Buy the DIP, and HODL!

[ruykeri]

I am pretty sure he is a trader that times the market to buy bitcoin,otherwise he shouldn't have any business with price swings or price fluctuation . Instead he should focus on having discretionary income that he would used to invest in bitcoin. Investing in bitcoin should only be when he has met all of his basic needs, and the leftover cash is his discretionary income which should be use to invest in bitcoin. Investing using DCA would make his investment be stress free and he wouldn't have business with timing the market anymore.

It is not that you can be stress-free by investing only with discretionary income. To be stress-free, many other things should be given importance. You must have a back-up fund and a strong income flow to continue buying Bitcoin for a long time. What is more important than this is to control yourself when the price of Bitcoin decreases. When I first started investing with discretionary income, when I saw that the price of Bitcoin was decreasing, I used to feel restless, but with time it has become a habit. In terms of investing in Bitcoin, apart from the right investment way  and fund management, it is much more important to keep your mentality right.

[alankasman]

It is not that you can be stress-free by investing only with discretionary income. To be stress-free, many other things should be given importance. You must have a back-up fund and a strong income flow to continue buying Bitcoin for a long time. What is more important than this is to control yourself when the price of Bitcoin decreases. When I first started investing with discretionary income, when I saw that the price of Bitcoin was decreasing, I used to feel restless, but with time it has become a habit. In terms of investing in Bitcoin, apart from the right investment way  and fund management, it is much more important to keep your mentality right.

In terms of controlling the stress that we experience of course when we invest in Bitcoin of course what we have to do is have an emergency fund regardless of the investment we make because when we do it without an emergency fund saved of course this becomes a big problem that we experience and it will be even more stressful that we have to face because unexpected things that come to our lives will definitely happen so many people recommend it as we said especially the long-term investment goals that we will do will certainly take a very long time, so don't let it happen when we just invest suddenly unexpected things come to us, but we also have to sell quickly even though we have only invested for a few months so that we are forced to sell again because the reason is that there are no other funds saved regardless of what we have done in Bitcoin investment.

[ZeroVinsonN]

Yes, investing in BTC is indeed very risky, and of course, there is no guarantee that we will make a profit by investing in BTC for the long term.

I can see that your understanding of Bitcoin is very sloppy, if not you should have be more reasonable and more realistic here, and for that reason alone am not following your point, because investing in bitcoin is not risky as you claim, but less risky compared to investing in other shitcoins and trading as well. And in that aspect of guarantee I think there is some confusion here, because when you invest in Bitcoin the appropriate way and with Long term mindset, and you protect your Bitcoin investment from get stolen, and you didn't sell your Bitcoin portfolio out of panic and fear, them am pretty sure that your profits are guarantee, because Bitcoin is already a trust worthy project that cannot fail, so it potentials returns are guarantee if you Play your own part well.

even if Bitcoin is more solid than most coins, calling it guaranteed can still mislead people. Bitcoin reduces risk, it does not remove it completely. Long term holding helps a lot, yes, but price swings, personal mistakes, and life needs still exist. Many people lose not because Bitcoin failed, but because plans changed or discipline broke. Bitcoin rewards patience and responsibility, not blind confidence. Understanding both its strength and its limits keeps expectations realistic and decisions calmer.
‎

You seems confused and you are discouraging yourself and newbie not to invest in Bitcoin and thinking you are saying the right thing, maybe you have forgotten that as an investor you don't have any business with how market move so why talking about price swing as an investor? It is pretty obvious you don't have an idea on what Bitcoin is all about and how investors should follow it. Before someone will start Bitcoin investment journey that person should have the basic knowledge of what Bitcoin is and you don't need strength to invest what you need is your discretionary.

And why should an investor not bother about bitcoin's price fluctuations? knowing that bitcoin's price fluctuates is a basic knowledge that every investor should have at all times but knowing about it doesn't entirely eliminate the weight that comes with it, an experienced investor will not necessarily be bothered by it, some people even welcome it as an opportunity to buy the DIP but imagine that someone started investing in bitcoin in the early part of October this year or probably September and they witnessed the $126k ATH and then this DIP happened, understand that I'm talking about a newbie in bitcoin investment, believe me no amount of preparation will make that investor completely immune to that price fluctuations, we are all human being and we get affected quickly by certain things, what if this investor started by lump suming quite a good amount into bitcoin maybe be selling some of his previous investment in order to start his bitcoin investment with a leap and then the DIP happened and the price swings caused his investment to lose value? I understand that short term price swings are irrelevant in the long run but this is a newbie we are talking about and even though he already knows that bitcoin will fluctuate, that knowledge alone will not totally stop him from worrying.
So yes price swings exist and while some people welcome the drop in price as an opportunity there might also still be people who at one point in their investment journey were bothered about it as well that's why we invest with our discretionary income so that we can stay in control of our emotions when supposed unfavorable price swings happen.

[Brizi5000]

That is why I agree that trading is not for everyone..

If you don't have much knowledge about trading, then never trade. Because if you are ignorant, then you will lose more than that. Not everyone can profit in trading, because trading is not as easy as we think. But if you think that you are ready to lose your money and learn, then you can trade. Basically, you have to be ready for the pressure of losing your money.

I have heard many people who used to trade before, but when they realized that trading is almost a matter of knowledge and experience. Then they started investing in Bitcoin. So my advice is to invest in Bitcoin regularly and systematically for a long time. You can also profittet from future  this investment at a rate of 20%, if you can invest for 1-2 cycles. Investing in Bitcoin will be sustainable only when you invest for a long time. Trading makes sense only when you are experienced. But you don't need to know much to invest in Bitcoin, an investor learns everything slowly over time

Of course, everything has its own risks, whether it's investing or trading. Investing in Bitcoin itself may not require much knowledge, but there are many things to consider and prepare before investing.
In my own experience, a lack of funding, such as savings or an emergency fund, ultimately hampered my Bitcoin investment.

So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

i do not agree with your last statement in your last paragraph where you're saying that it is a good idea to prepare emergency funds before we can invest in bitcoin because i don't think that is the best practice. i think that it is better to go ahead first with buying bitcoin when discretionary is available instead of waiting to create emergency funds before buying bitcoin because the important thing there is the discretionary and once it is available we should first start buying the bitcoin as we can also be able to create emergency fund along side as we are buying bitcoin too. i think that both of them can go side by side instead of trying to wait to get emergency funds first.

[Obulis]

I don't understand why people talk about volatility when it comes to Bitcoin, it's only short term traders that should complain about volatility because if you are a long term Bitcoin holder I don't think you should be worried about volatility because on a 5 years chart Bitcoin is doing very well, so people complain about volatility because they are looking for quick gains, if you are a Bitcoin holder for the past 10 years you will understand what am saying...

Volatility is one essential features of bitcoin that makes it unique, because without it volatility, bitcoin would have not been different from the fiat currency, and we wouldn't be here, discussing about it since their would have been no potential of it appreciating in value overtime.
So why would traders or investors be pissed about it?

Without it, even traders wouldn't be trading it because it value wouldn't be go back and forth, and  investors wouldn't be  putting money in it, since no possibility of it appreciate, so we should see it volatility as the primary reason we are here, since it's the unique features of bitcoin that makes traders and investors makes money from it.

The volatility of fiat is so negligible that one might not consider it as volatile, this is because to a Point some controllable factors like political stability, supply and demand and on leads to it being volatile once in a blue moon and do not usually have serious impact as compared to special Bitcoin that is obviously characterized by its volatile nature. So far, if somebody is questing to invest in Bitcoin and then he or she subscribes for a guard. One of the bell that rings from the instructor is "Bitcoin is a very volatile asset". Fiat do not have the obvious volatility character to be mentioned.

[barisbilgili]

I don't understand why people talk about volatility when it comes to Bitcoin, it's only short term traders that should complain about volatility because if you are a long term Bitcoin holder I don't think you should be worried about volatility because on a 5 years chart Bitcoin is doing very well, so people complain about volatility because they are looking for quick gains, if you are a Bitcoin holder for the past 10 years you will understand what am saying...

Volatility is one essential features of bitcoin that makes it unique, because without it volatility, bitcoin would have not been different from the fiat currency, and we wouldn't be here, discussing about it since their would have been no potential of it appreciating in value overtime.
So why would traders or investors be pissed about it?

Without it, even traders wouldn't be trading it because it value wouldn't be go back and forth, and  investors wouldn't be  putting money in it, since no possibility of it appreciate, so we should see it volatility as the primary reason we are here, since it's the unique features of bitcoin that makes traders and investors makes money from it.

The volatility of fiat is so negligible that one might not consider it as volatile, this is because to a Point some controllable factors like political stability, supply and demand and on leads to it being volatile once in a blue moon and do not usually have serious impact as compared to special Bitcoin that is obviously characterized by its volatile nature. So far, if somebody is questing to invest in Bitcoin and then he or she subscribes for a guard. One of the bell that rings from the instructor is "Bitcoin is a very volatile asset". Fiat do not have the obvious volatility character to be mentioned.

In fact, I see Bitcoin's volatility as what makes it possible to generate significant profits, making it different from fiat currency. Many people talk about this, not because they're afraid or disagree with it. Rather, it's an opportunity to profit. Volatility is a topic of discussion, and it's relevant to both long-term and short-term investors. However, I suggest that if you already know and understand Bitcoin volatility, it's better to invest long-term, as it will be much more profitable.

[ruykeri]

The volatility of fiat is so negligible that one might not consider it as volatile, this is because to a Point some controllable factors like political stability, supply and demand and on leads to it being volatile once in a blue moon and do not usually have serious impact as compared to special Bitcoin that is obviously characterized by its volatile nature. So far, if somebody is questing to invest in Bitcoin and then he or she subscribes for a guard. One of the bell that rings from the instructor is "Bitcoin is a very volatile asset". Fiat do not have the obvious volatility character to be mentioned.

Bitcoin volatility is an uncertain issue where no one can say what the price will be when. However, the value of fiat currency depends more or less on those who control a particular currency. However, the system of fiat currency is built on unlimited supply where inflation keeps increasing day by day. But due to the fixed supply of Bitcoin, the valuation of Bitcoin is very likely to increase over time, which can be understood by comparing its price with the past. However, it is not possible to understand what the price of Bitcoin will be in the short term.

[avp2306]

Although maybe for this aspect we only just got a few percent profit (even much bigger) for a temporary size in the investments we have made in the last few years but it is already visible that profits are in sight, it's just how to manage our patience, persistence and greed because in this case most of them especially the fomo always try to leave when the profit is only a few percent. If it is a long-term goal, it is clear that things like this are not too advisable, especially since there is no guarantee that after leaving we can re-enter easily and this is where our patience is tested.

Yep.  You make some good points, and it seems to me that even if guys are accumulating bitcoin for only a few years, they likely are spending time learning about bitcoin so that they might be able to become more convinced that it is better to invest for the long term, such as longer than 10 years... or whenever they might be able to determine that they have reached a status of accumulating enough or more than enough bitcoin so that they might be able to start something like sustainable withdrawal.

Sometimes guys might not really know about their goals or their target, and they can also study and figure out those kinds of matters as they are continuing to build up their bitcoin stack size.

This is  good way to look on those points, since even if they just start buying bitcoin for few years, they provably learn more valuable things that can push them to think about its more better to deal with Bitcoin for long term rather than aiming to hit short term profit which is not really sustainable.

On the process of accumulating and thinking about getting more volumes. They can set up their own goals whether they like to hold it for 4 or proceed to 10+ more years then reach to the point on what year they are comfortable to think about making their withdrawals. This is not just all about buying BTC, but rather its all about shaping their personal strategy and knowledge as they go with this option.

[Fara Chan]

In fact, I see Bitcoin's volatility as what makes it possible to generate significant profits, making it different from fiat currency. Many people talk about this, not because they're afraid or disagree with it. Rather, it's an opportunity to profit. Volatility is a topic of discussion, and it's relevant to both long-term and short-term investors. However, I suggest that if you already know and understand Bitcoin volatility, it's better to invest long-term, as it will be much more profitable.

Volatility is usually more often exploited by short-term investors. Long-term investors who are still happy to buy a certain amount of Bitcoin usually don't care much about the price, except for those who still don't have a large amount of Bitcoin and are still focused on accumulating it by buying it regularly. I've also noticed this sometimes, but the actions of large investors and small investors under various circumstances are always different, even though their ultimate goal is almost the same: to profit. Therefore, advice should also be different for these two types of investors, even though they both focus on buying and profiting over a certain period.

[sotelorene]

That is why I agree that trading is not for everyone..

If you don't have much knowledge about trading, then never trade. Because if you are ignorant, then you will lose more than that. Not everyone can profit in trading, because trading is not as easy as we think. But if you think that you are ready to lose your money and learn, then you can trade. Basically, you have to be ready for the pressure of losing your money.

I have heard many people who used to trade before, but when they realized that trading is almost a matter of knowledge and experience. Then they started investing in Bitcoin. So my advice is to invest in Bitcoin regularly and systematically for a long time. You can also profittet from future  this investment at a rate of 20%, if you can invest for 1-2 cycles. Investing in Bitcoin will be sustainable only when you invest for a long time. Trading makes sense only when you are experienced. But you don't need to know much to invest in Bitcoin, an investor learns everything slowly over time

Of course, everything has its own risks, whether it's investing or trading. Investing in Bitcoin itself may not require much knowledge, but there are many things to consider and prepare before investing.
In my own experience, a lack of funding, such as savings or an emergency fund, ultimately hampered my Bitcoin investment.

So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

i do not agree with your last statement in your last paragraph where you're saying that it is a good idea to prepare emergency funds before we can invest in bitcoin because i don't think that is the best practice. i think that it is better to go ahead first with buying bitcoin when discretionary is available instead of waiting to create emergency funds before buying bitcoin because the important thing there is the discretionary and once it is available we should first start buying the bitcoin as we can also be able to create emergency fund along side as we are buying bitcoin too. i think that both of them can go side by side instead of trying to wait to get emergency funds first.

I agree with you as an investor and a beginner or newbie your priority should be how to get a discretionary from your source of income and then commence your accumulation then as you progress in your journey, you would also be making allocation for your emergency funds from your discretionary because emergency funds is/are gotten from discretionary income so therefore, doing this the reverse way is improper and should not be done that way because it is when you have investment you will fight to protect it.

[rezakurnia66]

Volatility is usually more often exploited by short-term investors. Long-term investors who are still happy to buy a certain amount of Bitcoin usually don't care much about the price, except for those who still don't have a large amount of Bitcoin and are still focused on accumulating it by buying it regularly. I've also noticed this sometimes, but the actions of large investors and small investors under various circumstances are always different, even though their ultimate goal is almost the same: to profit. Therefore, advice should also be different for these two types of investors, even though they both focus on buying and profiting over a certain period.

For short-term investors, they tend to see opportunities in the rise and fall of Bitcoin prices in a relatively short time and take good moment with the volatility.
For long term investor they don't care yet how the volatility based on the target profitable to earn for several years later, long term investor just focus how to earn much profit and the current volatility of bitcoin just earn small profitable around few percent only.
If not get holding at any altcoin I am so interested to be short term holding with bitcoin but in other side spent around 20% my passive income to accumulate bitcoin during greatest chance buying bitcoin at lower price.

[Father111]

You seems confused and you are discouraging yourself and newbie not to invest in Bitcoin and thinking you are saying the right thing, maybe you have forgotten that as an investor you don't have any business with how market move so why talking about price swing as an investor? It is pretty obvious you don't have an idea on what Bitcoin is all about and how investors should follow it. Before someone will start Bitcoin investment journey that person should have the basic knowledge of what Bitcoin is and you don't need strength to invest what you need is your discretionary.

I am pretty sure he is a trader that times the market to buy bitcoin,otherwise he shouldn't have any business with price swings or price fluctuation . Instead he should focus on having discretionary income that he would used to invest in bitcoin. Investing in bitcoin should only be when he has met all of his basic needs, and the leftover cash is his discretionary income which should be use to invest in bitcoin. Investing using DCA would make his investment be stress free and he wouldn't have business with timing the market anymore.

Investing in Bitcoin with your DCA when you properly understand the value of Bitcoin and the price fluctuations may enable you accumulate more Bitcoin with your DCA when Bitcoin experience bearish season than during bullish season hence understanding how the market works is still not a bad idea rather it will add more value to investment and possibly good outcomes during bullish season.

[Tonimez]

You seems confused and you are discouraging yourself and newbie not to invest in Bitcoin and thinking you are saying the right thing, maybe you have forgotten that as an investor you don't have any business with how market move so why talking about price swing as an investor? It is pretty obvious you don't have an idea on what Bitcoin is all about and how investors should follow it. Before someone will start Bitcoin investment journey that person should have the basic knowledge of what Bitcoin is and you don't need strength to invest what you need is your discretionary.

I am pretty sure he is a trader that times the market to buy bitcoin,otherwise he shouldn't have any business with price swings or price fluctuation . Instead he should focus on having discretionary income that he would used to invest in bitcoin. Investing in bitcoin should only be when he has met all of his basic needs, and the leftover cash is his discretionary income which should be use to invest in bitcoin. Investing using DCA would make his investment be stress free and he wouldn't have business with timing the market anymore.

Investing in Bitcoin with your DCA when you properly understand the value of Bitcoin and the price fluctuations may enable you accumulate more Bitcoin with your DCA when Bitcoin experience bearish season than during bullish season hence understanding how the market works is still not a bad idea rather it will add more value to investment and possibly good outcomes during bullish season.

You sound confusing a bit. How do you mean by understanding the value of bitcoin and price of bitcoin? The summary of the whole thing a beginner should know lies on understanding that every bitcoin price is a potential dip. When that is done, then you would not wait for the bearish season before you will invest. Bitcoin is a volatile asset and it moves back and forth always.

Waiting for dips (or bear season) before you buy bitcoin is not an investment advice of which anyone who does that may never invest in bitcoin anytime soon. What every beginner needs is the availablity of a discretionary income which is what you need to invest in bitcoin. When you invest with your Discretionary income you have a higher chances of allowing your bitcoin for a long time at least 4 to 10 years or more. This is what we refer to as investment but any form of waiting for dips and subsequently selling when the market appears to be favourable is what we refer to as trading.

[As-Soon-As]

I don't understand why people talk about volatility when it comes to Bitcoin, it's only short term traders that should complain about volatility because if you are a long term Bitcoin holder I don't think you should be worried about volatility because on a 5 years chart Bitcoin is doing very well, so people complain about volatility because they are looking for quick gains, if you are a Bitcoin holder for the past 10 years you will understand what am saying...

Volatility is one essential features of bitcoin that makes it unique, because without it volatility, bitcoin would have not been different from the fiat currency, and we wouldn't be here, discussing about it since their would have been no potential of it appreciating in value overtime.
So why would traders or investors be pissed about it?

Without it, even traders wouldn't be trading it because it value wouldn't be go back and forth, and  investors wouldn't be  putting money in it, since no possibility of it appreciate, so we should see it volatility as the primary reason we are here, since it's the unique features of bitcoin that makes traders and investors makes money from it.

The volatility of fiat is so negligible that one might not consider it as volatile, this is because to a Point some controllable factors like political stability, supply and demand and on leads to it being volatile once in a blue moon and do not usually have serious impact as compared to special Bitcoin that is obviously characterized by its volatile nature. So far, if somebody is questing to invest in Bitcoin and then he or she subscribes for a guard. One of the bell that rings from the instructor is "Bitcoin is a very volatile asset". Fiat do not have the obvious volatility character to be mentioned.

If you see then you can definitely guess that the value of fiat currency is gradually decreasing, and inflation is happening. But the value of Bitcoin is gradually increasing so investing in Bitcoin is very reasonable and easy process so it is very important for you to follow the DCA method. If you see then of course investing in Bitcoin is the most important because we are always moving towards the future. The country of modernity is certainly now giving people a touch of more modernity, but those who participated in this Bitcoin investment will definitely play the most important role in eliminating economic poverty in the future.

[Finebone]

Investing in Bitcoin with your DCA when you properly understand the value of Bitcoin and the price fluctuations may enable you accumulate more Bitcoin with your DCA when Bitcoin experience bearish season than during bullish season hence understanding how the market works is still not a bad idea rather it will add more value to investment and possibly good outcomes during bullish season.

At first I thought that you were just confused, but as I read further, I come to realize that you don't even know what you are saying, what do you understand by the term dca?
How best do you understand it?
Because it seems like you don't even know what it is, since your statement looks like you are proclaiming that the dca is the cash you invest with.
For a proper understanding, the dca accumulating strategy is a method used by Bitcoin investors to accumulate and invest in bitcoin, it's a process were you buy Bitcoin bit by bit, either weekly or monthly anytime your discretionary income is available, not a cash you invest with, as you are making it looks like.

Furthermore, try as much as possible to observe full stop and punctuation signs, so that it would be a lot easier to read and understand what you are saying.

[Tamaperdana]

I can see that your understanding of Bitcoin is very sloppy, if not you should have be more reasonable and more realistic here, and for that reason alone am not following your point, because investing in bitcoin is not risky as you claim, but less risky compared to investing in other shitcoins and trading as well. And in that aspect of guarantee I think there is some confusion here, because when you invest in Bitcoin the appropriate way and with Long term mindset, and you protect your Bitcoin investment from get stolen, and you didn't sell your Bitcoin portfolio out of panic and fear, them am pretty sure that your profits are guarantee, because Bitcoin is already a trust worthy project that cannot fail, so it potentials returns are guarantee if you Play your own part well.

You're right that Bitcoin doesn't carry significant risk, but that doesn't make it risk-free. Fundamentally, every investment asset carries risk, and no investment asset is risk-free. So, you should be aware of this, as Bitcoin still carries risk, even if it's not significant. That's why we're discussing the importance of using discretionary funds when investing in Bitcoin. This is intended to prevent unforeseen circumstances from affecting our finances. So, even though Bitcoin is an investment, we must remain vigilant to ensure its safety. Ultimately, we are responsible for ensuring the safety of our investment assets, including Bitcoin. Investing in Bitcoin requires a safe approach and using funds that ensure financial security. I'm absolutely confident that Bitcoin will yield good returns over the next decade, but I won't deny that it's an investment, and we must be cautious when investing.

[Obulis]

You seems confused and you are discouraging yourself and newbie not to invest in Bitcoin and thinking you are saying the right thing, maybe you have forgotten that as an investor you don't have any business with how market move so why talking about price swing as an investor? It is pretty obvious you don't have an idea on what Bitcoin is all about and how investors should follow it. Before someone will start Bitcoin investment journey that person should have the basic knowledge of what Bitcoin is and you don't need strength to invest what you need is your discretionary.

I am pretty sure he is a trader that times the market to buy bitcoin,otherwise he shouldn't have any business with price swings or price fluctuation . Instead he should focus on having discretionary income that he would used to invest in bitcoin. Investing in bitcoin should only be when he has met all of his basic needs, and the leftover cash is his discretionary income which should be use to invest in bitcoin. Investing using DCA would make his investment be stress free and he wouldn't have business with timing the market anymore.

Investing in Bitcoin with your DCA when you properly understand the value of Bitcoin and the price fluctuations may enable you accumulate more Bitcoin with your DCA when Bitcoin experience bearish season than during bullish season hence understanding how the market works is still not a bad idea rather it will add more value to investment and possibly good outcomes during bullish season.

The point with DCA strategy and long-term approach is the fact that the market handles itself, that's whether you understand the market or not, you'll experience it, by that you become aware of the season the market is into. Long-term investment ensures that pressure from market change are totally undermined and DCA strategy has the tendency of meeting any market atmosphere (bullish or bearish), therefore giving all the advantages during bearish season. So whether you time/understand the market or not DCA will likely give the advantages of bearish season without panics since on a long-term journey.

[Raflesia]

For short-term investors, they tend to see opportunities in the rise and fall of Bitcoin prices in a relatively short time and take good moment with the volatility.

Isn't that tantamount to trading? Why make it an investor because at the end of the day such a concept is still trading and even if we want to describe ourselves as an investor with the same concept it still cannot be because it is clearly trading.

It is conditions like this that sometimes become wrong in the perception of some people as if they are investors but instead it makes them traders because of the overlapping understanding between investors and traders.

In addition, we need to remember that in this case (investing in bitcoin) risk management also needs to be considered, when we only enter and exit in the market it actually makes your risk even greater and conditions like that even though it might show a profit at the end but in a few other moments it will actually make you lose and forever will be like that because sooner or later when someone is in trading (or you call it short-term investment) the results will not be much different where losses are always felt.

[Bigjoe33]

That is why I agree that trading is not for everyone..

If you don't have much knowledge about trading, then never trade. Because if you are ignorant, then you will lose more than that. Not everyone can profit in trading, because trading is not as easy as we think. But if you think that you are ready to lose your money and learn, then you can trade. Basically, you have to be ready for the pressure of losing your money.

I have heard many people who used to trade before, but when they realized that trading is almost a matter of knowledge and experience. Then they started investing in Bitcoin. So my advice is to invest in Bitcoin regularly and systematically for a long time. You can also profittet from future  this investment at a rate of 20%, if you can invest for 1-2 cycles. Investing in Bitcoin will be sustainable only when you invest for a long time. Trading makes sense only when you are experienced. But you don't need to know much to invest in Bitcoin, an investor learns everything slowly over time

So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

Firstly Lembo69, this thread is not for trading, and we must concentrate on the subject matter which is bitcoin investment, buying and HODLing bitcoin for long term. Bitcoin is stable and offers better financial rewards than short time trading if we are able to buy Bitcoin and Hodl for long term like 4-10 years and more.

Secondly, KeenanEl19, you don't need to have an onground emergency funds before starting out your investment, otherwise, you may end up not starting your investment while trying to raise your  emergency funds, No!
Once you are able to figure out your discretionary income, you can begin your investment right away, and gradually, you can build up your emergency funds and other back up funds alongside gradually. The best is to start right away is you have figured out your discretionary income.

[red4slash]

That is true, but what I want to emphasize here is not as if this is a risk-free investment and everything is guaranteed because even though we are in bitcoin but we still have to realize from the start that whatever the investment everything has a risk, especially bitcoin which is quite volatile.
But some that I can see even some who discuss in this thread they seem to forget and see bitcoin as risk-free but the fact is not like that.

I know and even now I still feel the benefits are clearly obtained especially when looking at past history and what I have done in recent years of course I have benefited temporarily until now but that does not mean we have to believe that this is risk-free because being in bitcoin will not be like that at any time.

Risk and volatility are not the same thing.

I do like to say that one of the most inevitable things about bitcoin is its volatility, so if we know that volatility is inevitable, then doesn't a known factor become less of a risk?

I think equating volatility to risk is a sloppy way of talking about risk.

This is not meant to make it seem as if volatility and risk are the same thing but in this case I want to show that the timeframe is also important because the longer we are in bitcoin, the less risk we will face because the volatility in bitcoin is very large and when we are here for only daily, weekly, or even monthly as traders do, the greater the risk we will face.

On the other hand, it is important for us to realize that when in bitcoin it is clear that it is not a guarantee tool (as we have agreed in the discussion before this) because it depends on us alone who ensure in ways and steps that have been arranged with the plans we have including money management which of course must be considered as well.

By the way if we already know that bitcoin's price is very volatile, then there should be ways that we can deal with that, which would include creating a budget that accounts for such volatility (so then whether we invest $40 per week, $100 per week or some other amount, then the amount that we choose may well relate to our thoughts about bitcoin's volatility), right?

I agree with you on this because sometimes some of us are too focused on investing but don't take the budget into account. Because the ideal investment scheme is definitely supported by a clear budget but some actually miss this.