Buy the DIP, and HODL!

[iamsange]

The key is to secure a steady income before diving into Bitcoin investment to avoid using up your investment before making a profit. Your investment amount can vary based on your financial stability. I appreciate those who plan ahead, as It helps get one prepared for unseen situations.

There are two important keys to investing if someone has set their intentions strong enough to invest in Bitcoin for the long term. The first thing that a Bitcoin investor must have is knowledge which includes the best ideas and also includes a strong mentality so that he will not easily panic and get down when he sees bad news regarding the crypto space. And the second is sufficient money, meaning that any money put into the investment is no longer related to other things in life because he has provided other money as a reserve for his own living needs.

Before delving into Bitcoin, it's crucial to calculate your expected income and total funds available for investing. Starting with an amount you can afford to lose helps manage market fluctuations without risking your financial well-being. Diversifying your portfolio and having a clear strategy are essential to handle both positive and negative market trends. Also, being ready for unexpected events beyond the market is crucial for a comprehensive financial approach.

I can quite understand what you are saying because everyone faces real life with various financial expenses. But to learn Bitcoin I don't think someone needs to have money first or income first and then calculate it unnecessarily. Because Bitcoin does not require everyone to have money first in order to learn and understand it well enough. And besides, nowadays there are many beginners who are studying Bitcoin quite hard and I am also quite sure that not all of them have money even though they have started studying Bitcoin.

[1714630973]

1714630973

[1714630973]

1714630973

[adultcrypto]

There is nothing wrong to do this (gambling) with small amounts of money, but there is also a need to have enough cashflow coming in to be able to pay for expenses.. and surely sometimes, someone might have a small portion of their investment (such as less than 10% or there might be various ways to measure how to put limits on oneself) that they put into a kind of bet that the price will go up and then they will have a plan to cash out at a certain price or within a certain timeframe that it taking chances, but maybe they are taking chances, but not so much chances that they are not able to cover their little gambling inclination.. yet part of the problem is getting carried away and doing too much.. which is not always clear about going too far until an emergency situation comes and there is a lack of preparation for the emergency situation because too many of the emergency funds were put at risk.

For my own personal opinion, I think it's best not to even try and trade some of your Bitcoin for extra earning because I think that's where you are driving at because I doubt if you won't be carried away if actually you secured some little at trying one or two times, there is no guarantee that it will continue and that would be risking your Bitcoin because if the whole situation turns sideways and instead of profits you amount loses then for sure you if didn't plan well you will definitely end up touching your holding just as you mentioned to solve unexpected events as the money for such was not properly set for.

Unfortunately,  many traders are trapped in this process. At the beginning, trading seems so easy as you will easily make profit for the method you have adopted. This initial ease of profit is what make many people to discard risk management and be overwhelmed by greed under the pretext "easy money". It is after a while it begins to get tougher for the trader as everything will magically begin to fail, the once efficient strategy will become a losing pathway. At this point, the trader will seek a new method and the cycle continues.

The challenge with trading is consistency. This is where many traders fail, hence, why trading is very risky. It is actually few traders that have achieved consistency in trading and are actually making profits. The rest are winning and losing and at the end, the capital is being depleted.

So it is safer to go with long term holding that requires minimal efforts and can yield greater returns with lesser risk exposure.

[MusaPk]

For someone who has a long-term investment plan in bitcoin, and doesn't have another side hustle that pays them daily or monthly will be the one to sell their bitcoin at a loss price because they need money to solve a problem. But for Someone who has a long-term investment plan in bitcoin and a side hustle that pays them, will not be forced to sell their bitcoin at a loss price, compared with the individual who doesn't have a job or side hustle.

It is appalling that some investors are no longer investing in bitcoin with the money they can't afford to lose. They are not investing money for their needs just because they heard of the bull run is coming and they forget to save up some for the rainy days when problems come 

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

[Patrol69]

For someone who has a long-term investment plan in bitcoin, and doesn't have another side hustle that pays them daily or monthly will be the one to sell their bitcoin at a loss price because they need money to solve a problem. But for Someone who has a long-term investment plan in bitcoin and a side hustle that pays them, will not be forced to sell their bitcoin at a loss price, compared with the individual who doesn't have a job or side hustle.

It is appalling that some investors are no longer investing in bitcoin with the money they can't afford to lose. They are not investing money for their needs just because they heard of the bull run is coming and they forget to save up some for the rainy days when problems come 

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing. 

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K. 

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days. 
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

[JayJuanGee]

For someone who has a long-term investment plan in bitcoin, and doesn't have another side hustle that pays them daily or monthly will be the one to sell their bitcoin at a loss price because they need money to solve a problem. But for Someone who has a long-term investment plan in bitcoin and a side hustle that pays them, will not be forced to sell their bitcoin at a loss price, compared with the individual who doesn't have a job or side hustle.

It is appalling that some investors are no longer investing in bitcoin with the money they can't afford to lose. They are not investing money for their needs just because they heard of the bull run is coming and they forget to save up some for the rainy days when problems come 

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing. 

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K. 

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days. 
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

If you are fairly new to investing and you are focusing on having bitcoin as one of your early (or beginning) investments, then you likely need to continue to buy bitcoin at whatever price it is at until you build up to a certain amount of bitcoin that starts to cause you to feel that you have enough in order to let off and perhaps invest into other assets, and gosh even if you been investing into bitcoin for one or two years as a newbie investor (and you did not lump sum into it), it hardly could be the case that you are even close to having a whole year's salary and/or expenses into bitcoin, so it is difficult to say that you are overinvested if you do not have at least a year's investment into bitcoin, even if you do not have any other investments.

At the same time, each of us has to make these kinds of decisions for ourselves, including if someone had never spent any time building up savings/investments, then s/he might not really know how to deal with both the fact that their investment is starting to get large and that it amounts to way more money than they have ever had access to previously.... so in that regard, it becomes even more and more important to make sure that your investment is secure.. and surely privately held would be better than holding much of your investment with third parties.. Personally I don't have any problem with the idea of holding your investment with third parties when you are just getting started, but the longer that you are in bitcoin, maybe even 6 months or more, there is likely going to be some needs to make sure that you know how to hold a decent amount (maybe even 80% to 90% of your bitcoin stash within your own control.. yes that takes responsibility, but it seems to become more and more important as your BTC holdings grow in value both from your ongoing injection of cash into it and also from potential periods like our current one, in which the value of your BTC holdings may well be going up based on BTC price appreciation.

[fzkto]

For someone who has a long-term investment plan in bitcoin, and doesn't have another side hustle that pays them daily or monthly will be the one to sell their bitcoin at a loss price because they need money to solve a problem. But for Someone who has a long-term investment plan in bitcoin and a side hustle that pays them, will not be forced to sell their bitcoin at a loss price, compared with the individual who doesn't have a job or side hustle.

It is appalling that some investors are no longer investing in bitcoin with the money they can't afford to lose. They are not investing money for their needs just because they heard of the bull run is coming and they forget to save up some for the rainy days when problems come 

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

It all depends on experience. I would rather not sell now because I am not sure how long this growth will continue. But I know that after halving a new cycle will start, and if I sell now, I may lose the opportunity to buy cheaper later. And someone more experienced can buy and sell in time.

[Bd officer]

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing.  

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K.  

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days.  
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

Actually investing in bitcoins should be done like you do. Maybe there are many people who bought Bitcoin when it was $25-30k, maybe they sold Bitcoin in this short bull market and maybe they hope to buy Bitcoin again when the market goes down. Those who think like this should keep in mind that Bitcoin prices may not go down any further.

I had a friend who bought bitcoin when it was 27k. But he came to me for advice to sell after seeing bitcoin price at $44k, I told him to hold for another 1-2 years. But he didn't listen to me and finally sold the bitcoins, he will wait again when the price of bitcoins goes down and buy again.

Those who couldn't handle the greed sold Bitcoin in this short bull market. Those who cannot control their greed in this small bull market will not be able to make much profit. At this time Bitcoin should be held patiently without selling. Bitcoin halving next year, we all know after bitcoin halving bitcoin price goes up a lot. So do not sell bitcoins and hold them at this time.

[JayJuanGee]

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing.  

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K.  

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days.  
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

Actually investing in bitcoins should be done like you do. Maybe there are many people who bought Bitcoin when it was $25-30k, maybe they sold Bitcoin in this short bull market and maybe they hope to buy Bitcoin again when the market goes down. Those who think like this should keep in mind that Bitcoin prices may not go down any further.

I had a friend who bought bitcoin when it was 27k. But he came to me for advice to sell after seeing bitcoin price at $44k, I told him to hold for another 1-2 years. But he didn't listen to me and finally sold the bitcoins, he will wait again when the price of bitcoins goes down and buy again.

Those who couldn't handle the greed sold Bitcoin in this short bull market. Those who cannot control their greed in this small bull market will not be able to make much profit. At this time Bitcoin should be held patiently without selling. Bitcoin halving next year, we all know after bitcoin halving bitcoin price goes up a lot. So do not sell bitcoins and hold them at this time.

Yep.. very problematic mindset, and also we have a decently large history of those kinds of guys who end up bitter as fuck about bitcoin because they end up not getting as much DOWNity as they thought that they were going to get in order to buy back in, and then they end up waiting, waiting and waiting, and sure some of them might end up buying back in, instead of being bitter, but many times, they just don't have a proper kind of perspective to appreciate the power of the investment that they are in.

Accordingly, I frequently say people can do whatever they want, but at the same time, it is likely way better to not even thinking about playing around with selling until you get to a decently large (and perhaps even too much of a) BTC accumulation level..and even if many of us talk about various guidelines for when that might be or how much that might be, it is up to each of us to figure out those kinds of balances regarding how much is enough and how much is too much... and try NOT to get greedy in these kinds of calculations with the realization that any BTC that you sell may well end up never being able to be bought back, so keep in mind that any amount that you sell may well end up depleting your BTC portfolio size and be willing to accept that as a consequence of selling and taking the chances that the BTC price may well not go down from the point of the sale.

[Litzki1990]

For someone who has a long-term investment plan in bitcoin, and doesn't have another side hustle that pays them daily or monthly will be the one to sell their bitcoin at a loss price because they need money to solve a problem. But for Someone who has a long-term investment plan in bitcoin and a side hustle that pays them, will not be forced to sell their bitcoin at a loss price, compared with the individual who doesn't have a job or side hustle.

It is appalling that some investors are no longer investing in bitcoin with the money they can't afford to lose. They are not investing money for their needs just because they heard of the bull run is coming and they forget to save up some for the rainy days when problems come 

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing. 

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K. 

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days. 
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

Those who are new investors should follow your investment method. You have followed the best investment strategy here and I appreciate your investment strategy. Many new investors think that they need to gather a good amount of money first and then invest with the whole amount, but you have proven by investing in a different strategy that investing in Bitcoin does not require a lot of money.

I follow your path when it comes to catching up on my investments because I don't end my investments once I invest but rather I keep my investment streak going. 
When it comes to investing, sometimes we need to make decisions from different strategies and different schools of thought. It's not bad at all if you can succeed by doing something different instead of doing the same thing that everyone else is doing. You started investing when the price of Bitcoin was between $20,000 and $25,000 to catch up and you continued your investment until the current state of the market. 

Since you are planning to hold your investment for long term, I need not say anything new about holding investment for long term. You can share the investment strategy you are using with other new investors who come to you to learn about investing. I think buying bitcoin step by step and increasing your investment amount is not only followed by new investors but old investors may follow this strategy.

[Salahmu]

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing.  

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K.  

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days.  
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

Actually investing in bitcoins should be done like you do. Maybe there are many people who bought Bitcoin when it was $25-30k, maybe they sold Bitcoin in this short bull market and maybe they hope to buy Bitcoin again when the market goes down. Those who think like this should keep in mind that Bitcoin prices may not go down any further.

I had a friend who bought bitcoin when it was 27k. But he came to me for advice to sell after seeing bitcoin price at $44k, I told him to hold for another 1-2 years. But he didn't listen to me and finally sold the bitcoins, he will wait again when the price of bitcoins goes down and buy again.

Those who couldn't handle the greed sold Bitcoin in this short bull market. Those who cannot control their greed in this small bull market will not be able to make much profit. At this time Bitcoin should be held patiently without selling. Bitcoin halving next year, we all know after bitcoin halving bitcoin price goes up a lot. So do not sell bitcoins and hold them at this time.

That's one of the challenges most panic sellers normally face, at first there intentions will be for holding and as time goes by and they feel that if they sell there Bitcoin now they could realize some profits and wait for the Bitcoin price to drop again before they can start accumulating again, without knowing that is a wrong strategy for investment.

If I'm not mistaken your friend could be a beginner because that's what most beginners who just started accumulating Bitcoin normally do, because I have actually had similar experience with someone close to me whom accumulated a good amount of Bitcoin through the money they paid him on a contract he did so he was looking for an investment to put the money so he decided to channel all the money to Bitcoin when the price was $34k and it was not too long Bitcoin price hit $40k and when he saw the profits on his wallet he started panicking that he wants to sell before the price will drop, so however I told him Bitcoin doesn't work the way he thinks, and the next morning he told me he has sold the Bitcoin with the intentions to buy back at the price of $39k, so I just told him he has made the greatest mistake and since then Bitcoin price has been seriously moving and when he saw the current price now he began to regret.

[Jegileman]

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

Bitcoin investment is not an investment that you rush into selling when their is a small bull in the market. The investment requires patience and emotional mind control for a long term. If your mind is not prepared, you will always get a negative energy and another instinct to sell of your investment so that you don’t be at loss. Bitcoin investment has shown a promising return on investment for years now, it is only the ones that understand how the market works that take advantage of the golden opportunity that bitcoin holds.

[MusaPk]

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing.  

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K.  

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days.  
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

There are not many reliable coins apart from Bitcoin. New coins are launched every quarter with attractive features like improved scalability, innovation in Blockchain. These new coins went up for sometimes and are then lost away in darkness. The reality till date is that we have Bitcoin standing firmly for over a decade and its continuously growing. This makes it ideal for long term investment since we are sure that Bitcoin will be there after 5 years or even beyond that.

You bought it in DCA manner and that's the best way to accumulate Bitcoin. If you have a strategy to accumulate Bitcoin then go and accumulate in that way. There is no need to pay attention to what others are saying as long as you are comfortable. The more we use our brain, the more we learn.

It all depends on experience. I would rather not sell now because I am not sure how long this growth will continue. But I know that after halving a new cycle will start, and if I sell now, I may lose the opportunity to buy cheaper later. And someone more experienced can buy and sell in time.

As I said its all up to you. Go as you like it becasue in the end its you who will bear loss or enjoy profit. If you think its best to hold now then go for it.

Bitcoin investment is not an investment that you rush into selling when their is a small bull in the market. The investment requires patience and emotional mind control for a long term. If your mind is not prepared, you will always get a negative energy and another instinct to sell of your investment so that you don’t be at loss. Bitcoin investment has shown a promising return on investment for years now, it is only the ones that understand how the market works that take advantage of the golden opportunity that bitcoin holds.

Unfortunately most people start selling if they see small profit or see small loss. Such people miss out the bigger opportunity which comes after years of holding your coins. The patience is the first and foremost thing you must have as a Bitcoin investor. One need to spend time here and understand how it works, those who rush here end up losing there money.

[Frankolala]

If I'm not mistaken your friend could be a beginner because that's what most beginners who just started accumulating Bitcoin normally do..

I doubt that it us only beginners that does this, from what I understand, it is the mindset that they used to venture into bitcoin investment that will control your emotion and thoughts. There are still some people that are old in bitcoin that are also carrying out such practice, because they never have any plan to invest for a long period of time and also to have a bitcoin target and how to achieve it.

However, sometimes it works for them and they feel that they are smart but not knowing that they were only lucky to sell at the right time and the price of bitcoin dips to favor them, but most times they make wrong decisions and sell thinking that the price will dip but only for the price to keep pumping and they will regret their actions because they will not be able to buy back till they miss out.

This is why a newbie should have a long-term goal mindset with a bitcoin target, so that s/he can stay focus on accumulating with regular DCA at any time either in the bull or dips to grow his/her bitcoin portfolio. With this, you will never think of selling until you have reached your bitcoin target or very close to your bitcoin target, as long as he has made available emergency funds and reserve funds down.

[Roseline492]

This diagram explains a little bit of how most of the investors react to there investment whenever they see the price of Bitcoin moving this way, the first thing that would come to there mind is that Bitcoin price is about to fall and before they realizes themselves they had already started panicking and even selling there Bitcoin.

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.



Source: https://www.coinbase.com/learn/advanced-trading/reading-financial-charts

[liuka]

If I'm not mistaken your friend could be a beginner because that's what most beginners who just started accumulating Bitcoin normally do..

I doubt that it us only beginners that does this, from what I understand, it is the mindset that they used to venture into bitcoin investment that will control your emotion and thoughts. There are still some people that are old in bitcoin that are also carrying out such practice, because they never have any plan to invest for a long period of time and also to have a bitcoin target and how to achieve it.

However, sometimes it works for them and they feel that they are smart but not knowing that they were only lucky to sell at the right time and the price of bitcoin dips to favor them, but most times they make wrong decisions and sell thinking that the price will dip but only for the price to keep pumping and they will regret their actions because they will not be able to buy back till they miss out.

This is why a newbie should have a long-term goal mindset with a bitcoin target, so that s/he can stay focus on accumulating with regular DCA at any time either in the bull or dips to grow his/her bitcoin portfolio. With this, you will never think of selling until you have reached your bitcoin target or very close to your bitcoin target, as long as he has made available emergency funds and reserve funds down.

Why do they panic, because they put in large amounts of money and they sell quickly because they are not yet strong enough to accept the reality that prices fall quickly. That's the big difference when they put in big money but don't have the strength to hold it any longer. In investing, the money we use is of course money that we do not use for our living needs, so we will be ready to accept whatever risks occur in our investment journey. For those who target fast profits by buying instantly or more aggressively with all the money they have, of course this will be a big risk if they are not ready to see market changes so quickly.

In this thread in a JJG post where JJG says that for beginners it is better to start investing with a smaller value with dca like $10 and can increase it slowly, this is of course to strengthen our mentality in our investment journey. We can't climb the ladder by going through 10 stages because we need to move one step at a time and that's a good strategy for beginners.

[Churchillvv]

Sure if you have long term investment ideas, then you would likely not be selling any of your bitcoin now, but I doubt that the reason would merely be because you expect profits to be guaranteed in the future, but instead that you had made your investment into bitcoin based on a long term investment thesis and you are not merely thinking about short term profits.

A long term investment idea is depend on what you have in mind and your target, some do not calculate the future well and they began to sell their bitcoin, what triggers some people who is inquisitive to sell their bitcoin right as bitcoin is increasing is because they believe on the physical increment of bitcoin and they don't make use of chart to know what the future will yield, secondly, their is different between someone who is into long-term Investing and short-term investing, someone who into short-term investing doesn't think of the future it only be interested of making an instant profit whereas long-term Investing somebody is concentrating into the future and that is why a long-term investor keeping holding it bitcoin knowing that bitcoin might keep adding in value and as bitcoin is adding its making a profit

Put differently, you can not determine a short term investor from a long term holder/investor from one act or in just a single scenario. someone could be a long-term holder and at the same time be selling in a little increment in price, whereas you can not consider them short term investors this can be as a result of a well prepared plan for investment.
Disclaimer; this is an imaginary example
If Churchillvv has a portfolio of which he holds his investment and has a good cash flow, he can as well create another portfolio where he can buy Bitcoin in a relative price and sell during a little increment in price it doesn't stop him from holding his original investment. To further buttress if Churchillvv has a minimum amount of $15k worth of Bitcoin after preparing other funds for his personal activities he can use a $1,500 to buy Bitcoin during the dips and sell via bull season and/or on any increment in price in this scenario he cannot be considered a short-term investor.

But if JJG has the same Bitcoin stash as Churchillvv but sells it all or some at the slittest increase in price he can be considered a short-term investor and/or a Bitcoin gambler because he doesn't not have an alternative portfolio for his gambling. the example above is a mere assumption to differentiate a short-term investor from a long-term investor.

Both the short term investors and the Long term investors doesn't not need a chart to know the future of Bitcoin price as far as the speculated price for Bitcoin has not been met in common sense one should be able to understand that it still has much to come that it has already.
As I have always said you can gamble with your Bitcoin as desired because you have the right to make decisions but it best done when you have a portfolio where you hold a certain amount of Bitcoin to be prepared for both the UPPity and DOWNity of Bitcoin.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

Anyone that you see who sells their bitcoin now is doing it for financial reasons and not for greed. I can't have an urgent need of money and you expect me not to sell my bitcoin so that I won't appear greedy, whereby I know that I can buy bitcoin back at any time I have the money to.

This is not greed because you are using the money for something important to you, and it makes no sense to have a lot of money invested and still live an uncomfortable life, possibly borrowing to satisfy your desires. People are advised to invest what they do not want to use right now because of scenarios like this. By doing so, you’ll have a separate savings for urgent needs while making this investment a last option resort. If you have all of this in place, your investment will be safer and will only be withdrawn when you have maximised, taken a lot of profits.

Additionally there are rules that apply to investment which must be put in place before venturing into any investment weather bitcoin investment or any other investment outside the forum. It best to have all the requirements for investment in order to sail through all the waves in investment, if you haven't given this rules its at this scenario that you would sell your Bitcoin to solve the so called personal problems if you have an emergency funds that can push you through both the good and bad times you will find out that there is no need to touch your investment when anything hits you. most people for victim of regret in their investments because they lack the know how on investment and hence refuse to seek professional economist advise.

Yes I agree with you that many Bitcoin investors lacks patience
When it comes to holding Bitcoin. But I think every investor has his or her greed level. There are people who bought Bitcoin when it dip to $15k earlier this year and set a target that they will sell at $25k while others set a target to sell at $35k. It now becomes difficult for them to keep their Bitcoin once they price enter that region. It's just just a normal thing for short term Holders.

Short-term investors should be prepared to take advantage of the upcoming bull run; even if they purchased at a lower price, the price movement does not indicate that they should sell now. But holding for a long time is required to come with a prepared market mindset. If short-term investors do not have that mindset, they will always take profit when prices reach their desired targets and exit the market immediately. Perhaps this is referred to as risk management, though the risk in bitcoin is already minimal if you are willing to hold for a long time.

I had to read thoroughly to understand your point but it seems to contradict itself IMHO. You should be clear in presenting your speech though I now understand a little bit of it which I will buttress, every short term investor/Bitcoin gambler is not always interested in what will be the out come of Bitcoin later or future they are just interested in the little profit that comes with the little price movement that shows up at anytime. Although we always advise them to limit their short term interest but it is the very least advise they wish to adhere to hence every individuals has his or her decision to make so be it as it may let them do what is best for them.

[JoyMarsha]

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K. 

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days. 
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

When spare money becomes available, someone who believes in bitcoin future will invest in it, regardless of how much the price of bitcoin is at that moment. I believe you are acting in this manner, and I sense that your bitcoin investment has been profitable thus far. Continue investing in bitcoin as the price fluctuates up and down in your favor to keep accumulating bitcoin no matter how small it is. My advice to you is don't deviate from accumulating bitcoin to altcoins as we anticipate the crypto bull run to start soon(2024)

[Dailyscript]

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.

There is nothing wrong looking at the price movement of Bitcoin consistently. I like watching at the price, so that if price goes down that's great. It will give me more time to accumulate since i just started accumulating Bitcoin. However monitoring the market doesn't mean I dont have lots of confidence in Bitcoin and also downturns dont bother me because I understand the nature of Bitcoin. For those who have long invested in Bitcoin for 3 to 4 years now I think having a good feel for the market can help you know when it's time to sell a little and take that sweet gains.

[Justbillywitt]

This diagram explains a little bit of how most of the investors react to there investment whenever they see the price of Bitcoin moving this way, the first thing that would come to there mind is that Bitcoin price is about to fall and before they realizes themselves they had already started panicking and even selling there Bitcoin.

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.



Source: https://www.coinbase.com/learn/advanced-trading/reading-financial-charts

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

[YUriy1991]

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

I don't think it's wrong if content creators take advantage of this moment to present data and information about daily, weekly and monthly movements and, if necessary, correlate it with the investment model with DCA. It's just that we take the positive points if they contain what was conveyed by the content creator, just use them if not, just ignore them. I think it's safe.