Pages:
Author

Topic: Buy the DIP, and HODL! - page 101. (Read 142054 times)

member
Activity: 51
Merit: 23
'Peace on earth and goodwill to all'
November 05, 2024, 02:59:07 PM
If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio over time. You will easily get to your bitcoin target and have a good size of bitcoin in future.
if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you.
I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.
I agree with you here. Bitcoin investment is an investment that is meant to be done on our own pace and also when we have knowledge about it. Bitcoin is the best we can out our money in. And we shouldn't let anyone force us into starting it when we are not yet ready. As an adult we need to stop know what we want and not let anyone persuade/influence us to go about things. The reason why they were successful at their investment is because they were prepared and if we rush when we are not prepared we might not get lucky to make things right.
hero member
Activity: 952
Merit: 617
Leading Crypto Sports Betting & Casino Platform
November 05, 2024, 02:55:58 PM
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.
Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.
Of course, you are right. It is good for one to put his savings in bitcoin rather than keeping it in a bank because fiat depreciates overtime and your funds will lose its value. Imagine at your young age, you started working and decided to save for your retirement, and you did that in a bank, at old age it will be so annoying to see that all your effort of saving huge for your old age looks like it was in vain, because the value of your total savings cannot sustain your for long due to inflation.

 But if you decide to invest that money in bitcoin because it is a store of value and hedge to inflation, your savings will not be in vain because the value of your funds will not depreciate and you will also get an additional bonus for saving in bitcoin which is the profit aspect. This is why Bitcoin shouldn't be looked at only for profit but to safe your hard earned money from inflation overtime.

It is not possible for such people to invest in bitcoin even if they happens to invest they Will end up trading there btc before the expected time before we talk of investing in bitcoin we must have a stable source of income which can be able to cover all our expenses , also an emergency fund and some discretion to invest in btc .so it will be unwise to use your emergency fund or money for family expenses such as food , shelter and them invest in bitcoin or even to borrow money to start your bitcoin investment.
It's not compulsory for a new investor who wants to start his bitcoin investment to have an emergency funds. Since he has fugured out how much is his discretionary income, he can star investing right away by using half part of his discretionary income to invest in bitcoin with DCA every week and at the same time use the other half to be building his emergency funds fof 3-6 months of his monthly income. At a start he can be building his bitcoin investment and his emergency funds simultaneously.
jr. member
Activity: 36
Merit: 13
November 05, 2024, 02:47:02 PM
I am wondering in terms of your point how an investor would be harmed by observing the market itself. See, those who sell their investments because of the slightest change in the market were never investors. Because a successful and experienced investor will never sell his investment because of a slight change in the market. Investors and long-term investors may be aware of market volatility.

I agree that because investors have become used to the volatile market price, they would never sell out their investment at the first sign of even small changes in the market. Individuals who will always be watching the market price, in my opinion, are the ones who are unfamiliar with it. An experienced investor who has made a long-term investment, on the other hand, doesn't keep an eye on the market and keeps adding to their holdings because they believe it will benefit them.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.
It is not possible for such people to invest in bitcoin even if they happens to invest they Will end up trading there btc before the expected time before we talk of investing in bitcoin we must have a stable source of income which can be able to cover all our expenses , also an emergency fund and some discretion to invest in btc.so it will be unwise to use your emergency fund or money for family expenses such as food , shelter and them invest in bitcoin or even to borrow money to start your bitcoin investment.
sr. member
Activity: 686
Merit: 319
November 05, 2024, 02:00:49 PM
I am wondering in terms of your point how an investor would be harmed by observing the market itself. See, those who sell their investments because of the slightest change in the market were never investors. Because a successful and experienced investor will never sell his investment because of a slight change in the market. Investors and long-term investors may be aware of market volatility.

I agree that because investors have become used to the volatile market price, they would never sell out their investment at the first sign of even small changes in the market. Individuals who will always be watching the market price, in my opinion, are the ones who are unfamiliar with it. An experienced investor who has made a long-term investment, on the other hand, doesn't keep an eye on the market and keeps adding to their holdings because they believe it will benefit them.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.
member
Activity: 141
Merit: 78
November 05, 2024, 01:52:14 PM
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.
Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.
hero member
Activity: 658
Merit: 562
November 05, 2024, 11:59:28 AM
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.
If a new investor is committed with his bitcoin investment and continue buying with DCA every week being persistent and consistent, while sometimes he lump sum to increase his bitcoin size faster for 10 years and above, he is likely going to be in profit because the price of bitcoin increases in value overtime since he started buying when the price was down during his accumulation journey and on different price intervals lower than the price at the end of 10 years. The reason is that bitcoin is still in transition state and the odd of the price moving uptrend I a higher than downtrend.

However, new investors should be bothered or concerned about the profits when they just started accumulating bitcoin so that they don't get distracted or think of taking little profit due to temptation, but should stay focused on how to keep their bitcoin investment ongoing and how to tweak with their different accumulation methods based on their own current circumstance playing out at that moment in their lives so that they can reach their bitcoin target. Don't forget that the size of your bitcoin portfolio and how long that you have hodli is what will determine your profit in the long run.
sr. member
Activity: 518
Merit: 288
November 05, 2024, 11:31:55 AM
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.
full member
Activity: 462
Merit: 136
EVO.io
November 05, 2024, 10:15:16 AM
Also, investing is not a get-rich-quick strategy. That is why it is said that, Invest only as much as you can afford to lose.
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins. This saving involving the possibility of profit or loss is called investment. Our main objective in investing is never to take profit, we do not aim to take profit from long term investment even though there is a high potential of profit. We are not even afraid of losing from investments, because we do not invest money that we are not ready to lose. We have an objective, either we will be able to save a huge amount here or we will lose it all. We will not deny the fact of taking profit, we definitely expect good returns from investments after a long period of time.

Basically, we all know Investment is investing your money in a particular asset in order for it to grow for a stipulated or given time which in turn will give us profit, so during this period of investment anything is possible which are loss and profit reason because while investing, things can or may go wrong ( unforseen circumstances) so we can judge investment base on loss and profit and I want to inform you that no investment is guarantee. Bitcoin is a very nice asset to invest yes I know but once I get a huge profit after a long period of investment I will take some of my profit and do other things I think is necessary and important because I can't leave my investment forever though I will still be accumulating and holding.  
jr. member
Activity: 92
Merit: 5
November 05, 2024, 10:06:44 AM
Also, investing is not a get-rich-quick strategy. That is why it is said that, Invest only as much as you can afford to lose.
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins. This saving involving the possibility of profit or loss is called investment. Our main objective in investing is never to take profit, we do not aim to take profit from long term investment even though there is a high potential of profit. We are not even afraid of losing from investments, because we do not invest money that we are not ready to lose. We have an objective, either we will be able to save a huge amount here or we will lose it all. We will not deny the fact of taking profit, we definitely expect good returns from investments after a long period of time.
The potential for profit is a big motivator for most investors. If bitcoin isn't profitable overtime people would loose interest in investing,  people see the profit in its long term that's why they can invest and patiently Nurture and wait for their investment to get matured so they can reap the benefits,  which is profit. Profit and loss are definitely  major factor that can persuaded someone to invest in a particular investment,  they give indications of how the an investment is performing.  Bitcoin has been performing very well over the years , that's why it's gaining a lot of attraction globally.

Those with a quick gain mindset can loose out in their investments due to the market ups and downs. " a fruit tree takes time to grow and bear fruits"  Investing really is like planting a fruit tree. You got to nurture it, be patient, and wait for it to grow and bear fruits. it takes time to see the fruits of your labor but when it pays off it can be so rewarding. It's hard to see an investor in Bitcoin, who applies the necessary steps e.g consistency, dedication and patience in their investments journey to loose out. Because if you are consistent in your accumulation, your investment will keep growing,  when you are dedicated you stay committed to your investment purpose and when you are patient you stay focused believing in the bigger picture and trusting the process.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 05, 2024, 08:34:25 AM
If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio over time. You will easily get to your bitcoin target and have a good size of bitcoin in future.
if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you.
I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.
member
Activity: 112
Merit: 61
November 05, 2024, 06:08:52 AM

No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.

 ¯\_(ツ)_/¯

BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.



Do you even know about Ponzi or the origin of that name, well for your information that name dates back to Charles Ponzi the creator of Ponzi Scheme or rob Peter to pay Paul investment activity. He was always known for his criminal activities from a young age until he came to US. The name Ponzi "scheme" and relates to his fraudulent act of 1920 where he defrauded US investors of almost $15 million before being convicted and sent to prison. so, There is no Ponzi without the scheme going hand in hand. Ponzi Invented Ponzi scheme, so there is no way you are making a strong point out of that without hinting on criminal or scam undertones. read This for more clarity

Bitcoin on the other hand was born out of the underlaying desire to foster accountability, transparency, security and value for your money which promotes a sense of inclusion and an equal opportunity to everyone that adopts it properly to benefit from its abundance. bitcoin was intentional and not just something naturally occurring and the intentions have not changed but continues to be validated as it gains more recognition and trust among investors.

So next time, even if you are drunk, DO NOT ASSOCIATE BITCOIN WITH PONZI EVER AGAIN.


Ser, the term "Ponzi" was merely stigmatized because the originator was a scammer. But TECHNICALLY it describes how in order to exit the system with some profit, NEW MONEY must enter that system. Do you understand?

Bitcoin is a naturally-occurring Ponzi LIKE Gold, NOT a scam like those Ponzi Schemes that has a nefarious entity on top. There's a difference, ser. Cool


Maybe best to avoid any misleading information towards name calling of bitcoin you or other people should stop calling it as Ponzi since that word give bad impression to people since it associate with frauds or anything illegal that you can imagine.

Just call bitcoin as bitcoin and don't use other term to describe it since you don't know what came up on the people's mind especially when you call it a Ponzi like asset. This is also the reason why I don't call bitcoin as crypto since it mislead people again to other scam project saying that they are the next bitcoin. To many confusion spreading around and to many newbies in the scene so to avoid giving problems to those people we should call bitcoin its known name and don't compare it with other asset.


I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.

When even people hear the word Ponzi they refer it to be a scam investment and that is what it is where by you invest today and make some million dollar tomorrow because through this information has most persons lost a reasonable amount of money, and using that word Naturally-Occurring Ponzi is what I don't understand those that knows what Ponzi scheme is who has interest to invest in Bitcoin might decide not to invest because they will think is a scam investment due to the word Naturally-Occurring Ponzi honestly it could be misleading.


I accept that the term has negative evocations, and I also accept that the term might be the wrong term to use, BUT we're merely talking about Bitcoin's market dynamics, NOT Bitcoin the network itself AND how that market currently is- with its feedback loops and how it is very speculative in nature - it has "Ponzi-like", but naturally-occurring, characteristics.

The other point why is, currently, Bitcoin is being purchased and HODLed by us more as a commodity that will have higher value later, rather than something that we actually need/use today

It's also laughable that many people are not trying to get the context.

Bitcoin in it's nature don't have a Ponzi nature, I have done a lot of ponzi and in a Ponzi scheme the information is that you invest your money and get 10x your money back within a very short period of time which could be a week or two, but when it comes to bitcoin investment the information is invest and hodl and it takes years and there's no assurance of getting 10x your profit because is volatile however one can get even more than that when you hodl longer, Bitcoin is not a scam but Ponzi scheme are just scam, no Ponzi scheme last long, a lot of them don't even stay up to a year before they crash and they make away with people's money however Bitcoin has been in existence for 16 years now and still counting.
Putting Ponzi with Bitcoin together is not right because they don't have have anything in common.
You are wrong for saying Bitcoin is a commodity that will hodl in other to have higher value later, rather than something that we actually need/use today, now same way we save our dollar and other currency in a bank in other to use it later that's same way we do for Bitcoin we need and also use Bitcoin just like we use other currency, no one will hold Bitcoin forever at a point in time when one feel he or she has accumulated enough he can start using his or her Bitcoin to solve some financial challenges or to open businesses, some supermarket and other places accept Bitcoin as a means of payment and people are already using it for that purpose so saying we hodl Bitcoin and we don't actually need it or use it is very wrong because we actually do.

We are just saying you should not use Ponzi together with Bitcoin to drive home your context because it will be passing a wrong message to many.
sr. member
Activity: 504
Merit: 490
November 05, 2024, 03:42:57 AM

People should understand that there are newbies who don't engage in discussion here but often come on threads like this to learn about Bitcoin investment therefore everyone has to be careful concerning things they say so as not to mislead those newbies and give wrong impression to them about Bitcoin, he might not have called Bitcoin a Ponzi but relating it to that name alone is mislead and once those newbies learn that a high ranking member is relating Bitcoin to Ponzi then they'll think it has scam features on the long run, let's the guided and try as much as possible possible to pass the right informations while we discuss about the concept of Bitcoin investment, Bitcoin has nothing relating to Ponzi and if one invest on Bitcoin the right way and follow it concepts thereby using good methods then they'll benefit from it and even recover loses, expect for those who use it for trading despite being aware of the high risk factor.
Beginniners should know that not everything they see or hear from a thread they will use to establish their own investment, there are some strategies that will work for Mr John and it will not work for Mr Paul if they invest different capital in that investment, you as a beginner, you need to carry out your personal research before doing what you hear or seen in the thread because there are methods they will not display on that thread for you not to know everything about the methods but if you concentrate and go deeper in research, you will definitely get it right to boost your income in your investment.
This is misleading and spread of unverified claims, and you should stop that. To the best of my knowledge, people here don't hoard information neither do they share half baked knowledge here. Once it comes to bitcoin investment all the informations and materials shared here are always complete, we don't mislead people here. The essence why the forum existed is for people to come here and learn things about bitcoin, so there is no way that people here are only sharing few things about bitcoin. All the strategies to buy bitcoin are always discussed here. If a newbie or an intending investor is confused about anything as regarding the strategies to buy bitcoin, they can always ask questions. So you say people here withheld some details about the bitcoin buying strategies is wrong and condemnable.

Quote
Bear season is the right way to earn income in your holding when bull season begin to display, do you want to buy bitcoin now?
No you are wrong, the bear season is not only the right time to buy bitcoin and increase your bitcoin holding. As a newbie or new investor who is still starting his accumulation journey. You can buy bitcoin at any time. Yes an investor can buy bitcoin now there is nothing wrong with that.

Quote
I will advice you to wait for the price to decrease back to $50k before you can buy and hold for long years.
That's a wrong advice to give someone. If he follow this your advice there is a higher possibility that he is going to miss out investing in bitcoin. Let me ask you do you have an idea when bitcoin will get back to $50k? What if it doesn't get back there, does that means he should not invest in bitcoin?. The best thing for the investor to do is to start accumulating bitcoin right away, using the DCA strategy. With this method, you can be buying bitcoin regularly and take advantage of all market conditions.

full member
Activity: 336
Merit: 164
Patience and hard work are the keys to success.
November 05, 2024, 03:06:13 AM
Also, investing is not a get-rich-quick strategy. That is why it is said that, Invest only as much as you can afford to lose.
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins. This saving involving the possibility of profit or loss is called investment. Our main objective in investing is never to take profit, we do not aim to take profit from long term investment even though there is a high potential of profit. We are not even afraid of losing from investments, because we do not invest money that we are not ready to lose. We have an objective, either we will be able to save a huge amount here or we will lose it all. We will not deny the fact of taking profit, we definitely expect good returns from investments after a long period of time.
legendary
Activity: 2898
Merit: 1823
November 05, 2024, 12:34:01 AM

No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.

 ¯\_(ツ)_/¯

BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.



Do you even know about Ponzi or the origin of that name, well for your information that name dates back to Charles Ponzi the creator of Ponzi Scheme or rob Peter to pay Paul investment activity. He was always known for his criminal activities from a young age until he came to US. The name Ponzi "scheme" and relates to his fraudulent act of 1920 where he defrauded US investors of almost $15 million before being convicted and sent to prison. so, There is no Ponzi without the scheme going hand in hand. Ponzi Invented Ponzi scheme, so there is no way you are making a strong point out of that without hinting on criminal or scam undertones. read This for more clarity

Bitcoin on the other hand was born out of the underlaying desire to foster accountability, transparency, security and value for your money which promotes a sense of inclusion and an equal opportunity to everyone that adopts it properly to benefit from its abundance. bitcoin was intentional and not just something naturally occurring and the intentions have not changed but continues to be validated as it gains more recognition and trust among investors.

So next time, even if you are drunk, DO NOT ASSOCIATE BITCOIN WITH PONZI EVER AGAIN.


Ser, the term "Ponzi" was merely stigmatized because the originator was a scammer. But TECHNICALLY it describes how in order to exit the system with some profit, NEW MONEY must enter that system. Do you understand?

Bitcoin is a naturally-occurring Ponzi LIKE Gold, NOT a scam like those Ponzi Schemes that has a nefarious entity on top. There's a difference, ser. Cool


Maybe best to avoid any misleading information towards name calling of bitcoin you or other people should stop calling it as Ponzi since that word give bad impression to people since it associate with frauds or anything illegal that you can imagine.

Just call bitcoin as bitcoin and don't use other term to describe it since you don't know what came up on the people's mind especially when you call it a Ponzi like asset. This is also the reason why I don't call bitcoin as crypto since it mislead people again to other scam project saying that they are the next bitcoin. To many confusion spreading around and to many newbies in the scene so to avoid giving problems to those people we should call bitcoin its known name and don't compare it with other asset.


I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.

When even people hear the word Ponzi they refer it to be a scam investment and that is what it is where by you invest today and make some million dollar tomorrow because through this information has most persons lost a reasonable amount of money, and using that word Naturally-Occurring Ponzi is what I don't understand those that knows what Ponzi scheme is who has interest to invest in Bitcoin might decide not to invest because they will think is a scam investment due to the word Naturally-Occurring Ponzi honestly it could be misleading.


I accept that the term has negative evocations, and I also accept that the term might be the wrong term to use, BUT we're merely talking about Bitcoin's market dynamics, NOT Bitcoin the network itself AND how that market currently is- with its feedback loops and how it is very speculative in nature - it has "Ponzi-like", but naturally-occurring, characteristics.

The other point why is, currently, Bitcoin is being purchased and HODLed by us more as a commodity that will have higher value later, rather than something that we actually need/use today.

It's also laughable that many people are not trying to get the context.
sr. member
Activity: 504
Merit: 369
November 05, 2024, 12:33:21 AM
It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading.
I am wondering in terms of your point how an investor would be harmed by observing the market itself. See, those who sell their investments because of the slightest change in the market were never investors. Because a successful and experienced investor will never sell his investment because of a slight change in the market. Investors and long-term investors may be aware of market volatility.
Quote
Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot.
Investing is not as difficult as you think. Greed and emotions should be controlled before investing. If the investors can control the emotions in his investments, he may be able to be patient during the slight dumping of the market. Also, investing is not a get-rich-quick strategy. That is why it is said that, Invest only as much as you can afford to lose.
Quote
After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.
Regardless of the investment method you adopt, it is very important to have a fixed source of income before investing. Because through this source of income you will be able to continue your investment smoothly with the remaining money regardless of income expenditure and family expenses.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
November 04, 2024, 08:51:00 PM
[edited out].
Ser, the term "Ponzi" was merely stigmatized because the originator was a scammer. But TECHNICALLY it describes how in order to exit the system with some profit, NEW MONEY must enter that system. Do you understand?

Bitcoin is a naturally-occurring Ponzi LIKE Gold, NOT a scam like those Ponzi Schemes that has a nefarious entity on top. There's a difference, ser. Cool
You are still likely confusing people with that description of a "naturally-occurring Ponzi."

Under your definition almost anything that is used for monetary value would be a "naturally-occurring Ponzi" since it's price would go up based on increased demand.

For some reason you are stubborn, and you continue to repeat such a confusing term as if you are making some kinds of a brilliant proclamation, when you are not, and it would be better that you figure out another way to say what you are saying, to the extent that you are even making a decent point in regards to either particulars of how bitcoin gets its price or how bitcoin might compare to other assets, such as comparing bitcoin to gold or some other asset.

By the way, bitcoin has a lot of monetary properties that help to derive its value, such as its verifiability, its divisibility, its transportability, its scarcity, the ability to transact and hold it without a third party and in very economical ways, and other qualities related to its programability that also gives utility to folks which may or may not end up driving its price upwards and also contributing to others financializing it and/or speculating on its value...so your ongoing use of Ponzi terminology, which also implies third party manipulation (even if you are trying to suggest that a "naturally" occurring Ponzi might not need a centralized party's manipulation is still misleading as fuck, and likely more confusing than any value that it might bring from the supposed profundity of your characterization of bitcoin in such a way.

And, yeah, you may well continue with your nonsense, and I would expect members to continue to question why you feel some kind of importance to insist on such a misleading characterization and categorization of bitcoin.  You really think anyone is helped to understand bitcoin better by that crap, and if you don't give any shits then you are engaging int he same kind of behaviors as the bitcoin detractors, the naysayers, the shitcoin pumpers and the ones engaging in affinity scams that tend to create confusing with their baloney narratives.
It's very confusing indeed that he keeps repeating such derogatory word towards bitcoin. The first time he made use of the word here, I noticed lots of users here reacted angrily against the use of such words towards bitcoin, myself included. But it's still shocking to me that he keeps making use of that Ponzi of a word. I wonder how someone in his right senses will compare bitcoin and gold, and even went as low as calling bitcoin Ponzi. It makes me wonder if he actually knows the qualities of Money. Bitcoin is money and gold a natural resources. Bitcoin is a class above gold and gold doesn't come close to bitcoin. So I think it's senseless for someone to categorised bitcoin and gold together. I would have understand if it was a newbie making such comparisons, but coming from someone like him, makes me sick.

Sometimes it can still be helpful to make certain kinds of comparisons, and even to use controversial categorizations, whether talking about gold, bitcoin, Ponzi scheme or anything else, yet it probably would be better to make those kinds of comparisons in ways that are not overly confusing and/or misleading to members, especially when we have so many members who are at various stages in their learning about bitcoin, even if Wind_FURY might be technically correct in his categorizations, it's still misleading to be lumping bitcoin in with ponzi schemes and lumping bitcoin and gold together in the same kind of generalizing ways, and likely we should not need to get into those kinds of arguments in a thread like this in order for Wind_FURY and other members (especially forum members who have been around for a while) to realize that the Ponzi scheme term is confusing and misleading in a similar kind of way that it is misleading and confusing to refer to bitcoin as crypto or a cryptocurrency, even though "technically" it is correct that bitcoin fits into such category, but we still don't go along with such misleading and deceptive term for bitcoin. So, on an application level it is misleading and leading us into mostly irrelevant (and unnecessary) tangents to be both suggesting bitcoin fits into a Ponzi scheme category and to be blanketedly referring to bitcoin to be similar to gold in that regard.

It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.
Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

If you are planning to play a 3-4 year BTC price wave (or a 3-4 year timeline), you are trading.  You are not investing.

Sure, do whatever you want, but your referral to yourself as an investor and trying to suggest that BTC investors are choosing such a 3-4 year timeline as "a BTC investment" is misleading when you are in fact trading what you expect to be a BTC price wave.. even if you might be taking a longer timeline than someone who might be looking at 1-2 years.. so what.. it is the same thing with just an extra year or two added on.. you are not investing.. you are trading..

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.

You are still talking like a trader.. the idea of "extracting profits" is a trading idea.

I would suggest that investing is going to be 10 years or longer, even though we allow the idea of shorter term investments of 4-10 years because there are some folks who might need shorter than 10 years because they have health and/or age considerations that might not allow them to invest up to 10 years, so it would be acceptable for them to have as short as a 4 year time horizon in terms of when they might start to withdraw their BTC (based on price and/or time) and still be considered an investor rather than a trader..   Anyone planning on withdrawing less than 4 years is trading rather than investing and anyone who is merely playing longer waves to just get in and out of bitcoin is trading also, even if they might have longer than 4 year timelines, and they have that mindset of getting in and out.

In the end, each of us can do whatever we want, yet there still seem to be different mindsets between  traders and investors, and sometimes the traders are trying to call themselves investors merely because they are trading on a longer timeline...   and sure don't get me wrong.. each of us mighty come to any investment and change our minds, so we always have absolute discretion to change our minds about how we want to allocate our time, energy and value.. so we never lose that, even if we might purposefully choose to invest into something like bitcoin on a longer timeline that is more like 10-20 years or longer or we plan to invest into bitcoin until we reach our accumulation target and then at that point or sometime thereafter we might start to employ sustainable withdrawal strategies (price based and/or time based) in which we might be living off some or all of our bitcoin for the remainder of our lives and/or passing some down to our heirs, too..

[edited out]
I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.

Oh gawwwwddd.   I doubt that avp2306 is the ONLY one not really "getting it"..   Bitcoin (and gold) naturally occurring "good kinds of Ponzis" because they fall into naturally occurring feedback loops..likely affecting price.. ..

To me, it still sounds misleading and unnecessary to get into such categorizing.

[edited out]
@Wind Fury!! It's better you start being serious and reasonable for once.  

Yeah.. Wind_FURY.. start to think different, and grow dee fuck up...   "We" (not just royal, either) cannot be tolerating your ongoing unseriousness.

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

I Think you will likely explain more on the deffirent between

1) Ponzi Schemes that has a nefarious entity on top.
2) "naturally-occurring Ponzi Like Gold,."

Hahahahaha.. I doubt "we" need to invite Wind_FURY to explain anymore than he already has..

The funny part is that when he starts being directly unserious he uses this sticker to act as if he was not being serious, perhaps he is serious

Yeah.. This time, he is serious.  For sure. 

He also gets mad sometimes when he is trying to be serious, and peeps don't want to listen to him... I wonder how that came about?

[edited out]
Beginniners should know that not everything they see or hear from a thread they will use to establish their own investment, there are some strategies that will work for Mr John and it will not work for Mr Paul if they invest different capital in that investment, you as a beginner, you need to carry out your personal research before doing what you hear or seen in the thread because there are methods they will not display on that thread for you not to know everything about the methods but if you concentrate and go deeper in research, you will definitely get it right to boost your income in your investment.

You are absolutely correct that even beginners need to figure out their own strategy so that they do not become overly reliant on advice that they get on the interwebs, and surely some information is going to be better than other information, so they have to sort the good from the bad and come to their own conclusion in regards to how much weight to give to various kinds of information, even if it might come from a forum member who might seem to know what they are talking about.

Bear season is the right way to earn income in your holding when bull season begin to display, do you want to buy bitcoin now?

You seem to be getting overly excited about the possibility of trading, Oshio-man.  Have you already accumulated enough BTC in the last nearly 5 months that you have been registered on the forum.  Did you start accumulating BTC prior to your forum registration?

Are you investing into bitcoin or trading?  How long is your investment timeline?

I will advice you to wait for the price to decrease back to $50k before you can buy and hold for long years

That is almost the most retarded advice that I have ever heard from another forum member.  Are you assuming that whoever you are advising has already got some BTC or not?

What if the forum member does not have any BTC?

What if the member has been accumulating BTC for about 5 months?  Similar to your forum registration date?

What if the forum member had been accumulating BTC for 1 year, 2 years, 3 years? or some other quantity of time?  Would those kinds of facts change your recommendation?

Do you need to know anything else about the forum member?  or you just think blanketedly $50k is a good entry point for BTC?


, before you can think of release them for sale and it will open your eyes to see that long holding is profitable than short holding.

Sure, for BTC, long term does tend to be better than short term, yet I still wonder how you would consider that there would be any kind of a concern or a value for someone who is buying long term to wait for $50k rather than buying at our current BTC price of $67.5k -ish?  Sure $50k-ish is about 25% less than $67.5k-ish, but still don't we need to know more?  And, if we make a general presumption about the total population of the world (or anyone who might be reading this thread), then what should we presume about the status of such potential person?  Does the average person already have bitcoin or not?  Anything else that we might presume about the average person who might be reading this thread?  Sure, they have some kind of an interest (or curiosity) about bitcoin, but what else is going on with any such person that might be relevant to whether waiting until $50k might be a prudent and/or reasonable approach to bitcoin?
sr. member
Activity: 1022
Merit: 363
November 04, 2024, 06:53:13 PM
Maybe best to avoid any misleading information towards name calling of bitcoin you or other people should stop calling it as Ponzi since that word give bad impression to people since it associate with frauds or anything illegal that you can imagine.

Just call bitcoin as bitcoin and don't use other term to describe it since you don't know what came up on the people's mind especially when you call it a Ponzi like asset. This is also the reason why I don't call bitcoin as crypto since it mislead people again to other scam project saying that they are the next bitcoin. To many confusion spreading around and to many newbies in the scene so to avoid giving problems to those people we should call bitcoin its known name and don't compare it with other asset.

Yep.  It is questionable what Wind_FURY believes he might be achieving by the use of such framing, even if "technically" there might be some truth in what he is saying.. yet in the end, the term causes way more confusion than it clarifies, so what is the purpose?  Did his handler put him up to continuing to insist on such a inflammatory label for my lil precious?

New people in the scene would provably not understand what he say and what comes up with their mind first is the scam because of word Ponzi inserted on his opinion. People will not digest all the message he want to imply and for sure that there's only one word they can remember, to bad if that Ponzi thing will come up to them then it will give bad reputation to Bitcoin.

That's why its not good to associate it with other term or currency so that we can get straight up facts and people could easily figure out Bitcoin and its real use case. Insisting to validate his statement will not bring anything to the discussion whatever good his intention. Since if there's something that can confuse people then that doesn't contribute good to them.
full member
Activity: 364
Merit: 158
November 04, 2024, 05:35:02 PM
If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio overtime. You will easily get to your bitcoin target and have a good size of bitcoin in future.
A young man's bitcoin is more convenient and easier for him to hold in the long run. As soon as a person is 25 years of age or somewhat less or more. In this case, if he holds it for 3 or 4 cycles, then he can invest his money in a real estate business or any other business with that investment and create a source of income for life management. Or he can use this money to improve his quality of life more. I think around 40 years of age or less would be the right time for a person to get established. Every action has a reaction, if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you. If you have been thinking of luxury since now, it is difficult to expect anything good in response in later life.

When it comes to investment age is just a number. Anyone could possibly start to invest in Bitcoin as early as they want if they are able to afford investing in it. For me i can easily say the younger the better. Many people have different or similar knowledge and understanding about how Bitcoin works and at a tender age it will be more of an advantage because before they grow up completely they must have have an in depth knowledge of Bitcoin. If it was not possible for them to start investing in Bitcoin then, it will be a lot easier for them to go about it when they start working and have money to buy Bitcoin.

What i can say more is that, no matter the age we are, its best to invest at our pace and financial level then spend time understanding Bitcoin more.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 04, 2024, 04:47:30 PM
It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.
As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.
I want you to understand that any bitcoin investment that is below 4 years is not a long-term investment, and you should not encourage any investor to sell his bitcoin after 3 years because he might be chasing short-term profit, which does not align with the aim of this thread.

I agree with you in Long term investment investor need patient enough time and mindset to sacrifice allot because of market volatility.
You are sounding as if you are passing through a lot of stress or pressure in accumulating bitcoin or you are depriving yourself your basic needs just to accumulate bitcoin. we are aware of the volatile part of bitcoin, and that is why it is always good to invest in bitcoin with the money you will not need for 4-10 years or more so that you will not be dismayed if there is a little drop in bitcoin price or sell you bitcoin even though you are at a loss just to survive.

Beginniners should know that not everything they see or hear from a thread they will use to establish their own investment, there are some strategies that will work for Mr John and it will not work for Mr Paul if they invest different capital in that investment, you as a beginner, you need to carry out your personal research before doing what you hear or seen in the thread because there are methods they will not display on that thread for you not to know everything about the methods but if you concentrate and go deeper in research, you will definitely get it right to boost your income in your investment.
If we have two newbies who want to start their bitcoin investment, the DCA strategy is the right strategy for them to adopt in accumulating bitcoin, and it will work out for both of them unless one of the newbies uses all his money to invest in bitcoin—that is only when the DCA strategy will not work out for both of them. Even though newbies are relying on this thread to start up their bitcoin investment, that doesn't stop them from carrying out their research about bitcoin because it will help them widen their knowledge about bitcoin, but I want you to know that all the methods or strategies used in accumulating bitcoin have been mentioned and discussed here.
Quote
Bear season is the right way to earn income in your holding when bull season begin to display, do you want to buy bitcoin now? I will advice you to wait for the price to decrease back to $50k before you can buy and hold for long years, before you can think of release them for sale and it will open your eyes to see that long holding is profitable than short holding.
I know it is good to accumulate bitcoin during the bear market because you will accumulate a lot of bitcoin with small money, but it is not right for someone to wait for the bear market before he can start his bitcoin. You can start accumulating bitcoin with the DCA strategy whenever your money is readily available, which will allow you to be more active in accumulating bitcoin than someone who is waiting for the bear market to come before he can start his bitcoin investment. Trying to time the market will not be of any help to you, and it might delay your bitcoin accumulation journey or make you miss out on bitcoin because you are not certain if bitcoin will dip today or tomorrow.
member
Activity: 141
Merit: 78
November 04, 2024, 03:43:21 PM
In addition to what you have said, if someone is saying that the reason why the investor should monitor the market is to know when to take a buying advantage, Instead of continuously monitoring the market, and going through the emotional torture associated with it, the investor should set price change notification alert on, and set up that price level that he should be notified. So that once bitcoin hit that price level that the investor has set up, he will be notified by his exchange or wallet app.

This is more effective way than for the investor to be updated about price changes, than continually monitoring the market. We live in a world where technology has simplified everything, unless the investor has other reasons of checking the market, other than just knowing when there is a significant change in price in bitcoin market.
It doesn't even make any difference,  what if you do not get any notification of the actual price you think it is good for you to buy bitcoin that means you will keep waiting for the price to fall so that you can bitcoin.  Both monitory the market and putting notification of price to know when to buy don't really change anything,  they can make one not to even invest in bitcoin at all. The reason why many normally miss opportunities of investing bitcoin is because they always want to
 buy at a time and price that will suit them and waiting to get the price they may end up not seeing such price because bitcoin can't be predicted.

Just buy bitcoin when you have the opportunity to buy, waiting for price can be delaying which you may never come across and at the end of it all you will still regret not buying when you had the opportunity to buy.
I think you misunderstood his point , all he is saying is that for investors that want to take buying advantage instead of continually monitoring the market they can go for the option he stated which will save them the strees and botheration of always checking the market. There are investor who are using dca strategy in accumulating bitcoin and may also want to buy the dip so  the best way will be for them to time the market while still doing there normal dca strategy inorder for them to know when the price dip, so the the fact that an investor want to buy the dip will not stop him from accumulating bitcoin , you can be doing dca ,buy the dip and still do lump sum if you have the discretionary income to do so.finally justbilliwitt advise is purely for those investor that are using dca strategy and buying the dip in accumulating bitcoin
Pages:
Jump to: