Topic: Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving. - page 4. (Read 1446 times)

actually you can use bitcoin as an investment same as savings for your college expenses since this will take time before happening , and yes I also use this  method/strategy now .

Though I make sure that there will be enough funds for my eldest son when he enters college yet the bitcoin savings will be for my second and third children.

I know that it maybe risky but me and my wife is willing to take that chance and will give us at least another 4 years before that time comes and we believe in Bitcoin that  will make this possible and surely will make us richer then.

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OP you might know that Halving is near to come and we need more money to invest but lets not tell others to provide from what they can afford to lose.

if people can manage to put all their money before halving then that is perfect but we must always have a plan B , because though it never happened before but what if this halving we go sideways?

sorry for not trusting 100% buyt i am just being realistic in life.

Not a bad idea, but don't buy bitcoin just for the "next" halving. What makes you think that the price of bitcoin is going to go up because of the halving? Crypto currency prices are unpredictable. Don't invest based on the events. Invest only if you can afford to invest. Invest if you are willing to hold long term and be committed for lets say two or three years. Yes, the price do go up due to up before and during the halving (and because of the hype..), but you shouldn't be risking your money like this. Yeah, you can if you have money that you can afford to lose. Instead, focus on investing some amount of savings that you won't need and keep investing as long as you can. Halving or not, just keep investing.
And what if the price goes even higher than the $30k you mentioned? Wouldn't it be too late to buy? That's why, don't wait for the price to fall or rise. Just invest if you can, sit back and relax.

It is because of circumstances like this that i encourage people especially those new to this cryptographic world, to educate themselve.. To learn about everything related to bitcoin since it came to light for the first time, since it is something unique that can prevent procrastination to make strategic movements in the most important events of this asset, i understand that terror invades since most do not like to lose and it is a normal feeling in human beings but in situations like the ones that are about to occur is when you have to make decisions and leave the comfort zone in which many take refuge, this is an opportunity that occurs every 4 years, how could it be missed? it is the best time to experiment and shoot to win. If we never dare to make this type of play we will never know if it was the right thing to do.

You come off as wee bit ill-informed blckhawk.

Part of the nature of an investment into bitcoin is that it is an asymmetric bet to the upside, so if you put in $1k, the most that you are going to lose is $1k.  You can be as aggressive or whimpy as you like in terms of the amount that you invest, but if you go overboard, and become overly aggressive, then you may well end up recking yourself.  Also, if you are overly whimpy, then it may take a long time (if ever) for the amount that you invested to become a meaningful amount, and of course, there are no guarantees that you are either going to profit stupendously or that bitcoin might not end up going to zero... even though if you study bitcoin for a bit, you likely will realize that bitcoin's investment thesis is pretty damned strong since it is a paradigm shifting asset class that is likely facilitating and going to continue to facilitate the greatest peaceful wealth transfer in history.... for those who are so bold to get some bitcoin, in case it catches on.

So each person is responsible for their own decisions regarding whether to invest into bitcoin and how much to invest into bitcoin in accordance with their own individual circumstances, and also it likely would be better to learn about bitcoin too, but surely there are a lot of people who invest into bitcoin but really don't even know anything about bitcoin except for the belief that it is number go up (NGU) technology.


That's true.. the halvening is too short of a timeline... and even in the longer term we cannot completely know that bitcoin will end up going up, even though if you study into bitcoin and try to identify and figure out what it is, then you likely realize that bitcoin has a pretty damned strong investment thesis.. and so part of the prudence of investing into it, is that sure, you could lose everything that you invested, but at the same time, there are various scenarios in which pretty high payoffs could play out in relatively short periods of time,


....and perhaps BTC's value is around 1,000x or higher than gold, but it could take 100 or 200 years to reach such prices, even if it were to happen, or it could happen more quickly.. but there are too many unknowns in terms of trying to figure out specifics, even if we might realize that there are ongoing and continuous upwards pressures upon BTC prices... which have to do with what it is, which is the strongest and most sound money ever created/discovered (up until now). .. and if you look at the situation, there is nothing that we can see that is likely even close to a competitor to bitcoin currently or likely to happen, since there is a need for a 10x improvement in order to kick out the incumbent, and bitcoin is way better than a 10x improvement in any system that it is replacing, too.

There is no solid evidence that bitcoin will increase in price after the halving, whether it happens immediately or after a while. It is true that in the past, bitcoin has always increased after the halving, but there is no guarantee that things will repeat in the future. If bitcoin is sure to go up in price and everyone knows about it, won't we all get rich easily? Everything is just our expectations and predictions, so there is still a risk if we focus too much on halving. I agree with what Z-tight said, bitcoin is a long term investment, and it always returns when you hold it long term.
Don't speculate about the halving, it's like gambling.

Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.

Of course, if you are either currently in profits or you are in profits in the future, then you have more options, and you feel better about your holding bitcoin, but still, there is no guarantee that you will ever be in profits, even though the odds for your being in profits are greater once you are already in profits.

Whether I am stating the obvious or not, there are a lot of ways to measure how much of a gain that you are getting out of having bitcoin as one of your options, and historically, those people who have been able to mostly error on the side of accumulating bitcoin and holding onto their bitcoin have tended to have done a lot better than those people who have cashed out of bitcoin.. especially if they are cashing out large portions of your bitcoin.

Another thing is that it makes a pretty big difference if you have built up less than a year of an investment portfolio versus if you have built up an investment portfolio that has a value that is somewhere in the 20-30 years worth of your cost of living.  You have way more options in the second case, so it may well not really matter very much (or make much of a difference) in your life if you are fucking around too much and counting profits in regards to having ONLY a small investment portfolio, such as one that is less than one year of your income, and it can take a decently long time to get your investment portfolio to the size of 20-30 years of your income..

....so for example, if you spend 10 years saving and investing 10% of your salary, then maybe in 10 years you have invested/saved a whole years worth of income.. but you also might have to count on the value of your investment sufficiently increasing in order to keep up with the cost of living increases.. so that creates another challenge in regards to where you put your investment portfolio value and how such investment portfolio ends up performing - including that if you might end up spending 10 years to 30 years really getting to a place in which you have figured out how to balance your investment portfolio and that maybe the value of your investment portfolio can start to compound upon itself in order to perhaps start to do some of the work for you in terms of gaining in value, but at the same time, you have to consider both gaining in value, as well as making sure that you are not taking too many risks of losing your principle because you are trying to rush the compounding in value process.

No one can tell you exactly how to strike those kinds of balances, and the extent to which moving your value around whether that is from bitcoin into dollars or into other kinds of assets is going to bring the right kinds of balances in order to keep your investment portfolio growing sufficiently well in order that it's value gets you to a place in which you feel that you are building up a sufficient quantity of adequate options...

and none of it is guaranteed... even though many of us believe that building a bitcoin portfolio is good and keeping a certain amount of ongoing value in bitcoin is good too.. and some of us are not considering cashing out into dollars or anything else except perhaps in small kinds of ways rather than BIGGER kinds of ways that might end up putting us into too many dollars and not enough bitcoin...

So where is your balance?  The answer now is likely going to be different than it is at various points down the road as maybe each of us has to tweak our BTC (and other forms of wealth) accumulation, maintenance and liquidation plans at various points during our journeys.

I believe in the scenario that the only time I should completely be feeling worried or calculating losses in any amount that I have invested in Bitcoin is when I have completely sold out my holdings at a price lower than what I initially purchased them at.

Economically, when the price of goods purchased is no longer valued up to the price at the time of purchase, losses will immediately be recorded. But in times of Bitcoin investment, I feel otherwise. It's only when I have one person succeed in selling their holdings because of the fear of price uncertainty. That loss should be recorded, provided that the Bitcoin is still held without a SAT being removed. I believe the chances of it getting back to the price at the time of purchase and doing 2X are higher than what it will take for it to completely liquidate.

It may not mean that the price will rise right away, but at least it means that we are going to do fine, and that matters, that difference matters. Also maybe it will not go up right away, but it will certainly go up after a while and that means good things. Bitcoin price always goes up after the halving, that has been the case so many times in a row now and I do not think that it will change anytime soon neither, we are going to keep seeing that happen one way or another.

This is why it's quite important to see that type of difference, it matters and we should care about it. It's a difficult thing to trust the future, I know that, but at the end of the day at least trust the past and how it has been after each halving.

many people always in doubt and then they lost opportunity. when the price of bitcoin fall they afraid to buy because they think it maybe fall deeper also they afraid to buy when the price rise because they think it is too expensive for them. for people who always in doubt to buy, I think it will be good if they do DCA. at least they will not lost their fiat money value, the longer they procrastinating the more their fiat money value will decrease because of inflation. it is always better to become early bitcoin holder, also it will be better if they have good strategy.

I am putting every drop of my excess money into Bitcoin and trying to keep it till the next halving,
Hoping that this could be another one to create a new ATH or even just be close to the current ATH price.
I want to accumulate as early as possible before it starts to fly high again, and I know that we would see so many insane speculation about the price again when it starts to go high in an insane speed.

Great point, and I kind of see myself procrastinating since can't really manage my budget to get an amount of money and invest until the halving comes and even when I can, I always end up pouring it out elsewhere. Budget problems and a bit of hesitation can really be a killer since I'm postponing my investment yet I know I should do it as soon as possible. Since my company is a startup I can't really be that confident so I have to wait for a time in which I know I will have an amount to invest.

I mean, it is never too late to invest but we should definitely use the advantage of the halving as it will a hundred percent make a big price pump, as it was seen every time it happened in the past. Don't postpone it if you have the resources to do it right now.

We'd all like to believe that after the halving, the price of bitcoin will rocket upwards. Doesn't that sound like a certain method to amass wealth quickly? However, you are correct. Bitcoin is not constructed with pixie dust.

Waiting for a slow cooker dinner to complete cooking after being cut in half is akin to hunger. The market usually doesn't react dramatically or immediately to a mining reward drop of 50%. Making a delicious stew only requires a steady boil

DCA is a brilliant plan. It's the same as when you're cooking and you add things little by little, stir, and wait for the flavour to come together. This strategy isn't really novel, but it has proven effective in the past. And don't forget that you can use Bitcoin for more than just making money. It's a radical shift.

I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits.

Bitcoin is still in its early stage therefore I think the best time to buy is when you have the money. Some people want to wait will the price of Bitcoin get to an all-time low before they buy. Some of them end up mismanaging the funds or even spending them on luxury. Others keep the money in the bank and the money will lose value due to inflation. Keeping money in fixed deposit until the price of Bitcoin goes low might not be helpful in some countries. The price might never go down to the extent one expects so buying now and holding is never a wrong choice regardless of the price.

The word "crypto" is misleading and ambiguous there should always be a clear distinction between Bitcoin and others. If we don't, we might end up misleading people that are not aware of the clear difference between Bitcoin and these shitcoins.

I am also guilty of procrastinating alot and sometimes missing out on opportunities. I really am trying to change that habit and learn to make prompt decisions when necessary.
In the issue of buying btc, there is no point on procrastinating because it will be the best decision you made. History of btc can tell already what to expect and buying to hodl is never a wrong choice.

You are NOT describing procrastination.

If you are lacking in resources or some other aspect (even conviction), and then you delay based on those kinds of reasons, then those kinds of behaviors do not fit within the definition of procrastination.  In order to fit within the definition of procrastination, you have to have the resources and/or all of the necessary items in order to carry out the task (bitcoin buy in this case).


Fuck shitcoins.  We are not talking about shitcoins in this thread.


You tell them that they are 100% responsible for anything that they choose to do, including whether or not to invest into bitcoin and how much to invest into bitcoin.  They have to figure out those kinds of details themselves, including figuring out if they might have had made a mistake by investing into bitcoin without blaming anyone except for themselves for any decisions and/or action that they choose to take, even if they were relying on some person who happens to have had been wrong and/or overly passionate (about bitcoin).


If you say it is a matter of patience, then you are implying that there is some kind of guarantee, and there is not.

The better way to think about the subject of bitcoin investing into the future is that it is a matter of position size, so you take a position based on how probable you believe that the BTC price might go up versus going to zero (or some other scenario(s) in which you do not profit.

So if you place $1,000 into bitcoin, and it goes to zero you have lost $1k, however, there are scenarios in which your $1k could go up to $2k, $5k, $100k, 1,000k or some other amount, so you can weigh the probability of the various possible outcomes to consider how much of a position size (allocation) into bitcoin that you believe would be good for you in case some kind of an UPpity scenario were to take place rather than some other scenario, including a downity or sideways scenario.


Yeah.. but we already know that with bitcoin, you don't need a lot of money.  You ONLY need to have money that is extra (that you can afford to invest) that goes beyond the money you need for expenses, such as eating, lodging, transportation, entertainment, emergency expenses, etc.  Once you figure out that you have $1 extra per week that you can afford to invest, then you can put that $1 per week into bitcoin, and surely it helps to have more, but you can ONLY do what you can in terms of how much money that you are able to generate as being extra that you don't need, and it is likely that having had invested into bitcoin will give more options than if you had chosen not to invest into bitcoin... but of course, since the payoff of investing into bitcoin is not guaranteed, you still have to figure out how much to invest and how aggressive to be in terms of your bitcoin investment, in the event that you have some discretion in regards to the amount that you are able to put in.


Surely some people have tight cashflows at various points in their lives, and then in those cases, it probably would either not be wise to invest into bitcoin or to adjust their position size to a lower amount that is within their budget.


I agree with everything you say here - except that you don't necessarily need to be attempting to play the waves and to sell when it goes up and buy back lower, even though it could be prudent to engage in some kind of BTC portfolio management that involves selling some as the price goes up or at various higher prices in the event that you can recognize higher prices and in the event that you might not end up with fewer BTC because you did not time your sell properly (meaning that you end up selling too much too early).

Another way of thinking about the matter is just buy BTC and continue to buy BTC and perhaps buy more when the price goes down and to buy fewer if you believe that the price is going up too quickly.. but then it is not easy to determine these kinds of matters, even though there are probably ways to continue to buy BTC and then to figure out at what point you have enough BTC or that you have too many BTC.. which makes it easier to sell BTC as the price goes up if you have too many and the quantity of BTC that you are selling is not going to cause you to regret not having them if they BTC price keeps going up after the time that you sold them.


Yeah.. but we are not talking about crypto or shitcoins here, so why do you need to bring up such an amorphous and meaningless concept.  Who the fuck knows what you mean, when you say there is something going on in "crypto?"

The mere fact that others uses such dumb and amorphous terms, including mainstream media and including that uneducated people use such dumb language, does not mean that we should be repeating such meaningless gobbledy gook ways of speaking.   

Hint:  If you are talking about bitcoin, then use the term bitcoin, but if you are talking about something else, then say what you are talking about rather than making some kind of vague reference that does not really have meaning... "I am invested in cryptocurrencies."  That's a meaningless statement that does not tell us what the fuck you are invested into... specify.. what it is that you are talking about so that we have some kind of idea, instead of just spouting out some vague and meaningless reference.

It's never procrastination for everybody, but for some people, it is. According to the OP, it's just a general statement and those who it really concerns would take the advice more seriously.

Just as you have said that there is still time to accumulate before the halving finally comes, that's the excuse some people are using to procrastinate their BTC purchase because they are believing to make money soonest to invest before the time will be over. They fail to realise that the market can just experience a high uptrend any day, and by then they might only be able to buy a few fractions of Bitcoin. I think even if one can invest as little as $5 every week, maybe when they have enough money that they are expecting, they can still buy more as they want.

Excellent. I came to know this word after reading it twice. This is something I am avoiding since 3-4 years now and yes it has benefited me a lot. Same like others here I am so much looking forward to wait for the halving results. I missed the opportunity in two halving processes but this time that’s taken care of. Better to start adding more and more Bitcoins in our wallets.

Preferably start a time lock command through electrum or other preferred wallets thus making sure we do not get the urge of selling out our Bitcoins.

Contrary to what you think, it may not Procrastination that hindering Bitcoin enthusiasts from investing in Bitcoin in preparation for the next halving. As Bitcoin enthusiasts we understand how important and profitable the next halving would be for everyone but them we don't all have it going well for all of us at the same time. And we have our different schedules and plans on how to invest in Bitcoin prior to that time. The halving is still many months away and there is still enough time for anyone who wants to get it to get it. Even so called procrastinators can have a rethink.