others, and surely sometimes the reason might be in relation to role models and some various strokes of luck or even getting them interested in certain kinds of activities or exposures to environments that help them to avoid going too far in bad directions and making too many mistakes.

Perhaps I do agree with you to a great extent yet young people within the mention age could sometimes make right decisions even without their parents providing the foundations. young people within their 20s are prone to mistakes that we do realise later on but this mistakes regarding investment are always personal decisions in my honest opinion.

Although there are activities that keeps young people engaged and caught out of the right part yet we keep letting ourselves into it.

Using myself as an example; I'm in my earliest 20s but I've got a little bit of knowledge and made decisions that's way against the expectations of people within this age perhaps I know it's a self taught and a discipline that brought me to this stage hence when I see young people within my age making the popular mistakes I do agree that young people are self voluntary to mistakes.

Shitcoin's play off of the greed, gullibility and desires for success of young people, so sometimes young people can end up getting played without realizing it, and including their coming to false beliefs that they are the one establishing the parameters for their participation, when they are being manipulated.  Even if young people may end up entering into various relations with skepticism and street smarts, it still is not easy to realize the extent to which they might be getting played... And, surely some young people are better able to figure out some kind of a balance in which they still end up coming out in a good place through the experience rather than getting overly reckt... sure a little  reckt might be tallied up to learning experiences.. so I am not even suggesting that young people should not try things out and to take various kinds of risks that older people might not be willing to do, yet it can sometimes be difficult for younger people when they might not have certain kinds of life experiences in order to identify what might be reasonable and probable versus improbable and also in terms of being able to think in terms of probabilities rather sometimes getting sucked into black and white frameworks and certainties when such black and white might not exist in the real world and might be being played (or portrayed) into their wishful thinking about a vision of the world that has not yet played out and might not be able to be played out because it has way lower odds of happening as what is being portrayed and the young person is not properly weighing probabilities outcomes and/or various things that would have to happen for their vision to come to fruition.

[Tmoonz]

[edited out]

You are absolutely right! 20 year olds make many wrong decisions because they are unable to control their hormonal power! And they also have to face many losses! Your statement was policy-oriented! And in my opinion, both parents and role models of teenagers should continue to educate teenagers on this issue! So that teenagers do not make wrong decisions! And do not do anything bad while investing.

I am not proclaiming that we can prevent teenagers and young people from making mistakes, since as has already been posted, sometimes they are going to be stubborn as fuck, and so it can be a bit difficult sometimes to provide them with sufficient tools so that they might be able to help themselves, but they still might end up screwing up a lot and even doing opposite of what their older self might later come to realize to be mistakes and/or wrong directions.

Some young folks will get caught into a life that involves a series of bad decisions, and sometimes they will end up learning later and other times they will stay stubborn for so long that they end up contributing to their own bad outcomes.  I am not claiming to know the solutions, even though surely some young folks progress through their bad (or full of mistake) behaviors in better directions than others, and surely sometimes the reason might be in relation to role models and some various strokes of luck or even getting them interested in certain kinds of activities or exposures to environments that help them to avoid going too far in bad directions and making too many mistakes.

Perhaps I do agree with you to a great extent yet young people within the mention age could sometimes make right decisions even without their parents providing the foundations. young people within their 20s are prone to mistakes that we do realise later on but this mistakes regarding investment are always personal decisions in my honest opinion.

Although there are activities that keeps young people engaged and caught out of the right part yet we keep letting ourselves into it.

Using myself as an example; I'm in my earliest 20s but I've got a little bit of knowledge and made decisions that's way against the expectations of people within this age perhaps I know it's a self taught and a discipline that brought me to this stage hence when I see young people within my age making the popular mistakes I do agree that young people are self voluntary to mistakes.

Shitcoin's play off of the greed, gullibility and desires for success of young people, so sometimes young people can end up getting played without realizing it, and including their coming to false beliefs that they are the one establishing the parameters for their participation, when they are being manipulated.  Even if young people may end up entering into various relations with skepticism and street smarts, it still is not easy to realize the extent to which they might be getting played... And, surely some young people are better able to figure out some kind of a balance in which they still end up coming out in a good place through the experience rather than getting overly reckt... sure a little  reckt might be tallied up to learning experiences.. so I am not even suggesting that young people should not try things out and to take various kinds of risks that older people might not be willing to do, yet it can sometimes be difficult for younger people when they might not have certain kinds of life experiences in order to identify what might be reasonable and probable versus improbable and also in terms of being able to think in terms of probabilities rather sometimes getting sucked into black and white frameworks and certainties when such black and white might not exist in the real world and might be being played (or portrayed) into their wishful thinking about a vision of the world that has not yet played out and might not be able to be played out because it has way lower odds of happening as what is being portrayed and the young person is not properly weighing probabilities outcomes and/or various things that would have to happen for their vision to come to fruition.

There are traits in some younger forks that inclines repulsion in terms of whatever that they are ask not to do that's what they will insist on doing until they are being burnt and feel the hotness of what they were asked not to do, my point is that there are those who will never for any reason attempt to learn from what has happened to others until it happens to them. However, while one can make a mistake at some point might be normal but making that same mistake the next time is completely unreasonable.

[Cryptmuster]

Perhaps I do agree with you to a great extent yet young people within the mention age could sometimes make right decisions even without their parents providing the foundations. young people within their 20s are prone to mistakes that we do realise later on but this mistakes regarding investment are always personal decisions in my honest opinion.

Although there are activities that keeps young people engaged and caught out of the right part yet we keep letting ourselves into it.

Using myself as an example; I'm in my earliest 20s but I've got a little bit of knowledge and made decisions that's way against the expectations of people within this age perhaps I know it's a self taught and a discipline that brought me to this stage hence when I see young people within my age making the popular mistakes I do agree that young people are self voluntary to mistakes.

At 20, you are already an adult who should make decisions on your own, I think it would be worth doing this even earlier, at 15-16 years old, at this age I already started working and did not depend on pocket money from my parents, this is what allowed me to make decisions on my own, and my parents respected my decisions, because I had taken the right steps before and showed that I can earn money. The only thing they told me was that this should not interfere with my studies, because education matters, for which I am grateful to them. So when you can learn to be independent so early, you learn to apply all this to everyone, and rely on your knowledge and not listen to the opinions of others. The same is true for making decisions about buying and selling bitcoin, because if it comes to your money, listening to someone else's advice is a bad decision. I would not buy bitcoin now, because bitcoin is too high in my opinion.

[JayJuanGee]

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.

[LDL]

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.

Since he doesn't need Bitcoin, he has completely immersed/Saturated with himself in Bitcoin. Since he registered on the Bitcoin forum in 2017, he has been familiar with Bitcoin since before or since the price of Bitcoin rose from $1,200 in April to $14,000 in December 2017. If he had invested during that time, his Bitcoin would have increased hundreds of times, so there doesn't seem to be any need for him to invest in this high-profile market.

However, those who have enough confidence in Bitcoin can invest because thinking about whether to do it today or tomorrow just wastes time and does not lead to investment. If you want to invest, it would be wise to invest without any hesitation and if you have sufficient planning and funds to invest.

[0t3p0t]

It's not too late to buy Bitcoin because if it was then why do Trump, Microstrategy and other institutions still buy Bitcoin this high right? They were successful investors and I believe that they see huge potential of Bitcoin to grow further and beyond.

[JayJuanGee]

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.

Since he doesn't need Bitcoin, he has completely immersed/Saturated with himself in Bitcoin. Since he registered on the Bitcoin forum in 2017, he has been familiar with Bitcoin since before or since the price of Bitcoin rose from $1,200 in April to $14,000 in December 2017. If he had invested during that time, his Bitcoin would have increased hundreds of times, so there doesn't seem to be any need for him to invest in this high-profile market.

I guess that we could go back and look at Cryptmuster's forum posting history to try to figure out the extent to which he might have had been investing persistently, consistently, ongoingly and perhaps aggressively from mid-2017 to present, and/or whether  he might have had front loaded his investment into bitcoin - yet for sure, I have my doubts whether we can make those kinds of assumptions regarding him or even regarding similarly situated forum members who had been registered on the forum for similar kinds of timelines.

The fact of the matter is that it can tend to take a decently long time for anyone to establish a decently good sized bitcoin position, even if they have the means to do so, and I have trouble making presumptions about what Cryptmuster might have had done - and perhaps it may not even be very relevant exactly what Cryptmuster did exactly as compared to his seemingly presumption that guys should wait for the dip rather than investing, and surely my own assertion has been that the more important factors related to either whether guys should invest in bitcoin or how they should go about it has more to do with how much they have already accumulated rather than trying to guess whether the BTC price is going to go up or down from here.

Sure, the specific focus of this thread has to do with questioning whether the BTC price is going up or down from here, which to me seems an almost impossible question to answer, except for our likely overall assessment of bitcoin still being in its early stages of adoption, so even if we might have difficulties figuring out short-term BTC price moves, it likely would still be the case that guys should be getting into bitcoin, especially if they are low coiner and/or no coiners rather than asking somewhat dumb questions about whether they might be too late to bitcoin  - even though surely, many newbies (and perhaps even ill informed longer term bitcoiners) continue to ask the "am I too late" question.

However, those who have enough confidence in Bitcoin can invest because thinking about whether to do it today or tomorrow just wastes time and does not lead to investment. If you want to invest, it would be wise to invest without any hesitation and if you have sufficient planning and funds to invest.

I suppose that I don't really disagree with you since surely there would likely need to be some confidence to be able to have an investment timeline of 4-10 years or more, and even if someone starts to invest into bitcoin, most people end up having to invest over time, rather than being able to just lump sum invest (or front load) straight into bitcoin without any needs to spread out their entry point, perhaps over several years.

[Ever-young]

Didn't yet see the reason for the drop, but I will surely use it to grab better positions for myself.
It's just due to going sideways or due to any other reason, after all, market is very affected by the sentiment, currently.

Why some will be busy thinking and looking for the best reason to justify why Bitcoin price drops in price, accumulators will seize the opportunity and buy cheaper; seeing an opportunity to acquire something at a cheaper price is rare, so if you will take advantage of the market drop and buy instead of still waiting to see if it will drop more, it will be better for you, as it will be using a small amount to accumulate a high unit of Bitcoin.

[MusaPk]

Whether it is their mistake or not, I am describing a kind of reality in which teenagers and even guys in their early 20s tend to have difficulties controlling their egos and their hormones, and so I am not blaming them for challenges that a lot of young folks have in regards to saving themselves from themselves.

 

Perhaps young blood has it's own perspective of looking at things. They think whatever they are doing is right, but credit goes to 'time' that teaches everyone of us a lesson that change our perspective towards life and that's what is called as maturity.  

I am not suggesting that human nature has to be changed, yet many of us know that there are guys who figure out how to manage their demons better than other guys in regards to making sure that they don't end up recking themselves too early in life, and surely there are guys who have more resources and they can afford to fuck up hundreds of times and receive bailouts.. and other folks might not have too many ways of being rescued, so there are inequalities in terms of the challenges an the resources that any guy is going to start out with..

I have seen cases in my circle that kids that are born in rich business families are now rich as adult just because there father left enough for them in business that even after fucking up business twice they have capital to stand up. Of course if you are born in such families then you have different fortune but not everyone of us has that much liberty.

Of course with bitcoin, there can be guys with all kinds of screwed up parts in their lives, but if they are young, they still have time on their side, so maybe with bitcoin they can find ways to just figure out ways to prioritize bitcoin in such a way that involves something like a mere $10 per week, while they also are sorting out other aspects of their lives, and perhaps it takes several years to get other matters sorted out and in the meantime they are at least building $10 per week in bitcoin, and a couple years down the road, they have put bitcoin accumulation systems in place for so long, they are able to then increase their weekly allocations into bitcoin or otherwise start to dedicate more time and energies into bitcoin.. and the process of both getting started in bitcoin and building enough of a comfort level might take a bit of time, especially when some guys might have a lot more challenges in their own particular circumstances...   

It solely someone own decision that whether he is going to invest in Bitcoin or he will prefer fixing other aspects of life. Only that guy will start investing in Bitcoin who understand what Bitcoin is and what's the benefit of investing in Bitcoin. Moreover the person who is sensible enough to think about his future will look for opportunities around him and that's where he will figure out the Bitcoin.

And, by the way, I am not ONLY picking on young people because there can also be older people who still have not recovered from their screwed up youth, and so guys might be in the 30s or 40s and still have not gotten anywhere in terms of building up any kinds of savings and/or investments.. so they also might get lured into get rich quick nonsense, trading and/or trying to take short cuts in order to make up for their screw ups in the past, which probably if they are engaging in those kinds of behaviors they are likely just repeating their same screw ups, so they likely need to get into an investment mindset into bitcoin, even if they are ONLY able to start out with $10 per week while they get other parts of their life in order so that they might be able to increase their weekly investment into bitcoin up to $100 and beyond.. which surely also includes an investment of time and energies into bitcoin too.. but the financial component should be able to be started as soon as possible and to learn along the way.. and yeah, it is still early for anyone who is wanting to get their shit together and build into bitcoin for 4-10 years or longer.

Those who are in there 30s and still not investing in anything for future will suffer with passage of time. We can give leverage to a person who is 35 years old but anyone that is beyond 35 should have some kind of investment plan with him, preferably in Bitcoin. Because if you start investing into Bitcoin as late as you are 35 years old then in next 10 years there is bright chance that you have a good Bitcoin portfolio. We have discussed this so many times that one can start with 10$ and with time as he learns more about Bitcoin he can increase his investment to whatever suits him. But the main thing is one must start from somewhere. Now we have so much data available about bitcoin that clearly indicates how beneficial Bitcoin is over a period of time.  

[HelliumZ]

It's not too late to buy Bitcoin because if it was then why do Trump, Microstrategy and other institutions still buy Bitcoin this high right? They were successful investors and I believe that they see huge potential of Bitcoin to grow further and beyond.

They always investing their BTC with DCA way.
MicroStrategy very recently bought further 10107Btc about $1.1 billions at price range of $101k . Now MicroStrategy Holdings 471107 bitcoin total value of $47billoions. It is only a matter of time before they invest in Bitcoin, but Bitcoin will represent the largest competitive market in the world in the future.

[ejikeme24]

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. It might be that he hasn't even accumulated enough bitcoin probably just waiting for a dip before investing. Though  everyone is entitle to decide when to invest and when not to invest it actually depends on your choice, for me I don't think if there's any perfect time to invest in bitcoin as long as DCA method is involved.

 if you're waiting for a dip in the price, probably you will just wake up one day to discover a deep increase in the value. at this point what will you say then, are you still going to keep  procrastinating? I don't mean to force anyone whose mind is already made up, of course if you  choose not to invest due to the high increase in the value is fine  as long as you're making the right decision for yourself.

[|MINER|]

Seeing bitcoin increasing in value it shows it is an asset to invest in that has good potential for profit.  Their are some cryptocurrencies that their prices are not increasing,  it is very risky to invest in coins like this. The increase of bitcoin price shows how bitcoin is valuable in the market than every other cryptocurrencies.

Bitcoin is valuable not just because it keeps increasing. There are times when the price of Bitcoin falls for a long time. But as long as the technology behind it and the trust in it remains, these bear market periods will pass and Bitcoin will rise again. The reason people trust Bitcoin is that it cannot be manipulated like other currencies, it cannot be printed out of thin air, and it acts according to predetermined rules. What really makes Bitcoin valuable is the mathematics behind it and the set of rules that have been thought, pondered and perfected over many years.

Yeap, Bitcoin is Valuable because it has volatiles which follow a specific cycle as you mentioned the bear and the bull and wise people's are taking full benefit of it.

Btw in my personal opinion, I think there is one big fact here that's is why bitcoin is valuable and the reason is it is limited to only 21million for whole 8 billion peoples and the upcoming.

Many people wonder why the price of Bitcoin exceeds the previous ATH price every bull season, here is the simple answer. Every year millions of people are coming to the world I mean are being born  , and if we think a little more, every year technology is reaching new people, and at the same time new people are also wanting to know and adopting Bitcoin, and for being limited it increased the demand, And the bull season creates a much higher all-time high price than the previous bull season.  And this makes bitcoin more Valuable .

[JayJuanGee]

Whether it is their mistake or not, I am describing a kind of reality in which teenagers and even guys in their early 20s tend to have difficulties controlling their egos and their hormones, and so I am not blaming them for challenges that a lot of young folks have in regards to saving themselves from themselves.

 
Perhaps young blood has it's own perspective of looking at things. They think whatever they are doing is right, but credit goes to 'time' that teaches everyone of us a lesson that change our perspective towards life and that's what is called as maturity.  

 

If we are older, we likely have gone through that and seen others going through some of the same, and surely we know that there are differing personalities and some folks can handle (and control themselves) better than others.  Some folks are overly risky and some are overly conservative.

I am not suggesting that human nature has to be changed, yet many of us know that there are guys who figure out how to manage their demons better than other guys in regards to making sure that they don't end up recking themselves too early in life, and surely there are guys who have more resources and they can afford to fuck up hundreds of times and receive bailouts.. and other folks might not have too many ways of being rescued, so there are inequalities in terms of the challenges an the resources that any guy is going to start out with..

I have seen cases in my circle that kids that are born in rich business families are now rich as adult just because there father left enough for them in business that even after fucking up business twice they have capital to stand up. Of course if you are born in such families then you have different fortune but not everyone of us has that much liberty.

 

For sure.  Some folks  don't have very much room to screw up as compared with others, and surely we do not always recognize what resources that we might have and we might not always be able to make sure that we create cash cushions for ourselves in the event that we don't have mommy/daddy to bail us out.

Of course with bitcoin, there can be guys with all kinds of screwed up parts in their lives, but if they are young, they still have time on their side, so maybe with bitcoin they can find ways to just figure out ways to prioritize bitcoin in such a way that involves something like a mere $10 per week, while they also are sorting out other aspects of their lives, and perhaps it takes several years to get other matters sorted out and in the meantime they are at least building $10 per week in bitcoin, and a couple years down the road, they have put bitcoin accumulation systems in place for so long, they are able to then increase their weekly allocations into bitcoin or otherwise start to dedicate more time and energies into bitcoin.. and the process of both getting started in bitcoin and building enough of a comfort level might take a bit of time, especially when some guys might have a lot more challenges in their own particular circumstances...   

It solely someone own decision that whether he is going to invest in Bitcoin or he will prefer fixing other aspects of life. Only that guy will start investing in Bitcoin who understand what Bitcoin is and what's the benefit of investing in Bitcoin. Moreover the person who is sensible enough to think about his future will look for opportunities around him and that's where he will figure out the Bitcoin.

 

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.  It likely takes more work and organization for those with fewer resources to establish strong systems in which they can build wealth, and surely there are still a whole hell of a lot of rich (and well to do) people who do not recognize and/or appreciate the power of bitcoin, so it could end up being that some poor guy spends from here and the next 15 years building up his bitcoin stash, and maybe he gets his stack up to 0.63 BTC, yet in 15 years, maybe bitcoin ends up being $10 million per coin or more (and maybe a bottom price - a 200-WMA- of $1.5 million).. and so sure, he does not have a whole hell of a lot of bitcoin in today's terms, but in future terms he may well ended up putting himself in quite a good financial (and psychological) situation, even though he had to work his ass off and focus through the 15 years, and I am not even saying that he cannot have fun along the way, since there still may well be needs to have fun, and even to go out and socialize, but he might find some hobbies that don't cost him any (or much) money and he can maybe get exercise during his socializing and maybe a good meal and maybe meet members of the opposite sex.. or whatever it is that he is trying to achieve during the times that he is building his BTC stash, while still remaining focused on building his BTC wealth and his cashflow management systems.

And so maybe this guy has some very wealthy friends, who did not buy much if any bitcoin during the 15 years that he was stacking sats, and he knows that his wealthy friends could have had stacked 20x more than him, but they ended up not stacking much if any, so then by the time that they are getting started, he already had 15 years stacking sats and having had started in 2022, 2023 or 2024...and yeah, maybe he wealthy friends might still have a chance of catching up, and maybe they won't be able to catch up without some stupendous sacrifices that they might not be willing to do...and yeah, none of the positive results are guaranteed to play out, though we might say that not trying might bring more certain likelihoods of failing rather than setting a path and trying to put into place some good and strong systems.

And, by the way, I am not ONLY picking on young people because there can also be older people who still have not recovered from their screwed up youth, and so guys might be in the 30s or 40s and still have not gotten anywhere in terms of building up any kinds of savings and/or investments.. so they also might get lured into get rich quick nonsense, trading and/or trying to take short cuts in order to make up for their screw ups in the past, which probably if they are engaging in those kinds of behaviors they are likely just repeating their same screw ups, so they likely need to get into an investment mindset into bitcoin, even if they are ONLY able to start out with $10 per week while they get other parts of their life in order so that they might be able to increase their weekly investment into bitcoin up to $100 and beyond.. which surely also includes an investment of time and energies into bitcoin too.. but the financial component should be able to be started as soon as possible and to learn along the way.. and yeah, it is still early for anyone who is wanting to get their shit together and build into bitcoin for 4-10 years or longer.

Those who are in there 30s and still not investing in anything for future will suffer with passage of time. We can give leverage to a person who is 35 years old but anyone that is beyond 35 should have some kind of investment plan with him, preferably in Bitcoin. Because if you start investing into Bitcoin as late as you are 35 years old then in next 10 years there is bright chance that you have a good Bitcoin portfolio. We have discussed this so many times that one can start with 10$ and with time as he learns more about Bitcoin he can increase his investment to whatever suits him. But the main thing is one must start from somewhere. Now we have so much data available about bitcoin that clearly indicates how beneficial Bitcoin is over a period of time.  

For sure guys that start investing at a younger age are going to have advantages with the ability to use time to their advantage, and surely sometimes there are guys who get to their 50s and they have not really built any investment portfolio, so it becomes even more difficult for guys who are older to build as much value or to benefit as much from the compounding effect... The compounding effect in bitcoin has much better chances of playing out when guys figure out how to employ good ways to secure their bitcoin in ways that they are not going to end up getting rug pulled by some third party (such as an exchange), so we likely have to figure out how to store our BTC without overly risking losing our large portions of our BTC stash... and it seems to me that it would be a good idea that guys just have to figure out some good self-storage practices for something like 90% of their BTC stash...and even if they don't need to arrange their private storage in the beginning, it seems that private storage will be something that they should include as part of their attempts to employ best practices.

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.

That's what I am saying..  You just flip flopped.

Though  everyone is entitle to decide when to invest and when not to invest it actually depends on your choice,

Sure it depends on your choice, but a lot of people end up with the wrong choice, and  part of the reason that we ONLY have around 1% of the world's population invested into bitcoin is because 99% of the world has either refused to buy or they are waiting or perhaps they did not hear about bitcoin.

It seems to me that if you heard about bitcoin, then you should be buying until you have enough or more than enough...but hey you are correct people can do what they like and they can also live with the consequences of doing what they like.  No one is going to cry for them later down the road (or bail them out) if they failed/refused to buy bitcoin even though they knew about it.

for me I don't think if there's any perfect time to invest in bitcoin as long as DCA method is involved.

There might not be a perfect time, but you still have to get started.

You have been registered on the forum for almost 6 months, so did you get started 6 months ago or earlier, because if you did then that probably was good, and sure sometimes we might have to get some of our finances together so we have to figure out how much we are able to invest into bitcoin, since we likely don't want to invest too little, and surely we would not want to invest too much if we might have some regular monthly expenses that we need to manage.

if you're waiting for a dip in the price, probably you will just wake up one day to discover a deep increase in the value. at this point what will you say then, are you still going to keep  procrastinating?

That waiting strategy screws up a lot of bitcoin newbies, but it even screws up other bitcoiners who have not yet reached a status of overaccumulation, which is most people as I already mentioned.

I don't mean to force anyone whose mind is already made up, of course if you  choose not to invest due to the high increase in the value is fine  as long as you're making the right decision for yourself.

You don't have to force anyone.  Each person has to figure it out for themselves, and if they are a low coiner or a no coiner, then they should buy or at least get started to figure out where to source coins and also figure out their discretionary income.  Sure, people can choose what they like and include choosing NOT to  do anything and waiting or just failing to act..  and sure that is their choice.  if they are too  confused about bitcoin and they are not sure, then maybe they have to do a bit of looking into the matter so that they can get started rather than either waiting or not doing anything  or even being solely focused on BTC price when BTC price is ONLY 1 out of 9 individual factors that they should be attempting to figure out.

Seeing bitcoin increasing in value it shows it is an asset to invest in that has good potential for profit.  Their are some cryptocurrencies that their prices are not increasing,  it is very risky to invest in coins like this. The increase of bitcoin price shows how bitcoin is valuable in the market than every other cryptocurrencies.

Bitcoin is valuable not just because it keeps increasing. There are times when the price of Bitcoin falls for a long time. But as long as the technology behind it and the trust in it remains, these bear market periods will pass and Bitcoin will rise again. The reason people trust Bitcoin is that it cannot be manipulated like other currencies, it cannot be printed out of thin air, and it acts according to predetermined rules. What really makes Bitcoin valuable is the mathematics behind it and the set of rules that have been thought, pondered and perfected over many years.

Yeap, Bitcoin is Valuable because it has volatiles which follow a specific cycle as you mentioned the bear and the bull and wise people's are taking full benefit of it.

Btw in my personal opinion, I think there is one big fact here that's is why bitcoin is valuable and the reason is it is limited to only 21million for whole 8 billion peoples and the upcoming.

Many people wonder why the price of Bitcoin exceeds the previous ATH price every bull season, here is the simple answer. Every year millions of people are coming to the world I mean are being born  , and if we think a little more, every year technology is reaching new people, and at the same time new people are also wanting to know and adopting Bitcoin, and for being limited it increased the demand, And the bull season creates a much higher all-time high price than the previous bull season.  And this makes bitcoin more Valuable .

You are correct in what you are saying, yet it seems  in recent time, perhaps even the past 6 months or so, there have been more and more players hoarding coins that might relate to regular people, yet it more likely relates to people who have access to the ETFs, governments, institutions and status quo rich people.. so sure there is regular adoption too.. yet I think that a lot of normies are procrastinating in their accumulation of bitcoin, even though sure there are some normies getting involved too..but many of the normies are going to end up having to pay much higher prices than today's prices because there are a lot of BIG players coming to bitcoin in recent times..

[Cryptmuster]

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