My Appeal to the Average Joe and Jane Bitcoin Investors: Buy Bitcoin Now! - page 3.

Odusko

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Quote from: CryptoHeadlineNews on July 23, 2023, 06:50:39 AM

From my observation about the Bitcoin chart, I was able to understand the gradual progressive price movement of Bitcoin ever since last year when it's value fell very low, because I was able to notice that from September 9th to December 26th 2022 (i.e 4months), we had Bitcoin revolve around the price of $15k to $20k, and likewise from January 9th to March 9th 2023 (i.e 3months period), we had the price of Bitcoin revolving around $20k to $25k, and likewise since April 13th till date we now having Bitcoin revolving around $25k to $30k price per BTC, of which from next month August to November, we are expecting to see the price of Bitcoin hitting between the price range of $30k to $35k..

For the fact that bitcoin suffered a major price crisis in the run up of the year 2022, it has become more evident that bitcoin started the year 2023 onna recovery mode and bitcoin gave continue to to make visible price movement ever since then up till now, bitcoin have become one of the most loved assets and with it large individual adoption bitcoin also have paved the way for institutional interest to the cryptocurrency market and this have given the market a positive vibes that have increased the adoption in recent time and that is reflected on the price of bitcoin.
The year 2023 have started on a good note and i belief it will round up on a very exciting note for all the bitcoin holders, but at this point, i cant advice any one to buy more Bitcoin since they have already missed several discount price in the past.

Z-tight

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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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BIT-BENDER

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And if the average bob or Jane buys and then the market starts to drop and we enter a serious bear market I am guessing you should be held responsible right? You don't just desperately tell people to buy things like that especially when there a so many parts to the commodity you want them to buy.

How do you expect an average bob to survive the crypto-currency space after buying without guardians, they are chances they would get scammed or possibly misplace their seed phrase, save their Bitcoin on exchange are fall victims of so many vices.

EFS

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It's not that useful advice because average joe isn't here. If you post this in Facebook etc. you might have more exposure and fit in the right audience. People here already know about Bitcoin and its advantages and they already invest in Bitcoin, except a few trolls who come and go casually.

I'm more attracted to Bitcoin's decentralized structure where we can actually protect our money from governments absurd economic policies, rather than the expectation that it will rise in price. Of course, no one can say no to the price increase as well.

Beparanf

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

Dear Average Joe and Jane in the Bitcointalk Community,

You should do this kind of appeal on a community that doesn’t engaged on Bitcoin instead here which most people knew this forum since they knew and invest on Bitcoin. Social media and other forum that is not crypto related should be your target if you want to encourage average person to Bitcoin on current price.

Most of users here holds Bitcoin mostly high rank since signature campaign here is paid by Bitcoin. This campaign is good but maybe do it with audience that is not involved on Bitcoin.

Fiatless

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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 don't think it's right to appeal to people to buy Bitcoin. You don't even encourage people to buy, they should be allowed to make their choice. People can decide to invest in order areas apart from bitcoin, so let them make their decisions. If you have the opportunity tell people about Bitcoin and you have done your bit.

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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.

Which organization do you want to compete with. They have the funds to buy as much as they can and nobody can stop them because it is a free market. I know there are wealthy bitcoiners but I doubt our capacity to compete with these multi-billion dollar firms. You don't need to buy one bitcoin to be part of the market. Retailers will always have the chance to buy Bitcoin according their capacity. There is no need to rush because there will always be opportunities to buy and sell.

Quote

My Recommendations and Suggestions for You

The Dollar-Cost-Averaging Strategy:

Diversified Acquisition:

Your Bitcoin Colleague,
AlphaKilo

Thank you for this recommendation. DCA investment pattern makes investment easy and spreads the risk. If you have a monthly plan, you will b surprised how much you have earned in one year. Receiving bitcoin payments for selling goods or offering services is a good means of joining the Bitcoin train. Many people wouldn't have had the opportunity to own bitcoin if not for bitcoin-paying services.

SamReomo

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I would recommend you to find that Joe and Jane first before guiding them about Bitcoin investment because in this forum most users already know about Bitcoin and have invested in it long before you even heard about it. The forum has active members from 2011 to 2013 era, and they all know everything about Bitcoin investment since that time, and that's why I told you to find those average Joes and Janes somewhere else because you won't get them here.

I also recommend you to allow everyone to buy Bitcoin when they want it, rather than telling them to buy it right now because it's the right time to invest in it. The time has always been right for those who invested in Bitcoin, and I'm quite sure that those who will invest in future will also have good returns from their investments. It would be better for them to go with their own decision rather than following someone else's.

Ale88

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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.

Of course I'm pro bitcoin but I don't agree with this kind of appeals on suggestions. We are talking about investing money here, and if someone invests his own money should be 100% comfortable doing it, not just because someone on a forum suggested him to do it. It's 2023, everybody knows what bitcoin is, if they want to get more info they can, if they want to buy they can, if they don't do it they just don't care, that's it.

Crypt0Gore

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Which average Joe and Jane you referring to? Your advice only makes sense to Joe and Jane that are already in the crypto space, that understand what Bitcoin is all about, this advice is and for Joe and Jane that are not into crypto yet, it's like forcing food down someone's throat.

The DCA strategy is always good but not everyone can keep up, those who make money from time to time will be able to DCA with no problem but for small investors that will be challenging for them.

My advice is DCA if you can, it's the best strategy, but if you can't, it's not a must, we all have other things going on in our lives that requires money spending, just make sure you have Bitcoin before 2025, that's all.

ImThour

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Dollar Cost Averaging is the best way to be very honest, and I have tested it myself for years. You generally keep on buying x% of amount from your salary/income. If the Bitcoin price goes below 30 RSI on a weekly timeframe, you simply buy the dip with more amount than DCA. This will improve the average cost a lot than anything else. And do not even think of selling it before November of 2025.

Captain Corporate

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There have been a lot of us who keep trying to get them to buy bitcoin but unfortunately not enough of us do. Thankfully there are some people who do, and that's a good thing and we are going to end up with something terrible, but that doesn't mean that we are going to end up with something good. I believe that we are going to end up with anything bad, I mean there are tons of people who are interested in this, but I believe that we can't make that type of difference by just leaving some of the people out. We need to make sure that we do fine and for that to work we need to make sure that we are making some sense as well. I hope it gets done well, so more people join.

Blitzboy

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Price doesnt matter at all to these fat cat organisations. They are in it for the long haul, and they have enough money to last through rough times. When you say that their adoption plans are based on how the market feels and what the trends are, you are telling the truth.

Your idea of DCA is like wearing a protective vest in a gunfight. It spreads out the risk and takes the guessing out of timing the market. You always buy, no matter what the price is. Your plan is the honest-to-goodness, blue-collar way to spend.

But lets keep going. Bitcoin is a giant, and we all know what it can do. We might be able to ride the wave all the way to the moon if we spread out how we get bitcoin and find new ways to get it.

kryptqnick

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Waiting for institutions is really a form of procrastination, I think, as there are no specific points in time or criteria to buy Bitcoin here. How many companies should invest, does it matter which ones, does it matter how much they invest? Without answering these question, a person can always decide to just wait longer.
But people also should invest if they don't believe that Bitcoin will grow and/or can't afford to take a risk. Adoption of Bitcoin as a form of payment can be a nice alternative, yes, but a lot of people aren't in a position where they can affect the currency in which they're getting paid.

mvdheuvel1983

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The OP should take it easy. We all tire of all the advice and counsels and appeals. Any serious person should be able to take responsibility for their Bitcoin holding and since you are not in the plans of every individual you cannot tell them whether they should invest before institutional investors or not.

Some people who are outliers would are waiting for institutional investors to adopt Bitcoin before they make their move. For them it is not about whether they small investor and it certainly not about the price of Bitcoin.

Latviand

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Sure I'll buy some, when there's money left in my paycheck, 60% goes to my bills while the rest goes for my daily expenses, I live alone and my monthly paycheck is around 250$, it might not be a lot to most of you but I can manage for a month with that money. In conclusion, I don't have any money left to buy bitcoin now.

P.S.
That's not my situation, I'm talking in perspective about what's an average Joe/Jane is in my country although I could be wrong with my assumption.

Franctoshi

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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 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.

CryptoHeadlineNews

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From my observation about the Bitcoin chart, I was able to understand the gradual progressive price movement of Bitcoin ever since last year when it's value fell very low, because I was able to notice that from September 9th to December 26th 2022 (i.e 4months), we had Bitcoin revolve around the price of $15k to $20k, and likewise from January 9th to March 9th 2023 (i.e 3months period), we had the price of Bitcoin revolving around $20k to $25k, and likewise since April 13th till date we now having Bitcoin revolving around $25k to $30k price per BTC, of which from next month August to November, we are expecting to see the price of Bitcoin hitting between the price range of $30k to $35k..

Kryptowerk

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Disobey.

Quote from: cryptomaniac_xxx on July 23, 2023, 06:34:51 AM

Although we might take this advise positively, I guess it is still to vague for the average joe/jane.

[...]

I agree with that.
Instead of advicing average Jeph and Jane to invest in Bitcoin, send them some of the lesser known but amazing facts about Bitcoin.
This can start by providing a few links to Andreas Antonopoulos talks, or just sending them some other informational but intruiging resource.
Or, even better, let them download a wallet, send them a few funds while you are on the other side of the globe and let them experience the ease of use and direct, decentralized manner of Bitcoin themselves.

A healthy Bitcoin journey shouldn't start from a greed-based but uneducated point. Sure, if they are lucky and ride that first big wave possibly coming in 2024 well, they will be excited. Until the correction comes and then the journey usually ends there because "Bitcoin is obviously dead now".

Still, glad you mention dollar-cost-average and your second point isn't too bad either. : )

cryptomaniac_xxx

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Although we might take this advise positively, I guess it is still to vague for the average joe/jane.

And for sure, majority of us has been investing on it, doing DCA as the OP suggested. And we carefully and painfully doing this for many years. And some of us has made some money already.

And there could be set of new investors to come to the ecosystem and then invest. So I guess it's going to be cyclical.

Lucius

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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?
---
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.

Where have you been at least 10 years ago with your advice - so all of us would be rich if we knew that Cheesy

You forget that these rich investors have one big advantage at any time, and that is that they have huge amounts of money and can afford to invest for a long period without it significantly affecting their financial situation. So if someone buys now and then sells at some point in the future he made a profit, but the big investors are again in possession of these BTC and control the game.

If at some point in the future most decide to sell their BTC (and when the price is tempting they certainly want to) what advice will you give us at that moment?

Topic: My Appeal to the Average Joe and Jane Bitcoin Investors: Buy Bitcoin Now! - page 3. (Read 506 times)