finally catched up reading ..sorry jjg, but I hadn't enough time to climb your walls.
I will
try "harder" like Boxer, the horse, in Animal farm not to take it too personally.
I must say, price holds nicely. 10k candle soon?
I am assuming that you are thinking about the daily candle, and "we" have been waiting for something like this kind of a greenie for a long time.. probably since early 2021.. but still haven't quite gotten quite to that point.. whether it is strictly within a daily candle
or within something like a 24-hour period, even though I think that several times we have had green 3-day candles that quite exceed $10k..
.. so maybe I am not sure which one you would like to see.. .. and maybe there is a bit more of an anticipation of the possibility of a $10k green candle now, and I am not sure, because usually if there is something like a $10k candle, there would likely be some building up to it, and yeah, maybe we have had enough building up of it from mid-October until now.. so I am not going to negate the $10k green candle compatibility of our current conditions. (that is GCC-CC.. hahahaha).
Hello guys, happy new year everyone!!!! I was a bit partying, happy Three Kings Day too =)
Today I was thinking about what the Bitcoin movement can do when ETFs are approved, and together with the Halving this can trigger a big increase in price, a friend had told me that he wanted to buy Bitcoin but that he was afraid, I I told him that it doesn't matter what he has to buy, even if the price goes down, that no matter what happens, it will go up.
People have difficulties with these kinds of getting off zero and getting some kind of stake in BTC ideas.
They should recognize and appreciate that in order to prepare for UPpity they need to get off zero, but they seem to have troubles with such a thing.
It's the no coiners (or might we say precoiners?).. not the low coiners... but they seem to not realize that they need to prepare for up, so they continue to prepare for down, which ends up not even preparing for down because they are not doing anything to actually prepare because even if the BTC price were to go down, that would not end up causing them to do something besides expressing curiosity about the matter.
Amongst the best ways to prepare for both up and down is to buy some right away, and how much buying that should be will surely depend upon some of the person's finances.. yet it might not even matter so much to even just buy $50 or $100, then at least they have started to do something, rather than doing nothing.. .... and so a no-coiner's aiming for 1% of his investment portfolio into BTC might be a good place to start, but it still could take a long time for some of the no-coiners to get to 1% if the investment portfolio is large.. but if their finances are a mess (such as having various debts and maybe not knowing the difference between what they own and what they owe money on), then they might have trouble figuring out how much 1% might be.
So how to get to 1%?
I am not sure.. but getting off zero should be a decently good step in the right direction.
Let's say someone with a $50k per year income has spent around 10 years building his investment portfolio, so his investment portfolio is right around $100k, so then 1% would be just $1k... it seems easy enough to get to $1k... at least at that point we might have a target.. so there are quite a few options.. such as: Maybe invest $50 per week for the next 20 weeks? Or alternatively invest the whole $1k within a month or two.. $125 to $250 per week.
But whenever anyone invests a lump sum or a lot of value in a short period of time, they might start to feel a bit exposed right at that entry price point, so in that regard, it seems that they might want to supplement their investment by continuing to DCA and/or even to have some fiat held aside for buying on dips... so if the guy gets up to $1k, then maybe at that point, he might start to DCA $50 into bitcoin every two weeks..and sure if he wants to continue investing in his overall investment portfolio, then he might just proportion his investment into BTC as 1% or whatever as compared to the rest going into his main portfolio... that should be easy enough. Right? So why don't people do this kind of a thing?
I am not going to say that I know the answers to get people to get off of zero, even though I know what I personally would do if I was on zero in regards to BTC, I would get off of zero.
But you can tell people until you are blue in the face that they should get off zero, and it is their responsibility, and show them by saying "look I am not on zero".... and blah blah blah.. and they still are likely NOT to do anything to make progress towards getting off zero. So then the next thing that you have to do is to merely tell them every 2-4 years, "I told you so." What else can you do?