Topic: Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving. - page 5. (Read 1446 times)

Procrastination is one thing that can not be separate with human especially when you lack the knowledge. In the case of crypto, lack of knowledge is what result to procrastion. Most of people who have little or no knowledge about crypto misunderstand crypto with ponzi which to them might eventually runaway with their funds. Considering how hard it is now to make money, procrastination is expected when you hear something you lack it's knowledge and how it works.

Spreading knowledge about how Bitcoin works is more important than talking about it benefits. It's that benefit that we emphasize on the reason why they are procrastinating and doubting it genuinely. It's important to accumulate bitcoin as fast as you can before the halving.

I mean it's not just procrastination, I think most people or investors' problem is they just doesnt have enough money to invest yet. They think that they need a big amount of money to start investing I think. I already know Bitcoin when the market price was just around 400$  but at the time I was just a student so I just can't afford Bitcoin at that time but if I do have money probably I'm going to invest it in Bitcoin at that time.

I guess what they don't realize is if they could start buying at a very low amount of Bitcoin, they could easily accumulate Bitcoin over time by buying a small amount of Bitcoin similar to dollar cost averaging, You are right, Bitcoin halving is an important event on Bitcoin and probably they are the event that could trigger the Bullrun meaning you need to position your self on the market while it's still early, If you position your self early you have a lot more room for a higher profit, that means you could easily HODL your Bitcoin on to the top with just a little risk, since you could easily sell when the market price drop because its still a profit anyway because you bought at the bottom.

They did not make a profit because they bought after the main event, but that does not mean they won't be able to make a profit in times to come. One good thing about holding before the event is that you never really know the exact time that the event will take place or how long it will take after the event before the coin price will move up.

After a successful positive price movement to a New ATH, those who purchase it with the hope of getting a profit in the next move are always left with the option of holding until how long it might take the coin to break the limit where it was when they made their purchase, or they sell off and record some losses (not advisable). Provided that Bitcoin is the purchased coin, there is always some possibility that the price will double in the near future; it's just a matter of patience.
 

How do you think this is good? Buying and holding coins has nothing to do with little people buying turning out to be in favor of investors; in fact,  I see it profiting when there is a lot of demand, where there will be lots of people buying it, which might likely increase the price to a new level.

As I will advise, when one hears about things firstly you do your research and decide on the best amount you can invest, so that people may not necessarily be procrastinating but doing their research into what they are investing their money in, if we tell a new investor to invest and wait till the next halving to have more profit and it doesn't happen what to tell then

good topic for discussion. According to my observations, my friends always bought cryptocurrency after the main event, that is, they did not want to prepare and spend time on their own training, which is why they do not receive the profit they need, because at the initial stages they were lazy.On the one hand, this is even better, as there is less competition between earlier investors.

But situation make people to procrastinate things that they can do in the shortest period. Procrastination is not good but when you don't have the resources to execute the project what will you, won't you postpone it? And all fingers are not equal so people must procrastinate things to the future to do when they have the resources. I don't think someone with the right sense and have all the required resources in his house and yet he is Procrastinating the project then something is wrong with the person.

If I have money to buy bitcoin instant I won't procrastinate in it but whereby I don't have the money at the moment then procrastination will definitely come to stage.

Definitely, such people who can't make up their minds when to buy will be left behind. I dare say that anyone who has this type of mindset isn't an investor but an opportunist who is waiting for the slightest sight of bull to cash out. That's if they eventually buy in. If anyone with such a mindset is reading this thread now, my suggestion to them is to go on DCA – Dollar Cost Averaging. With that, they get to buy in bits each time there's a slight dip in price instead of waiting for an illusive perfect entry that may not ever happen.

Better to buy Bitcoin now and then procrastinate on selling.

I think procrastinating is perhaps the wrong term for someone who still has not bought Bitcoin. Most people who cannot make up their mind on when to buy Bitcoin are simply suffering under the delusion that somehow, sometime, Bitcoin will drop to a few dollars and then go up to 1 million USD. They are waiting to make that "golden purchase". But the truth is that they will be left behind. And they will definitely regret not having bought Bitcoin when they had the chance.

Oh well, to each his/her own.
 

Actually people ideal to make a plan and prcastination is not an option with this if you are fully prepared with the market you can make a good entry with your assets position imagine you know what are the next possible price movement and you didn't enter because of your tardiness instead you have your profit at the end could possible late position and right timing that's the down of the market.

It seems like you want to go to an investment without preparation and let the market makes you profit. This could serve possible loss.

You have to take action to start an investment, even though it's going to work on passive mode later. Since those people are procrastinating, they never start the investment, therefore they don't have access to the benefits of having a passive income investment active on their wallets. I believe procrastination also has something to do with being a lazy and insecure person who is unable to take action before it's too late.

So these people tend to stick with the negative aspects of Bitcoin, instead of focusing on the potential positive results it can bring to them once they become adopters and investors. History repeats itself, and there will be always people complaining during the halving pumps they didn't buy Bitcoin because they thought it was too expensive, and that on the present moment they aren't going to buy anyway, since it's even more expensive than before. After all, they never get in.

Many people by nature are very risk averse and as such when they see the movements of bitcoin they cannot help to be afraid of investing in it, and I cannot blame them, after all they are the kind of investors which will see a drop in the price and they will immediately sell their coins out of fear, and until that volatility drops even further then many people will still refuse to enter this market, independently of the profits they could get.

You can teach them if you want to. If you want to help them, and you have the knowledge then you can guide them.

Guide them. Teach them, and encourage them to invest into Bitcoin. Negatives? This is the reason why people aren't even touching or learning Bitcoin. The number one reason is the fact that it's volatile, and I guess those who want to help other people must teach them the benefits of it.

There are many information online that will help them learn even just the basics. As for Bitcoin halving, it just happens, and I have nothing to say about it aside from one thing. Months after the halving, Bitcoin's price goes up significantly. Well that's base on history. As for procrastinators, I don't think that we can say that they're procrastinating if they don't have the capital to use to invest. Yes procrastinating is really a bad thing (because I've done that as well in real life multiple times), but there are some instances where people just don't have money to invest. What's wrong is that, you have the money, and yet you are just procrastinating saying "I'll just do it later".

One of the things that makes people not to invest in bitcoin is as result of mislead of information some people have the courage to invest in bitcoin  but due to friends and people who don't know bitcoin too well and people who castigate bitcoin are one of the people who mislead people who regretting today not to invest in bitcoin when they know bitcoin, during bitcoin investment the first you need to consider before investing in bitcoin is the rotation of the price, rotating the prices showing that the price is not stable, that should not discourage people,many people who is investing with bitcoin now have first castigate bitcoin investment, so I believe anyone who want to invest should not base on side talk or advice before investing.

The fact is no one gets to succeed if you are always procrastinating important things or events in your life. That will only make your life more doomed and insignificant. But everything will change if you will start taking risk and taking the opportunity that is right in front of you. Bitcoin is the perfect example. Everyone is making their best to own and be in profits with bitcoin, so don’t let yourself miss another opportunity again and end up regretting.

I like to think its not only those who don't money to invest that always procrastinate, someone who has the funds but lacking proper and full knowledge of what he is putting his money into can also procrastinate when it comes to acquiring some BTC because he will be skeptical about the price and thinking that would be thinking that every time he would want to invest is going to be the wrong time and so doing miss all the available opportunities to actually start an investment.

What procrastination has to do with investing? When investing is more on a passive side. In fact, a lot of lazy people just try their luck in investing thinking it will bear them a good wealth later on. Procrastination only becomes a bad thing if you are already a poor person. Even if you badly want to invest, you cannot do it because you have no money in your pocket.

We are getting closer to the halving event and we can feel the vibe already because crypto prices are now starting to get stronger again. People should act now quickly before they regret and complain that the price is already high. We know, this is a common mentality here.

The first Bitcoin halving took place in 2012, reducing the block reward from 50 BTC to 25 BTC. The second halving occurred in 2016, further reducing the reward to 12.5 BTC. The most recent halving took place in May 2020, cutting the reward down to 6.25 BTC.
The next $BTC halving event is expected to take place in April 2024.
source

It is not just newbies who engage in various kinds of use of debt in order to leverage their bitcoin bets (whether to the upside or the downside), and margin trading has been in bitcoin since about 2014 or so.. with more and more options in order to play around with financing that might not necessarily have been discussed in forum threads.. people sell houses (chairs) and do all kinds of things in order leverage (and sometimes overly leverage) up on bitcoin purchases.  A large part of our various corrections in the last year (especially rearing itself in mid-May 2022 or so) had to do with a variety of degenerate gamblers, some of whom quite experiences, and we were witnessing more and more examples, in the last year in which people were not ONLY leveraging with their own money, but surely the better thing to do is to leverage with other people's money, right?.. so yeah, some of that would also be unethical and/or illegal, and another matter is proving it... but part of my point, is that leveraging for UPpity is not just a newbie practice/behavior... including Michael Saylor (and MSTR) who has engaged in a lot of creative ways of "leveraging for UP."


Everyone's story is going to be a bit different in terms of how they employ leverage, how much they employ, and whether they have alternative funds to back up their bitcoin investment in case their leverage does not end up paying off.   I have used leverage for years whether in bitcoin or for other sometimes risky investments, but it tends to be better to use leverage in ways in which you have funds to cover your leverage in case your investment does not work out.. so for example if you take out a loan for $20k that you have to pay in 2 years, and you use that money to buy bitcoin, and you are able to either pay your loan with other funds (in the event that bitcoin does not out perform the terms of the loan), or you have income that is coming in that can pay the loan, then you might be using the loan to front load your investment into bitcoin based on money that you currently do not have but that you are largely able to generate in the coming 2 years (and not even from your bitcoin investment)... you still end up gambling whether taking the loan pays off or not, but you likely do not need to use loans in such a way that you put yourself into a position that you are not able to deal with the consequences in either direction.


So what if they lose their money or not... it is ONLY "extremely risky and reckless" if they expect their bitcoin investment to pay their loan terms, and sure some people do end up overly leveraging themselves (also known as gambling rather than investing), and if they want to be dumb like that, then that is their choice, and hopefully they learn their lessons.. but it is also true that some people make mistakes and then they continue to make the same mistakes over and over because they have a gambling disease and they have not figured out how to use leverage in ways that is mostly going to benefit them rather than to either reck them or to cause them to never really be able to get ahead because they just gamble over and over and over and they even believe that they have to gamble in order to make money --- or they want to make up for their past mistakes.. such as GO BIG or go home, which are not healthy ways of thinking, and likely not to be prosperous, even if there also might be some examples of some folks who have gotten lucky from their gambling techniques.. but part of the problem is that many of those gambler types won't even know when to stop or when to take profits because they can never get enough so they likely will loose their gains sooner or later, even if they might get some "lucky breaks" along the way.


I have no problem with those kinds of ideas/suggestions.

Wow.. you are really distracted.  

Sure no problem deviating from the topic of procrastination, and maybe there is some relation to your own topic, since OP does mention "halving" in the subject line... and he even talks about the halvening topic, even though surely he spells halvening differently from me.

I have not attempted to measure which spelling version is more popular, even though I am pretty sure that I have been using halvening since I started to talk about (mention) the idea in any posts that I made.. probably going back to 2014.. but I don't really know when I first used the word in any of my posts (and I did not ONLY talk about bitcoin in the forum.. especially in my earlier days in bitcoin)... My first posts about bitcoin would have been around November 2013 - right around the time that I first started to consider buying bitcoin and then following through with my first BTC purchase at the end of November... it may have taken me a few months before I mentioned the halvening in any post that I made.


You can do what you like.   


Fuck coinbase.


hahahahaha

just kidding.  They are not completely evil... but they don't have any authority in regards to how people use bitcoin or how they think about bitcoin or how they talk about bitcoin.


Those references that you gave seem to show "halving" or "halvening" to be optional and/or interchangeable uses.


Those examples have no authority, either way.


I will look at that thread (that you just started.. apparently inspired by your own ponderenenings in this here thread)  and add it to my watchlist.

Yes, we still have plenty of time to buy bitcoin, and Halving is still 291 days left from now on for its implementation, but that does not mean that we have to wait for Halving to happen then we invest after approaching Halving, we don't know how much the price of Bitcoin was traded at that time.
Better to collect it from now on, there is no need for much just from the remaining money at the end of each month, if done regularly and consistently I think you will get a decent number of Bitcoin decimal, we don't know whether ATH in the cycle will come after the current cycle will come after Halving or before Halving, think carefully if you continue to postpone it, except if you don't have the money to buy.