A lady friend, stunned by the brilliance of DCAing. - page 2.

Dunamisx

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Quote from: DiMarxist on July 18, 2024, 07:19:50 PM

If anyone is arguing like that then she is an ignorant of bitcoin

That's true, I've also pictured it that when we are used to a particular thing or pattern in life, we see others as irrelevant without knowing that we are too comfortable with the way of doing things as of old, in this generation, things are changing fast, there is nothing as din terms of investment that can be as profitable than what bitcoin could offer its investors, though there are many ways to make money or earn profits, but that of bitcoin now turns a unique one among many other investments.

DiMarxist

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If anyone is arguing like that then she is an ignorant of bitcoin because it is only those who don't know ow anything about bitcoin would argue that way. And if anyone wants to invest in bitcoin, it is good to invest in the time when bitcoin is down and not when the price is still high. Even the DCA is good when the price is down so that the person will make profit from the investment.
Many people don't even understand the usage of DCA. DCA is when you don't have enough money to invest at one and you are worker so you can invest little by little either monthly.or weekly.and not to invest when the price of Bitcoin is very high. The. When do you think you sell again. You keep hodling from the time you bought them when the price was high till the market reach the dip, and you still hodling till the market rise again to bull run.
That is wrong investment plan. Good investment plan starts from the dip and when the price enter into the Bull Market, you sell. Most of you are not even using the DCA but just calling it because reputable members are calling it. Don't misuse the DCA but use it at the appropriate time.

Mr.right85

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Quote from: GiftedMAN on July 18, 2024, 04:33:28 PM

Quote from: SatoPrincess on July 18, 2024, 02:00:05 PM

Quote from: Outhue on July 18, 2024, 11:01:21 AM

In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.

How did we get here? You obviously skipped the part of the OP where it said she spends money to look good to attract both male and female clients. So it’s already been established that the lady has a job/career though we do not know what that is. In some jobs appearance can be very important, in others not so much.

@SatoPrincess, please don't take it too personal because I think@Outhue did not get the side where the op pointed out the reasons why the lady in question prefers to look good to attract both her male and female clients.

The male attraction part definitely would come with some criticism as my dirty mind is right now pushing towards the negative, the pimp version and all that but hey, men do this business as well and what better way than to look it and have clients wishing to shop the look from your menu. Although, some clients will always want it exclusive but, you don’t get all the strategy in the bag do you.

Maybe it’s just when we are in this forum but, it’s very important that you have other streams of income or own a good business and investing in beauty product isn’t a bad business at the moment. Everyone wants to look good eventually and most especially, women. I’m fact, you would want your woman to lol good else, I wonder what kind of a man you would be. Where else will you be getting those beauty products if not from entrepreneurs like referred in the OP.

Still, it ain’t a bad idea to invest in an abstract Bitcoin as it seems to differ from all that existed before it and a lot that is coming after it. It’s a promising innovation and getting on it seems like a wise choice.

EL MOHA

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Quote from: knowngunman on July 18, 2024, 08:46:07 AM

The best advice here is to allow her go for what she thinks would be more better for her. For some of us here, we know the potential of bitcoin and the risks it poses already but people like her will have a different approach to it at this time.

From your post you made it clear you don’t have time and you are likely also not ready to be responsible for whatever that will happen aftermath. Investing in bitcoin is not for everyone and we shouldn’t try to convince them by all means. She has plan for real estate, let her works toward it to avoid putting blame on you later.

I agree with you that everyone should be allowed to choose their investment decisions, I am one of those people that don’t fancy giving out investment advice mostly especially on volatile assets like bitcoin or even Altcoins. Giving such advice simply means you are committing yourself that what ever comes out of the market you wouldn’t abandon Tbilisi investor there.

But regardless of this I wouldn’t recommend someone with low income or capital to dive into real estate because it requires more investment but OP needs to somehow takes a little more responsibility by helping the lady in question in the necessary things needed or his raw information could led her to been scammed. It is a two way something it is either you guide someone fully into cryptocurrency or you totally let them be.

Issa56

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

A lady argues that an investment in the purchase of expensive hairs like extensions, attachments and weavons, just to look good for men and women alike to patronize her, pays better than either a long or short term investment in any kind of cryptocurrency mostly bitcoin considering the price of Bitcoin currently and the fact that she might be too careless to secure any investment in cryptocurrency.

Not everyone really knows about bitcoin, some people do hear about it, but they don’t really know how it works. Investment in expensive hair might be more profitable than investing in bitcoin for a short period of time, because I don’t also encourage people to invest in bitcoin for a short period of time. But if your investment is for a long time, then it shouldn’t be compared with investing in expensive hair.

Why I don’t really encourage short term investment is that the bitcoin price might not have pumped when you want to sell. Don’t be surprised that you might be at a loss if you want to sell, but if you need a maximum profit, then hold for the long term.

Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

This way, she would not have to wait until she has a larger amount saved up to benefit from the current market growth expected from Bitcoin bull run and staying true to accumulating with DCA strategy over 5 years to a decade.

I don’t think we need a big amount of money before we can invest in bitcoin, even with a small amount of money, we can do that. If you are waiting to get a huge amount of money before investing, then you might end up missing out.

GiftedMAN

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Quote from: SatoPrincess on July 18, 2024, 02:00:05 PM

Quote from: Outhue on July 18, 2024, 11:01:21 AM

In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.

How did we get here? You obviously skipped the part of the OP where it said she spends money to look good to attract both male and female clients. So it’s already been established that the lady has a job/career though we do not know what that is. In some jobs appearance can be very important, in others not so much. First impressions leave a lasting mark on our relationships with people and professionals in sales know this and use it as a strategy. Not just women, men too.

@SatoPrincess, please don't take it too personal because I think@Outhue did not get the side where the op pointed out the reasons why the lady in question prefers to look good to attract both her male and female clients. Firstly I think any one who's interested in investing in anything business would consider having a stable source of income before thinking about investment and if using the amount you have to take good care of your self as a lady will attract more customers to you then I don't think the lady would even consider choosing bitcoin investment when she can take care of her self and get her clients to seal a deal that would give her funds that she can use to invest with in the future. Looking classy is a good business cause it helps to attract more customers to you depending on your kind of jobs though.

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

A lady argues that an investment in the purchase of expensive hairs like extensions, attachments and weavons, just to look good for men and women alike to patronize her, pays better than either a long or short term investment in any kind of cryptocurrency mostly bitcoin considering the price of Bitcoin currently and the fact that she might be too careless to secure any investment in cryptocurrency.

If this is what she depend on for daily income then I think it something she has to stick to. It is a good thing for you to introduce bitcoin to her which you also need to make her understand that bitcoin is longterm investment which she can use the DCA method to accumulate bitcoin. The price of bitcoin is not a problem for new investors, buying bitcoin at its current price can still yield good profit if one habr good patience to hodl.
Bit it will be really good if you make her to have good understanding about bitcoin investment, she shouldn't think it will make her to gain profit very quickly. If their is better understanding of bitcoin it is possible for her to succeed very well investing bitcoin.

Hatchy

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

What's your best advice?

She doesn't actually need much to help her accumulate Bitcoins through the dca method. If she is ready to invest you can give her the little knowledge you can to help her get started. Then she can carry out more research about Bitcoin, wallets and how to keep her investment secured. That's all she needs. Gradually she can then add up her investment through the dca. But what ever you do, make sure to tell her about the volatility of the market. That's because I've heard of situations where someone introduces someone to Bitcoin and then when the market experience some dip, they start pointing fingers and blaming you or even accusing you of scamming them.

Doan9269

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

A lady argues that an investment in the purchase of expensive hairs like extensions, attachments and weavons, just to look good for men and women alike to patronize her, pays better than either a long or short term investment in any kind of cryptocurrency mostly bitcoin considering the price of Bitcoin currently and the fact that she might be too careless to secure any investment in cryptocurrency.

Maybe she have to consider the safety first for all of these assets of investment and the elasticity of its market demands before drawing on a conclusion about them, quite alright we may be doing a business which is fast moving and selling well, but all these may be on season and we don't know if they may still be invoke for long, we also can consider their physical handling and the associated risk as one of the way it could pose a danger to investors, fire, thief, or rough handling could turn everything round about to lose, there is no security measure against all these, like we could do with our bitcoin asset on the blockchain.

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?

You mean a crypto wallet, not account, a crypto account is in a centralized platform and it is never safe to keep your coins in a custodial wallet. If this woman you are talking about wants to buy bitcoin, she has to learn about bitcoin herself, if she has to depend on other people to secure her money for her, she might lose it. The simple answer is that she should not buy bitcoin until she understands it and is ready to be responsible for her security.

SatoPrincess

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Quote from: Outhue on July 18, 2024, 11:01:21 AM

In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.

How did we get here? You obviously skipped the part of the OP where it said she spends money to look good to attract both male and female clients. So it’s already been established that the lady has a job/career though we do not know what that is. In some jobs appearance can be very important, in others not so much. First impressions leave a lasting mark on our relationships with people and professionals in sales know this and use it as a strategy. Not just women, men too.

Davidvictorson

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!

You did well with your analogy of DCA. I'm pretty sure she left the conversation with a better understanding of the concept. However, why not send her some crypto resources to either read or watch. You don't want to be in a position where she'll blame you for cajoling her to invest in Bitcoin without knowing enough about in especially if the market price falls. If possible, introduce her to the forum where she can ask and have all her questions answered.

Kelward

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Investment doesn't stop anybody from looking good, a lady can spend money to take care of herself to look beautiful and invests some of her money. This is why it's important for income earners to have budget for their expenditures, they will prioritize their needs according to their importance. If buying beauty products is of a higher priority to her, it's her money, and she can choose to invest some of it in Bitcoin.

Bitcoin is one of the best investments that anybody can go into, you don't need to buy 1 Bitcoin before starting. You can do DCA method and grow your funds to as many Bitcoin over a long period of time. Since the OP has started by telling the lady about Bitcoin DCA method to start her investment, he can find time to guide her through if she's interested or direct her to helpful sites to learn about Bitcoin.

Hewlet

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

she was stunned at the brilliance, but then who would help her set up a crypto account and help with securing and ensuring she complies with the DCA strategy of investment?
This is the question she needs clarification on because I for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.

If you can create the chance to talk her into considering investing in crypto using the DCA method, what's the big deal if you give out a small fraction of your time in showing her how to create a simple wallet that she will use in buying her crypto?

And maybe you should become specific with your choice of words when you advise her to DCA crypto as against her other choice of asset. You should give her the core detail that she needs to DCA BITCOIN and not just crypto so she doesn't just go on to stack the wrong coin thinking it's certainly going to be profitable for her.

For most ladies that are into buying wear and fashionable stuff, you have to be careful while introducing them into an investment as Bitcoin is best looked at from a long-term point of view. It's not all of them that will be patient enough to continue HODling their asset for the required number of years so it would be better that if you've looked at her and noticed she's that type, you let her be and don't ever force her into getting into an asset she's not all that interested in.

Richbased

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Quote from: Zlantann on July 18, 2024, 07:56:25 AM

Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.

What's your best advice?

Your opinions are welcomed!

You don't need so much time to teach her the basics of Bitcoin accumulation. The process of setting up a wallet and buying Bitcoin from exchanges is straightforward. It took me less than an hour to teach a relative about wallets and she understood the process perfectly. Just sacrifice a few hours to educate her about the process and refer her to reputable YouTube channels where she can watch educational videos. Many good materials on the internet can help her gain more knowledge without your assistance.

Sure setting up a wallet isn't that difficult or stressful but about buying Bitcoin from exchanges needs thorough study in order for her not to make mistakes because i recalled when I started making use of exchanges, despite several times I was thought on how to go about it, I still found it difficult but what helped me was YouTube channels just like you suggested. Watching YouTube videos and understanding the step by step on how to buy Bitcoin with Fiat. Though it's depends on individual as some people can smartly capture the whole process immediately.

Quote

I also suggest that you expose her to the types of wallets and how to secure them. She also needs to know that Bitcoin is a volatile asset, hence nothing is certain. Allow her to always reach you to ask questions or to seek clarifications.

Exposing her to the type of wallets may be too early, I think what she ought to know at that stage is how to secure her seed phrases then it's also important for her to understand Bitcoin volatility so that she won't feel misled if she starts experiencing such then as time goes he can be putting her through on other things she needs to know so it's not something to rush.

SatoPrincess

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Not to be defensive but I don’t think it is wrong to dress or look good especially if she works in a place where physical appearance is a major factor in her closing deals. That being said, I applaud you for educating your friend on the importance of having investments. Her concerns are

You can recommend Andreas Antonopoulos YouTube videos to her so she can watch and learn about what she is investing in. I strongly advise against you creating a exchange account or wallet for someone because you will be doing them more harm than good. When introducing a newbie to Bitcoin, do not forget to teach them the importance of self custody.

Outhue

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I knew two types of female friends that are into crypto investment.

Let's call my first friend Anu, I've knew her since Bitcoin was launched into the spotlight back in 2010 and as a religious person she is she doesn't care about men at all, she was one of the few that started very early with Bitcoin investment, till date she is doing well for herself, and she is married now.

The second friend likes investing as well but she spend most of her money on her body, always worrying about how men should found her attractive, but true be told, she is now a single mother, she invest in Bitcoin too but not a big fan like how Anu handled her investment, the little Bitcoin my second friend has was like forced on her to make the decision since we are all friends.

In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.

Findingnemo

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Quote from: Cryptomultiplier on July 18, 2024, 07:28:11 AM

but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.

Setting up a wallet is not rocket science, at first it may seem too much for a non techie but it's just simple and anyone who is capable of operating a smartphone won't be facing difficulties with maintaining a wallet but once the accumulated funds reaches certain range like 5K or whatever that is too big to hold on hot wallet then it's time for her to move to cold storage.

The best thing you can do is just introduce her to bitcointalk and she will learn things over time.

Smartvirus

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Some people have the vague idea that Bitcoin is over priced and as such, it’s not affordable to the common people.
Another problem is that, it’s a digital currency, exists on the web and as such, it ain’t real or is supposedly not going to be around for too long.
Some others don’t give it much attention because, the government don’t and as such, it’s bound to be taken down some day.

Well the truth is,
What builds the wealth of the rich is dating to take risk in the midst of uncertainties. It doesn’t mean that you don’t get to evaluate what is before you but, you ensure to do that and be optimistic in the opportunities you find.

I wouldn’t talk down on the lady’s choice of an investment, in fact, I’ll encourage here to be purposefully in what she does and she would get better.
Then, I’ll tell her what I tend to know of Bitcoin without bringing her now business into contrast, maybe encourage her to make little investments in it when she actually can from her spa or cash and use holding for a strategy.

_act_

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Quote from: Solosanz on July 18, 2024, 09:00:25 AM

Women need to get married faster than men because 40 years old women is really risky to give a birth, this make women need to be pretty in order to attract men, pretty women high likely will get married by rich men.

Women taking care of themselves does not mean they are very pretty. Also how about women that are not very pretty? There a lot of women that are getting married at young age if they are lucky and also use their sense.

Quote from: Solosanz on July 18, 2024, 09:00:25 AM

Rich men can provide many thing to you, so women don't have to invest for long term purpose.

Yes but some women are also rich. It is possible that the a woman can be able to afford to take good care of herself and also be able to invest in bitcoin. It is also not good to be 100% financially dependent on a man.

Quote from: Solosanz on July 18, 2024, 09:00:25 AM

However, to answer your question, it's better to not being involved with her or anyone else when it comes to financial.

Why not? Just let her know how risky crypto is. The bull and bear market. Possibility of using small amount of money to invest on crypto assets. How bitcoin remain less volatile and the best coin to go for. Also how many coins are scam and worthless.

Topic: A lady friend, stunned by the brilliance of DCAing. - page 2. (Read 428 times)