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It is true that if you do not share your ideas or experiences, others will be unaware of them. Some people may even have similar experiences and can easily share with you the best thing to do at such points, it may be something they failed to do at the time, but their experience will be able to prevent others from making the same mistakes they did. I had a terrible first encounter as well, but I've since learned from my mistakes and improved my ignorance and curiosity.
Over the years, I have had several experiences in which I responded to a post, and I thought for sure that my question and/or concern was too basic and that surely some other member would have had already responded to the very post, but frequently, there is not very much overlap in the contents of my posts versus another member who might have responded similarly (and more frequently no one had responded to the ideas that I was wanting to write). So we can each have interesting contributions and even some of the basic responses are not made... so I look forwrard to your continuing to chime in and to bring some of your personal experiences into the mix of this thread and perhaps other threads.
everyone is also allowed to put forward their own ideas as long as the ideas are good enough and do not oppose other people's ideas,
I don't see anything wrong with opposing the ideas of other members, and those who oppose ideas of other members while giving reasons (and perhaps even evidence) for why they oppose the ideas will provide fruit for deeper discussions. Sure there are some members who seem to just oppose for the sake of opposing, so that can be a bit annoying if some members are not really explaining why they are for or against some ideas...and yeah, sometimes it can be a bit unclear regarding how much evidence and/or explanation is needed when opposing the ideas of another member, so each of us has to make those kinds of choices regarding how much we believe we need to back up our own ideas -especially if we consider them to be going against what other members might be saying...
and sometimes we get the facts and/or the logic wrong too.. so sometimes we might believe that we are saying different things from other members, but we just end up saying similar things in different ways... so the ways of communicating can continue to be confusing for some of us from time to time, too.
And we need to do that since how those people could able to learn if we didn't oppose on their wrong statement posted. So for them to learn their mistake we should voice out our concern then provide solid proof pointing out that they are wrong so for sure with that they can learn something then correct everything to make a better decision especially for their investments.
We can clearly identify those people clearly opposing without posting any proof to strengthen up their arguments then I guess no substantial new ideas we can get from their corrections or criticism.
That's why also we need to properly communicate to people so that we could able to correct their misunderstandings and explain if we have same point so that there will be no confusion on both side then the discussions will be more focus on strategy that they want to build when everything understand each other.
Sometimes we might not be correct, and we respond to another post and we tell them how wrong they are, and so that can also be o.k... except that sometimes members will continue to push their wrong ideas..
And, so I guess that my point is that even if we go to correct another member's post, we might have to consider that we might not be correct in our own perspective, but it does not necessarily mean that we should not respond, especially if we believe that we have evidence in support of our points that we believe had not been considered.
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But it's not actually promoting Runes, it doesn't have a coin or a token to shill to plebs like us. It's merely a protocol that's trying to build something on top of Bitcoin that would bring more utility and also interest in Bitcoin, then therefore bringing more value for Bitcoin.
There should be some utility-value in
buying the DIP and/or DCA through a stablecoin in Bitcoin without going through centralized third parties, no?
I would rephrase that to say that there is value in being able to buy, sell and communicate without the permission of a third party..
Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
I completely agree many people invest in Bitcoin with intention of holding onto it for long term but mostly they are forced to sell due to financial constraints or lack of proper planning. It is really important to have a solid investment plan and s
table source of income before investing in Bitcoin. Setting specific goal and sticking to it is very important so we do not end up selling our investment prematurely. It is important to be realistic about our financial situation and only invest what we can afford to hold onto for long term. By doing this we can avoid pressure of selling during market fluctuations and achieve our investment goals.
But do we need to have a stable income before investing in bitcoin? I think as long as we have the income and flexibility to handle life's incidents, we can invest in bitcoin. Because not everyone can have a high-paying job or stable income. In addition, our purpose of investing in bitcoin is because we want a better, more stable life, and if we are stable, do we still need bitcoin? Therefore, if we have to wait until we have a stable income to start investing in bitcoin, it may be too late or we will never invest in bitcoin.
I agree with what everyone says, we need to plan carefully and use cold money so that our investments are not interrupted, but I wouldn't wait until I have a stable income to start invest.
In addition, the future is unpredictable and sometimes major incidents happen beyond our imagination so just planning is not enough, we need to be more flexible to deal with it if a big bad thing happens.
I agree with you CryptoBuds that you do not need stable income to invest into bitcoin, but you do need discretionary income, which means that your income exceeds your expenses.. whether you get your income from work or from investments, savings and/or assets.
Sure, you could have periods in which your income does not exceed your expenses, and so that might be your various kinds of excess funds that you have or investments or savings.. but in the end, if you do not have discretionary income, you would not be able to invest because you would be gambling with money that you need..
If someone has a lot of savings, investments and/or assets, those can be used as income sources, but if you don't have other income sources, then those savings, investments and assets need to be able to generate a form of discretionary income that covers your expenses... .. and yeah there could be some exceptions in the short term, but in the long term by definition to invest you need discretionary income otherwise you are gambling, and frequently many of us who are familiar with bitcoin will suggest a 4-10 year or longer timeline in order for the investment to count as investing rather than trading or gambling... which people can do what they like, yet bitcoin seems to be amongst the best if not the best of investments, so it would seem a bit odd to either trade it or gamble with it unless you were limiting the amount of your bitcoin holdings that you would use for such trading/gambling purposes, such as less than 10%. or some other amount you have deemed to be reasonable based on your various financial and psychological circumstances.
Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
and because of that, someone who invests in bitcoin needs to have a stable income and also savings that they can use when they need money for emergencies. because when someone does not have savings and they need money, then what they will do is think about selling the investment they have made, even though the condition at that time could be that their investment is in a state of loss, and that is a big mistake.
investors from the start must think about how they can divide between their investments and savings, so that when they need money for emergencies, then the savings can be used for that, not selling the investment they have made which can cause losses.
That's what actually happens with many older plebs, because their life-conditions prompted them to sell their Bitcoin in times when they need money. It usually happens to investors who are married/have kids. It's very hard for them to have the same sort of conviction as the person who's young and single with absolutely no responsibilities.
I believe if you're still young/single, DCA with some of your monthly salary, save the rest. If a golden opportunity happens again, like a bull cycle ending DIP, then like some people during 2019,
Buy the DIP, and HODL. It might be a stupid financial decision, but being young gives you some time to recover and start again.
You have made this argument before Wind_FURY, but I don't buy it. Sure if you are young, you have a longer timeline for investing, but if you are OLDER you have had time to build your investment, so yeah, if you start investing when you are older, you have the disadvantage of the timeline, and maybe you also learned some bad habits in life that you are not able to easily break.
I am not going to go into too many details in terms of flushing out the various flaws of your over-generalization, even if there are some truths in it, it is still problematic to presume that older folks cashing out of their investment has to do with their age and their family status rather than their failure/refusal to account for more complicated finances as compared with a young person, so the mere fact that an older person might have more complicated finances, should not mean that he was not able to learn through the years how to grow his investment style, finances and psychology in order to sufficiently deal with and to advantage from his more complicated situation.
Surely bitcoin can serve a role in the life of the older person or the younger person, even though they likely have different personal circumstances for which to account.
