From my perspective, it seems that recent entrants into bitcoin should have had come to BTC investing with a timeline of 4-10 years or longer, so I have less sympathy if such recent entrants to BTC came to BTC for the purpose of trading on shorter timelines.
By the way, you can fairly quickly get the average cost per BTC over whatever period of time that you choose by looking at some BTC DCA websites, like this one:
https://newhedge.io/bitcoin/dollar-cost-averaging-calculator1[Edit]00k,JayJuanGee,656,136380,2025-11-21
The truth is that many beginners are witnessing this level of dip for the first time since their entrance into bitcoin investment and it is not a new thing and they are bound to panic.
Guys have to figure out these matters.
if they are too imature to invest in bitcoin, then they have to figure it out. If they cannot figure it out and/or they don't have anyone in their lives to help them to identify that they have issues, then there is not a lot that can be done about those folks.
I am not going to presume that the overwhelming majority of adults are not capable of figuring things out and growing the fuck up and taking responsibility for their decisions.
The fact of the matter is that all that we need to invest into bitcoin is common sense and basic math skills so that we can figure out whether we have discretionary income or not, and so we can learn how to adjust the various particulars.
It is something like 97% of people who are not retarded (mentally) disabled, so I am going to presume that an overwhelming majority of folks are capable of figuring out their limitations and to put systems into place. I am not going to presume that they are retarded, since the numbers do not bear that out.
At the same time, common sense should tell us that it is better to invest in bitcoin than to try to trade it or to gamble with it.
Sure there are some folks who know how to gamble/trade, and so they can play with their bitcoin in those kinds of ways. I do not recommend trading and/or gambling of bitcoin, since it is one of the best, if not the best of investments that is available to everyone and anyone with a discretionary income.
Sure there are some folks who cannot resist trading/gambling and they think that they can handle trading/gambling with their bitcoin. I recommend to not trade with any more than 10% of your bitcoin investment, even if you have an interest in trading/gambling.
In the end people can do what they like. Who cares what I recommend or think, yet I am still going to tend to denigrate traders/gamblers and guys who get emotional about their bitcoin investment since I think that those kinds of behaviors/practices can be minimized and perhaps left to the very small minority of folks who are either able to do it or who have time, energy, money and even interest to learn and build such trading/gambling practices in an adult kind of a way.
Don't get me wrong. I am not unsympathetic to retarded people and/or kids who might get caught up in doing something (like investing) and they are not mature enough, yet I consider those folks to either be minorities (such as only less than 3% of the poplulation) or that if they are kids then yeah they need some parental supervision, and I doubt that we can resolve all the worlds problems if kids are sometimes getting involved in things that they should not be and/or they need to gain a certain level of maturity and to recognize if they have suffiicently achieve that.. and sometimes they will need help in such process. My point is that we should be presuming that people are adults and capable and they are not retarded, so if they have common sense and/or basic math skills (they can learn basic math skills if they have common sense), then they can figure out ways to invest in bitcoin without getting overly emotional about it and putting systems and practices in place to help them to manage their emotions and their finances... Yeah, if they cannot even figure out ways to establish discretionary income, then they are not even in a position to get started investing in bitcoin.. so any beginner investor needs to make sure that he has discretionary funds, otherwise he is not even financially in a position to be able to get started.
Even though they panic, some who have also prepared for long-term holding by investing rightly are ensuring and wishing the bitcoin turns back positive even though they still don't sell because they have understood that bitcoin is a store of value.
Anyone investing in bitcoin needs to prepare themselves financially and psychologically for BTC price moves that can go in either direction.
Any newbie coming to bitcoin can look at a historical chart of bitcoin and within a few minutes see that bitcoin's historical price action has been very volatile and it goes in both directions. Sure, if they are dumb enough to look at bitcoin's historical price charts and they ONLY see it going up, then they are living in a fantasy land... and when they lose some or all of their money because they are living in a fantasy land, maybe they will learn a lesson from that experience so that they can fix their dumbness. .. or at least learn from it.
Unlike other folks who bumped into bitcoin investment with trading mindset. Those who believe that they can gamble their way out buying and selling off any day they like. This period is definitely ruining their portfolio, they are facing their glutes and may not regain the shock.
An overwhelming majority (perhaps in the 95% region) lose money, and trading in bitcoin is not exception. Trading in bitcoin might even be dumber since bitcoin has such a great asymmetric bet to the upside, so it seems a bit problematic to believe that you can trade bitcoin and do better from trading that you could have had done from investing... especially if the practice is carried out a couple of cycles or more.
How a person set up his DCA allocation is very important. It is different for those who set their DCA with bias or greed, those who believe they are coming to make it quicker. They play smart always and get caught when they least expect it.
It may well be the case that some guys do not know how to spend and/or invest within their discretionary income, so they end up spending/investing beyond their discretionary income, and there are also needs to put back up cash systems in place so that if we do end up making mistakes, then we do not have to tap into our bitcoin investment at a time that is not completely of our own choosing..
I am not proclaiming that guys are going to know boundaries from the beginning, yet if they have common sense then they are likely going to want to not lose money, so they are likely going to begin by putting systems in to place that are conservative, and they likely ONLY increase their level of aggressiveness in their bitcoin investing as they become more and more comfortable with their cashflow management systems and practices.
For now the focus is on accumulation and gaining fitness.
10[Edit]0k,Tonimez,362,44020,2025-11-21
By gaining fitness, I presume you are referring to doing daily-ish pushups... Yeah, maybe we might have to bring the BTC price back up to $100k by ramping up our pushups? How long it will take? I am not sure.
I feel guilty because I haven't been able to do push-ups for a long time. The Bitcoin price has also dropped a lot, which must have affected many people's motivation.
It seems to me that your negative Nancy attitude towards bitcoin coupled with your slacking in your pushups may have well contributed to our price fall.
Get back on the horse, and help us to get back over $100k...
sooner, rather than later.
I think we'll continue like this for a while. I didn't want to be negative, but this was more or less expected. Anyway, I added 200 push-ups today as well.
10[edit]0k,EFS,152,26600,2025-11-21
If it was expected, then you must have had gotten rich as fuck from it, no?
I will admit that unexpected BTC price drops have happened a lot in bitcoin's history, and this one seems to somewhat fit within a pattern of unexpected price drops, yet I will argue that the mere fact that this price drop fits into a pattern of unexpected, that does not make it expected.
I will also say that the mere fact that many of us (including yours truly) attempt to prepare ourselves as best as we can for both expected and unexpected price moves in either direction, the mere fact that some price changes go beyond our expectations (in a kind of expected way), that still does not mean that we profit from whatever move had ended up happening or even that we might still might not be disappointed.
Surely many of us who have been in bitcoin for a while (likely including yourself) have been further and further building our bitcoin holdings through the years, so in that regard, many of us long termers (if not most) are more prepared for UP than we are for down, yet we still have to some preparations for down, otherwise, we are going to end up fucking ourselves both financially and psychologically.
Since you have been here on the forum for 9-ish months longer than me, you have been through at least as many drawdowns as me (and more since I really ONLY got involved in bitcoin about 4 months prior to my forum registration... And, so my point is that you should not be panicking or even thinking that any of this is outrageous in terms of what might be happening in regards to shake outs or attempts at shaking out.
Of course, bitcoin is not locked in place in terms of what it is or how it is going to continue to impact the world. Bitcoin is here and has changed the world in a lot of ways, even though it is also not 100% guaranteed to be successful, so each of us has to figure out ways to balance or finances and psychology in order that we are likely able to continue to profit from our already gained knowledge and participation in aspects of bitcoin's ecosystem (likely an overwhelming majority of us are still well ahead of our friends, family and acquaintance in regards to our bitcoin awareness, adoption and participation in bitcoin landia systems).
By the way, in terms of my own pushups, I have been a bit under the weather in the past few days, so it has been a bit of a challenge to do them, yet I still figured out ways to do them and even to purposefully rest up, so that I would be able to do them, even though surely sometimes even when we are under the weather, we still might not be able to get rid of our various real world obligations... so we have to figure out ways to fit our pushups into our daily practices.
100k,JayJuanGee,656,136500,2025-11-22
