Buy the DIP, and HODL!

[Futurexxx]

I think he is using the word "Job" for a person who do not have funds or a source of income. So those people can only job or provide any service to raise their income. Such people can't initially do business as it also requires money.  
By the way, you need to have the motivation that you will save every penny and invest in Bitcoin BTC. For example, you may decide to skip a pizza party and put that money in bitcoin. However, it seems that these small investments aren't profitable but collectively, one can accumulate bitcoins over a period of time.

It's not how much you are investing but how long you are willing to invest in Bitcoin. It's better to invest anything you have rather then not investing anything into Bitcoin. Moreover one must keep himself relax if he wants to keep on investing into Bitcoin for long term. Like it's good to have pizza party occasionally but eliminating such entertainment altogether from life will make things difficult and it won't help in long term Bitcoin investment.

One key thing that should not be undermine is that Bitcoin investment should be done in a relax manner, that's why the DCA accumulating strategy is highly recommended because you will have to do it on your own term, either slowly or fast, but one sure thing is that it should be done consistently, and putting down measures which will enable you to hold for a very long time is key, and those measures is having a source of income and an emergency funds that will be used to sorts out real life emergencies that may arise in the future which might threatens your holdings if not in place.
So what am trying to say is that any investment in Bitcoin that is not done in a relax manner, will hardly survive on the longer run.

[Jewan420]

I think he is using the word "Job" for a person who do not have funds or a source of income. So those people can only job or provide any service to raise their income. Such people can't initially do business as it also requires money.  
By the way, you need to have the motivation that you will save every penny and invest in Bitcoin BTC. For example, you may decide to skip a pizza party and put that money in bitcoin. However, it seems that these small investments aren't profitable but collectively, one can accumulate bitcoins over a period of time.

It's not how much you are investing but how long you are willing to invest in Bitcoin. It's better to invest anything you have rather then not investing anything into Bitcoin. Moreover one must keep himself relax if he wants to keep on investing into Bitcoin for long term. Like it's good to have pizza party occasionally but eliminating such entertainment altogether from life will make things difficult and it won't help in long term Bitcoin investment.

I would also like to add,
It would not be wise to make life too difficult for Bitcoin investment. We should focus more on how big and long-term your investment goals are. What matters most is how you work on your plan or how much importance you give to it. Having some money does not mean that you should allocate all your money to investment or consider investing the money used for pizza parties. In real life, we definitely need some entertainment and I think there is nothing wrong with spending some money on them, otherwise we might just be making life difficult and burdening ourselves with investing. Do not make investing so difficult or sacrificial that a person is deprived of entertainment in life, because a person does not need to be a robot to invest

[₿itcoin]

For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.

But for my own selfish reasons - Yes, I don't want a deeper correction.

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.
NEVER NEVER NEVER AGAIN.
 

Seems like you are suggesting a super risky decision for your friends before and its not really advisable to do so especially if they really don't have knowledge on how deal with Bitcoin.

I was simply too bullish, and I truly thought Bitcoin would never crash down below $50,000 again during 2021.
 
It was a VERY MASSIVE MISTAKE to have that sort of hubris, and that overconfidence.

NEVER AGAIN. Although I truly hope we would never see Bitcoin crash below $100,000 again.

There's a chance that they might easily got affected on a series of volatile movement that's why I will not also suggest to anyone to invest large portion of their savings especially if this is their first attempt investing on Bitcoin. Maybe they should start slow since somehow they are learning and they could just add the size once they already get lots of knowledge about what they are doing and also aware about what risk they might face since with this I guess they are ready for whatever upgrade they want to happen on their Bitcoin investment.

What's important is they start even in slow phase since everything would provably follow especially if they became a experience investor later on.

I don't know what they should do, nor do I care. Haha. But personally, if I was starting today, I would rather wait than FOMO.

I love strategy, when we are road to 1M, waiting on the roadside is not a strategy. If you wait for tomorrow its nothing but a missed opportunity.

I could remember those days when we broke ATH every day, & few days ago we made another one .
so, if you guys ask when to buy next? the best time to opt was yesterday, & the next best opportunity to buy is now 

I suggest people don't waste your valuable time by searchin best time to opt in.
If the lowest you earn $2K/3K per month, then invest a fixed amount like 80/90 USD weekly to buy bitcoin, no need to go 3 digit. Best you could make it your habit.

Don't wait roadside with binoculars to determine the best time, just jump into the marathon right away! and see how long you could HODL.
Your small 80/90 USD investment today could be the first step toward something prosperous tomorrow

[Makus]

I think he is using the word "Job" for a person who do not have funds or a source of income. So those people can only job or provide any service to raise their income. Such people can't initially do business as it also requires money.  
By the way, you need to have the motivation that you will save every penny and invest in Bitcoin BTC. For example, you may decide to skip a pizza party and put that money in bitcoin. However, it seems that these small investments aren't profitable but collectively, one can accumulate bitcoins over a period of time.

It's not how much you are investing but how long you are willing to invest in Bitcoin. It's better to invest anything you have rather then not investing anything into Bitcoin. Moreover one must keep himself relax if he wants to keep on investing into Bitcoin for long term. Like it's good to have pizza party occasionally but eliminating such entertainment altogether from life will make things difficult and it won't help in long term Bitcoin investment.

Both the amount you invest  and how long you sustain  your investment is important, you cannot emphasize on how long you invest alone, the amount invested also determines how well your portfolio would look like in the next coupleof years. For persons who are investing using the DCA off their reserved funds, they might likely  feel the need into increase their investment amount probably after securing some emergency funds to cater for wide range of needs that may arise or even emergency situation which aren't controllable. After making 30% investment monthly off their reserve balance, they could increase it to 60% making them more aggressive and also buying cheaper price if it's a dip or they planing on holding for up to 8-10 years, this will enable them accumulating more sats for the now, so even if they decide to become  less aggressive after while, that cheap buys and aggressive would act as an advantage to their portfolio.

[red4slash]

Telling people to invest without having an income is one of the greatest disservice to them. If someone who doesn't have emergency money on the side is forced to cash out their Bitcoin investment at an uncertain time, it will do more harm than good. I hope no one will be in this situation.

Leaving aside the monthly money that needs to be spent on living, buying Bitcoin with every spare dollar you can find is the thing to do, no matter the BTC/USD price. It will pay off in the long run.
If you think 2 days later you will need that money, don't put it aside for investment in the first place. Investing is not a short-term business.

In general, when we invest, we have prepared and planned this so that it continues to run well because planning is the beginning of something so of course it must be thought about in terms of funding and all forms before we make the investment.

It would be very unethical if we want to invest but we ourselves are not even aware of the economic difficulties we have because we do not have income so that this interferes with the investment activities that we do because after all for now investment, although still very good, is still secondary not primary because of course daily needs must be prioritized first. Don't let what we do make us feel heavy so that there are implications or thoughts that investment is very difficult. In fact, this happens because we are indeed unable to plan properly and manage our finances in an orderly manner so that it makes it seem as if investment is difficult to do.

When we already have an income or maybe a fixed income and can cover all the expenses that exist for us and can set aside or maybe people today say with discretionary income, then everything will be easier to do.
Therefore, there needs to be careful consideration when we want to start investing because this is not a trivial matter that can be done without any preparation.

[leonair]

No one can ignore the potential of holding Bitcoin, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

But today I suddenly got a surprise. I started looking for my old Bitcoin wallets on a whim. And I started searching for all my old wallets in my 12 Gmail Google Drive. I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin

[Brainnybtc]

, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

It's true that holding Bitcoin without tempering with it is not easy, that's why measures like emergency funds and backup funds needs to be set aside in case of any unforseen emergencies that may arise in the future, because patience alone is not enough.

I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin

This is one of the reasons most people always say that the best way to hold is to buy  and forget about it, but it's near impossible to do so because where you treasure is, that's where your mind will always be.
congratulations on your discovery today man.

[AbuBhakar]

No one can ignore the potential of holding Bitcoin, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

But today I suddenly got a surprise. I started looking for my old Bitcoin wallets on a whim. And I started searching for all my old wallets in my 12 Gmail Google Drive. I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin

That is why it's important to have a separate fund or savings for emergencies or other unexpected expenses so that your investments will not be compromised immediately. Holding can really be profitable long term but since it's also very volatile, there is a possibility you will sell it for a loss when emergency happens during a bear market or market capitulation occurs..

[Publictalk792]

It is still possible to invest in bitcoin without have a good cash flow as you mentioned, it's mandatory you should have good cash flow before making purchase this question is did you have discretionary income? If you do then you can start buying bitcoin, since you are buying a whole bitcoin at ones with the dca strategy you can gradually be buying bitcoin the little you can either every weeks or months then you can start building your finance gradually if you wish to have a good cash flow along your buying period with out waiting to be financially stable before you can get started.

While it is easier to invest with good cash flow it is not only way. If anyone have any discretionary income money left over after all your bills are paid he/s can definitely start buying Bitcoin. Trick is using DCA instead of trying to buy whole Bitcoin at once which can be pricey we can buy smaller amounts regularly like every week or month depending on what we can afford. This method give us start to invest sooner without waiting to be financially stable gradually build our Bitcoin savings over time and even helps lower our risk by averaging out our purchase price. So yes we can absolutely begin building our Bitcoin portfolio bit by bit as long as we are smart with our extra money and stick to consistent buying plan.

[Gost ms]

No one can ignore the potential of holding Bitcoin, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

But today I suddenly got a surprise. I started looking for my old Bitcoin wallets on a whim. And I started searching for all my old wallets in my 12 Gmail Google Drive. I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin

It is very natural for a person to panic. Because when the market falls, when it is seen that his investment is going down, a person will panic, it is very natural. If you have basic knowledge about Bitcoin and faith in Bitcoin, I think a person will not panic too much in the first place. It is very natural for a new person to be afraid, but he should not be so afraid that he has to sell his holdings. If a person does a little research about Bitcoin, then maybe he will not panic too much. Because investing is a long-term thing, if the market falls today, you may be up a few days later, it is very natural.

There are many people who cannot hold their investments in the long term. For some reason and reasons, they sell their holdings. Later, after a while, they regret it very much like you are doing. If you had not sold your holdings then, you might not have regretted it today. Continue buying by adopting the DCA method. And continue to buy consistently until you have enough Bitcoin in your portfolio.

[JayJuanGee]

It is funny to see you playing victim when you are the one acting funny here, You have been explaining this point void of proper understanding and more than two people have been correcting you, but you proved adamant. At a point I was tempted to ask you if you were merely fulfilling your post count with such display because it was very obvious you were spamming this thread with your replies.

Anyways... Good thing you have decided to stop and.... bad thing you decided not to learn.... Good riddance

Another Nigerian newbie who pops up about this every now and then. An alt account whose sole purpose is to grow his account by begging for merit from JJG. When I told Tmoonz not to quote me, I told him to do it for all his accounts.
If you know a lot about sig campaigns, you would know that messages written here don't make a difference and that I'm in a fixed post campaign, not a pay per post campaign. All you're trying to do is post irrelevant things, so you're the one doing what you accuse me of doing. Typical newbie alt account. All the merits he got are from JJG here, that's the biggest proof. Make your main account Legendary first, you're still crawling in Hero. Don't worry your main account managed to get merit for his shitposts, you should be happy.

You seem to be getting distracted LGD2Business. There were several of us criticizing and commenting upon your seeming inability to distinguish between discretionary income and strong income, and sure, it is not necessarily an easy concept.. and your ongoing insistence upon it seems to highlight your own desires to distract from substantive discussions.

In the end, each of us has to figure out the extent to which we get started investing, and each of us is responsible if we happen to overdo matters.  We are also responsible if we fail/refuse to get started because we wrongly presume that we need to establish a solid income prior to getting started investing into bitcoin.

-snip-

Even though what we said was similar, that member tried to paint a portrait as if my quote and what I said were different. In the end it's clear what everything is about.

It seems to me that you are saying something different, even though you are correct that the two of you (referring to you and Tmoonz) are not really that far apart.

I also sometimes do not understand how someone can invest if they do not have a fixed income
-snip-

We shouldn't go into bitcoin investment if we don't have our discretionary income thats the right way to approach bitcoin investment
-snip-

That's what I was saying, it's good that there are people who understand.
Telling people to invest without having an income is one of the greatest disservice to them. If someone who doesn't have emergency money on the side is forced to cash out their Bitcoin investment at an uncertain time, it will do more harm than good. I hope no one will be in this situation.

I personally think that you are going too far LGD2Business in your attempt to suggest a solid income rather than merely discretionary income, which does not need to come from a solid or steady income.

It is wrong for guys to invest into bitcoin beyond their discretionary income, and they have to come to decisions in regards to if they have discretionary income or if their income might not be steady enough to call any of their income "discretionary."

Leaving aside the monthly money that needs to be spent on living, buying Bitcoin with every spare dollar you can find is the thing to do, no matter the BTC/USD price. It will pay off in the long run.
If you think 2 days later you will need that money, don't put it aside for investment in the first place. Investing is not a short-term business.

I agree with you on this point, and if guys are considering that each time that they buy bitcoin, they are investing for 4-10 years or longer...and sure the longer that we have been investing into bitcoin, then we will end up having more options since we may well start to have some of our stash that is older than 4 years... yet any of our newly invested money might also need to be considered as having a timeline of 4-10 years or longer .. yet it also can become difficult to tell guys what to do, since guys are likely going to come up with their own valuations based on their circumstances, and surely the more BTC they accumulate and the more time that passes, then the more options that likely ends up coming from those individual particulars, too.

Sometimes guys will also prematurely conclude that they had reached overaccumulation status, when they had not, and we cannot hold the hands of other guys in regards to these various kinds of determinations that they arrive at, even if we might suspect that they are making mistakes in their assessments.

[Tmoonz]

I think he is using the word "Job" for a person who do not have funds or a source of income. So those people can only job or provide any service to raise their income. Such people can't initially do business as it also requires money.  
By the way, you need to have the motivation that you will save every penny and invest in Bitcoin BTC. For example, you may decide to skip a pizza party and put that money in bitcoin. However, it seems that these small investments aren't profitable but collectively, one can accumulate bitcoins over a period of time.

It's not how much you are investing but how long you are willing to invest in Bitcoin. It's better to invest anything you have rather then not investing anything into Bitcoin. Moreover one must keep himself relax if he wants to keep on investing into Bitcoin for long term. Like it's good to have pizza party occasionally but eliminating such entertainment altogether from life will make things difficult and it won't help in long term Bitcoin investment.

You are right to say that it is more better to be a low coiner than being a no coiner but that doesn't mean we should become epileptic with our investment even when we have the resources to do more better, generally the product of our investment has a lot to do with the size of investment and the longevity we have be able to hold, it is wrong for anyone to make much of prioritizing longevity without giving a reasonable thought about the size of their investment and another important thing about considering long term is the fact it gives enough room to improve in various ways including our investment allocation.

[Wind_FURY]

For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.

But for my own selfish reasons - Yes, I don't want a deeper correction.

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.

NEVER NEVER NEVER AGAIN.

 

Seems like you are suggesting a super risky decision for your friends before and its not really advisable to do so especially if they really don't have knowledge on how deal with Bitcoin.

I was simply too bullish, and I truly thought Bitcoin would never crash down below $50,000 again during 2021.

 

It was a VERY MASSIVE MISTAKE to have that sort of hubris, and that overconfidence.

NEVER AGAIN. Although I truly hope we would never see Bitcoin crash below $100,000 again.

There's a chance that they might easily got affected on a series of volatile movement that's why I will not also suggest to anyone to invest large portion of their savings especially if this is their first attempt investing on Bitcoin. Maybe they should start slow since somehow they are learning and they could just add the size once they already get lots of knowledge about what they are doing and also aware about what risk they might face since with this I guess they are ready for whatever upgrade they want to happen on their Bitcoin investment.

What's important is they start even in slow phase since everything would provably follow especially if they became a experience investor later on.

I don't know what they should do, nor do I care. Haha. But personally, if I was starting today, I would rather wait than FOMO.

The question is why are my waiting, if by chance we have an opportunity to start we should be starting now, instead of waiting or being scared because there is every tendency we would definitely miss out on opportunities of accumulating more bitcoin we can start buying little by little as times goes on, if there is an opportunity to also accumulate more there is no setback to front load our project, there is no guarantee to have a risk free investment but always focusing on consistent a accumulation and hodl, so I will prefer to start now Instead of waiting for something I’m not sure about right now, then if I’ have anxiety of missing out that is more reason I should start instead of waiting and then missing out.

I respect your opinion.

But my actual point is, it won't be me telling people to "buy now" with their whole savings. I already did that with people I personally know and it DIDN'T end as good as intended.

But if you want to buy with everything you have now, then OK. Thumbs up to you ser. 👍

[Cossyblack]

No one can ignore the potential of holding Bitcoin, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

But today I suddenly got a surprise. I started looking for my old Bitcoin wallets on a whim. And I started searching for all my old wallets in my 12 Gmail Google Drive. I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin

This is the reason storing of our Wallet seedphrase in a safe location is very important and without it, I doubt if you will be able to recover your old wallet account where your BTC asset was been hold.

I can say your experience in holding Bitcoin over the years has been very productive and profitable as Bitcoin has the best monetary growth among all assets in the world. It's obvious you never plan to Hodl it much longer but the result you got from holding Bitcoin much longer for a  period of 9 years exceed your expectations and as such, you might want to Hold it for another 10years or more and I bet the result will be very rewarding as the value of Bitcoin is moving and will certainly climb to $1m.overtime.

In own experience in Bitcoin,I believe no amount is too small to begin with buying bitcoin,from your little earning and after sorting out your basic needs,you can start accumulating Bitcoin using your discretional income while apply DCA and I am certain,the result in holding for a long term is always rewarding and profitable.

[SilverCryptoBullet]

This is the reason storing of our Wallet seedphrase in a safe location is very important and without it, I doubt if you will be able to recover your old wallet account where your BTC asset was been hold.

Please be more careful with information you write and reduce misinformation or confusing information spreads through your post.

With Bitcoin, a most popular advice is using non-custodial, and if possible open-source wallet. With such wallets, you only have your wallets, private keys, public keys and public addresses while you don't have things like accounts.

Wallet account is a very confusing term that only be true with centralized exchanges and your accounts there. However, with them, you don't have private keys and can not recover your wallets by yourself, so your post does not match this information too.

[MainIbem]

No one can ignore the potential of holding Bitcoin, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

Instead of generalizing you should speak for yourself, the fact that you're having difficulties in holding doesn't mean that there's no devoted holder that can hold for long, I totally understand that holding can be very difficult but it's achievable if you're determined, so far you have a source where you can generate funds periodically I see no reason why holding for long-term should be difficult, all you just have to do is note the specific amount that you could comfortably invest periodically with then follow suit and stay committed for as long as possible, asides JayJuanGee's teachings the increase in the price of Bitcoin and the hope we all have that it's price would keep improving is enough motivation for every Bitcoin believer who has what it takes to invest for long-term to stay committed to their investment.

But today I suddenly got a surprise. I started looking for my old Bitcoin wallets on a whim. And I started searching for all my old wallets in my 12 Gmail Google Drive. I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin.

I believe your story would serve as a motivation to those who feel that holding Bitcoin for long-term isn't possible, at first you felt it was tough but on discovering what you've held for years have made you believe in the possibility of long-term holding and it's profits, this shows that nothing is impossible, you just need to believe and follow due process, if you invest on Bitcoin the right way then there's enough hope for a better profit in future, everything in life has a process, even a seed you plant go through a process before growing and bearing fruits, likewise Bitcoin investment.

[Nheer]

Like it's good to have pizza party occasionally but eliminating such entertainment altogether from life will make things difficult and it won't help in long term Bitcoin investment.

Why are you making it sound as if investing in Bitcoin eliminates the fun in a person's life. Living my personal life won't affect my investment in anyway and I won't interrupt my accumulation strategy because I have a pizza party to attend. If my money can't take me after investing they I try out other things that my money can afford but I will never touch part of my investment money . Discipline is very important to have a successful long term investment.

This is the reason storing of our Wallet seedphrase in a safe location is very important and without it, I doubt if you will be able to recover your old wallet account where your BTC asset was been hold.

Please be more careful with information you write and reduce misinformation or confusing information spreads through your post.

You have a point these terms can be confusing but I'm sure everyone knows what he meant and no one will be confused since he didn't say anything wrong. Although it's a good thing you point it out but the harsh words was not necessary you could have easily corrected that. It's also important to note that storing your keys in your email is not ideal at all, there are better ways to store them and also having a duplicate copy in a different location is also good too in case of any unforseen circumstances. I believe most people engaging in discussion in this thread would have be familiar with how to properly store their private keys.

[sotelorene]

I respect your opinion.

But my actual point is, it won't be me telling people to "buy now" with their whole savings. I already did that with people I personally know and it DIDN'T end as good as intended.

But if you want to buy with everything you have now, then OK. Thumbs up to you ser. 👍

Yea, I think telling someone to buy Bitcoin now with there whole savings apperantly look deceiving and it is only an ignorant person can listen to that and even do it. Some people are making loss in life because of misinformation and lack of awareness because they don't know that it is not all information that should be received. Moreover, buying with one's whole savings look abnormal but some greed and some traders can do it because of high uncertain expectations I call them uncertain expectations because the outcome is not sure or guarantee. Everything should be done with wisdom because there are point in life where someone is suppose to know what is suppose to be done and what is not suppose to be...

[Kelward]

I respect your opinion.

But my actual point is, it won't be me telling people to "buy now" with their whole savings. I already did that with people I personally know and it DIDN'T end as good as intended.

But if you want to buy with everything you have now, then OK. Thumbs up to you ser. 👍

Yea, I think telling someone to buy Bitcoin now with there whole savings apperantly look deceiving and it is only an ignorant person can listen to that and even do it. Some people are making loss in life because of misinformation and lack of awareness because they don't know that it is not all information that should be received. Moreover, buying with one's whole savings look abnormal but some greed and some traders can do it because of high uncertain expectations I call them uncertain expectations because the outcome is not sure or guarantee. Everything should be done with wisdom because there are point in life where someone is suppose to know what is suppose to be done and what is not suppose to be...

It is very important to have accurate knowledge of Bitcoin before going into it's investment otherwise the investor can be misled into making wrong decisions. Simply put, using your whole shavings to buy Bitcoin is not a smart investment decision because it's a volatile asset, nobody can accurately predict what it's price will be at anytime. It could be a time bomb because if any emergencies were to arise and you don't have any other means to raise funds you will be compelled to sell prematurely. The goal of Bitcoin investment is to hold for a long term so that despite the short term dumps and pumps you will get multiple ROI in the future. Buying with all your savings could defeat this aim unless you have made enough provisions for unforseen expenses and emergency funds.

[Merit.s]

No one can ignore the potential of holding Bitcoin, but holding is very difficult for everyone. Because not everyone has the patience to hold for a long time. I have taken the challenge of holding Bitcoin many times but could not implement it. I sold Bitcoin for an emergency or out of fear.

But today I suddenly got a surprise. I started looking for my old Bitcoin wallets on a whim. And I started searching for all my old wallets in my 12 Gmail Google Drive. I found a wallet where I had 0.01 Bitcoin in 2016 but I didn't care because it was a very small amount and later forgot about it.

Today, as soon as I accessed that wallet, I saw the balance of $1050+. I was completely surprised and stared at it for a while. I can't explain how happy I am. I have been holding 0.01 Bitcoin for almost 9 years without knowing it. That's how powerful Bitcoin is. Holding is always profitable in Bitcoin

Investing in long-term and hodli your bitcoin investment is possible. You have just proved your own point wrong by telling us that you don't know that you had 0.01btc is an abandoned wallet till this year that you checked it out. You don't have the intention and long-term mindset to invest and build up your bitcoin investment overtime. I believe that assuming you know that you have some fraction of bitcoin in that wallet, you would have sold it long time ago.

What you need to do is to use a little amount of money from your discretionary income that you can forget about easily like you did in the past. That's the amount of money that you should be using to buy bitcoin whenever you get your discretionary income and continue buying regularly, consistently and persistently for 4-10 years and above, you will be surprised at the size of bitcoin that you would have accumulated.

In the past, you were using money that you cannot afford to lose to buy bitcoin and you didn't set up an emergency funds to back up your bitcoin investment which made you to sell your bitcoin whenever there is an emergency. You were only gambling in the past but you could still correct your past and start buying and accumulating bitcoin with DCA because you have already seen the power law of bitcoin that the value increases exponentially. The size of your bitcoin portfolio matters a lot as a long term holder that's why it's good to keep on buying till you reach your target.