Buy the DIP, and HODL!

[Gost ms]

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Let us be sincere to ourselves even without having a Bitcoin investment emergency funds is essential in the general point of view provided that you are earning provisions for it should be made because unforseen circumstances will always be there just that many people pays less attention to it's importance, anyone that fails to plan is actually planning to fail, most of those good investments practices are also applicable in real life experience that should not be ignore and emergency funds is one among them.

Poor investors that sold their Bitcoin don't necessarily mean that they have bad financial management plan, it is mostly due to lack. With all your experience about financial management if you don't have funds to manage you can sell your Bitcoin to survive. I believe that investors that have the correct knowledge about the benefits of hodling for the long term will not intentionally sell their Bitcoin prematurely, it always has to be because they don't have any another choice.

Investments are secondary needs, your funds have to first cover for primary needs that are essentially for immediate survival. If your income cannot cater for your primary needs like food, there's no need to make provision for DCA funds because you will still sell prematurely to survive. Discretionary funds from where you get investment fund and emergency funds are important but the most important is funds for primary expenses. Poor people should try to think outside the box on how to increase their income so that they can have something remaining to put into their discretionary funds after their basic expenses are taken care of.

Bitcoin investment is meant for people with stable income, not necessarily people with large income. A person is to invest based on his capacity by DCA. A low income earner has a little discretionary income and could choose to invest the least possible buyable quantity of bitcoin which is slightly above $1 per DCA. The problem is that some don't have a life plan. You only plan with your stable source of income, not a random source of no specific amount. When you plan DCA, you make provision for every possible emergency situations first.

Selling off your bitcoin because you are poor is a clear indication of initial error in planning your DCA or investing today with no hope for tomorrow. Think life first before choosing a DCA amount. Anyone who thinks of long-term holding would never invest beyond his capacity because he could end up loosing part of his investments when the storms come and then run a loss.

Your comment is very confusing. What do you mean by not necessarily for high income people? Anyone can invest, there are many who get paid daily, and there are many who get paid every 6 months or 1 year. Can they not invest? This should never be said as it can confuse a new investor. Those who do not have a source of income can invest even if they want. It is better to have a little than nothing.

You can continue investing in the DCA method and create an emergency fund along with this investment. So that you can take money from the emergency fund to deal with your unexpected financial disaster. It is very important to keep three times your stable income or three months worth of money in your emergency fund.

[maydna]

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Before investing, it's crucial to have a solid foundation in place. Proper planning, including building an emergency fund, is just as important as the investment itself. Investors should prioritize setting clear financial goals and developing a long-term plan to avoid being forced to withdraw funds prematurely. By doing so, they'll be better equipped to handle financial challenges and hold onto their investments for better returns.

That bold sentence happen to many people especially when they are in the situation needs of cash. They sell their Bitcoin investment even in the correction so what they get is not as what they expect. So that is why we must have a plan, knowledge, and money management so we will not meet that situation. The key of this will be how we can manage our income properly and distribute in the correct financial post.

[Ricardo11]

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Let us be sincere to ourselves even without having a Bitcoin investment emergency funds is essential in the general point of view provided that you are earning provisions for it should be made because unforseen circumstances will always be there just that many people pays less attention to it's importance, anyone that fails to plan is actually planning to fail, most of those good investments practices are also applicable in real life experience that should not be ignore and emergency funds is one among them.

Many new gamblers make a mistake at first that they think that investing means just investing and taking profits, that's all. But as easy as they think about an investment at first, in reality it is more difficult than they expect. Not everything goes as we expect, our lives are full of unexpected situations, and such unexpected situations can come in a person's life at any time.
And thinking in both cases, Bitcoin investment must be long-term, without long-term holding,it is very hard to expected good from Bitcoin. And to hold Bitcoin for the long term, you must first create your financial situation in such a way that your Bitcoin holdings are never damaged. And I think that the only option to keep your Bitcoin holdings intact in any unexpected situation is to build a strong emergency fund.

Emergency fund is a very important thing, but people may not understand its real importance at first, but when they face a real situation, and they have to sell their holdings at a loss without wanting to, then they will understand the real importance of emergency fund.
It is very sad that people do not understand the right thing in time, or do not try to understand, when they are faced with real situations and are negitively affected, then they want to correct their mistakes, but at that time they have no other choice.
Therefore, a long-term investor should first focus on emergency funds, keep a strong source of income as well as an emergency fund ready and continue to invest in Bitcoin for the long term, then good success will definitely come.

[As-Soon-As]

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Before investing, it's crucial to have a solid foundation in place. Proper planning, including building an emergency fund, is just as important as the investment itself. Investors should prioritize setting clear financial goals and developing a long-term plan to avoid being forced to withdraw funds prematurely. By doing so, they'll be better equipped to handle financial challenges and hold onto their investments for better returns.

That bold sentence happen to many people especially when they are in the situation needs of cash. They sell their Bitcoin investment even in the correction so what they get is not as what they expect. So that is why we must have a plan, knowledge, and money management so we will not meet that situation. The key of this will be how we can manage our income properly and distribute in the correct financial post.

We will think about income later, because we have to start with Bitcoin investment. If we do not invest in Bitcoin correctly, then we will not be able to earn any income or dividends, so we have to use our Bitcoin investment and money properly, only through Bitcoin investment can we succeed.
We have to do it according to the DCA method through regular Bitcoin investment, and we have no opinion on whether the investor can control his money as he wishes from the income of Bitcoin investment. The investor will control the dividends as he wishes.

[Zackz5000]

Therefore, a long-term investor should first focus on emergency funds, keep a strong source of income as well as an emergency fund ready and continue to invest in Bitcoin for the long term, then good success will definitely come.

Having an emergency fund is important in bitcoin investment but not having it at first or not having a strong source of income as you said shouldn't stop you from not Investing in bitcoin or getting started with your bitcoin investment, for what you mostly need to get started is your discretionary income then along your investment journey you can now plan on how you can step up your emergency fund and also work on increasing your financial strength so you can keep your bitcoin investment going.

As waiting more further to have an emergency fund and also setting a strong source of income before getting started may lead to much delay and continuous procastination of not getting started at the end which you might regret why you never got started when the little opportunity was there to start accumulating Bitcoin.
The reason for the DCA strategy is to accumulate Bitcoin without first having huge income flow, buying gradually regularly and consistently either weekly or monthly and hodl for long.

[POPOLUV]

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Let us be sincere to ourselves even without having a Bitcoin investment emergency funds is essential in the general point of view provided that you are earning provisions for it should be made because unforseen circumstances will always be there just that many people pays less attention to it's importance, anyone that fails to plan is actually planning to fail, most of those good investments practices are also applicable in real life experience that should not be ignore and emergency funds is one among them.

I don't know why i so much believe on these saying, he that fail to plan, plan to fail. I'm drawing the attention of any investors that has not see an emergency funds to be so essential to any investors that has yet build up his emergency fund because there are always unforseen circumstances on the way that might just come and we need this emergency fund to tackle it at once and also the newbies that are yet to start buying Bitcoin, should always follow the right ways and build their Bitcoin portfolio.

[Tamaperdana]

So that mean if someone don't want to lose their money, they just need to buy and hodl which will be safe for them. Trading is difficult if they don't have skill so they must realize that trading is good or bad for them so they can decide to choose the right for them. Bitcoin investment will be a good choice for them to have many Bitcoin, start from small amount of satoshis and continue buy using DCA and keep buying if the price is down because that will be a good time to add more Bitcoin to their wallet. Yes, using DCA help them to buy Bitcoin in the right time, no matter what the situation and condition in the market. They just concern with the time to buy Bitcoin and buy it while the time come.

In my opinion, now is a good time to buy bitcoin, because currently the price of bitcoin is still relatively cheap. So buying now is the right thing to do, because in a decade or even half a decade the price of bitcoin will definitely be much more expensive than now. So in this phase I think we don't need to think about the price if we are going to buy bitcoin, because we have to look at the future that is further away that the price of bitcoin will definitely be much more expensive than now. So whether it uses the DCA or Lump sum strategy, I think buying bitcoin as soon as possible is the right thing to do if you have discretionary income. Because if you wait for the price to drop first to buy bitcoin, I think that is a less than ideal strategy, especially for beginners who are just starting out. So the point is to take advantage of the current time to start investing in bitcoin, because now is the right momentum to buy bitcoin.

Not actually cheapest but somehow its still good to enter knowing the potential of Bitcoin is really great. We already see those good snapshot of possible big adoption will come unto it and we see that demand continue to rise due to those Bitcoin reserves announcement also more big companies taking their shares to invest on Bitcoin.

Not only that Bitcoin became more famous globally so with those positive things already happened at this point it already give us some ideas that Bitcoin price would potentially grow more in future.

We provably know what will be the future figures to come with Bitcoin in future, but we can say that chances to earn is high especially that those efforts made by government to adopt Bitcoin would generate more demands.

I'm not saying the cheapest, but I'm saying that currently bitcoin is still relatively cheap when compared to its price in the next 10 years. Because as you said that bitcoin is a very potential investment asset and has a very bright future. Even some countries have glanced at bitcoin with the aim of investing in it. So with this, you can imagine how much bitcoin will be in the future if, for example, many countries and people have invested in bitcoin. In addition, bitcoin has a limited supply of only 21 million, and the long mining time makes bitcoin a very limited investment asset. So with this, it is clear that in the next 10 years, the price of bitcoin will most likely be much more expensive than it is now. That's why I said that the current price of bitcoin is still relatively cheap. Because in the future bitcoin could potentially have a price 10 times more expensive than its current price. That's why starting to invest in bitcoin now is the right thing to do.

[Jostern]

Even if we do everything perfect, we are still not guaranteed to make profits - even though if we engage in strong cashflow management practices, then it becomes less likely that we are going to be easily shaken out of our investments based on sloppy practices.

No guarantee about future and existence of Bitcoin so no certain profit from our Bitcoin investment. There is always uncertainty in everything we do, including our investment, with probability of profit and loss. Good management is helpful for reducing risk while increasing chance of success but there is no management that can completely eliminate risk.

I understand that nothing is guaranteed but your stand on the future of Bitcoin is totally discouraging. If we don't have some level of faith in Bitcoin that it will give us good financial return in the future, how do you expect one to be committed to buying and holding? Some of us are not just following the crowd to buy but doing it dutifully as a retirement plan and part of what we will be handing over to heirs, with your position in Bitcoin, it brings some form of fear and skepticism. People who had this opinion a decade ago are today regretting why they never got started with Bitcoin the moment they knew about it; I'm sure 10 years from today some people including you will always regret why you did not take this seriously when others were taking the risk anyways. I will try my best not to allow this deter me because there is a saying that "no risk, no reward".

It’s understandable that there is no guarantee eventually if we do everything right, I also learnt we should really not be concerned about profit at some point, if we’re mainly focused on profit which might make us sound like an trader, And as a Beginner we should be more interested in continuous accumulation and to be more aggressive if we have the opportunity to do so, I’ve been motivated in a long run in my journey of building a successful bitcoin portfolio and trying everything possible to have a successful investment, but I’m quite confused about having faith or believe, Or we should be more interested in following the right strategies that are discussed here for us to learn and grow, Is faith really the guarantee for a successful future in Bitcoin ?

[Wind_FURY]

Most of the things I have learned are that our consistent actions in buying Bitcoin will pave the way to a more perfect accumulation target. The thing I remember most is that the moment of purchase is an action that is not repeated or difficult to repeat like those who buy at $1k and that is the moment of purchase.

So for that if you make a purchase today it is a good purchase that will be missed in the decades to come.

For example, you build the foundation of a house slowly and that is what happens in the investment that we run with DCA, we accumulate bitcoins slowly and without us realizing it, over time our bitcoins will increase.

Profit is not guaranteed, but I believe that bitcoin investment is the best right now. I believe we are not too slow and not too early but we are still called holders. Holders are winners, there is nothing wrong with that.

"Profit is not guaranteed" would be the best premise to tell someone if they ask you for advice about investing in Bitcoin - although, we already know that in a zoomed out viewpoint, profit by merely HODLing Bitcoin is 100% more probable than saving all their money in fiat in a savings/interest account.

They're savings account may accrue interest, but the amount of interest won't be enough to make up for the devaluation of the currency - NO PROFIT.

[HelliumZ]

Bitcoin broke all previous records for the first time and set a record for the highest price. Bitcoin broke the previous record of 109k and set a new record today. Bitcoin has set new records today and will continue to set new records in the future. For those who have not invested in Bitcoin, now is the right time to invest in Bitcoin.
Buy and hodl.

[Justbillywitt]

Edited out

Edited out

I understand that nothing is guaranteed but your stand on the future of Bitcoin is totally discouraging. If we don't have some level of faith in Bitcoin that it will give us good financial return in the future, how do you expect one to be committed to buying and holding? Some of us are not just following the crowd to buy but doing it dutifully as a retirement plan and part of what we will be handing over to heirs, with your position in Bitcoin, it brings some form of fear and skepticism. People who had this opinion a decade ago are today regretting why they never got started with Bitcoin the moment they knew about it; I'm sure 10 years from today some people including you will always regret why you did not take this seriously when others were taking the risk anyways. I will try my best not to allow this deter me because there is a saying that "no risk, no reward".

It’s understandable that there is no guarantee eventually if we do everything right, I also learnt we should really not be concerned about profit at some point, if we’re mainly focused on profit which might make us sound like an trader, And as a Beginner we should be more interested in continuous accumulation and to be more aggressive if we have the opportunity to do so, I’ve been motivated in a long run in my journey of building a successful bitcoin portfolio and trying everything possible to have a successful investment, but I’m quite confused about having faith or believe, Or we should be more interested in following the right strategies that are discussed here for us to learn and grow, Is faith really the guarantee for a successful future in Bitcoin ?

When it comes to bitcoin investment, faith and believe are completely irrelevant, because bitcoin was not founded on religious ground. So you faith or believe changes nothing. To grow your bitcoin portfolio and become successful at the end of your holding period, you should be more interested in following the right strategies that are discussed here for you to learn and grow as an investor. Remove any thoughts of faith and believe from your mind, that's not what makes a successful investor.

[Futurexxx]

Bitcoin broke all previous records for the first time and set a record for the highest price. Bitcoin broke the previous record of 109k and set a new record today. Bitcoin has set new records today and will continue to set new records in the future. For those who have not invested in Bitcoin, now is the right time to invest in Bitcoin.
Buy and hodl.

I know that you are a bit excited that Bitcoin is back to the $109k mark, but try to get your facts right before saying it here.
It's true that Bitcoin got up to $109,400 plus, but that is below the previous all time high, if am not mistaken the previous all time high is $109,900 plus, so you see that you are wrong, though I am expecting Bitcoin to set a new all time high today or tomorrow because it's seriously on the rise, but don't be giving us wrong information buddy, calm down, we will surely get there, just buy more and hodl.

[Zaguru12]

There are a lot of newbies and/or even poor folks who do not engage in good cashflow management practices, and they are more easily shaken from their investment as compared with a rich person who might already have a lot of back up funds in place, including friends and relatives who might be able to bail them out when they screw up their cashflow management.  Poor people do not tend to have a lot of back up funds that are naturally in place as compared with more well-off investors.

Permit me to tag this set of newbies or folks has weak hands, most often they are the ones that usually panic sell when the market is dipping due to fear of actually losing. This newbies or not so bouyant folks already have the narrative that bitcoin usually pumps and gives profits, even though bitcoin has historically proven that the market price will go up there is no guarantee that this will happen or when it will happen. So just like what you said it is best for every investor to actually have risk management what to fall back to when the market doesn’t pump.

It is not always that you use discretionary capital or funds you have but as an investor can you handle the risk if the investment hits a stone, having back up funds doesn’t only save you from risks but also helps you to be able to hold for long regardless of the market conditions and that’s the tool to been profitable in the bitcoin

[Merit.s]

Edited out

Edited out

I understand that nothing is guaranteed but your stand on the future of Bitcoin is totally discouraging. If we don't have some level of faith in Bitcoin that it will give us good financial return in the future, how do you expect one to be committed to buying and holding? Some of us are not just following the crowd to buy but doing it dutifully as a retirement plan and part of what we will be handing over to heirs, with your position in Bitcoin, it brings some form of fear and skepticism. People who had this opinion a decade ago are today regretting why they never got started with Bitcoin the moment they knew about it; I'm sure 10 years from today some people including you will always regret why you did not take this seriously when others were taking the risk anyways. I will try my best not to allow this deter me because there is a saying that "no risk, no reward".

It’s understandable that there is no guarantee eventually if we do everything right, I also learnt we should really not be concerned about profit at some point, if we’re mainly focused on profit which might make us sound like an trader, And as a Beginner we should be more interested in continuous accumulation and to be more aggressive if we have the opportunity to do so, I’ve been motivated in a long run in my journey of building a successful bitcoin portfolio and trying everything possible to have a successful investment, but I’m quite confused about having faith or believe, Or we should be more interested in following the right strategies that are discussed here for us to learn and grow, Is faith really the guarantee for a successful future in Bitcoin ?

When it comes to bitcoin investment, faith and believe are completely irrelevant, because bitcoin was not founded on religious ground. So you faith or believe changes nothing. To grow your bitcoin portfolio and become successful at the end of your holding period, you should be more interested in following the right strategies that are discussed here for you to learn and grow as an investor. Remove any thoughts of faith and believe from your mind, that's not what makes a successful investor.

Maybe, he wanted to say confidence and said faith. It's very important for one to grow his confidence in bitcoin because that's what will determine his level of aggressiveness within his discretionary income. Investors who invest in a whimpy way have small confidence in what bitcoin price can be in future, if not they wouldn't mess with their chances of multiplying their wealth in future by accumulating with a good amount.

However, a new beginner without any confidence in bitcoin can start investing with very little amount of money as little as $10 every week overtime. As he continues buying and having experience in the price movement of bitcoin, that will increase his confidence after one or two years and that investor will decide to increase his DCA amount because his confidence in bitcoin has increased. However, it's better to be a low coiner than a no coiner.

[JayJuanGee]

[edited out]

You’re right about your illustrations especially as it concerns the reality of life because In as much as the future optimism is high, we must not also forget about the reality of life as an investor. Poor cash flow management practices is one thing that is capable of ruining one’s financial life be it business or investments. Bitcoin investment is a long term strategy and at such it needs to be given the adequate attention and time,and also follow it up with the right strategies. that’s mostly why as an investor you need to have a source of income coming in either monthly, weekly or daily and even if you have this steady income source, without having the right mentality or the right financial management skill, there’s every tendency that your investment is going to crash even before time. You don’t have to venture into bitcoin investment with a quick profit making mindset because you’ll so be disappointed, but with the long term strategy of accumulating and holding, it will surely pay off. Bitcoin Investment is not a gamble where your chances are 50-50, and since it’s based on chance and those chances are created by some outcomes which are beyond your control. But In bitcoin investment you just need to have the right approach and mindset, even though both of them involved risk, but with the right strategy of investing in long term, that is continuous and consistent accumulation and holding for the long term, with informed decision. It will certainly pay off in the long run.

With bitcoin investment and cashflow management practices, we should be striving to be prudent, even if we might also be trying to be aggressive in our bitcoin accumulation through buying techniques, within the areas that we can control. There are areas outside of our control, yet we can still attempt  to learn about areas outside of our control so that we are financially and psychologically prepared for a variety of scenarios, including extreme scenarios.

[Jostern]

Most of the things I have learned are that our consistent actions in buying Bitcoin will pave the way to a more perfect accumulation target. The thing I remember most is that the moment of purchase is an action that is not repeated or difficult to repeat like those who buy at $1k and that is the moment of purchase.

So for that if you make a purchase today it is a good purchase that will be missed in the decades to come.

For example, you build the foundation of a house slowly and that is what happens in the investment that we run with DCA, we accumulate bitcoins slowly and without us realizing it, over time our bitcoins will increase.

Profit is not guaranteed, but I believe that bitcoin investment is the best right now. I believe we are not too slow and not too early but we are still called holders. Holders are winners, there is nothing wrong with that.

"Profit is not guaranteed" would be the best premise to tell someone if they ask you for advice about investing in Bitcoin - although, we already know that in a zoomed out viewpoint, profit by merely HODLing Bitcoin is 100% more probable than saving all their money in fiat in a savings/interest account.

They're savings account may accrue interest, but the amount of interest won't be enough to make up for the devaluation of the currency - NO PROFIT.

You’re absolutely right, in as much as we should know that profit isn’t guaranteed whichever way we want to understand it, but it is also understandable that we should also be aware that Investing and holding for a long term is very important for someone whose aim and objective is to build a successful portfolio for future purposes, and that is why we should never consider a short term goal, whoever that think about profit on a regular basis that person is considered as a Trader and not an Investor.

[Joy- maker]

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Let us be sincere to ourselves even without having a Bitcoin investment emergency funds is essential in the general point of view provided that you are earning provisions for it should be made because unforseen circumstances will always be there just that many people pays less attention to it's importance, anyone that fails to plan is actually planning to fail, most of those good investments practices are also applicable in real life experience that should not be ignore and emergency funds is one among them.

Poor investors that sold their Bitcoin don't necessarily mean that they have bad financial management plan, it is mostly due to lack. With all your experience about financial management if you don't have funds to manage you can sell your Bitcoin to survive. I believe that investors that have the correct knowledge about the benefits of hodling for the long term will not intentionally sell their Bitcoin prematurely, it always has to be because they don't have any another choice.

Investments are secondary needs, your funds have to first cover for primary needs that are essentially for immediate survival. If your income cannot cater for your primary needs like food, there's no need to make provision for DCA funds because you will still sell prematurely to survive. Discretionary funds from where you get investment fund and emergency funds are important but the most important is funds for primary expenses. Poor people should try to think outside the box on how to increase their income so that they can have something remaining to put into their discretionary funds after their basic expenses are taken care of.

Bitcoin investment is meant for people with stable income, not necessarily people with large income. A person is to invest based on his capacity by DCA. A low income earner has a little discretionary income and could choose to invest the least possible buyable quantity of bitcoin which is slightly above $1 per DCA. The problem is that some don't have a life plan. You only plan with your stable source of income, not a random source of no specific amount. When you plan DCA, you make provision for every possible emergency situations first.

Selling off your bitcoin because you are poor is a clear indication of initial error in planning your DCA or investing today with no hope for tomorrow. Think life first before choosing a DCA amount. Anyone who thinks of long-term holding would never invest beyond his capacity because he could end up loosing part of his investments when the storms come and then run a loss.

I agree with on This one no doubt, bitcoin investment is meant for people with stable income and not necessarily people with large income, everybody is to invest in bitcoin base on their own finance capacity using the DCA method going above your financial capacity is a wrong investing strategy that can endanger your bitcoin investment, so I we urge everyone one of to always stick to our financial capacity and accumulate bitcoin consistently using the DCA method and hold for long term 5 to 10 years or longer, and also make sure you make provision for emergency fund and backup fund very necessary for an investor to have, incase emergencies arises you will have emergency fund that will handle that emergency without tempering with your bitcoin investment.

[MainIbem]

]
When it comes to bitcoin investment, faith and believe are completely irrelevant, because bitcoin was not founded on religious ground. So you faith or believe changes nothing. To grow your bitcoin portfolio and become successful at the end of your holding period, you should be more interested in following the right strategies that are discussed here for you to learn and grow as an investor. Remove any thoughts of faith and believe from your mind, that's not what makes a successful investor.

Maybe, he wanted to say confidence and said faith. It's very important for one to grow his confidence in bitcoin because that's what will determine his level of aggressiveness within his discretionary income. Investors who invest in a whimpy way have small confidence in what bitcoin price can be in future, if not they wouldn't mess with their chances of multiplying their wealth in future by accumulating with a good amount.

However, a new beginner without any confidence in bitcoin can start investing with very little amount of money as little as $10 every week overtime. As he continues buying and having experience in the price movement of bitcoin, that will increase his confidence after one or two years and that investor will decide to increase his DCA amount because his confidence in bitcoin has increased. However, it's better to be a low coiner than a no coiner.

Yeah, he meant hope cause when it comes to Bitcoin nothing concerns faith, what we as Bitcoiners do is hope that the future would get better as we keep holding which is, Bitcoin doing better in numbers and when the price increases that's when investors stands to gain in the future, it's same hope for a better future with Bitcoin that makes every Bitcoiner to continue investing, to believe in the process and holding for as long as possible and when all hope is lost you see some weak hands chicken out of fear that Bitcoin would crash and cause liquidation to their portfolio but Real investors keep their hope alive they learn from previous experience of several dips and how they've benefited from it afterwards. I thnk that every investor who doesn't have hope for a better future with Bitcoin is not a real investor, Bitcoin investment is a process and to benefit from it you'll need to follow due process else you could be misled to risk trading it for short term gains and loose out completely.

[Felicity_Tide]

No guarantee about future and existence of Bitcoin so no certain profit from our Bitcoin investment.

I'm not sure if I understood what you meant by this, but it seems you already know something that some of us don't. AFAIK, Bitcoin was developed in 2009, and counting down to this day, it has existed for about 16 years and still counting. It has built trust and earned its place in the financial system of every economy. You know what, I feel, saying that the future of Bitcoin is not guaranteed is like saying that the future of Internet is not guaranteed as well.

If you've read a book like "The Internet of money" by Andreas(a very prominent Bitcoin enthusiast). He pointed out how people struggled to believe the implementation of things like the internet, vehicles, etc. They couldn't picture that these things would exist for long.

I don't think the future of Bitcoin is something to be scared of.
Bitcoin has built trust and earned its place. Don't picture a short term existence... There is more to come.

There is always uncertainty in everything we do, including our investment, with probability of profit and loss.

There is always uncertainty, but not at all times.
When you say "in everything we do", I assume that to be a wrong generalization.

Good management is helpful for reducing risk while increasing chance of success but there is no management that can completely eliminate risk.

Period,
But I wouldn't want to start assuming that the future isn't guaranteed. Bitcoin has proven itself, and we all know that a long term plan reduces your risk and gives a better profit. I might start having a second thought about that when someone can prove otherwise to me.

[Justbillywitt]

I understand that nothing is guaranteed but your stand on the future of Bitcoin is totally discouraging. If we don't have some level of faith in Bitcoin that it will give us good financial return in the future, how do you expect one to be committed to buying and holding? Some of us are not just following the crowd to buy but doing it dutifully as a retirement plan and part of what we will be handing over to heirs, with your position in Bitcoin, it brings some form of fear and skepticism. People who had this opinion a decade ago are today regretting why they never got started with Bitcoin the moment they knew about it; I'm sure 10 years from today some people including you will always regret why you did not take this seriously when others were taking the risk anyways. I will try my best not to allow this deter me because there is a saying that "no risk, no reward".

It’s understandable that there is no guarantee eventually if we do everything right, I also learnt we should really not be concerned about profit at some point, if we’re mainly focused on profit which might make us sound like an trader, And as a Beginner we should be more interested in continuous accumulation and to be more aggressive if we have the opportunity to do so, I’ve been motivated in a long run in my journey of building a successful bitcoin portfolio and trying everything possible to have a successful investment, but I’m quite confused about having faith or believe, Or we should be more interested in following the right strategies that are discussed here for us to learn and grow, Is faith really the guarantee for a successful future in Bitcoin ?

When it comes to bitcoin investment, faith and believe are completely irrelevant, because bitcoin was not founded on religious ground. So you faith or believe changes nothing. To grow your bitcoin portfolio and become successful at the end of your holding period, you should be more interested in following the right strategies that are discussed here for you to learn and grow as an investor. Remove any thoughts of faith and believe from your mind, that's not what makes a successful investor.

Maybe, he wanted to say confidence and said faith. It's very important for one to grow his confidence in bitcoin because that's what will determine his level of aggressiveness within his discretionary income. Investors who invest in a whimpy way have small confidence in what bitcoin price can be in future, if not they wouldn't mess with their chances of multiplying their wealth in future by accumulating with a good amount.

However, a new beginner without any confidence in bitcoin can start investing with very little amount of money as little as $10 every week overtime. As he continues buying and having experience in the price movement of bitcoin, that will increase his confidence after one or two years and that investor will decide to increase his DCA amount because his confidence in bitcoin has increased. However, it's better to be a low coiner than a no coiner.
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How do you know what he wanted to say? Are you in his mind or you are a mind reader that you are so sure he wanted to say "confidence".The spelling of confidence and Faith are entirely different, so you shouldn't be talking about him wanting to say confidence in the place of Faith. Or are you his advocate? Do you know you can be wrong about him wanting to confidence in the place of Faith. What if he come online and still maintain he intentionally wanted to say Faith, how will you feel at that point? Let people come and defend whatever they said on their own rather than trying to inscribe another meaning in what was written by another person.