Buy the DIP, and HODL!

[Cryptoprincess101]

People should remember that its better to buy and use the amount what they are capable to spend rather than trying their shot then don't know on when to get the funds to execute their next accumulation.  There's so many things that might happen in future and many challenges that might also come, that's why we need to have good discipline on our finances to make sure that everything is sustainable for us.

Discipline is one of the most important points when it comes to investing and planning from the start is one of the main things that must be done before making an investment. However, unfortunately many investors fail to understand this by assuming they want to immediately invest in Bitcoin and ignoring any plans that should have been made earlier.

I believe, if an investor has a good initial plan and is able to consistently obey their own rules, they will not have any difficulties even if they encounter certain problems in the future. Because smart investors must have planned everything very neatly and are able to face whatever will happen.

Having good discipline and careful planning is indeed a very important aspect to be able to apply when investing in bitcoin. But in my personal opinion, to invest in bitcoin, we don't need to fulfill all of these things perfectly (when starting to invest). Because everyone must have a different personality regarding discipline or planning when investing in bitcoin. Especially for beginners, of course many of them do not really understand what financial management is in detail. But even so, these beginners can still invest in bitcoin without any problems. Because to invest in bitcoin, you don't need to be a perfect person in terms of discipline at first. Because what is called discipline will definitely be built when the bitcoin investment is running or in the accumulation stage. That's why I think investing in bitcoin doesn't require many requirements, because the most important thing is to have discretionary income and dare to invest in bitcoin. Because in my opinion it's useless if someone has good discipline and good planning, but that person doesn't have the courage to start investing in bitcoin.

I understand your point, but you see; when it comes to discipline towards how you manage your finance when you want to start an investment, it should be given a proper attention be it a beginner or a pro. If it is about gathering enough knowledge before investing, it is not that important but for applying disciplinary financial measures during your time of investment, it is what will basically guide you so that you don't make some financial mistakes which will be problematic for you as you are making accumulations. If you have well planned disciplinary measures, then what will hinder or stop you not to start investing?

[Derekfunds]

Personally, I consider it to be not very helpful to be focused on profits, even though we might well presume that our odds of being in profits will be quite good after 4-10 years or more... but at the same time, our focus should be on ongoingly growing our BTC stash.. sure no problem to buy dips from time to time if we think that we are able to do that within reason, yet the more important part if just realizing that we continue to have little to no clue regarding short-to-medium term BTC price movements and we shoul⁷d largely be ongoingly accumulating bitcoin rather than trying to figure out whether or not there might be a dip, unless some kind of impending dip seems obvious and it is not going to distract us from our accumulation to merely wait a few days or some reasonably short period of time, and hopefully we are not delaying investing by several weeks, if we had been tending to be in the habit of buying bitcoin every week.

There is every tendency that anyone who is investing in Bitcoin with the mindset of profit making will definitely not go far in his or her investment because they will sell of their investment whenever they see a little profit due to market value appreciation,

With this reply, I think you are misinterpreting JayJuanGee. What JayJuanGee is saying is that, as a starting point for investing in Bitcoin, we should not focus on profit-making at first but on accumulating. Focusing on profits may not be very helpful initially, as it can cause someone to quickly lose hope in Bitcoin investment if the expected profits in time i they did not see it.

So, for you to say that everyone who invested in Bitcoin with the mindset of making a profit is "definitely not going far" is wrong. Everyone invests in Bitcoin with the aim of making a profit, and it is the profits investors have made in Bitcoin that lead people to describe it as a good investment.however, what I still observe from your comment is the way you put the words together. If that is not what you meant, always try to elaborate more so that people can better understand your point.

Well I think JJG has already made it clear in his previous and you are absolutely correct and perhaps that is what I wanted to say but didn't place the words and sentence correctly and thank you for correcting me. Having it in mind to make profit for a short period of time after starting a Bitcoin investment is not good because an investor won't be able to hold for long because of the small profit that he or she will be seeing if price double or appreciate. Moreover, the reason or aim why we are investing in Bitcoin is for profit making but not for a short term but rather for a long period of time so that we can get something tangible and anyone who wants to enjoy Bitcoin should ensure to hold for a long period of time because of it volatility.

[Justbillywitt]

 In terms of finances everyone can't and would never be equal so I don't expect everyone to invest equally, for instance cause Saylor or some investor you take as a mentor does the lumpsum or invest daily doesn't mean you should do same when your income doesn't allow you to, Bitcoin investment is done according to one's income and those earning little shouldn't be greedy regardless.

 Infact it would be very foolish to accumulate aggressively against once income, every strategy an investor uses should be according to their income at that moment then they can decide to increase the amount they invest with as the income they generate gets bigger with time, being to greedy comes with it's own disadvantage.

Akin to the saying that excess of everything is bad,  this also logically applies to Bitcoin investment, I know that it's good to try to increase your stash of Bitcoin as much as possible, but let it not be done at the detriment of your ability to finance your daily lives, that's why you must cut your coat according to your size, invest only what you can do away with for a very long time, not an amount that will compel you to temper with your holdings later.
And not saying that investing aggressively is bad, no, it's only bad if you don't have the leverage to do so, because if you do so when you can't afford it, it would be just a matter of time before you temper with your holdings.

You can't be aggressive if you don't have the means. It  takes some who have resources be aggressive. And for someone who have made provision of all the necessary back up funds can decide to be aggressive with his investment, and such investor won't touch his bitcoin holding. Different investors have different level of obligations and for someone with lesser obligations can decide to be more aggressive depending on what they want to achieve, within the period they are being aggressive with their accumulation. It's not always true that someone who is aggressive with his bitcoin accumulation is likely to touch his bitcoin holding along the line. Have your backup funds available, be aggressive as you can when necessary but make sure you are not over doing it.

[Antotena]

In terms of finances everyone can't and would never be equal so I don't expect everyone to invest equally, for instance cause Saylor or some investor you take as a mentor does the lumpsum or invest daily doesn't mean you should do same when your income doesn't allow you to, Bitcoin investment is done according to one's income and those earning little shouldn't be greedy regardless.
 Infact it would be very foolish to accumulate aggressively against once income, every strategy an investor uses should be according to their income at that moment then they can decide to increase the amount they invest with as the income they generate gets bigger with time, being to greedy comes with it's own disadvantage.

Akin to the saying that excess of everything is bad,  this also logically applies to Bitcoin investment, I know that it's good to try to increase your stash of Bitcoin as much as possible, but let it not be done at the detriment of your ability to finance your daily lives, that's why you must cut your coat according to your size, invest only what you can do away with for a very long time, not an amount that will compel you to temper with your holdings later.
And not saying that investing aggressively is bad, no, it's only bad if you don't have the leverage to do so, because if you do so when you can't afford it, it would be just a matter of time before you temper with your holdings.

When you do a background check on people and why they sell their Bitcoin after having an initial plan on holding is because they never plan very well to balance their finances and the Bitcoin they are holding. There is nothing absolutely wrong with holding Bitcoin, you can sell your house if you wish but not when you will be going around looking to a place where to place your head to pass the night, the probability of selling the Bitcoin later is highly possible.

People like CZ, the co founder of Binance sold his house in 2014, all of his other investments into Bitcoin when it was trading around $600 and today Bitcoin is trading at $100k and yet, he hasn't sold any of his Bitcoin and despite the fact that he has stepped down as the CEO of the exchange, I can say he his doing well enough earning well from Binance, the exchange was found later, this is how you do a proper investment.

Take a risk and locked into Bitcoin, don't look back and don't check what is happening around the market, this will he a set back if you do. If you can maneuver this and be patient  enough you will enjoy the fruit of been the patient guy but then again, learn to have other stream of income so you don't end up selling the only thing you are holding with all your life.

[BITCOIN4X]

~Snip

I understand your point, but you see; when it comes to discipline towards how you manage your finance when you want to start an investment, it should be given a proper attention be it a beginner or a pro. If it is about gathering enough knowledge before investing, it is not that important but for applying disciplinary financial measures during your time of investment, it is what will basically guide you so that you don't make some financial mistakes which will be problematic for you as you are making accumulations. If you have well planned disciplinary measures, then what will hinder or stop you not to start investing?

To become an investor, you don't need to know everything from day one. You just have to try and over time you will have to more or less invest in your brain instead of just building your investment portfolio. Investment in the brain can take the form of adequate nutritional intake, knowledge, experience and so on, you even need to find a suitable circle.

Investing is not about multiplying capital overnight, but this is something that must be done with careful strategy and consideration. Your investment approach will determine where you go, if it is right, then you will be successful as you want. Don't be too hard on yourself by satisfying your desire to invest as much as possible, several other things also need to be attention.

[JayJuanGee]

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Ongoing buying whether on the dip or not seems to be a good practice, yet there are quite a few guys who get to a certain quantity of bitcoin and they wrongly start to conclude that they have a enough or more than enough bitcoin.. and surely none of us can decide these kinds of balances for another member.  In other words, each of us is responsible for our own bitcoin holdings including making sure that we have enough and/or more than enough.

Once we reach a status of enough and/or more than enough, then more options will tend to open for us.

Exactly, We have different target and preference on how much we want to hold but for user like me that using Bitcoin as my future investment I have no define target amount since I preferred continuously growing my Bitcoin stash by sending them on my hardware wallet and rarely check it to avoid being tempted to sell.

I don’t know anymore my average buy but I do know that I’m in huge profit ever since I start stacking Bitcoin few years ago after the Covid-19.

I will agree that in the earliest of stages of one's investment journey, it may well be difficult to figure out any exact kinds of goals, because creating too many specifics in the goals may well play out as a kind of overkill - since there may be so many variables that cause it to be quite difficult to get into specifics, and so with the passage of time and the more bitcoin that is accumulated, then perhaps at some point, one or two cycles into the process of bitcoin accumulation, you might be able to get some better ideas about where you might be going in terms of your further accumulation base on your progress in accumulating BTC up to that point.

It could take a lot of guys more than 10 years to merely start to feel that they had been accumulating bitcoin through ongoing buying and then perhaps be able to figure out their specific accumulation targets.. .and perhaps in their earliest days their only target might be to accumulate as much bitcoin as they are able to accumulate without really knowing for sure what their target is going to be.

Aside from buying and holding, What is your other source of Bitcoin? Do you involve in mining?

Most of my accumulation of bitcoin came from either earning dollars or from reallocating dollar-based investments into bitcoin.  I had been building up my various investments for more than 20 years before I started to accumulate bitcoin in late 2013, so surely there are advantages that guys have when they had already been investing in other assets, yet there are disadvantages in regards to being older.. so even if some young folks might not have had been able to accumulate a lot of bitcoin due to their youth in the earlier bitcoin years, they still have the fortune of being younger and being able to build their bitcoin, so by the time that maybe they have been investing into bitcoin for 10 or even 20 years, they may well have had built wealth in much more solid ways that some of us who had been investing when we were in our 20s and 30s.

So my average annual return rate prior to getting into bitcoin was in the ballpark of 6% per year, and so it seems quite likey that bitcoin investments are going to perform better than my earlier performance rate.

For the most part, I did not do mining or even earn money in bitcoin, even though surely there could be opportunities in those kinds of areas to earn bitcoin, yet I doubt that it is necessary to earn bitcoin in order to invest in bitcoin, since the main idea with any investment is that any amount that any of us saves or invests, it should come from our discretionary income, so even if we are earning money in bitcoin, we still have our living expenses that we have to pay for, so if our only source of income is bitcoin then we have to spend our bitcoin, yet of course, if we have an income that is both bitcoin and dollars (or fiat), then we might be able to save our bitcoin, yet we can ONLY save our bitcoin in the event that our dollars are enough to cover all of our expenses, so the amount that we save in bitcoin needs to be more than the amount that we need for our expenses.

[edited out]

Its bad generalization for that matters since who doesn't like to get profit? Investor aims to get that but the difference is traders usually end up dumping their Bitcoin early, but long term holders usually sell later on and they are just happy to see that the market is pumping. Bitcoin is really intended or good for long term and unfortunately that there are still people caught up with the hype about short term richest that's why they fall on trap and earn bad faith for deciding to sell their Bitcoins.

No investors would not think about profit since what's the point of being here if we didn't aim that right? Its just common for long term holder to have long patience and they didn't think everything easy since most of experience holders know that there are better future and what we called good time to take their profit especially if they hit their target long term time line which usually last 5 - 10 years.

Sometimes it can be difficult to figure out the extent to which traders differ from investors, since many times traders may think that they are being a smarter kind of investor and they are selling most, if not all of their bitcoin with an intention to buy back cheaper.. so they might believe that they are able to do better than an investor who merely just holds his bitcoin, yet many times the trader will find out that he had ended up selling way too many bitcoin too soon, and he does not end up being able to buy cheaper, he spends a lot of time waiting to buy rather than actually buying.

The investor may well just continue to buy, and sure the investor might get worried about the price and sometimes try to buy bitcoin at lower prices rather than higher prices, yet there can also be many times that the investor wants to sell, but then he realizes and may well be reminded that it is best for him to either keep buying, or if he ran out of money to hold.. and maybe if he is nervous he stops buying and just lets his cash build up for a while (which is a form of holding), and then figures out some plan to continue buying, whether there is any additional dip in the BTC price or not.

There can be quite a bit of variety in the kinds of traders and the kinds of investors, yet we still might recognize that the investor at least tries to restrain himself from selling his bitcoin and either errors on the side of continuing to buy or just holding, and still he might make mistakes when he stops buying, yet he can still tend to be distinguished from the trader based on his either complete refusal to sell, or his ONLY selling in small quantities from time to time to potentially help him manage his cash flows and/or perhaps to attempt to help him with some of his psychology.

..

Of course anyone investing regularly into bitcoin, such as weekly, he will likely ongoingly see his bitcoin holdings to be increasing on a weekly basis, whether it is going up or down in terms of its dollar (or fiat) value.

so in some sense the bitcoin account amounts can be considered as a kind of savings that may or may not end up going up in dollar value with the passage of time... and surely we hope that 4-10 years or longer our bitcoin account will be in profits, even if we also realize that i tis not guaranteed to be in profits, but it still may well have a lot of value, whether it is in profits or not.

I know every investor is always happy whenever they see there investment going smoothly and sometimes it makes an investor go extra miles ( though within there capacity) because they believe there is going to be more  but whenever an investor sees his or her investment not going as planned they will began to have some thoughts but since we are investing for long term we should not be dismay or discourage whenever there is Dip because the ups and the downs is the beauty of Bitcoin and is a fact we should accept and know it and anyone who hold from 4-10 years will definitely benefit huge from it depending how well they invested .

what JJG is saying is that anyone who is investing in bitcoin regularly such as weekly and not monthly he or she will be ongoingly see his or her bitcoin holdings to be increasing on a weekly basis, wether it is going up or down  in terms of it's dollar or fiat value, that's to tell you that if you patronise the weekly DCA your bitcoin holding will increase  more than the monthly DCA.

And for second paragraph of JJG what his saying there in summary is that 4 to 10 years or longer that our bitcoin holding will be in profits, that even if we also realized our bitcoin holding is not guaranteed to be in profits that it still may have a lot of value wether if it's in profits or not.

Hoping that our bitcoin holdings will be in profits 4-10 years or longer is not the same as our bitcoin holdings being in actual profits.  We do our best in terms of our investment practices, and we hope that our bitcoin investment ends up in profits.

[edited out]

If you are not careful interpreting what JJG meant, you may end up confusing yourself. What he meant may not actually be what you said.  According to your explanation that JJG is saying that who is investing in bitcoin regularly such as weekly and not monthly he or she will be ongoingly see his or her bitcoin holdings to be increasing on a weekly basis, wether it is going up or down  in terms of it's dollar or fiat value.. for me I think what he just mean is that a person investing weekly or monthly without a long term focus may be thinking that his Bitcoin investment is increasing but perhaps it may not be increasing perhaps he should be more focused on a long term investment of 5-10 year and above.  thinking about the amount of Bitcoin he would have acculated by that time should be more focused on, instead of thinking about the little increase and decrease in Bitcoin price in dollar or fiat. Just that he didn't complete the statement that's why you didn't understand what he said.

If we keep buying bitcoin every week, then our quantity of bitcoin and/or our quantity of satoshis will keep increasing.

After accumulating bitcoin 4-10 years or longer, we should have a pretty good stash of satoshis.

Historically the bitcoin price has tended to be quite a bit higher than the 200-WMA,yet if we are buying bitcoin consistently, it is quite likely that our average cost per bitcoin would be right around the same as the 200-WMA after accumulating bitcoin for 4 years, and sure, the longer that we continue to accumulate bitcoin, our average cost per bitcoin will continue to be lower and lower than the 200-WMA.. since the 200-WMA will likely go up faster than our cost per BTC as long as we are mostly focused on ongoing accumulation of BTC... and so yeah, surely, we hope that all of this ends up paying off and we are in a stronger and stronger position in regards to our bitcoin.

It may also be the case that at some point we have enough BTC or more than enough BTC, so that the 200-WMA continues to go up, yet our cost per BTC stays the same.

I would also imagine that at some point, we will calculate our abilities to start to cash out bitcoin (withdraw from our bitcoin stash), which may well be price based cashing out or time based cashing out.

We cannot be guaranteed that the future will be as good as the past or even that we will end up in profits, even though surely it seems that bitcoin remains amongst the best of investments that is currently available to everyone and/or anyone in all parts of the world... perhaps even the best investment currently available to everyone and/or anyone..

By the way, I understand that these responses are a bit abstract, yet it seems to me that I had largely addressed the various outstanding issues, and surely guys should be attempting to measure their bitcoin accumulation targets at various points along the way, and sometimes they might change their targets based on their progress, yet if they are setting up good bitcoin accumulation practices and good cashflow management practices that involve maintaining back up funds such as emergency funds and reserve funds, then they are likely able to put themselves to invest aggressively into bitcoin with the amount of discretionary income that they have... and hopefully they would be making progress through the years and gaining in their bitcoin, and able to reassess where they are at from time to time and to figure out the extent to whihc they might want to tweak their bitcoin accumulation practices... ..

[Gost ms]

Akin to the saying that excess of everything is bad,

Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

[ginsan]

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

You know that the market moves every second and prices keep changing every second.

This is where a better stance is needed in managing yourself not to measure btc ownership against fiat in the relatively near future. Corrections certainly always happen even though we don't want to expect them but they will happen, so mental readiness is needed so as not to think about it when a sudden correction occurs.

For me, seeing that opportunity, DCA is the best strategy because we keep buying and we don't measure the amount of btc ownership with fiat. So it won't be a problem if a correction occurs because of the principles we apply for the long term.

In addition, we have to look at the history of previous years where old investors were able to hold bitcoin for a long time like 10 years or more and why they could do it because they have a strong mentality and don't measure btc with fiat, they only see the measure of btc with btc.

For that we have to really focus and forget the daily chart if we want to focus on investing for the long term.

[Tungbulu]

[edited out]

If you are not careful interpreting what JJG meant, you may end up confusing yourself. What he meant may not actually be what you said.  According to your explanation that JJG is saying that who is investing in bitcoin regularly such as weekly and not monthly he or she will be ongoingly see his or her bitcoin holdings to be increasing on a weekly basis, wether it is going up or down  in terms of it's dollar or fiat value.. for me I think what he just mean is that a person investing weekly or monthly without a long term focus may be thinking that his Bitcoin investment is increasing but perhaps it may not be increasing perhaps he should be more focused on a long term investment of 5-10 year and above.  thinking about the amount of Bitcoin he would have acculated by that time should be more focused on, instead of thinking about the little increase and decrease in Bitcoin price in dollar or fiat. Just that he didn't complete the statement that's why you didn't understand what he said.

If we keep buying bitcoin every week, then our quantity of bitcoin and/or our quantity of satoshis will keep increasing.

After accumulating bitcoin 4-10 years or longer, we should have a pretty good stash of satoshis.

Historically the bitcoin price has tended to be quite a bit higher than the 200-WMA,yet if we are buying bitcoin consistently, it is quite likely that our average cost per bitcoin would be right around the same as the 200-WMA after accumulating bitcoin for 4 years, and sure, the longer that we continue to accumulate bitcoin, our average cost per bitcoin will continue to be lower and lower than the 200-WMA.. since the 200-WMA will likely go up faster than our cost per BTC as long as we are mostly focused on ongoing accumulation of BTC... and so yeah, surely, we hope that all of this ends up paying off and we are in a stronger and stronger position in regards to our bitcoin.

It may also be the case that at some point we have enough BTC or more than enough BTC, so that the 200-WMA continues to go up, yet our cost per BTC stays the same.

I would also imagine that at some point, we will calculate our abilities to start to cash out bitcoin (withdraw from our bitcoin stash), which may well be price based cashing out or time based cashing out.

We cannot be guaranteed that the future will be as good as the past or even that we will end up in profits, even though surely it seems that bitcoin remains amongst the best of investments that is currently available to everyone and/or anyone in all parts of the world... perhaps even the best investment currently available to everyone and/or anyone..

By the way, I understand that these responses are a bit abstract, yet it seems to me that I had largely addressed the various outstanding issues, and surely guys should be attempting to measure their bitcoin accumulation targets at various points along the way, and sometimes they might change their targets based on their progress, yet if they are setting up good bitcoin accumulation practices and good cashflow management practices that involve maintaining back up funds such as emergency funds and reserve funds, then they are likely able to put themselves to invest aggressively into bitcoin with the amount of discretionary income that they have... and hopefully they would be making progress through the years and gaining in their bitcoin, and able to reassess where they are at from time to time and to figure out the extent to whihc they might want to tweak their bitcoin accumulation practices... ..

Your accumulation approach is indeed a well thought out one. By consistent accumulation overtime, an investor is more likely to benefit from the DCA strategy, which of course can greatly help in potentially reducing the impact of short term volatility in the market.
The 200-WMA also serves as a very helpful indicator/benchmark. When you check the History of Bitcoin, you’d notice that the price of Bitcoin has mostly been higher than this very average, and as you continue in your accumulation, your average cost per Bitcoin might also stay relatively stable, compared to the rising 200-WMA.

As an investor, it’s very important to review you investment goals from time to time and also make some necessary adjustments in your strategy accordingly. While doing this, one should always consider factors like your financial situation, investment horizon and of course risk tolerance level, which is also very important.

Unfortunately for some investors, they often normalize using a phased approach, where they gradually shift from consistent accumulation to attempt to make quick profit off the market. And a lot of things are involved when they do this, like setting specific price ranges and targets, or time based targets/milestones that will be due for cashing out, which is a very wrong approach. It’s important for an investor to always stick to long term approach at all time, which involves consistent accumulation and a long term perspective until they’ve reached a fuck you status or a state of over accumulation where they’ll be able to live off their investment.

[Tamaperdana]

If for example we have exceeded our accumulation target in bitcoin, I also agree that enjoying a little profit is also a good thing. Especially if the bitcoin accumulation time we have done has been more than 10 years, it is certain that enjoying profit is a good thing. But here I emphasize, we are still on the journey of accumulation in this bitcoin investment, so rather than talking about enjoying the results, I think it is better for us to look for a larger discretionary income, so that we can add cold funds that can be invested in bitcoin. Because I am sure that most of us here are still in the bitcoin accumulation stage. So it is better for us to focus on that only and not let our focus be disturbed by other things, such as bitcoin price fluctuations or about enjoying the results. Because basically if we can invest in bitcoin and hold it for more than 10 years, it is certain that the possibility of us getting a profit is definitely very large. So the point is don't worry about this.

We will invest in Bitcoin, but we will not think of taking profit very soon. In this case, I am sharing a real experience of mine, I and two of my friends started a cattle farm and when we started a cattle farm, we all made sure that each of us would invest some amount of money now and start our farm in the initial state by investing.
After starting our farm in the initial state, we will try to take our farm further. In this case, we all had a condition that we would not try to take any profit from the farm before six to seven years. Not trying to take any profit from our farm means that we will not sell any of our cows from the farm. We know that if we can maintain our farm properly, then after five to six years our profit will be ten times the capital and at that time we will share our profit, so that our farm is getting much bigger as well as our profit amount is getting much bigger.
I think about investment in this way too. 

When I invested in Bitcoin, I did not try to take profit and I am not trying to take profit from my investment till now. Currently, instead of taking profit, I am trying to take my investment further so that at some point my capital amount will be much larger and my profit amount will be much larger and I can set up another business with that profit and capital.

Yes, the story can indeed be applied to bitcoin investment. Although in reality raising cattle and investing in bitcoin have different risks, but in the context of seeking profit I also quite agree that it can be applied to bitcoin. However, it should also be remembered that you need money for daily needs, so when investing in bitcoin you must also have an income that can cover your needs and if possible you must also be able to set aside a little money to be used as an emergency fund. Because we don't know what the future will be like, preparing now is a very good thing. Then after there is unused money left (discretionary funds) then invest it again into bitcoin.

And the conclusion, investing in bitcoin does not mean that we should not enjoy the results. Because it is up to each bitcoin investor themselves. But if our goal is really to be achieved optimally in this bitcoin investment, I think we should just focus on accumulating. Because believe me if a bitcoin investor has enjoyed the results or profits at the beginning of the investment, it is possible that the investor will continue to take advantage of every opportunity and ignore his initial intention of investing in bitcoin. And that's what I'm afraid of. So until my goal is achieved I will continue to DCA and hold bitcoins.

[Jostern]

Akin to the saying that excess of everything is bad,

Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

In as much as we know that the Bitcoin can change Rapidly and it is unpredictable, we should also know that we should not expect the worse from it but for the better, That is why it is more advisable to focus on Long term investment instead of Trading, Because the risk factor in Long term investment is less, At every giving interval you should expect changes but never for the worse, I absolutely think that their is no reason to be scared of investing in Bitcoin in as much as we have a very good final plans set aside to manage our assets, As long as we continue to accumulate our Bitcoin and focus more on long term future plans, we definately going to reap the benefit in due time.

So I do not see any reason why we should not go full throttle on making Bitcoin Investment Long term. We should not also have boundries, limit whatsoever in our long term plans to hold.

[iamsange]

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

You said something wise enough for everyone to understand here, but apart from all that I just can’t understand why there are still people who like to invest in the short term through Bitcoin even though they also have more time to take it into the long term. So this is what sometimes makes me wonder even though they may have understood the technicalities in running long term investments such as providing knowledge for themselves and providing emergency funds to protect their own investments.

In fact, most people already know that Bitcoin is suitable to be bought and stored for the long term and this can be done slowly through the salary from our own work and if you want to trade while investing, it is better to look at other options because we must determine Bitcoin as an asset that must be stored after being purchased for a much greater victory in the future.

[Joy- maker]

Akin to the saying that excess of everything is bad,

Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

there is a big difference between investing and trading in bitcoin, investing in bitcoin is more profitable and less risky than trading, investing in bitcoin will enable you take control over your emotions and stay focus on building your portfolio, investing in  bitcoin will make you not to Panic nor sell your bitcoin loosee when dips occurs rather you buy those dips and hold.

But Trading bitcoin is very risky and you likely to at lost, if you are trading bitcoin your emotions will be control by the market causing you to make impulsive decisions, trading bitcoin will always make you to be in panic when ever bitcoin dip, so in opinion investing in bitcoin has more advantages than disadvantages, but in trading the disadvantages is more than the advantages.

[betswift]

You said something wise enough for everyone to understand here, but apart from all that I just can’t understand why there are still people who like to invest in the short term through Bitcoin even though they also have more time to take it into the long term. So this is what sometimes makes me wonder even though they may have understood the technicalities in running long term investments such as providing knowledge for themselves and providing emergency funds to protect their own investments.

In fact, most people already know that Bitcoin is suitable to be bought and stored for the long term and this can be done slowly through the salary from our own work and if you want to trade while investing, it is better to look at other options because we must determine Bitcoin as an asset that must be stored after being purchased for a much greater victory in the future.

The answer would be due to fear / not enough knowledge / disability to wait for their BTCs to grow in value as time marches on.

[SilverCryptoBullet]

there is a big difference between investing and trading in bitcoin, investing in bitcoin is more profitable and less risky than trading, investing in bitcoin will enable you take control over your emotions and stay focus on building your portfolio, investing in  bitcoin will make you not to Panic nor sell your bitcoin loosee when dips occurs rather you buy those dips and hold.

It sounds very like that Investment (in Bitcoin) will certainly guarantee profit for all Bitcoin investors. It sounds too good to be true, and your post missed a big hidden fact about challenge of Bitcoin investment. Bitcoin value grows up with time, Bitcoin price increases with time and if you have a wide view its price increases by market cycle, not only by months or by years.

The challenge to Bitcoin investors is whether they understand Bitcoin market cycle and are able to prepare capital, individual finance for other spendings, and good psychology to deal with bear market, corrections even in bull market, to reach the sky and gain good profit.

Investors who can not do those things will have more risk of getting loss.

If investors have good vision of investing and holding their bitcoin for about 5 years or longer, chance of getting profit is quite high.

https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/
https://hodl.camp/

Other people got profit and if you want to get profit like them, you must do nearly similar what they did and as said only invest is not enough, you must invest rightly.

[Fuso.hp]

Hoping that our bitcoin holdings will be in profits 4-10 years or longer is not the same as our bitcoin holdings being in actual profits.  We do our best in terms of our investment practices, and we hope that our bitcoin investment ends up in profits.

First of all, when we start investing, we all expect that after investing, that investment will end in profit and the purpose of every investor is the same.
Investors now invest hard so that in the future, all these investors get a good amount of profit and with this purpose, investors invest and in the beginning, every investor tries to invest in a long-term plan.

Here we have to accept a truth that after investing our money in Bitcoin, we keep that investment for 5 years or 10 years, but there is no guarantee that it will make a profit, but from the idea we have got about the market so far and the behavior of the market from the beginning to the present, we can say that if we hold it for a long time, we will definitely get a profit. That is why if we hold it for a long time after investing in Bitcoin, we will get a profit because since Bitcoin has been in the market until now, its popularity has not decreased, but rather the popularity of Bitcoin has only increased. 

As Bitcoin's popularity continues to grow each year, the number of investors in Bitcoin will increase, and the more investors invest in Bitcoin, the more the value of Bitcoin will increase. Those who think deeply before investing in Bitcoin are in favor of long-term investment and it is seen that after holding the investment for a long time, they often share stories of how they got a good amount of profit from investing in Bitcoin.

So our goal should be to hold the investment for a long time.

[As-Soon-As]

Akin to the saying that excess of everything is bad,

Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

The Bitcoin market is always in a state of volatility, so you need to plan for long-term holding of Bitcoin by maintaining this situation. If you want to be a good investor, then you have to continue to follow the deep purchase and DCA method in Bitcoin, you should observe and keep learning, the more you follow the Bitcoin DCA method, the more success you will get.
 And if you have a money crisis, you can invest weekly with all the money, in this way your investment will be quite big after a long time and if you can continue to invest in the DCA method for a few years, your portfolio will be much bigger.

[arwin100]

Akin to the saying that excess of everything is bad,

Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

And with that those fast change of phase could those traders a loser especially if they don't know how to handle the situation. That's why I really don't like to deal with trading especially if we talk about Bitcoin since the volatility of market cause us an head ache especially if we can spot those possible best position to sell our Bitcoins. This is the reason that choosing long term is the best option to take since we don't need to worry about anything that might happen on the market and what we need to pay attention is to buy Bitcoin consistently.

Also for saying that they must have a right knowledge might confuse people and they dive into something that unnecessary. For that I can say that having a basic knowledge about Bitcoin is fine already since they could start buying Bitcoin since accumulating is actually easy to do. It became hard if you pay attention on any unimportant matters.

[Stormisover]

Akin to the saying that excess of everything is bad,

Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.

The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.

In as much as we know that the Bitcoin can change Rapidly and it is unpredictable, we should also know that we should not expect the worse from it but for the better, That is why it is more advisable to focus on Long term investment instead of Trading, Because the risk factor in Long term investment is less, At every giving interval you should expect changes but never for the worse, I absolutely think that their is no reason to be scared of investing in Bitcoin in as much as we have a very good final plans set aside to manage our assets, As long as we continue to accumulate our Bitcoin and focus more on long term future plans, we definately going to reap the benefit in due time.

So I do not see any reason why we should not go full throttle on making Bitcoin Investment Long term. We should not also have boundries, limit whatsoever in our long term plans to hold.

It is quite pleasant that Bitcoin has shown or proven to be the best asset in the world now,  but your over exaggeration can make someone think that Bitcoin is 100 percent risk free or guarantee to be successful, it is even a wise decision or perception for investors to balance their expectations in terms of Bitcoin over performing their expectations and also think in the direction of the worst that may may not happen, even in our long term plans to hold for the future benefits there is need to have boundaries and limits to avoid being overly exhausted in terms our expectations, our investment allocationand and general decision making so you don't become disappointed when things didn't work in your expectations.

[Gallar]

People should remember that its better to buy and use the amount what they are capable to spend rather than trying their shot then don't know on when to get the funds to execute their next accumulation.  There's so many things that might happen in future and many challenges that might also come, that's why we need to have good discipline on our finances to make sure that everything is sustainable for us.

Discipline is one of the most important points when it comes to investing and planning from the start is one of the main things that must be done before making an investment. However, unfortunately many investors fail to understand this by assuming they want to immediately invest in Bitcoin and ignoring any plans that should have been made earlier.

I believe, if an investor has a good initial plan and is able to consistently obey their own rules, they will not have any difficulties even if they encounter certain problems in the future. Because smart investors must have planned everything very neatly and are able to face whatever will happen.

Having good discipline and careful planning is indeed a very important aspect to be able to apply when investing in bitcoin. But in my personal opinion, to invest in bitcoin, we don't need to fulfill all of these things perfectly (when starting to invest). Because everyone must have a different personality regarding discipline or planning when investing in bitcoin. Especially for beginners, of course many of them do not really understand what financial management is in detail. But even so, these beginners can still invest in bitcoin without any problems. Because to invest in bitcoin, you don't need to be a perfect person in terms of discipline at first. Because what is called discipline will definitely be built when the bitcoin investment is running or in the accumulation stage. That's why I think investing in bitcoin doesn't require many requirements, because the most important thing is to have discretionary income and dare to invest in bitcoin. Because in my opinion it's useless if someone has good discipline and good planning, but that person doesn't have the courage to start investing in bitcoin.

I understand your point, but you see; when it comes to discipline towards how you manage your finance when you want to start an investment, it should be given a proper attention be it a beginner or a pro. If it is about gathering enough knowledge before investing, it is not that important but for applying disciplinary financial measures during your time of investment, it is what will basically guide you so that you don't make some financial mistakes which will be problematic for you as you are making accumulations. If you have well planned disciplinary measures, then what will hinder or stop you not to start investing?

Yes, as I said above I also agree that having good financial discipline when starting to invest in bitcoin is very good. Because it is true that if someone already understands what is called financial discipline, that person certainly has the potential to be smoother in making their investment in bitcoin. But the fact is that there are quite a few people who are interested in investing in bitcoin, but those people basically do not understand financial discipline. But even so, people like that still invest in bitcoin because they already have cold money that has definitely been collected by those people. So what I mean here is underlining the beginning of investing in bitcoin.

The point is that people who do not really understand specifically about what is called financial discipline can immediately jump into bitcoin investment. But that does not mean that my assumption is absolutely good, because ideally for someone who wants to invest in an asset like bitcoin, it would be better to know about financial management and other things like emergency funds. But I personally have the assumption that even people who are really beginners can invest in bitcoin. Because bitcoin is basically quite safe for novice investors, as long as the novice really has cold money. Because of the matter of financial discipline or financial management, I think that over time, they will definitely understand. Because usually people who have entered the realm of investment will mostly learn about it.