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Author Topic: Buy the DIP, and HODL!  (Read 244409 times)
PremiumcryptoHub
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January 18, 2025, 06:00:59 PM
 #13461

this is what differentiate an intentional investor that is aware of what he is doing from someone that just believes that because he has put in some small amount of money into buying of bitcoin that he is entitled to being profitable in his investment. the extent of the profit you get from investing in bitcoin is dependents on major variables like.
1. the amount you invested: this determine the extent of profit you get from your bitcoin investment at every time there is a bull because if bitcoin moves from $100k to @200k at a certain point in time, there is going to be a huge difference between someone that has a bitcoin stack of $10k and another person that only has just accumulated a bitcoin that is worth only $500. while the first person makes a profit of $10k within same time frame, the second can only make a profit of $500k and the result is a function of how much each of them invested.
2. another is how long one invest: this only plays a small role and mostly, it only helps someone that is probably doing the DCA to have enough time that he can make use of in accumulating enough bitcoin. how long one stay invested doesn't guarantee profitability on its own, it is how well one make use of the time that matters more.
3. the third can be the price even though for someone that is investing with the DCA method, price does not matter more because you just set out a rule and ensure you follow it up to the latter.

in conclusion, a lot of variables are combined together to get the best out of one's investment but of them all, how much bitcoin you have accumulated places you at a position where a positive market reaction can affect you better than your counterpart that might have less amount of bitcoin in his portfolio.

A small investment won't make you a millionaire but  Having a lot of Bitcoin could mean more money if the price goes up, but it also means more money lost if it goes down.
For this you need to increase your investment. So you have to be patient, be strategic, buy bitcoins regularly. And opting for the dollar cost averaging method can be very effective for you to grow your investment. With this method you buy bitcoins for a fixed amount of money on a weekly or monthly basis and deposit it into an investment portfolio on a weekly or monthly basis. If you keep buying bitcoins regularly for 4-10 years with this method, your investment will be much bigger or your investment will grow.
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Investing is risky. Only invest what you can afford to lose that  just it
Of course there are risks involved in investing, but the risk in Bitcoin investment is low which is why many people have achieved success by investing in this Bitcoin. If you look closely at how much the price of Bitcoin has risen from 2009 to 2025, you might never think that investing in Bitcoin is too risky. The price of Bitcoin has increased steadily and will continue to increase in future.

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January 18, 2025, 06:58:26 PM
Merited by JayJuanGee (1), KiaKia (1), Abbatty (1)
 #13462

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.

I think we still get it wrong trying to compare investment and trading. These are two different things in the crypto system and everything starts from your intention and strategy. When you're holding a coin for a long period of time while anticipating its value to increase over time, it is simply regarded as investment being it a lump sum or through the DCA approach, an investment can last up two several months and years. When you're investing, your target is reliant on the market fundamentals which includes the coin's long-term potential growth and the market trend. But a trader takes even more risk and often relies on chart patterns, short-term price movements and swings as well as your ability to capitalize on daily market fluctuations. Here we discuss about investments and not trades because investments are generally more reliable and less exposure to daily volatility in the market. The risks and uncertainty involved in investment is nothing compared to large uncertainty in trading hence it's advantage over trading.

A small investment won't make you a millionaire but  Having a lot of Bitcoin could mean more money if the price goes up, but it also means more money lost if it goes down.
For this you need to increase your investment. So you have to be patient, be strategic, buy bitcoins regularly. And opting for the dollar cost averaging method can be very effective for you to grow your investment. With this method you buy bitcoins for a fixed amount of money on a weekly or monthly basis and deposit it into an investment portfolio on a weekly or monthly basis. If you keep buying bitcoins regularly for 4-10 years with this method, your investment will be much bigger or your investment will grow.
Quote
Investing is risky. Only invest what you can afford to lose that  just it
Of course there are risks involved in investing, but the risk in Bitcoin investment is low which is why many people have achieved success by investing in this Bitcoin. If you look closely at how much the price of Bitcoin has risen from 2009 to 2025, you might never think that investing in Bitcoin is too risky. The price of Bitcoin has increased steadily and will continue to increase in future.

How many times do we discuss the impact of patience in Bitcoin investments and how that is translated into profits in the long run. While research on a coin's growth over time is paramount, understanding the potential growth of the coin vis-a-vis a structured plan on the amount to invest and your ability to hold your coins for a long period of time is non-ignorable. Most successful investors of Bitcoin are people who spent a significant time of their lives investing in Bitcoin especially those who practiced the DCA approach effectively. The advantage this approach has over the lump sum is that it assists you in managing your investment funds, monitoring them and effectively mitigating the risks involved in the coin.

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promise444c5
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January 18, 2025, 08:24:18 PM
Last edit: January 18, 2025, 09:15:02 PM by promise444c5
Merited by JayJuanGee (1), Charles-Tim (1)
 #13463

Bare with me as I will be editing the quote from a mobile device

I doubt that any of the folks investing into bitcoin are talking about selling bitcoin as a way to accumulate bitcoin, as you seem to be implying to be a way to deal with our BTC stash and implying that profit taking is a short-to-medium term motive.

In other words, you seem to be saying some misleading kinds of things to be elevating profit taking ideas in the mixed of your implications of BTC portfolio management.

Well,maybe that’s how you view it but I was just trying to reply to this quote from muba20
“ The goal of every investor is to make profit, but if someone misses a big opportunity in the hope of a small profit, he will regret it later.”
Okay that’s the quote and this was what I meant..
So me replying “ For anyone starting out with Bitcoin investment what really matters is accumulating as much as possible before the next cycles , anything pertaining taking profit should be disregarded... “
is just relating the Statement from Muba20 as an investor starting out is investment journey but thinking about taking profit by selling his coins because he already made some little profit the short time he started his investment journey..and me addding “next cycles” doesn’t mean I’m saying an investor can start taking profit in just a single cyle or even two ( maybe I shouldn’t have added that anyways as most people  visiting the thred might just be starting out”
I added
“ investing in Bitcoin should be taken for long term so even after reaching a status of having enough stashed up already  to start taking profit, investor shouldn't just sell his whole holdings at once.”
Here what I’m simply trying to emphasize on is just trying to discourage every form of selling all holdings even when an investor has made enough to start taking profit ,from the quote of Muba20
“ but if someone misses a big opportunity in the hope of a small profit, he will regret it later.” — which is actually pointing to investor selling all their holdings for a little profit just as I’ve said earlier
 and just like I said maybe I shouldn’t have added it  Smiley, I was so lazy to qute it word for word because I’m on mobile then aswell.


The supply of Bitcoin keeps reducing over time and if everything is in place then the price should still go high due to scarcity( although other factors still majorly  influence the price) so selling all holdings at once will be dumb...for an investor to stay in the game while he takes profit , he just need to sell small fractions out of his holding as regarding to how big his accumulation has become over time .

I doubt that you are presenting this idea very well, especially since you seem to be suggesting that we should be trying to play BTC price waves with parts of our BTC stash, which is difficult to be suggesting to be practical for anyone with less than a whole cycle accumulating bitcoin absent some special circumstances, even with your own timeline, going by your registration date, you are ONLY about a year and a half into bitcoin, and so you are suggesting that you have reached some kind of an overaccumulation status in such a short period of time, and you are suggesting that other similarly situated guys might be in a similar place?  I have my doubts that even your plan is a good one, absent a lot of front loading of your investment into bitcoin, and even then, you are not even characterizing your own situation in such a way, but instead seeming to overly weigh the practicality and the ability of guys to be trying to play anticipated BTC price waves without making sure that they have clearly and unambiguously reached long term (rather than some temporary perception) of actual overaccumualtion.

Well here I had to include my post aswell…
Like I said maybe I shouldn’t have mentioned anything about taking profit but I already did anyways Tongue
So here I’m only insinuating about even when an investor has reached a stage of already having a lot stashed to start taking profit after a long term of accumulation ,from
My quote
Quote
investing in Bitcoin should be taken for long term so even after reaching a status of having enough stashed up already  to start taking profit, investor shouldn't just sell his whole holdings at once.
, not me , not even thinking of any form of taking profits soon I still have a long way to go in my accumulation journey.. I only started accumulating after joining the thread as a member then Smiley and the reason I’m always checking the thread from time to time



This doesn't stop buying but most investors at such stage will just buy dips if they wish to , could even be out of profit made since they will be buying cheaper..

Of course, you are recommending buy higher and sell back cheaper, which is also known as trading, even though you are proclaiming that you are investing.  Do you even understand what you are saying?  Yes.. you seem to be presuming that smart trading is a form of investing, and sure you are free to employ those kinds of tactics with part of your BTC holdings, yet your trying to suggest that everyone should be doing this is quite presumptive, especially since you seem to be just dreaming that you can figure out how to time your own attempts to fuck around with figuring out where the tops and bottoms are going to be....and during this time that you are fucking around with trading, you think that you will just continue to buy BTC at the same time, so why the fuck would you be just spinning your wheels by selling out of one hand and buying back with the other, and why not just stay focused on buying only rather than presuming that you are smarter than everyone else and you can figure out how to play various inevitable BTC price waves?
No I’m not recommending “sell high and buy cheap”…
I’m still on the point of investor accumulated enough already, I’m not there and I’ve not been there but I believe most of them will just utilize dips to buy more(maybe I’m wrong about it) and when I said “could even be out of their  profit “ I wasn’t directly saying they take profit to buy to buy more bitcoins but you know an investor at such stage  could take a small profit when they needed to (maybe) and then let’s say there was a dip there after …  this dosent necessarily mean they use their profit to buy all the time( what do i kno)
[off]
Hence, i might try to identify tops and bottom just because I’m interested in reading Bitcoin charts and to have something to always contribute and not that I’m trading or trying to trade it..


The moment an investor opt-out at once , it might be very hard to buy back and this is why selling holdings high to buy back low  strategy  is not a good strategy( it fails).. investor might end up buying higher again thus loosing some funds .

Now, you are recommending not selling any or taking profits, but the early part of your post seems to be suggesting to take profits with part of your BTC holdings, but now you are suggesting that you are being smarter because you are ONLY planning to be selling part of your BTC holdings and not all of your BTC holdings?  Your post is confusing and seems to be internally contradicting in terms of your seeming to talk out of both sides of your mouth on this topic of how you seem to be planning your playing of our anticipated upcoming BTC price waves in the coming year or two by selling part  of your BTC and not large parts of it, and you are suggesting that you are going to play the upcoming price wave in a smart way because you are not selling large parts of your BTC, just some of it.. which comes off as a wee bit ridiculous from my reading of your confusing and internally contradicting post.
You Misunderstood who I was directing the statement to right earlier from my post, the whole context was just revolving around someone who has already accumulated enough over a long period of time and someone who’s just starting out …
Although, my statement is a little be vague but all I mean was
“ The moment an investor opt-out at once , it might be very hard to buy back” — an investor who already accumulated enough BTC trying to take some profit but thinking about selling everything at once, if eventually he tries to buy back then it may be very hard unlike just taking small profit with your BTC holdings still intact.
Then relating it  to an investor trying to sell high and buy back low
“ this is why selling holdings high to buy back low  strategy  is not a good strategy( it fails).. investor might end up buying higher again thus loosing some funds .”— here I’m now generalizing it’s that it not a good strategy  either for an investor who’s has accumulated enough or someone who’s just starting his investment journey ..

This was all I was trying to point  out  but I’m open for corrections..




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Churchillvv
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January 18, 2025, 08:28:54 PM
 #13464

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession,
You have to be very specific with your words or be more clear when passing information as it might be misleading when consumed.

Life is too complex to be centered around bitcoin only, one can be financially free with bitcoin which is one of the reason Satoshi created it in the first place but bitcoin does not guarantee success life. bitcoin is safer investment than every other assets that it could be compared to because it guarantees return in a long term but perhaps it's very much inconvenient to say that the percentage of your bitcoin position will determine the your success in your life.

Quote
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.
Investment in bitcoin in my opinion does not only lay in its potentials of return but it also a fact that the bitcoin community believes in bitcoin for its original nature of being a currency with the real definition of money rather than just a tool for profit.

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January 18, 2025, 09:05:10 PM
 #13465

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession,
You have to be very specific with your words or be more clear when passing information as it might be misleading when consumed.

Life is too complex to be centered around bitcoin only, one can be financially free with bitcoin which is one of the reason Satoshi created it in the first place but bitcoin does not guarantee success life. bitcoin is safer investment than every other assets that it could be compared to because it guarantees return in a long term but perhaps it's very much inconvenient to say that the percentage of your bitcoin position will determine the your success in your life.

Quote
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.
Investment in bitcoin in my opinion does not only lay in its potentials of return but it also a fact that the bitcoin community believes in bitcoin for its original nature of being a currency with the real definition of money rather than just a tool for profit.
If it is better if our btc ownership has reached a stage of satisfaction then there will be a sense of joy because we have accumulated bitcoin for a long time with full concentration and full of obstacles. Overall of course we have our own views and I think some of them discuss it arrogantly and maybe it will raise speculation about what he has done.

However, I still believe that Bitcoin is a valuable asset and the amount of btc is certainly not a benchmark for achieving success in the future. forget that and focus on accumulation for now because I am sure many of us are just starting to invest in bitcoin and run planning with a strategy that is comfortable to do.

Of course people continue to look at the price and say they have reached satisfaction when in fact it is very wrong. The details on the price of course btc can rise to a price that we did not think of before so the focus at this time might be better shifted to the accumulation discussion which can provide many benefits about the right way to accumulate for the long term.
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January 18, 2025, 09:11:53 PM
 #13466

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession,
You have to be very specific with your words or be more clear when passing information as it might be misleading when consumed.

Life is too complex to be centered around bitcoin only, one can be financially free with bitcoin which is one of the reason Satoshi created it in the first place but bitcoin does not guarantee success life. bitcoin is safer investment than every other assets that it could be compared to because it guarantees return in a long term but perhaps it's very much inconvenient to say that the percentage of your bitcoin position will determine the your success in your life.

Quote
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.
Investment in bitcoin in my opinion does not only lay in its potentials of return but it also a fact that the bitcoin community believes in bitcoin for its original nature of being a currency with the real definition of money rather than just a tool for profit.


You are actually correct Bitcoin does not guarantee success in life reason because there are a lot of people out there that are doing absolutely well without any Bitcoin related activity or practice and some are even doing better than some folks that are into Bitcoin investment. However, I think you misunderstood what futurexx was saying I don't think he meant what you said rather what futurexx was saying is that, anyone who took this investment serious and accumulate enough Bitcoin, in the future when Bitcoin will skyrocket there profit will be measure or equivalent to what they have invested if not more that what they have invested.











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January 18, 2025, 09:29:18 PM
 #13467

Everyone feels good when BTC prices are at all time highs, so part  of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being  in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.
I totally agree with you because even with the right or best investment strategy, there maybe a time where your expectations may not be met and your portfolios are all on red, therefore having a long term perspective is simply the best approach towards achieving your goal with Bitcoin, as the market is unpredictable, and newcomers should be aware of this and get themselves prepared, so as to not make emotional decisions in regards to short-term market fluctuations.

Furthermore , going for a whole cycle or two would give the investors an insight about the market dynamics and further help them develop the patient which is required to navigate through, and especially in times of those market volatility.

 
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January 18, 2025, 09:49:21 PM
 #13468

In fact, the most important thing in Bitcoin investment is a clear long-term goal, patience, and knowledge of the real potential of Bitcoin. Many people invest in Bitcoin greedily in the hope of quick profits, but due to short-term volatility, they lose patience and panic and sell their holdings, as a result they into losses.
If you are not patient in the crypto space, then you won’t really be making any money, rather, you are going to be losing. Most people don’t really know what bitcoin is all about, and most newbies mindset is always to make quick money when they invest in bitcoin. Most of them do see it on social media that people are making money from bitcoin, and some do hear from people, and they will also jump into it without understanding the basics and how things run till they invest, and they notice that their money is dropping instead of increasing before they start regretting.

Most people that do panic when there is a slight drop in bitcoin price are newbies, since most of them don’t even believe they can lose money when they invest in bitcoin, so if they invest and they start losing, they will end up panicking and will end up selling to avoid more loss, and they will even sell at a loss. So the best thing is to understand what bitcoin is about before investing in it, and always have it in mind to hold for long term.

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January 18, 2025, 11:03:00 PM
Merited by JayJuanGee (1)
 #13469

In fact, the most important thing in Bitcoin investment is a clear long-term goal, patience, and knowledge of the real potential of Bitcoin. Many people invest in Bitcoin greedily in the hope of quick profits, but due to short-term volatility, they lose patience and panic and sell their holdings, as a result they into losses.
If you are not patient in the crypto space, then you won’t really be making any money, rather, you are going to be losing. Most people don’t really know what bitcoin is all about, and most newbies mindset is always to make quick money when they invest in bitcoin. Most of them do see it on social media that people are making money from bitcoin, and some do hear from people, and they will also jump into it without understanding the basics and how things run till they invest, and they notice that their money is dropping instead of increasing before they start regretting.

I would say let looks at the positive side of it, if you are a newbie then maybe making a lot of mistakes in the beginning, and we can say that it's understandable. But with that regrets, you could go on a different mindset reset again maybe this time from the mistakes that you made, trading and believing those social media influencer, you might want to have a different approach. And hopefully you will find DCA as the best method for you. And from then out, you will have a new learning curve, have a lot of patience, mental toughness to go weekly or monthly to put aside some money to invest on Bitcoin.

And then as you go along, you will really build from ground up and become a "true" investor by looking at the bigger picture. And if I may add, maybe you can look at this site,

(https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html.)

See for yourself where you are right now, and then strive to go to the next level, ultimately in the future having 1 BTC and be part of that 1 BTC club.  Grin

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January 18, 2025, 11:53:46 PM
 #13470

Of course level of profits may well be a factor, and surely most folks are going to prefer to be in profits, yet if someone might invest into something like bitcoin, it could well end up playing out that their holdings are not in profits for 4-10 years or maybe even longer, and so if we have a long term investment, we are calculating that it is more likely that we will be in profits rather than not being in profits, yet we are likely investing based on a kind of believe that our investment is inclined towards going up.. yet we could get drug through extended periods of negativity, and unless our investment thesis is broken we still may well not be selling, even if the total of our holdings is in the negative, and we may well continue to buy for long periods of time that our investment is in the negative, especially if we conclude that our reason for investing had not been broken... which sometimes can also be difficult to know since negative price performance can frequently shake people out of their commitment or their losing their conviction about the investment.. which also takes us back towards some needs to build conviction about our investment, even if we might not know a lot about the investment at the time we get started investing and we hopefully learn information and build our conviction with the passage of time, and if we are not sure about an investment, we may well need to make sure that we temper the amount of our investment into it until we are gaining more conviction about the investment then we likely can continue to increase the amount that we are investing into it.

People can become confused about their own level of conviction and why they invested into something, yet the view of the asset is ONLY one of the nine factors, and other factors to consider when investing into bitcoin would also need to be part of the formula for figuring how much to put into bitcoin based on various personal financial (cashflow) and psychological considerations.
You’re right, trusting your investment decisions and believing in bitcoin’s potential is crucial for successful investment so no matter what happens along the way selling should not be an option until your investment goal is achieved.
It’s just as you said, a person should channel in an amount that matches their conviction about the investment and the more they gain more conviction they can increase the amount they are investing. A person investing too much in something they have little believe in will make them doubt the success of it even though they are looking to be in profit. So we need to clarify our conviction while considering other factors before investing to ensure a confident decision.

I am not suggesting that conviction in bitcoin needs to be established prior to investing into bitcoin, yet throughout an investment, a person can establish a position size that is commensurate with his level of convictions and he can continue to invest into bitcoin  in order to ongoingly reinforce his conviction, and yeah, if the investment is not ongiong, persistent and consistent, then perhaps some folks might waffle in their level of conviction at various points in time, which surely is on them the extent to which they might need to study more into bitcoin, and surely if bitcoin continues to go up in value (price) yet they end up realizing that they were overly whimpy in their investment practices or that they sat around waiting and pondering over the matter more than ongoingly buying, then they ONLY have themselves to blame for whatever consequences might end up coming from their choices of inaction and/or uncertainty... ..

....and yeah, at the same time, there is nothing wrong with a guy moderating down his position size based on a certain level of skepticism that he has  in regards to bitcoin.  The guys who consistently invested in bitcoin, even in a whimpy way, for the last 10-ish years, did way better then those who sat around and ended up not doing anything in the direction of investing into bitcoin.

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.
Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.
Before I came to this forum, I could not make any plans with my assets. But when I learned about Bitcoin, firstly I was afraid to buy Bitcoin. Because what if I spend so much money and cannot make profit? Or if I lose my assets, etc., negative things would have stopped me from accumulating Bitcoin. But when I was watching the price of Bitcoin, it gradually started to go from high to higher. But sadly, if I had started accumulating Bitcoin at that time, my portfolio today could have been much healthier. But I have now converted the regret it into strength. Even though my holding is small, it is helping me to dream big dreams. DCA is the only way I can grow my Bitcoin holdings. The world's biggest holders are also doing DCA today. Such as Micro Strategy and El Salvador.

Exactly!!!!!   You can moderate the level of your DCA to your conviction level, and you can realize that you could have had invested more in the past, but you chose not to invest more in the past, so you are stuck with the consequences of your earlier actions, and sure you cannot turn back the clock, and you can ONLY figure out the level of your investment from  here on out, and there are always going to be trade offs when any of us had decided to invest in bitcoin and to lock away some of our money that we could have had spent on fun, consumption or even investing in other things, but instead we chose to invest into bitcoin... Trade offs for sure, and we have to live with whatever consequences come from our past allocation choices.  I really doubt that any of us are going to get our allocation completely perfect. 

We just need to do the best that we can with what we have, and even if we want to be aggressive, there are likely practical limitations in regards to how aggressive that we are able to be and to still satisfy various current needs and expenses and surely some of the current expenses are optional, but it may well be better to buy decent quality food today rather than to eat cheap garbage food that might negatively affect our health and/or energy, so there might be areas that we can sacrifice and buy bitcoin and  other areas that are not worth sacrificing.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life,
Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.
For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,
You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.
You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession, and this your last statement said it all, you can't just invest very little and be expecting a million dollar in the future, so in other to change your financial status forever, you need to understand that your stash of Bitcoin need to be huge, not $10 or $100 worth of Bitcoin.
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.

The guy who invested $100 per week over the past 8 years (two cycles) ended up investing right around $42k and was able to accumulate right in the ballpark of 5 BTC, so surely there have been examples in bitcoin in which persistence of investing has paid off quite handsomely.  Probably the investment size might need to be larger these days, yet guys can ONLY invest as aggressively as they are able to and within their own means. It is not always going to be clear in regards to whether the ongoing investing is going to end up paying off.

Personally, I believe that the guy who had been investing $100 per week for the past 8 years is in pretty good shape with his having had accumulated 5 BTC, and sure maybe he is not quite to fuck you status (since his -=https://bitcoindata.science/withdrawal-strategy?U2FsdGVkX18xT52iwBILyM01+h5gSmLK7tYiiauvtknzsNT7wcCNNWLXBw5QH5/Vcurrent 200-WMA valuation is around $216k and the BTC spot price valuation is right around $521k, but he can perhaps continue to build his BTC stash, and perhaps his income also could have had gone up in the last 8 years, and maybe there could have had been times that he could have increased his allocation into bitcoin, which would have changed his scenario, yet it also may well affect his decision regarding how or whether to continue to invest today in terms of considering what his BTC stack size goals might be.

If his goal might be to get to a point in which he could reasonably start to draw $6,666 per month, then if he chose to not invest any more, then he might get to that status in 4-ish years, just based on his having 5 BTC, yet maybe he wants to continue to stack and to build some cushion, and so maybe he might be able to increase his DCA and perhaps even get close to 6 BTC in the next 3-4 years, to the extent that he even needs to rush any of his DCA, it seems likely that valuation of his stack will continue to grow, especially if he is measuring it based on the 200-WMA..

For me I would like to say for now Bitcoin is the only stable coin that can give you good life,
Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.
For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,
You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.
You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession, and this your last statement said it all, you can't just invest very little and be expecting a million dollar in the future, so in other to change your financial status forever, you need to understand that your stash of Bitcoin need to be huge, not $10 or $100 worth of Bitcoin.
this is what differentiate an intentional investor that is aware of what he is doing from someone that just believes that because he has put in some small amount of money into buying of bitcoin that he is entitled to being profitable in his investment. the extent of the profit you get from investing in bitcoin is dependents on major variables like.
1. the amount you invested: this determine the extent of profit you get from your bitcoin investment at every time there is a bull because if bitcoin moves from $100k to @200k at a certain point in time, there is going to be a huge difference between someone that has a bitcoin stack of $10k and another person that only has just accumulated a bitcoin that is worth only $500. while the first person makes a profit of $10k within same time frame, the second can only make a profit of $500k and the result is a function of how much each of them invested.
2. another is how long one invest: this only plays a small role and mostly, it only helps someone that is probably doing the DCA to have enough time that he can make use of in accumulating enough bitcoin. how long one stay invested doesn't guarantee profitability on its own, it is how well one make use of the time that matters more.
3. the third can be the price even though for someone that is investing with the DCA method, price does not matter more because you just set out a rule and ensure you follow it up to the latter.

in conclusion, a lot of variables are combined together to get the best out of one's investment but of them all, how much bitcoin you have accumulated places you at a position where a positive market reaction can affect you better than your counterpart that might have less amount of bitcoin in his portfolio.

Yep.  Surely there can be two similarly situated persons, and some guys might choose to be more aggressive, and others might choose to be more whimpy.  I might be deviating a wee bit from the topic, but let me give it a shot.

Let's compare Michael Saylor/MSTR to something that a regular person might have chosen to do.. .. sure a regular person is not going to have as much leverage as MSTR/Saylor, but there are still ways that we can compare situations that regular folks might encounter.

Think about Saylor/MSTR, and remember about a year ago.. perhaps slightly longer than that.  Saylor/MSTR had about 200k BTC and they had an average cost per BTC of about $35k... so their total stash costs were about $7 billion... ..and so perhaps they could have had been happy with a average cost of $35k per BTC.

In recent times, they have gotten their BTC stash up to 450k BTC and their average cost per BTC is $62.7k per BTC, which is costs of $28.2 billion.  so right around 4x costs, but more than double the BTC stash.

The Saylor/MSTR numbers might seem a bit abstract because they are so large, so let's attempt to apply similar numbers to similarly situated individuals and if we might outline that one individual (Hypothetical 1) had a BTC stash of 20 BTC and an average cost of $35k per BTC ($700k in costs)..  yet a BTC value of $865k 200-WMA and spot value of $2.1 million.

Hypothetical 2 had a stash of 45 BTC and an average cost of $62.7k, which therefore costs of $2.82 million, so the value of this stash is  nearly $2million for its 200-WMA value and nearly $4.69 million for its spot price.

Surely the fundamentals of hypothetical 1 is in a better place than the fundamentals of hypothetical 2, especially based on the costs being lower and even that the costs per BTC are lower than the 200-WMA, yet I imagine that many of members of the forum would prefer to be in the position of hypothetical 2 rather than hypothetical 1, even if his finances are more stretched than the finances of hypothetical 1.  He has more than double the quantity of BTC, and he is still in profits, yet even hypothetical 2 might not feel liberated to really be cashing out any of his BTC if their costs are in the ballpark of 50% higher than the 200-WMA.. yet at the same time spot price is right around 140% higher than the 200-WMA, so spot price is still in the ballpark of 66% higher than costs per BTC.

Part of the personal question for either hypothetical 1 or 2 would be whether they believe that they have enough BTC, yet or not?  I personally believe that the costs of each of them is still quite high, but costs per BTC might not be as BIG of a question as their own considerations about whether they have enough BTC or not.

 If we believe that the comparison of the two is too abstract as compared with our own situation, then we could cut the size of their BTC stashes down by 1/2 or even by some other quantity if we want to figure out if there might be circumstances in which hypothetical 2 might have enough BTC, yet hypothetical 1 had not quite reached a sufficiently enough size of a BTC stash in accordance with his own standard of living expectations.

I personally consider that it is much more comfortable to have my costs per BTC below the 200-WMA, yet there still could be circumstances in which a person is still able to feel that he is sufficiently at his goals in order to not be deterred in regards to his actions to potentially start to sell BTC even prior to his costs being below the 200-WMA.  Also if the person considers that he has enough or more than enough BTC, then he still might consider entering into some kind of a sustainable withdrawal practice, yet the guy with the higher costs per BTC might want to make sure that he is not selling BTC at a loss or maybe he has to establish sell parameters for himself, since his profit cushion is not as great as hypothetical 1, who already has his costs per BTC right around 23% lower than the 200-WMA.   

I also consider that if there is still considerations about whether the BTC stack size is large enough, a person could still enter into some kind of an acceptable sustainable withdrawal practice at a more moderated rate (of withdrawal (perhaps 4% per year) so that the BTC stash value would likely continue to grow faster than the withdrawal rate, which I would still be looking at the growth of the 200-WMA in order to start to feel more comfortable when my own costs are lower than the 200-WMA.. yet surely none of us would be currently selling any BTC at the 200-WMA, especially since currently the BTC price is right around 141% higher than the 200-WMA.

[edited out]
Well ,Bitcoin's is not a stablecoin,it goes up and down a lot .the  Past success does not  mean future riches Big risks, big potential rewards, but also big potential losses , You are  right  more money  means more potential profit or loss. A small investment won't make you a millionaire but  Having a lot of Bitcoin could mean more money if the price goes up, but it also means more money lost if it goes down.Bitcoin doesn't guarantee a good life.  Investing is risky. Only invest what you can afford to lose that  just it

You are all over the place George Edward. It's like you hardly have a clue, and you are saying that bitcoin's price could go up or it could go down or it could go sideways and no one knows.

Well, if no one knows, then what are you going to do about your own reaction and your own position in light of the "no one knows" situation?  Don't you ave to figure out whether you are going to take a position and what that position is going to be?   If you have no clue, then you are going to end up in a place in which you likely have no clue how you got there, which may well be that you end up as a low coiner or a no coiner, and I doubt that would be a good place to end up, even if you are proclaiming that no one knows what bitcoin is going to do.

It seems that even if you believe that no one knows what bitcoin is going to do, there are some folks who are actually actively forming a view about bitcoin and accordingly taking some kind of a bitcoin position based on their view. .and their view is not likely all over the place.

Only you are responsible to both figure out what your view is going to be and whether your view is going to result in action or merely just throwing up your hands and proclaiming "who knows?"  I surely would not want to be in the "who knows?" camp, but maybe that's just me?

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.
Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.
Everyone feels good when BTC prices are at all time highs, so part  of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being  in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.
To invest in Bitcoin, you have to be strategic, that is, you have to adopt some strategies. The investor has to be patient and a long-term perspective is very important. And long-term investment can usually be done by waiting for a few cycles. Because the price of Bitcoin basically fluctuates in a big cycle. One cycle basically lasts for four years. Because halving occurs here every four years.

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.

I doubt that I am even wanting to get into the level of particulars as you, Scarlett_23 - especially since my main insinuation in my response to Odohu was to suggest that if he had not even been through a whole cycle, then he has ONLY been through bitcoin's up period.. .especially since we have largely just seen UP from late 2022 until present.. Sure, we had a bit of a pause in the UP between March 2024 and October 2024. but still there was no major correction during that period.. .. and sure we did not know if the BTC price was going to end up breaking up or down, but still the fact that it ended up breaking up just ends up resulting in our current period being erroring on the side of UP.. so it can be difficult to appreciate the feedback of a person having ONLY positive ideas about their investment experiences to date if the BTC price had mostly been going up the whole time.

Other aspects about how to deal with our BTC stash after getting through a whole cycle or even figuring out what our options might be may well also depend on how the person dealt with his first whole cycle, and surely a person who had been accumulating the whole time might be in a different position from someone who did not, yet even if we might consider that Odohu might be getting through his first whole cycle towards the beginning of 2027, we might need to see where he is at at that time (or at least I might be interested to hear from him about his assessment of his status at that point and perhaps how he might have had dealt with both the UPs and the DOWNs that might still be coming between now and then), and sure maybe some guys will be in a fairly solid place to reassess his situation and to change his previous approach, and other guys might consider that they have at least a whole half of a cycle before they might start to feel that they are getting into a financial and/or psychological position where it might be justified for them to change their approach.

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.
I think we still get it wrong trying to compare investment and trading. These are two different things in the crypto system and everything starts from your intention and strategy. When you're holding a coin for a long period of time while anticipating its value to increase over time, it is simply regarded as investment being it a lump sum or through the DCA approach, an investment can last up two several months and years. When you're investing, your target is reliant on the market fundamentals which includes the coin's long-term potential growth and the market trend. But a trader takes even more risk and often relies on chart patterns, short-term price movements and swings as well as your ability to capitalize on daily market fluctuations. Here we discuss about investments and not trades because investments are generally more reliable and less exposure to daily volatility in the market. The risks and uncertainty involved in investment is nothing compared to large uncertainty in trading hence it's advantage over trading.

Personally, I have a difficult time considering how a person might come into bitcoin with an intended investment timeline of less than 4 years and to be considered as a investor rather than a trader, even if he might be coming to bitcoin with perceptions of fundamentals.. Sure there could be some reasons that a person is not able to commit to at least 4 years due to health conditions and/or age, so it might be advisable for such person to not get into bitcoin, except to the extent that they might consider themselves to be potentially trading rather than investing.  Sure, I concede that I might be being a bit too strict on what is an investor, yet it seems to me that your level of liberally calling short term folks investors ends up causing an error of labelling traders as investors...even if those traders have all of the lovey dovey good intentions of an investor, from my way of thinking about bitcoin fundamentals, they are still a trader if they are coming in with a less than 4-year timeline.

By the way, I will also grant you that there could be some investors that come to bitcoin with a 4-10 year or longer timeline, but shit happens in life and they might have health circumstances that end up causing them to have to cut their investment short, so they end up selling out early, even if they had intended to be an investor, their cashing out may have caused them to end up being a trader by circumstances beyond their original intentions...nothing wrong with that.. since sometimes bad shit happens to good people.

A small investment won't make you a millionaire but  Having a lot of Bitcoin could mean more money if the price goes up, but it also means more money lost if it goes down.
For this you need to increase your investment. So you have to be patient, be strategic, buy bitcoins regularly. And opting for the dollar cost averaging method can be very effective for you to grow your investment. With this method you buy bitcoins for a fixed amount of money on a weekly or monthly basis and deposit it into an investment portfolio on a weekly or monthly basis. If you keep buying bitcoins regularly for 4-10 years with this method, your investment will be much bigger or your investment will grow.
Quote
Investing is risky. Only invest what you can afford to lose that  just it
Of course there are risks involved in investing, but the risk in Bitcoin investment is low which is why many people have achieved success by investing in this Bitcoin. If you look closely at how much the price of Bitcoin has risen from 2009 to 2025, you might never think that investing in Bitcoin is too risky. The price of Bitcoin has increased steadily and will continue to increase in future.
How many times do we discuss the impact of patience in Bitcoin investments and how that is translated into profits in the long run. While research on a coin's growth over time is paramount, understanding the potential growth of the coin vis-a-vis a structured plan on the amount to invest and your ability to hold your coins for a long period of time is non-ignorable. Most successful investors of Bitcoin are people who spent a significant time of their lives investing in Bitcoin especially those who practiced the DCA approach effectively. The advantage this approach has over the lump sum is that it assists you in managing your investment funds, monitoring them and effectively mitigating the risks involved in the coin.

Frequently lump sums are not really available as an option either..., yet even a person who had been investing into bitcoin for 4-10 years of longer, might end up having some circumstances during their investment period in which lump sum amounts come available to them.. so some kind of a bonus, or inheritance or some unforeseen fortuitous circumstances, and for example if a person had been investing around 50% of his discretionary income into bitcoin for more than 4 years, which resulted in right around $22k invested into bitcoin, and then all of a sudden, they received a gift (or ended up selling a property or a business or some joint ownership situation resulted in extra cash for them), and if the amount ended up being $20k, then they have a choice to double their investment into BTC on the spot or they choose to invest that money into bitcoin, yet they still could choose from two other options to DCA and/or to buy on the dip... 

The person does not have to choose any one and they could actually choose a combination of 1 or 2 of them or all three of them, and the receipt of the lump sum need not affect the ongoing regular DCA of $100 per week, yet receiving the lump sum gives options that were not previously available so they could consider altering their current DCA during the period that they are dealing with the lump sum, so the $100 per week would be an amount that is $2,600 per half year or $5,200 per year, so is also presumed to be potentially part of any formula consideration in regards to how a person might choose to deal with an extra lump sum that came in that was more or less the equivalency of their previous 4-years of DCA investing into BTC. Surely it is great when any of us get these kinds of lump sum options, since it frequently can allow us to review several aspects of what we are doing and to consider from a perspective of having increased options in regards to how to deal with having a bunch of extra cash suddenly available to us.

1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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January 19, 2025, 12:15:19 AM
 #13471

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession,
You have to be very specific with your words or be more clear when passing information as it might be misleading when consumed.

Life is too complex to be centered around bitcoin only, one can be financially free with bitcoin which is one of the reason Satoshi created it in the first place but bitcoin does not guarantee success life. bitcoin is safer investment than every other assets that it could be compared to because it guarantees return in a long term but perhaps it's very much inconvenient to say that the percentage of your bitcoin position will determine the your success in your life.

Quote
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.
Investment in bitcoin in my opinion does not only lay in its potentials of return but it also a fact that the bitcoin community believes in bitcoin for its original nature of being a currency with the real definition of money rather than just a tool for profit.
[....]
However, I still believe that Bitcoin is a valuable asset and the amount of btc is certainly not a benchmark for achieving success in the future. forget that and focus on accumulation for now because I am sure many of us are just starting to invest in bitcoin and run planning with a strategy that is comfortable to do.
Of course many of use here do not really know the value of bitcoin and perhaps it's find it very difficult to know bitcoin well enough including you !ginsan) I don't think the word believe should be appropriate for us when we talk of bitcoin as we already know it's worth and value so saying you believe means bitcoin is not truly a valuable asset.

IMHO, I think you should know by now that bitcoin is truly a valuable asset.

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January 19, 2025, 01:34:31 AM
 #13472

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.
Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.

Everyone feels good when BTC prices are at all time highs, so part  of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being  in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.


To invest in Bitcoin, you have to be strategic, that is, you have to adopt some strategies. The investor has to be patient and a long-term perspective is very important. And long-term investment can usually be done by waiting for a few cycles. Because the price of Bitcoin basically fluctuates in a big cycle. One cycle basically lasts for four years. Because halving occurs here every four years.

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.
Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.

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January 19, 2025, 04:54:27 AM
 #13473

Bare with me as I will be editing the quote from a mobile device
I doubt that any of the folks investing into bitcoin are talking about selling bitcoin as a way to accumulate bitcoin, as you seem to be implying to be a way to deal with our BTC stash and implying that profit taking is a short-to-medium term motive.

In other words, you seem to be saying some misleading kinds of things to be elevating profit taking ideas in the mixed of your implications of BTC portfolio management.
Well,maybe that’s how you view it but I was just trying to reply to this quote from muba20
“ The goal of every investor is to make profit, but if someone misses a big opportunity in the hope of a small profit, he will regret it later.”
Okay that’s the quote and this was what I meant..
So me replying “ For anyone starting out with Bitcoin investment what really matters is accumulating as much as possible before the next cycles , anything pertaining taking profit should be disregarded... “
is just relating the Statement from Muba20 as an investor starting out is investment journey but thinking about taking profit by selling his coins because he already made some little profit the short time he started his investment journey..and me addding “next cycles” doesn’t mean I’m saying an investor can start taking profit in just a single cyle or even two ( maybe I shouldn’t have added that anyways as most people  visiting the thred might just be starting out”
I added
“ investing in Bitcoin should be taken for long term so even after reaching a status of having enough stashed up already  to start taking profit, investor shouldn't just sell his whole holdings at once.”
Here what I’m simply trying to emphasize on is just trying to discourage every form of selling all holdings even when an investor has made enough to start taking profit ,from the quote of Muba20
“ but if someone misses a big opportunity in the hope of a small profit, he will regret it later.” — which is actually pointing to investor selling all their holdings for a little profit just as I’ve said earlier
 and just like I said maybe I shouldn’t have added it  Smiley, I was so lazy to qute it word for word because I’m on mobile then aswell.

Sure it is possible that any of us might misunderstand each other, so we might have to repeat or clarify, and sometimes the context can be misunderstood - especially since many times there can be a lot of nuance in regards to what might be preferred practices, and even the discretion that each of us has in terms of figuring out our own ways to balance what we might do or how we might deal with volatility in the bitcoin price.

For sure, there can be some guys who perceive their BTC holdings to be in profits early on, so yeah, they can sometimes have internal dilemmas in regards to what to do, and even  if they don't end up selling parts of their BTC stash on the way up, they might also slow down in their BTC accumulation and even lose some of their focus since BTC prices might have had gone up several times since they started their investments into BTC, so even in our most recent cycle, there could have had been some guys who started accumulating bitcoin towards the bottom of the BTC price in November 2022 and even accumulating for a whole year until the end of 2023 may well have had left them with decent amounts of their BTC stash with prices under $30k, so then now they are feeling parts of their stash to be in 3x profits, and even if they don't sell any BTC, they might end up slowing down in their accumulation of BTC, even though they might well not have even very close to the amount of BTC that they might need to get before they might start to consider that they have a decent enough stash size, so yeah, it can feel difficult to be continuing to accumulate BTC 3x higher than the prices of the earlier bought portions of the BTC stash.

The supply of Bitcoin keeps reducing over time and if everything is in place then the price should still go high due to scarcity( although other factors still majorly  influence the price) so selling all holdings at once will be dumb...for an investor to stay in the game while he takes profit , he just need to sell small fractions out of his holding as regarding to how big his accumulation has become over time .
I doubt that you are presenting this idea very well, especially since you seem to be suggesting that we should be trying to play BTC price waves with parts of our BTC stash, which is difficult to be suggesting to be practical for anyone with less than a whole cycle accumulating bitcoin absent some special circumstances, even with your own timeline, going by your registration date, you are ONLY about a year and a half into bitcoin, and so you are suggesting that you have reached some kind of an overaccumulation status in such a short period of time, and you are suggesting that other similarly situated guys might be in a similar place?  I have my doubts that even your plan is a good one, absent a lot of front loading of your investment into bitcoin, and even then, you are not even characterizing your own situation in such a way, but instead seeming to overly weigh the practicality and the ability of guys to be trying to play anticipated BTC price waves without making sure that they have clearly and unambiguously reached long term (rather than some temporary perception) of actual overaccumualtion.
Well here I had to include my post aswell…
Like I said maybe I shouldn’t have mentioned anything about taking profit but I already did anyways Tongue
So here I’m only insinuating about even when an investor has reached a stage of already having a lot stashed to start taking profit after a long term of accumulation ,from
My quote
Quote
investing in Bitcoin should be taken for long term so even after reaching a status of having enough stashed up already  to start taking profit, investor shouldn't just sell his whole holdings at once.
, not me , not even thinking of any form of taking profits soon I still have a long way to go in my accumulation journey.. I only started accumulating after joining the thread as a member then Smiley and the reason I’m always checking the thread from time to time

I am not saying that it is easy for guys to stay focused, and surely there can be some guys with more difficult situations in terms of their thinking that they might want to wait for dips rather than continuing to buy, even though it may well be better for them to just continue to buy.. or alternatively, some guys who had been buying $100 every week might decide to only buy $50 every week and to save the other $50 for buying dips, and none of us can really say which is the correct decision yet anyone holding back money to buy on dips may well need to at least understand that there are trade offs when those kinds of choices are made, and none of us can really know if holding back will end up helping or hurting in the whole scheme of things, including a need that many earlier staged guys likely have to stay focused on just continuing to buy.. ... but still their individual circumstances also might affect whether and if so how they might choose to divide their funds.  I am not saying any of this is easy...and even some newbies are cheering that the BTC price is going up, which also is strange to me, since it is surely going to end up costing newbies way more for their coins if they had not already accumulated a lot, and many of us realize that it can take much longer than a whole bitcoin cycle to really get to a point in which normie newbies are starting to feel that they have started to accumulate a decent amount of BTC.

This doesn't stop buying but most investors at such stage will just buy dips if they wish to , could even be out of profit made since they will be buying cheaper..
Of course, you are recommending buy higher and sell back cheaper, which is also known as trading, even though you are proclaiming that you are investing.  Do you even understand what you are saying?  Yes.. you seem to be presuming that smart trading is a form of investing, and sure you are free to employ those kinds of tactics with part of your BTC holdings, yet your trying to suggest that everyone should be doing this is quite presumptive, especially since you seem to be just dreaming that you can figure out how to time your own attempts to fuck around with figuring out where the tops and bottoms are going to be....and during this time that you are fucking around with trading, you think that you will just continue to buy BTC at the same time, so why the fuck would you be just spinning your wheels by selling out of one hand and buying back with the other, and why not just stay focused on buying only rather than presuming that you are smarter than everyone else and you can figure out how to play various inevitable BTC price waves?
No I’m not recommending “sell high and buy cheap”…

I was reading from what you wrote.

I’m still on the point of investor accumulated enough already, I’m not there and I’ve not been there but I believe most of them will just utilize dips to buy more(maybe I’m wrong about it)

Personally, I don't recommend that guys sell with intentions of buying back cheaper, even if they have reached an overaccumulation status.  Personally I tend to recommend that when guys decide how much BTC they are going to sell, then they make their decision of quantity based on an expectation that they won't be able to buy back cheaper (I think that even my discussion on buy back techniques is not selling with any intention to buy back cheaper, but there is a kind of taking advantage of price drops if they happen to occur, but not selling with  intentions of buying back cheaper)... so then that would motivate selling smaller amounts, but sure frequently the BTC price ends up dipping at some point, so the proceeds from the sales can end up being used to buy back, yet I am never suggesting that even experienced (or over-accumulated BTC holders to engage in a practice of selling in order to buy back cheaper).. yet surely guys can do what they like.. .. so if you are assuming guys who reached an overaccumulation status sell to buy back cheaper, then you are likely talking about the traders within that group, and it may or may not work out for guys who go down that trading and/or gambling path.

I doubt that it is even necessary to discuss trading in this thread or that there is any need for trading in order to accumulate bitcoin, whether a guy has or has not reached such overaccumulation status, and even if you have not reached such status, it seems a bit presumptuous to be suggesting that others who reach overaccumulation status are necessarily going to end up trading/gambling with the over accumulated portion of their BTC stash.

and when I said “could even be out of their  profit “ I wasn’t directly saying they take profit to buy to buy more bitcoins but you know an investor at such stage  could take a small profit when they needed to (maybe) and then let’s say there was a dip there after …  this dosent necessarily mean they use their profit to buy all the time( what do i kno)

Yeah.. you seem to be just guessing, and sure several times earlier, I had used the example of a guy who might consider 21 BTC to be enough, and if he has 35 BTC, then he would have 14 BTC extra.. So sure it is possible that he could sell some of those extra BTC with a hope of buying them back cheaper, or maybe he uses the extra to invest into something else.. He has flexibility with the extra BTC so it seems presumptive to speculate that he would want to sell some of them with an expectation of buying them back cheaper.. even if he might ONLY put  1 or 2 BTC in such category, but yeah, there are guys with different personalities and the fact that they have assessed that they have 14 extra BTC might  not even cause them any kind of urgent consideration that they need to make more money with them or that there is any urgent need to sell some of them, just because they have reached a status in which they assess themselves as having extra BTC.

[off] Hence, i might try to identify tops and bottom just because I’m interested in reading Bitcoin charts and to have something to always contribute and not that I’m trading or trying to trade it..

I think that many of us come up with some ideas about where we might consider tops and bottoms for any cycle (or even local bottoms and tops), and even some of my BTC management tools try to describe some ways to take advantage of tops and bottoms to the extent that there might be some desires to do so..

Within the description of my sustainable withdrawal tool, I wrote about advance withdrawal, and surely selling extra are optional kinds of considerations:
>>>>>>>>"Advanced Withdrawal (No. Months): This output is calculated based on if the BTC spot price is higher than the 200 WMA. Accordingly:

A. if the BTC spot price is between 33% and 66% above the 200-week moving average, then you will be authorized to withdraw for the current month + an additional month.
B. if the BTC spot price is between 66% and 100% above the 200-week moving average, then you will be authorized to withdraw for the current month + 3 additional months.
C. if the BTC spot price is between 100% and 200% above the 200-week moving average, then you will be authorized to withdraw for the current month + 5 additional months.
D. if the BTC spot price is between 200% and 400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 11 additional months.
E. if the BTC spot price is between 400% and 650% above the 200-week moving average, then you will be authorized to withdraw for the current month + 23 additional months.
F. if the BTC spot price is between 650% and 900% above the 200-week moving average, then you will be authorized to withdraw for the current month + 35 additional months.
G. if the BTC spot price is between 900% and 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 47 additional months.
H. if the BTC spot price is greater than 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 59 additional months.
"<<<<<<<<

The moment an investor opt-out at once , it might be very hard to buy back and this is why selling holdings high to buy back low  strategy  is not a good strategy( it fails).. investor might end up buying higher again thus loosing some funds .
Now, you are recommending not selling any or taking profits, but the early part of your post seems to be suggesting to take profits with part of your BTC holdings, but now you are suggesting that you are being smarter because you are ONLY planning to be selling part of your BTC holdings and not all of your BTC holdings?  Your post is confusing and seems to be internally contradicting in terms of your seeming to talk out of both sides of your mouth on this topic of how you seem to be planning your playing of our anticipated upcoming BTC price waves in the coming year or two by selling part  of your BTC and not large parts of it, and you are suggesting that you are going to play the upcoming price wave in a smart way because you are not selling large parts of your BTC, just some of it.. which comes off as a wee bit ridiculous from my reading of your confusing and internally contradicting post.
You Misunderstood who I was directing the statement to right earlier from my post, the whole context was just revolving around someone who has already accumulated enough over a long period of time and someone who’s just starting out …
Although, my statement is a little be vague but all I mean was
“ The moment an investor opt-out at once , it might be very hard to buy back” — an investor who already accumulated enough BTC trying to take some profit but thinking about selling everything at once, if eventually he tries to buy back then it may be very hard unlike just taking small profit with your BTC holdings still intact.

Maybe I find some difficulties with the ideas of taking profits, even though surely guys frame what they are doing as taking profits... but yeah the overall point of not assuming an ability to buy back seems to be something that might somewhat agree upon.  Perhaps?

Then relating it  to an investor trying to sell high and buy back low
“ this is why selling holdings high to buy back low  strategy  is not a good strategy( it fails).. investor might end up buying higher again thus loosing some funds .”— here I’m now generalizing it’s that it not a good strategy  either for an investor who’s has accumulated enough or someone who’s just starting his investment journey ..

This was all I was trying to point  out  but I’m open for corrections..

There is likely no need for us to quibble over discretionary deviations, and in the end, guys can do what they like in regards to how they might consider it to their advantage to start to sell portions of their BTC on the way up once they have assessed themselves to have had reached overaccumuation status.  We might not differ too much in what we are saying, so it could well be that some of what we are saying ends up being semantical rather than substantive arguments.

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession,
You have to be very specific with your words or be more clear when passing information as it might be misleading when consumed.

Life is too complex to be centered around bitcoin only, one can be financially free with bitcoin which is one of the reason Satoshi created it in the first place but bitcoin does not guarantee success life. bitcoin is safer investment than every other assets that it could be compared to because it guarantees return in a long term but perhaps it's very much inconvenient to say that the percentage of your bitcoin position will determine the your success in your life.
Quote
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.
Investment in bitcoin in my opinion does not only lay in its potentials of return but it also a fact that the bitcoin community believes in bitcoin for its original nature of being a currency with the real definition of money rather than just a tool for profit.

It can be difficult to describe why we might be in bitcoin, and why we might perceive bitcoin to be a place to put our value since it seems to have some decently good odds of outperforming all other assets (and is widely available to everyone in the whole world, without needs of being an insider or an accredited investor or some other person who gets access to the good deals first).  We are likely best off to  continue to acknowledge that profits in bitcoin are not guaranteed, and we have to make sure that we invest in a way to acknowledge that profits are not guaranteed, while at the same time, many of us likely realize that bitcoin has decently good potential to provide returns that we are not going to be able to get anywhere else.. ..

and there is also some advantage that regular people are able to front run a lot of governments, financial institutions and other rich players who usually are able to get the deals first.. so since individuals are more flexible, there are possibilities for little guys to get into bitcoin before a lot of the traditionally advantaged players who usually get in first and then after they are in, then they can dump on the normal little guy.  This time around many little guys are getting in first.. . and now bigger players are coming into bitcoin in order to pump our bags (even though they don't want to and they are kicking and screaming the whole time, but they don't have a choice since a lot of little guys were here first.  Kind of funny in some sense.

Many of us still have to figure out how to continue to accumulate BTC and some others have to figure out how to NOT be selling too many of our BTC too soon...also don't get reckt out of your BTC either.. and try to hold at least 90% in self-custody rather than with third parties who might lock you out of your BTC.

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.
Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.
Everyone feels good when BTC prices are at all time highs, so part  of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being  in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.
To invest in Bitcoin, you have to be strategic, that is, you have to adopt some strategies. The investor has to be patient and a long-term perspective is very important. And long-term investment can usually be done by waiting for a few cycles. Because the price of Bitcoin basically fluctuates in a big cycle. One cycle basically lasts for four years. Because halving occurs here every four years.

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.
Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.

Of course, many folks end up selling way too much of their BTC stash too soon, yet there are a lot of scenarios in which we might imagine someone buying way more than 5 BTC in 2011.. and even if the guy bought 1,000 BTC at $5 each in the beginning of 2012, there could still be strategic amounts of selling of the BTC stash every single year, even 10% of the holdings sold every year, and still end up with 271 BTC today..so the person would still be in quite good shape, even if he had sold 10% of his stash every year.

There is nothing wrong with selling BTC every year, especially once we have a decent-sized BTC stash, and surely in 2012, 1000 BTC with only a $5k investment might not have seemed like enough in order to start selling, yet by the beginning of 2013 or even the end of 2013, there might have been more reason to feel like shaving off 10% of the investment, and perhaps the guys who got into trouble seem to be the ones who sold too many too soon.. and so they might not have been able to limit themselves to selling only 10% per year... and even 10 % per year does not seem to be too much too soon, yet any of us who might be concerned about selling 10% per year, then we could likely sell 4% to 6% per year and then see how that goes in order to preserve more of the BTC stash and then see if you might want to up the sale amounts later down the road.

1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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January 19, 2025, 06:43:45 AM
 #13474

Of course many of use here do not really know the value of bitcoin and perhaps it's find it very difficult to know bitcoin well enough including you !ginsan) I don't think the word believe should be appropriate for us when we talk of bitcoin as we already know it's worth and value so saying you believe means bitcoin is not truly a valuable asset.

IMHO, I think you should know by now that bitcoin is truly a valuable asset.

A new investor believes that when he wants to invest in Bitcoin, he believes that he has invested in Bitcoin based on the information he has learned about it. I never consider myself an expert because I have been investing in Bitcoin since mid-2022 and until now I have been investing more on the Bitcoin I have accumulated, because I believe that the knowledge I have gained is enough for me. And I will be accumulating more Bitcoin in the future, but I do not think it is safe to give a screenshot of the wallet, which is why I kept it secret.
 A person is able to invest in Bitcoin only when he has the ability to trust and take risks, because the sooner he invests in Bitcoin, the more suitable it is for him. The value of Bitcoin is increasing as time goes by, that is why the DCA method is suitable for all people, from ordinary holders to high holders.

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January 19, 2025, 07:09:11 AM
 #13475

Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.
Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.
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January 19, 2025, 08:49:39 AM
 #13476

Of course many of use here do not really know the value of bitcoin and perhaps it's find it very difficult to know bitcoin well enough including you !ginsan) I don't think the word believe should be appropriate for us when we talk of bitcoin as we already know it's worth and value so saying you believe means bitcoin is not truly a valuable asset.

IMHO, I think you should know by now that bitcoin is truly a valuable asset.

A new investor believes that when he wants to invest in Bitcoin, he believes that he has invested in Bitcoin based on the information he has learned about it. I never consider myself an expert because I have been investing in Bitcoin since mid-2022 and until now I have been investing more on the Bitcoin I have accumulated, because I believe that the knowledge I have gained is enough for me. And I will be accumulating more Bitcoin in the future, but I do not think it is safe to give a screenshot of the wallet, which is why I kept it secret.
 A person is able to invest in Bitcoin only when he has the ability to trust and take risks, because the sooner he invests in Bitcoin, the more suitable it is for him. The value of Bitcoin is increasing as time goes by, that is why the DCA method is suitable for all people, from ordinary holders to high holders.

Going by people's reason for investing in bitcoin, one can not expect everyone to be the same. The only goal which is common to many is buying the Dip and hodl. To me, the expected gain is no longer much of my drive because based on the way it is going, bitcoin future is definite and will be better. Accumulating my digital wallet balance is even a more driving force for me. It feels good remembering that your wealth is secured and invested. So so long as you're investing with your discretionary income, you won't have much need that will lead you into selling it meaning you will Hodl for a long time which is the goal.

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January 19, 2025, 09:34:22 AM
Merited by Anayochukwu (2), JayJuanGee (1)
 #13477


Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,
You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.
You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession, and this your last statement said it all, you can't just invest very little and be expecting a million dollar in the future, so in other to change your financial status forever, you need to understand that your stash of Bitcoin need to be huge, not $10 or $100 worth of Bitcoin.
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.
Let's not discourage anyone from investing in bitcoin simply because they have little money to invest and not investing big money. Besides as they are investing little that's how their experience and knowledge will be increasing. Not many newbies have this confidence of investing huge amount at their initial stage of investment. But as they invest their $10 or more gradually, they will begin to realise that you only get as much as you have invested. And they will be convinced to invest more as their disposable income increases.

Even though we ain't guaranteed success in bitcoin by anyone, but we believe that there is going to be more of upward trends and price surging higher in the future, than downward trends. Hence the reason why we are still investing and holding our bitcoin for many years, with long term mentality. If we don't have this conviction and believe we wouldn't have been investing and increasing our portfolio. But since we have this believe and conviction that bitcoin will do better in terms of higher prices in the future and we are still investing and holding, don't you think that this can serve as a form of guarantee for us the investor?
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January 19, 2025, 09:43:03 AM
Last edit: January 19, 2025, 10:02:06 AM by Soft Crem
Merited by fillippone (1)
 #13478

Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.
Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

Your argument is completely different because when the price of Bitcoin starts to fall, investors buy dip into Bitcoin. Look at yours and see that those who bought the Bitcoin deep in 2022 have benefited the most, their investments have reached the peak of their success today.

 I think those who are ultimate holders in Bitcoin are never afraid to take risks, because Bitcoin holding is best for the long term. Those who are short-term holders will basically always face risks, but long-term holding is the most tolerant, it is the most reliable.
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January 19, 2025, 09:57:18 AM
Merited by fillippone (1)
 #13479

There are people, probably those people don't HODL Bitcoin or don't HODL much of it, that are always questioning the narrative that nation-states would soon be HODLing Bitcoin in their reserves. They post that it could not be legal for them to hold it.

OK, those people are right. But what if someone told you that they would be investing in Bitcoin through an ETF issued in their region? Those nation-states would probably start selling foreign currency government bonds to buy Bitcoin, no?

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January 19, 2025, 12:23:52 PM
 #13480

Going by people's reason for investing in bitcoin, one can not expect everyone to be the same. The only goal which is common to many is buying the Dip and hodl. To me, the expected gain is no longer much of my drive because based on the way it is going, bitcoin future is definite and will be better.
i can bet what you call many are the ones that are either new investors, traders or people that are just in for the quick profit hence the reason why they will want to look for the best price to come in and opt out once they have made the slightest profit.

buying the DIP is not always the best approach for investors and because of that, a lot of serious investors don't consider it a method they should be working with. looking at the market condition at the moment or for some months back, if you were waiting for the DIP, do you know how long you will have to wait before getting to a comfortable point you would prefer to buy and likely, that point might never come again. to avoid this endless waiting period and issues that comes attempting to buy only the DIP, the DCA is now a better alternative that helps one buy his bitcoin and stay invested for the long term.
Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.
Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

Your argument is completely different because when the price of Bitcoin starts to fall, investors buy dip into Bitcoin. Look at yours and see that those who bought the Bitcoin deep in 2022 have benefited the most, their investments have reached the peak of their success today.
even though people naturally like to invest at the time the market is at a DIP, the sentiment he shares is not one that completely strange because during the DIP, a lot of proper procrastinate and don't feel comfortable investing because they feel that the market will continue to go down. those are not real investors but are only procrastinators that can never enjoy the dividend of bitcoin investment because they are just after an ideal investment situation that might never come in the end.

procrastinators will always find a reason to give excuses at the DIP, bull and at every market condition and that only serves to stagnate their portfolio. if you want to get the best out of your investment, it is expected that you become as intentional as possible and think more of a positive in the midst of all the market condition you will experience both as an early and an old-time investor.

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