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

.

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.

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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.

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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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My advice to average and non-average pepole. Do not listen to anyone, including OP and including me.

Understand what your problem with money is.

Understand what you want to solve.

Understand what Bitcoin is, and if it can solve the problem you have.

Understand what you expect from Bitcoin and understand how much possibility is there for Bitcoin to meet this expectation.

Action.

MusaMohamed

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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.

Another reason why I appeal to you to buy bitcoin now

5 Resources to teach Average Joe about Bitcoin.

Average Joe can learn with 5 resources above but I disagree with you to say they buy bitcoin now. They are free to buy or not buy or keep their learning process as long as they want. Whenever they feel comfortable with knowledge about Bitcoin, the market and they can afford to lose their capital, it's right time for them to buy their first bitcoin.

Bitcoin will be there and will not die so Average Joes will have many opportunities and times to buy bitcoin.

Bitcoin is dead shows it is not dead.

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

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.

Buy bitcoins when you feel ready enough with your knowledge and goals. If institutions teach not to look at the price, why should the average Joe and Jane do otherwise? Next, you suggest diversifying the way by accepting bitcoin in business, is it when bitcoin reaches $ 400k, is it not feasible to accept bitcoin in retail business because it becomes difficult?

worle1bm

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Those who want to invest in it can do their research and decide the time for their investment but we can't force them to do so as we all have decision making powers.Although if you see that in coming months halving can push forward the prices then ofcourse this is good time but only if you plan to hold it for long term as in short term returns are not guaranteed.The average Joe should first of all learn why they should invest in it not based on someone's else advice because it's risky.

adaseb

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Don’t see the point of this post. If you are a member of bitcointalk you most likely already know about Bitcoin and other alt coins to invest in. Most people here are fairly tech savvy.

Most people however how no idea how crypto works and they stay away from it. Those people should be informed about why it’s wise to invest in Bitcoin. But they are on Facebook or twitter. They aren’t on Bitcoin talk.

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Quote from: Reatim on July 24, 2023, 09:14:54 PM

Buy Bitcoin now and forget about altcoins , this is the moment that we are waiting for as we can see about the movement of Bitcoin these days

https://coinmarketcap.com/currencies/bitcoin/

Im afraid that there will be no chance if we will wait for the next year mate, try to accumulate more and more this point in time.

Quote from: idkwhatimdoinghere4039 on July 24, 2023, 09:11:25 PM

I believe that now is the time to invest in bitcoin because the price of $30,000 is temporary and it will continue to grow

actually it is lowering mate, yesterday it almost drop to 28k so the chance is all ours now.

can u write me in tg about it @ malfa1teur

Reatim

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Buy Bitcoin now and forget about altcoins , this is the moment that we are waiting for as we can see about the movement of Bitcoin these days

https://coinmarketcap.com/currencies/bitcoin/

Im afraid that there will be no chance if we will wait for the next year mate, try to accumulate more and more this point in time.

Quote from: idkwhatimdoinghere4039 on July 24, 2023, 09:11:25 PM

I believe that now is the time to invest in bitcoin because the price of $30,000 is temporary and it will continue to grow

actually it is lowering mate, yesterday it almost drop to 28k so the chance is all ours now.

idkwhatimdoinghere4039

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I believe that now is the time to invest in bitcoin because the price of $30,000 is temporary and it will continue to grow

kotajikikox

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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.

Good for you appealing for crypto or bitcoin community but what drives to you to create this appeal ?

Quote

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.

well that is the main reason here because once those big institution starts entering surely the price will climb highly that average joe will hard to buy again.

Quote

My Recommendations and Suggestions for You

Your Bitcoin Colleague,
AlphaKilo

while we are aloud to give advise and recommendations yet we cannot force anyone to act on it so thanks for this and lets hope that this community will comply .

rikybrosh

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now is a good time to buy, it seems that bullish market will happen soon. usually we need to know about what investment that we want to get involved, it will be better we also teach them about bitcoin. at least they should know about bitcoin's limited max amount, decentralization, halving, volatility, and etc. since we know about bitcoin then I think it is okay to convince them to buy now, and tell them to hold it for a while no matter what. some people may panic to see bitcoin volatility and lead them to make wrong decision. I think we need to always on their side and help them when they need, once they experienced in getting profit in bitcoin, I think they will become bitcoin permanent bitcoin users.

Yatsan

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If it is for long term holding, atleast 2 years, then ofcourse buying at this point would be a good thing to do given that its price is still half of its ATH. And as we all know, once bullrun occur, the market value is again expected to reach and break the previous highest market price therefore the chance to earn profit is high in such way. But ofcourse there would still be risk, obviously; the market peice won't increase continuously in a consistent manner so still choose to manage things.

Quote from: romero121 on July 23, 2023, 06:10:55 PM

Most of the time people get into bitcoin and they make an exit at the earliest. This is all because of the improper understanding and investing into it looking for big money. When this turns to be a disappointment, some just leave it for the next set of growth. People who entered the market unknowingly will just endup losing and leave the market. These people who doesn't have the understanding and losing will then spread negativity about bitcoin which needs to be avoided.

Unfortunately, we have different circumstances. Ofcourse everyone wants to earn profit but not everyone are capable of just holding their asset no matter what happened. There are times they would pull out simply because they cannot stand huge losses even if it is just partial. On other instances are just impatience of things.

romero121

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Most of the time people get into bitcoin and they make an exit at the earliest. This is all because of the improper understanding and investing into it looking for big money. When this turns to be a disappointment, some just leave it for the next set of growth. People who entered the market unknowingly will just endup losing and leave the market. These people who doesn't have the understanding and losing will then spread negativity about bitcoin which needs to be avoided.

AmoreJaz

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Quote from: _BlackStar on July 23, 2023, 03:36:48 PM

Some Joes are certainly good at taking your advice instead of completely ignoring it - but they should have had good reasons before they started investing because after all they shouldn't see your advice as financial advice.

Meanwhile - we and anyone here shouldn't be encouraging everyone to invest in bitcoin if they don't know what bitcoin is. The average Joe should learn what bitcoin is before deciding to invest in it - but of course bitcoin is a great asset to consider.

everyone has their own take on this market and of course, the financial capabilities to put money into this sphere. so one may want to encourage people to buy their satoshis but they will act on this only if they truly believe that this market will give them benefit in the near future as well as their capability to invest without worrying that they need to get out their funds few days or weeks from now.

hatshepsut93

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The 2021 bull market was based on the hype around institutional adoption. As we can see, none of that adoption really happened. Microstrategy is the only company that went big on Bitcoin. That story might repeat again - a lot of hype about institutions, without any real commitments, which will lead to a bubble. And in bubbles it's important to not be a bigger fool and take a profit before it collapses. Yet this is easier said than done, because it's impossible to tell a correction from a crash until some time has passed.

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

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.

If a person buys Bitcoin because of decentralization, security, privacy, and being his own bank, then probably the user will not stock Bitcoin but use it for his daily transaction to protect his identity from theft, his funds from hackers and saves money from huge processing fee of third party institution. If the person is not for profit, then it is an obvious thing to use it to protect himself from the threat of cybercriminals. At the end of the day, holding BTC only means one thing, and that is to get profit one day when the BTC price increases.

_BlackStar

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Some Joes are certainly good at taking your advice instead of completely ignoring it - but they should have had good reasons before they started investing because after all they shouldn't see your advice as financial advice.

Meanwhile - we and anyone here shouldn't be encouraging everyone to invest in bitcoin if they don't know what bitcoin is. The average Joe should learn what bitcoin is before deciding to invest in it - but of course bitcoin is a great asset to consider.

Queentoshi

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I think the OP isn't referring to people who have not invested in Bitcoin but small Bitcoin holders. You can go back and read it again. OP has only made the use of the wrong word, "average joe and jane", that is why we are confused. I don't think he is forcing anybody to buy Bitcoin but making an argument for why they should buy more Bitcoin now rather than waiting until institutional investors start to buy and then push the price up till it is almost unavoidable for them.

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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.

You are on point mate. It’s a certain fact that bitcoin is good and profitable investment, but you cannot just simply convince people to invest without studying and investigating at first. And for those who easily fainted, I suggest do not engage yourself with bitcoin because you might only see yourself panic selling and losing in the end. However, for those who can be risk-takers and can manage to invest without expecting quick positive returns, then bitcoin is for you but always do your own diligence to make an intensive research first before jumping into bitcoin investment.

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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

Bitcoin DCA is an excellent strategy. However, the main questions to which you are not providing an answer is this: How much should one buy? And when should they sell?

Quidat

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

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.

Good recommendations but i would say that it isnt something that everyone would be considering specially if they arent having that sufficient or big capital or funds that they could really be having on which it is something that would really be that so hard if we do speak about taking such action specially on DCA and how much more on Diversification? No need to diversify if you are really just
sticking into something that have assurance on lasting for long time which is on Bitcoin, but if you are that someone who do love to gamble or risks more then you would really be having those
plans on trying out to touch up other projects which you wont really be focusing on something that would only give you x2 or x3 or a little on Bull run but rather be mindful about
taking up some actions on trying out to touch up other projects which could give even more. Invest on what you could afford as always as this had been the primary rule
on investing on this space which is something that you should be having in mind because you wont really be having that assurance on getting positive results on the time that you would step your
foot into this market.

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

.

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.

Quote

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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Bitcoin Bottom was at $15.4k

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..

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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.

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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?

Poker Player

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This thread is going to be, if anything, more useful for the OP to receive some merit than because it will make any impact on Average Joe.

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.

This

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

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.

Well, you can also invest for both reasons, as I think most of us do, but you are right that there is an essential difference in the one who invests in Bitcoin only for the economic motive and the one who does it knowing its intrinsic properties.

Despairo

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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.

Alphakilo

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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

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