Invest in Bitcoin if you can afford it because at the end, you have very little chances of regretting your decision.
Indeed. If you believe of its potential then anytime is a good time to buy Bitcoin, as long as you can afford it and you understand the risk (since price correction is inevitable as well).
However, if you are careful and thinking wisely, a price dip is certainly much better. Investors who used to seeing the price turning up and down knows when is the best time to fill our bags
Any time is good but buying during peaks still is not a wise thing to do. Why should someone buy Bitcoin at 100K when there will
definitely be a much better possibility?
A newbie no coiner or low coiner buys bitcoin at $100k because he either does not have any bitcoin or he does not have enough bitcoin, and he has little to no idea whether the BTC price is going to go up or go down.
Your assertion that there will be "definitely" a better possibility is pretty damned close to 100% wrong, especially since you don't even know if there will be a "better possibility" or not. There is no way to know. You cannot look at the charts and know, and you cannot even look at what everyone else is doing (if that were possible) and predict what is going to happen with the bitcoin price. Yeah, there might be circumstances that you can place very high odds on certain kinds of BTC price moves, maybe even as high as 90% odds, but you cannot proclaim 100% odds, even if we choose any ATH number and proclaim, "for sure at that price point, BTC will correct back below that price point." You don't know, and there have been plenty of times in bitcoin's history that the BTC price passed certain price thresholds and never, ever, ever came back to those levels. Maybe this time is different. Maybe not.
Anyways, it's not a bad idea but it's not the best idea too. At the moment it costs 86K and I think it's a very good time to buy it. We already tested its potential, which is 109K. Bull cycle has just started, so I'm sure we are guaranteed to see it going up to 100K and even further, probably up to 150K or 190K.
There is nothing wrong with this portion of your post.
I recall having a boss tell me that he did not give any shits about how hard I worked, he wanted to see results... which actually makes sense if we consider the matter. NOT all work is equally worthy, even if it is hard work and genuinely intense and/or difficult work, especially if it is meaningless... like investing in shitcoins and/or trading bitcoin or shitcoins. If we are working hard to engage in meaningless work to fuck around with shitcoins or to trade bitcoin, then we are engaging in gambling, which may well not lead to meaningful results.
Well I couldnt agree more with your old Boss, because in the long run, what really matters is the result you get after all the work and not the work you put into something. I mean, you can actually put in much sweat and busting your butt every single day 24/7, but theres absolutely no point and nothing to show for your hard work if youre not getting any positive or meaningful results.
You are saying the same as my ex boss.
And this is also very much applicable to investing in shitcoins or trading/gambling your Bitcoin asset. Because if we are to be real, majority of these things are nothing but mere speculative bullshit, without any real values or fundamentals backing them. And that makes them pure gambling.
And even when youre simply just trading Bitcoin, rather than HODLing for the long term, what youre simply doing is just rolling the dice because theres basically no actual strategy. Now thats purely gambling and not investing, so anyone doing that shouldnt consider himself an investor but a trader.
Even if many of us bitcoiners do not recommend shitcoining and/or trading of bitcoin, and even if shitcoining and trading of bitcoin is largely similar to gambling, there still could be positive outcomes that could result from shitcoining and/or trading of bitcoin.
Just like you said, a full circle which is 4 years can be slightly considered enough time for someone who is nearing retirement age to HODL depending on your financial strength and health status which will determine if they can go longer than a full cycle. Then for the vibrant youths who are full of life an energy, they can decide to HODL for more than a decade depending on when their target is met because as an investor, their is need to set a target for your investment so that when you reach your target, you can figure out whether to continue or not.
The dilemma is whenever Bitcoin price goes high people start saying it's too high to jump in now. Anyone who is new to Bitcoin must start from whatever price he see while investing and don't wait for the dip. Bitcoin has a cycle of 4 years and after every 4 years we see new ATH. To be on safe side invest for minimum of 5 years and that's how one can see full potential of Bitcoin.
Those who are young like in early 30s have golden opportunity in hands of investing in Bitcoin. They have time and can wait for more then 5 years, with time Bitcoin demand will go high while supply of Bitcoins will be decreasing with time.
It can be difficult to say for sure what any person should do, yet if a person invests similar amounts of value on a regular basis (such as weekly) for 4 years straight, then their average cost per BTC will be right around the 200-WMA - and historically, an overwhelming majority of times, the BTC spot price is at least 25% higher than the 200-WMA.
Of course, there are no guarantees, so any of us who might be attempting to think and act rationally, may well consider that it would be good to invest into bitcoin for a whole 4 -6 years or more and then perhaps to reassess after that. Surely if we are able to frontload our bitcoin investment, then we may well have differing results, yet there are not too many normal people who are easily able to frontload their investment into bitcoin. And, yeah, for sure, each person has to decide for themselves whether and if so how to invest into bitcoin.
