Topic: Buy the DIP, and HODL! - page 46. (Read 129198 times)

For other people who have lots of experience to deal with bitcoin provably they would know the point of those tricky opinions.

But we should not forget that there are so many newbies that can able to read each sentences we write. That's why its really good for us to avoid writing up any possible statement that can mislead people.

That's why I agree to those people saying that we should call bitcoin as on its name and separate that crypto calling to alts. For calling a name which is related to scam then provably it will confuse newbies and worst they might think that its a scam because someone call it as Ponzi. We can make it easy to understand if we didn't put any unwanted label on bitcoin.

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.

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.

Yeah you are right if one don't call Bitcoin by it's name you may mislead some newbies, I know someone who believed that all other crypto coin are also known as Bitcoin which lead him to invest in a shitcoin and he lost his money, so we should always call Bitcoin by it's name to avoid complicating things.
Ponzi scheme has really made a lot of people lose there money and by the mention of the name Ponzi what comes to some people's mind is scam and Bitcoin should not be link to Ponzi as is a very different thing.

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.


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?

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 agree with you in Long term investment investor need patient enough time and mindset to sacrifice allot because of market volatility , if you can not hold it enough time in the capital during this temporary profit or less investment is cripple, for me investment is a again of day and a profit of tomorrow

Daily price tracking is not suitable for long term holders but I can definitely say that those who do daily price tracking can have a good idea about Bitcoin. Price tracking is not a bad idea especially to have a better idea of ​​when an investor buys when he will have the opportunity to buy from the dip and when his profit will increase. Price tracking is not essential if one is a long term holder.

It's not a bad idea to do daily price tracking to see if the Bitcoin price is going to dip. Price tracking is a daunting task for any type of trader, but for those who do DCA on a regular basis, price tracking can help even more and who are intend to be long-term holders, price tracking focus on the accumulation of Bitcoins.

We all know that before an investor can be successful with his bitcoin investment, he will have to hold his bitcoin for a long time, like 4-10 years or more. But I want you to understand that profit in bitcoin is not only measured by how long you hold your bitcoin but is also measured by how much money you have invested in bitcoin and the quantity of bitcoin you have accumulated. 
A long-term bitcoin investor doesn't need to master any trading strategies because they will not be of any help to him in accumulating bitcoin. What a long-term bitcoin investor or a newbie should know is his finances to know if he will have discretionary funds that will allow him to invest in bitcoin. Trading is not what a newbie like you should adopt because you lack the knowledge and experience that will guide you to be successful in trading. Just focus on accumulating bitcoin with the money you will not need for 4-5 years or more and also build up your emergency funds as you are in your accumulation journey, which will allow you to solve your unforeseen problems anytime they arise and leave trading for those who have enough money to throw a few dollars in trading. 

Market observation makes a person aware of the market position. Whether you are a trader or an investor, market observation will help you understand price movements. Being aware of the ups and downs of the market plays the most important role for a deep investor.

If a DCA investor wants to be aggressive in investing during dips then it is positive for him to prepare to be aggressive by watching the market. There is no harm in market observation if you can prevent yourself from the negative effects of market observation.

If you are afraid of unstable market conditions or market observation makes you think of selling investment when the price rises or falls then you should refrain from market observation. Embrace the positives of market observation and avoid the negatives.

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.

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.

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.

Bitcoin has a limit ie it is fixed.  So we can easily understand the concept of supply shortage or less scarcity when it comes to Bitcoin.  Total Bitcoin is 21 million.  Of these 21 million, 90% came on the platform.  Now it is said that the remaining 10% of the issue will take more time?  I think it will take another 110 to 115 years.  Because every four years the mining reward of Bitcoin is halved which we call halving. Day by day the availability of Bitcoin will decrease.  And this is one of his characteristics that made him even more great.  Slow issue process, low scarcity and long-term value retention are some of its features.

Scarcity already exists in bitcoin, and pretty much we know the exact issuance until 2140-ish, even though we don't know which miners will mine the BTC between now and then.

I doubt that very much productive purpose comes from trying to suggest that bitcoin is less scarce, merely because right around 10% of its total supply still needs to be issued over the next 115-ish years.

Don't be FOMO about investing in bitcoin just because you are tempted by the returns other people are getting. They may invest, but first learn how to invest correctly and how you manage your investments. However, it cannot be denied that some bitcoin investors are actually those who do not understand investment. They are not involved in any investment before and they brave invest in bitcoin because of FOMO or whatever.

I didn't come with anyone else's experience and to be honest I came without any knowledge myself. Bitcoin investment is increasingly popular as real use cases and large investor involvement in it increase. Several countries have adopted it as legal tender, as have several large companies. But before you expect returns from Bitcoin, you should train yourself to understand what is considered important in investment management.

Bitcoin is a very popular investment direction at the moment, the benefits of investing in bitcoin have provided a large roi for investors who have bought it, for example the profits obtained by saylor, of course that is an example. we cannot predict the future of what the fate of bitcoin will be in the future, but we are driven by many things that make us interested in investing in bitcoin.

First because of the limited supply.
And also the increase in the price of bitcoin and the mass adoption that has occurred so significantly in the last 16 years since its launch. That's just a rough guideline but it's enough for us to switch to bitcoin as a new investment.

Investors who hold bitcoin will become millionaires someday when the last halving occurs in 2140 where all btc is circulating and scarcity will occur. But I don't think we will see it because it will take another 116 years to see the last bitcoin closing halving.

Of course, you never said it was a Ponzi scheme, that question was never directed to you but to those who thought it was a Ponzi scheme simply because they are used to the traditional and fiat systems. But your concluding path is a bit confusing and I can assure you that it will mislead a lot of people to call Bitcoin a Ponzi scheme even though you didn't mean it that way, but the way it is structured, which is the truth. Some bigots here may even attack you on that for their blind extremism. To avoid such, I advise you to say it only in the midst of wise people who will rather be objective and insightful.

That's correct mate , and yeah Bitcoin is one of the best investment sofar even , those who invested and those that are yet to invest on it can still testify that Bitcoin is one of the best investment. That's why I keep saying that those that are still doubting the potential of bitcoin still now and those that are still waiting and hoping for Bitcoin to crash to $0 is their loss , because as they are waiting , others are grabbing the opportunity to be part of Bitcoin investment, because they can see the growth in bitcoin.

Hmmm Bitcoin in the next 20 years , bitcoin price would be so different (increase in price) from now . Though there's no guarantees but still hoping in bitcoin investment now , can be something you may endup been proud of the next 4-10 years and above.

Yeah Bitcoin right now is higher than Gold, Gold has been in existence for thousands of years now but Bitcoin is just 16 years old but is growing very fast and I think Bitcoin should be considered when comparing the two as best investment, even though Gold has more use cases, while Bitcoin is limited to financial instruments and services only Bitcoin is still growing more than Gold and looking at these it may be very much surprising seeing that Bitcoin is doing more better however one good reason why Bitcoin will keep growing more than Gold is because Bitcoin is limited only 21 million Bitcoin was created but gold is not limited people are mining more and more gold every day.
If you give Bitcoin the next 20 to 30 years one won't be able to compare Bitcoin and hold anymore because Bitcoin would have been a way more bigger.