Buy the DIP, and HODL!

[Z_MBFM]

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

I have implemented planning since the beginning to continue to increase my Bitcoin assets but it ended when my target was met even though there was a little regret because I was impatient to take bigger profits but I have forgotten that and now I am starting to hear new targets again.

There are many lessons from my past experiences that I will use as guidelines for this future journey for me to accumulate bitcoins consistently with the DCA method that I have determined and back to the problem as we discussed that the difficult thing is consistency but with the experience I have I am quite sure that I can implement the journey to achieve the target consistently.

I understand and appreciate it because most likely some people or investors have also done the same thing before but it will be a valuable experience after knowing that Bitcoin continues to increase without limits and this is what makes them regret and repeat it again very well without a specific target because Bitcoin also does not have a price target and this is what makes Bitcoin very profitable if done for the long term compared to other investments or assets because Bitcoin will definitely continue to increase. And what must be known is that Bitcoin can still be said to be a new asset that not everyone in the world knows and is involved in the world of Bitcoin, and besides that people from various circles continue to persist in getting involved in Bitcoin and that will make the price of Bitcoin much higher and I want everyone to realize this and make it a motivation.

And I am sure that after those who make mistakes because they sell too quickly or because of targets and make sales, there must be regret and will repeat not to make mistakes and also continue to try to collect more Bitcoin by doing DCA or other methods consistently to generate much greater profits than before.

Those who get the opportunity to invest in Bitcoin during the dip but then sell it later, they must regret it a lot when they see the price of Bitcoin constantly increasing. Our psychology works in such a way that if we can invest in Bitcoin at $50k and when the price of Bitcoin crosses $70k, we are afraid that the price of Bitcoin may decrease again, so we decide to sell our Bitcoins and then think that we will buy Bitcoin again when the price of Bitcoin falls below $50k. Sometimes we see our idea come true but then our psychology prevents us from buying Bitcoin because then we think that the price of Bitcoin will decrease further. But when the price of Bitcoin increases again, we wait for it to decrease again but the price does not decrease like that. In this way, we stay away from Bitcoin a lot even though we know how much potential Bitcoin has for the future and how valuable Bitcoin is.  In this way, the price of Bitcoin has crossed $100k and we may see it cross a million dollars in the future but we cannot hold on to our Bitcoins. We often understand a lot but cannot control our psychological state.

[sotelorene]

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There is an over accumulation stage mate. This is the stage when you have accumulated beyond your bitcoin target because you have the finance and passion to accumulate extra bitcoin. For example, I have a target to accumulate 6btc and after accumulating this quantity because I still have more time and zeal passion to continue accumulating more, I decided to accumulate 2btc extra to make it a total of 8btc. The extra 2btc has put me in my over accumulation stage because it differs from investor to investor.

I get your point but don't misunderstand my statement, there is the word over accumulation which typically means over collecting or having too much of something that u need often above what is considered reasonable. So let me ask you, do you think there is a stage where one have too much Bitcoin than they need? Do you think holding too much Bitcoin threatens the safety of our investment?  I personally don't think so, I don't think holding too much of Bitcoin to a point that it will be considered not safe so that's why I made that statement.
In Bitcoin investment we can only accumulate past our investment target but I wouldn't refer to it as over accumulation. You're just exceeding your initial goal which is a good problem to have.

Over accumulation is never a problem rather it is a blessing, because you increased your wealth in bitcoin, and since bitcoin is one of the most profitable asset to invest in, when you are able to reach a over accumulation stage, it increases your profits and gives you more financial confidence because of the size of bitcoin in your custody. Don't forget that the size of your portfolio is what will determine your profits in future.

I agree with you, as an investor you should increase your portfolio as much as possible. in the long run Bitcoin will able go to such places that people cannot even imagine, Bitcoin will definitely be very big, but if the investor does not have enough holdings, then he will not benefit from it, but rather he will be more disappointed at that time. Because those who have held Bitcoin, they will celebrate their huge profits in the future, but those who have not held Bitcoin, they will only regret it. So you have to take risks, you should be brave and keep accumulating Bitcoin now, right now if you do not fear the volatility and just keep holding, then you will get the results much larger than you expected.

Your first sentence is making the Bitcoin investment look like a must do or a rush something, yes an investor ought to grow their investment but not as soon as possible because different people have different source of income and the amount they earns differs. So you don't expect anyone who's not earning much to rush or increase there investment... All because of getting to a target no, is not done that way this is Bitcoin investment and this particular one is to be done gradually with all carefullness so you don't run into problem.

Moreover, I think how long it will take someone ( an investor) to reach their expected target doesn't really but so long as they are consistent they will definitely get there, some has crashed their investment all because of trying to do what they can not afford to do.

[Gaza13]

I have implemented planning since the beginning to continue to increase my Bitcoin assets but it ended when my target was met even though there was a little regret because I was impatient to take bigger profits but I have forgotten that and now I am starting to hear new targets again.

There are many lessons from my past experiences that I will use as guidelines for this future journey for me to accumulate bitcoins consistently with the DCA method that I have determined and back to the problem as we discussed that the difficult thing is consistency but with the experience I have I am quite sure that I can implement the journey to achieve the target consistently.

Yes, of course everyone has felt that consistency in investing is hampered by urgent needs or things that we cannot predict, be it needs or other things, even though we have set aside separate funds. Yes, we don't need to regret at that time or in that month we cannot accumulate our investment assets, just do what you can, don't force the situation, and I have experienced something similar like you too. Why do you regret it? Haven't you determined your target, you determine it or you want it yourself, isn't the market very difficult to predict. So enjoy the benefits you get at that time, it is part of the fortune you have.

[POPOLUV]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

I think that many long term investors would do well to continue to buy bitcoin for at least one or two cycles, yet of course the extent of their buying may well have to do with their budget and if they had been able to front load their investment. Many times normies are not able to front load their investment, so they tend to be better off to keep on accumulating, rather than merely holding... Even though holding is good in the context of meaning not to sell.. .. yet still there can be toughness in figuring out exactly what people should do, even if we likely can infer that there are an overwhelming majority of normies who are either no coiners or low coiners, so as a general principle, it seems that the no coiners and low coiners should be trying to figure out ways to make sure that they have some discretionary income so that they can ongoingly accumulate bitcoin.

I get what you’re saying about patience Moreno233. In long term investing, especially with Bitcoin, it is not about sitting and waiting for price dips like traders do. Once you’ve understand the basics, understand what you’re investing in, meet your needs, and secure an emergency fund, then you should not necessarily rely on patience in the way traders do. You should’ve already accepted that this is a long term journey, and that mindset itself takes care of the need for patience.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

[Tmoonz]

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There is an over accumulation stage mate. This is the stage when you have accumulated beyond your bitcoin target because you have the finance and passion to accumulate extra bitcoin. For example, I have a target to accumulate 6btc and after accumulating this quantity because I still have more time and zeal passion to continue accumulating more, I decided to accumulate 2btc extra to make it a total of 8btc. The extra 2btc has put me in my over accumulation stage because it differs from investor to investor.

I get your point but don't misunderstand my statement, there is the word over accumulation which typically means over collecting or having too much of something that u need often above what is considered reasonable. So let me ask you, do you think there is a stage where one have too much Bitcoin than they need? Do you think holding too much Bitcoin threatens the safety of our investment?  I personally don't think so, I don't think holding too much of Bitcoin to a point that it will be considered not safe so that's why I made that statement.
In Bitcoin investment we can only accumulate past our investment target but I wouldn't refer to it as over accumulation. You're just exceeding your initial goal which is a good problem to have.

Over accumulation is never a problem rather it is a blessing, because you increased your wealth in bitcoin, and since bitcoin is one of the most profitable asset to invest in, when you are able to reach a over accumulation stage, it increases your profits and gives you more financial confidence because of the size of bitcoin in your custody. Don't forget that the size of your portfolio is what will determine your profits in future.

I agree with you, as an investor you should increase your portfolio as much as possible. in the long run Bitcoin will able go to such places that people cannot even imagine, Bitcoin will definitely be very big, but if the investor does not have enough holdings, then he will not benefit from it, but rather he will be more disappointed at that time. Because those who have held Bitcoin, they will celebrate their huge profits in the future, but those who have not held Bitcoin, they will only regret it. So you have to take risks, you should be brave and keep accumulating Bitcoin now, right now if you do not fear the volatility and just keep holding, then you will get the results much larger than you expected.

The whole process should not be seen as some sorts of burden even though we are expected to take our investment very serious having a solid steady state is more better than being overly aggressive with our investment where we have to be struggling to sort out our important needs, we all have different individual financial status and when it comes to Bitcoin we are expected to only invest within our financial circumstances that suits us, the value of your benefits is only directly proportional to the size your Bitcoin and how long you were able to hold, everyone will only be rewarded according to their work which of course will differs from one another.

[I_Anime]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

I think that many long term investors would do well to continue to buy bitcoin for at least one or two cycles, yet of course the extent of their buying may well have to do with their budget and if they had been able to front load their investment. Many times normies are not able to front load their investment, so they tend to be better off to keep on accumulating, rather than merely holding... Even though holding is good in the context of meaning not to sell.. .. yet still there can be toughness in figuring out exactly what people should do, even if we likely can infer that there are an overwhelming majority of normies who are either no coiners or low coiners, so as a general principle, it seems that the no coiners and low coiners should be trying to figure out ways to make sure that they have some discretionary income so that they can ongoingly accumulate bitcoin.

I get what you’re saying about patience Moreno233. In long term investing, especially with Bitcoin, it is not about sitting and waiting for price dips like traders do. Once you’ve understand the basics, understand what you’re investing in, meet your needs, and secure an emergency fund, then you should not necessarily rely on patience in the way traders do. You should’ve already accepted that this is a long term journey, and that mindset itself takes care of the need for patience.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

Investing in Bitcoin is all about following the right principles, because without any proper planning you will only messed up your investment. Being patient enough to hold and to accumulate for a whole cycle or more is nice . But if you don't have proper planning you won't be able to pull it off , at first one stepping stone is using dcaing which will give you enough time to make proper planning at then you won't have to start pressuring self on how to start with one Bitcoin once or higher quantities with DCA you can start with any amount of money (depending on.l Your discretionary income though ) and try to have the right mindset that you are investing for long-term .

[Bluedrem]

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

I have implemented planning since the beginning to continue to increase my Bitcoin assets but it ended when my target was met even though there was a little regret because I was impatient to take bigger profits but I have forgotten that and now I am starting to hear new targets again.

There are many lessons from my past experiences that I will use as guidelines for this future journey for me to accumulate bitcoins consistently with the DCA method that I have determined and back to the problem as we discussed that the difficult thing is consistency but with the experience I have I am quite sure that I can implement the journey to achieve the target consistently.

Since you once held Bitcoin but could not hold it, you have enough idea how to hold Bitcoin.
It will be foolish for you to make the same mistake again and again.
You should invest some money in Bitcoin based on your income on a weekly, monthly or annual basis.
Even if it is less, you have to make sure that you can hold it for a long time because there is no option to hold Bitcoin for a long time to earn full profit.
Hopefully, this time you will not lose your savings.

[laijsica]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

I think that many long term investors would do well to continue to buy bitcoin for at least one or two cycles, yet of course the extent of their buying may well have to do with their budget and if they had been able to front load their investment. Many times normies are not able to front load their investment, so they tend to be better off to keep on accumulating, rather than merely holding... Even though holding is good in the context of meaning not to sell.. .. yet still there can be toughness in figuring out exactly what people should do, even if we likely can infer that there are an overwhelming majority of normies who are either no coiners or low coiners, so as a general principle, it seems that the no coiners and low coiners should be trying to figure out ways to make sure that they have some discretionary income so that they can ongoingly accumulate bitcoin.

I get what you’re saying about patience Moreno233. In long term investing, especially with Bitcoin, it is not about sitting and waiting for price dips like traders do. Once you’ve understand the basics, understand what you’re investing in, meet your needs, and secure an emergency fund, then you should not necessarily rely on patience in the way traders do. You should’ve already accepted that this is a long term journey, and that mindset itself takes care of the need for patience.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

Patience is about how much you can actually pull your investment in the long term. To do this, you may need to be disciplined and aware, such as through each adjustment of income sources, discretionary income, mental preparation, you can gradually reach your goal without even needing to be specially trained. I think that what you are talking about is not really related to any need.

Traders consider short term trading as a need to be more profitable but investors do not put pressure on themselves for the investment they consider investment as a future asset. Gradually they invest that amount of money and keep doing Bitcoin regularly in the price fluctuations and do not force themselves. You will notice those investors who are tempted to do it in the long term they speculate about the future value but cannot say anything for sure they are constantly saving more and increasing their holdings.

[JayJuanGee]

I believe people who are waiting to buy the dip are short term investors (more like traders) who are only after profit so they believe buying cheap and selling after a little price movement is the best way.

You can wait to buy at the dip if you have reached your bitcoin accumulation target and wants to go into over accumulation stage. Also, when you are in your over accumulation stage, you can buy bitcoin at the dip in order to replace any quantity that you sold for a good reason and buy back when the price dips so that you don't go below your over accumulation stage and start accumulating bitcoin again with DCA regularly.

Over Accumulation? Are you for real? There is no such thing as over Accumulating, when your target is reached that is not the end of your investment journey you just have to reassess your goals and set a higher target. That way there won't be an over accumulation. If your target is reached you can decide to take some profit and rebalance your portfolio if you see the need to but i think extending your investment period is wiser since Bitcoin has the potential to grow even higher. Taking profit doesn't mean you sell all your Bitcoins.
Reaching your target doesn't mean you change your accumulation strategy and start buying at dips. Reaching your target doesn't mean you should relent on your accumulation.

You are lacking in imagination if you believe that overaccumulation cannot be achieved.

Let's say that there is a person who was in his mid 30s in 2016, and he started accumulating bitcoin in 2016, so now he is in his mid 40s.  When he started investing in bitcoin he had been earning around $30k per year, and he had been investing in various other assets at a rate of about 20% of his income (about $120 per week), so his total investment time had been about 10 years, so he had an investment portfolio of about $100k.  In 2016 he decided to continue to put $120 per week into bitcoin, yet he also decided to put 40% of his already existing investment portfolio into bitcoin (which would have had been $40k).   His goal was to get to having a passive income of $80k.

So his initial purchase of $40k worth of bitcoin got him right around 61 bitcoin (since he got them around $650 each).

His $120 per week invested into bitcoin caused him to invest $56.6k into bitcoin, and accumulated about 14.45 BTC..

So right now his total bitcoin holdings is about 75.45 BTC.  This guy has overaccumulated by around 4.5x.. since his goal was to have a passive income of $80k per year, and 75.45 BTC would currently get him a passive income of about $367k per year.  This guy has totally overdone it, and he likely could have had stopped accumulating a while back and to start to live off of his bitcoin.

There is no need to have such extreme scenarios in order to make the point that there are levels of overaccumulation that are based on goals that guys have that might be within their current income level, and even if they might want to increase their standard of living, there may not be very much reason to shoot for unrealistic numbers when many folks might well be quite content to even just replace their current income and to be able to perpetually earn their current income, and perhaps just have a bit of a cushion that goes beyond their current status and helps them to assess that they would be spending from their overaccumulated bitcoin rather than still be accumulating bitcoin.

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There is an over accumulation stage mate. This is the stage when you have accumulated beyond your bitcoin target because you have the finance and passion to accumulate extra bitcoin. For example, I have a target to accumulate 6btc and after accumulating this quantity because I still have more time and zeal passion to continue accumulating more, I decided to accumulate 2btc extra to make it a total of 8btc. The extra 2btc has put me in my over accumulation stage because it differs from investor to investor.

I get your point but don't misunderstand my statement, there is the word over accumulation which typically means over collecting or having too much of something that u need often above what is considered reasonable. So let me ask you, do you think there is a stage where one have too much Bitcoin than they need? Do you think holding too much Bitcoin threatens the safety of our investment?  I personally don't think so, I don't think holding too much of Bitcoin to a point that it will be considered not safe so that's why I made that statement.
In Bitcoin investment we can only accumulate past our investment target but I wouldn't refer to it as over accumulation. You're just exceeding your initial goal which is a good problem to have.

If a guy knows that right now he needs at least 16.407 BTC in order to perpetually sustain an income of $80k per year (which happens to be his goal), and he has more than 27 bitcoin, then he knows that he has more than 10 bitcoin more than he needs. I am not sure what point he would have to accumulate more, and he surely has a lot of options having had reached such overaccumulation level that is something like 61% more bitcoin than he needs.

There should be no reason to disclose (or tell) anyone that he has more bitcoin than he needs and he may well not even need to tell anyone that he has bitcoin.

I think that many long term investors would do well to continue to buy bitcoin for at least one or two cycles, yet of course the extent of their buying may well have to do with their budget and if they had been able to front load their investment. Many times normies are not able to front load their investment, so they tend to be better off to keep on accumulating, rather than merely holding... Even though holding is good in the context of meaning not to sell.. ..

When an investor resort to only holding possibly because you've reached your accumulation target or thereabout, without exhausting your holding period, I don't think it's quite advisable to stop accumulating. Continuous buying revitalizes the energy to only add to your portfolio and reduces the possibility of entertaining the thought of selling your Bitcoin.

Sure, guys can do what they like in terms of figuring out how much is enough, and if their goal is to have a perpetual $0k per year income that accounts for 7% debasement in the dollar (or other fiat) every year and they know that they need a minimum of 16.407 bitcoin right now to have such income, and they have more than 27 bitcoin, then I have some difficulties understanding why they might want to continue accumulating bitcoin.  They have options and they can choose within their options, and sure some guys might not know what they want or how to manage the fortune that they already have.

Furthermore over accumulation is a good thing and ensure you have a larger portfolio than you planned out initially.  Surely, if you're still able, you can reset your accumulation target and get back into your accumulation phase to get a relatively higher stash of Bitcoin. It's noteworthy that the bigger your portfolio, the more profits you tend to enjoy on the long run.

Sure there are folks who are never happy and they keep setting goals in order that they never make it to fuck you status;... and sure, that is their choice.  if a guy has more than enough, he does not have to spend it all, he can live within his means, and even if he is withdrawing, he can also continue to increase his standard of living based on his having had employed good, sustainable and even a situation that involves an ongoingly growing income.

If the guy had historically made a $30k per year income, and he is able to stop working and perpetually make $80k or more, then what good does it do for him to keep working for a $30k per year income and perhaps not even really being able to build his already existing bitcoin holdings in any kind of a meaningful and/or substantial way.

It makes little sense... but yeah, being in overaccumulation status brings a lot of options, and guys can be creative in regards to how they take advantage of their options in such ways that are sustainable rather than blowing it all away or taking some other short-sighted approach to their situtuation.

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

I have implemented planning since the beginning to continue to increase my Bitcoin assets but it ended when my target was met even though there was a little regret because I was impatient to take bigger profits but I have forgotten that and now I am starting to hear new targets again.

There are many lessons from my past experiences that I will use as guidelines for this future journey for me to accumulate bitcoins consistently with the DCA method that I have determined and back to the problem as we discussed that the difficult thing is consistency but with the experience I have I am quite sure that I can implement the journey to achieve the target consistently.

Of course, no one should withdraw too much too soon, since they might prematurely consider themselves to be at fuck you status based on spot price rather than something more reasonable, like the 200-WMA.  Hopefully, you can figure out these matters since it is way better to get to an overaccumulation status and to withdraw from overaccumulated amounts while making sure that the amount withdrawn is not depleting your holdings, so in essence your holdings should be growing at a faster rate than you are withdrawing from it.

I discuss quite a few of these ideas in my sustainable withdrawal thread, including the ideas of making sure that you are at a status of overaccumulation before you employ any withdrawal techniques (whether price based or time based), and of course, only spending from the overaccumulated amouts is good  too... yet surely, guys can confuse some of these ideas and end up both withdrawing too much too soon and also end up overly depleting the principle rather than living off of the passive portion that is ongoingly growing.. which is another good reason to use the 200-WMA (the bottom price) rather than the spot price in terms of guiding limits and also valuating your bitcoin wealth.

In the end, we should be attempting to tailor to our situation.. so that we are spending bitcoin within our means, and likely spending other assets and/or currencies first rather than bitcoin prior to even spending our bitcoin. .. there can be ways to graduate into fuck you status rather than prematurely going into it, too.

Edited out

...When an investor resort to only holding possibly because you've reached your accumulation target or thereabout, without exhausting your holding period, I don't think it's quite advisable to stop accumulating.

...Furthermore over accumulation is a good thing and ensure you have a larger portfolio than you planned out initially.  Surely, if you're still able, you can reset your accumulation target and get back into your accumulation phase to get a relatively higher stash of Bitcoin.

Everyone dream is to have a very huge portfolio even though we all can't achieve same goals due to financial differences that's why holding for long-term is very important especially for the shrimps, whales are financially very capable of buying lots of Bitcoin but if they can hold for long to get more even when they've achieved what most shrimps wishes to then I see no reason why shrimps shouldn't hold for more than a decade or so, Bitcoin has given every class the hope that it's a futuristic investment opportunity so with that being said it not something I'll advise anyone to stop buying even when they've reach their target, like you said one can still reset their target and continue going, their's no harm in doing that, so far their's hope that Bitcoin would keep improving therefore Bitcoin believers should keep buying and holding take Blackrock, Microstrategy for instance, they keep buying than selling and they'll definitely get their reward if or when Bitcoin gets to $1m in the future.

You could be correct that many guys will prematurely think that they have enough or more than enough, when they do not.. not that they have to be greedy, but they have to figure out how to valuate their holdings, to keep accumulating until they have enough or more than enough, which means not prematurely selling, stopping in buying or trading, and even when they might reach a point in which they are able to start selling their bitcoin, they might have a holding period between their buying  before they graduate to selling.. so for example, they could spend 4 years accumulating then 4 years holding before they graduate into a point where they could tart to sell. and surely some guys might spend 4-12 years or longer accumulating and then at least another 4 years holding before starting to sell any bitcoin.

[Fuso.hp]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

Patience is needed in investing so that after investing, the investor does not feel that he should sell his investment immediately. A new investor invests in Bitcoin and before he starts investing in Bitcoin, he starts investing with the idea that he will hold his investment for a long time. In this case, to hold his investment for a long time, he definitely needs enough patience as well as a trust in Bitcoin. But if the investor loses patience due to temporary changes in the market and if he gets excited and sells his investment, then the long-term investment plan will not be implemented. But only when I can accept all the market conditions and be patient, then it will be possible to hold my investment for a long time, but it is not possible and that is why patience is very important in investing.

[Gost ms]

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

I have implemented planning since the beginning to continue to increase my Bitcoin assets but it ended when my target was met even though there was a little regret because I was impatient to take bigger profits but I have forgotten that and now I am starting to hear new targets again.

There are many lessons from my past experiences that I will use as guidelines for this future journey for me to accumulate bitcoins consistently with the DCA method that I have determined and back to the problem as we discussed that the difficult thing is consistency but with the experience I have I am quite sure that I can implement the journey to achieve the target consistently.

If you have failed to hold your investment for a long time in the past, then if you correct your past mistakes, then it will be very beneficial for you to hold your investment for a long time. Because if you have failed to hold your investment for a long time after investing once, then you know what you lost your investment for. If you can correct these mistakes, then you will be able to hold your investment for a long time.

It is very necessary for a long-term investor to reduce his expectations. Because we cannot hold our investment for a long time because of expectations. For example, many times it is seen that after investing, we keep thinking that the price of Bitcoin will increase a lot this month, but if the value of Bitcoin does not increase as expected, then fear acts in our mind and we sell the investment. Again, there are many people who are not patient, they withdraw it when they see some amount of profit in their investment. What they need to do to become patient.

* You can associate with someone who is patient and get advice from them.

*Change your thoughts about being patient.

*Try to keep your mind calm. For example, avoid doing what makes you impatient.

[Bluedrem]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

Patience is needed in investing so that after investing, the investor does not feel that he should sell his investment immediately. A new investor invests in Bitcoin and before he starts investing in Bitcoin, he starts investing with the idea that he will hold his investment for a long time. In this case, to hold his investment for a long time, he definitely needs enough patience as well as a trust in Bitcoin. But if the investor loses patience due to temporary changes in the market and if he gets excited and sells his investment, then the long-term investment plan will not be implemented. But only when I can accept all the market conditions and be patient, then it will be possible to hold my investment for a long time, but it is not possible and that is why patience is very important in investing.

Yes, you are right, I have said it before, if investment is a car, psychological knowledge is its brake. If there is only speed, accidents happen, and if there is only brakes, you cannot reach the destination. So it is important to master both together.

If your psychological knowledge is low, if you lose confidence at the slightest, then you will never be able to reach the final goal by investing.
And you can never hold your invested Bitcoin for long.

You should always keep in mind that the more profit you want, the more risk you have to take.

If the price of your invested Bitcoin decreases after the investment, you should never be disappointed. I think then investing in Bitcoin brings a little more opportunity for investors. So you have to think in a way that this is not a matter of sadness for me, it is a good opportunity for me that now I can buy more Bitcoin.

[CageMabok]

...

...

Since you once held Bitcoin but could not hold it, you have enough idea how to hold Bitcoin.
It will be foolish for you to make the same mistake again and again.
You should invest some money in Bitcoin based on your income on a weekly, monthly or annual basis.
Even if it is less, you have to make sure that you can hold it for a long time because there is no option to hold Bitcoin for a long time to earn full profit.
Hopefully, this time you will not lose your savings.

In terms of storing Bitcoin, I think everyone should be patient for at least five years after the halving cycle occurs in Bitcoin or even before the cycle occurs in Bitcoin because in the period of time that I said, everyone only needs to make sure to dare to buy Bitcoin regularly when they receive their monthly salary. And when you see someone who has made the mistake of not storing Bitcoin for a long period of time after they have bought it in the past, it may be influenced by their lack of patience along with their consistency in buying Bitcoin which is also not that strong.

But those who have made such mistakes also do not need to worry because they still have plenty of time to fix it themselves, especially if they have a monthly salary that can be used directly to buy Bitcoin. So everyone needs to make the best way for themselves so that there is a sense to continue buying Bitcoin consistently without being influenced by other things that can destroy their focus on what they have planned.

[Gost ms]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

Patience is needed in investing so that after investing, the investor does not feel that he should sell his investment immediately. A new investor invests in Bitcoin and before he starts investing in Bitcoin, he starts investing with the idea that he will hold his investment for a long time. In this case, to hold his investment for a long time, he definitely needs enough patience as well as a trust in Bitcoin. But if the investor loses patience due to temporary changes in the market and if he gets excited and sells his investment, then the long-term investment plan will not be implemented. But only when I can accept all the market conditions and be patient, then it will be possible to hold my investment for a long time, but it is not possible and that is why patience is very important in investing.

Yes, you are right, I have said it before, if investment is a car, psychological knowledge is its brake. If there is only speed, accidents happen, and if there is only brakes, you cannot reach the destination. So it is important to master both together.

If your psychological knowledge is low, if you lose confidence at the slightest, then you will never be able to reach the final goal by investing.
And you can never hold your invested Bitcoin for long.

You should always keep in mind that the more profit you want, the more risk you have to take.

If the price of your invested Bitcoin decreases after the investment, you should never be disappointed. I think then investing in Bitcoin brings a little more opportunity for investors. So you have to think in a way that this is not a matter of sadness for me, it is a good opportunity for me that now I can buy more Bitcoin.

Knowledge is needed to invest. But a smart investor will never invest just on knowledge. Because if you have knowledge, you will know information about Bitcoin and what has happened in the past. I think a smart investor will invest in combination of
* Knowledge
* Patience
* Faith in Bitcoin.
* Experience etc.
For example, if you have basic knowledge and faith in Bitcoin in the first place, you can invest and along with investment, you can gain more knowledge, you can gain experience along with investment. You have to be patient etc. If you can do everything together, then your investment is very likely to be successful. But it is never right to invest by focusing on one thing.

I think it is very natural for a new person to be scared when investing in the first place. But you have to take care that he does not sell his investment out of fear. As time goes by, a person will gain more experience, and after a while, he will not be afraid of falling, but will learn to use it.

[SmartCharpa]

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

I agree that patience and self discipline play important roles in investing, especially in something like Bitcoin, that changes price. However, being patient is not the only way to succeed in Bitcoin investments. You might be patient yet still lose money if you lack the right knowledge or invest without any proper research. Moreover, not everyone can afford to wait for a long time, some people can have an emergency or another life situation, so this idea of a long period does not work for those who do not set down emergency funds before investing. That is why I believe that patients should come with planning, and learning to make better choices. Of course, patience is important, but it is not the only key to successful Bitcoin investing.

[Solokan]

everyone certainly has different opinions in this matter, but in my opinion, using emergency funds is certainly free to do at any time if for example we are pressed for medical expenses and so on, as long as the most important thing is that we don't sell btc because the function of emergency funds is so that we can hold btc for the long term and so that when we invest in btc it remains comfortable. and it would definitely be better if we could add emergency funds every month or whenever.

yes, hopefully all of us who invest in btc and do dca will be given health and kept away from danger and hopefully our income will increase so that when we invest in btc we will be calmer. 

I am concerned about your statement. You are free to express your opinion and use your funds at any time, because they are yours alone. But this statement may be a bit confusing for the inexperienced. Because, using an emergency fund at any time may not be the right move.

As you mentioned, an emergency fund can be used at any time and it would be better to re-deposit it at the end of the month. Would this actually be a good move? How reasonable is it to use an emergency fund without an urgent need and how will such a quote affect a beginner? What kind of plan would you work with if an emergency arises at the very moment of using an emergency fund without an urgent need? I can't see any way other than taking out a loan or selling BTC.

So it might be a good move if you don't use the emergency fund in the initial stage of the need and keep the emergency fund safe as long as you can. Then you use the emergency fund, but if the emergency does not end, you blame fate. Because you have been fighting the emergency for a long time and have not won. So plan to fight the emergency for as long as possible. By putting your hand in the emergency fund at the beginning, you are putting your hand in the main weapon at the initial stage of the fight.

what I mean is we can use emergency funds when we are really in a pinch because for example there are unexpected costs such as for medical expenses and so on. and what I mean is we have to diligently add emergency funds over time so that the emergency funds we have become larger over time so that in the end we will not be able to sell btc because the emergency funds we have become more and more.

but yes, to make our investment in btc safe so that we don't sell btc, of course there are many ways and of course if we don't disturb the emergency fund, of course it doesn't matter as long as we have other savings, or it would be better for example if we take out health insurance, home insurance and others so that we can be calm in living our lives and surely that way we will also be calm when we invest in btc and will definitely be strong in holding btc for the long term and by doing that like taking out insurance we have great potential not to disturb emergency funds because for health costs and others of course it will be covered by the insurance.

[Barikui1]

what I mean is we can use emergency funds when we are really in a pinch because for example there are unexpected costs such as for medical expenses and so on. and what I mean is we have to diligently add emergency funds over time so that the emergency funds we have become larger over time so that in the end we will not be able to sell btc because the emergency funds we have become more and more.

but yes, to make our investment in btc safe so that we don't sell btc, of course there are many ways and of course if we don't disturb the emergency fund, of course it doesn't matter as long as we have other savings, or it would be better for example if we take out health insurance, home insurance and others so that we can be calm in living our lives and surely that way we will also be calm when we invest in btc and will definitely be strong in holding btc for the long term and by doing that like taking out insurance we have great potential not to disturb emergency funds because for health costs and others of course it will be covered by the insurance.

I don't really know how you guys sees emergency funds, but I sees it as something you don't temper with unless their is no other options, and the only purpose of you tempering with your emergency funds is because an emergency situation is there already that is threatening your Bitcoin holdings, because to me it stands as the last layer of protection of your Bitcoin holdings, so why using it for something else when reserve funds is there?
Our emergency funds should only be used in real life emergencies, nothing more.

Finally, as we are investing in Bitcoin, let's not forget to stack up a very good emergency funds that is capable enough to withstand any emergency situation that arises, because if our emergency funds are not large enough to carry some real life emergencies, we may be forced to temper with our holdings, so let's our emergency funds be big enough to combat any unforeseen circumstances that comes our way.

[john_egbert]

^ I agree with that, for me, emergency funds are for real-life situations, which cannot be avoided, and that needs urgent attention.

Everybody can experience such a situation, and everybody should be prepared for such an experience.

[Derekfunds]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

I think that many long term investors would do well to continue to buy bitcoin for at least one or two cycles, yet of course the extent of their buying may well have to do with their budget and if they had been able to front load their investment. Many times normies are not able to front load their investment, so they tend to be better off to keep on accumulating, rather than merely holding... Even though holding is good in the context of meaning not to sell.. .. yet still there can be toughness in figuring out exactly what people should do, even if we likely can infer that there are an overwhelming majority of normies who are either no coiners or low coiners, so as a general principle, it seems that the no coiners and low coiners should be trying to figure out ways to make sure that they have some discretionary income so that they can ongoingly accumulate bitcoin.

I get what you’re saying about patience Moreno233. In long term investing, especially with Bitcoin, it is not about sitting and waiting for price dips like traders do. Once you’ve understand the basics, understand what you’re investing in, meet your needs, and secure an emergency fund, then you should not necessarily rely on patience in the way traders do. You should’ve already accepted that this is a long term journey, and that mindset itself takes care of the need for patience.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

Dude, if you don't agree with what gracreavix said it means you don't understand what gracreavix was actually saying, gracreavix said that if someone already have the mindset of holding for a very long time then it automatically means they will have to be patient till they get to there desire target because long term holding already means patient and anyone who sells before the desire time could be problem from their emergency funds or they are traders in disguise.

Don't get it wrong, we don't make use of our emergency funds alongside with our long term investment rather emergency funds is there to take care of any emergency or unforseen circumstances that may come up. Emergency funds is what sustain our investment from crashing  because no emergency funds no investment.

[AirtelBuzz]

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

I agree that patience and self discipline play important roles in investing, especially in something like Bitcoin, that changes price. However, being patient is not the only way to succeed in Bitcoin investments. You might be patient yet still lose money if you lack the right knowledge or invest without any proper research. Moreover, not everyone can afford to wait for a long time, some people can have an emergency or another life situation, so this idea of a long period does not work for those who do not set down emergency funds before investing. That is why I believe that patients should come with planning, and learning to make better choices. Of course, patience is important, but it is not the only key to successful Bitcoin investing.

Maybe belief in investment in Bitcoin and gradually is considered with the criteria of experience, even if your goal is to be firm, then it may be less likely to be deprived of that investor meaning that the investor is less likely to back down. This quote has true value in that patience and self-discipline play an important role in investing. In fact, patience becomes our main investment tool when the entire market collapses, that is what we call the bad influence that causes the market candles to be red. I think self-discipline is one of the best motivators in investing because it acts as a superpower within everyone for example we should do what is right for us and avoid what we should not do. I often hear my university's Bengali department teacher say that self-discipline can be a great help in helping people achieve success in their professional lives. In that context it seems that the above quote could be a helpful indicator in increasing the value of investments.