My Appeal to the Average Joe and Jane Bitcoin Investors: Buy Bitcoin Now!

BVeyron

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Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

Dear Average Joe and Jane in the Bitcointalk Community,

I hope this appeal finds you well.

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision. Why am I making this appeal to you? First, these big institutions, who may have bitcoin on their radar, do not necessarily care about bitcoin's current price when they decide to enter the market. Bitcoin may be at 50k or 100k; they do not consider the price. Their adoption approach mainly focuses on market sentiments and trends. To buttress my point, big institutions that would adopt bitcoin make the decision to invest based on their analysis of the bitcoin market's potential for growth, rather than the specific price at the time of entry.

Another reason why I appeal to you to buy bitcoin now is that there is always a price push from institutions when they enter the bitcoin market, as we have seen in the past. Because they buy thousands of bitcoins all at once, they create a lot of buying pressure that eventually leads to an increase in bitcoin's value. The result is that the price is driven up, and this makes it difficult for retail investors to buy bitcoin.

My Recommendations and Suggestions for You

The Dollar-Cost-Averaging Strategy: This strategy helps you create a plan to accumulate more bitcoins over time. With this strategy, you can invest a specific amount in bitcoin periodically at your convenience (e.g., weekly, fortnightly, monthly) irrespective of the price. Start now.
Diversified Acquisition: My recommendation and suggestion for you is to also look into alternatives for accumulating bitcoin. These alternatives may include receiving bitcoin as payment for a good you have sold or a service you have rendered. By doing so, you will slowly increase the amount of bitcoins you own and potentially make a profit in the long run when there is a price surge.

Your Bitcoin Colleague,
AlphaKilo

I assume that BTC is suitable for long-term hodling, so, yes, it's a good idea to buy it now. I think that btc can bring some profit in a couple of years... As for adoption, I think that adoption level will remain the same as it i now for a long time, because, first of all, the overall mining power is insufficient, especially if we want to transform btc into a system for everyday payments... Secondly, there are many uncertainties in legal status of btc: not all the uncertainties are easily solved, and some can't be solved at all, for example, the right to legally have btc assets can't be established, since blockchain-based currencies are anonymous. These things won't let adoption level be very high, however, some improvements will surely be done.

DLagarde

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It really is a good time to buy btc but I would wait for some more whales to sell it could go lower.

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Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

Dear Average Joe and Jane in the Bitcointalk Community,

I hope this appeal finds you well.

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision.

You're creating a FOMO with your post and it's not good for people who just get in without fully understanding the underlying technology of Bitcoin and for people who have limitations on their budget they will end up taking loans just to buy Bitcoin, I understand your concern about institution getting in first but the market is also volatile that one bad news people will dump their shares and you will be in a losing end if you accumulate Bitcoin on loans if you get in through FOMO.

Only invest what you can afford to lose always apply if you want to accumulate do so in a moderate manner, you can get an extra job so you buy Bitcoin at your own pace but never buy on FOMO.

Silberman

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Quote from: fullhdpixel on July 28, 2023, 01:28:40 PM

Quote from: KiaKia on July 27, 2023, 11:39:22 AM

It's really not easy to DCA into Bitcoin and hold for a very period of time, that's why many members on the forum are advancing people to have a source of income before you start buying Bitcoin, the journey will become boring if you have no more money to invest because we can't still predict when there will be a new dump for buying opportunity in the market. Also, we can't keep telling people to start DCA, some are not even the type to DCA, it's later they will find out that DCA is not for them.

Let's leave people to make decisions themselves, I was once someone who didn't like to DCA into Bitcoin because I don't in bear market, I used to think that bear season are where you exist the market until when bull market is getting started, it was later that I learnt my lesson.

The reason why you didn't know it or didn't like doing DCA was probably because you didn't have enough knowledge and enough sources to get the required information from, doing DCA is much better than buying with everything you have at once price point, just as you said, it becomes way too boring to just keep watching the market if it dips from the position where you've bought because you don't have any money left to keep buying every dip.

So those newbies and beginners who are just starting up should get this information before it's too late for them, the final decision is theirs for sure, but they should at least understand everything first and then they are free to decide for themselves whether they want to DCA or buy all at once.

Besides DCA is a strategy that emerges naturally out of the way we behave, after all we cannot accumulate all our savings that we want to use to invest in this market in just a month, instead out of the pay we receive at our jobs we save a small percentage out of it, so if we were to invest those savings each time we are paid then we will be performing a DCA in a natural way, in fact it is possible there are newbies out there which are doing this and do not even know the name of the strategy they are using, not realizing it is one of the best strategies they can use and they are using it without even trying.

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Quote from: fullhdpixel on July 28, 2023, 01:28:40 PM

The reason why you didn't know it or didn't like doing DCA was probably because you didn't have enough knowledge and enough sources to get the required information from, doing DCA is much better than buying with everything you have at once price point, just as you said, it becomes way too boring to just keep watching the market if it dips from the position where you've bought because you don't have any money left to keep buying every dip.

DCA requires many things like a long time for buying, patience, stable income to buy with your DCA plan. I am sure it is harder than buying immediately with all capital you have.

DCA will not be done if you can not manage to hold your capital and wait for time to accumulate Bitcoin or if your income source has problems and you can not get fix it after a while.

Without patience, you can not DCA successfully and you will not be able to hold your bitcoins too.

Quote

So those newbies and beginners who are just starting up should get this information before it's too late for them, the final decision is theirs for sure, but they should at least understand everything first and then they are free to decide for themselves whether they want to DCA or buy all at once.

They can buy all at once, it is fine if they plan to hold. In a bear market, buy all at once is not bad if they plan to hold till next bull run or next two halvings, two more bull runs.

They will not worry about buying at too high price because two next halvings sound enough to be higher than their entries and profit will be more certain.

fullhdpixel

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Quote from: KiaKia on July 27, 2023, 11:39:22 AM

It's really not easy to DCA into Bitcoin and hold for a very period of time, that's why many members on the forum are advancing people to have a source of income before you start buying Bitcoin, the journey will become boring if you have no more money to invest because we can't still predict when there will be a new dump for buying opportunity in the market. Also, we can't keep telling people to start DCA, some are not even the type to DCA, it's later they will find out that DCA is not for them.

Let's leave people to make decisions themselves, I was once someone who didn't like to DCA into Bitcoin because I don't in bear market, I used to think that bear season are where you exist the market until when bull market is getting started, it was later that I learnt my lesson.

The reason why you didn't know it or didn't like doing DCA was probably because you didn't have enough knowledge and enough sources to get the required information from, doing DCA is much better than buying with everything you have at once price point, just as you said, it becomes way too boring to just keep watching the market if it dips from the position where you've bought because you don't have any money left to keep buying every dip.

So those newbies and beginners who are just starting up should get this information before it's too late for them, the final decision is theirs for sure, but they should at least understand everything first and then they are free to decide for themselves whether they want to DCA or buy all at once.

teosanru

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Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

Dear Average Joe and Jane in the Bitcointalk Community,

I hope this appeal finds you well.

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision. Why am I making this appeal to you? First, these big institutions, who may have bitcoin on their radar, do not necessarily care about bitcoin's current price when they decide to enter the market. Bitcoin may be at 50k or 100k; they do not consider the price. Their adoption approach mainly focuses on market sentiments and trends. To buttress my point, big institutions that would adopt bitcoin make the decision to invest based on their analysis of the bitcoin market's potential for growth, rather than the specific price at the time of entry.

Another reason why I appeal to you to buy bitcoin now is that there is always a price push from institutions when they enter the bitcoin market, as we have seen in the past. Because they buy thousands of bitcoins all at once, they create a lot of buying pressure that eventually leads to an increase in bitcoin's value. The result is that the price is driven up, and this makes it difficult for retail investors to buy bitcoin.

My Recommendations and Suggestions for You

The Dollar-Cost-Averaging Strategy: This strategy helps you create a plan to accumulate more bitcoins over time. With this strategy, you can invest a specific amount in bitcoin periodically at your convenience (e.g., weekly, fortnightly, monthly) irrespective of the price. Start now.
Diversified Acquisition: My recommendation and suggestion for you is to also look into alternatives for accumulating bitcoin. These alternatives may include receiving bitcoin as payment for a good you have sold or a service you have rendered. By doing so, you will slowly increase the amount of bitcoins you own and potentially make a profit in the long run when there is a price surge.

Your Bitcoin Colleague,
AlphaKilo

I think the DCA always makes the most sense to me because market is so much unpredictable even if big institutions buy it you are still not sure about their future strategy, they might have plans to further invest when price goes down, so don't follow these news to put your money, make sure you go DCA to get good returns from market.

KiaKia

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It's really not easy to DCA into Bitcoin and hold for a very period of time, that's why many members on the forum are advancing people to have a source of income before you start buying Bitcoin, the journey will become boring if you have no more money to invest because we can't still predict when there will be a new dump for buying opportunity in the market. Also, we can't keep telling people to start DCA, some are not even the type to DCA, it's later they will find out that DCA is not for them.

Let's leave people to make decisions themselves, I was once someone who didn't like to DCA into Bitcoin because I don't in bear market, I used to think that bear season are where you exist the market until when bull market is getting started, it was later that I learnt my lesson.

uneng

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Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

My Recommendations and Suggestions for You

The Dollar-Cost-Averaging Strategy: This strategy helps you create a plan to accumulate more bitcoins over time. With this strategy, you can invest a specific amount in bitcoin periodically at your convenience (e.g., weekly, fortnightly, monthly) irrespective of the price. Start now.
Diversified Acquisition: My recommendation and suggestion for you is to also look into alternatives for accumulating bitcoin. These alternatives may include receiving bitcoin as payment for a good you have sold or a service you have rendered. By doing so, you will slowly increase the amount of bitcoins you own and potentially make a profit in the long run when there is a price surge.

The DCA strategy is a common and very reliable one on this market, used by a plenty of BTC enthusiasts.

However, the second one must be used more carefully and in specific cases, in my opinion. If you are going to be paid in BTC for a good or service, make sure you aren't going to need spending this money soon, otherwise you will have to exchange it into fiat, what will generate you some losses through taxes and fees you have to pay for your transaction to be executed and for the middleman exchange's service.

But in general, thanks for enlightening the average joes and janes about the importance of adopting Bitcoin right now, and showing them it's not too late yet to start their investments.

Maslate

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Quote from: Z-tight on July 23, 2023, 01:30:41 PM

You don't have to appeal or advise anyone to buy BTC, it is risky to give investment advice to people about BTC because they may blame you if the result they get is not what they expected. BTC is a popular decentralized currency and many people already know about it, some of them know it to be a censorship resistant and permissionless cryptocurrency that they can use to avoid censorship, and others know that the price is volatile and they can make revenue from it.

So don't appeal to people to buy BTC, if they want to use any of its use cases, they will buy BTC and be responsible for the decision, there is very good demand for BTC already and you don't have to worry about adding to it Cheesy

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Let the people think and decide what’s best for them. Bitcoin investment is a very volatile investment so you can’t expect that it will always be a source of profits for them most especially when the market turns into sudden bearish, I don’t think they can easily bear the stress of thinking when will bitcoin price goes up again. So in that case, a lot of them will only end up panic selling and lose their investment because they decide to invest even when they are not completely aware of its risk and danger of losing.

livingfree

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Some may misunderstood about diversified acquisition. Without reading the context, they may think of it as something as accumulating other coins and not just only Bitcoin.

The explanation was good and that's what everyone has to think of if they think that the price of Bitcoin now is still expensive. The expensiveness of Bitcoin now is subjective and for the beginners, it may really look as it is.

But if you've been through the bulls and bears, this is one of the best time to have it before the potential bull run next year/s.

panganib999

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I know you mean well with all these things and in your head you're after a noble cause of promoting bitcoin and its adoption by urging regular investors to buy as soon as possible, but as with what some folks here have told you already, I don't think it's going to work well especially when people don't like getting ordered around. Believe me when I say that everyone would invest in bitcoin and cryptocurrencies if they could, I never encountered anyone who's reluctant about investing in it, at least with those that I know are already involved in the cryptocurrency world.

What I'm trying to make a point out of is that people have reasons why they can't invest in bitcoin just yet, forcing them to buy now without the capabilities is just going to do more harm than good. Might as well lead a silent campaign instead of going balls-deep on urging people to invest in bitcoin.

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Quote from: jaberwock on July 26, 2023, 01:44:03 PM

Quote from: Franctoshi on July 23, 2023, 07:11:41 AM

Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

Dear Average Joe and Jane in the Bitcointalk Community,

I hope this appeal finds you well.

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision.

You don't have to appeal to anyone to invest in Bitcoin, except if you want to bear the responsibility of being their financial adviser which I don't think you are, allow people to do what they want when it comes to buying Bitcoin because investment in Bitcoin is a choice, people that find Bitcoin interesting and useful will Buy.
However, you can tell or spread the gospel about Bitcoin but leave people to take their investment decision.

Why not when some people are hard to convince and then there are people who don't prioritize Bitcoin if ever they invest in crypto. And so what if he bears the responsibility of being a financial advisor? I won't be afraid when the coin that I recommend is a solid coin and I have adequate knowledge to teach them about the do's and don'ts. It's already their fault if they can't follow the lesson that I provide.

You can say that we must allow people to do what they want because it's their money but I think that's also selfish. And you don't want Bitcoin to increase in a higher level? It can be achieved easily if more people invest on it and they will do the right thing.

While I get the whole "education is key" mantra, lets not forget that with great power (or in this case, knowledge) comes great responsibility. Playing financial advisor isnt a walk in the park, and mistakes can be costly - literally.

Now, onto your point about Bitcoin. Look, Bitcoin's great and all, but there's a whole universe of cryptos out there! Its like limiting yourself to only eating pizza when there's a smorgasbord of world cuisines to explore.

As for driving Bitcoin's value up... Yeah, in theory, more investments lead to higher value, but in practice, its a tad more complicated than that. There's also the risk of saturation and the fact that Bitcoin's value is also influenced by a plethora of other factors that we have little to no control over.

jaberwock

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Quote from: Franctoshi on July 23, 2023, 07:11:41 AM

Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

Dear Average Joe and Jane in the Bitcointalk Community,

I hope this appeal finds you well.

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision.

You don't have to appeal to anyone to invest in Bitcoin, except if you want to bear the responsibility of being their financial adviser which I don't think you are, allow people to do what they want when it comes to buying Bitcoin because investment in Bitcoin is a choice, people that find Bitcoin interesting and useful will Buy.
However, you can tell or spread the gospel about Bitcoin but leave people to take their investment decision.

Why not when some people are hard to convince and then there are people who don't prioritize Bitcoin if ever they invest in crypto. And so what if he bears the responsibility of being a financial advisor? I won't be afraid when the coin that I recommend is a solid coin and I have adequate knowledge to teach them about the do's and don'ts. It's already their fault if they can't follow the lesson that I provide.

You can say that we must allow people to do what they want because it's their money but I think that's also selfish. And you don't want Bitcoin to increase in a higher level? It can be achieved easily if more people invest on it and they will do the right thing.

Vaculin

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Winding down.

Your intention is great OP but there’s no way we can make an appeal and convince the people to start investing in bitcoin. Know that bitcoin investment is quite complicated and anyone who goes to invest without understanding bitcoin and it’s market well will certainly fall into losing just like other investors who have jump into investing without understanding how bitcoin works. Instead, tell them the benefits and risks of bitcoin investment and leave them to decide if they really want to take advantage and invest, or just ignore bitcoin investment.

The Cryptovator

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This may not be the most effective approach to advising someone on buying Bitcoin. It's essential to provide reasons and justifications for any suggestions. Institutional investors are indeed knowledgeable and experienced, so it's crucial to respect their expertise. If you're a Bitcoin holder, remaining patient and composed while waiting for the right opportunity, such as the entry of big investors, can be a wise strategy. This approach will likely lead to more convincing arguments and a better understanding of the market dynamics for potential investors.

Sanitough

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Quote from: Franctoshi on July 23, 2023, 07:11:41 AM

Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

Dear Average Joe and Jane in the Bitcointalk Community,

I hope this appeal finds you well.

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision.

You don't have to appeal to anyone to invest in Bitcoin, except if you want to bear the responsibility of being their financial adviser which I don't think you are, allow people to do what they want when it comes to buying Bitcoin because investment in Bitcoin is a choice, people that find Bitcoin interesting and useful will Buy.
However, you can tell or spread the gospel about Bitcoin but leave people to take their investment decision.

For an investment like bitcoin, it’s safer to just tell them about the risk of bitcoin investment than to convince them and bear the responsibility of their future losses. Because we all know that most of bitcoin investors these days are not after anymore to learn about its concept but to get quick rich with bitcoin that’s why they have to be aware first of it high risk and volatility that makes the market unpredictable, and makes newly investors more susceptible to losses.

Wind_FURY

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Quote from: Despairo on July 23, 2023, 02:55:16 AM

The worst advice to convince the Average Joe and Jane to invest in Bitcoin is when someone force them to start buy now when they still not understand what's Bitcoin, how's Bitcoin work and the reason they want to invest in Bitcoin.

Most of people are invest in Bitcoin for making money, but if they're invest in Bitcoin because of decentralization, inflationary, security, privacy and be your own bank reasons, they're definitely long term holder and not care about FUDs.

It's just part of that cycle of adoption when a new technology starts emerging like the genesis of the internet's popularity. Many people who didn't regularly use the internet during those early days thought it was just a short-lived craze used mainly to post pornographic images. It will be the same for Bitcoin, many people heard a rich old dinosaur say that it's "Rat Poison Squared", and therefore for people who don't use it, it's just a scam.

Cool

Mauser

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Quote from: Alphakilo on July 23, 2023, 02:46:21 AM

I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision. Why am I making this appeal to you? First, these big institutions, who may have bitcoin on their radar, do not necessarily care about bitcoin's current price when they decide to enter the market. Bitcoin may be at 50k or 100k; they do not consider the price. Their adoption approach mainly focuses on market sentiments and trends. To buttress my point, big institutions that would adopt bitcoin make the decision to invest based on their analysis of the bitcoin market's potential for growth, rather than the specific price at the time of entry.

Not sure if this is the place to get more people to buy bitcoins here in the forum. I would expect that all the users here are already heavily invested in crypto currencies and might not have any additional money to buy more. In my case for example I am following the DCA method for 1.5 years now to buy new bitcoins every month, but with the rising food cost and inflation it's hard to increase my savings rate. I also hold some stocks, but selling them would create a big tax bill that I don't want to pay now. My only real option would to liquidate all alt coins and shift the money into bitcoins. However, putting all my money into one single crypto coin seems a bit too risk. Spreading out my investments across multiple coins seems a better approach to reduce risk. If you really want to push the bitcoin market it might be better to find people who didn't buy any crypto currencies yet and convince them to start investing.

michellee

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Invest in Bitcoin or elsewhere or not invest in Bitcoin, it's up to them because we can only advise them. We cannot force suggestions on them to invest in Bitcoin, especially since they are still struggling to make ends meet.

But when someone already knows the potential benefits they can get from Bitcoin, they will try investing in it. And whether they are average joe or not, they will buy after researching the right way to invest in Bitcoin. They will not be in a rush to buy Bitcoins but will be cautious about investing in Bitcoins.

The average joe will not start investing in Bitcoin if they have not seen or experienced the benefits of Bitcoin directly because it will affect them psychologically. So let's leave it up to them and let them decide.

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