So don't be among those that are going to regret missing out again.
"Just a quick word of caution here. Bitcoin is about to go parabolic again. If you get the opportunity to buy Bitcoin one last time under $90,000 this week, be prepared to take it. We won’t see these prices again until 2026, if ever. Take care and Godspeed."
Reference link
https://x.com/mikealfred/status/1858153905429102904?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EtweetNot an advice. I don't encourage any FOMO. It's counterproductive
Don't enter if you know you init for the short Term. We are in a thread in which we are largely talking about long term, yet you seem to want to talk about trading. So you are saying don't come in now if you are in bitcoin for the short term, and even that is a strange statement, like you are expecting the BTC price to dip from here?
We talking about the same thing. We close to a temporary ATH and I wouldn't want any entering it their mindset is short term in case there's a minor dip.
Most likely people tend to sell and start getting swayed by blogs that suggests Bitcoin is going to $70K.
I believe we are going bigger doesn't mean others are
And if they hold, There would be no need in been scared of Buying Now.
In a nutshell, I'm advising against trading not encouraging it.
So don't be among those that are going to regret missing out again.
"Just a quick word of caution here. Bitcoin is about to go parabolic again. If you get the opportunity to buy Bitcoin one last time under $90,000 this week, be prepared to take it. We won’t see these prices again until 2026, if ever. Take care and Godspeed."
Reference link
https://x.com/mikealfred/status/1858153905429102904?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EtweetNot an advice. I don't encourage any FOMO. It's counterproductive
Don't enter if you know you init for the short Term.
Your statement is sounding more bearish, of which I don't really agree with that. For the fact that you are advising certain set of people to stay away from it shows that the price is about to dip from here until 2026 which I believe is wrong.
I'm quite certain that the number of people more bullish about Bitcoin here is few.
I don't give advice without letting others know there are risks.
I shared the post because I agreed with the view
We ain't seeing this prices again and might not in 2026 when we are supposed to enter a Bearish Market.
Again not an advice, Just my personal opinion.
Even though you claim to be clarifying, you still seem to be waffling in what you are saying, since you seem to be worried that you are going to get blamed if you tell someone to start buying and then the BTC price dips after they already bought.
If someone is brand new to bitcoin, then I suggest to get started as soon as possible, and waiting is not a strategy.
Also, I suggest that they do not even pay attention to BTC prices, just continue to buy for 4-10 years or longer and perhaps at various points along the way they can adjust their strategy.
Many people would be coming in a DCA kind of a style if they are a beginner, yet if they have a lump sum available, then they could consider how they are going to treat the lump sum in terms of buying right away or employing various forms of waiting.
Of course, the three accumulation methods is buying right away, DCA and buying on dips, and perhaps a person with a lump sum could invest some right away and set some portion aside for buying on the dip, with a risk that a dip may or may not come.
In the end, they are responsible for their own actions including if they decide to delay or wait rather than getting started right away, and surely another way of being concerned about starting right away is with adjusting the position size, yet no matter what there is likely going to be some learning that is involved, and that learning is their responsibility, and one of the better ways to learn is by getting started and figuring out position size in accordance with discretionary income and to learn as they go with some amount that is comfortable to them with the risk that not investing is likely a greater risk than investing, even though it could take several years of ongoing investing into bitcoin before the Bitcoin starts to become profitable, yet none of us is going to know where the BTC price is going to go, including waiting seems like a really poor strategy, and yeah if some one only has $100 per week that they can invest then so be it, and if they only have $10 per week then yeah, they are struggling more, but I still have trouble considering that whatever amount they are starting with is advantaged by waiting rather than putting the money in as long as they are also making sure that they work on their cashflow management practices as we also discussed, which may well be a need to build a back up fund (like an emergency fund) at the same time that they are investing into bitcoin in the event that they don't already have some back up funds built up...and they do not need emergency funds prior to getting started, but they do need to have discretionary funds and their emergency funds and their buying into bitcoin can be built up at the same time, and it could take them several months and maybe even a year or more, just to build up their BTC investment and their emergency funds to be something in the ballpark of 3 months of their expenses.
I think several of us repeat many times to not be getting worked up about price when new to bitcoin, yet so many people, including you Ambatman, seem to be getting distracted by price... so yeah, do what you like and if the price hinders you from acting, then you are the ONLY one responsible for that. You are responsible if you act and you are also responsible if you fail/refuse to act, and surely over the years one of the BIGGER problems seems to be so many folks who fail/refuse to act and they remain low coiners and no coiners because they continue to be unable to get themselves out of what seems to be a state of paralysis.
The more bitcoin you collect the more profit, because you can store it for a long time and this will be the DCA method. But currently if someone invested in October and his investment increased by 2 to 3 times in November then surely most success is possible with proven bitcoin long term holding.
Note that the bull market is not over yet, so even with bullish prices, if you hold Bitcoin with the DCA method, you will save on the purchase price. That's why DCA method is the best and has the most role in Bitcoin investment, so you accumulate Bitcoins little by little in which you can accumulate the maximum . And stay away from bank deposit, deposit bitcoin money.
Of course, DCA method is one of the ways of accumulating on a regular basis, yet I see no problem keeping some money in banks or however, you might be holding your fiat too, but yeah, with the passage of time, if you keep building your bitcoin holdings, then it will presumptively get larger and larger quantity of BTC contained therein, and if the BTC price goes up then overall, you would have good chance to have better returns with your BTC money as compared to having had kept such money in the bank.
You do likely have to secure your BTC in private ways, especially as they get to become larger amounts, so you have less possible issues with third party custodians. You also likely have to realize that there is no guarantee that your BTC will outperform your cash or other places you could have had invested your money, so you should be figuring out an allocation size into bitcoin that is comfortable for your balancing of your cash versus your investment into bitcoin versus your investment into anything else if you have other investments.
You are absolutely right, money kept in the bank and the one invested in Bitcoin, the return will be very different and off cause the one in Bitcoin will be more than the one in the bank and if actually one is saving them they both can bring return but not in same percentage. And one of the reason why I prefer keeping or investing in Bitcoin is that I can't easily take or withdraw unlike bank where I can easily withdraw and used it up .
If you don't keep some money in the bank then where are you going to keep it?
Sure maybe you deal with cash, but you might have bills and then you might have to keep some cash reserves, emergency funds and float, where you going to keep that money? all in physical cash? I am not agains physical cash if that is how you deal with matters, but it seems that if you are able to have bank accounts then you would be using banks as a way to keep money, even if it might not earn you anything. Sure some banks pay interest, but some also charge fees too depending on what you are doing in relation with your account.
I suppose that I was mostly responding to the earlier comment that was suggesting to keep money in bitcoin but to not keep any money in banks, which seems a bit impractical, even though I know that some folks are unbanked and they also have difficulties getting bank accounts, so if you are not able to get a bank account anyhow, then maybe you don't have any issues, even though bank accounts can have various useful purposes... including sometimes building credit in traditional financial systems and appearing to be a regular person without raising a lot of red flags...sometimes bank accounts can help to lessen the raising of red flags if you have them and you use them for some of your cashflow management matters whether income related or expense related.
The more bitcoin you collect the more profit, because you can store it for a long time and this will be the DCA method. But currently if someone invested in October and his investment increased by 2 to 3 times in November then surely most success is possible with proven bitcoin long term holding.
Note that the bull market is not over yet, so even with bullish prices, if you hold Bitcoin with the DCA method, you will save on the purchase price. That's why DCA method is the best and has the most role in Bitcoin investment, so you accumulate Bitcoins little by little in which you can accumulate the maximum . And stay away from bank deposit, deposit bitcoin money.
Of course, DCA method is one of the ways of accumulating on a regular basis, yet I see no problem keeping some money in banks or however, you might be holding your fiat too, but yeah, with the passage of time, if you keep building your bitcoin holdings, then it will presumptively get larger and larger quantity of BTC contained therein, and if the BTC price goes up then overall, you would have good chance to have better returns with your BTC money as compared to having had kept such money in the bank.
You do likely have to secure your BTC in private ways, especially as they get to become larger amounts, so you have less possible issues with third party custodians. You also likely have to realize that there is no guarantee that your BTC will outperform your cash or other places you could have had invested your money, so you should be figuring out an allocation size into bitcoin that is comfortable for your balancing of your cash versus your investment into bitcoin versus your investment into anything else if you have other investments.
You are right JJG, some folks do think that as they are hodling in bitcoin that there is need for them to also accumulate cash and save it in the bank because they feel that if they don't accumulate Fiat, an emergency need might come up in the future where they will be left with the option of selling part of their bitcoin, so in order not to encounter such circumstances at a point while they're accumulating bitcoin, makes them think that if they have some cash in the bank it will enable them to use the money to sort out any emergency that would have led them to selling part of their bitcoin.
It is a wrong investment practice to be accumulating bitcoin and also accumulating Fiats as savings. Apart from keeping emergency funds that will take care of any emergency need that may arose in the future, i see no reason why a bitcoin investor will come up with the idea of accumulating bitcoin and also at same time accumulating Fiats because bitcoin gives more privacy and complete ownership over your money and has the tendency to grow with time unlike Fiats that are in the custody of a third party (banks), of which instead of your money experiencing growth, it will rather reduce as a result of some charges being deducted by the bank for either account maintenance or other needless charges in form of service fees.
Even if there is no guarantee that bitcoin will outperform cash, but having a self-custody of your money should be taking of high priority especially if you have a huge amount of money. The comfort, privacy, self-custody and the ability to make larger transactions without a limitation is the kind of freedom and privileges that any bitcoin holder enjoys as against a cash holder. There is need for a bitcoin investor to figure out a way of keeping money in Fiats and accumulating bitcoin such that his investment amount in bitcoin should not be equal with the amount he has kept in Fiats, the amount stored in bitcoins should be way higher than the amount kept in cash for emergency needs.
Your vision of the use of the bank and how much cash to have seems to differ from mine, and surely there are likely going to be a variety of ways to keep money, and if you ONLY have money in bitcoin and merely your emergency fund as physical cash, then you may well end up not having as many options as you might have if you have money in a variety of ways, and sure when we are in our earliest stages of building our bitcoin holdings we might not even have very much cash, yet I think that the more and more bitcoin that we have, then the more and more likely that we are going to want to keep cash in a variety of ways in order that we have a variety of ways to take care of our expenses and so we are not forced to ONLY have our bitcoin to rely upon.
Another thing there is likely some value to be working within various traditional financial systems, even if there is only keeping the appearance of working within such systems, so I would think that the richer we become, even if only on paper with our bitcoin, then we likely need to have systems in place so that we are not raising red flags when we are starting to spend our bitcoin. Sure it could be possible that we are going to be able to find places to spend our bitcoin in peer to peer ways or maybe we think that when it comes time to spend our bitcoin, we will figure that out later, like 15 years or more down the road. Sure there maybe some truth with that, yet I think that there may be some practicality that sometimes will come with having various options whether they are fiat based options or bitcoin based options, and maybe it is a bit difficult to talk about these various options, since the options of guys is going to vary quite a bit, and surely there are going to be some guys who are wanting stay separate from fiats systems, which could have its own trade offs... and maybe if anything my main point might be that there is utility with having various systems even if NOT all of the capital is working capital, and sure the bitcoin investment is meant to be working capital that might take way more than 10 years before it is even touched beyond building it and maybe if it is spent it is spent and replaced.
