Bitcoin Forum

Basically almost every bitcoiner is in for accumulation committing  certain amount of investment with a timeline to it. It could be for short term or long term plan.

Some investors starts with a short term in mind then later progresses to a long term arising from a reassessment on how they were unable to meet  up their planned portfolio target with the initial short term frame.
For it's healthy when people set an accumulation target in accordance to their financial strength, as doing otherwise by acting like you're in a competition with other investors you may end up uncontrollably investing all you  have got (what I term hyper-investment) with nothing left in hand to solve other pressing financial needs/demands putting yourself under pressure where you may have to alter the total amount you have invested, jeopardizing your plans.

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

The most popular way of doing it is Dollar Cost averaging or DCA. Basically, buy some BTC every time the price dips. Doing this in the bear market is obviously stressful so you gotta doing it while the bear market is over and has calm down already.

If you are a trader you already know how to check it on a weekly scale where to bottom is somehow calmer and we are about to jump up.  This is the time when an investor planning to DCA makes a huge profit.

Lack of patience.

They think that as people tell that they should DCA and they obliged, they'll already going to become rich. That's not it, even if you DCA and follow suggestion of experienced people, patience will still bring you far.

As said that it shouldn't be pressuring and stressing, many of the investors are not patient. They think that at all times the market is hyper, no it's not.

Long term DCA'ing works the best. You simply buy bitcoin every month or week. The amount may change in time but it is better to spend a certain amount every time. $1000/month or $500/week, it all depends on your finances. You do this till you reach your target wealth and then you can do whatever you like. (buying a home, car whatever) Since bitcoin goes always up in the long term because of its limited supply, this is a foolproof way of making money. Don't be fooled just because btc has been going sideways for a while, it will shoot up again after the next halving.

Bitcoin have come to stay, and until people get to understand that concept, they will always have problems with investing in Bitcoin. So apart from what you just said, another wrong way to accumulate Bitcoin is by taking a loan to invest in Bitcoin, which I can it the worst thing any individual could ever think of doing, because the fact that Bitcoin is a volatile currency which have the potential to rise in price, so does it also have the potential to fall in price too, whereas you loan interest is constant, which makes it a wrong decision to ever make. Because its better to invest little by little in Bitcoin than taking a loan.

Trading is what we often term for the short one while those that goes long are investors who have made bitcoin turned an investment for them to hodl over time, we all do this to make profits, the more we accumulate the more others are selling for us to have an entry point.


It's very important to invest what you can afford loosing, but bitcoin investment is not like gambling that you loose your entire investment in it, little part of it can can be lost while trading and on the same vein you have every opportunity to make more additional profits to what you have invested.


I don't know the mentality that some have towards what bitcoin is since everyone can picture it use from different perspectives, but most times we rush into doing something we often rush out of it as well, there's no need of rushing in doing anything, it will have negative influence than the benefits we may expect.

DCA is not about buying the dip. It's about buying in a certain time, like 1 a week or once a month, regardless of the price.
It's of course better to buy as much as you can, so looking for the cheapest bitcoin is a great idea, but it's not DCA and DCA is not the best way to accumulate. It's great for people who are to busy with other things and cannot watch the price waiting for it to meet their target, like some traders do.

Doing it in a bear  market is the way to do it. Would you rather DCA when bitcoin is at 50k?

I think the profit taking is a bigger problem than accumulation. Too many people are setting goals for bull markets, like waiting for $100k and completely miss out on opportunity to sell high and then buy low. It's okay to not want to be a short term trader and hodl, but every bull market has a short window of opportunity for maximizing the profit. If you take this opportunity, it becomes less important how you accumulate.

Just let them be, because on the time that they would be able to see that they dont have much money left in their pockets or even on their banks then this is where they would be making out some realization that they did
that much which isnt supposed to be that way because we know that we do have different priorities in life on which it would be normal that there should really be allocation in each part on which it is really that playing a crucial role in terms of living. We cant really just put everything on one thing which we know that the risks would be always there. Dont make yourself that really too impulsive in towards of thinking that you had missed out the golden train because this is the main reason on why you would really be making yourself that desperate. Well, its their choice to make since its their money but thinking up realistically then it would really be better that they would really be minding about those risks involved or attached to it.

There's no assurance that this would last for a life time, there's no assurance that it would be able to surpass a million per coin but since we've seen its potential and the previous achievement or milestones
that it did reach out then there's no doubt that this is where investors been holding and been hoping into.

It doesn't matter for how long you accumulating, what matters is when you achieve your goals. Don't be in a competition with anyone because you don't know their financial power. Buy as your money can reach and hold in your wallet and not on exchange or you can lose it

Investing in Bitcoin with all the money you have is a feet wrong move because Bitcoin has lots of volatility that the market can dip anything without giving investors a clear warning and when that happens you'll be forced to sell your bitcoin and that'll be at lost making you lose.

It doesn't matter if you're accumulating or investing by buying in one trade but you should never use all the money on you to buy Bitcoin as that's a wrong way of investing, only invest with your spare money that you won't need for a long duration so it can yeild a better profits.

I agree with what you stated.  Aside from that, people tend to move when they are hyped, one of the wrong move of people who are investing in Bitcoin is that they are carried away by the hype.  They only start buying when the news is already selling.  This will give them a disadvantage because when that time comes, the price has already started surging.  so they end up buying an inflated price of Bitcoin.  It is best to accumulate when the news is still silent.  Other investors tend to avoid buying when the market is in its bear market, they don't think that a bear market is the best time to accumulate.

joining the crypto investment market before having the necessary funds. Most investors are guilty of this specific act. When a friend of theirs advises them to invest in bitcoin, or they read it elsewhere that bitcoin would do well at a specific period, they tend to mount pressure on themselves in the imagination of what they would gain if they are to invest in bitcoin. As they wait for what they heard about the bitcoin price to happen, they will attempt to invest huge money than they can afford to lose. When things don't turn out as they had hoped, they begin to regret their initial decision to invest in Bitcoin

I've come to find out recently that some people have the wrong meaning of "invest what you can afford to lose". They believe it's money that is not useful to you or something, which is funny because there can be no money that is not useful. Some believe it's spare money. Money that you do not need for anything at the moment. While this may be correct, if you wait for money that you don't have a use for at the moment, you may not invest in Bitcoin.

There are things you have to forego in other to invest in anything, including Bitcoin. The saying "invest what you can afford to lose" means to be reasonable in your investment. Don't invest all the money you have when you know you have nothing else to live on. Don't starve yourself to invest. There are very important things that need to be done, maybe for yourself or your children, don't forego things like that and use the money to invest in Bitcoin. There's no point having money yet you can pay the hospital bills of your kids.
There are things you can sacrifice, and there are things you can't. It's left to every individual to decide what he can and cannot sacrifice.
The bottom line is, to be reasonable, be responsible in your investing.

They must be taught and told the wrong way as well, as if the person who convinced them to accumulate and invest in bitcoin might have put a pressure on his words, telling them how much bitcoin have grown over the years.
Sometimes a person who's into bitcoin for quite some time already may sound like they're pressuring someone who's not into bitcoin yet, like they need to catch up as fast they can so they won't get left behind in the next bull train.
It's all about rushing things out to try and be rich overnight kind of mindset that puts people into that kind of situation.

Not all bitcoiners are looking to accumulate; some simply buy once and wait for their savings to rise over time before withdrawing. Although most people are obligated to contribute more to their savings and do not always employ the DCA approach. They only buy when they have enough money to do so.


This should not be viewed as a pressure, and the sooner investors are aware of it, the better for them to avoid major disappointment later on. I don't think an accumulation target should be a priority because it can cause your mindset to be focused on achieving that target even when you can't afford it at the time, putting you under more pressure and, in the end, you'll still take money out of the investment to pay bills and for personal expenses.


Following the method of accumulation of others. Being influenced by the actions of others during the accumulation process. Our pockets are not the same in terms of our societal earnings. My 20% free money to invest could be worth 80% of another person's pay, which if the person continues, will leave them broke and begging for money to feed before the following month's salary arrives. As you stated, bitcoin accumulation is not a pressure issue, but one should only invest what they can afford to lose, cutting their coats according to their sizes.

Each individual devises their own strategy for managing their finances. Whether it's trading or holding assets with a specific goal in mind, not everything will unfold as anticipated. Therefore, it's crucial to segregate trading funds from personal finances to avoid future regrets when funds are required for sustenance. This is why the advice commonly given is to invest only what you can comfortably afford, as circumstances might necessitate adjustments to the original plan.

Is there a wrong way though?

Everyone has a different budget different outlook and different goals which also means
a time when they decide or think is their opportune time to  make whatever move they want
in order to accumulate.

There are those who will only be able to spend $100 per month in order to buy Bitcoin
and there are others who will trade $1000's in a few hours.

Some people will liquidate their holdings after the next halving and buy back when the
bear market is at its strongest, others will prefer to keep Hodling until the very long term.

People keep fear of missing out once they saw other people accumulate as they can and secure for another all-time high they want to do the same thing and make an investment as they can to catch up but also we need to consider the current state of the economy and the market price movement yes we need to accumulate as possible but if you made a wrong entry this cause your money to have a negative unrealize loss so instead wait for the market opportunity and buy and not just buy without a proper plan.

I mean dollar cost average works great and you're not risking anything on that since you're just using or setting a small amount maybe your salary to be used to buy Bitcoin right? And it would be great for long-term investment because you could just accumulate more and more until you have a huge investment while waiting as well for the right time to sell. I mean short-term investment doesn't really have a great profit if you're going to accumulate you're already aiming for the long term, short-term investment needs huge funds in order to take a good profit. So that is where the risk could come because you getting pressure to make a profit in just a small amount of time, it's cryptocurrency and bitcoin the market has its cycle so we should aim at the top we need to be patient.

Not all investors do Dollar Cost Averaging for their investment and usually they just buy bitcoin on time and have no idea about DCA.

They only do DCA if they have more sources of income that contributes for their capital and if they only use their savings to invest, not yet to see profit, they will not buy more.

They probably have idea about DCA after experience in the market a few months or years. Sometimes they do DCA without idea about this method, just buy more when they smell chances.

https://dcabtc.com/

From my point of view, the notion of starting with a short term plan and later migrating to a long-term perspective, derived from an introspective reassessment, which exemplifies maturity in financial decision-making… In response to your question, I would say that improper forms of hoarding are unmasked at the intersection of impatience and lack of understanding. .. An eagerness to keep up with others and a lack of financial education can trigger rash decisions. Which is why I would advise that it is crucial to banish irrational impulse and embrace an informed and balanced approach…therefore understanding that Bitcoin accumulation is a constant learning process and alignment with realistic goals is critical to avoiding malicious financial traps .

Finally I will say that embracing an informed approach, free from competitive pressures and tailored to individual circumstances, can forge a stronger and more sustainable financial path in the exciting life of investing in Bitcoin.

Yeah, some people just think they can put everything (all the money) they have into Bitcoin because they feel they can just take it back any time they want, or probably because they see that someone has invested a huge amount into Bitcoin, and without realising that even that person might have actually left some funds uninvested (in fiat) because of their personal needs, they themselves will just invest all their money without any reserve for some need. The healthy way to invest in Bitcoin or other investments is to only allocate a planned budgeted amount that will not get them pressured when the market falls beyond what they have bought.

I think it is depend on each person because some people didn't have any experience in investment so what they know only invest their money and hope they can get profit, for people like this, DCA is the most appropriate  way to accumulate BTC and the worst way is do lump sum buying at the peak of bullish market trend.

It is an error any type of accumulation or hold based on the thinking of wealth with Bitcoin, simply buy or not. Knowing Bitcoin does not mean having to accumulate, it is an interesting payment method, that for some is enough.

Many people invest more in bitcoin than they can afford to lose. I think there are two types of people: those who are greedy to make it quickly in the crypto industry or those who don't know how Bitcoin works. Investing more than you can afford to lose in bitcoin can keep you worried all the time; it will hardly get you out of your mind because whenever the bitcoin market reacts negatively, you will never be yourself; in fact, it can lead you to sell off your bitcoin. Many people find it hard to make a profit on their Bitcoin investments because they never sell at the right time, and because they invested the money they were not supposed to invest in bitcoin, when the time comes and they don't have the money and do not have others to get money from, they will end up selling their bitcoin, even in a bear market.

Some are also lucky, lucky means when the price of Bitcoin suddenly drops and it's their first time buying Bitcoin.
So for me, Dollar-cost-averaging is not for everyone.

I agree with OP about you there's no late in Bitcoin. Because Bitcoin is here to stay for the long term, for me, it's always good to accumulate because sometimes the more wait you are doing, the higher chance you will miss the train.

of course it's never too late to invest in btc, but buying btc is of course very risky, and it's best to buy btc when there is a price drop and you definitely have to be able to analyze it properly.

and in my opinion using the dca system is a good way to buy btc, but in this case our need to analyze properly when making a purchase because the price of btc is very difficult to predict.

Most people and yes most of the investors I think Either using a lump sum/all in or using the DCA technique but it is totally up to you both of them had the advantages and disadvantages. or you can combine it so the strategy might different from people to people

personally, I'm using dca but with a little bit of adjustment so when the my initial investment already give 20% profit I will take profit and then invest in other coin or invest again when the market had a correction

The best thing for people to understand is that just because you invest in bitcoin and it makes you happy doesn't mean you won't lose money at some point. As someone who has found success with bitcoin, you must keep in mind that not every day is happy; you can lose money when the price is low and make money when the price is high. However, as an investor, one thing you should keep in mind is planning; don't think that bitcoin has a fixed value. Putting all of your money into one particular investment or line of business is extremely risky, and a prudent individual with a strategy would never do so.
This truly happened to the new forum member because they constantly feel greedy whenever they hear about bitcoin and how the profit comes when the market moves in the right direction. They rarely inquire as to how long it will take or whether the price of bitcoin has fallen at any point. Even if the price of bitcoin didn't constantly plunge, you shouldn't put all of your savings into one investment because you might have other expenses or financial problems that need to be taken care of that you won't be able to afford.

Investing what can't afford to lose isn't investing. It's basically financial gambling and poor risk management.
The only wrong way to accumulate Bitcoin is this. You gather some BTC, the price crashes, you panic and you sell. Then you start gathering BTC again, the BTC price crashes again, you panic and you sell again. And so on... If you don't get caught in panic selling, then all the ways to accumulate BTC are right. ;D
You are wrong about not arriving late to the Bitcoin market. I wish would have invested in Bitcoin back in 2012. I will always have the feeling that I arrived late at the Bitcoin party. ;D

Don't compare yourself to others when investing. Your money belongs only to you. Just as you cannot be a partner in the profits of others, others are not partners in your profit or loss. Calm your mind and invest. Take responsibility for everything you do. Get rid of the thoughts like what price did others buy bitcoin, is the price I bought high?

Everyone has their own budget. We all invest with our own budget and try to increase our capital and make a profit. While doing this, we need to have knowledge about the market.

Another important issue is to consider all risks and to determine in advance the measures we will take against the risk of loss. In this way, we can get out of many difficult situations.

Whenever I observe such kind of people what comes in my mind is that these are the people that didn't take time at all to study about bitcoin technology and risk management technique in investment. They're only occupied with the mentality of making profits through the currency BTC, and they think that by excessive accumulation they can easily make profit in no time.
Wether you want to accumulate or DCA you must do it under a well planned budget that it doesn't affect your physical cash (fiat) spending strength on responsibilities and financial challenges that may arises in the future. By so doing you can seamlessly give your BTC investment a lot of time as it may require to yield good returns but some persons fail to grasp this tenet.

Unpredictable with some investor when accumulate bitcoin or other cryptocurrency assets, many of them have urgent needed and first planning with long term investment have cut off as short investment. For single its easy manage with urgent needed but when having family many unpredictable needed have to buy and selling assets investment is an option we have. I am so disappointed when becoming single person not accumulate bitcoin and altcoin as much possible and right now with much salary receiving from working still can't spent more than 50% for saving or accumulate in cryptocurrency.

Suggest for single person invest as much possible in cryptocurrency with long term planning, you can't have the same planning in the future when having family.

Well, in general it is worse than DCA but it also depends on how much you are going to hold what you buy. Someone who bought at the 2013 peak at $230 would lose money when the price dropped within a couple of months if they panicked and sold, but if they knew how to hold and didn't sell until the price was at $23K this cycle they made a lot of money, multiplying the initial investment by 100.

It is very difficult to hit highs and lows, but what has proven extremely profitable in Bitcoin is to hold for long periods, say a couple of cycles.

This is what I do too, especially when I try to balance my budget for the month, I always have around 100$ allocated for my DCA at around 10$ whenever I buy bitcoin and then if there's left from that I just buy bitcoin no matter the price with the leftover money. Although I've only done it for about a month now because back then I buy bitcoin in bulk especially when the prices are much lower than the current price right now.

Lucky for me, I am not that kind of person that is hastily investing in Bitcoin, whereas others are in a race to see how much they can accumulate until halving, but I don't see a reason why. It is because they have more extra money that they accumulate more. They are just comparing their profits? I don't see benefits in it, and you are right, you go broke with this kind of mindset. That is why you always buy when you can just afford it, like if your salary is not enough this month, then buy next month. Don't stress yourself out by pushing yourself to buy even if you need to cut your needs because of your investment.

I think the wrong way of accumulating bitcoins is when new investors put in all their money at once because they think they price will move very quickly in their favor. Every investor should be realistic with themselves, and in the current market phase the time of making large short term gains are over. There are big risk in making only one big purchase and if the short term gains are not coming the investors can feel disappointed and leave the crypto world again. For me the best approach is DCA, buy a fixed amount every month with money that you don't need and would save anyways.

It is better than just seeing when the opportunity is very good and can provide accumulated profits and increase assets more and more.

Knowledge of DCA should be known not long after trading if indeed they are active in trading.

Nowadays, gaining trading knowledge is quite easy and there are many contents that can be learned.
I also often do DCA on Bitcoin until now because I take advantage of the moment every 4 years, namely Halving in 2024.
Continue to buy and hold it is the current Bitcoin recommendation.

In addition, doing financial management will help manage every money that will be used, so it is clear where the money will go.

I'm not sure if this part is true. Not everyone in the Bitcoin community is a conscious investor and many don't have any strategy at all. There's also a large group that would just "hodl" indefinitely without trying to time the market by buying/selling in the right time. Those don't have any st timelines that you mentioned.


What do you mean by "accumulation target" here exactly? A target set a X amount of bitcoins is a flawed strategy as you can't predict the price, so your initial target could turn unachievable (if the price goes sharply up) or insufficient (if the price takes a nose dive).
Setting up a target as a percent of your total portfolio is also not ideal. If you stick to it, you could end up selling in the wrong time (just to rebalance your portfolio) and miss out on potential gains.

Trading is another thing that can be a bad strategy towards bitcoin accumulation. Some newbies that lacks the understanding on how to accumulate bitcoin will think that it is possible through trading without them having the fundamental analysis,technical analysis and risk management. They will end up losing their bitcoin through trading and this will make them weak and demoralized to achieve their targeted amount to accumulate. This doesn't apply to only newbies,even professional traders also loss during trading. In trading one losses more than making profit. I will call it greed because instead of hodling for long, you want to double your coins and you end up losing it.

Dollar cost averaging works very well for me since the beginning of this bear market, but I don't think that DCA in every dump is the best strategy, because we can keep going sideways for weeks and suddenly things change from bear market to a bull market.

The present market is identical to the 2015 market movement, Let's not forget that the dump of 2020 hit that hard because of a COVID-19 virus outbreak, it's better to keep DCA whenever you have the spare money, and if a new dump happens it's still all good.

Many people will lose the buying opportunity because they want a certain big dump, like $10,000 a Bitcoin, I am not saying this is impossible but the chances are very slim already.

Personally, I think investors are just those who think long term and they all follow some kind of simple formula that doesn't think of Bitcoin any differently than all the other assets they may have in their portfolio.

That's the mistake most people make. They see Bitcoin as special, like it can go 10x normally just because of past growth. And you never presume in investment.

Now you should not expect such a big growth from bitcoin, or rather, growth will be expected, but it most likely will not reach such high levels as it was before. The reason is simple, the more expensive bitcoin becomes, the more money it needs in order to double. I don’t expect anything supernatural from bitcoin, x3-x5 I think it will be quite within reach in this bull market.

They are too imposing but never how other needs and demands, see how the cash flow that is obtained every month should not be entirely for bitcoin at least 20% can be put into bitcoin accumulation.

Actually there is nothing wrong with the accumulation of bitcoin I think it is good than nothing, but does it become pressure to become stressed because too much is spent on accumulation? For me it's the wrong way we never force to invest in bitcoin unless we are ready for the risks it faces, for me accumulation is good it just has to be in accordance with other needs so that it can be balanced.

There's nothing wrong if someone convert all of his money into Bitcoin as long as he believe in Bitcoin and don't trust with any other currency. Even he's need a money to buy something, he just need to sell some of his Bitcoin and withdraw fiat, Bitcoin is a currency and high liquidity, no need to worry.

How can someone don't want to spend 1-20% of his earning to buy food? if you not eat you will die.

Accumulation can't be wrong way, because even if you accumulate wrong way, you are still gaining something. In my opinion, it is better to accumulate wrong way than to spend correctly.:)

The processes of stress and pressure on themselves when investing in bitcoin are peculiar only to beginners. Experienced investors don't accumulate wrong way, as you put it. With experience comes a sense of calm, which avoids the discomfort and anxiety, which allow not to invest more than what an experienced investor can afford to lose. In general, an experienced investor will do everything to avoid losses and think through his actions carefully.

There are plenty ways one acquire bitcoin in a wrong ways. By scamming others, borrowing money to buy bitcoin and planning to pay it in a short time is also wrong. These are some the wrong ways I call recall for now. Bitcoin is not get quick investment so long term investment is the best way to go about it. Accumulating bitcoin at the right time is a good thing but the investors should invest it with a long term.

I believe there is something wrong with that, BTC is not yet accepted everywhere as a currency and method of payment, if that was the case and people could spend their BTC's on the go everytime, then there wouldn't be anything wrong holding only BTC for those who choose to. But it is surely inconveniencing to have to convert your funds from BTC to fiat everytime you want to spend, adding the tx fees makes it even more difficult to do.

You should surely hold some of your money in your local fiat currency for spending, and also have BTC in a hot wallet for spending on the go, that is if you live in a country where you can buy a few things with BTC, the rest of your BTC's should either be in a hardware wallet or airgapped wallet.

I think that it's harder to keep bitcoin than it is to get it. If the user has it down in his mind and is convinced that BTC is here to stay its easier to hold on to and accumulate more of. Someone who doesn't have a high pain tolerance or risk tolerance will not do well with crypto in general lol. BTC accumulation no matter how big or how small is always a great thing.

When people become greedy thinking that bitcoin could make them instant rich that’s why they invest all in, putting all their hard-earned money into it because of the wrong belief that if they’ll invest bigger amount, the amount of profits will certainly become huge too. Of course, in a volatile investment like bitcoin, there’s no assurance if you’ll be in profits or not, or when will be the time you’ll end up in profits. Because I believe the reality in bitcoin investment is that the bigger amount you set to invest, the higher chances of losing as it only increase the high risk of losing in a volatile investment.

For DCA investment the price don't really matters because you have certain goals to accumulate for a specific time period or don't want to sell so you just go with it.That's a good way to accumulate actually without caring too much for prices and your average investment can turn to be in profitable state easily after some time when they gets boost.

Being greedy is a very normal human being behavior and it is really just that there are people who are really that able to control such emotion and there are people who cant on which it would really be resulting into those steps and decisions on which it isnt really that something realistic or something to be on the right path anymore on which it is really just that normal that decision making on the time that you are on the situation on which
you are investing on Bitcoin and having that perception about being rich? This is the  time that your greediness would kick in but sooner or later you would really be able to realize that its never been that something realistic
on having this kind of approach because literally speaking about into its movement, you could eventually tell that it wont really be that possible, unless if you have invested that big but of course not everyone would really be having the capability on doing this and only that just limited on few individuals. Its not bad on being optimistic towards it, it is really just that right that you should be that sensible on whatever decisions that you had made on.

I do not think there is a wrong way to accumulate bitcoin since getting bitcoin at any price can be a good decision, the issue is with holding your coins, many people think that after buying bitcoin they only need to wait for a few weeks in order to see some results but this is not the way things work, it usually takes years for this to happen and simply the majority of the investors out there are not really ready to make that kind of commitment, as they invest too much money in this market and at some point they are forced by the circumstances to sell for a bad price.

Just cut the crap and save yourself the trouble by employing Dollar Cost Averaging or DCA.

People have to realize that even though bitcoin is effectively tied to the dollar as it stands today, it's still its own currency and the highs and lows are really negligible if you come to think of it, nevertheless for those people who are not keen at losing money, DCA is your best friend as it allows you to accumulate and accrue bitcoins at regular intervals, regardless of the price. Allows you to stock up on bitcoin too without the hassle of timing out your buys and sells, and ultimately sets you up for a profit especially since we all know that bitcoin is a net positive asset anyway. So while the short-term method you're talking about is good and has its caveats, the only thing that's really stopping you from investing using the DCA method is your own psyche.

I think many folks are completely lost on the fact that Bitcoin is actually money too and what is money meant for? It's covers a wide range of things which are payments,   savings and so much more but Bitcoin is just special because of its decentralized nature and the ability for it to have the feat of store of value meaning it's value continually adds up overtime unlike fiat which is quite the opposite.

This is quite unreasonable. Because we will usually stay private and will always maintain our privacy when investing. So, the possibility to feel like competing with other people is probably very small. Because we don't know whether other people have bigger or smaller Bitcoins than us. Unless the person knows a few other people and wants to feel that they are superior, this is possible. But I'm sure, only a few who think so. Because the investment is for personal gain, for the sake of getting profits that are in accordance with expectations.


Yes, this is why some people who invest in Bitcoin experience high pressure and depression. Because they start with the wrong understanding and target, or you could say it's excessive. Because they only think from one side, namely that they can get rich from Bitcoin like other people. others who are also successful from Bitcoin. So especially when Bitcoin becomes hype, they will do everything including borrowing money to buy Bitcoin and hope to get many times the profits from this investment soon. And this unfortunately happens too often. And finally they will experience high enough stress when reality does not match their high expectations. because they invest beyond what they can really afford.

For some people, after having a bad investment with Bitcoin, which is usually their fault, they end up with a bad mindset towards Bitcoin, and as such, they can misinform others of their bad experience with Bitcoin, which can make the person not want to invest in Bitcoin even after having the interest to do so. Some people, too, make those kinds of mistakes, and they learn from them and do better, but those who are just in search of a quick and large profit usually make those kinds of mistakes. You know what some investors do? They are aware of what the consequences would be, but they just decide to try their luck, believing that before they would have a need for money, the price of Bitcoin might have earned them a little profit, and they would just sell off some little fraction of Bitcoin. But sometimes things don't just work as planned because the market is usually unpredictable.

When one starts to accumulate it is upto his ability. We can't be sure that he is stressing himself to accumulate more. He can be doing some additional work or he might've cut some unwanted expenses to increase the accumulation. We aren't not late to the party and investing on bitcoin regularly will surely help with better profit in the long run. There are people who focus on short term profit investing huge amounts. This shouldn't happen, because we aren't sure of the rise in the price. In all means we should have the patience and the long term focus, in between if the Market have risen we should make use of it.

Instead of being a trader, you should be a hodler. DCA is good for converting your worthless fiat into Bitcoin as efficiently as possible, but you must remember not to sell. Not even when things are looking really grim. So in other words no back and forth trading. Otherwise your DCA strategy becomes worthless and you grind your money away with trading fees, or worse with trading on a loss.

Not everyone is as disciplined to do this but eventually, when they become Bitcoin veterans, they will realize its the best way.

For me , it is not the way of accumulating but on how they are thinking why they accumulate.

Imagine majority of the people I knew that bought bitcoin believe that this will make them rich just by buying and holding.

so that would be the best to tackle than how they are buying.

because no matter how they bought but their belief is what importance, and they also must understand that this is currency and not a store of value.

Every investor has a certain plan according to which they usually invest. Many people plan for long term investment and many people plan for short term investment and there are some investors who plan for long term investment but when the market increases more than their expectations they sell their investment ihow investors invest it totally depends on an investor. People who are more risk-averse in investing and have more money invested usually decide to invest for a longer period of time. Most of the investors invest with risk in the initial stage, but later due to market changes, they cannot hold their investment and sell their investment with some loss of money. Investors who can take the risk and hold Bitcoin through good and bad times ultimately succeed in investing.

The inability to take profits at the right time is the worst possible practice,  many investors who are in for either long-term or short-term goals missed the opportunities that come along the way we're the volatility of the bitcoin market presents them the opportunity to cash in some gains using the DCA approach when the price rise in-between and correct back again.
Selling all the way up and buying all the way down is the fastest way to grow your Bitcoin accumulation and at the same time cut the edges against the dollars,  using BTC vs $ against each other where the market determinant remains Bitcoin price at the time.

Those who invest in Bitcoin for a certain period of time start making long-term investments after a while. Because they are starting to believe in Bitcoin. The long-term investor knows that the price of Bitcoin will fall for a certain period of time. It tries not to be affected by this change in Bitcoin price because it has a target price and starts to wait. Not all long-term investors are the same, but many continue to hold their investment no matter what happens in the market negatively. They usually achieve their desired goal.

Long-term investors have not lost in Bitcoin's history. But the main thing here is to be able to wait. This requires financial strength.

When I become a bitcoin investor, I will say that only with time you understand that you need to take your time to get a real profit of the cryptocurrency market. Scalping and other bullshit are ways to drain your deposit as soon as possible and stay without cryptocurrency.If you invest in bitcoin, you need to understand that the profit will not be soon, and for months and years you need to almost forget about your orders, whether they are pending purchase or resale orders at the top of the price range.

Accumulation period and processes can never be measured or quantified with another since our basic income are never the same and people tends to stock gradually in respect to their monthly investment plan and this could only be possible if only the set some target, or a projection to what amount can be used to accumulate bitcoin.

There are some people who may want to speedily buy and hold since they already missed the line and this could be a challenging time for those who aren't financially stable as others and of course, there's no point competing while they knows that bitcoin accumulation only follows by your basic salary saving plan (this could be daily, weekly or monthly) but provided that you have income that keeps flowing accumulating bitcoin wouldn't be that difficult and of course, it won't if only you there a savings inform of cushion that would serve for the period of your investment.

This cushion would be as a reserved fund that would cater for your expenses maybe after when there is no active job and or work at hand to keep your accumulation process going the cushion would served a long way to keep footing for your expenditures when there is no active job and this would make you not to alter your plan or quickly haste to sell off your bitcoin without your predicted and determined plans for your holdings till you secure another job at hand to keep your investment processes going.

This depending on the amount that keeps coming by the end of the month, it could be 50$ to 1000k and as a good bitcoin investor or a bitcoiner who believes so much in bitcoin might 30 to 50 percent investment plans out from your total monthly income or basic salary, at this point also create out your cushion and reserve fund plan to back your bitcoin accumulation period. This alone will assure you a successful bitcoin saving plan and would as well last for whatever year without being in haste to cheaply sell of your bitcoin.

I don't at all, and that's my whole point in saying that the mistake most people make is thinking Bitcoin can go another 10x hence the nonsense bets of 100k by 2024, and 1 million by 2025. Not sure how you got that I thought big growth is my prediction, I'm saying majority investors have this expectation. Or should I say are told to believe it!!

I believe in $100k and even a million but not soon.

I often see news reports that this or that person is selling his property in order to invest in Bitcoin. But on the other hand, he is not at all prepared for the fact that the probability of his profit in a certain waiting period will not consist of the amount of profit that he expects. When asked why he risks everything and leaves no funds for a normal existence, he replies that he is in a hurry to have time to buy Bitcoin at the price that it is now, since many are sure that in the future the price will rise to sky-high peaks. Some telegram channels provide them with such information, and many people lose their money at the moment, believing in a quick profit.
Based on the foregoing, I would suggest not placing high hopes on Bitcoin and investing in it as far as possible without depriving yourself of all the necessary things for a normal existence in today's world. I proceed from the idea that it is necessary to live here and now since it is not known what future awaits us or whether it will exist at all or not. ;D

I'm just as simple as I want to save bitcoin, I'll just have it if I'm a long-term investor. Because if you are a community here in the crypto space and you want to save bitcoin that you are not paying a lot in a company, you will have a hard time getting bitcoin or what we say is a DCA approach. Because of that opportunity when you have accumulated and suddenly you have emergency problems, because it is not your big paycheck and even less, it is possible to move or sell at the time of the bitcoin you are accumulating.

This is the thing that sometimes even it is against our will we have nothing to do because of the need for the situation we face that is unexpected, so the investment of bitcoin should always have too much money for you to accumulate right for it

This is why crypto investment is not ideal for people without a consistent income flow. If you invest all you have into crypto and you end up with no money, you are a bad investor.

Crypto markets are unpredictable, and even though all the answers can be seen from chart actions, we can still be wrong at times. As a result, you must have something going on already in your life, so that even if unexpected movements occur, you will still be able to take advantage of the dips and DCA.

Since last year, I've been DCAing into Bitcoin and still do today. Even if there will be a massive retracement, I have a job that makes me money so I will never miss a buying opportunity.

A successful investor must have a job and they must always have some left over money in USD or stable coins, in case a sudden drop happen to Bitcoin, the best DCA strategy is to never run out of money, and this is only possible if you have steady income.

Even though bitcoin is one of the best investments we can make, it is not recommended to try to accumulation beyond liability for loss. Bitcoin can still be accumulated according to the financial level we have and the best way to use DCA, so that when people use this pattern it doesn't create a burden on the capital they have or to meet other needs. It's different when investors have a much larger level of capital and they can just try to accumulate as many bitcoins as they want.

It's never too late when someone wants to invest in bitcoin and forcing investing with unstable finances is also not a smart choice. It's best to use the easiest way to collect bitcoins and not make us dizzy, after finding success or getting big profits just trying to increase investment in a big way according to our wishes.

The whole point of accumulating any asset, let alone a game-changer like Bitcoin, is to understand the power of compound interest and the benefits of dollar-cost averaging. It's not just about "setting a target" or tying your investments to your basic income. Its about recognizing the exponential potential of Bitcoin in reshaping our economic landscape.

While your comment on the cushion fund has some merit, its a rookie strategy to ensure liquidity. Any serious investor in the realm of blockchain knows that liquidity management is paramount, but linking it to job security is oversimplifying and frankly naive. Bitcoin's strength lies in its decentralized and deflationary nature, not in how one perceives their salary

The variability of an individual's income ($50 to $1000k, as you mentioned) should never deter them from understanding the real value proposition of Bitcoin. It's about time people realize that Bitcoin isnt just another asset to diversify one's portfolio. It is THE asset that can potentially hedge against systematic financial risks, if you're smart enough to see its potential.

Investing money that you cannot afford to lose is one of the worst decisions you can make in the crypto world. Even if it brings money, it may have a bad effect later.
It is also a terrible decision to take out a loan for investing in bitcoin or to borrow money from someone for this purpose.
I understand your question. I believe that gradually investing in bitcoin without nerves and stress will be the best solution.

In my opinion, when accumulating Bitcoin, there should be no time limit for selling it. We cannot predict when to get to the desired price. All we have to do is be patient with our investment and wait till we can profit from it before selling. We must avoid greed, be calm, and practice self-control. Avoiding watching the chart from time to time can help you control your greed. Follow and stick to your investment plan. This will assist you in avoiding failure in your future investments.

Many investors lack personal research, which is the reason many of them are still calling BTC investment a scam because they thought BTC price is a something you can predict on the time and succeed at the end without the right time for the price to pump or dump. When you purchase BTC when the price is high in the market, it will not help you to make profits like the way those that purchased when the price was low in the market which is some of the wrong accumulation that is leading some investors to experience losses in their investment. When you are stable in your personal research to know when to buy and when not to buy BTC, it will help you to accumulate very well in the area of profits making in the community.

Investor with long term investment due cryptocurrency coins has stable on lower price and their decision for long term is not wrong waiting until  going back to higher price later. Its seems happening for investor have much money and they don't face problem when accumulating every time during still in lower price. Not easy for investor with small fund for long term investment because they need take profit in daily day and accumulate based on their profit earn and short term investment is the best option for them than long term. There are not difference risk when investor choosing option between short or long term investment depend on each investor passion.
I adopted with both kinds of investing between short or long term, when having much capital use with long term investment but short term is last choose when having small capital.

I think the basic thing there is that everyone must not follow the sequence how others should be, and for any investment the investor should know the risk associated with it and be able to manage it properly. Over sometime people do not look at the risk but rather centered their efforts on the profits aspect which actually makes them not to for long time, understanding the purpose of investment always helps in securing and safeguarding their investment without being haste to sell.

About the cushion, well as I think is another way to help your investment not to be altered since it's serving as a reserved fund. And however, anyone who doesn't invest through his income or basic income where then do they get their money to invest or to keep accumulation of their bitcoin, Yes I know and it's a valuable asset that doesn't need to be altered but sincerely speaking you need something reserved fund or cushion to help you allow your investment last longer than expected as the case maybe.

I think the problem with most of the investors right now is their way of thinking when it comes to investing into Bitcoin.

This isn't intended for newbies only, but there are some investors in general who are going all-in into crypto because they believe that they can earn money faster when they invest into crypto compare to other types of assets out there, so what they're doing is that they will invest a certain amount of money, and they will think that they need to maximize the profits thus, investing more and more money for maximum profit until it came to a point that they can't afford losing that money anymore. What's worse is that some of them are panicking when they saw their holdings going down even as low as 5% only or sometimes even double-digits. This types of decisions really ruins the investor. Investing what they can't afford to lose, and panicking when they saw their portfolio going down. Both of these are recipes for disaster for the investor.

Thoughts? I guess I already said it. What I will add up is that, having a strategy in accumulating always works 100% of the time. DCA or whatever strategy it is, you must have a strategy, and strictly follow that one. That also comes in selling, and not only in accumulating. You must have a strategy in accumulating, but at the same time, you must have a strategy in selling.

At the beginning, I personally also made mistakes in the way I accumulated bitcoins for myself. That happened when I first got to know bitcoin. Well, my mistake at that time was that I was in a hurry to accumulate. Can't wait for the price to correct or something. And yeah because I'm in a hurry I've also bought large quantities at once. But then I learned about the DCA strategy and only then did I realize that the accumulation process that I did at the beginning was wrong and could stress me psychologically.

Then I realized that my goal of accumulating bitcoins was for the long term. So of course in accumulating it there is no need to be in a hurry because there really is no time limit for doing so. In the beginning I overexerted myself in accumulation even when I was short on money. But now I'm more relaxed. That is, only continuing the accumulation when I do have money left over that I really won't use. Sometimes I put in a few percent of my daily trading profits and collect it in a week and then I spend it in bitcoins.

Why not just HODL? Buy and keep your Bitcoin safe. That's all it takes. Have good emotional control so that you don't take any wrong decisions. Trading is a good way to do it only if you know how to do it. Otherwise, you are good with just HODLing. In trading, with buy and sell, you may see that you are accumulating less bitcoin than what you can achieve by just Hodling for a long time. Don't get me wrong, I am not saying that you shouldn't trade. But it will never say it directly to start trading right away. It is a complicated process. So before you learn it fully, the best way will always be HODL. Add DCA to it and there's nothing left to do than wait for the right moment. With Bitcoin buying, there aren't any right or wrong moments, it only matters when you decide to sell.

Set a target, if not filled, make a new one. And if it's achieved, then don't be greedy in hopes of more profits. Take what you have originally planned for. Try out the basics first and then as you move forward, learn the complicated ones. That's the best way to do it.

It's wrong to accumulate Bitcoin when someone can't afford to lose his money in short term and he's not trust in Bitcoin. Such person only want to make quick money which is they might try to buy shitcoin and gamble it. Bitcoin holder must be a strong hand otherwise he can't wait at least for 4 years, it's a minimum if someone want to invest in Bitcoin for long term purpose.

It's wrong to set a limit to your bitcoin accumulation especially if you're not a rich person, if you're able to DCA to slowly accumulate your bitcoin, I don't see the point of stopping at some point especially if you can't really reach 1 bitcoin anytime soon, hell even at 1 bitcoin I don't think it's worth to stop accumulating because at this moment, you're racing against time when the next bullrun happens, you don't want to be stopping right now when in the next bullrun, the price floor couldn't ever become this low. Also, don't be spending your bitcoin when you don't have to, and don't buy bitcoin when you know you won't be paying the bills completely or be eating good this month, prioritize self-care over investment in bitcoin.

Not looking at the risk but looking at the profit possibility is the number one mistake any rookie could make. You have to realize that you are not going to end up making that type of profit, there is no need for that and you should be careful with what you are doing. If you are careful about it then we are going to end up with something much better in the end as well.

However, this isn't really anything that would be profitable neither, and I believe that we need to be considering the situation that would be profitable if you are taking a bigger risk than you should. Take as little risk as you possibly could on the biggest profit you could make with that little risk. Take a look at risk first, then take a look at profit possibility.

People had overthink about Bitcoin as they think that investing in here will guarantee huge profits but not knowing the huge risk that they are going to face after buying. Too late to realize but I believe this particular saying - learn from our mistakes. Though we don't want to commit mistakes but whether we like it or not, this really gonna happen to all of us.
I'd say that investing in Bitcoin is not wrong what it makes difficult to earn is due to the actions and the market responses that we made - usually we fall into wrong decisions that causes major losses and fail our goal.

Because that's what commonly they see and this is also introduce to them where if they invest on bitcoin they can possibly earn a lot of money there. Maybe it will be more better if people teaching bitcoin to other should correct the way the teach so that those newbie will not hope for easy rich scheme since commonly they are prone to commit trading mistakes or even get scam. We all prove that investing on bitcoin is not wrong its just it need proper study so that they can think more better when they try to accumulate.

People see bitcoin as a get rich quick tool especially if they have witnessed some friends who are into bitcoin and are now living their lives in luxury. Because of envy and greed, they start to accumulate bitcoin the wrong way believing that if they’ll just invest a small amount, their progress will take a lot of years. Eventually, by putting all their hard-earned money into bitcoin without prior research and studies, they end up losing all their money instead. That only proves that investing in bitcoin will never be profitable if you put pressure into it. Bitcoin investment can never guarantee profitability at all times, but if you follow the rules with knowledge and patience, and invest in it for no definite time or target, most likely you will reap positive results in the end.

I totally agree with what you said in this matter. Because investing in bitcoin for the long term must be done with full calculation and there is also no need to rush. We can accumulate slowly and little by little. And of course only use money that is ready if you have to lose. In the sense of cold money that will not be used in the long term. And cold money is usually the money left over after we have met all the necessities needed to support our daily lives. Accumulation with cold money will keep our mentality healthy and not disturbed at all. The point is we have to control ourselves and keep prioritizing the most important needs in our lives and only then invest in bitcoin.

One of the most common opinions is that I started buying bitcoin late. A person begins to enter the race, invests more money than he can afford, this then leads to other mistakes.
I really liked the idea that you are never late for bitcoins. Every time will be right

I have the opinion that Bitcoin is still at its early stage despite a decade already gone as the technology is still new in most parts of the world especially areas that have been bounded by border-only payment networks. So I tend to think that anytime is a good time to get into Bitcoin and the crypto space as there would hyper growth in the coming years when the technology become the de-facto payment and storage of value system of the global financial system. Although the price might take downswing any other day but these are opportunities to acquire more and average down.

There are people who jump into crypto after hearing success stories of there friends or people they know. If you are coming into crypto with mind set that you will buy Bitcoin and soon you will be rich then nothing can stop you from losing your money.

Investing in Bitcoin is no doubt a profitable strategy but there is a way to invest in. There are people whose capital is struck as they bought Bitcoin when its price is sky high. There are risks associated with every market and one must adhere to those risks before jumping into the market.

I don't subscribe to the opinion that we're still in the "early adoption" phase. Bitcoin's global recognition rate is too high for that to be true. Pretty much every adult has heard of Bitcoin at least few times in their lives even if they haven't registered that (i.e. because they're not interested in finance/technology).
That's not to say BTC has no room to grow. I can easily envision a scenario when it surpasses gold in terms of marketcap, but times of it doing x100 in one cycle are probably gone for good.

What I think is that it is not people's fault that they invest more than their budget because it is bitcoin after all.
Bitcoin has created a reputation and trust that it is bound to achieve new heights in price which is the foremost reason why everyone wants to get their hands on it.
Even I have been trying to accumulate as much as I can and will continue the same. But you do have a point that sometimes over investing kills our goals instead of achieving it.
Sometimes we have to sell at the wrong time just because we don't have that emergency fund we should have since we used it in over investing in bitcoin.

When it comes to investment in bitcoins a simple step is recommended to follow especially when the money is not fully yours or you just borrowed it from your families and friends, then this kind of investment is not wise when you put everything to bitcoins because considering the movement of the price, it could be your worst nightmare if volatility will occur and they badly needed their money back from you.

It's always good to take it slow and steady. When I invest in Bitcoin I always have a target of what I would like to achieve and I don't really rush things or change plans no matter what happens next. So whatever plan I set, I always make sure to follow it through to the end. That's just it for me. If you try to rush or look at things that are happening in the market, sometimes you might just make a wrong move.

The biggest mistake I have observed in my environment is greed while saving Bitcoin or any valuable asset. Let's say that the savings made while saving Bitcoin are bought at a good price and Bitcoin starts to gain value. Bitcoin continues to rise. So what do we do in this case? The key answer will be to be patient and stick to the plan but most people will then sell their savings.
Starting to act late can be one of the important mistakes made while saving. You may think that it is not time to buy for Bitcoin accumulation, but in fact, you are in the beginning of the bull market.

As Bitcoin rises, you stop buying and decide to buy at peaks. I would not say that the investment to be made after this part will be very profitable. In summary you should be patient when investing and you should not be late for anything. You should constantly follow the market and not miss the news feeds. Remember, this is a market that doesn't sleep 24/7.

The reality is, many investors are often caught up in their emotions and are overly optimistic about Bitcoin's growth potential based on the past.

However, adopting a long-term investment model and treating Bitcoin as a special asset should not make us ignore the fact that the cryptocurrency market is highly volatile and can change rapidly. While learning from the past can be helpful, we also need to ask whether the situation might change in the future and whether new factors might influence trends.

The wrongest(I know there is no word like this) way I know people accumulate bitcoins is by robbing other people and ripping them off the bitcoins that they have kept, or making them buy bitcoins and send to them by deceiving these people. Scammers can get a huge amount of bitcoins in their keep from a successful scam they carry out on someone.

In a day, they can have more bitcoins than someone who has been gathering bitcoin for a long time. This is a really wrong way to get and accumulate bitcoins, people who do this deserve to face the law.

It one of the worst way ever to gather bitcoin and there's no word to exactly punch it on in describing the behavior or actions. And people should be discouraged from accumulating bitcoin by illegal means. The psychological trauma and pains people go through when they had to lose their coins to scam or hackers who by way of brute force got their money stolen is something I wouldn't wish my enemy especially when it got to do with huge sum of money.

The cryptocurrency market is basically not for people who don't have enough patience to hold onto their assets when there is a bad time because when you panic and sell your assets as soon as the market starts dipping, you can never get anything out of your investments because you will be losing more money than you will possibly get with that mindset. A person needs to have diamond hands to become a successful investor in the cryptocurrency market.

And, these kinds of people who can't control their urges to sell when the market dips a little bid basically become the reason for widening the dips and making them go deeper because they start panic selling which causes further declines in the market, and then a dip that could be a small one becomes bigger.

Do not be too motivated or excited to default on your strategy or plan in accumulation of bitcoin at whatever period you have planned. If you plan to invest $50 per week, the individual should stick to it even if something happens and they suddenly have a $100 that week. If you default on that plan for that week, you would mess it up for the rest of period and may become inconsistent in the amount you have decided to invest per week.

Drawing from the last analogy, do not neglect your basic and financial needs in a bid to accumulate bitcoin. It is the fastest way to become demotivated. Have a plan, a budget and stick to it.

For me BTC accumulation is more about have a right investment strategy or should I say savings strategy that would be maintained according to ones earnings, for a duration.
It is more like saving up crypto for future use. I don't think there is any wrong way to do it, except being too strict or stringent about that one fails to pay heed to other affairs of life.
Also, there may be the case of not knowing the right way to accumulate, in this case, a mentor or brokerage or broker is necessary so as not to loss all coins to ignorance.

 Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

You have said it all and  nailed them on the table. And there are some friends that also making the situation worse. Because they too did not tell those their friends the risk involved in the investment. And the friends on their part did not bother to ask questions to know more and all what they need is to make the quick money and unknown to them that bitcoin investment take time to ripe and not instant rich. In the contemporary world, greedy and envy are the elements in the world. So one has to be careful with friends. Because they can do anything to get rich this days.

People don't want to do research again and all what they like to do is to invest and get money faster and that has led many to early grave. As you said, if they are patient to invest long term investment and bitcoin rise up to the ATH, they will definitely make it if they use big amount but because of their thoughts in getting quick rich they are always faster than their shadow.

You are absolutely right and I agree that investing in Bitcoin is an activity that cannot be done in a hurry because we also have to learn basic knowledge about investing in Bitcoin and understand what risks will be faced.
If we want to invest, of course we have to do various careful calculations and the most important thing is that we have to adjust to our current conditions and we should use "cold money" to invest in Bitcoin so that our investment activities don't become a burden for us.
But sometimes some people don't have good investment risk management, for example those who are too brave to take risks and are greedy to put all their assets or money in and there are even some people who just sell their property to invest in Bitcoin and do not care about the risks involved.

You got it right. People always doubt whenever it’s new in the market but the moment it got hyped, then they hurriedly buy bitcoin even without prior research on how to do proper accumulation. That is already their first faults in the market, investing when the price is hyped and buying bitcoin without studying how it works in the market. With greed, people continue to accumulate and invest in bitcoin all their hard-earned money thinking that it will always results into huge profits. And the moment they start losing, unfortunately they will begin to attack bitcoin saying all negative stuffs that makes bitcoin a big scam to the eyes of the people.

And I did as it was important that it was included in our plan to whether our investment would be long-term or short-term so we can also easily decide when to sell.
It was stressful if we keep looking at the market chart. An investors, we are not day traders who have to check the market every day because we already have a timeline for when to sell our Bitcoin. We just check it when it was almost near because if we keep checking it that possibly will affect our mindset and goal and supposedly not. In order to stay on our goal, we don't have to do this but just check the market when it was already near.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.

Accumulating Bitcoin as an asset for investment is a wise thing to do, especially if we really have the mindset to invest more healthily. But what might have an impact here is how the process goes. Because when someone is accumulating their Bitcoin assets, surely this will not be as smooth as they expect. There will be a phase where worry will strike, especially for those who are sort of term holders. Because the price of Bitcoin suddenly dropped drastically as is happening now. The value of our assets will also decrease drastically. Now this certainly won't be a problem for long term holders who do have principles. But if it's new people and short term holders, then they could consider this a disaster.

Until a person find himself to be wrong or right, there is nothing to correct. The person does it based on his understanding about the market. Every people try to have their own technique and strategy while accumulating bitcoin. The best being buy when the price is at the bottom. It is really tough and the same could make us miss opportunity to buy at the lowest price. For this reason it is good to spend specific amount regularly on buying bitcoin. Along with the same DCA is really good against buying as a whole.

But we do know that not all does have the patience on holding for long term or time on which there would be those people who would really be preferring on seeing profits in a shorter time frame and this is the reason on why they would be definitely be engaging with some altcoins or even trying out to touch some meme coins for some possibility of quick profits and possibly that could earn tons of money in a short time but of course we do know that the risks is really that higher.

Accumulation would really be requiring that kind of determination specially when you are holding but initially on which it is really that needing that proper planning in terms of the money that you should only gonna spend.
Its true that there are people who are really just that impulsive or really that dont able to think up carefully in regards to this on which they are really doing such bad step or decision basing up on their accumulation.
Some do even make use of the amounts which are for emergency funds which it is really that too much or something that really in excess.

These investors needs to educate themselves to know if they're doing it the right way. One of the usual mistake is investing the money that they can't live without due to high expectation, and because of greed. This is the advantage if you're an old investor, aware how the market works and used to seeing the market in bearish season so it doesn't create panic.

Those who think they missed the chance (comparing the previous price to the current) because the value is already expensive didn't realize that it's not really late if your goal is to hold for long period (even for short term, as long as you know how to timing the market).

the things that are their biggest enemy are themselves, where greed, fear, which is a psychological pressure that must be regulated in such a way so that we can control it, we must correct the wrong mindset, considering that currently many consider the price to be expensive so they do not dare to buy it , even though if we know the characteristics of the market then we will be able to understand that opportunities will always come and we don't need to worry about them, therefore we need knowledge

The temptation and attraction of earning faster or in a shorter period of time really drive people to invest in things like altcoins and meme coins. The attraction that fast-earning investments have brings people to forget about the risk that comes with it. We get too hyped over the idea of earning more profit in a short period of time that we forget about the possible negative outcomes the risk of it may cause. We forget that the greater the deal and benefit sounds the higher the risk it will cause.

A lot of people think btc is sure-money and while in a sense there’s some truth to it, they still need to understand there’s always gonna be risks. Giving all your money to something, btc or not, is always not a good thing. There would definitely be some people who’ll see their money grow tremendously which makes them want to invest all their money. Same concept with gambling if you think about it except investing isn’t based on luck but rather extensive knowledge on the market. It’s hard to regain control over oneself when everything that’s happening is good. You feel good so you don’t think of the other bad things that could happen. Well, that’s one unfortunate thing.

I think that's pretty normal to a person's nature which is to earn, so they would find other ways or what we called "alternative" just to earn extra money. So people are aware on the short term potential of altcoins, if there's a potential of course there's also a cons like in Bitcoin. If you are a good investor or trader you would study the coin first before investing due to some coins are made just to get rugpulled by using hyped. Imagine Bitcoin as a known coin for having a huge potential and benefits but we are still aware from it's disadvantages right? Same way in altcoin, you'll need to gather information first if you will put your money at stake. I've actually profited on this alt coins such as meme coins but it's just a quick flip that you won't be planning to hodl for that long.

I also made quite a bit of money investing in altcoins and I used that profit to invest in bitcoin for the long term.  if we have knowledge and method then investing in altcoin is very profitable but why do people hate it so much?  aren't we here to make money? Why we focus only on bitcoin and ignore bigger opportunities?  like we criticize those who only invest in gold and real estate and ignore the golden opportunity with bitcoin.  but in the end, we are just like them, stubborn and stubborn to only invest in bitcoin and ignore the opportunity to make high profits from altcoins.

Well o don't think  anyone is late to investing in bitcoin  and anyone having such mentality  should have a rethink and restrategize on their investment  plan.
Bitcoin  investment  isn't supposed to be pressured but rather at free will and there is a saying that  we should only invest what we're  willing to lose because nothing is guaranteed not even in bitcoin investment.
I don't know what must have prompted this thread, but this has been a very obvious observation and this is also a call for everyone to be careful and very personal about their investments as anything lost is always difficult to reclaim.

There's nothing bad to engage on a short time planning for your bitcoin investment since it's not a must for you to always go long, many can decide to go trading, while some can choose a specific entry period when the market is low to invest and within ba short period have the market rise and they make decision to release their investment.


Maybe we can also include this in asking what particular type of cryptocurrency investment are we making, is it on bitcoin or we are wasting time on some of the fake crypto projects which may turn out to scam after which we made an investment with them, we must think smart in this.

Investing and/or spending more than what you can afford is simply plain wrong in any field, it's not something exclusively bitcoin/crypto related: even the stock market could ruin you if you invest too much and it goes down, or also the payments for a house or a car.

It will have a chain effect on you financially because you'll end up borrowing money from others, and that is where your budget will get short because you'll need to pay back what you have borrowed. If we can't afford it, then we should push it through because we will end up struggling. Just invest what you can afford. I mean, you can save for a couple of months if you can't afford it one at a time, but don't overstretch your budget on it.

Anyone with half a brain would tell you that looking for those quick profits is like playing with fire, especially in the volatile altcoin market. Sure, you've made some profits flipping meme coins, but lets be real: those short-term gains can't compare to the tried and true potential of Bitcoin.

While many chase after the next shiny thing, smart investors, the best investors, know where the real value lies. Furthermore, they would not waste their time with coins that could easily be "rugpulled." It's time to step up your investment performance. I've witnessed numerous people fall because they believed they knew better. Dont join their ranks. If you want to play in the big leagues, you need to think big, not chase after fleeting opportunities.

There is nothing wrong with that because everyone has their own preferences regardless of whether they are in altcoins or shitcoins. The problem is when a lot of people who don't really understand the conditions of what they are doing but try to follow which makes them ultimately experience their own losses.

I personally don't prohibit everyone from doing anything here because everyone has their own perspective but what needs to be considered is that we must be aware of whether or not our qualifications are capable of being on that path, when we don't really master how fast and what kind of shitcoin scheme then never try that because when we try something that is beyond our ability it is tantamount to gambling so that bitcoin must still be the main benchmark because when compared to altcoin or shitcoin then bitcoin is the safest. 

It is good for us to diversify our portfolio of cryptocurrency so that when one is not doing well in the market, the other might be giving a good bull patterns which is a better way for us to split our investment. Our investments should not only be in cryptocurrency but in other sectors too so that when the Crypto market falls, we can still be proud of other investments that we have put our money.
For me, Bitcoin is the only currency that is safe to hold without having issues like rug pull or crashing like many of there crypto projects that had put there investors in pitiful conditions of losing there hard earned money.

What's basically wrong is the mindset of getting rich quickly with cryptocurrencies, I know that it happens with some but that is purely out of luck, and general cryptocurrency investments can only provide you profit but won't magically make you rich overnight. So one needs to rectify their approach first and take this opportunity just as an opportunity to earn money, maybe even earn a living if done properly but shouldn't think of it as a get-rich-quick scheme.

People who enter the market with this approach will most likely waste their money investing in shitcoins hoping for huge gains and eventually losing their investments and then blaming cryptocurrencies for making them go broke which is actually the result of them becoming greedy and wanting a lot of money in a very short period of time.

I have noticed that for many, getting rich quick is associated with buying altcoins, but I think this is a false path, because these are big risks and I am not sure that it is worth risking your investments at the very beginning.

The basis of the investment should be bitcoin, I even tend to have only bitcoin in the portfolio, but if there is a desire to take risks, then let 10% of the portfolio consist of altcoins, their loss will not become critical in case of failure. At the very beginning, we need to focus as much as possible on the security of our funds, and bitcoin is the best fit for this.

For investment of cryptocurrency, as investor you most have a category of your investment or you have of investment in bitcoin and without having such you will be discouraged or being biased in your investment, some investors chose to use go through long term investment and those who chose to go through long term investment are investors that targeted to invest during bear season why the short term investors most of them invest when bitcoin price is fluctuating or increasing so that they will make advantages of any step of bitcoin increment, so I believe that bitcoin investment the investors have have plan  and target before investing

The logic behind it is people think that since Bitcoin is already high (compared to its first years) and therefore the only way to get super-high returns is to gamble on low-market cap altcoins. And since they only have small capital, they feel like they have no other choice.
There's some truth to it, but that's not a wise approach. In the longer run, it's way better to be patient and invest small amounts the same (or similar) way you'd invest large capital, than to just to piss money away on a short-lived pump and dump schemes.

That is right. They believe Bitcoin potential is already saturated. What isn't true at all, since there is a lot of potential for BTC yet, as it may still reach 100K$ ATH in some years, guaranting a profitability of more than 300% for investors who start the investment right now.

The problem is that those who invest in altcoins think 300% is low profit. They aim exaggerated goals such as 1000% and even more, which are promised to be reachable by altcoins developers and shillers. That is when investors lose money, because those goals aren't realistic in most cases.

Altcoin profit targets of up to 1000% mostly occur on newly emerging and hype memecoins, while for altcoins, in general, it takes a long time and the right moment like in alt season.

But even if a 1000% target can happen, it's not easy to find.
Targeting that much upside is like looking for a needle in a haystack and mostly results in a lot of losses for investors.

If 300% is considered a low profit, then they are not real investors, they are seasonal investors who are only there when the hype moment appears.
Even the price of Bitcoin reaches $100k will not reach up to hundreds of percent, but it will always be looked forward to as a new ATH.

These altcoin fanatics mindlessly chase the dream of 1000% returns because developers promise them the moon. But lets be honest: most of these claims are as solid as a rotten tree trunk. Bitcoin, the first cryptocurrency, the giant, the monster, has YET to reach its full potential. Those who say otherwise are either wrong or have something to hide.

Is a profit of 300% low? In what way is reality skewed? Even though it doesnt promise crazy profits right away, that doesnt mean its not useful. Bitcoin has proven itself over and over again, while these other coins come and go like the seasons.

Its not about being conservative; its about being sensible. But in this crypto world, reality doesnt sell as well as fantasy, does it?

Perhaps, that was a problem for most, we assume that by buying today, we can earn a profit by tomorrow which is obviously not. As long as our rich-quick mindsets stay with us, we fall and get wrong with our decisions, and badly lose in the end. It is a time that we have to change the way we look at crypto investment because this could be the reason why we fail from achieving our goal. In fact, no matter what we gonna do, we can't beat the market and make everything favorable to us because, in the end, we remain a loser from our wrongdoings.

I agree that many newbies are making the mistake of thinking that bitcoin is saturated and cannot give them big returns, and they look to altcoins with the expectation of making bigger returns. And I also agree that investing in altcoin is very risky but the return will be huge if we choose the right project. But what's wrong with them investing in altcoins? I mean not all altcoins are useless and scams. Such as ETH or BNB, they are also altcoins, but their potential is undeniable, and their returns are even more substantial than bitcoin these days. So why not invest in them?

We are always critical of people who invest in altcoins, which makes us no different from old-fashioned real estate and gold investors. They also criticized us for choosing to invest in bitcoin because it was too risky, and we called them stupid for not investing in bitcoin. So are we stupid to criticize those who invest in altcoins when they have a chance to get huge rewards?

There’s no wrong way to accumulate bitcoin as long as you don’t panic sell at a loss. If you buy & hold for a number of years you are historically, at least, always guaranteed to turn great profit. Due to the deflationary design of bitcoin it is very likely this will continue for the foreseeable future. So essentially, DCA or smash buy, whatever, patience & holding long term is the main thing to guarantee profits.

True indeed. That’s where he’s comfortable of doing and that’s how he gained understanding from the market, so if he is doing it wrongly, he will later recognize his mistake after a lesson learned. And when that happens, if he’s mature and capable enough, he will never repeat the same mistake again to avoid repeated losses as well.

It’s always good to accumulate bitcoin as early as now especially that bitcoin halving is fast approaching, but what makes it wrong is when you spend your money more than you can afford to lose. Remember that bitcoin is still risky and cannot assure guaranteed profits, but if you know how to do the math, you will never invest more than your means, otherwise you’ll end up regretting your decision.

There are always ways to accumulate and avoid unnecessary losses in bitcoin, it is power and knowledge alone that will make anyone decide not to get involved in a panic. Buying and holding has historically been bound to turn a profit due in as to bitcoin's deflationary design as we've seen so far, but also not the least of expectations beyond the mismatch between buying and expected gains in the short term. Finally patience in acting will actually give birth to losses when selling sells beyond the desired achievement limit.

Holding and buying will always give birth to profits and the concept is patience as you convey and if someone can do this properly it is very unlikely that the investment undertaken will suffer losses. That's why sometimes investments in the short term must be adjusted according to the budget to generate profits and it is different when someone expects the long term as an investment in his life.

People should simply utilize the DCA (dollar cost averaging) system and stick with that, otherwise you're simply trying to play market timing.  The biggest mistake I see people making is buying bitcoin when it starts to really take off.  This of course means you're chasing highs that may end quickly, and then you just bought at the top.  This of course is exactly what NOT to do.

All strategies are of course very feasible because at the end of the day whether it is DCA or buying on dips all depends on ourselves who run especially strategies like this are also not wrong to do.
The most important thing right now is how we try to maintain because buying and selling is a very easy matter but holding back not everyone can do it.
There are so many people who sometimes even have narrow thinking where they feel deceived by bitcoin and sell even though they experience losses because they do not have basic knowledge about bitcoin and investment because they only follow buying and selling without calculation but do not realise that what they do is actually making them more miserable.

Although some do try as best to follow the DCA strategy but on the long run of their investment plan they fall out to other means to either feel that they are smart enough to gather much BTC in few minutes or go into trading to gather more in lesser time which is very risky and this can even end up eating your whole investment if you are not an expert and for me I feel their is actually no expert when it's come to trading because I have termed both trading qnd gambling to be one because of the risk of uncertainty.

By starting to invest at a larger capital believing that it could also gain bigger amount of profits. But in reality, it’s not actually the case. Your profits will depend how good and reliable you are as an investor, not on the amount of capital you start to invest. Also, by starting to accumulate when the market is in bullish, just to ensure oneself that  the prices will even continue to surge high and reach higher prices. But in reality, as long as the market remains volatile, the price will never follow a one way direction but will always move both in the same direction. At some point, the price is up, while at another point, the price drops and reaches a lower price.

One strategy that I came across some time ago, which I mentioned previously, is the concept of "Dual Investment." It's important to address why individuals often accumulate BTC incorrectly. This tends to happen when people jump into the market too late, during a period when Bitcoin is already experiencing a surge in value. Which all know that this behavior is often referred to as "fudding." Another reason is that many people attempt to time the market perfectly, but this can be challenging due to our human nature. At times, we might inadvertently miss out on opportunities.

I think you confused multiple terms here. Not sure why you mentioned Dual Investment, do you mean investment product offered by e.g. Binance?
When people use the term "accumulate" they usually mean to purchase gradually to slowly build up the desired holding. Buying at the top is not really accumulating.
And fudding stems from FUD (Fear, Uncertainty, Doubt), meaning spreading (usually fake) news and rumours to scare investors and drive the price down.

I don't think there is a wrong way to accumulate... just because if you are smart enough, and of course will have always the cash/FIAT needed for some "essential services".
it's not really hard make such "aggressive" accumulation mentioned by OP with the proper pianification.
Nowadays it's plenty of services that allow btc storage (hot and cold wallet solutions) and easy way to spend the coins....

I know personally people that allocate not less than 30% of monthly wage in bitcoin.
Other ones (like me) that made purchase only on certain situation (I want to buy a service/price is convenient).

For a moment I understand your speech in the third person, then it seems that it is your experience but it does not fully materialize that this is your experience, I say this because one can read and refer to others, but that does not imply that it is your experience on the subject.

For example, which investors?  You... because you say that investors commit, mainly bitcoiners, that is a mention of a sensation or possibly you read it, because personal experience as you relate is not.

Then, as everyone follows his plans, they can only be a reference, and from there take the best ideas, if there are any, since what you see badly does not necessarily mean that it does not work.

Patience is one key to success. If investors never been practicing it due to their greed on profits and just invest big time in order to gain quick profits, then obviously it will still end up unsuccessful. It’s not actually how many time you try to accumulate bitcoin or how big your capital is, but it’s how you handle your investments with the right attitude and patience that will help you not to be impulsive so you won’t end up with wrong decision making.

I'd never see any problem with the way we accumulate Bitcoin but what I notice is that we usually get it wrong in the time of selling because when we hear negative news and price decline, we then think about selling as we are worried about what comes next. Yes, panic or emotion is the most common reason why we lose and this is very often happens to newcomers. This is why it was been encouraged that we know how to be patient and we must know how to trust Bitcoin as this would help us to keep strong and become optimistic despite the market challenges that we experience.

Newbies are the ones that panic and sell off their bitcoin when they see a decline in the price of bitcoin because some of them don't understand bitcoin price movement and they think that it will only keep going up,and if reverse is the case,they feel that bitcoin price will keep on declining for long. Most of these newbies might have thought that bitcoin is a rich quick scheme and they will invest in short term. Maybe because they borrowed the money to invest and need to pay back with interest or maybe,they have use money for important thing to buy bitcoin. But for the OGs in bitcoin, when the price declines,it is an opportunity for them to buy more.

In addition to what you mentioned, there are wrong ways to deposit bitcoins, there are many people who make the same mistake. For example, if an investor wants to invest in bitcoins by taking a loan from a bank or someone else, who will make the biggest mistake?  Again, there are many people who sell their assets like gold or land and think of depositing bitcoins with this money. So I would advise those people that instead of having such negative thoughts, it is best to think positively and invest bitcoins with your savings. Because we always have to think about the fact that there is volatility in the Bitcoin market which can put an investor at risk if he invests with debt. In that case, a bitcoiner should be fully aware of this and it would be better for him to use some of his earnings to accumulate bitcoins.

One of the wrong ways to accumulate Bitcoin is to invest in altcoins and when you get the profit convert it to Bitcoin so that the Bitcoin increases.
Altcoins can indeed sometimes provide bigger and faster profits but it is balanced with the risk of loss that we can accept because it turns out that the Altcoin we choose is the wrong coin, because until any time we will not be able to correctly choose which altcoin can provide profit, because many altcoins are created only for short-term purposes to take, and the market could not realize it until it finally became a coin that has no value at all because it has been abandoned by its developers who have made a profit, so buying altcoins for profit in order to continue accumulating bitcoins is like gambling

If history has taught us anything, it is that the quickest way to financial destruction is through leverage and rash decisions in volatile markets like Bitcoin! Selling actual assets for something as unpredictable as Bitcoin or taking out a loan? It's insane, not just foolish! Listen, throughout history, people have consistently made terrible decisions that were frequently motivated by greed and ignorance. Use your money at least if you're so anxious to join the Bitcoin craze. But always keep in mind that in a market as erratic as Bitcoin, you can end up ruling the hill or being laughed at by everyone

Bitcoin price action is unpredictable, I learn that even those who are very good at reading charts are some times wrong, instead of trying to see the future I just prefer to DCA into Bitcoin when I have the money, there will be no worries of what will happen to your money, unless you are in for short term only.

DCA will give you a good advantage instead of investing all the money you ever had or all the money you can afford at once unto Bitcoin, gradual investment will give you a better advantage over price action, especially when the price is dumping.

If 3,000$ is all you can afford for a whole year, start investing 250$ every month, Bitcoin might be 26,000$ and in a month time it can be at 17,500$, the truth is no one will know, so DCA makes it better, Another thing is you get more Bitcoin when the price is lower.