Bravut
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April 29, 2024, 09:49:23 PM |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
This is completely an off topic and meanwhile this thread is not talking about selling which sounds more of trading and gambling, but accumulating Bitcoin and hodl for a long period of time for like 5-10 years and the best way you can do this is to set aside an amount of income after setting aside your reserve fund or an emergency fund then use to amount to buy Bitcoin by using the DCA strategy which will help you to buy at regular interval either weekly or monthly. The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold.
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Cryptoprincess101
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April 29, 2024, 11:35:23 PM Last edit: April 30, 2024, 07:50:13 AM by Cryptoprincess101 |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
It sounds like you are going to have fun staying poor. I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone. I just got to know that you don't even read what is happening here before you make post, basically, from the subject matter here we are actually discussing about buying and hodling and not some form of short term trading, even if you trade and you make a whole lots of profits from it fine it's your choice but you should know where and when to channel your opinion accordingly, we have the trading section of the forum so if you want any discussion about trading that will be the right place for you to channel your opinion because doing it here makes you go against the forum rule of posting off topics replies. Yeah there are people who makes trading their hobby such that they are always at alert watching the market and using different signals to target the market fluctuations but do you choose what will deprive you from doing other things simply because you ard busy watching over the activities of the market and it can lead to being too addicted to trading. It's very clear that all what you are trying to entice others to do is to give them the idea that they can get rich quick by practicing trading but I want to tell you that you had better embrace hodling for a long term because the day your trading strategies will fail you, though I don't pray for that to happen to you but you should know that Bitcoin is the key to wealth creation and it's only when we are fully involved that we can have the taste of it. Trading may not work for you all the time and when the losses begins you may lose much more than you gained and possibly lose your capital too, so hodling is the sure way to go.
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Jon pyagbara
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April 30, 2024, 03:34:52 AM |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
It sounds like you are going to have fun staying poor. I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone. I just got to know that you don't even read what is happening here before you make post, basically, from the subject matter here we are actually discussing about buying and hodling and not some form of short term trading, even if you trade and you make a whole lots of profits from it fine it's your choice but you should know where and when to channel your opinion accordingly, we have the trading section of the forum so if you want any discussion about trading that will be the right place for you to channel your opinion because doing it here makes you go against the forum rule of posting off topics replies. Yeah there are people who makes trading their hubby such that they are always at alert watching the market and using different signals to target the market fluctuations but do you choose what will deprive you from doing other things simply because you ard busy watching over the activities of the market and it can lead to being too addicted to trading. It's very clear that all what you are trying to entice others to do is to give them the idea that they can get rich quick by practicing trading but I want to tell you that you had better embrace hodling for a long term because the day your trading strategies will fail you, though I don't pray for that to happen to you but you should know that Bitcoin is the key to wealth creation and it's only when we are fully involved that we can have the taste of it. Trading may not work for you all the time and when the losses begins you may lose much more than you gained and possibly lose your capital too, so hodling is the sure way to go. Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 30, 2024, 03:54:46 AM |
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[edited out]
Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten. It also comes down to trading not being on topic in this thread... so fuck off with your desires to suggest that trading is worthy of discussion in this thread.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Zackz5000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2024, 07:10:28 AM |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
It sounds like you are going to have fun staying poor. I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone. I just got to know that you don't even read what is happening here before you make post, basically, from the subject matter here we are actually discussing about buying and hodling and not some form of short term trading, even if you trade and you make a whole lots of profits from it fine it's your choice but you should know where and when to channel your opinion accordingly, we have the trading section of the forum so if you want any discussion about trading that will be the right place for you to channel your opinion because doing it here makes you go against the forum rule of posting off topics replies. Yeah there are people who makes trading their hubby such that they are always at alert watching the market and using different signals to target the market fluctuations but do you choose what will deprive you from doing other things simply because you ard busy watching over the activities of the market and it can lead to being too addicted to trading. It's very clear that all what you are trying to entice others to do is to give them the idea that they can get rich quick by practicing trading but I want to tell you that you had better embrace hodling for a long term because the day your trading strategies will fail you, though I don't pray for that to happen to you but you should know that Bitcoin is the key to wealth creation and it's only when we are fully involved that we can have the taste of it. Trading may not work for you all the time and when the losses begins you may lose much more than you gained and possibly lose your capital too, so hodling is the sure way to go. Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten. It also sounds like trading, Bitcoin investment is more profitable when an investor hodl for a longer period of time between 4-10 years, that's why is good as an investor to have different source of income or a reserve fund where you can easily assess in other to settle your unforseen circumstances so you won't go and temper with your hodling probably it might be at the dip at that time you will be at lost that's why Bitcoin investment is sighted to be a long term investment, but with your DCA strategy you can be able to buy at regular interval either weekly or monthly as the case may be.
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avp2306
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April 30, 2024, 08:15:23 AM Merited by JayJuanGee (1) |
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[edited out]
Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten. It also comes down to trading not being on topic in this thread... so fuck off with your desires to suggest that trading is worthy of discussion in this thread. I guess they was carried out by the discussion and they really don't know what they are talking about that's why they talk about trading stuff in this thread. Maybe good for them that there's someone correct them so I guess they should learn something. If they can't accept the correction of other people regarding on what is intended to be done in this topic then provably they are the type of person which think that they are always correct and no one can correct them with their wrong thoughts. Maybe its focus on people that have same beliefs and have valid point since these are people are really good to talk with since there opinions have always sense or always in topic.
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Nonstop_H
Newbie
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April 30, 2024, 09:48:55 AM |
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Wether they take quick profits or not Bitcoin still remains, it's all by choice and how we view from our perspective, each investor knows what's suitable and good for him because the needed funds used to invest was raised by him, despite all these happening, we only just advise investors to purchase/ keep on purchasing Bitcoin, restrain from selling and continue to hold for the long run in order to maximize the profits and store this wealth for a longer time.
Emergency funds are compulsory units in the process of accumulating Bitcoin that should not be neglected, life is full of unforseen circumstances that may come either at the appropriate time when funds is surplus or not, during this point in time a persons emergency funds will step in to resolve that issue instead of altering one's investment portfolio just to solve the need.
But unfortunately, not many Bitcoin investors can determine when they will take their profits. Many of them cannot wait patiently for the price of Bitcoin to increase very high. Most of them are still consumed by the issues raised by unclear news. They will panic and make decisions without thinking twice. They cannot find more information about the situation that is happening so that they make instant decisions. For those who can still be patient, they can see when they can sell their Bitcoin and take the profit. I don't have a problem when people who have gotten to their maturity date in bitcoin investment decide to sell part of their bitcoin, provided they are not going to sell off everything and have no bitcoin in their possession. But selling off your bitcoin possession due to panic and uncertainties is really a bad thing and there is no profitability in that. Know it fully well that there are those who specializes in spreading fud so that market will go down paving the way for institutional buyers to come in and buy bitcoin cheaply. For emergency funds, it is best to separate it from investing in Bitcoin so that it does not interfere with our investment plans. But there are also investors who use some of their Bitcoin to meet their emergency needs because their emergency funds cannot cover them. This is understandable because we often experience emergency needs that we must fulfill immediately.
Those investors should not to be taken seriously considering that they will always run to sell of part of their holding to solve problems. This set of people cannot successfully hold bitcoin for a full circle. Don't make investment when you cannot feed yourself and take care of your basic needs without turning to their investment. When we do invest, turning to our investment to solve problems should totally be out of the equation. The beauty of Bitcoin is holding it long. It is quite understanding that even in real life investment durable patient is required to attract reasonable profit, so coming to buying of Bitcoin investors should apply enough patient in holding longer by so doing making a good profile will be easily achievable.
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Roseline492
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April 30, 2024, 12:00:32 PM |
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Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually
In as much as everybody has there right to there opinion and how they wish to invest there money but trading shouldn't be your alternative, besides you are too new to be talking about trading because obviously you don't understand anything about trading because if you do you would not have seen it as an investment wise so perhaps it will do you more good if you change your mindset from what you believe trading is all about, however I don't always understand why beginners are always lured into trading because of the easy profits they feel they could make without understanding the concept and the risk involved, so I would advised you focus on Bitcoin holding because that's the only way you could possibly see the profit you had plan and not for trading.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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Justbillywitt
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April 30, 2024, 12:11:07 PM |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
This is completely an off topic and meanwhile this thread is not talking about selling which sounds more of trading and gambling, but accumulating Bitcoin and hodl for a long period of time for like 5-10 years and the best way you can do this is to set aside an amount of income after setting aside your reserve fund or an emergency fund then use to amount to buy Bitcoin by using the DCA strategy which will help you to buy at regular interval either weekly or monthly. The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold. You can't keep investing all your life without having a time frame to take something out of the system. The time frame of 10 years he gave is enough to see some level of maturity and certain profit in your investment. Just imagine building a project without having a time frame of completion of that particular project so that you can embark on another one. After the 10 years the investor might consider removing some of his profit from his investment and from there he can set up another time frame and keep on his investment. The 10 years time frame doesn't mean that after 10 years he will stop investing no, what it simply means is that after the 10 years has expired he will harvest his profits and set up another objective of another 10 years or as he/she deem necessary. As humans as long as we are alive, we will keep on investing.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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fadhilz123
Sr. Member
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casinosblockchain.io
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April 30, 2024, 01:59:09 PM |
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Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten.
Since when is trading the same as hodling BTC? It seems like you have made a mistake in responding to this and even deviating from the discussion of many people who do not assume that here. And when you are someone who likes to take advantage of the Dip by implementing the DCA strategy for large-scale investments, you also shouldn't accuse other people of not having patience for this if you don't have enough accurate data regarding this. Even though everyone's patience is different, in terms of taking advantage of the Dip and holding Bitcoin for now, there are quite a lot of people who are happy to do it. So you should not assume that other people do not have enough patience to do their best and it is also not appropriate to equate any trading with people who hold Bitcoin for a long time because people who hold Bitcoin for a long time rarely think about trading. Even though sometimes they also like to make money in different ways in the market, holding Bitcoin will always be their priority in the long term because it doesn't just start from now, but long before times like now.
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Cryptoprincess101
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2024, 02:48:53 PM |
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[edited out]
Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten. It also comes down to trading not being on topic in this thread... so fuck off with your desires to suggest that trading is worthy of discussion in this thread. Like I don't really understand why some people are so adamant in accepting a fact, and I just see that the reason most times is because they find it difficult to go through others reply in a thread like how can someone just bump into a thread that is centered on hodling Bitcoin and basic strategies required for long term investment and be making some kind of nasty stuffs, when there are spaces they can channel it to instead coming here to prove a baseless point even ordinarily looking at the subject alone should send a signal about the potential discussion going on here. It's so bad that some people chose to attend events they are not invited, lol
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DubemIfedigbo001
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April 30, 2024, 04:12:22 PM Merited by JayJuanGee (1) |
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The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold.
Its not out of place to invest in a much longer time (more than 10 years). Actually you can invest for as much as you desire, but why the pointers are between 4 to10 years is for your investment to be profitable for you, so you don't buy when the price is higher and sell in the dip. That's surely a loss. With that time frame, you'd have seen good gains and can decide for yourself whether to continue, or take your gains and quit. Bitcoin is always there to welcome you whenever you choose to return to investing, just that your gains wouldn't be compared to the one who perseveres for a longer time, maybe up to twenty years or more. I'll advise that even after 10 years and you must've gotten your good profits, don't sell off, you can take of some part of your gains and invest into something worthwhile as a means of diversification, maybe agriculture or open a business that will continue catering for you so your investment remains untouched for another length of time and who knows, your investment can boom more than you expected and would provide you more funds to keep accumulating periodically. The goal is to keep increasing the portfolio for bigger and better profits.
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JayJuanGee
Legendary
Offline
Activity: 3836
Merit: 10829
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2024, 04:26:59 PM Last edit: April 30, 2024, 04:41:36 PM by JayJuanGee |
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Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten. It also comes down to trading not being on topic in this thread... so fuck off with your desires to suggest that trading is worthy of discussion in this thread. I guess they was carried out by the discussion and they really don't know what they are talking about that's why they talk about trading stuff in this thread. Maybe good for them that there's someone correct them so I guess they should learn something. If they can't accept the correction of other people regarding on what is intended to be done in this topic then provably they are the type of person which think that they are always correct and no one can correct them with their wrong thoughts. Maybe its focus on people that have same beliefs and have valid point since these are people are really good to talk with since there opinions have always sense or always in topic. There's nothing really wrong with having differences of opinions, and or even mentioning some things that are not on topic, but there is a bit of irritation to see a newbie coming into the thread and preaching from an angle that is not even on topic. Furthermore, there are all kinds of ways that guys can trade and be profitable, yet it is still not on topic here to either get into it or to be trying to suggest it is equally good as the various methods that are being discussed here.. since we are not in a thread of comparing and contrasting how trading might work as a possible alternative, when the thread topic does not even include selling as part of its framing.. so as soon as any of us get into adding selling into the discussion, the addition of that concept changes the whole parameters of a whole shitload of possible topics related to trading (and/or gambling), which surely we have not been doing here, except perhaps incidentally.. So technically his post is not so bad in order to get deleted by a moderator, but from my perspective, it seems bad enough (in the preachy sense of trying to argue a kind of relativism in regards to trading versus investing, which surely might not have had been his intention) to warrant a response. Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually
In as much as everybody has there right to there opinion and how they wish to invest there money but trading shouldn't be your alternative, besides you are too new to be talking about trading because obviously you don't understand anything about trading because if you do you would not have seen it as an investment wise so perhaps it will do you more good if you change your mindset from what you believe trading is all about, however I don't always understand why beginners are always lured into trading because of the easy profits they feel they could make without understanding the concept and the risk involved, so I would advised you focus on Bitcoin holding because that's the only way you could possibly see the profit you had plan and not for trading. I am not completely against the idea of trading, but I am against the idea of bringing it up in this topic, and also against the idea of trying to proclaim that trading is similar and/or equal to investing, when it is not, since trading takes additional skills in which some of the skills can be complicated to apply in the real world, especially in terms of assuring profitability, which surely trading could be argued either way in term of whether it might be a good thing to do.. even though an overwhelming of traders are either not profitable or they really have not been able to beat a pure buy and HODL strategy, especially when it comes to bitcoin. And, no matter what, trading is not a topic for this thread to be arguing such off-topical nonsense, when there seems to already be enough ideas to talk about in regards to investing and accumulated BTC, so why should we be getting distracted into other matters (such as comparing trading/gambling to investing) when there are other forum threads for those kinds of discussions.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Sim_card
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The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold.
Its not out of place to invest in a much longer time (more than 10 years). Actually you can invest for as much as you desire, but why the pointers are between 4 to10 years is for your investment to be profitable for you, so you don't buy when the price is higher and sell in the dip. That's surely a loss. With that time frame, you'd have seen good gains and can decide for yourself whether to continue, or take your gains and quit. Bitcoin is always there to welcome you whenever you choose to return to investing, just that your gains wouldn't be compared to the one who perseveres for a longer time, maybe up to twenty years or more. I'll advise that even after 10 years and you must've gotten your good profits, don't sell off, you can take of some part of your gains and invest into something worthwhile as a means of diversification, maybe agriculture or open a business that will continue catering for you so your investment remains untouched for another length of time and who knows, your investment can boom more than you expected and would provide you more funds to keep accumulating periodically. The goal is to keep increasing the portfolio for bigger and better profits. I will not diversify my bitcoin into another kind of business by selling it after 10 years, because like you said, for your bitcoin investment to reach 10 years timline, it means that you have been able to accumulate a significant amount of bitcoin, which you should just relax and continue buying with any strategy that you feel is comfortable for you. This is because that is when the compounding profit have a high capacity of generating higher profits for you than before. If you sell some parts and diversify into another new business. You will miss that compounding profit that would have been accumulating continuously overtime, which might help you reach your your fuck you status faster compared to when you sell part of it to diversify into another business. Another thing is that how are you sure that business will be able to give you profit within a short period of time that you started it. The business needs to monitored and during the early stage, it can take more money and more of your time to grow the business, and due to some inflationary problems a d government policies, the business might fail. Lastly, the profit that you will make from your new business is four years with stress and hard work might not be upto half of the profit that your bitcoin investment, that you continue holding without selling a dime after ten years will give you after an additional of four years. Currently, I think Bitcoin investment should be one of the best, if not be best to give you a better profit than any other investment. So these are what we consider before thinking of diversifying. I am not saying that to diversify into another investment that is not on the same line with bitcoin is bad.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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nara1892
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April 30, 2024, 05:05:14 PM |
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This is completely an off topic and meanwhile this thread is not talking about selling which sounds more of trading and gambling, but accumulating Bitcoin and hodl for a long period of time for like 5-10 years and the best way you can do this is to set aside an amount of income after setting aside your reserve fund or an emergency fund then use to amount to buy Bitcoin by using the DCA strategy which will help you to buy at regular interval either weekly or monthly.
The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold. Yups pretty much agree with your opinion, a period of 10 years is indeed quite long and maybe you or anyone can make a pretty maximum profit as a result of effort, hard work and maintaining consistency in the process that you have passed but that does not mean that after we complete the 10-year accumulation plan we no longer need money, because after all we will always need money to survive, which means not getting too hung up on the accumulation planning limit might be good enough to keep in mind, because the problem is that maybe you will also limit your mind to build further ideas or the point is that you only focus on planning for a period of 10 years. Another thing is that I think having a plan for the accumulation that you want/will run is indeed a good approach (regardless of the timeframe) but I think this is just a plan, because after all it is a fact that we never know what will happen someday, or that means it is always possible for us to experience undesirable situations that can make us disrupt the accumulation plan that we have planned, For example, you are unexpectedly laid off from work which makes you experience a loss of income which of course the situation can make us experience a delay in the allocation for accumulation planning, meaning that I don't think it's bad to not focus too much on the planning period that you have set, or it means that you better think that while you can get involved in investing by applying good consistency to the DCA strategy as long as the situation is favorable then do it.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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JayJuanGee
Legendary
Offline
Activity: 3836
Merit: 10829
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2024, 05:06:23 PM |
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The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold.
Its not out of place to invest in a much longer time (more than 10 years). Actually you can invest for as much as you desire, but why the pointers are between 4 to10 years is for your investment to be profitable for you, so you don't buy when the price is higher and sell in the dip. That's surely a loss. With that time frame, you'd have seen good gains and can decide for yourself whether to continue, or take your gains and quit. Bitcoin is always there to welcome you whenever you choose to return to investing, just that your gains wouldn't be compared to the one who perseveres for a longer time, maybe up to twenty years or more. I'll advise that even after 10 years and you must've gotten your good profits, don't sell off, you can take of some part of your gains and invest into something worthwhile as a means of diversification, maybe agriculture or open a business that will continue catering for you so your investment remains untouched for another length of time and who knows, your investment can boom more than you expected and would provide you more funds to keep accumulating periodically. The goal is to keep increasing the portfolio for bigger and better profits. I will not diversify my bitcoin into another kind of business by selling it after 10 years, because like you said, for your bitcoin investment to reach 10 years timline, it means that you have been able to accumulate a significant amount of bitcoin, which you should just relax and continue buying with any strategy that you feel is comfortable for you. This is because that is when the compounding profit have a high capacity of generating higher profits for you than before. If you sell some parts and diversify into another new business. You will miss that compounding profit that would have been accumulating continuously overtime, which might help you reach your your fuck you status faster compared to when you sell part of it to diversify into another business. Another thing is that how are you sure that business will be able to give you profit within a short period of time that you started it. The business needs to monitored and during the early stage, it can take more money and more of your time to grow the business, and due to some inflationary problems a d government policies, the business might fail. Lastly, the profit that you will make from your new business is four years with stress and hard work might not be upto half of the profit that your bitcoin investment, that you continue holding without selling a dime after ten years will give you after an additional of four years. Currently, I think Bitcoin investment should be one of the best, if not be best to give you a better profit than any other investment. So these are what we consider before thinking of diversifying. I am not saying that to diversify into another investment that is not on the same line with bitcoin is bad. There surely can be some advantages to diversifying, especially when your bitcoin become a certain worth and also your bitcoin might overwhelmingly become too much value in one place, and your prior off-setting of your BTC with cash is not sufficient, so diversifying can be ways to consider diversifying into cash, but putting your cash to work.. which surely might mean locking it up and then also sometimes causing a lot of extra work if the way of diversification is NOT mostly passive but ways in which you might have to get involved personally. Besides just knowing that the answer is not straight-forward and there are factors to weigh, we likely are not going to want to jump into diversification for the mere sake of it.. especially if we might just be creating more work and expenses for ourselves and also causing ourselves to be less liquid... On the other hand people sometimes do want to have a purpose and meaning in the world and ways to interact with other people, so sometimes businesses and real estate could provide for those kinds of interaction vehicles, if they don't come at too high of a cost in terms of taking up our time in activities that we do not want to get caught up into.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Sticky Bomb
Newbie
Offline
Activity: 26
Merit: 0
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April 30, 2024, 05:23:57 PM |
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I will not diversify my bitcoin into another kind of business by selling it after 10 years, because like you said, for your bitcoin investment to reach 10 years timline, it means that you have been able to accumulate a significant amount of bitcoin, which you should just relax and continue buying with any strategy that you feel is comfortable for you. This is because that is when the compounding profit have a high capacity of generating higher profits for you than before. If you sell some parts and diversify into another new business.
You will miss that compounding profit that would have been accumulating continuously overtime, which might help you reach your your fuck you status faster compared to when you sell part of it to diversify into another business. Another thing is that how are you sure that business will be able to give you profit within a short period of time that you started it. The business needs to monitored and during the early stage, it can take more money and more of your time to grow the business, and due to some inflationary problems a d government policies, the business might fail.
I think you really didn't get his point, he's advising against selling off your investments totally after the supposed 10 years and proposing means to remain an investor. From my understanding, he's advising for worst case scenarios, maybe you're out of funds and want to sell off to maintain your living and his advise is simple. Instead of selling off, you should just take some part of your gains and invest it wisely so that his investments can continue taking care of him while he maintains his investments in bitcoin and works on increasing his portfolio continually while solving his problems with his diversified investments. This is better instead of preying on your investment to satisfy your needs after 10 years. Lastly, the profit that you will make from your new business is four years with stress and hard work might not be upto half of the profit that your bitcoin investment, that you continue holding without selling a dime after ten years will give you after an additional of four years. Currently, I think Bitcoin investment should be one of the best, if not be best to give you a better profit than any other investment. So these are what we consider before thinking of diversifying. I am not saying that to diversify into another investment that is not on the same line with bitcoin is bad.
I think you didn't do your researches very well before saying this. I do a little agriculture in my country. I plant potatoes and cassava. Potatoes is harvested within 4 months and some cassava stems are harvested within 3 months, 6 months or 8 months depending on what you got. When done well, I get 150% ROI at least quarterly. I'm sure of diversification in agriculture because I currently practice it. So there are businesses that are very profitable and are worth using as means of diversification for problem solving and emergency response purposes while still holding profitably.
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Bravut
Member
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Offline
Activity: 210
Merit: 42
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April 30, 2024, 05:31:04 PM |
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The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold.
Its not out of place to invest in a much longer time (more than 10 years). Actually you can invest for as much as you desire, but why the pointers are between 4 to10 years is for your investment to be profitable for you, so you don't buy when the price is higher and sell in the dip. That's surely a loss. With that time frame, you'd have seen good gains and can decide for yourself whether to continue, or take your gains and quit. Bitcoin is always there to welcome you whenever you choose to return to investing, just that your gains wouldn't be compared to the one who perseveres for a longer time, maybe up to twenty years or more. I'll advise that even after 10 years and you must've gotten your good profits, don't sell off, you can take of some part of your gains and invest into something worthwhile as a means of diversification, maybe agriculture or open a business that will continue catering for you so your investment remains untouched for another length of time and who knows, your investment can boom more than you expected and would provide you more funds to keep accumulating periodically. The goal is to keep increasing the portfolio for bigger and better profits. I will not diversify my bitcoin into another kind of business by selling it after 10 years, because like you said, for your bitcoin investment to reach 10 years timline, it means that you have been able to accumulate a significant amount of bitcoin, which you should just relax and continue buying with any strategy that you feel is comfortable for you. This is because that is when the compounding profit have a high capacity of generating higher profits for you than before. If you sell some parts and diversify into another new business. You will miss that compounding profit that would have been accumulating continuously overtime, which might help you reach your your fuck you status faster compared to when you sell part of it to diversify into another business. Another thing is that how are you sure that business will be able to give you profit within a short period of time that you started it. The business needs to monitored and during the early stage, it can take more money and more of your time to grow the business, and due to some inflationary problems a d government policies, the business might fail. Lastly, the profit that you will make from your new business is four years with stress and hard work might not be upto half of the profit that your bitcoin investment, that you continue holding without selling a dime after ten years will give you after an additional of four years. Currently, I think Bitcoin investment should be one of the best, if not be best to give you a better profit than any other investment. So these are what we consider before thinking of diversifying. I am not saying that to diversify into another investment that is not on the same line with bitcoin is bad. There surely can be some advantages to diversifying, especially when your bitcoin become a certain worth and also your bitcoin might overwhelmingly become too much value in one place, and your prior off-setting of your BTC with cash is not sufficient, so diversifying can be ways to consider diversifying into cash, but putting your cash to work.. which surely might mean locking it up and then also sometimes causing a lot of extra work if the way of diversification is NOT mostly passive but ways in which you might have to get involved personally. Besides just knowing that the answer is not straight-forward and there are factors to weigh, we likely are not going to want to jump into diversification for the mere sake of it.. especially if we might just be creating more work and expenses for ourselves and also causing ourselves to be less liquid... On the other hand people sometimes do want to have a purpose and meaning in the world and ways to interact with other people, so sometimes businesses and real estate could provide for those kinds of interaction vehicles, if they don't come at too high of a cost in terms of taking up our time in activities that we do not want to get caught up into. Diversifying is a good idea, but measures need to be taken before venturing into any investment or business. That can be met if after taking partial profit from your bitcoin holdings, ensuring not to offset your Bitcoin accumulation process and account, you use the profits to invest into a prospective business you have knowledge of this will help to balance your goals too. Though there is no guarantee that such business will yield more in the early phase but overtime it will be worth it. This is the best approach for me on how to use some of our profits made. Also ensuring a reinvestment into your Bitcoin holdings.
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JayJuanGee
Legendary
Offline
Activity: 3836
Merit: 10829
Self-Custody is a right. Say no to"Non-custodial"
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April 30, 2024, 05:42:53 PM |
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[edited out]
Diversifying is a good idea, but measures need to be taken before venturing into any investment or business. That can be met if after taking partial profit from your bitcoin holdings, ensuring not to offset your Bitcoin accumulation process and account, you use the profits to invest into a prospective business you have knowledge of this will help to balance your goals too. Though there is no guarantee that such business will yield more in the early phase but overtime it will be worth it. This is the best approach for me on how to use some of our profits made. Also ensuring a reinvestment into your Bitcoin holdings. Yes, there is a decent amount of personal discretion in making and following through with these kinds of decisions regarding, when, where and how to invest your money - perhaps based on BTC growth and or some needs (or feelings) to not have all of your investments in a narrow set of assets, such as ONLY in dollars and cash.. or maybe even if you have one or two other things, you might not feel comfort in that, especially if your BTC investment might have already been growing for a decent amount of time, such as 10 years or more. Hopefully any of us would be attempting to tailor our own approach to BTC allocations and/or reallocations and/or diversification in terms of of our own working through of our 9 factors. Surely another factor of diversification is that people come into bitcoin and they erroneously believe that they need to diversify early on in their investment, which truly is not correct, yet it can be difficult to know exactly how and what points to diversify, which largely means that individuals have to figure out these kinds of matters for themselves, and hopefully they can come to the right kinds of balances, especially if they are figuring out how much discretionary income they have (or other money that they have saved up/invested), so how much capital they have can also affect how reasonable it might be to diversify, and hopefully not getting distracted into shitcoins either, except maybe if they feels some irresistible urges to gamble with shitcoin then they would not invest anymore than 10% of the size of their bitcoin investment (and hopefully not cheating either in terms of draining their BTC investment by divertiing BTC funds into crap that is losing value).
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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macson
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April 30, 2024, 06:20:11 PM |
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Diversifying is a good idea, but measures need to be taken before venturing into any investment or business. That can be met if after taking partial profit from your bitcoin holdings, ensuring not to offset your Bitcoin accumulation process and account, you use the profits to invest into a prospective business you have knowledge of this will help to balance your goals too. Though there is no guarantee that such business will yield more in the early phase but overtime it will be worth it. This is the best approach for me on how to use some of our profits made.
Also ensuring a reinvestment into your Bitcoin holdings.
someone is 20 years late if he only has 1 source of income now, there are many ways to make money now as long as you are willing to work hard for it, i myself have an investment in bitcoin which i have been doing for the last few years, although not consistently but every several months i continued to buy and sell the bitcoin that i had, as a result my portfolio rose 30% (plus my payment in the signature campaign) since i first decided to invest in bitcoin. apart from investing in Bitcoin, i also diversify my investment in several assets, such as gold and property, but i plan to sell several percent of my gold investment to buy Bitcoin. Actually, diversifying investment is quite challenging, especially when the assets we own move quite wildly. Don't put all your money in 1 basket, this is what i remember.
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