Topic: The hidden truth about Bitcoin (Read 269 times)

The illustrations wey you give, using farmer and fisher man as an example of how bitcoin investment suppose d, d okay but no forget sae bitcoin investment get as em be, in the sense that we get the bull run and bearish market.

OP, before I start to explain further to you, would you like to invest for bitcoin during bull run when bitcoin don skyrockets reach $100k for example? When you fully the aware say, the bearish market d come for one to buy bitcoin at a low price.

No tell me sae people the buy bitcoin at that price cos that one na wetin you go talk. To counter that, people wey invest for bitcoin during her ATH "$63k" for 2021 wetin happen to them? Them no d for loss for now? Although we believe sae bitcoin go skyrocket pass the previous ATH during the upcoming bull run.

OP, if you read through wetin Agbe talk. You go know sae bitcoin investment na calculative investment plan. No be wetin go d invest anyhow just because the crypto market d open for everyone to invest at any time they want. For instance. For peso wey buy bitcoin of 100k naira wen bitcoin d $43k, go get more of bitcoin than peso wey buy am 100k bitcoin when em d $60k.

I think that anyone who is still waiting for the price of bitcoin to dip more before accumulating is just brainwashed with wrong orientation about bitcoin, or better still, he's just a trader and not a real investor. A little investigation into the performance of bitcoin over the years from start will keenly inform you that the normal price of today, will be the dip of tomorrow. Some people who were reluctant to buy at $38k last year, simply because they were expecting it to dip more are regretting it now because the normal price then which was $38k is now the new dip they're anticipating now.

Anyone still withholding himself from acquiring bitcoin now because they're expecting a dip, should better get informed of the reality which is that possibly in no distant time, the current price will be the new dip they'll be waiting for. A stitch in time they "saves Nine", start accumulating today, for a fruitful tomorrow.

This is one of the best explanation I have seen, concerning long term holding and short term holding. Those who hold Bitcoin for long, tends to get more more profit and good use of their investment when it's ripe to sell. But those who trade on short terms are just probably going to use the money to buy things or pay for expenses. But at the end long term holders would profit more.

Though the OP might be speaking in Riddles and parables but to sum up every thing he's trying to relate is that we should not always wait for things to be the way we expect it to be before we start making investments and that we should first of all invest and be optimistic that our investments is going to yield good results regardless of some circumstances that might surround it like the fluctuations of prices in the markets as fluctuations are meant to occur but that doesn't mean you should be afraid of making investments.

No be say I no agree oh but I wan remind us here say this DCA strategy get e own wahala make we no forget say Wetin Mr A get for account no be Wetin Mr B get depending on the cash flow Mr A fit no need DCA strategy rather because e get plenty money the best strategy for am na lump sum investing unlike Mr B way no too get but one dey comot small thing for investing every month Wetin I dey try talk be say
Dollar-cost averaging dey allow us to manage some risk on entry, but lump-sum investing, plus portfolio management strategies like rebalancing, dey provide the best of the two, putting our money to work more quickly even with risk management throughout our lifetime of your investment.

Wow!! This good. Waiting for the raining season to come before farming is waste of time because while you are waiting the real farmers are planting when the rain season finally come for you to plant, and those who planted in the dew season time have already harvested. And as you said, this is the best time to invest because the price is still low according to the prediction of the price. And if you invest  now that the price is still t the rate of the $42000 and when the finally the price rise to $100,000 then you have made it.

Therefore procrastination is very bad so invest now that the price is still low.

I like the way the op take arrange this post. Na the true word be that, and the most easy lay man's understanding naim e use. Na when you invest without minding the market movement na for there you go get better thing to dey proud of your investment for the latter future. Na because of that one naim make we go use DCA so that we go just dey put any small thing wey we get to put for investment for there, make e just dey steam dey go. Those people wey dey wait for the dip to happen before dem buy, las las dem dey end up to become traders and them no dey get better profit like person wey don dey hold for long. And all those kind people dem dey easily let their emotion make decisions for them and that kind character no good as an investor.

Don't be misguided mate, there are times you need to make research about what you want and go for it, adoption of bitcoin comes in many ways base on the needs we want to see come through, if you're investing on bitcoin for a long time or short time basis, if you're interested in making trades or only investing to hold, so the kind of holder you're matters alot, if you're not that interested in any then you can choose or have your own reasons for choosing bitcoin, the idea is that many of us don't even know what we want, what we are doing and how to go about it, we just dabble into it just as every other common man and expect things to work the way we want.

Yeah actually I like your quote because in times of investment decisions one of the major fact to consider is if what they intend to invest on is worth it or not, however after asking yourself this question and you realizes how potential it is to invest on it, I see no reason why they have to wait for the price to get to a certain level before they could start investing on it, just like you have explained so many persons has been waiting for Bitcoin price to fall since when the price  was still at $26k then and instead of dropping the price keep increasing and now look at how far the Bitcoin price has gone and the accumulation opportunities most people has missed and perhaps if they keep waiting for the dip they may end up not getting any Bitcoin at all.

Actually is understandable if some person would wish or like to buy when the price is dipp but however there should be some sort of backup plan that if the market doesn't move to your expected direction then they can use the second plan to accumulate the Bitcoin while they keep waiting for the actual dip they want.

The thing is that people who actually want to buy Bitcoin now feel that the price has gone too high for them to buy but they don't understand that the more you wait the more things can get twisted although there are some Bitcoin investor who already holds Bitcoin but tend add more Bitcoin to their holding through the watch of the market waiting for the dip and reason being you get more value of Bitcoin when the price has dip but we can't say same for newcomer who haven't actually had any coins, for these kind of persons waiting for the dip isn't also a bad idea but in periods like this how low do you think the price can get before you start buying so it's better to start your journey through buying little by little through the DCA strategy and buy big whenever you have the window of opportunity seeing that the price has gone abit lower so you get more coins value.

On a serious note my boss, many people know know this things way you and the op done talk, on a norms nah person way get money they hold am, no be person way no dey money dey hold money.
And na so e dey for every other businesses and investments, if person no get any business, the person no go fit make money but if person get business even if say na small business em get, money go dey come ones ones and nah so e still dey for Bitcoin investment too.
I just like this talk way you talk just now because even me self never reason to that side before but when I read just that line way I quote I come conclude say sense plenty for this talk, infact this whole discussion.
When I been never join this crypto world, I been know know say nah so e dey untill I enter before I come know say everything way go down to still go up and anything way go up to still go down, I dey try talk say as Bitcoin dey go down e go still go up again and if e go up, e go still come down just because those when never buy bitcoin go try buy am when e done drop small (although that no be better idea to wait for Bitcoin to drop before them go buy), and again, everytime wen Bitcoin drop e dey give people opportunities to buy am and hold am.

Likewise not just now seems the best but at all and anytime you could raise your capital and be determined to invest on your Bitcoin investment journey. There is no advantageous stance in gazing at the Bitcoin markets speculations While on the target to jump into the space. You could Invest even though the markets speculations seems high meaning to say you would only be able to afford little value of fractions of your Bitcoins.
The techniques there is that While the market values is on increments, your little purchased Bitcoin fraction also increases so, it is such an opportunity to also benefit from the influential speculative markets value because you are also tendered to be one of the Investors at the so clearly, do not await for a market fall in the Bitcoin markets before you could invest else, your earlier uncovered spaces would be all wastes of times.

My brother wetin you talk no be lie, I don tlk am before and I go still tlk am again, people wey dy practice this DCA method, dem no dy craze, dem know wetin dem dy do, and the best thing to do na to follow dem do am, because for this life e dy very important to follow who know road, so dat you no go lost.
Just imagine if you been don dy buy Bitcoin even though na the one of 5k,10k monthly or weekly since last year, you for still dy in a profit base on the current market price now, so my brother you really dy on point.

Op your analysis touched me, I am a farmer I know how it work during dry season people fear due to many challenges of lack of rain and others issue,  but that is when we farmers make profit because only few cultivate. But my major contribution here is base on waiting I done pass through, the world is moving only few things go back after imcreament it's better to invest within your one level because time wait no body. Time lost can't be regain understand when I fall victim of waiting for price of cement to fall today the story is different as cement keep rising in price and the money enter where I did not plan for deprived me of completing my project at hand.

I like the analogy though... but i don't know if it's a hidden truth for bitcoin maybe other crypto currency cos nobody knows how it'll turn out but it's almost certain that even after dropping in price or not it'll continue rising... so anytime is a good time to start investing in bitcoin.

This is a nice illustration but I debunk it and I must also tell you that there is different between a fisherman and a fishmonger. A fisherman calculate the time when the fishes would come to the particular spot which is the calculation of the rising and falling water. There are sometimes it is good to cast the net in the river when the water has decreased so that at that time all the fishes that were in the holes would come out to the main river for them to catch and when the river rises again the fishes would return back to the holes and the fisherman would not catch any fish again therefore he would go home, and the buyer of the fishes would come to buy them whenever there is fish so even the buy have wait for the availability of the fish and even the fisherman have to wait for the water to go down before going to the river and fish. This my illustration will understand by only those who are real fishmen like me and not visitors to the village. And also there is different between the manufacturer and the wholesaler and a retailer. A manufacturer produces at all time but when the prices are high, the quality of must of the goods would reduce so that the retailer can buy them and sell. If not the retailer can't sell them with that high price. And if you understand my first illustration very well, you wii understand that investor of Bitcoin can't just invest because there is Bitcoin and if they do that then it becomes miscalculation of investment. They have to know when the water is going down (when to buy Bitcoin) so that they can make profit.

And just like what I said earlier, the real fisherman knows when to fish and just the Bitcoin investor. The real Bitcoin investor knows when to invest and not what people say. He does not follow the crowd but with a calculative movement to invest. So if an investor says that he wants to buy Bitcoin when the price goes down first, then the person has looked into his pocket tht has Bitcoin is high now he can't buy them so he would wait till when the price come down because if the fisherman goes to the river when the water is still big, he would not catch any fish and if it does, the fish he will will not be much as the Bitcoin profit will not be much if he invest with small amount now. And that amount he has might give him good profit if he buy it when the price is low. Therefore you can't force someone to buy now buy now when you don't know the pocket.

Though the price of Bitcoin will not come below 30 again and nobody knows the ATH price in the bull market but Definitely it will be more than 70k$ because the last time was $69k so if anyone wants to invest and the funds is not much then I advise that let person use DCA to invest every week so that before the ATH, the person has saved enough to participate in the ATH. Op, when we dey tell people to invest on Bitcoin should not look the positive side of the investment but also the negative side too. Like if you understand my illustration, you noticed that I stated di two. The famer has to wait for the right time to fish. And in the process to wait it becomes a delayer. Those are the two. But your profit should be your priority. Invest wisely so you won't cry. The fishmonger can buy at all time and not the fisherman.

Wisdoms just full this post but people no go still listen, dem go wan do as dem like, a smart investor don't wait to invest instead you invest and wait. As you wan buy land so for your area, nobi buying and securing the land then you wait for when the land go appreciate before you sell am. Why e be say as na Bitcoin you wan come wait instead of buying and waiting. Dem dun bring better strategy wey go help you dey buy wey dem dey call am DCA (but as na naira you dey use we fit call am NCA) instead of waiting use this strategy and accumulate Bitcoin.

The thing he say as you dey DCA or you dey buy one time no go use money wey pass you. No dey believe in the hype but invest with understanding. Just take wetin happen this week as example, E get plenty people wey buy Bitcoin thinking say immediately dem approved the Bitcoin ETF say the price of Bitcoin go explode but nobe so E happen instead na correction just dey happen so and if you been dun borrow money to invest with hopes of using the profits to pay back, na on your own you dey so. Just dey invest as your hand reach, E no matter how long e take you to accumulate the amount of Bitcoin to your taste but no overdo pass yourself.

You are actually correct in your analysis. Also as the market men and women buys and sell every season without considering wether its a rainy or dry season, because h/she wouldn't know when best the market will pay. So also is bitcoin investment.

Just like who is building house for rentage without considering whether lf the location will be profitable or not, and doesn't mind whether people will be interested to rent the apartment or not at that moment. but focus on the future of that place, and after completion of the project. You discover that people have already started to look for the owner of the house for rent. So also is bitcoin investment.

Most houses you see today in a civiled place, where buit when people never knew civilization would come any Close but today it has become a hot cake meaning bitcoin investment is also so volatile that it will becomes a hot cake in the future and the future has already started.

In summary when investing on bitcoin don have a doubt about it because the future is brighter than you think. You migh still be on the process of buying and already its so e expensive that people are demanding so rapidly.

It's never in any way a hidden truth about Bitcoin because it's every where in the crypto space that one must not wait for the dip to buy Bitcoin. it's equally what we call DCA dollar cost averaging. which means buying little bit by bit of any amount and at any time, without wasting much of your time calculating or thinking about it you just go into investment that is what you point says. Now there are many other methods to buy Bitcoin but is some times requires you to wait for some period that might not come so in as much as Bitcoin is concerned buying regularly is the best especially when you have set aside your emergency funds to take care of your bills.

When it has to do with investing in Bitcoin time doesn't matter if you are consistent in your purchase no matter how small you stash might be from the very start it will surely go to an expected average if constantly added.

So nobody is trying to decide you about bitcoin investment rather they suggest you buy the dip and hodl for some reasons.

There is no perfect time to join the bitcoin ecosystem but not everyone that has the intention of joining does that because of procrastination. As it is very clear that not everyone that has an opportunity immediately take advantage of it, so is the rewards on how it differs between those that joined early and does that joined late. Bitcoin has gone way beyond preaching or convincing people to join, if they don’t want to, you let them be and if they show interest, you teach them while emphasizing on the privacy and security of it, also the advantage and disadvantages of it in the long run. Just showering praises on something without making it clear for the person on what they need to know the most can cause lack of trust for you and hatred for what you’re introducing them into. Sharing the right information about it is most important for you than convincing the person to join the ecosystem without proper introductory guidelines.