Buy the DIP, and HODL!

[Ricardo11]

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.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.

In fact, those who understand Bitcoin and know the real potential of Bitcoin, they continue to hold Bitcoin continuously. Consistency and a long-term attitude are very important for investing in Bitcoin, because Bitcoin is a long-term asset, the possibility of losing money from short-term Bitcoin investment is high, but the possibility of profiting from long-term holding is very high.
Those who understand the real potential of Bitcoin, and invest regularly in the DCA method, are not affected by the short-term volatility of the market. Because they know very well that Bitcoin will always have short-term fluctuations, but long-term holding is where the real success of Bitcoin is achieved, and if an investor continues DCA regularly for the next 2 to 3 cycles, he will definitely be able to achieve success.

[passwordnow]

That means that volatility is a good thing for risk takers like us. We've seen the opportunity from within and by the time that we've seen it going to get bigger and we've invested some of our funds that we afford to us, we did the right thing. As for me, I've sold some before we've seen these highs and I am still thinking about that mistake but I cannot dwell in that have to learn from that mistake and it's best to hold for as long as we can. And if we cannot hold for any longer, we have to control ourselves or if we decide to release some in the market and let the other holders get it, we need to be decisive.

Yep.. a lot of dumbies sold some or all of their BTC around $100k, and expect to buy back cheaper, such as below $85k or even lower like $69k-ish..  .Sure anything can happen,  yet I doubt that they will end up being able to achieve what they thought in their attempts to play their expectations of BTC price waves.

Of course, since you have a forum registration date of March 2016, you might be more at liberty to shave off some of your BTC, yet you seem to be already suggesting that you sold in anticipation of buying back cheaper, which causes me to speculate that you have not yet reached a status of overaccumulation...so anyhow, I frequently repeat my own mantra that BTC accumulation is done by ongoing, persistent, consistent and perhaps even aggressive buying of BTC, and selling BTC should not be part of any non-gambling BTC accumulation strategy.

Otherwise you shared some decently good ideas in your post, and you also seemed to have had admitted that you were gambling when you sold some of your BTC.. so at least you admitted that wrong (dumb, greedy) part.. hahahahahahaha

Those words striked directly to me because out of needs, I have to sell some of my stash even before it hit $100k but that's fine, lessons are learned the expensive way. So, those that have sold at $100k were even better than me. But that's a mistake that I've learned for how many years until now. I cannot say if I am in overaccumulation or not but one thing for me is I'll never stop to accumulate and I'll continue to do it to at least get some quantities that I've sold too early. With this expensive lesson that I have learned, I am sure that there will be people that will have their fair share.

[JayJuanGee]

That means that volatility is a good thing for risk takers like us. We've seen the opportunity from within and by the time that we've seen it going to get bigger and we've invested some of our funds that we afford to us, we did the right thing. As for me, I've sold some before we've seen these highs and I am still thinking about that mistake but I cannot dwell in that have to learn from that mistake and it's best to hold for as long as we can. And if we cannot hold for any longer, we have to control ourselves or if we decide to release some in the market and let the other holders get it, we need to be decisive.

Yep.. a lot of dumbies sold some or all of their BTC around $100k, and expect to buy back cheaper, such as below $85k or even lower like $69k-ish..  .Sure anything can happen,  yet I doubt that they will end up being able to achieve what they thought in their attempts to play their expectations of BTC price waves.

Of course, since you have a forum registration date of March 2016, you might be more at liberty to shave off some of your BTC, yet you seem to be already suggesting that you sold in anticipation of buying back cheaper, which causes me to speculate that you have not yet reached a status of overaccumulation...so anyhow, I frequently repeat my own mantra that BTC accumulation is done by ongoing, persistent, consistent and perhaps even aggressive buying of BTC, and selling BTC should not be part of any non-gambling BTC accumulation strategy.

Otherwise you shared some decently good ideas in your post, and you also seemed to have had admitted that you were gambling when you sold some of your BTC.. so at least you admitted that wrong (dumb, greedy) part.. hahahahahahaha

Those words striked directly to me because out of needs, I have to sell some of my stash even before it hit $100k but that's fine, lessons are learned the expensive way. So, those that have sold at $100k were even better than me. But that's a mistake that I've learned for how many years until now. I cannot say if I am in overaccumulation or not but one thing for me is I'll never stop to accumulate and I'll continue to do it to at least get some quantities that I've sold too early. With this expensive lesson that I have learned, I am sure that there will be people that will have their fair share.

I doubt that you could be in a state of overaccumulation without knowing it, yet surely it can be difficult to figure out ways of dealing with our BTC accumulation process and to figure out ways that we would not end up selling BTC when we are still in the process of accumulating it.. but yeah, people will frequently get mixed up between investing and trading and even wrongly start to presume that they are going to be able to sell and then buy back cheaper, which many times just ends up screwing up their BTC accumulation focus.. so some folks might have had been able to focus on accumulating BTC and to reach their BTC accumulation goal, but they think that they are going to short-cut the process, and they end up with either fewer BTC or having to throw way more dollars into bitcoin in order to get back to where they were prior to their selling.

No one can really tell anyone else how to deal with their BTC accumulation strategies and approaches, even though there are some better practices that attempt to stay focused, yet at the same time, there are also needs to attempt to tailor whatever you are doing to your own circumstance, and for example to hold back some cash  so that you have reserve funds when you have unexpected expenses coming up or sometimes guys make mistakes of being overly aggressive in their BTC accumulation, and then they realize they need some of that money for their expenses since they had miscalculated some of their cashflow into the future, and so having back up funds can frequently help in managing some of the mistakes that any of us might end up making at various points in our bitcoin accumulation journey. 

Some guys also get tempted into trading/gambling, it is not easy to suggest that guys stop with what they want to do, yet some guys are able to place limits on themselves (such as no more than 10% of the BTC stash for gambling, trading and/or shitcoins, yet at the same time, gamblers frequently have problems sticking with any of their self-imposed limits since it can become overly tempting to jump into some shitcoin that seems like "an opportunity of a life time" and blah blah blah.. they end up fucking up their own self-imposed limits. Hopefully you are able to figure out some kinds of a reasonable balance for yourself so that you are ultimately not ending up in a position of getting distracted out of what should be a focus on BTC accumulation until you are able to figure out what your target level is or should be and I am not even saying it is easy to figure out targets based on your own figuring out the details of your individual factors, which are also likely somewhat of a moving target, too.

[Olatundespo]

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.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.

As an investor when you start depositing Bitcoin you will automatically understand how to consider the next step and try to accumulation process more. Having consistency in accumulation to reach a reliable position. Uncertain investments like shitcoins are considered a way to lose capital for you. Honestly I have been in the crypto investment age for a few months and in the meantime I have not yet seen a reliable investment medium compared to Bitcoin considering the market situation and this is certainly not a bias. It has been considered based on the criteria of a little research on the value of Bitcoin with experience from reality.

You should refrain from making yourself unstable with the stable situation of Bitcoin. You may be trying to match Bitcoin with a volatile asset but I think that the characteristic of Bitcoin is that there will be rapid fluctuations in its price and with this try to keep yourself stable as an investor and make a habit of accumulation at regular intervals.

With a steady supply of discretionary money, you can accumulate Bitcoin over multiple cycles/years rather than being limited to one or two cycles to build a decent holding in the future. Focus more on holding Bitcoin than making a profit.

[MusaPk]

Fear is too ways. It can make you be nervous on where you put your money and proper step of losing your investment but to see it growing. At the same time fear can make you not take the bold step of investing aggressively into bitcoin when you have the money. However, a new investor that don't have confidence in bitcoin, can start by investing with little amount buying every week or month consistently and persistently.

In the second year when he has start to understand bitcoin investment, he can increase his DCA amount due to confidence that he has gotten in the market, because I believe that you confidence i bitcoin will increase based on the passage of time. This is why any investor that has invested in bitcoin for one complete circle will have more confidence to invest aggressively in bitcoin than a new investor. The more experience that you have in the market, the stronger your confidence in bitcoin's future and the less your fear to buy more and hodli for long.

Everyone of us is new to Bitcoin at some point and those who successfully overcome there fears and doubts about Bitcoin are now called experienced  Bitcoiners. Fear is biggest hindrance in achieving your goals and we can't get our destiny without overcoming our fears.

This is a great idea for new comers to overcome there fears and doubts about Bitcoin by starting with small money. The key to success with Bitcoin is consistency because you may not start seeing good results in initial weeks or months of investing in Bitcoin. But if one is committed to keep investing for long time then he is deemed to success.

One more thing I like to add is that during our course of investment we see distractions like we have these days in the form of 'Trump Coin'. Such distractions are tempting but they are short lived and are useless in the long run. For investment, Bitcoin will be our sole target for accumulation and one must not deviate from it.

[Su-asa]

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.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.

Someone who's really interested in Bitcoin investment must not understand how Bitcoin investment is before they start their investment journey. IMO, the first step to invest on Bitcoin is to know the safest wallet to store your Bitcoin for the long-run and also know how much to use for your Bitcoin investment journey before all this you also need to have a long term perspective.
A Bitcoin newbie should use DCA method for investing on Bitcoin because gradually investing gradually learning about Bitcoin investment. Like a student, we don't know any but when we attend classes and reading books we can know what we don't. Just trying to say that a Bitcoin investor can not know about Bitcoin investment unless he's making practice while he invest.

[Barikui1]

Fear is too ways. It can make you be nervous on where you put your money and proper step of losing your investment but to see it growing. At the same time fear can make you not take the bold step of investing aggressively into bitcoin when you have the money. However, a new investor that don't have confidence in bitcoin, can start by investing with little amount buying every week or month consistently and persistently.

In the second year when he has start to understand bitcoin investment, he can increase his DCA amount due to confidence that he has gotten in the market, because I believe that you confidence i bitcoin will increase based on the passage of time. This is why any investor that has invested in bitcoin for one complete circle will have more confidence to invest aggressively in bitcoin than a new investor. The more experience that you have in the market, the stronger your confidence in bitcoin's future and the less your fear to buy more and hodli for long.

One more thing I like to add is that during our course of investment we see distractions like we have these days in the form of 'Trump Coin'. Such distractions are tempting but they are short lived and are useless in the long run. For investment, Bitcoin will be our sole target for accumulation and one must not deviate from it.

No reasonable Bitcoin investor or someone that truly believe in Bitcoin will be distracted by this trump coin that was newly launched,  it is obviously a rug pull game waiting to happen, and it's going to manifest in no distance time, it is just a matter of time, because with all the hype's surrounding it, president trump wouldn't even step down before the coin will start crashing down, so it would be very stupid for any Bitcoineer to even consider investing in it, with all the knowledge he or she has attained in this forum.
So in my opinion, the best way to overcome such distractions is not even entertaining such news on the progress trump's coin or any other coin has grown so far, because it's just a  disaster waiting to happen, if you falls for the hype.

[bitzizzix]

Fear is too ways. It can make you be nervous on where you put your money and proper step of losing your investment but to see it growing. At the same time fear can make you not take the bold step of investing aggressively into bitcoin when you have the money. However, a new investor that don't have confidence in bitcoin, can start by investing with little amount buying every week or month consistently and persistently.

In the second year when he has start to understand bitcoin investment, he can increase his DCA amount due to confidence that he has gotten in the market, because I believe that you confidence i bitcoin will increase based on the passage of time. This is why any investor that has invested in bitcoin for one complete circle will have more confidence to invest aggressively in bitcoin than a new investor. The more experience that you have in the market, the stronger your confidence in bitcoin's future and the less your fear to buy more and hodli for long.

Everyone of us is new to Bitcoin at some point and those who successfully overcome there fears and doubts about Bitcoin are now called experienced  Bitcoiners. Fear is biggest hindrance in achieving your goals and we can't get our destiny without overcoming our fears.

This is a great idea for new comers to overcome there fears and doubts about Bitcoin by starting with small money. The key to success with Bitcoin is consistency because you may not start seeing good results in initial weeks or months of investing in Bitcoin. But if one is committed to keep investing for long time then he is deemed to success.

One more thing I like to add is that during our course of investment we see distractions like we have these days in the form of 'Trump Coin'. Such distractions are tempting but they are short lived and are useless in the long run. For investment, Bitcoin will be our sole target for accumulation and one must not deviate from it.

Fear or doubt will be defeated if they really realize and study everything well, especially knowing the Bitcoin trail from the beginning until now and beyond, fear and doubt will disappear and turn into a strong belief because only belief makes them steadfast no matter what happens because their goal is only one, namely the long term without an unspecified time limit until they get very big profits in the long term. And by having strong beliefs, of course they will be consistent in doing so and the profits seen on the way will motivate them to continue collecting Bitcoin until they are satisfied to get much bigger profits in the future.

Trump and Melania coins are currently a hype that I think will not last long and is also very risky, we should not discuss it here because here we only recommend Bitcoin which is proven and really provides very perfect benefits and security and is not even risky as long as we treat it for the long term.

[Jewan420]

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.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.

Yes, there are some Bitcoiners who do not understand the difference between investment and trading/gambling or they cannot or do not want to differentiate between the two. That is why knowledge is important in Bitcoin investment. We must learn to invest in the right way, how to invest to be successful in investment? How to invest with low risk? What is the difference between investment and trading? How to be successful in long-term investment?

I think it is essential for a Bitcoiner to know the answers to these questions. You must know the good and bad sides of investment and trading. Because when you know about both, you will have the ability to determine right and wrong. Although in general we advise long-term investment for good results from Bitcoin, but there may be some people who, due to lack of proper knowledge, ignore such advice and move towards the temptation of trading.

For high returns from Bitcoin and positive results, one should focus more on Bitcoin investment. Always remember that Bitcoin is not a get rich quick scheme. So if you think that you will become rich in a short time by trading or gambling with Bitcoin, then you are wrong. Because you do not know about the risks of trading/gambling. The chances of losing here are very high. Only through long-term investment with the right plan will you get more chances of positive results from Bitcoin.

[Mayor of ogba]

Like I know what you mean about Bitcoin being a stable coin but someone out there might misunderstood what you are saying. In terms of stability, Bitcoin really is the most stable of them all in the crypto market. And there could be some altcoiners out there that will say that Bitcoin didn't gave them a good life but in the alts that they were lucky that they invested in too early. But I am with you, Bitcoin did gave a lot of us here a good life and that is the reason why we're sticking on it. And if there are people that still don't believe Bitcoin, soon, they will realize on how it moves the market because if it isn't for Bitcoin, we'd see all of their alts being dumped and going to the ball pit.

Bitcoin investment has really brought out some families from poverty, one of the reasons why I love this investment is that no matter how small your discretion income is you can still use it to accumulate Bitcoin and if you do that for years you will accumulate a reasonable amount of Bitcoin and the most interesting part is that Bitcoin is always growing in value and price so your money worth remain the same it will be increasing, is not like bank savings where your money is always same and they even take there Bank charges from that money you are saving with them so as you are putting money in your bank account weekly or monthly they are also taking there weekly or monthly charges from your money, that's why saving your money with Bitcoin as an investment is the best, there was a man who has been accumulating Bitcoin for years so when he became very sick he called his lawyer and gave him his wallet secret phrase and password and told him to give it to his family if maybe he died, so when he died as a result of the sickness the lawyer did as instructed by the late man and when the children opened the wallet they discovered a good amount of Bitcoin inside they sold it and that was how they became rich, Bitcoin investment can't be compared to shitcoins, Bitcoin is more stable and reliable.

That means that volatility is a good thing for risk takers like us. We've seen the opportunity from within and by the time that we've seen it going to get bigger and we've invested some of our funds that we afford to us, we did the right thing. As for me, I've sold some before we've seen these highs and I am still thinking about that mistake but I cannot dwell in that have to learn from that mistake and it's best to hold for as long as we can. And if we cannot hold for any longer, we have to control ourselves or if we decide to release some in the market and let the other holders get it, we need to be decisive.

Well Great points Bitcoin's way more stable than other cryptos. That story about the sick man shows how Bitcoin can build wealth for families.Buy every dip sounds good, but it's better to invest steadily.  Trying to time the market is tough, but regular investing is safer. We all make mistakes; learn from them and stick to your plan.  Holding Bitcoin is important, but have a plan. just sharing my thought

You are correct. Since no man or woman on planet earth can actually predict the price of bitcoin in the next second, minute, or hour, it is not advisable for anyone who wants to invest in bitcoin to time the market, and such art might likely delay investors from starting their bitcoin investment since no one is certain if the dip will happen today or tomorrow. Be it new investors or old investors in bitcoin investment, the DCA strategy is always the perfect strategy for them to adopt because it will allow them to consistently accumulate bitcoin when their money is readily available, even if the price of bitcoin is increasing or decreasing, which will give them the advantage to accumulate more bitcoin than using the buying the dip strategy to invest in bitcoin.

[I_Anime]

Fear is too ways. It can make you be nervous on where you put your money and proper step of losing your investment but to see it growing. At the same time fear can make you not take the bold step of investing aggressively into bitcoin when you have the money. However, a new investor that don't have confidence in bitcoin, can start by investing with little amount buying every week or month consistently and persistently.

In the second year when he has start to understand bitcoin investment, he can increase his DCA amount due to confidence that he has gotten in the market, because I believe that you confidence i bitcoin will increase based on the passage of time. This is why any investor that has invested in bitcoin for one complete circle will have more confidence to invest aggressively in bitcoin than a new investor. The more experience that you have in the market, the stronger your confidence in bitcoin's future and the less your fear to buy more and hodli for long.

Everyone of us is new to Bitcoin at some point and those who successfully overcome there fears and doubts about Bitcoin are now called experienced  Bitcoiners. Fear is biggest hindrance in achieving your goals and we can't get our destiny without overcoming our fears.

This is a great idea for new comers to overcome there fears and doubts about Bitcoin by starting with small money. The key to success with Bitcoin is consistency because you may not start seeing good results in initial weeks or months of investing in Bitcoin. But if one is committed to keep investing for long time then he is deemed to success.

One more thing I like to add is that during our course of investment we see distractions like we have these days in the form of 'Trump Coin'. Such distractions are tempting but they are short lived and are useless in the long run. For investment, Bitcoin will be our sole target for accumulation and one must not deviate from it.

Fear or doubt will be defeated if they really realize and study everything well, especially knowing the Bitcoin trail from the beginning until now and beyond, fear and doubt will disappear and turn into a strong belief because only belief makes them steadfast no matter what happens because their goal is only one, namely the long term without an unspecified time limit until they get very big profits in the long term. And by having strong beliefs, of course they will be consistent in doing so and the profits seen on the way will motivate them to continue collecting Bitcoin until they are satisfied to get much bigger profits in the future.

Trump and Melania coins are currently a hype that I think will not last long and is also very risky, we should not discuss it here because here we only recommend Bitcoin which is proven and really provides very perfect benefits and security and is not even risky as long as we treat it for the long term.

As a newbie in this space is normal , to have fear and stuff because you haven't gotten used to the space yet or know how things work here.  But as you began to acquire more knowledge about bitcoin you will began to see the beauty of investing in it, many people still have the mindset that is already too late to invest in bitcoin (which is not true ) Because bitcoin still have some space for growth.

I don't know why some folks still have that mentality of getting rich over night just by buying a particular coin, it is possible though but you can't tell which has potential and the one that don't , and you may endup In a rug pull project and endup losing everything you have worked for

[laijsica]

Fear is too ways. It can make you be nervous on where you put your money and proper step of losing your investment but to see it growing. At the same time fear can make you not take the bold step of investing aggressively into bitcoin when you have the money. However, a new investor that don't have confidence in bitcoin, can start by investing with little amount buying every week or month consistently and persistently.

In the second year when he has start to understand bitcoin investment, he can increase his DCA amount due to confidence that he has gotten in the market, because I believe that you confidence i bitcoin will increase based on the passage of time. This is why any investor that has invested in bitcoin for one complete circle will have more confidence to invest aggressively in bitcoin than a new investor. The more experience that you have in the market, the stronger your confidence in bitcoin's future and the less your fear to buy more and hodli for long.

One more thing I like to add is that during our course of investment we see distractions like we have these days in the form of 'Trump Coin'. Such distractions are tempting but they are short lived and are useless in the long run. For investment, Bitcoin will be our sole target for accumulation and one must not deviate from it.

No reasonable Bitcoin investor or someone that truly believe in Bitcoin will be distracted by this trump coin that was newly launched,  it is obviously a rug pull game waiting to happen, and it's going to manifest in no distance time, it is just a matter of time, because with all the hype's surrounding it, president trump wouldn't even step down before the coin will start crashing down, so it would be very stupid for any Bitcoineer to even consider investing in it, with all the knowledge he or she has attained in this forum.
So in my opinion, the best way to overcome such distractions is not even entertaining such news on the progress trump's coin or any other coin has grown so far, because it's just a  disaster waiting to happen, if you falls for the hype.

It would be a foolish decision to get influenced by such shitcoins and throw your money into an uncertain journey. People should protect themselves as well as their families by maintaining their wealth and should devote themselves to accumulation Bitcoin as an easy and reliable investment. Trump coins are a lure due to which countless investors will lose their capital and may lose their interest in crypto investments over time. There are countless such tempting shitcoins in the market and some people get involved in the trap of high profits which will give rise to regrets for later.

Similarly another coin has been launched called MELANIA and it was launched by Melania Trump herself and a huge campaign has started for these coins. Initially some investors may be attracted by this coin but there may be uncertainty about getting long-term profits which may be disappointing for the common investors. This could be a disastrous situation in the future.

[Lida93]

When looking at both of traders and investors, I wonder why most people would just choose a difficult path of an easy part, and the funny thing there is that, trading have no significant changes on your finances status, it's just for minimal gains that will just improve your life for the time being, if you don't lose all your money in the process, but in the case of investing in Bitcoin, it's just like and easy ride to greatness because even a newbie investors can buy Bitcoin with any accumulating strategy of it choice, once he or she is able to acquire a very good stash of it, his duty is to hold for a very long period of time, and all the requirement needed to achieve that is to have a reliable source of income and an emergency funds set aside so as to be able to withstand any emergencies that may arise in the future without you dipping hands into your holds.

It is assumed that with trading you can make profit faster than you will do with investing by buying bitcoin either at a lump-sum or with the DCA approach and hold for a long period of years before making profit.

For such people it's believe that before the time you get to wait to have your bitcoin investment matured, if you were trading you could have made much more but that's a blatant lie and deceptive, because profit making in trading is never guaranteed as it is with long term hodling on your bitcoin investment plan which comes with huge ROI. Bitcoin investment is similar to making and building a savings for the future just by following the bitcoin investment rules.

 

[Gallar]

When looking at both of traders and investors, I wonder why most people would just choose a difficult path of an easy part, and the funny thing there is that, trading have no significant changes on your finances status, it's just for minimal gains that will just improve your life for the time being, if you don't lose all your money in the process, but in the case of investing in Bitcoin, it's just like and easy ride to greatness because even a newbie investors can buy Bitcoin with any accumulating strategy of it choice, once he or she is able to acquire a very good stash of it, his duty is to hold for a very long period of time, and all the requirement needed to achieve that is to have a reliable source of income and an emergency funds set aside so as to be able to withstand any emergencies that may arise in the future without you dipping hands into your holds.

It is assumed that with trading you can make profit faster than you will do with investing by buying bitcoin either at a lump-sum or with the DCA approach and hold for a long period of years before making profit.

For such people it's believe that before the time you get to wait to have your bitcoin investment matured, if you were trading you could have made much more but that's a blatant lie and deceptive, because profit making in trading is never guaranteed as it is with long term hodling on your bitcoin investment plan which comes with huge ROI. Bitcoin investment is similar to making and building a savings for the future just by following the bitcoin investment rules.

Yes, sometimes people are fooled by the instant results they get from trading. They think that trading can double their money quickly, when in reality this is just a fantasy that can make the person fall into the abyss of loss. This is where we have to have patience and choose a safer path even though the journey is long (investing). Because the results obtained from a long struggle will certainly be more meaningful and will have very good uses. Because we invest in bitcoin, we definitely have a goal that can definitely make our future brighter. Meanwhile, as you said, the results of trading are only temporary and do not guarantee that the money you get can change our future. Therefore, even though it takes a long time to wait for the results we get from investing in Bitcoin. But believe me this will not make us disappointed with this action.

[icebar]

When looking at both of traders and investors, I wonder why most people would just choose a difficult path of an easy part, and the funny thing there is that, trading have no significant changes on your finances status, it's just for minimal gains that will just improve your life for the time being, if you don't lose all your money in the process, but in the case of investing in Bitcoin, it's just like and easy ride to greatness because even a newbie investors can buy Bitcoin with any accumulating strategy of it choice, once he or she is able to acquire a very good stash of it, his duty is to hold for a very long period of time, and all the requirement needed to achieve that is to have a reliable source of income and an emergency funds set aside so as to be able to withstand any emergencies that may arise in the future without you dipping hands into your holds.

It is assumed that with trading you can make profit faster than you will do with investing by buying bitcoin either at a lump-sum or with the DCA approach and hold for a long period of years before making profit.

For such people it's believe that before the time you get to wait to have your bitcoin investment matured, if you were trading you could have made much more but that's a blatant lie and deceptive, because profit making in trading is never guaranteed as it is with long term hodling on your bitcoin investment plan which comes with huge ROI. Bitcoin investment is similar to making and building a savings for the future just by following the bitcoin investment rules.

Yes, sometimes people are fooled by the instant results they get from trading. They think that trading can double their money quickly, when in reality this is just a fantasy that can make the person fall into the abyss of loss. This is where we have to have patience and choose a safer path even though the journey is long (investing). Because the results obtained from a long struggle will certainly be more meaningful and will have very good uses. Because we invest in bitcoin, we definitely have a goal that can definitely make our future brighter. Meanwhile, as you said, the results of trading are only temporary and do not guarantee that the money you get can change our future. Therefore, even though it takes a long time to wait for the results we get from investing in Bitcoin. But believe me this will not make us disappointed with this action.

Yes, we can easily understand if we have a good knowledge of the market. If you invest in any currency other than Bitcoin, there is a high chance that the money will be gone in a short time. Currently, there are more than 16,000 currencies in the market, which one is the one that can be profitable in the long term? Although some currencies can be profitable temporarily, in the long run it is equivalent to gambling.

Only those who have held Bitcoin have benefited. In trading, if I can make a small profit, there is a high chance that I will lose. As a beginner, I do not have enough knowledge due to which I will not be able to do well from trading, but if I can only focus on Bitcoin and be strong with long-term DCA, then I will definitely be able to get a profitable return on my investment.

[passwordnow]

Those words striked directly to me because out of needs, I have to sell some of my stash even before it hit $100k but that's fine, lessons are learned the expensive way. So, those that have sold at $100k were even better than me. But that's a mistake that I've learned for how many years until now. I cannot say if I am in overaccumulation or not but one thing for me is I'll never stop to accumulate and I'll continue to do it to at least get some quantities that I've sold too early. With this expensive lesson that I have learned, I am sure that there will be people that will have their fair share.

I doubt that you could be in a state of overaccumulation without knowing it, yet surely it can be difficult to figure out ways of dealing with our BTC accumulation process and to figure out ways that we would not end up selling BTC when we are still in the process of accumulating it.. but yeah, people will frequently get mixed up between investing and trading and even wrongly start to presume that they are going to be able to sell and then buy back cheaper, which many times just ends up screwing up their BTC accumulation focus.. so some folks might have had been able to focus on accumulating BTC and to reach their BTC accumulation goal, but they think that they are going to short-cut the process, and they end up with either fewer BTC or having to throw way more dollars into bitcoin in order to get back to where they were prior to their selling.

No one can really tell anyone else how to deal with their BTC accumulation strategies and approaches, even though there are some better practices that attempt to stay focused, yet at the same time, there are also needs to attempt to tailor whatever you are doing to your own circumstance, and for example to hold back some cash  so that you have reserve funds when you have unexpected expenses coming up or sometimes guys make mistakes of being overly aggressive in their BTC accumulation, and then they realize they need some of that money for their expenses since they had miscalculated some of their cashflow into the future, and so having back up funds can frequently help in managing some of the mistakes that any of us might end up making at various points in our bitcoin accumulation journey. 

Some guys also get tempted into trading/gambling, it is not easy to suggest that guys stop with what they want to do, yet some guys are able to place limits on themselves (such as no more than 10% of the BTC stash for gambling, trading and/or shitcoins, yet at the same time, gamblers frequently have problems sticking with any of their self-imposed limits since it can become overly tempting to jump into some shitcoin that seems like "an opportunity of a life time" and blah blah blah.. they end up fucking up their own self-imposed limits. Hopefully you are able to figure out some kinds of a reasonable balance for yourself so that you are ultimately not ending up in a position of getting distracted out of what should be a focus on BTC accumulation until you are able to figure out what your target level is or should be and I am not even saying it is easy to figure out targets based on your own figuring out the details of your individual factors, which are also likely somewhat of a moving target, too.

You are absolutely right. Like I did a lot of trades here and there in the past and I got most of them in a loss, luckily they're all affordable losses and I thought that even with TAs, FAs and other types of looking at the market, it is not for the likes of me. It's true that many assumes to sell at a higher price and then awaits for the price to dump especially for BTC and then the accumulation comes again. It doesn't go like that and it's effortless to just simply hold and do nothing and wait until you're seeing your portfolio grows. I am sad with all of the mistakes that I've committed in the past but that's giving me the balls to understand deeper the market and myself on how I'll react to the market whenever it goes up and down. I am having anxiety attacks from time to time which is different on my status nowadays, I'm not sure how it goes but this also affects my decision making nowadays but soon this shall pass.

[JayJuanGee]

Those words striked directly to me because out of needs, I have to sell some of my stash even before it hit $100k but that's fine, lessons are learned the expensive way. So, those that have sold at $100k were even better than me. But that's a mistake that I've learned for how many years until now. I cannot say if I am in overaccumulation or not but one thing for me is I'll never stop to accumulate and I'll continue to do it to at least get some quantities that I've sold too early. With this expensive lesson that I have learned, I am sure that there will be people that will have their fair share.

I doubt that you could be in a state of overaccumulation without knowing it, yet surely it can be difficult to figure out ways of dealing with our BTC accumulation process and to figure out ways that we would not end up selling BTC when we are still in the process of accumulating it.. but yeah, people will frequently get mixed up between investing and trading and even wrongly start to presume that they are going to be able to sell and then buy back cheaper, which many times just ends up screwing up their BTC accumulation focus.. so some folks might have had been able to focus on accumulating BTC and to reach their BTC accumulation goal, but they think that they are going to short-cut the process, and they end up with either fewer BTC or having to throw way more dollars into bitcoin in order to get back to where they were prior to their selling.

No one can really tell anyone else how to deal with their BTC accumulation strategies and approaches, even though there are some better practices that attempt to stay focused, yet at the same time, there are also needs to attempt to tailor whatever you are doing to your own circumstance, and for example to hold back some cash  so that you have reserve funds when you have unexpected expenses coming up or sometimes guys make mistakes of being overly aggressive in their BTC accumulation, and then they realize they need some of that money for their expenses since they had miscalculated some of their cashflow into the future, and so having back up funds can frequently help in managing some of the mistakes that any of us might end up making at various points in our bitcoin accumulation journey. 

Some guys also get tempted into trading/gambling, it is not easy to suggest that guys stop with what they want to do, yet some guys are able to place limits on themselves (such as no more than 10% of the BTC stash for gambling, trading and/or shitcoins, yet at the same time, gamblers frequently have problems sticking with any of their self-imposed limits since it can become overly tempting to jump into some shitcoin that seems like "an opportunity of a life time" and blah blah blah.. they end up fucking up their own self-imposed limits. Hopefully you are able to figure out some kinds of a reasonable balance for yourself so that you are ultimately not ending up in a position of getting distracted out of what should be a focus on BTC accumulation until you are able to figure out what your target level is or should be and I am not even saying it is easy to figure out targets based on your own figuring out the details of your individual factors, which are also likely somewhat of a moving target, too.

You are absolutely right. Like I did a lot of trades here and there in the past and I got most of them in a loss, luckily they're all affordable losses and I thought that even with TAs, FAs and other types of looking at the market, it is not for the likes of me. It's true that many assumes to sell at a higher price and then awaits for the price to dump especially for BTC and then the accumulation comes again. It doesn't go like that and it's effortless to just simply hold and do nothing and wait until you're seeing your portfolio grows. I am sad with all of the mistakes that I've committed in the past but that's giving me the balls to understand deeper the market and myself on how I'll react to the market whenever it goes up and down. I am having anxiety attacks from time to time which is different on my status nowadays, I'm not sure how it goes but this also affects my decision making nowadays but soon this shall pass.

Well, yes, it can become somewhat easy to get lured into putting the theoretical idea into practice to sell higher and then to buy lower, but then the price ends up moving all over the place, and there ends up being a lot of waiting and even trying to figure out how much lower is a reasonable amount, so no one really knows a couple of those parts, so then the person who is trying to increase his profits and to lower his costs per BTC ends up getting caught in a never ending psychological loop of waiting and trying to achieve higher levels of perfection and therefore perceived profits at a later date.

If you are able to get over your obsession of costs and/or profits, and merely focus on figuring out your budget so that you are able to buy bitcoin every single week (or some other reasonable consistent basis), then you will likely end up building a way better mentality and even getting into a zone in which you are controlling exactly how aggressive that you are going to be based on a lot of factors that are way more measurable and knowable by you, which is how much income you have coming in and what kinds of expenses you have, and even what might be your various kinds of cash reserve levels that you are able to tolerate.. and perhaps whether there might be ways for you to increase your discretionary income by increasing your income and/or decreasing your expenses and at the same time perhaps potentially holding some cash on the side for buying on dips.. to make yourself feel better and to provide some psychological relief for periods that the BTC price might dip.

Sure none of it is going to be perfect, and you might even have decently high costs per BTC and even potentially be in the negative for extended periods of time, yet if you are ongoingly, consistently and persistently accumulating bitcoin for many years, then probably after around 4 years, your average cost per BTC will gravitate towards the same as the 200-WMA.. and most likely from there on out, you likely will have better chances to be consistently in profits, especially if your costs get to a point in which the 200-WMA is going up faster than your costs, and so you more likely are going to feel more and more confidence about your own level of financial solidness (even if we also know that the BTC price is not guaranteed, yet at the same time, we have ended up employing very good and solid practices, and hopefully also maintained some balance in our lives in regards to our cashflow and potentially even building stronger and stronger cash cushions with the passage of time -

even if we might end up spending a couple of BTC cycles still accumulating BTC, unless we might be able to hav e some periods in which we had been able to front load our BTC investment or even if we might have had some lump sum investing abilities at various points along the way.. so maybe even if we might have an income of around $30k per year and we had been investing bitcoin at about $100 per week, so perhaps after each year we have invested around $5k into bitcoin, yet every once in a while, perhaps once or twice a year, we might either have an opportunity to earn more money or maybe we receive a bonus and then maybe if we have some periods in which we get an extra several thousand dollars invested into bitcoin, we might end up feeling even better about the rate at which our BTC holdings might have had ended up growing at a faster rate than we had predicted... especially if we tried to be realistic in our projections, then sometimes we might end up doing even  way better than we thought that we were even capable of accomplishing.

So, yeah, it can still take a very long time to build up a bitcoin investment portfolio, yet at the same time, we seem to be way more likely to show progress when we have some kind of a consistent plan and we are not fucking around trying to trade and trying to strategize in ways that end up wasting a lot of our time and perhaps ending up where we are not even doing better than we would have had done just to stay focused on ongoing BTC accumulation through ongoing buying and not placing very much emphasis on the current price.. and perhaps then after 2 or 3 cycles, we might well have ended up in a position that we never imagined to be possible and largely because we were able to stay focused for a decent period of time and to build our BTC holdings at no matter the cost... so that we are assured that each month, our quantity of BTC is higher than the previous month, and sure we can see that some months have higher increases than other months, and so we can also create systems to make fun with how we monitor and measure our progress, whether the BTC price is up, down or sideways, if our BTC quantity is continuing to grow, then we likely have better chances down the road to be grateful to ourselves and to our practicing discipline within a system that works... without gambling with our BTC... even though sometimes we might need to manage some of our wallets, so maybe every week we buy $100 worth of BTC, and every 1-2 months, we transfer our accumulated BTC from an exchange to a private wallet, and we continue to learn about various ways to make sure that our BTC are secure and protected and we are not putting them at risk, even though sometimes there are various practices that are needed to be learned in order to improve our security practices yet without making it overly complicated either..since we would not want to lose our bitcoin based on our making our system overly complicated.

[Barikui1]

When looking at both of traders and investors, I wonder why most people would just choose a difficult path of an easy part, and the funny thing there is that, trading have no significant changes on your finances status, it's just for minimal gains that will just improve your life for the time being, if you don't lose all your money in the process, but in the case of investing in Bitcoin, it's just like and easy ride to greatness because even a newbie investors can buy Bitcoin with any accumulating strategy of it choice, once he or she is able to acquire a very good stash of it, his duty is to hold for a very long period of time, and all the requirement needed to achieve that is to have a reliable source of income and an emergency funds set aside so as to be able to withstand any emergencies that may arise in the future without you dipping hands into your holds.

It is assumed that with trading you can make profit faster than you will do with investing by buying bitcoin either at a lump-sum or with the DCA approach and hold for a long period of years before making profit.

For such people it's believe that before the time you get to wait to have your bitcoin investment matured, if you were trading you could have made much more but that's a blatant lie and deceptive, because profit making in trading is never guaranteed as it is with long term hodling on your bitcoin investment plan which comes with huge ROI. Bitcoin investment is similar to making and building a savings for the future just by following the bitcoin investment rules.

 

One important thing most traders don't know is that trading can't change their life forever as investment in Bitcoin does, because that quest for minimal gains that compel them to take trades is just to sorts out the financial needs, and it wouldn't improve their financial state significantly as investment in Bitcoin does, and the funny thing is that nothing is guaranteed when trading, the percentage of you losing your hard earned money is way more higher than you winning, so what's the essence taking such risk when your financial status can't be changed by it?

But with Bitcoin investment, it's a different story altogether, because anyone can invest in it and because successful, all he or she needs to do is to buy and accumulate a very huge stash of it and hold for a very long period of time, that's all.
The only challenge he would encounter is staying discipline in holding, that's why having a reliable source of income and an emergency funds is very much important in your holding journey, so that you wouldn't have to temper with your investment at any point in the future no matter what.

[betswift]

When looking at both of traders and investors, I wonder why most people would just choose a difficult path of an easy part, and the funny thing there is that, trading have no significant changes on your finances status, it's just for minimal gains that will just improve your life for the time being, if you don't lose all your money in the process, but in the case of investing in Bitcoin, it's just like and easy ride to greatness because even a newbie investors can buy Bitcoin with any accumulating strategy of it choice, once he or she is able to acquire a very good stash of it, his duty is to hold for a very long period of time, and all the requirement needed to achieve that is to have a reliable source of income and an emergency funds set aside so as to be able to withstand any emergencies that may arise in the future without you dipping hands into your holds.

It is assumed that with trading you can make profit faster than you will do with investing by buying bitcoin either at a lump-sum or with the DCA approach and hold for a long period of years before making profit.

For such people it's believe that before the time you get to wait to have your bitcoin investment matured, if you were trading you could have made much more but that's a blatant lie and deceptive, because profit making in trading is never guaranteed as it is with long term hodling on your bitcoin investment plan which comes with huge ROI. Bitcoin investment is similar to making and building a savings for the future just by following the bitcoin investment rules.

Doing trading you would trade the stability of your investment for its potential.
With Bitcoin - everything is certain, in 3-4 years, you will get a great PNL and the results will be there.
If you are going to trade all this time - it's not certain whether you would be in profit or not, and would that profit be bigger than just DCAing or lump-buying BTC?

[Justbillywitt]

To invest in Bitcoin, you only need to have the ability to take risks, you see MicroStrategy company is ready to invest in Bitcoin at any time. At present, the price of Bitcoin is going high, but they are not deprived of Bitcoin investment, rather they will buy Bitcoin today.
 Because they are following this DCA method, they are investing in Bitcoin regularly every week, this investment will make more Bitcoin investors excited for them in the future. And they are playing a significant role in making the Bitcoin market boom, you can see it and you can see their investment history, it will encourage every investor.

Details: https://cointelegraph.com/news/micro-strategy-saylor-hints-bitcoin-buy-11-consecutive-week

The ability to take risk is not the only thing you need to invest in bitcoin. There are other things that you need to put in place that will help you invest in bitcoin and successfully hold it for a long term. You need resources, and patience also. Well every individual or organisation have their own risk levels. And no one should be motivated or be motivated to go beyond that their risk level, because if they go beyond that level, it might be catastrophic. So I don't think it's wise enough to motivate anyone with microstrategy bitcoin buying history. Let everyone invest in bitcoin according to their financial capacity and programming.Things like this might make some newbies take some irrational decisions, because they might feel they ain't doing as much as microstrategy is doing. And they might go beyond their means. Which will later have severe effects on other aspects of their lives. We ain't microstrategy, so let's operate on our own time frame and speed.