Resources › Facebook Live › Would it be better if I only advocated people purchase bitcoin when it’s deeply discounted?
Would it be better if I only advocated people purchase bitcoin when it’s deeply discounted?
Published November 21, 2025
by Joel Bomgar
YouTube Video Transcript
Would it be better if I only advocated for people to purchase Bitcoin when the price was steeply discounted? No. There's a bunch of reasons that that totally doesn't work. And I'll walk you through them just in case you're curious. So, you might have wondered, okay, Bitcoin goes up and down. Why don't I only advocate people buy Bitcoin when it's steeply discounted? That way, I don't risk that they buy it when it's high, and also I don't risk people being down on their Bitcoin investment uh for significant periods of time. There's multiple flaws to that logic and I want to walk you through them. Uh the first of all, what does down mean? Well, presumably people think down from the all-time high. The problem is there's long periods of time where Bitcoin has gone only up. There's minor dips, but it's mostly only up. So, there's no way to know what down is. For example, prior to 2020 uh prior to 2023, so for the last 3 years, the biggest dips in the price of Bitcoin have been roughly 33%. 32%. Let's call it 32. I think the dip today might be slightly higher than that, but maybe it hasn't even hit 33. I don't know. So everybody prior to now would have anticipated that the dips in 2023 and 2024 and 2025 for the last 3 years they would have anticipated the dips would be higher than 32%. The reason for that is Bitcoin's historical price dips were significantly higher than 32%. And so even in any given year you had uh dips significantly higher than 32%. So, if I had said, okay, you know, I know historically Bitcoin regularly dips more than 32%. So, I'm not going to advocate people buy Bitcoin unless it's down by a third from the all-time high. You know, it's got to be at least 33.3% down. Guess what? I would have never bought advocated anybody buy any Bitcoin over the last three years because over the last three years, it's never gone through a dip of 33% or more. It's only gone through two dips of 32%. And nobody knew that 32% was going to be the biggest the dips got in 2022 and sorry 2023 and 2024 and so far in 2025. Although it could dip farther now in 2025, but nobody knows that. It's impossible to know that. Additionally, people almost never buy any asset when it's down. Um, you can see the I mean when people buy Bitcoin, they almost always buy when the price is rising on any asset because it feels good to buy it when it's going up and it feels bad to buy an asset when it's dropping. And so if I only advocated people buy Bitcoin when it was down, almost never would I actually be advocating anyone buy Bitcoin because almost never is Bitcoin down enough that it would qualify as a deep discount. And nobody even knows what a deep discount is. Is that 10% 20% 30% 33% 40% 45% nobody knows. So first of all I would be I would never be advocating for Bitcoin because historically the dips have been smaller in the last 3 years than they have been prior to the last three years. So if I was waiting for dips that big I literally never would have b been advocating to buy Bitcoin. Second almost nobody wants to buy Bitcoin in a dip. uh unless you've already bought a lot of Bitcoin at a lot of different times and you really understand that it's on sale and it's a great time and all of that. So, which means even if I did, even if even if I magically somehow knew that the two dips were going to be 32% each in 2020, you know, from the last three years prior to the current dip, if I knew that the biggest dips were 32%. So, I could say, okay, I'm only going to advocate for Bitcoin if it's down by 30%. Well, I'd only be advocating for in favor of Bitcoin for like 5 days or some ridiculously small amount of time over the last two years because even when it dipped below 30%, it was down below 30% such an incredibly short period of time that there would be almost no time to advocate for Bitcoin. And the vast majority of people would have missed out on the vast majority of the opportunity to buy a bunch of Bitcoin. And most of the people who watch my channel and my Facebook videos are up on their Bitcoin investment. Now, if you're new to Bitcoin, if 2025 is the very first time ever you bought Bitcoin, there's a good chance you are down on your current Bitcoin investment. But again, I've been advocating for Bitcoin for four years now. So, all the people who bought Bitcoin, the first three of the last four years, are all up on their investment. And guess what? You will be, too. It's just a matter of time. you might be down right now, but look, there was people that bought Bitcoin in early um I guess I should say the the second quarter of 2024, you know, that were down. I mean, there was people that bought in the peak of March of 2024 that had to hold for 8 months before they were up on their investments. In 2023, there were periods of time where months went by when people were down on their investment before now they're way up on their investments. Um, same in 2025. If you bought, you know, if you bought any of the 116,000, 118,000, 105,000, you're down. But again, the long-term perspective is you're new to this. If 2025 was your first buy, and give it some, you know, give it a year, give it two years, and Bitcoin, the exact same Bitcoin you bought at 122, 118, 116, 105, whatever it was, that exact same Bitcoin will be way up. It's just a matter of time. And again, if you had not bought that Bitcoin, you almost certainly would not be buying additional Bitcoin now because almost nobody buys Bitcoin in a deep dip in the first year or two or even three that they own Bitcoin. It just requires too much conviction and too much courage for people to buy in a at a steep discount early in their journey. Which means if that's the only time I advocated people buy Bitcoin, they would never buy it. And also, I would almost never be advocating advocating in favor of Bitcoin anyway because it's almost never discounted as much as it is today. It's just that's a very small number of total days of the last 3 years that Bitcoin's been down uh you know down let's say more than 30%. That's just like I mean you could probably count the days Bitcoin was more than down more than 30% on like less than two hands. I mean it's just it's just not that often. So the only way that people benefit from bit Bitcoin is if they actually buy it. The only time people actually buy Bitcoin is when it's going up initially because it's just you don't buy Bitcoin when it's going down unless you have a very high conviction and that conviction's been built by, you know, years of holding Bitcoin. It just is the way it is. Um, and also I'm going to I care so deeply about making the world a better place and making people better off that I'm going to advocate for Bitcoin all the time. I'm not going to just say, "Hey, 5 minutes every two months I'm going to tell people I'm going to scream fire sale from the rooftops and tell people to buy now because again, I don't know when it's on I don't know what discounted even means. There's no specific percentage that I feel good about Bitcoin being discounted enough to be the magic number because as soon as I pick a number, it's going to never dip that much, right? Even going forward, if I said, "Okay, I'm only going to advocate if Bitcoin's down 10% more than today's price." Well, guess what? It'll never go down more than 10% below today's price, and then magically I'll never be able to benefit a bunch of people by advocating in favor of Bitcoin. So, there's just no way to win that one. And there's no way to win that one from an advocacy perspective. There's also no way to win that one from a Bitcoin buying perspective. Um, the way I advocate for Bitcoin and the way I advocate that you buy Bitcoin is the only way that people consistently do buy Bitcoin. They actually pull the trigger. They actually accumulate wealth and a few years in they are way up. That's just it's just a formula that works and nothing else seems to work. I could advocate again, I could spend all day long telling you to buy Bitcoin only when it's on sale and you never would. And we would never agree what on sale meant. And no matter how much the price dipped, you would want it to dip even more to be even more on sale. And if it even if it dipped to your magic number, and you didn't change your magic number to make it even cheaper, you would not have the conviction to buy at that magic number because it's so terrifying to buy an asset when it's falling so quickly. Um, it's just that's human behavior. It just doesn't work. My goal for you is for you to accumulate as much Bitcoin as you can so that you benefit from it to the maximum degree possible. And the way I advocate for Bitcoin and the way I advocate people buy Bitcoin, which is buy Bitcoin whenever you can, whenever you have the conviction, with whatever capital you have, regardless of the price seems to be the only way people consistently accumulate Bitcoin and the only way they ultimately come back to me and say, "Hey, I actually bought a lot of Bitcoin and yeah, I was down on my investment initially, but now I'm way up on my investment and feeling great about it." That is the story of Bitcoin. than that. If you are from the class of 2025, that will be your story in 2026, 2027, 2028, it'll be the same thing. And you will think, "Wow, I wish I had just bought it all when it was discounted because I'd be even I'd be m up even more." But the truth is, you wouldn't be because you wouldn't have bought the Bitcoin. And if I changed how I advocated for Bitcoin, a lot less people would buy Bitcoin. And again, I'm not an a financial adviser, not a legal adviser, not an accountant, not a tax adviser. I'm not an investment adviser. I'm not any sort of adviser. I'm just telling you this is for my own personal opinion of what results in people owning the substantial amount of Bitcoin based on my own story. I bought Bitcoin when it was expensive initially, and expensive back then was $12,000, $9,000, $11,000, numbers like that. Basically, numbers in the ballpark of the current price. If you remove a zero, meaning one/10enth, and guess what? The price dips substantially, way more on me than it's ever going to dip on you, because back then Bitcoin was way more volatile. So, the downsides were epically larger than they are today. And I learned to hold through that. And I should have bought more Bitcoin when it dipped, and I didn't. And I wish I had now because I could have bought a bunch of Bitcoin at 4,500. I had even decided I was going to buy Bitcoin at 4,500, but when it actually got down there, I chickenened out and did not actually pull the trigger. Um, which again, if I was advocating you buy Bitcoin only when it's down, is exactly what's happening would happen to you. So, I care about you. I want benefit. I want Bitcoin to benefit your world and give you financial freedom the same way it's given me financial freedom. And the way to do that is to advocate for Bitcoin all the time. And to buy Bitcoin whenever you can with whatever capital you have available. regardless of the price because that is the only way that people seem to accumulate enough Bitcoin to matter and to change their lives. It's that simple.
Disclaimer:
The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.
Subscribe to Joel's Friday Roundup ✉️
Stay current with the latest bitcoin insights with the Friday Roundup newsletter — Joel's latest posts from the week, wrapped up in a single email for easy viewing.
NOTHING for sale. No SPAM ever. Unsubscribe anytime.