Another thing for me and I think the best approach to accumulation is to allocate 20% to bitcoin, keep 20% as an emergency fund for things that might happen unexpectedly, and the remaining 60% to make ends meet.
Imo i believe the optimum allocation is subjective based on individuals income, country, goal, and attitude towards risk. The DCA amount allocated for the month I guess doesn't have to be once a month but could be spread across the days in a month especially during a correction or dip. That is not actually the right way to go about it because there is no way you could advise someone who is earning low to invest on a daily basis that's actually an over investment because let's take for instance he is earning $150 on a monthly basis and you advise him to invest daily and maybe he uses $5 as his accumulation amount on the daily basis and in a month we have 30 days depending on the particular month so perhaps $5*30=$150 he will spent per month which is his salary per month and that means he will be investing 100% of his monthly salary, this is actually an over aggressive investment, so perhaps I would advise you focus on weekly accumulation using $10 since you are earning $150 monthly because this will keep you away from getting in trouble during the process. I don't support the idea of investing on daily basis, I don't know how effective it will be for those doing it but for me it doesn't make sense, firstly there is a very big possiblity that the price one bought yesterday will still be the same price region that bitcoin will be today. The best way is to DCA on weekly basis or on monthly basis, that's a bit more effective than daily basis. There is a big possiblity of getting a reasonable price difference when we invest in weekly or monthly basis. Secondly when someone keep investing on daily basis, you end up paying more exchanges fees, it might really look small, but when added together you realize that you have spent huge amount on exchange charges. That being said anyone decaying on daily basis should switch from it. If you add those fees you are spending on exchange charges on daily basis, you will be able to get more stash of bitcoin if done on weekly or monthly basis. Don't be in a hurry to forget the fact that Bitcoin is a volatile asset which you can not measure it's occurrence in days, the price swings and fluctuations can be so rapid either inclined or declined at any given time, you made mention of that there is a very big possibility that the price one bought yesterday will still be the same price region Bitcoin will be today, there is no guarantee to that regard because there is also a very big possiblity that the price one bought yesterday can not also be the same price region today and that is Bitcoin volatility nature. However, for me I don't think when you make your purchases of Bitcoin is that important, what I feel is much important is the readiness of an investor and the availability of your investment money and how you can be able maximize every opportunities that shows it's self in the market in order to increase the size of your Bitcoin investment. |
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Good morning everyone
@Obulis, it will be more better if you reduce the rate at which you are spamming the thread, the forum is not some kind of social media platform . You should be compiling most of your posts to be in one page and that will add more value to your post generally, you just have to take note of this and improve. |
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You don’t invest with spare money, it sound as a disrespect or lack of trust from my view cause when referring something as spare it’s considered as a leftover or not so important but rather you invest with your satisfied amount for example, each time I receive my monthly pay I make sure bitcoin budget is involve cause bitcoin investment is so valuable so I can’t afford to miss the date set for accumulating sometimes I use my monthly bonus to accumulate cause I know I can hold for long and still plan ahead, if you’re referring your accumulating money as a spare amount you’re actually trying to say you can miss the date set cause what if there’s no spare money during that month.
We should be learning with all of our mind widely open, spare money which can also be called discretional or disposable income has to do with figuring out the difference between your income and your expenses, if you don't have your life needs covered up, then you may end up gambling with your investment, it is best you have your life personal life needs covered before considering the amount to be put in to your investment. However, you need to have either income or side amount of savings that is greater than your expenses in order to be able to invest and if you do not such access then you are gambling rather than investing. At most times different months as a monthly salary earner comes with different expenses or apparently as an individual our expenses varies in days, weeks, and months, hence an investor will tend to invest or not, increase or decrease the amount of money to be allocated to his investment depending on how much of his discretional and disposable income (spare money) he has and that only serves the purpose of investmenting only the amount we can afford to lose with so much comfort and the peace of mind needed to grow our asset class BITCOIN. |
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I'm not sure you saw my previous question I found out that the total pusher per day day is higher than the total pusher Idk if it's an error or there's something I don't understand. Thanks There is "Pushers" which is how many people reporting, 37. Then there is the "total pusher per day day" as you call it, which I believe you are referring to the "Pushups/Pusher per day" column amount which is the average of how many pushups we all are doing per day = 106.55 * 35.7297 average days per pusher = 140859. I can't even remember how much I have actually pushed so far but all thesame I have pushed enough we the pusher I normally pushups per day making sure I cover my column..... Am putting it directly to you that doing an exercise like pushups casually without keeping tracks of records is a very wrong approach and there is no way you can be serious about it but yeah no body cares about it if you are being serious or not but the truth must be told that keeping tracks of records of your pushups by writing then down has so much value, as it shows your strength and weakness and how much progress you are making and how to go about making an improvement, you can only be cheating yourself and that is the reason why you are not on the table but yeah any one can whatever they like. |
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My new challenge was to do 200 push ups a day. I am trying hard to do 200 push ups a day but it is not easy, but everything is possible if you try. I have not been able to submit the push up report for the past few days. I did 150 push ups on 9th May, 130 push ups on 10th May, 145 push ups on 11th May, 140 push ups on 12th May, 150 push ups on 13th May, 150 push ups on 14th May. Now I will continue to try to do 150 push ups regularly for a few days, after that I will try to increase.
My new report:
100k,Bd officer,56,3874,2024-05-14
It is not easy to keep up the quantity of pushups per day.. There is a need to build up to the quantities, and for me there surely has been some pain involved in regularly carrying out larger quantities of pushups on a daily basis.. I have reached my 100 days, so I wanted to make sure that I was right on 20k pushups for the end of this round number day. By the way, today, I had two of my slowest pushup sets ever. The first slow set for today was this morning with 33 pushups in 55 seconds 1.67 seconds per pushup.. . but yeah, ONLY 33 of them (not 40).. The second one was my last set of the day, which was 35 in 63 seconds 1.8 seconds per pushup, and truly my longest time doing a pushup set ever (at least in recent times).. my prior length of time record (at least during this pushup season on April 30) was 57 seconds and 69 pushups (which was ONLY 0.826 seconds per pushup). Still all of this little progress seems to starting to get me into the 1.5 to 2 second range for my pushups on a more frequent basis, even though it still could take me a while to get to 40 pushups in 2 seconds per pushup kind of a rate.. but I am seeming to be making progress. 100k,JayJuanGee,100,20000,2024-05-15 Your push-up record is very impressive, doing 20k push-up in your 100 days of push-up is not a day job you have put in more energy and determination to achieve this. To me the numbers of push-up been done in a set doesn't really matter as long as you are doing above 10 in a single set but your consistency really matters alot, producing 20k push-up under 100 days is a sign of seriousness and consistency keep it up Sir. Thanks.. I am thinking that I am going to continue to try to average 200 per day, even if some days might be higher or lower, and so if my average is mostly staying around 200, then I will do my sets slow, fast, slow, fast and keep alternating, but if for some reason I fall behind and I have to make up pushups to get back to the 200 per day average, then my tentative plan is that I will do fast sets until I get back to the 200 per day average, and then revert back to alternating between slow, fast, slow.. etc. It is very interesting having a target of higher number of push per day probably after being comfortable within certain range, for quite some time now I have not really been playing in the 100 pushups a day league, I level up by targeting 200 pushups a with hope that even if I don't get up to 200 in some days but hopefully enough that I will be achieving above 100 and nothing less than 100 a day, yeah in achieving this more comfortablely, I spread out in many sets and sessions of possibly achieving my goal, I usually do a faster pushups when am still far from my targeted number of pushups but when am getting closer to my total expected number I make it slower and this has been my other for the past days, and indeed the feeling is different. Below is my report 100k,Tmoonz,80,8227,2024-05-16 |
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Another thing for me and I think the best approach to accumulation is to allocate 20% to bitcoin, keep 20% as an emergency fund for things that might happen unexpectedly, and the remaining 60% to make ends meet.
Imo i believe the optimum allocation is subjective based on individuals income, country, goal, and attitude towards risk. The DCA amount allocated for the month I guess doesn't have to be once a month but could be spread across the days in a month especially during a correction or dip. Buying daily could be a burden and therefore difficult to implement. If the purchase is made on centralized exchanges, consider the withdrawal fees which is expected to be made daily, that a lone can become a big amount of money when you check it in a month time of daily withdrawals. Remember that it is not advisable to store your asset in CEX due to the risk associated to them. That means the only option will be to withdrawal daily or at least regularly. Similarly, if buying through decentralized exchanges like Bisq, there is still the transaction fees which will not go away. Apart from the withdrawal and transaction fees, buying daily will be time consuming and there is the tendency of getting tired after some times. Therefore, I am not supporting daily DCA. The weekly or monthly DCA is fine and gives one enough space to plan well in terms of the finance and time needed to implement the plans. For me I will consider the logic to be, invest when the money is readily available for investment, it doesn't really matters when, although mostly the monthly or weekly dca has been prioritize but which ever it may be it is left for an investor to make that sole decision in terms his level of preparedness generally. The readiness of the investor to make purchases of Bitcoin is what is most important but having a long term plan might not necessarily need buying on daily basis . And there should be a certain level of comfort at whatever may be his choice of of when to dcaing. |
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For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
Volatility has been a factor of Bitcoin functionality, it will be best we build our psychology in terms of the downward and upward movements of Bitcoin in order for us to make an informed decisions, no one can actually tell to what extent it become of Bitcoin in terms of the bearishness and also to what extend in terms of bullishness. However, the only realistic and certainty is the volatility nature of Bitcoin. Bitcoin will surely dip again and come up again that is it's natural phenomenon. |
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Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?
This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
With Bitcoin am good to go yeah I don't mind receiving my salary in Bitcoin because it is Bitcoin and not any other coins such that even if the value shrinks within a small time it has been consistently proven to be rising up when it value comes down, yes am ok am very much receiving my salary in Bitcoin and convert the quantity that I want to makes use of in my local currency. |
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Saving can be very challenging especially for those who prioritize extreme satisfaction, yeah irrespective of how small your income can be there is need to save as little as possible, for savings also saves as a safety net for future purposes, reducing ones budgets and expenses can as well be helpful in terms of ensuring that there is a little saving even at the expense of satisfying your needs by not buying things that might not be necessary. No one can be young for ever neither is any going to be working for ever so having a good culture of savings habit makes a better preparations for the future and it should be encourage.
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It sounds like you want to gamble with bitcoin, so yeah, that might work out for you.. and maybe you will regret selling too much bitcoin too soon.. but surely those are your choices in terms of your desires to attempt to play bitcoin for short-term profits.
In my opinion, if they are unable to restrain themselves from continuing to hold bitcoin in the long term then there will be no satisfaction with the results they will get. Gambling with bitcoin where you sell and buy back and panic certainly results in zero results. I think people have to change their mindset to hold bitcoin until their target is achieved, if the target of $100k is their main target then hold it until the price of bitcoin reaches $100k of course there is satisfaction for those who succeed in doing so. Of course there will be huge regrets if they sell bitcoin too quickly, many new threads of regret will emerge when the price of bitcoin reaches $100k. I wouldn't see a bad call from them and their attempts to buy and hold long term are still there so it's worth thinking about that rather than selling early. Of course they will determine their own fate, if you want to be rich then hold bitcoin but if the ability to hold is not in their body then there is no point in them targeting $100k. Every one can figure out or do whatever they like and as well face the consequences of their actions, everybody must not be doing what you are doing and most times experience happens to be the best teacher. I would like to say that it would be more proper for an investor to prioritize having a target of accumulating a sizeable worth of Bitcoin and how long to hold than targeting Bitcoin hitting a new ATH because having a good size of Bitcoin and how long you were able to HOLD is actually what will maximize the joy of seeing a new ATH and perhaps there is no guarantee of seeing the targeted ATH as per when expected. |
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If you follow up on the bitcoin price history very well after every halving, you will see that the price of bitcoin never pumps immediately after the halving; it took quite some time before the price always pumped from it to the next phase. During the 1st halving event, which took place in November 2012, around that time, the bitcoin price was around $12–$13 each, and it was from the next year that the pump happened, which took it to $1000 and above.
The same happens on the 2nd halving; it took bitcoin almost 12 months, if not up to before the pump happened on the market, and it has been so. We shouldn't expect the price to just pump immediately after halving; give Bitcoin some time. In most cases, we can even see a price dump, which is not something new, but after some time, maybe from 2025, that's when we should be expecting the price to achieve a new ATH. Until then, we all should be calm.
Bitcoin prices have proven to be unpredictable; we can still see them pump when we least expect them, but that will be an added bonus to us compared to when we are always checking the chart and hoping they pump the next day. Too much expectation on the Bitcoin price is what leads to disappointment.
I am eagerly waiting for Bitcoin price to hit $100k. I have only seen Bitcoin halving once and have very little knowledge of how the price will behave after the halving. But from everyone's opinion it is very clear to me that Bitcoin price is going to hit $100k very soon and after Bitcoin halving its value can increase by 2x to 3x or more. Given the current price of Bitcoin and its future value, should I consider investing in Bitcoin now? As I am very new to Bitcoin and have no experience with it. Presently my income is very less, after meeting the demand from the income, I can save a very small amount of money and with this money I am trying to cultivate the agricultural land so that I can earn money through production with little money. This money I pledged to invest in Bitcoin. It will take some more time before the crop becomes salable but I want to invest a little bit in Bitcoin before it crosses $65k. Now should I save some money from earnings and invest in Bitcoin? And how many days would it be good to do it? Your naratives are very much obvious to show that you are pretty new being knowledgeable about Bitcoin, it is a good thing that you here and you are going to learn a lot if only you can pay good attention and also by asking relevant questions where and when necessary. However, there is more to approaching investment in terms of peoples opinions, you must have your personal decision and conviction, Bitcoin is best performed when view on a long term perspective of about 4 to 10 years or more, it is very complex approaching Bitcoin as a tradable coin even to an experience ones let alone talking about a beginner. Bitcoin is not a quick and get rich scheme such that any one considering ever having Bitcoin must look beyond today's headlines, anytime you buy Bitcoin is good if only your intentions is to hold for longer period of time and before investmenting you must understand how much of discretional and disposable income you have after taken care of your needs and provisional emergency funds which will enable you not to sell too soon but to comfortablely be accumulating Bitcoin, with dca strategy you can afford buying Bitcoin with as little as you can irrespective of the price point either weekly or monthly on regular intervals to enable you have a sizeable worth of Bitcoin up to a reasonable amount. It pays nothing less than a few dollar profits chasing Bitcoin short term waves, it is best you accumulate Bitcoin and hold in order for your investment to experience the full potential Bitcoin holds. But any ways any one can do whatever they like. |
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When you say that, I only imagine one coin, namely Bitcoin, because so far everyone has seen that investing in Bitcoin in the long term is always more likely to win after the price of Bitcoin increases again and this has been proven in several market cycle. And I think investors who still like to invest in Bitcoin in all market conditions, of course they will not be so easy to let go of their investment and they will even prefer to wait for the price to increase again even though they have seen the price of the Bitcoin they invested in decrease.
Yes. They are already able to read it because all the cycles and patterns are already in their heads. This is the difference between beginners and advanced ones. is not a comparison, just an illustration where in fact, if we have a little asset in BTC, we will immediately sell and make it into an alternative coin, which is actually when we rotate instead of increasing the value of the previous asset, it increases its value and what happens is that it continues to fall, especially BTC increases the correction time downwards. This is retarding/dumb and Short sighted, first I will address the fact that there is no alternative coin to Bitcoin, Bitcoin is still the best coin and has no alternative because no other coins has proven to have the same functionality with Bitcoin rather Bitcoin performance is what determines the performance of other coins, and selling your Bitcoin investment to buy other coins is short sighted, failing and refusing to see the true potential and value Bitcoin has, Bitcoin has more guarantee and less risky when compared to other coins, I could say that you should pay more attention and learn more about Bitcoin and you can as come to this reputable thread where knowledge about Bitcoin are been shared extensively so you can learn more buy the dip and hodl |
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Since my new personal target has become to achieve 200 pushups a day, keeping with it has not really been easy but am glad that I have been ending up above 100 pushups a day which makes me feel differently compared to when i was targeting 100 pushups a day and I love the changes am seeing in my body now, I have increased my morning session to be in 10 sets of 10,10, in each set that is 10x10 which has been helpful for me to have been achieving up 100 pushups only in the morning sessions while i manage to Hit up to 50 in two sets 25,25, in the evening. Below is my newest record.
100k,Tmoonz,79,8077,2024-05-14.
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[edited out]
What I was trying to say is that, if you are working and you are been paid $1500 a month and you are investing $300 every week on Bitcoin you are investing aggressively because if you invest $300 every week you will be lift with $300 how then can you save your emergency, reserves and float funds remember this emergency, reserves and float funds those not just appear you save for it and you keep saving for it. To me it is still confusing, since in order to figure out if something is overly aggressive or not, we still need to start with figuring out what is our discretionary income, so you need to start by showing income as compared with expenses in order to show what is the discretionary income. So from my point of view you seem to be assuming too many things, and sure you might be correct in some of those assumptions. Another thing that I already mentioned is that if your emergency fund, reserves and float is already in place, then there would be no need to build them or have money for them because they are already there. However, if you are building them up, then surely they get built up from the discretionary income, so that takes away from how much discretionary income that you would have left for investing into bitcoin. Any prudent person would not decide how much to invest into bitcoin prior to knowing his discretionary income, even though you may well be implying that the amount selected is within discretionary income, while at the time trying to provide an example that is obviously over the top, but you should not get that extreme (or also unrealistic from my point of view), since like I already said you need to give some kind of numbers for expenses so that we know how much money we have, and if you are saying that the whole $1,500 is discretionary income because the expenses have already been taken care of, even that seems unrealistic even for a guy who might be living with his parents. Everyone has some levels of expenses. Another mistake that many of you are making is to presume that there are 4 weeks in a month, when the fact of the matter is that there is like 4.33 weeks in a month (remember 52 weeks in a year, not 48 weeks), so that makes a difference. From the dictionary Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services. I agree with you I should have written the discretionary income in the example I gave in other to make it more understanding to people. If after setting aside money for your expenses for that month and you have already established your emergency, reserves and float funds like you said I think you can use your Discretionary income to invest on Bitcoin and I think that way you are not over investing.Just as @JayjuanGee will usually say that you can only invest disposable and discretional income such that if you don't have your life expenses or needs covered up, then you may end up gambling with your investment by attenting to sell too soon or early, it is best you have your personal life needs and emergency funds sufficiently covered up, and by definition, you needed to have either income or side amount of savings that is greater than your expenses in order to be able to invest and if you do no have such access then you are gambling than investing.That is true as it is your discretional and disposable income after taken care of your personal needs and provisional emergency which are most important before investmenting in Bitcoin that gives you a good mindset of investing only the money that you are not going to make use of which will help in building a good psychology towards your investment in terms of investmenting not more than what you can afford to lose because you were able to satisfy your personal needs comfortably before considering Bitcoin investment and that will enable you have a good peace of mind needed to make an informed decisions that will accompany you in your accumulation process or journey. Although at the end we should come to a total of $40 but anything less won't give us a $40 however, when I'm finally back to $100 it might be a little bit hard to switch back to $20/week as I'm pretty much used to investing $10/week
A good pattern and I believe your source of income is not only salary, there is another and so it will be very easy to continue to make purchases continuously. I use DCA if indeed my salary results have shown normal conditions and the most I prioritize Buy BTC if my performance benefits are paid so that I also consider it as fresh funds that I can use up to 20% of the total. The important thing is that I have started with real calculations. I believe the doubling of the value of my investment in BTC in the future is not mere nonsense and will become a reality in the future.
I believe it.There is no guarantee as to that regards and it is good we build our psychology in that manner of considering both positive and negative outcomes of our investment, every business comes with it shares of gain and loss hence, building your psychology in terms of positive and negative outcomes of your investment and if possibly consider a worst case scenerio which may or may not happen. However, it is a good thing for the love and commitment majority of us have as regards to the potential Bitcoin holds but yet there is no guarantee or certainty of having the double of the value of our investment in btc in the future, but we might still need to have or consider what we believe to have possibilities as it gives us that mindset to focus more on what can be achieved rather than thinking about limitations. |
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The first and foremost goal of those of us who invest in Bitcoin is to hold our investment for a long period of time. We all have a tendency to buy bitcoins when we see that the price of bitcoins is high then we wait for bitcoins to be low. Maybe many people think this is the best time to buy Bitcoin. But you mentioned that you don't wait for the price of Bitcoin to fall because it can rise again. If you don't care about Bitcoin price going up and down then you should go for DCA.
If you start investing using the dollar cost averaging method, you don't have to worry about the price of bitcoins going down or up. You can buy bitcoins anytime and save them for investment. So set a fixed average price and hold accordingly by buying bitcoins.
It is true that the aim of investing in Bitcoin is to maintain it over a long period of time. This must also be taken into account, because I think not everyone can do this, especially by waiting for it over a long period of time. not everyone can have the patience to wait for a long period of time. I was once advised, when we invest in Bitcoin, don't pay attention to the price going down, go away and don't care about the price going down because he said one day the price will go up again. Also, I think many people think that the best time to buy Bitcoin is when the price goes down, maybe that makes sense, but for people who really understand Bitcoin, maybe it's not just when the Bitcoin price goes down that they will buy it. Apart from that, there are many things you have to pay attention to if you really want to buy Bitcoin, don't let yourself be impatient with doing it, it's possible that it will only make us experience something bad. Buying or making purchases of Bitcoin when the price goes down is not a bad idea as it gives you the opportunity of buying more Bitcoin with the same amount of money that can use to buy lesser quantity of Bitcoin at it previous high price, but when you completely wait for a drop in price before making purchases is what makes it bad and it is retarding to your investment, the waiting strategy of buying only when their is a price drop is more of a trading strategy with the aim of buying low and selling high or probably for an investor who has already gotten to the maintenance level in their accumulation process that may not need to be buying frequently as that of a low coiner but may decide to be buying Bitcoin only when their is price drop. A low coiner with the aim of accumulating Bitcoin and hold for a longer period of time of about possibly 4 to 10 years or more should have no business timing to make purchases only When there is price drop and it doesn't make sense at all, rather he or she should should be most concerned about maximizing every opportunities that shows it's self in the market in other to have a sizeable worth of Bitcoin up to a reasonable amount. With a consistent dca strategy you are already on time in the market without any forms of timing the market by making purchases on regular intervals irrespective of the price point either weekly or monthly with the amount that you can be comfortable with while making other preparations for buying when there is a price drops that may happen or not with your reserved funds after knowing how much of your discretional and disposable income left when your personal needs and provisional emergency funds has been taken care of. I know that your are very new to this wonderful thread where alots of knowledge is been shared when it comes to Bitcoin long term investment plan all you just need is to pay good attention and ask relevant questions when and where necessary and you will never regret participating in this thread and at this point I want to say you are welcome mate. |
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Week 27 Bitcoin payments has been processed. EMC token payment is been processed.Bitcoin Escrow Address:  👉 Ps: Post on Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread aren't eligible for payment.👉 Campaign is CFNP we don't have open slots.👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment. 👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response. Note: Users marked REMOVED, this is going to be your last week in the campaign and for others that don't sit up, you're next. Thanks you boss, for another successful week. Week 27 payment has been received and confirmed and it came surprisingly, indeed your efficiency is not indout and am glad to be participating in this honourable campaign. |
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However, regarding starting to invest in Bitcoin first or learning about it first, I still prefer to learn about it first. Because in my opinion, when Bitcoin investment only uses greed or reckless capital, sooner or later things about Bitcoin will be learned too. But the bad side is that sometimes learning will come when failure or mistakes occur. This is different from learning Bitcoin before, even though learning it takes longer, when you start investing it will definitely feel smoother. So I personally prefer to learn first, rather than jumping straight in.
One of the best way to go about it is to get the fucking started and learn more on your way up, getting as much as the basics knowledge which includes the ones that is being shared here that even worth recommending to any one to start up Bitcoin investment, one of the beauty of the dca strategy is that it gives an unexperienced person the privilege of being in the market and gain experience while already in the market, the dca has so much potentials the reason why It dominates the thread, it allows you to make purchases of Bitcoin with as little as comfortable with you can be by buy buying in fractions either weekly or monthly as your financial strength may permits you. Bitcoin is growing asset and learning about it will definitely becomes unlimited such that the learning process is a continues process and new things can as well be introduce in the market there were not there before, just like the ordnance, the ETFs approval and who knows what might come the next and Bitcoin can also be giving birth to new histories, waiting too long trying to learning first can be retarding and can lead to procrastination ever buying Bitcoin . The following factors are very basics considering for any one venturing in to Bitcoin investment as you learn more on your way up. 1. Source of income 2. Method of buying (lump sum or dca) 3 investment goals and objectives 4 provisional emergency funds With the listed factors above one can start investing and figure out other things while already in the market. |
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While Churchillvv has said all that on my mind here as I quote: I'm still a newbie and I'm getting a stash according to my capacity right now and I will love this speculation to emerge, I want it not just a speculation no more but reality.
Well for the 100 pushups per day, I will go into it fully because I'm still very young and I have always wanted some thing encouraging to boost my exercise but with this challenge I'm probably going to achieve both Bitcoin and a health body. And the ideal of breaking it down can help me achieve it, maybe I will be hitting 33 in the morning, 33 in the afternoon and 34 in the evening so I'm good to go.
But OgNasty, how will you know if one is completely doing the challenge here? I'm starting from tomorrow but how do you know I'm keeping up with your challenge. In addition I would want to know if it is late to bump Into this fun challenge because I really find it interesting and encouraging to reset my bitcoin investment goal to keep holding til I catches that $100K as I was think of selling it any moment.It would really serve lot of benefits including building the passion for fitness exercises like this or Push-ups. Obviously, the aim and objective of this thread has not been achieved which is seeing Bitcoin hitting 100k hence, the pushups challenge is open to any one that is willing to participate in it, yeah the challenge is meant to be a fun play to keep us fit and to show how much of our commitment and love we have for Bitcoin while watching Bitcoin hitting 100k. It is never late to join the pushups challenge and am saying that you are welcome to the pushups challenge. there are no special rules , only do as much as your body can carry in different sets and sessions with a minimum of 10 pushups a day to have an entery report in to the table with the format, 100k,username,totaldaysofpushups,totalnumbersofpushups,datesyy-mm-dd. Talking about selling your Bitcoin investment any time soon, I hope you have had up to a reasonable size of Bitcoin and have also held for long which are two major factors that puts you in having a substantial return which is better than chasing a few dollar profits, it is ok to sell part of investment at some point in our journey if necessary, but yeah any one can do whatever they like but the truth must be told that Bitcoin is not a tradable coin, but a coin that brings out it's best potentials when view on a long term perspective. |
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I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.
When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.
I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong
Only those that are traders will panic most, because a long term investor will only be taken advantage of the current market condition to stash up more of Bitcoin in to their bag as it gives them that golden opportunity of buying more Bitcoin at the same amount of money as at comparing buying a lesser amount of Bitcoin with that same amount of money at it's previous high price, it is better to accumulate Bitcoin for a long time purpose as it gives you the opportunity of having a compounded value of your Bitcoin investment over a period of time. |
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Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
I will start by saying that it is wrong approach or for thinking that a beginner should be playing with Bitcoin for a short wave, yeah any one can do whatever they like but the truth must be told that Bitcoin investment is best performed when view on a long term perspective. Bitcoin is not a tradable coin and it is not also a quick and get rich scheme that is what every beginners should know What you needed is a basic knowledge to start your accumulation process and learn more on your way up. When it comes to Bitcoin long term investment plan, the first best or right time would have been yesterday and the second best or right time is today and procrastinating of ever buying Bitcoin is what will make you not to have Bitcoin in your portfolio. The dca strategy gives you the opportunity of buying Bitcoin at regular intervals irrespective of the price point either weekly or monthly according to your financial situation, any time you Bitcoin is a right time if the plan is to hold for a longer period of time. Your investment plans can only be within the following factors 1. Your financial situation (source of income) 2. Your choice of method of buying (lump sum or dca) 3. Understand your risk tolerance level 4. Your investment goals and objectives 5. An emergency funds You have to invest from your discretional and disposable income you got from your other business, it is your other business that should be taking care of your Bitcoin investment The only assurance that you are ready is that you must have that self conviction that will be enough for you to know if Bitcoin is a good coin that is worthy of investing or not which will give you that opportunity of making an informed decisions in your accumulation journey or process. for more details you on this buy the dip and hodl which has gotten up 400 and something pages where lots of knowledge are being shared when comes to Bitcoin, the thread is worth recommending. All thanks @ JayjuanGee. |
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