Buy the DIP, and HODL!

[Doan9269]

When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this  investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.

[Tmoonz]

You seem to be describing someone who had overinvested into bitcoin, and another problem is that the kind of person that you describe sounds like a gambler, because the smart thing to do if you have concluded that that you might have over invested would be to take some value off the table, and then to resume with a more prudent approach in which you can stay more focused on your goal of continuing to accumulate in a way that does not cause you to get overly excited (or emotional) about your investment.  Sure, it is difficult to set our positions so that we don't get emotional because sometimes it takes a while to build up your position in bitcoin enough in order that you can begin to feel less and less emotional about it.    It takes practice to build your portfolio in a way to at least attempt to minimize the amount of emotion, even though we are likely not going to completely get rid of the emotion, especially if we might happen to be normal people rather than bots.

What you say is quite true, especially us beginners need encouragement to fight our emotions of lust when things are like this. I mean we don't have to take a stupid attitude when market conditions are bullish. Yes, we have to be able to resist the temptation of profit because we have done quite well building a portfolio from the past 1 year by buying and holding. But the most difficult period is fighting our desires and perhaps it will ruin an investment journey if we are consumed by the desire for short-term profits.

Of course every increase always gives rise to one reason for every decision where it comes doubt to buy because some of them are afraid of the decision they made. Maybe the important point here is not to check Bitcoin prices every day because that can trigger uncontrollable emotions.

When we have succeeded in collecting as many Bitcoins as we can, of course we have to be able to restrain ourselves because if we cannot restrain our desires, it will very likely take what we have invested so that we will lose the opportunity to be able to profit from what we have collect.

That's why it's good to have extra source of income before investing in bitcoin. That you are investing in bitcoin doesn't mean that you should deprive yourself of the good things of life and the comfort you deserves. If you have money to run your life, you don't need to restrain yourself from enjoying things of this life. You don't even need to consider taking from your investment. As your investing make sure that no aspect of your life suffers or lack anything. Investment should be done without stress.

@ justbillywitt at some point I disagree with you, you don't have to make Bitcoin investment sound more like is only for the rich, any one can  actually invest according to his financial capability, however I don't see anything wrong in deriving oneself from certain enjoyments of this life just to keep up with his investment plan, human wants are insatiable if any one would want to be satisfy and have the good things and the comfort he deserves majority that has stash today in their portfolio wouldn't have gotten it, you can lack in some aspect of your life now and invest for a better future for yourself or your generation, it is better to start wimpy and work your way out while already in the market than being on  zero status, been in the market can make you look out for other things that will help you keep up with your investment. Is possible you can suffer today by reducing your expenses, comfort and enjoyments but not at the detriment of lossing your life and enjoy tomorrow.

[Hewlet]

Having income that exceeds your needs or having additional income because it is not enough is a choice that must be made in any form of investment, including Bitcoin.
Because in this way the investment made will run well and will also be able to meet important needs safely without having to experience difficulties due to forcing oneself in unsupportive circumstances.

you don't need to have income that exceeds your needs before investing into bitcoin. If you are waiting till you have excess income that's above your needs before investing, you might end up being unable to invest at all because needs will keep coming whether you like it or not.

 Making investment into Bitcoin should be part of your need so that way, while planning on how to make use of your monthly  earnings, you can easily incorporate it into your plan which will make you to have a steady Bitcoin accumulation routine.

One of the easy way to go about this is to possibly set out your needs into orders like the one below and set out a percentage of income that is to be assigned for each of them based on their respective cost. The list could take something close to this;
1. Food
2. House bills: which will include all the family expenses like transportation, all the utility bills, data, etc
3. Emergency fund
4. Funds for investment: which would be the amount you've set out for the monthly or routinely purchasing of Bitcoin.
5.etc.

Setting up stuff like this will not only help you accumulate your BTC easily, it will also help you effective plan out how best to manage your limited earning and live in proportion to your  worth.

[Miles2006]

You seem to be describing someone who had overinvested into bitcoin, and another problem is that the kind of person that you describe sounds like a gambler, because the smart thing to do if you have concluded that that you might have over invested would be to take some value off the table, and then to resume with a more prudent approach in which you can stay more focused on your goal of continuing to accumulate in a way that does not cause you to get overly excited (or emotional) about your investment.  Sure, it is difficult to set our positions so that we don't get emotional because sometimes it takes a while to build up your position in bitcoin enough in order that you can begin to feel less and less emotional about it.    It takes practice to build your portfolio in a way to at least attempt to minimize the amount of emotion, even though we are likely not going to completely get rid of the emotion, especially if we might happen to be normal people rather than bots.

What you say is quite true, especially us beginners need encouragement to fight our emotions of lust when things are like this. I mean we don't have to take a stupid attitude when market conditions are bullish. Yes, we have to be able to resist the temptation of profit because we have done quite well building a portfolio from the past 1 year by buying and holding. But the most difficult period is fighting our desires and perhaps it will ruin an investment journey if we are consumed by the desire for short-term profits.

Of course every increase always gives rise to one reason for every decision where it comes doubt to buy because some of them are afraid of the decision they made. Maybe the important point here is not to check Bitcoin prices every day because that can trigger uncontrollable emotions.

When we have succeeded in collecting as many Bitcoins as we can, of course we have to be able to restrain ourselves because if we cannot restrain our desires, it will very likely take what we have invested so that we will lose the opportunity to be able to profit from what we have collect.

That's why it's good to have extra source of income before investing in bitcoin. That you are investing in bitcoin doesn't mean that you should deprive yourself of the good things of life and the comfort you deserves. If you have money to run your life, you don't need to restrain yourself from enjoying things of this life. You don't even need to consider taking from your investment. As your investing make sure that no aspect of your life suffers or lack anything. Investment should be done without stress.

@ justbillywitt at some point I disagree with you, you don't have to make Bitcoin investment sound more like is only for the rich, any one can  actually invest according to his financial capability, however I don't see anything wrong in deriving oneself from certain enjoyments of this life just to keep up with his investment plan, human wants are insatiable if any one would want to be satisfy and have the good things and the comfort he deserves majority that has stash today in their portfolio wouldn't have gotten it, you can lack in some aspect of your life now and invest for a better future for yourself or your generation, it is better to start wimpy and work your way out while already in the market than being on  zero status, been in the market can make you look out for other things that will help you keep up with your investment. Is possible you can suffer today by reducing your expenses, comfort and enjoyments but not at the detriment of lossing your life and enjoy tomorrow.

At some point everyone is channeling their opinion with same idea, this issue has been discussed several times and bitcoin investment will always stand as an investment and not a get quick rich scheme, in my opinion the best is always invest with the money you have for accumulating weekly or monthly, what's the point stressing things with the issue of not having a huge sum to buy bitcoin. People usually go an extra mile selling their property to invest when it's not a right decision. The word poor is not appropriate but bitcoin investment is for everyone both an average joe. There's always a plan and target when investing irrespective of our job or account balance but with the right strategy, even with such target there's no point rushing things when buying bitcoin but if an investor is capable of buying bitcoin using the lump sum strategy that's their choice, at the end of the day everyone will have their decision to make when it comes to investment strategy.

[I_Anime]

You seem to be describing someone who had overinvested into bitcoin, and another problem is that the kind of person that you describe sounds like a gambler, because the smart thing to do if you have concluded that that you might have over invested would be to take some value off the table, and then to resume with a more prudent approach in which you can stay more focused on your goal of continuing to accumulate in a way that does not cause you to get overly excited (or emotional) about your investment.  Sure, it is difficult to set our positions so that we don't get emotional because sometimes it takes a while to build up your position in bitcoin enough in order that you can begin to feel less and less emotional about it.    It takes practice to build your portfolio in a way to at least attempt to minimize the amount of emotion, even though we are likely not going to completely get rid of the emotion, especially if we might happen to be normal people rather than bots.

What you say is quite true, especially us beginners need encouragement to fight our emotions of lust when things are like this. I mean we don't have to take a stupid attitude when market conditions are bullish. Yes, we have to be able to resist the temptation of profit because we have done quite well building a portfolio from the past 1 year by buying and holding. But the most difficult period is fighting our desires and perhaps it will ruin an investment journey if we are consumed by the desire for short-term profits.

Of course every increase always gives rise to one reason for every decision where it comes doubt to buy because some of them are afraid of the decision they made. Maybe the important point here is not to check Bitcoin prices every day because that can trigger uncontrollable emotions.

When we have succeeded in collecting as many Bitcoins as we can, of course we have to be able to restrain ourselves because if we cannot restrain our desires, it will very likely take what we have invested so that we will lose the opportunity to be able to profit from what we have collect.

That's why it's good to have extra source of income before investing in bitcoin. That you are investing in bitcoin doesn't mean that you should deprive yourself of the good things of life and the comfort you deserves. If you have money to run your life, you don't need to restrain yourself from enjoying things of this life. You don't even need to consider taking from your investment. As your investing make sure that no aspect of your life suffers or lack anything. Investment should be done without stress.

One Beauty about investing in bitcoin, Is that bitcoin as made it easy for any one to invest on it , irrespective to their financial capability . By buying different quantity of bitcoin with the use of any buying method that is convenience to you . Living comfortably ain't bad and all that but you have to take your investment as a priority, even when it lead to you minimising how you spend ( in the sense of enjoying live ) and you are aware that investing in bitcoin we all have a goal we want to meet in our accumulation and we can't just sit and relax , and enjoying life expecting the goal to come on its own. We have to exercise good plans like having some good sources, having an emergency funds and minding the way we spend so that our emergency funds may sustain us when we keep accumulating. The reason we have to make sacrifices for our investment is because In a long run , your investment may give you the live far better than the one you are craving for now.

[JayJuanGee]

[edited out]

you don't need to have income that exceeds your needs before investing into bitcoin. If you are waiting till you have excess income that's above your needs before investing, you might end up being unable to invest at all because needs will keep coming whether you like it or not.

By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest.  If you do not have excess, then you are gambling rather than investing.

Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up. 

If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling.   Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.

[Justbillywitt]

This method buy the DIP and HODL is one of the most trading strategies or tactics in the Bitcoin and crypto market or in the investment cycle. This is when most investor like acquring coin having the believe that the price will some day go high, same also in most cases when you think the price will go high but eventually it starts deprecating in value.

And we must not also forget that one of the easiest means in acquiring bitcoin for hodl is to use the pattern of DCA in other to enable us afford making an investment as according to our affordability and it also serves as a means of reducing the cost on loss each time the market may be highly volatile and we have more bear market.

Also this method doesn't guarantee 100% profit believing that since the price is low at when is been aquire it will definitely hit at ATH, so in such case as an investor one also need to have two things in mind which is either gain or loss unless you wish to HODL for a longer period of time.

Holding for a long time doesn't have much risk than it profits the investors who are holding, especially when your holding crossed a particular circle and if you have the ability of holding when you buy the dip and wait till the next halving, you will definitely experience bullrun and that alone is the most profitable target by many long time investors.

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

[Cryptoprincess101]

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.

The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.

[ginsan]

By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest.  If you do not have excess, then you are gambling rather than investing.

Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up. 

If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling.   Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.

Of course, passive income will launch a DCA investment process in accumulating Bitcoin. Many people in the world may not have a permanent job but they want to invest and maybe it is a long process for them to have a certain amount of BTC. Yes, we encourage anyone who is confident in investing in Bitcoin to do it using DCA because they need to arrange their entry in such a way to find the lowest price. So back to the issue of income, investment can run smoothly if someone earns passive income every month so he is not burdened by the circumstances of the investment he makes.

Apart from that, Bitcoin has become an investment that is attracting quite a lot of attention at the moment. I noticed a lot of newbies keep coming in to buy bitcoins and hold them. Yes it's an extraordinary process of their desire to achieve success in bitcoin investment. However, from that perspective, we certainly don't know their principles in balancing their financial cash, but of course they have arranged it as best as possible so that the Bitcoin accumulation target can run smoothly according to their planning.

[Salahmu]

[edited out]

you don't need to have income that exceeds your needs before investing into bitcoin. If you are waiting till you have excess income that's above your needs before investing, you might end up being unable to invest at all because needs will keep coming whether you like it or not.

By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest.  If you do not have excess, then you are gambling rather than investing.

Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up.  

If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling.   Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.

Is quite surprising that most people do not realize they are gambling thinking that they are investing because gambling is not just by playing sports betting but is also comprises of both investment because as an investor no matter how much they would love to invest on Bitcoin but like i mentioned on my previous post is never an option to borrow money and invest on Bitcoin when the person doesn't have any source of income that would help and sort out the Dept, however most people have gone into investment on Bitcoin through the money they had borrowed with the intention of paying back from the profit they will make, so you are right @JAY, however is unfortunate that some of the mindset of people concerning Bitcoin is totally wrong because most of them feels that investing on Bitcoin is a get rich quick investment perhaps is because of the way the price moves that's why most people feels that if they borrow money they could easily pay back through the profit they will realize without knowing that sometimes the price could go the opposite direction, so like you said borrowing money for investment with the intention of paying back through the investment is not a wise decision.

[Onyeeze]

When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this  investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.

Investment is all about courage and the personal decision and it is only the risk takers that always be profitable for investment because they don't think if they lose or not only thing that comes to their mind every time is to utilize opportunity and also take a risk to meet up a target, so when you come to bitcoin investment you don't need to think otherwise before you investing Bitcoin only thing that I would like you to consider is the market going up or going down so if the market is in situation where you like to invest you can invest with that thinking otherwise because there is no time your invest in Bitcoin that is west of time so you have to invest when your mind ask you to invest when you are watching when you invest and make profit you may invest at that pointing time and experience a huge loss so it is better to invest when you think that we suit for you to make a profit

[JayJuanGee]

By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest.  If you do not have excess, then you are gambling rather than investing.

Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up. 

If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling.   Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.

Of course, passive income will launch a DCA investment process in accumulating Bitcoin. Many people in the world may not have a permanent job but they want to invest and maybe it is a long process for them to have a certain amount of BTC. Yes, we encourage anyone who is confident in investing in Bitcoin to do it using DCA because they need to arrange their entry in such a way to find the lowest price. So back to the issue of income, investment can run smoothly if someone earns passive income every month so he is not burdened by the circumstances of the investment he makes.

I am not sure if you are using the term "passive income" differently from how it would usually be used.  Generally speaking passive income is meant to be a kind of income that a guy would receive from investments, meaning that he does not have to do much if any work for the income, and sure passive income might be achieved based on past work that the guy did and then he invested money and was later able to live off of the income earned from the investments.

Sometimes there might be disagreement in regards to how little work someone might need to do in order for the income to qualify as passive income, so for example, his merely keeping track of his income (bookkeeping) probably would not be counted as having to work for the income, but maybe if he bought property, but he is managing the property, then the rents might be quasi-passive, depending on how much work he is having to do in order for the income to keep coming in.

Apart from that, Bitcoin has become an investment that is attracting quite a lot of attention at the moment. I noticed a lot of newbies keep coming in to buy bitcoins and hold them. Yes it's an extraordinary process of their desire to achieve success in bitcoin investment. However, from that perspective, we certainly don't know their principles in balancing their financial cash, but of course they have arranged it as best as possible so that the Bitcoin accumulation target can run smoothly according to their planning.

If a person might have between $800 and $2k per month of income (maybe most commonly a income of $1,200) and $1,000 worth of monthly expenses, then his variance of income may well cause him to keep an extra float, so that he always has enough for his monthly expenses, even during months that his income is less than his expenses.  His investment would come from the discretionary/disposable income which seem to usually be $200 per month or $50 per week, and yeah he could max it out on buying bitcoin, or he could use some other strategies, but if he already has 6 month of emergency funds (maybe $6k), and maybe another 3-6 months of float and/or reserves, he might have room to be more flexible including perhaps sometimes dipping into his float and/or reserves to buy extra bitcoin and/or perhaps other times deciding to allow his float and/or reserves to build up to higher levels.

[Negotiation]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

It is also true that buying other tokens or coins other than Bitcoin can lead to huge gains and fast losses. All these things depend on what kind of plan you are managing the investments with. If you have invested in your investments without a plan and buy bits or other currencies for a long time, then you will have a lot of potential to lose. But here weekly or monthly investments are very important to me because they are very profitable in the long term but only this applies to Bitcoin.

[cocadalcan]

But the problem is, is now the right time to buy bitcoin? considering the price is very high and prone to correction. I can only advise him to buy with the DCA model or wait for the price to correct. When he asked, what is the right price to buy bitcoin? I can only shake my head and say "no one knows"

Do you have any good advice for my friend? Honestly, I was confused with my answer because Bitcoin was very expensive and I was afraid of giving him the wrong advice

I'm doing a job to a reputed organization as a PS of owner. Last December, I told my boss to invest the Bitcoin but he didn't agree. However, he has million dollar into the share market. I'm maintaining his all accounts, and try to convince him by showing the bitcoin graph..recently he has shown interest in buying Bitcoin but it's not yet legal in our country.
My boss already talk to his friend who staying in USA.. sometime he goes their. I hope he might be invest in Bitcoin within future.

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

Yes.  BTC prices can go in either direction, so it is good to have a 4-10 year timeline or longer for any investing into bitcoin that you do.

Many senior and respected Parsons given their valuable opinions, But I found a essence of everyone in one line of your opinions. Initially approved and I wait for final approval from my boss. I think Longtime Investments like 4-10 years is very profitable for every business and if is there is Bitcoin, others are useless. Large investors like my boss may not prefer DCA strategy for those "HOLD" can be the best.

Fair enough if he does not want to DCA, yet even starting out with a lump sum investment can be enhanced with either DCA and/or buying on dips, but yeah, whatever, your boss should be able to figure out how he wants to approach his investment and to consider whether he might start out with an initial allocation and then consider at various points down the line if he might want to add to his position.  Again, any new allocation would trigger another 4-10 year or longer commitment to that additional portion of the investment, so keeping a long term time horizon is good for any additional capital added to a position, yet at the same time, all of us know that we can do whatever we want, including getting out of the investment if we change our mind down the road, but I personally believe that if anyone is taking less than a 4-10 year position, then they likely should take a smaller position if they are not willing to at least conceptually consider the investment into bitcoin in those kinds of terms.

You are right.. Although now BTC price nearby ATH. We should be more wait to buy.It could be much better that from now to start DCA, when the time of realization, we can taken from each Invoice 2% or 3% profit can keep separately for DCA. It can be also monthly basis. This strategy can reduced the pressure on the dollar and effectively for long.

Another thing is that if your boss is going to invest a decently large sum into bitcoin in a lump sum, then there has to be some learning involved, otherwise he is not taking personal responsibility if he is ONLY wanting to get price exposure by holding his coins through some exchange and/or third party.  Yeah, sure he can end up buying through an exchange and even custodying through an exchange, but hardly any of us would consider that to be investing into bitcoin, but instead merely investing into BTC price exposure, which is a related animal but it is not exactly the same thing.. so there is some learning that is required in regards to self-custody, too... even if it might merely be considering the purchase of a Trezor hardware wallet.

Yes we are thinking so. Before the investment the security of wallet the best priority.More knowledge on this transection is essential. We must transact through trusted traders or exchange house.

[Kwarkam]

[/quote] I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
[/quote]
But still, short term investors will mostly be subjected victims to fluctuation in price, although profits are possible, it still is  not compared to long-term holders, like those who have been holding for the past 15 years. Short term investors profits cannot be compared to long term holders as the margin is conspicuously defined.
Over a short period of time, Bitcoin can fall really low as we saw in the last bull run, but then, over a long time frame it really appreciates.
The risks for short term investors is too great compared to the long term.

[Obim34]

When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this  investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.

Yes, all what you said is correct. We do not need jump into investing without making good calculations of our cost of living, our savings/emergency funds and other minor expenses, if we don't then there is certainty of becoming affected after making the investment which may result to the urge of tampering one's portfolio. It has been drawn to the best of our knowledge to adhere to the rule of investing not aggressively but passively, this way we don't get to regret.

[Kwarkam]

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.

The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.

Yes.  For those supporting the short term investment thing being profitable, we are all aware that Bitcoin is not a get rich quick thing. I think it's basic knowledge. Although you can make profits from the short term investment, it's nothing like benefiting extensively like long term as you are more subject to losses.

[I_Anime]

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.

The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.

Yes.  For those supporting the short term investment thing being profitable, we are all aware that Bitcoin is not a get rich quick thing. I think it's basic knowledge. Although you can make profits from the short term investment, it's nothing like benefiting extensively like long term as you are more subject to losses.

exactly, Short-term investment can be profitable but the risk attached to it is too much compare to that of long-term investment, due to price fluctuations. And other thing about short-term investments is that one can easily it turn it to gambling, like in a scenario whereby there's a hype in market, due to such hype market experience a surge in prices and due to FOMO one may come up with the thought of diving in all at once inorder to be catch in th wave ( during the increase of prices in market) with the thought of making some profit as the market  increase, which would make one to be restless while he or she keep checking Market charts . But at the end market didn't went their way they would endup selling in loss because their aim was to get short-term profit and they won't want their funds to get stock. While those who are holding won't be bothered with such because their mind as already being set for long-term investment, though it may take alot of time depending on one target but at the end you would Found that it all worth it .

[Salahmu]

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.

The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.

Yes.  For those supporting the short term investment thing being profitable, we are all aware that Bitcoin is not a get rich quick thing. I think it's basic knowledge. Although you can make profits from the short term investment, it's nothing like benefiting extensively like long term as you are more subject to losses.

I always wonder why most people always prefer short term investment, I know that everyone is entitled or decision to choose what they feel is better for them but I will always advise that short term is not the best investment pattern for Bitcoin because it will likely deprived you the chances of getting what you are supposed to have in the future if you hold for a long term because one of the factors that lead to investment failure is greed because the mindset of most people is based on the possible profits they could get from there investment that's why they always sees short term as the best investment strategy for them without knowing that they could get into trouble on the process if they sell there Bitcoin and the price did not give them another chance to buy again because this has been what most investors has witnessed but thanks to @JAY for educating us on ways of investment so I believe that so many persons should be able to understand and utilize the investment discussions that has been done here.

[Wind_FURY]

But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯

The same is true in 2015 and 2016 (the year of your forum registration)  Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016...

I would absolutely be one of those people who never have believed that Bitcoin would surge to $20,000 OR even five digits. Hahaha. But it was only during that time, that it started to become obvious that six digits is a possibility for the next cycles. Although there were many people that remained very doubtful.

as we know the low in 2018 and even the quick correction in 2020, only got into the $3ks so $3k was not even breached and the second correction to $3,850 was merely as spike and the BTC price spent less than a couple weeks below $6k in 2020.

That illustrated that large DIPs are for buying.