Roseline492
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November 01, 2023, 09:28:16 PM |
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the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich,
Well I don't really know your interpretation or definition of being rich or poor, but however I believe the point they are actually trying to make is that know matter how the Bitcoin price may rise the opportunity for the poor or rather less privilege to accumulate Bitcoin will always be there because unlike other stock investment that requires buying or investing on a larger amount of money but Bitcoin does not discriminate in times of amount of money used for the accumulation. So however it doesn't necessarily mean that the less privilege most accumulate using $5 on a weekly basis perhaps if they cannot afford that amount they could easily re strategize that since they cannot afford $5 on weekly basis they could extend there accumulation to two weeks or three weeks so that it will enable them save enough money before the two weeks will reach. So whichever way we evaluate it there would always be no discrimination in times Bitcoin accumulation.
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Riginac111
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November 01, 2023, 10:52:03 PM |
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For some of you that wants accumulate their bitcoin and also want to make profit in bitcoin investment do you know that this is another opportunity we also have to invest in bitcoin because its like from any time soon bitcoin price will increase since we are approaching a bullrun, some of us realise our mistakes when it's too late, but now the price of bitcoin is still in 34k I think it will increase more than this particular price in future
Accumulating your bitcoin is your plan and your predictions beyond other people predictions in bitcoin investment, and you don't need to be poor or rich before you can invest in bitcoin for long-term, its your zeal and courage will know if you real want to accumulate your bitcoin, because sometimes some of us think that to invest in bitcoin and make a profit its most you most be a rich person, but some rich men and women will not like to take such risk
Let us remove the mentality that it's only the rich can invest in bitcoin for long time, we should also try to know that bitcoin investment is something that we strategies and also take a risk in it, knowing that two things are involve for the investment, but now is another opportunity we have to invest more in bitcoins against 2025 bullrun
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Samlucky O
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November 02, 2023, 12:06:02 AM Merited by fillippone (1) |
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For some of you that wants accumulate their bitcoin and also want to make profit in bitcoin investment do you know that this is another opportunity we also have to invest in bitcoin because its like from any time soon bitcoin price will increase since we are approaching a bullrun, some of us realise our mistakes when it's too late, but now the price of bitcoin is still in 34k I think it will increase more than this particular price in future
There is always an opportunity to invest in Bitcoin. I think bitcoin has attended the alll time high of about $67k and also all time low of about $18k earlier this year and now $34k that is a warning to tell you that it has the potential to attained the previous hight and even more. Bitcoin has been an opportunity for a long time. except for those that don't know it's value, and never give it a trial. Bitcoin in never a regrettable investment. Accumulating your bitcoin is your plan and your predictions beyond other people predictions in bitcoin investment, and you don't need to be poor or rich before you can invest in bitcoin for long-term, its your zeal and courage will know if you real want to accumulate your bitcoin, because sometimes some of us think that to invest in bitcoin and make a profit its most you most be a rich person, but some rich men and women will not like to take such risk
Bitcoin knows no boundaries wether rich or poor. There is a saying that " don't despise the days of your little beginning" Bitcoin does not know rich or poor I even see it as an opportunity for the poor. Bitcoin accumulation should not be a do or die, but it's a must necessary to aquire. Because it's the future. Let us remove the mentality that it's only the rich can invest in bitcoin for long time, we should also try to know that bitcoin investment is something that we strategies and also take a risk in it, knowing that two things are involve for the investment, but now is another opportunity we have to invest more in bitcoins against 2025 bullrun
Talking about Risk, life itself is a risk and those who chose to take The risk always see light at the end of the tunnel. And take note we are not only investing for 2025 bullrun run according to you, but investing for the future.
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barisbilgili
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November 02, 2023, 01:09:18 AM Merited by fillippone (1) |
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the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.
Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use. With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.
Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.
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SeriouslyGiveaway
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November 02, 2023, 03:36:01 AM |
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Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs once such wealth is achieved..
- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments, especially in Bitcoin and the still relatively young cryptocurrency market. At this point, with my confidence firmly established, it's evident that Bitcoin holds the potential for the future. The likelihood of its complete collapse is almost negligible, but that doesn't mean it's entirely risk-free; even depositing money in a bank carries some financial risk. - To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.
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Hatchy
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November 02, 2023, 03:52:17 AM Merited by JayJuanGee (1) |
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- To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.
Or you can actually invest that same amount in Bitcoin for 5 years and expect more profits mate. $200,000 is a very large amount and in my country now is about 230,000,000 worth of naira and that's a hell lot of fortune. who told you that the bank will be much safer? They will only display the digits for you on your account while they loan out your money making profits off it. In the next 5years, you will actually be making the bank richer while you loss a life long investment you would have gained if you bought Bitcoin and left it for that same period of time. You might even be lucky enough to get your investment back. I've heard of if situations where some persons claims to have left their money in banks and upon returning they found out that the bank managers or so had emptied their account and left without a trace. I would advice you to reconsider how you would choose to save that money ($200,000) for the next 5years. That because I don't find any state of rest here just as you've mentioned in your post.
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YUriy1991
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November 02, 2023, 04:24:17 AM Merited by JayJuanGee (1) |
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the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.
Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use. With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.
Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make. In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money. Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages.
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Jaycoinz
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I don't!, no stash for trading all that just for BTC investment and HODLing so on, how to accumulate using DCA strategy.... 30% of monthly income for BTC investment and the rest for living and other needs.
Nice to see that you've got the status to put 30% of your monthly income to BTC and you're firm in holding that. You are right with the implication that 30% is a lot to be investing into bitcoin and/or otherwise saving, jossiel.. Most people have trouble saving any income and frequently, 10% of their income can be a reasonable and even a somewhat aggressive target for a lot of people (even though surely some people have more discretionary income than others and if they make a lot of money, sometimes they can live a kind of minimalist lifestyle and end up getting up to decently high savings/investing levels). Many of the normies can make quite a bit of progress just by going from near or at 0% to 10%, and surely if they can invest/save more than 10%, then the is o.k. as long as their other financial matters are in order. Although it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood. Your country does not matter. You have to consider your own particular circumstances... sure there might be some difficulties in upgrading your income, but still the percentages depend upon your own situation and how well you are able to make sure that you are investing enough without over doing it.. . and like other members mentioned, there might be some months in which you are only able to do 5% and other months in which you can do more than 20%, and there might even be strategies that you employ that allow you to attempt to be creative and even to plan things out like greyhats mentioned above the use of Excel and/or google spreadsheets to really attempt to be granular in regards to what you are doing, if you believe that it might be more helpful than sometimes figuring out ways to increase your cashflow by a bit more or reducing your expenses or other things like that. I don't know much about holding Bitcoin since I was a victim of that fear that caused me not to actually buy Bitcoin and hold it, but upon reading most of the reply and comments here I find it very intriguing to see someone Complain about the situation of his country and how someone can over invest and it will be of negative effect to that person, well for reason I will like to think that what you have said is the truth @JayJuanGee, because it's normal to miscalculate in an investment, pardon me if I want to outside Bitcoin investment because such mistake can happen in other investment too so your Bitcoin investment shouldn't be something you will use to inconvenience yourself since you are the one planning and saving the BTC and you are the one working the money, I think you should know the specific amount or percent that will be convenient for you not to be a problem to your everyday expenses and besides we all know that nobody plans for emergency spending so like what sir JayJuanGee said, some month you can meet the specific target while some you don't and invest lower so if it's up to me I will just add whatever I missed during the previous saving to my investment once the funds is available since am buying the Bitcoin on a daily, weekly or monthly basis depending on your type of earning. I have really learnt alot about DCA and other of investment in Bitcoin through this thread and all of them still drives to one major discipline which is, if you want to be a successful Bitcoin investor, it's just a matter of simply buying the Bitcoin, I think the issue of how well can you HODL is also there so before ever going into an investment proper strategy and planning must be followed.
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Riginac111
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November 02, 2023, 04:34:24 AM |
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There is always an opportunity to invest in Bitcoin. I think bitcoin has attended the alll time high of about $67k and also all time low of about $18k earlier this year and now $34k that is a warning to tell you that it has the potential to attained the previous hight and even more. Bitcoin has been an opportunity for a long time. except for those that don't know it's value, and never give it a trial. Bitcoin in never a regrettable investment.
Theirs some of the opportunities that is supper opportunity despite no time we invest invest that is not good to invest in bitcoin, so I think that they will be a bullrun that is above the bullrun that has happened before....and only way people who do not have much money to accumulate bitcoin can do is to take it gradually for investing in bitcoin its dip and wait for the bullrun When you looked at the bitcoin price right now you can see a sign of bitcoin increasing more, because the way I'm seeing this November it seems that increment of bitcoin will manifest again, so to make profit in 2025 you have to target to accumulate your bitcoin with your cash and later run if the bull manifest you have a supper accumulations of bitcoin.
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Salahmu
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November 02, 2023, 07:27:17 AM Merited by JayJuanGee (1) |
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Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.
In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money. Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages. It seems you don't understand the discussion, if you read very closely you will see that the discussion is not about the importance or the need to understand the technical analysis for trading, he is actually talking about investment risk awareness because in as much as bigginers sees Bitcoin as the best investment they should also be aware of the risk involved and how to manage those risk and also to diversify into DCA strategy in other to enable them be on a safer side. However from your comments you seems very interested on trading Bitcoin, considering the risk of trading and chasing the market price perhaps why don't you chose to invest on Bitcoin and hold instead of gambling with the possibility of losing everything, because in as much as you may feel that trading is very profitable that's how the risk and chances of losing out is also very high, so perhaps to be on a safer side it is advice able to use DCA strategy that guides you on how to accumulate with risk free and capital management.
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JayJuanGee
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November 02, 2023, 01:47:58 PM |
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Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs once such wealth is achieved..
- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments, Your ways of choosing how to accumulate bitcoin is surely within your discretion, and some of the ways will work out better in terms of balancing finances and/or psychology.. and so it could take a bit of time for you to narrow down on what is best for yourself, since it seems that sometimes a person might not build a lot confidence in himself/herself in terms of finances and/or psychology until maybe after going through a whole cycle... yet of course, you are in the better position to make those kinds of assessments. especially in Bitcoin and the still relatively young cryptocurrency market.
You are likely a bit distracted if you are trying to consider bitcoin in terms of "the crypto" market, and hopefully you are not too distracted (trying to be smarter than everyone else) by getting involved financially, time-wise and/or energy wise to be "studying" the shitcoin space.. and then believing that there is some kind of a "need" to assess the "crypto" market, rather than focusing on bitcoin first and then perhaps branching out from there... but hey, you are free to look at the matter however you like, but if you are bring shitcoin talk into this thread by suggesting that bitcoin is somehow part of a larger "crypto" movement and/or market, you likely are going to get some backlash. At this point, with my confidence firmly established, it's evident that Bitcoin holds the potential for the future. The likelihood of its complete collapse is almost negligible, but that doesn't mean it's entirely risk-free; even depositing money in a bank carries some financial risk.
Fair enough.. a few seeming exaggerations in there, but I don't disagree with any of your overall points. - To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.
That seems a bit much, and also borders on the grounds of unbelievable.. and I am not referring to the amount, but instead that either someone would have 5 years of expenses in a bank account or even believe that would be a good practice. Many financial experts talk about having 6 months available, and so sometimes people might go a bit above that and a bit below it, and surely if you have instability in terms of expenses or many family members and/or even a business and some uncertainties than it might be reasonable to hold up to a couple of years, but 5 years, just seems like a BIG waste and not even necessary, reasonable, prudent and/or practical for the vast majority of normal people, whether rich or poor. I don't!, no stash for trading all that just for BTC investment and HODLing so on, how to accumulate using DCA strategy.... 30% of monthly income for BTC investment and the rest for living and other needs.
Nice to see that you've got the status to put 30% of your monthly income to BTC and you're firm in holding that. You are right with the implication that 30% is a lot to be investing into bitcoin and/or otherwise saving, jossiel.. Most people have trouble saving any income and frequently, 10% of their income can be a reasonable and even a somewhat aggressive target for a lot of people (even though surely some people have more discretionary income than others and if they make a lot of money, sometimes they can live a kind of minimalist lifestyle and end up getting up to decently high savings/investing levels). Many of the normies can make quite a bit of progress just by going from near or at 0% to 10%, and surely if they can invest/save more than 10%, then the is o.k. as long as their other financial matters are in order. Although it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood. Your country does not matter. You have to consider your own particular circumstances... sure there might be some difficulties in upgrading your income, but still the percentages depend upon your own situation and how well you are able to make sure that you are investing enough without over doing it.. . and like other members mentioned, there might be some months in which you are only able to do 5% and other months in which you can do more than 20%, and there might even be strategies that you employ that allow you to attempt to be creative and even to plan things out like greyhats mentioned above the use of Excel and/or google spreadsheets to really attempt to be granular in regards to what you are doing, if you believe that it might be more helpful than sometimes figuring out ways to increase your cashflow by a bit more or reducing your expenses or other things like that. I don't know much about holding Bitcoin since I was a victim of that fear that caused me not to actually buy Bitcoin and hold it, but upon reading most of the reply and comments here I find it very intriguing to see someone Complain about the situation of his country and how someone can over invest and it will be of negative effect to that person, well for reason I will like to think that what you have said is the truth @JayJuanGee, because it's normal to miscalculate in an investment, pardon me if I want to outside Bitcoin investment because such mistake can happen in other investment too so your Bitcoin investment shouldn't be something you will use to inconvenience yourself since you are the one planning and saving the BTC and you are the one working the money, I think you should know the specific amount or percent that will be convenient for you not to be a problem to your everyday expenses and besides we all know that nobody plans for emergency spending so like what sir JayJuanGee said, some month you can meet the specific target while some you don't and invest lower so if it's up to me I will just add whatever I missed during the previous saving to my investment once the funds is available since am buying the Bitcoin on a daily, weekly or monthly basis depending on your type of earning. I have really learnt alot about DCA and other of investment in Bitcoin through this thread and all of them still drives to one major discipline which is, if you want to be a successful Bitcoin investor, it's just a matter of simply buying the Bitcoin, I think the issue of how well can you HODL is also there so before ever going into an investment proper strategy and planning must be followed. Well hopefully you are putting your ideas into practice Jaycoinz.. especially since you mentioned that you had not been buying BTC, and surely some principles of investing are going to apply to other assets as well as bitcoin, but there are also some unique attributes of bitcoin that could cause you to go wrong if you are trying to consider bitcoin as just some other random investment when it happens to be a paradigm shifting phenomena that never previously existed, so in that regard, bitcoin becomes much BIGGER of a deal and a different category from other investments, even though any one investing into bitcoin may well still need to take similar kinds of risk management and cashflow precautions when investing in bitcoin as compared with other ways that s/he might invest, but the likely asymmetric nature of bitcoin as an investment may also contribute to some slightly different considerations too, in terms of the compellingness to at least put something into it rather than either sitting on the sidelines or even being way too overly whimipy about your BTC investment approach.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Sim_card
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the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.
Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use. With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.
Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make. In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money. Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages. You are deviating from investing and talking about trading. Bitcoin investment don't need any technical analysis because what you should do as a beginner, is just to buy your bitcoin, hodli and keep on accumulating more bitcoin through DCA regularly. Trading is the opposite to investment, this is because a trader is not ready to take time to grow his bitcoin investment portfolio for a very long period of time, rather they prefer to find all means to sell their bitcoin that would have given them a good amount of profit of they have hodli. It is easy to invest and your profit will be certain in the long term. The volatile nature of bitcoin makes it profitable for long term investors and makes short term investors to miss out due to greed. I will like you to see bitcoin long term investment as a pratical action of you only putting little part of money in your saving box everytime that you get paid, and continue with this action for 10yrs. You will be surprised with how much that you have gathered over the long period of time. It is this same way that investing in bitcoin for a long term is. You don't care about whatever anyone is saying but you are always buying bitcoin when you have money. The best of it that makes bitcoin invest worth investing is that your money that you were keeping inside your saving box will not bring you any profit but just the exact amount that you were putting there, but bitcoin investment will increase and multiply your portfolio based on how much that you have saved altogether and the timeline. Isn't it a great means to get good profits for just keeping your savings in bitcoin. I was surprised this morning when I saw bitcoin price at 35+ and when I checked my bitcoin investment, I saw the profit that it has accumulated because since I started my bitcoin journey, I have seen this price. I just sat on my bed and was laughing and happy to continue accumulating and hodli because it was like magic and I decided to call bitcoin magic money. If you haven't bought yet, it is not too late as there is still big opportunity for you to make good profit if you buy now and hodli with DCA because bitcoin is real and no need to panic about the risk involved in it because the profit is bigger than the risk when you are a hodler. If you are a trader, you should stop trading and benefit from bitcoin by investing and keeping your bitcoin for a very long time. This is because bitcoin price will pump till infinity and bitcoin sold has a very slim chance of getting it back at that price that you bought it initially.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Benedictare
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November 02, 2023, 02:43:51 PM Merited by JayJuanGee (1) |
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Irrespective of who you are Bitcoin has made it easier for whoever is interested to DCA no matter how big or little your income is, investing in Bitcoin is a very good step in one's life. In budgeting for the month you need to be very careful and determined to invest so that it will not affect your duties and emergencies towards your relatives from your income.
The reason why some persons finds it to invest is because of the way they planning and budgeting, also your management strategies, don't spend money on unnecessary things not needed at all or for that time, some persons find it difficult and are not used to investment from their income ,those kind of persons no matter how you convince them, they will not, but some have it in mind but manage their income before you know it the money is finished.
For the average and the poor Considering 5% - 10% of your income is more better to DCA anything above that can be dangerous to your livelihood because you have alot of responsibiliy for the month to meet. Saving within these range is comfortable
Saving 30% and above of your income is good for persons with a very fat income also it depends on the individuals ,it is easier and better to invest from small and you grow bigger because investment has to do with your mindset and been knowledgeable about the business ,so it is better you save acaccording to your income and what you are comfortable with in investing in DIP and HODL.
In these ways you will be able to save for a long period of 10 years and more without affecting your monthly responsibilities.
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nara1892
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November 02, 2023, 05:55:12 PM |
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Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs once such wealth is achieved..
- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments, Your ways of choosing how to accumulate bitcoin is surely within your discretion, and some of the ways will work out better in terms of balancing finances and/or psychology.. and so it could take a bit of time for you to narrow down on what is best for yourself, since it seems that sometimes a person might not build a lot confidence in himself/herself in terms of finances and/or psychology until maybe after going through a whole cycle... yet of course, you are in the better position to make those kinds of assessments. Of course everyone has their own way that they think it would be better to do or apply to their bitcoin accumulation, I will not prohibit or even blame them because of course everyone has their own control over what they do, and also of course hopefully you apply the best way and also hopefully you have really proven that the method is indeed good and effective after considering from various sides, try you can form a good financial and psychological balance with the method you choose. One of the actions to make us more confident in terms of finance or psychology before finally getting involved in accumulation in my opinion by understanding everything in bitcoin, if your perspective is completely positive on bitcoin along with the potential and risks that are there then I think do it, start your accumulation, allocate what you can be responsible for whatever will happen, make the best plan that allows it to be profitable, prepare good management according to you. although yes I understand there will always be concerns in but you will never feel the benefits if you don't try / get involved in the investment.
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rachael9385
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the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.
Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use. With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.
Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make. In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money. Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages. You are deviating from investing and talking about trading. Bitcoin investment don't need any technical analysis because what you should do as a beginner, is just to buy your bitcoin, hodli and keep on accumulating more bitcoin through DCA regularly. Trading is the opposite to investment, this is because a trader is not ready to take time to grow his bitcoin investment portfolio for a very long period of time, rather they prefer to find all means to sell their bitcoin that would have given them a good amount of profit of they have hodli. It is easy to invest and your profit will be certain in the long term. The volatile nature of bitcoin makes it profitable for long term investors and makes short term investors to miss out due to greed. I will like you to see bitcoin long term investment as a pratical action of you only putting little part of money in your saving box everytime that you get paid, and continue with this action for 10yrs. You will be surprised with how much that you have gathered over the long period of time. It is this same way that investing in bitcoin for a long term is. You don't care about whatever anyone is saying but you are always buying bitcoin when you have money. The best of it that makes bitcoin invest worth investing is that your money that you were keeping inside your saving box will not bring you any profit but just the exact amount that you were putting there, but bitcoin investment will increase and multiply your portfolio based on how much that you have saved altogether and the timeline. Isn't it a great means to get good profits for just keeping your savings in bitcoin. I was surprised this morning when I saw bitcoin price at 35+ and when I checked my bitcoin investment, I saw the profit that it has accumulated because since I started my bitcoin journey, I have seen this price. I just sat on my bed and was laughing and happy to continue accumulating and hodli because it was like magic and I decided to call bitcoin magic money. If you haven't bought yet, it is not too late as there is still big opportunity for you to make good profit if you buy now and hodli with DCA because bitcoin is real and no need to panic about the risk involved in it because the profit is bigger than the risk when you are a hodler. If you are a trader, you should stop trading and benefit from bitcoin by investing and keeping your bitcoin for a very long time. This is because bitcoin price will pump till infinity and bitcoin sold has a very slim chance of getting it back at that price that you bought it initially. Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly. Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it
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Sayeds56
Copper Member
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stead.builders
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November 02, 2023, 07:45:45 PM |
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Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly. Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it
Certainly, Bitcoin investors can take different approaches to their investment strategies, and not everyone needs to engage in technical analysis. Nevertheless, an individual with expertise in technical analysis and possessing sufficient experience can make leverage his/her skills to make well-timed entries potentially accumulating Bitcoin at more favorable prices and thereby reduce overall investment costs.
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Hatchy
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November 02, 2023, 07:59:06 PM Merited by JayJuanGee (1) |
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Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.
Hodling Bitcoin for the long term is not the same as trading it. If your main goal is to hold onto and gather as much Bitcoin as you can, learning about the technical analysis of Bitcoin might not be necessary. It's not a bad thing to learn, but it might make it challenging to save and hold onto your Bitcoin for a long time if you're constantly using your funds to trade, and trading involves risks with no guaranteed profits. Someone investing in Bitcoin should focus on securing their funds as that's the most important thing every Bitcoin investor should understand.
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ginsan
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November 02, 2023, 08:50:49 PM Merited by JayJuanGee (1) |
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Hodling Bitcoin for the long term is not the same as trading it. If your main goal is to hold onto and gather as much Bitcoin as you can, learning about the technical analysis of Bitcoin might not be necessary. It's not a bad thing to learn, but it might make it challenging to save and hold onto your Bitcoin for a long time if you're constantly using your funds to trade, and trading involves risks with no guaranteed profits. Someone investing in Bitcoin should focus on securing their funds as that's the most important thing every Bitcoin investor should understand.
Maybe what you said is quite correct because if they are long-term Bitcoin investors they don't need any tactics in chart analysis strategies to make Bitcoin purchases because they can buy gradually with DCA at each stage. Another thing like what Saylor has done is where he doesn't care about the price because he buys and accumulates BTC in his portfolio. Apart from that, the most profitable purchase is of course to wait for the price to dip and hold for the long term as in the main discussion of this thread. Every Bitcoin investor, whether they play in the long term or short term, definitely wants to achieve big profits on the investments they have made so far. I think basically those who bought at the $15K dip of course they have made quite a big profit from this rising moment. Maybe the big dream is $100k in the next few years and all of that will be a big win if the holders are able to hold BTC until BTC reaches $100k.
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Riginac111
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November 02, 2023, 08:59:23 PM |
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Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly. Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it
Certainly, Bitcoin investors can take different approaches to their investment strategies, and not everyone needs to engage in technical analysis. Nevertheless, an individual with expertise in technical analysis and possessing sufficient experience can make leverage his/her skills to make well-timed entries potentially accumulating Bitcoin at more favorable prices and thereby reduce overall investment costs. I seem that the favourable time to invest in bitcoin for accumulation is when it's in dip time, and nobody invest in bitcoin without target or timing, we have to understand the procedures of technical observations of bitcoin so that when you invest to accumulate bitcoin and your target will be achieved. What makes people to lose during investment is the timing, because when you don't know the technical aspects of bitcoin and mostly the time of bearish occurrence and time of bullrun occurrence and you invest, whatever you see is your expectations because you don't have a target. A bitcoin accumulation can be achieved when you target the bearish season and invest more and wait for when the price of bitcoin will rise, so their is something I understand in investment despite investment is all of risk, so you have to have a plan and target before you invest neither technically or manually.
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Hewlet
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November 02, 2023, 09:01:24 PM |
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- To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.
I feel that this is a miscalculated plan because government policy might change anytime and all your funds in the bank will become affected and your supposed peace of mind will be taken away from you. In my country, there was a time when the central bank decided that no one was allowed to withdraw up to a certain amount and it affected those that saved huge amounts of money in the bank. But imagine you converted a reasonable amount of your wealth into crypto assets, no government regulation or decision will affect you. Plus, $200,000 is a huge amount of money that you can decide to hodl a reasonable fraction of it while saving the ones you will need for your upkeep. The fluctuation shouldn't bother you that much if you don't invest all of the $200,000. oncest part of it and patiently wait till the returns become something reasonable
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