Buy the DIP, and HODL!

[landheer]

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Yes, long-term holding is a good idea because investing isn't trading. Therefore, holding btc long-term certainly has the potential for higher profits, and the advantage is that we don't have to monitor the market. I also often hear people regret not holding BTC long-term because they always sell their btC when they see a profit, even if it's small. The person who regrets this is the one who bought btC in 2015.

However, everyone has different opinions on this matter, and for those who enjoy trading, I think there's nothing wrong with consistently making a profit. However, it's clear that long-term BTC investors consistently achieve substantial returns

[Proty]

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Yes, long-term holding is a good idea because investing isn't trading. Therefore, holding btc long-term certainly has the potential for higher profits, and the advantage is that we don't have to monitor the market. I also often hear people regret not holding BTC long-term because they always sell their btC when they see a profit, even if it's small. The person who regrets this is the one who bought btC in 2015.

However, everyone has different opinions on this matter, and for those who enjoy trading, I think there's nothing wrong with consistently making a profit. However, it's clear that long-term BTC investors consistently achieve substantial returns

Trading doesn't give anyone consistent profits but rather consistent losses. This is the reason why trading is very risky. If we compare long term holders and traders, it is obvious that holding bitcoin for a long term is more promising and rewarding than short term.
Aside loses there are so many difficulties with trading, To be good in trading ones need to be technically inclined and it also requires timing the market to know when it is right to buy in other to be in loss which is very tedious.

[Joeboy]

however when folks are making sales of their Bitcoin, they have to ensure that they already have a plan, and such an action is in line with their plan...The reason why folks should always verify they have a plan before selling their Bitcoin is coz once they have sold their Bitcoin, it may be very difficult to rebuy at the same exact average prices they bought due to the constant fluctuation of Bitcoin....

If a guy had been buying bitcoin for the past 10 years, then his average cost per BTC would be in the neighborhood of $3,700 per BTC, so he is not going to be able to buy back for the price that he bought them, even though he might be able to buy some back at the price that he sold them, to the extent that any of that buying back at the sold price or below would be feasible.

Sure you are right,  and I just keep asking myself when folks will get into their thick skull that they just cannot predict, neither can they outsmart or time the market... And for those long term Bitcoiners who sell out their coins with the intention of gambling in for a re-entry by buying at lower price, such decisions are very unwise....Coz if they start doing that, they already have turned themselves into traders because they would start timing the exact price bottom that would profit then to make their buy at... Price of Bitcoin just moves in an unpredictable manner, and no one can perfectly tell at what price the perfect dip would be, and then chances of selling and successfully buying at cheaper prices is just so slim...

[GIF-JOBS]

Your words are confusing. You sound like a trader in almost all your statement here but your saying "investing through DCA" makes a different. I understand you are newbie, you need alot to learn to be successful in Bitcoin accumulation. I will advice you to read and learn more about Bitcoin investment so you won't end up becoming a trader rather than an investor.

Your right we have a lot to learn in bitcoin, learning in bitcoin is endless so as we are learning we should also be accumulating as well. Learning is important but waiting until we learnt everything in bitcoin before investing could prevent us from investing . It would seem crazy if we're trying to learning everything rather we should learn the basic knowledge and start investing as quickly as possible. As we are investing we would also be learning many things we hadn't t knewn about bitcoin.

If you want to gain deep knowledge about Bitcoin before investing, it will be a waste of time and it will delay the investment, and you cannot survive in Bitcoin investment with completely empty knowledge. So what we need to do is to first gain basic knowledge, not to gain complete deep knowledge, and not to be completely ignorant, but rather we should start Bitcoin with basic knowledge, in this way we are not likely to make wrong decisions and at the same time while continuing the investment, we should start knowing Bitcoin more deeply, that is, we should continue both gaining knowledge and investing together, it is certainly possible and through this we will not be left behind in any case, this is how conscious and responsible investors start.

[Zanab247]

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Buying and selling is simply for traders. Investors buy bitcoin and hold it for the true value in the nearest future. There is a plan towards investment, while the only plan for trading is to make quick profit. As people who is aware of this, which will you choose? Would you trade value for quick profit? I don't think a reasonable person will prefer to enjoy now, then build wealth for the future.

That is why investors are the ones earning plenty profit than traders, because they will make sure the price hit higher when hodling the BTC before they can be convince to sell the BTC they have being hodling for long years, and  by then some Traders that have made profits from trading will nearly finish their money.Traders can trade at anytime once they discovered that there will be profit, because they prefer to always see profits whenever they are trading BTC, because that is what is motivating them to remain as profitable traders.

But what some people don't understand about investors hodling for long years is that you can be earning profit from the investment and you will be successful than traders that is trading daily or weekly, because investors know how to make up their mind to hodl for long years.

[Nightwatchmare]

I agree with you. The point is to implement a DCA strategy for the long term. If you achieve your goals and make a profit there's no harm in taking the profits, because the essence of investing in Bitcoin is to achieve financial freedom.

I sometimes get confused when people sell Bitcoin when they've already reached their target. This isn't wrong, especially since every investor's goals are different; even professional investors do the same thing. When they reach their target, they sell and then buy back in. Of course, the investment target is at least 10 years. If you've reached your target within 10 years there's no harm in selling and buying back in with DCA when a correction occurs.

I hope you are not talking of selling all your bitcoin portfolio and start all over again because you have reached your bitcoin target. This is be the most dumbest thing anyone will do after wasting ten years to accumulate his bitcoin target and sell all to start all over again. I think that it's better to extend your bitcoin accumulation to an over accumulation stage if you have reached your bitcoin target and still have enough years to be in the game.

If you have reached your over accumulation stage, that's when you can take little profit from time to time using the sustainable withdrawal method so that it doesn't affect the size of your bitcoin portfolio to depreciate over time but increase over time. If you go and start selling because you have reached your bitcoin target before you know it you might be carried away and sell too many bitcoin to soon and start accumulating again expensively compared to the amount that you bought then.

Selling all your bitcoin investment to restart again is a wrong move if you ask me, there is nothing wrong selling some part of our bitcoin holding if we have reach over accumulation but selling all is madness, we can either extend our bitcoin accumulation time still be buying maybe when there is a dip and continue to hodl.

Maybe the person is on his dieing bed and has no one to transfer all his investment to that will be the only thing that can make an investor selling all his bitcoin after getting to his over accumulation stage, but if he his not on his dieing bed, then he should have a rethink because starting from the scratch will be very difficult, unprofessional and discouraging for him which will make him lost the ability of starting all over again leaving him to be a no coiner.

The main reason why people are investing in Bitcoin is to make profit from Bitcoin. So if people invest in Bitcoin and reach over accumulation stage, and after they hold their Bitcoin investment for plenty of years and they see the profit that will change their lives for good from their Bitcoin investments, i see nothing wrong if they decide to make use of the opportunity and sell all their Bitcoins since the purpose of investing in Bitcoin was greatly achieved. They can use the profits they got from Bitcoin investment and start up a business that will give them good profits and change their lives the more, and they can reinvest in Bitcoin if they want to invest in Bitcoin.

[Hewlet]

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

I also often hear people regret not holding BTC long-term because they always sell their btC when they see a profit, even if it's small. The person who regrets this is the one who bought btC in 2015.

Apart from early bitcoin investors, current investors are still selling ad regretting doing so. the issue is mainly that a lot of investors are not ready to pay the price that can yield them good returns in the future. as long as you are not ready to pay the price that might seems uncomfortable at the moment, in the future, you will not have the best out of your investment and at present the push to sell once their is a slight reaction will be a big issue you will face constantly.

However, everyone has different opinions on this matter, and for those who enjoy trading, I think there's nothing wrong with consistently making a profit. However, it's clear that long-term BTC investors consistently achieve substantial returns

well, the context of investment is not about looking for quick profit and this is the point where a lot of newbie investor always get it wrong because they invest and the next thing is that they are looking at how fast they can be profitable in their small investment. for context sake, it is better to just invest and not get too bothered about when you are going to sell as long as you are still early in your investment. if you are pretty much at your accumulation phase, just remain that way and use every DIP as an opportunity to stack more chunk of bitcoin rather than paying too much attention to what price you going to exit the market.

trading wether from the literal form of it or from investing in the short term is completely out of the equation because if for instance you are a short term trader, the current DIP is supposed to be a major issue for you. invest for the long term and set systems in place that will protect you at the point of DIP and you will not struggle with market correction.

[reagansimms]

~~~

Trading doesn't give anyone consistent profits but rather consistent losses. This is the reason why trading is very risky. If we compare long term holders and traders, it is obvious that holding bitcoin for a long term is more promising and rewarding than short term.
Aside loses there are so many difficulties with trading, To be good in trading ones need to be technically inclined and it also requires timing the market to know when it is right to buy in other to be in loss which is very tedious.

Trading is riskier than investing and can result in consistent losses if not done wisely. Many people trade in the hope of quick profits, but ultimately suffer significant losses. This is due to limited technical skills and an inability to determine the right time to buy and sell. Furthermore, trading requires patience, discipline, and the ability to manage emotions.
Instead of taking higher risks through trading, I strongly advise beginners to hold bitcoin for the long term as it allows them to avoid unexpected price fluctuations and benefit from long-term price growth. According to the title used in this topic "Buy the DIP, and HODL" is a simple but effective strategy.

[Sim_card]

The main reason why people are investing in Bitcoin is to make profit from Bitcoin. So if people invest in Bitcoin and reach over accumulation stage, and after they hold their Bitcoin investment for plenty of years and they see the profit that will change their lives for good from their Bitcoin investments, i see nothing wrong if they decide to make use of the opportunity and sell all their Bitcoins since the purpose of investing in Bitcoin was greatly achieved. They can use the profits they got from Bitcoin investment and start up a business that will give them good profits and change their lives the more, and they can reinvest in Bitcoin if they want to invest in Bitcoin.

Yea, everyone with their own reasons of how to go about their bitcoin investment at the end but I don't think that it's the best option to sell all your bitcoin investment that can continue yielding more profits overtime because you have achieved your bitcoin target for a traditional business. I don't plan of getting out of bitcoin even at old age.

There's no traditional business that you will make good profits overtime like what bitcoin will give you in future because your business is attached to fiat and fiat depreciates overtime. When you have reached your bitcoin target, instead of getting to over accumulation stage why not diversify into the business of your choice.

 I don't think it's a good decision to sell all your bitcoin because you want to start a business when your bitcoin investment is capable of compounding in value overtime. Time will come that you will regret your actions when bitcoin price will be very expensive.

[Nightwatchmare]

The main reason why people are investing in Bitcoin is to make profit from Bitcoin. So if people invest in Bitcoin and reach over accumulation stage, and after they hold their Bitcoin investment for plenty of years and they see the profit that will change their lives for good from their Bitcoin investments, i see nothing wrong if they decide to make use of the opportunity and sell all their Bitcoins since the purpose of investing in Bitcoin was greatly achieved. They can use the profits they got from Bitcoin investment and start up a business that will give them good profits and change their lives the more, and they can reinvest in Bitcoin if they want to invest in Bitcoin.

Yea, everyone with their own reasons of how to go about their bitcoin investment at the end but I don't think that it's the best option to sell all your bitcoin investment that can continue yielding more profits overtime because you have achieved your bitcoin target for a traditional business. I don't plan of getting out of bitcoin even at old age.

There's no traditional business that you will make good profits overtime like what bitcoin will give you in future because your business is attached to fiat and fiat depreciates overtime. When you have reached your bitcoin target, instead of getting to over accumulation stage why not diversify into the business of your choice.

 I don't think it's a good decision to sell all your bitcoin because you want to start a business when your bitcoin investment is capable of compounding in value overtime. Time will come that you will regret your actions when bitcoin price will be very expensive.

I have nothing against you continuing to hold your Bitcoin if you see the profit that will change your life for good without you working for anyone till your maker calls because that is what you want, and nobody will tell you when to sell your Bitcoin, but you should not see the investors that are willing to sell all their Bitcoin when they see the profits that will change their lives as people who are not wise. We have plenty of people who became millionaires and billionaires without investing in Bitcoin, so since you are not sure of the actual profits you will make in your Bitcoin investment, you should not say that there is no traditional business that will make good profits overtime like what Bitcoin will give you in the future.

[JayJuanGee]

Before embarking on your bitcoin investment journey, you must have been informed or taught on how it works, therefore don't be carried away with the profits you will be making that might make you want to sell at a short-term .

I am a strong believer of doing your own research before embarking on any investment, because you might actually be taught, but for you to be sure that what you were taught is the right thing, you as a person needs to do your own research for a proper confirmation that you are diluting the right knowledge, since most traders has mislead so many Bitcoin investors into Bitcoin investment. And such investors believe in trading their Bitcoin, instead of holding it strong for a very long time, so after being taught by any source on how Bitcoin works or how to invest in it, doing your own research is a better approach in other to be sure that it's the right thing, before implementation.

How much research do a newbie need to do before getting started?  Do you have some kind of threshold level that would be enough in order to meet your requirements?

With your guidelines, what is going to stop a guy from researching for several months or maybe even several years before getting started based on his need to feel that he had done enough research?  How is he going to know that he had researched enough?

Would he be researching his cashflow management or something about the underlying bitcoin or both?

A new investor observes whether he has basic knowledge and discretionary income related to Bitcoin, if he is able to get basic knowledge and discretionary income related to Bitcoin, then he can invest. First, it is the right decision for a person to start investing. After starting investing, he can gain more knowledge during the investment.

Basic knowledge usually means,
.How Bitcoin works
.What is Bitcoin
.Investment method
.Risks of Bitcoin

If a person has this basic knowledge, then he can start investing and after starting investing, he can gain more knowledge. However, after a person gains this basic knowledge, starting investing will be the right decision for him and he can move forward with investment and knowledge acquisition in a balanced manner.

You did not really describe "basic knowledge" very well, and why a person cannot get started without having the basic knowledge that you mention.  How much is enough on each of the categories, since they seem like they could be quite broadly interpreted and cause a person several weeks and/or months before even getting started. 

Wouldn't you want to make sure that you don't lose the emphasis on getting started?  and then there is a lot of variation with each person in terms of their assessment of their 9 personal informational matters, yet they don't need to really know any of their individual factors in detail before staring investing in bitcoin except whether they have discretionary income and maybe having some common sense that would contribute towards their starting out slow rather than rushing in, even though they are still getting started investing in bitcoin right away. .and maybe they are also getting started in strengthening their cashflow management practice right away, too? 

I am a strong believer of doing your own research before embarking on any investment, because you might actually be taught, but for you to be sure that what you were taught is the right thing, you as a person needs to do your own research for a proper confirmation that you are diluting the right knowledge, since most traders has mislead so many Bitcoin investors into Bitcoin investment. And such investors believe in trading their Bitcoin, instead of holding it strong for a very long time, so after being taught by any source on how Bitcoin works or how to invest in it, doing your own research is a better approach in other to be sure that it's the right thing, before implementation.

How much research do a newbie need to do before getting started?  Do you have some kind of threshold level that would be enough in order to meet your requirements?

I would be wrong if I make a level of threshold for everyone because everyone doesn't have the same pace of learning, some people are actually smarter and sharper than some, in grabbing things that they are being thought, but their is no point wasting all your time doing research because it may delay your accumulation.

I think that whenever anyone starts to articulate vague requirements beyond having discretionary income and common sense, then they are inviting delay.. and there is almost no one who actually needs to delay as long as he has discretionary income and common sense, and they can merely adjust the amount that they start to put in based on their level of comfort, whether that is $100, $10 or some other starting amount, that they might repeat that same initial amount 1 week later.

With your guidelines, what is going to stop a guy from researching for several months or maybe even several years before getting started based on his need to feel that he had done enough research?  How is he going to know that he had researched enough?

Once he has gotten the basic knowledge on Bitcoin and how to accumulate it, then he can start because that's enough knowledge to start, then along the line he can decides to do more research on things he needs to put in place for his bitcoin  investment  to be successful.
If he has someone that has been there before to help him through, it would be a lot better, but doing some finds on what you are taught is also good in other not to dilute the wrong knowledge.

Would he be researching his cashflow management or something about the underlying bitcoin or both?

No need of doing a research on your cash flow management because common sense is enough to do that.

Still cashflow management amounts to whether a guy has discretionary income or not and if he has enough in order to justify putting some of it into bitcoin.  If a guy is not sure about whether he has enough discretionary incomes or not, then he might have to spend sometime assessing that - within his own common sense determinations.  There are some guys who have a pretty steady income and pretty steady expenses, so they might not have to spend very much time figuring out their budget, but they are other guys who have income levels all over the place and maybe they never really thought about cashflow management previously.. .and I agree the other factor might relate to how quickly they learn, yet I would imagine that a lot of folks learn more quickly if they have had some related experiences, so when the put matters into experiential ways, they are likely going to learn faster and with more applicability towards tailorizing what they are doing to their own circumstances.

Since we invest with our discretionary income, all he just need is to sort out his basic needs first, then the discretionary income left is what he should be investing with, and also putting his emergency and reserve funds in place from it.
His research should be purely based on Bitcoin and what he needs to put in place in other to be successful in it, not on how to manage your finances, because common sense is enough to carry that out depending on your personal financial capabilities.

I would imagine that each month a guy might have some discretionary funds, so then he might consider whether he can invest into bitcoin every week based on when his income is coming in and when his expenses are due.  Yet each week, he might be faced with how much he wants to invest, versus save versus use for discretionary consumption.  If he had not thought about these matters previously, he can work out the details as he goes as long as he can ballparkedly determine that he has discretionary funds.. so then if he has a general ballpark idea that he has $100 every week, yet he is not 100% sure, he might start with $30 per week and then observe his cashflow situation with more detail and in light with stashing away part of those funds (in the case of hs bitcoin allocated amounts) for 4-10 years or longer.

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Yes, long-term holding is a good idea because investing isn't trading. Therefore, holding btc long-term certainly has the potential for higher profits, and the advantage is that we don't have to monitor the market. I also often hear people regret not holding BTC long-term because they always sell their btC when they see a profit, even if it's small. The person who regrets this is the one who bought btC in 2015.

However, everyone has different opinions on this matter, and for those who enjoy trading, I think there's nothing wrong with consistently making a profit. However, it's clear that long-term BTC investors consistently achieve substantial returns

Even though the title of the thread can be confusing, since there is a push to buy the dip, yet it seems that OP had mostly meant his posting ideas within an investing rather than trading context.   

So we are not equally considering whether trading is a good idea or not, and even your presumption that "trading can bring consistent profits" seems a bit likely you are trying to advocate for trading as if trading were a good idea or reasonable approach, when it isn't even if it were to be on topic in this thread..   

however when folks are making sales of their Bitcoin, they have to ensure that they already have a plan, and such an action is in line with their plan...The reason why folks should always verify they have a plan before selling their Bitcoin is coz once they have sold their Bitcoin, it may be very difficult to rebuy at the same exact average prices they bought due to the constant fluctuation of Bitcoin....

If a guy had been buying bitcoin for the past 10 years, then his average cost per BTC would be in the neighborhood of $3,700 per BTC, so he is not going to be able to buy back for the price that he bought them, even though he might be able to buy some back at the price that he sold them, to the extent that any of that buying back at the sold price or below would be feasible.

Sure you are right,  and I just keep asking myself when folks will get into their thick skull that they just cannot predict, neither can they outsmart or time the market... And for those long term Bitcoiners who sell out their coins with the intention of gambling in for a re-entry by buying at lower price, such decisions are very unwise....Coz if they start doing that, they already have turned themselves into traders because they would start timing the exact price bottom that would profit then to make their buy at... Price of Bitcoin just moves in an unpredictable manner, and no one can perfectly tell at what price the perfect dip would be, and then chances of selling and successfully buying at cheaper prices is just so slim...

If a guy has a goal of accumulating bitcoin, and he sells some coins with anticipation that he might be able to buy back cheaper, then he has transitioned himself into waiting rather than ongoingly buying.

Sure there could be situations where he is able to buy back cheaper, yet if his goals are for the long term, such as 10 years or longer, then it becomes hard to appreciate why he wants to interfere with his progress of ongoingly buying bitcoin... since instead of selling, he could just keep ongoingly buy.. and stay focused on his goal, which is presumptively to attempt to accumulate as much bitcoin as he can, and sure he would like to buy them cheaper, if possible, yet it is just very diffcilt to know when the BTC price is going to go down.

For me it seems like a distraction from the overall mission, even though so many guys are lured into the idea of selling higher and buying back cheaper so that they can get more coins without having to add more capital to their bitcoin investment.

Your words are confusing. You sound like a trader in almost all your statement here but your saying "investing through DCA" makes a different. I understand you are newbie, you need alot to learn to be successful in Bitcoin accumulation. I will advice you to read and learn more about Bitcoin investment so you won't end up becoming a trader rather than an investor.

Your right we have a lot to learn in bitcoin, learning in bitcoin is endless so as we are learning we should also be accumulating as well. Learning is important but waiting until we learnt everything in bitcoin before investing could prevent us from investing . It would seem crazy if we're trying to learning everything rather we should learn the basic knowledge and start investing as quickly as possible. As we are investing we would also be learning many things we hadn't t knewn about bitcoin.

If you want to gain deep knowledge about Bitcoin before investing, it will be a waste of time and it will delay the investment, and you cannot survive in Bitcoin investment with completely empty knowledge. So what we need to do is to first gain basic knowledge, not to gain complete deep knowledge, and not to be completely ignorant, but rather we should start Bitcoin with basic knowledge, in this way we are not likely to make wrong decisions and at the same time while continuing the investment, we should start knowing Bitcoin more deeply, that is, we should continue both gaining knowledge and investing together, it is certainly possible and through this we will not be left behind in any case, this is how conscious and responsible investors start.

You still have a problem when you proclaim some certain basic knowledge is needed without putting some parameters on what that knowledge is and why is your need for that knowledge delaying you from getting started investing in bitcoin.  I don't buy that there is some need for basic knowledge, since I presume 97.5% or mored of folks have enough common sense that they can get started and just figure out their starting position size as long as they have discretionary funds.

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Buying and selling is simply for traders. Investors buy bitcoin and hold it for the true value in the nearest future. There is a plan towards investment, while the only plan for trading is to make quick profit. As people who is aware of this, which will you choose? Would you trade value for quick profit? I don't think a reasonable person will prefer to enjoy now, then build wealth for the future.

That is why investors are the ones earning plenty profit than traders, because they will make sure the price hit higher when hodling the BTC before they can be convince to sell the BTC they have being hodling for long years, and  by then some Traders that have made profits from trading will nearly finish their money.Traders can trade at anytime once they discovered that there will be profit, because they prefer to always see profits whenever they are trading BTC, because that is what is motivating them to remain as profitable traders.

But what some people don't understand about investors hodling for long years is that you can be earning profit from the investment and you will be successful than traders that is trading daily or weekly, because investors know how to make up their mind to hodl for long years.

If you are describing your goals as profits and considering the goals of both traders and investors in terms of profits, you seem to be trying to frame bitcoin investment within a trading framework.

If you have spent 10 years or more building up your bitcoin holdings, then why would you give very many shits about whether your holdings were 50% profits or 250% profits or 1,000x profits or some other number?

Your main concern would likely be regarding the extent to which your bitcoin holdings are enough to accomplish your various needs, such as making monthly withdrawals from it or something like that

So right now if you had a goal of wanting to cash out $80k per year, then you want to make sure that your bitcoin holdings are of a certain size, such as 13.7625 BTC or greater..  Sure if you have more bitcoin then that is even better since you would have a cushion of extra bitcoin, yet you would be thinking about your bitcoin stash in terms of how many you have and how much income it would be able to generate rather than how much profits (if any) that it has.

[laspol65]

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Yes, long-term holding is a good idea because investing isn't trading. Therefore, holding btc long-term certainly has the potential for higher profits, and the advantage is that we don't have to monitor the market. I also often hear people regret not holding BTC long-term because they always sell their btC when they see a profit, even if it's small. The person who regrets this is the one who bought btC in 2015.

However, everyone has different opinions on this matter, and for those who enjoy trading, I think there's nothing wrong with consistently making a profit. However, it's clear that long-term BTC investors consistently achieve substantial returns

Trading doesn't give anyone consistent profits but rather consistent losses. This is the reason why trading is very risky. If we compare long term holders and traders, it is obvious that holding bitcoin for a long term is more promising and rewarding than short term.
Aside loses there are so many difficulties with trading, To be good in trading ones need to be technically inclined and it also requires timing the market to know when it is right to buy in other to be in loss which is very tedious.

There are some other difficulties in trading that require constant market research and if the Bitcoin price does not reach the appropriate place, it becomes impossible to accept trading. That is why trading consistently never gives benefits but consistently causes losses. I have not seen anyone succeed in trading, but long-term Bitcoin holding is very successful, which I have proven myself. Therefore, those who trade basically live in a state of fools, so we should not discuss trading, as it may confuse newcomers.
Rather, if we keep it for a long time with confidence in long-term investments, then it will definitely be possible to get the maximum benefits and the risk will be much less.

[SmartCharpa]

I agree with you. The point is to implement a DCA strategy for the long term. If you achieve your goals and make a profit there's no harm in taking the profits, because the essence of investing in Bitcoin is to achieve financial freedom.

I sometimes get confused when people sell Bitcoin when they've already reached their target. This isn't wrong, especially since every investor's goals are different; even professional investors do the same thing. When they reach their target, they sell and then buy back in. Of course, the investment target is at least 10 years. If you've reached your target within 10 years there's no harm in selling and buying back in with DCA when a correction occurs.

Sure, taking a profit from your investment is not a bad thing, everyone invests to make profit. But I hardly see an investor who sell off their Bitcoin after they have held for a long time. If you have hold for at least 10 years, it is not a bad idea to sell part of it because you own it, and the effort you put in to ensure you hold for a long time. If Bitcoin has been improving in previous years, I believe we should consider what Bitcoin price will be in the next 10 years.

Some people will set a target themselves to buy Bitcoin, and after they hit the target, they will stop buying, but that does not mean they should sell everything after putting all the efforts to start over again. If you start again, the price will not drop down, and you will not have the advantage you had back then, and that sounds like someone selling and hoping to buy back at a lower price.

[NewRevelation]

I agree with you. The point is to implement a DCA strategy for the long term. If you achieve your goals and make a profit there's no harm in taking the profits, because the essence of investing in Bitcoin is to achieve financial freedom.

I sometimes get confused when people sell Bitcoin when they've already reached their target. This isn't wrong, especially since every investor's goals are different; even professional investors do the same thing. When they reach their target, they sell and then buy back in. Of course, the investment target is at least 10 years. If you've reached your target within 10 years there's no harm in selling and buying back in with DCA when a correction occurs.

Sure, taking a profit from your investment is not a bad thing, everyone invests to make profit. But I hardly see an investor who sell off their Bitcoin after they have held for a long time. If you have hold for at least 10 years, it is not a bad idea to sell part of it because you own it, and the effort you put in to ensure you hold for a long time. If Bitcoin has been improving in previous years, I believe we should consider what Bitcoin price will be in the next 10 years.

The question is, why do you want to sell? Have you reached your over accumulation stage yet? Or you just want to sell because you have held for 10 years and you have some gains? Such sells are habits of traders. Of course, we don't know hat the price of bitcoin will be in the next 10 years as you mentioned, and that's even the note reason you shouldn't sell but HODL much more longer to really get the full potential of your investment. If you keep taking off some part of your bitcoin I'm the name of making some more gains, I bet you, you may not arrive at your set investment target as such pulling off or profit once in a while will slow down your accumulation and portfolio amount. HODLing longer offers more rewarding opportunities than selling for some gain reasons

[Showlove01]

I think the point is to hold Bitcoin for the long term, not just to buy and sell once you make a profit, and I think that's correct. Although it still requires learning, the main thing is that we need to have a plan to hold Bitcoin for the long term, regardless of whatever strategy we use. I believe it will be very profitable in the future.

Yes, long-term holding is a good idea because investing isn't trading. Therefore, holding btc long-term certainly has the potential for higher profits, and the advantage is that we don't have to monitor the market. I also often hear people regret not holding BTC long-term because they always sell their btC when they see a profit, even if it's small. The person who regrets this is the one who bought btC in 2015.

However, everyone has different opinions on this matter, and for those who enjoy trading, I think there's nothing wrong with consistently making a profit. However, it's clear that long-term BTC investors consistently achieve substantial returns

Trading doesn't give anyone consistent profits but rather consistent losses. This is the reason why trading is very risky. If we compare long term holders and traders, it is obvious that holding bitcoin for a long term is more promising and rewarding than short term.
Aside loses there are so many difficulties with trading, To be good in trading ones need to be technically inclined and it also requires timing the market to know when it is right to buy in other to be in loss which is very tedious.

There are some other difficulties in trading that require constant market research and if the Bitcoin price does not reach the appropriate place, it becomes impossible to accept trading. That is why trading consistently never gives benefits but consistently causes losses. I have not seen anyone succeed in trading, but long-term Bitcoin holding is very successful, which I have proven myself. Therefore, those who trade basically live in a state of fools, so we should not discuss trading, as it may confuse newcomers.
Rather, if we keep it for a long time with confidence in long-term investments, then it will definitely be possible to get the maximum benefits and the risk will be much less.

What I know for sure is that whether someone trade consistently or not they can not run away from loss because it is inevitable and that is why we should save ourselves that because there is no guarantee one will make profit no matter the amount of analysis and technical know how. The safest way to go into Bitcoin and hope for something meaningful is by accumulating and holding for some years using what we can afford to lose so that any circumstances won't get us carried away.

[Bigjoe33]

Sure, taking a profit from your investment is not a bad thing, everyone invests to make profit. But I hardly see an investor who sell off their Bitcoin after they have held for a long time. If you have hold for at least 10 years, it is not a bad idea to sell part of it because you own it, and the effort you put in to ensure you hold for a long time. If Bitcoin has been improving in previous years, I believe we should consider what Bitcoin price will be in the next 10 years.

Some people will set a target themselves to buy Bitcoin, and after they hit the target, they will stop buying, but that does not mean they should sell everything after putting all the efforts to start over again. If you start again, the price will not drop down, and you will not have the advantage you had back then, and that sounds like someone selling and hoping to buy back at a lower price.

I think it depends on the reason why you sold, yea. If your reason for selling is because you think you have saved up for 10 years and then, it's time for you take off some, then am afraid you are doing it wrong because such practices is retarding and slows your investment or accumulated assets. Perhaps, 10 years may not even be enough for you to hold, since we can't bank on bitcoin price, because the lower it falls, then, the lower your expected income or profit, and on the other hand, your accumulation amount too, you wouldn't have accumulated much if you are buying with little DCA amounts.

So I think the concept of selling off some junk of your investments if you have held for sometime and has made some gains isn't right and such is not enough and/or tangible reason to sell. If you still HODL longer, it's still yours and you still stand a chance to reap better gains ahead, offcourse, imagining what bitcoin price will be in the next 10 years should even be an encouragement to even HODL. Think long term, not short time gains

[Jaycoinz]

Buying and selling is simply for traders. Investors buy bitcoin and hold it for the true value in the nearest future. There is a plan towards investment, while the only plan for trading is to make quick profit. As people who is aware of this, which will you choose? Would you trade value for quick profit? I don't think a reasonable person will prefer to enjoy now, then build wealth for the future.

Bitcoin and trading are completely different. Although you can make quick profits in trading, there are many risks in it, and you cannot make quick profits in Bitcoin. When working with Bitcoin, you have to have confidence and patience in yourself. Bitcoin and trading will never happen. Those who work with Bitcoin never make quick profits. By investing in Bitcoin, we can increase our wealth for the futur.

Now this sort of mentality will definitely get you in trouble especially when you keep ranting about making quick ends means, I mean you must know that anything that has ability to yield very quick profit also has the ability to swallow up your capital within the twinkle of an eye.

If you are saving then let it be that you are saving and if you want to gamble too the choice is yours but be sure to know that you are in for one hell of a ride as you will constantly be on edge trying to make out little profits that might eventually go all in back when the greed starts kicking up.

[Obulis]

An investor should be able to hold Bitcoin for as long as possible, short term holding changes you from investor to a trader. Alot of us loss focus along the way maybe after holding for 1 or 2 year thinking it's enough just because of small profits that is showing in their wallets. People who bought Bitcoin in 2010 and Sold in 2012 will be in tears by now , so Bitcoin is something that you need to hold for 8 years above if you truly want to see massive gains. And that alone isn't enough you must still be able to continue to accumulate consistently along the way in other to build your portfolio.

Yes,, this is clear, because it's an investment, and therefore, it's natural and necessary to hold it for the long term. Because that's how it should be. So,, the bottom line is that for people who want to invest in Bitcoin today, they shouldn't make the same mistakes as those who sold their Bitcoin quickly. Information is now very easily accessible, and therefore, Bitcoin investors today should understand that Bitcoin investment must be long-term. This is different from 2013 and earlier,, when Bitcoin was perhaps still looked down upon, so it was still considered normal for many people to sell their Bitcoin quickly due to ignorance. But now, I don't think that should happen.

Hodling Bitcoin for long has been the best thing to do. One thing that has made people hasten up the sales of their Bitcoin could be not using discretionary funds to the point of even borrowing to invest. On the other hand the being carried away by the fantasy of the gain already made. Aside trading which moves is all about quick sales, the mistake or ignorance of selling Bitcoin too early is still happening based on different reasons personal and perceived from others. Blocking any form of external influence and focusing on your target sets ground for longer holding.

[Silikiem]

Sure, taking a profit from your investment is not a bad thing, everyone invests to make profit. But I hardly see an investor who sell off their Bitcoin after they have held for a long time. If you have hold for at least 10 years, it is not a bad idea to sell part of it because you own it, and the effort you put in to ensure you hold for a long time. If Bitcoin has been improving in previous years, I believe we should consider what Bitcoin price will be in the next 10 years.

Some people will set a target themselves to buy Bitcoin, and after they hit the target, they will stop buying, but that does not mean they should sell everything after putting all the efforts to start over again. If you start again, the price will not drop down, and you will not have the advantage you had back then, and that sounds like someone selling and hoping to buy back at a lower price.

I think it depends on the reason why you sold, yea. If your reason for selling is because you think you have saved up for 10 years and then, it's time for you take off some, then am afraid you are doing it wrong because such practices is retarding and slows your investment or accumulated assets. Perhaps, 10 years may not even be enough for you to hold, since we can't bank on bitcoin price, because the lower it falls, then, the lower your expected income or profit, and on the other hand, your accumulation amount too, you wouldn't have accumulated much if you are buying with little DCA amounts.

So I think the concept of selling off some junk of your investments if you have held for sometime and has made some gains isn't right and such is not enough and/or tangible reason to sell. If you still HODL longer, it's still yours and you still stand a chance to reap better gains ahead, offcourse, imagining what bitcoin price will be in the next 10 years should even be an encouragement to even HODL. Think long term, not short time gains

I think it’s not really a bad idea taking some profits if an investor who’s been accumulating bitcoin and hold for over this period of 10 years and have gotten to his accumulation target or even over accumulation. Because sometimes within this period of 10 years of consistent accumulation and investing, it’s possible that this individual has been retired from his job and at such he doesn’t have any more strength of working elsewhere, or couldn’t secure a job elsewhere to earn money due to age factors. So yea, this individual can resort to living up with his bitcoin investment profit and there’s absolutely nothing wrong with such if that be the case. He can apply the sustainable withdrawal method of taking his profit to be living off it while still maintaining his portfolio as he has already accumulated a decent amount of bitcoin and hold over the years, 10 years of consistent accumulation and hold isn't 10days remember.

[red4slash]

Hodling Bitcoin for long has been the best thing to do. One thing that has made people hasten up the sales of their Bitcoin could be not using discretionary funds to the point of even borrowing to invest. On the other hand the being carried away by the fantasy of the gain already made. Aside trading which moves is all about quick sales, the mistake or ignorance of selling Bitcoin too early is still happening based on different reasons personal and perceived from others. Blocking any form of external influence and focusing on your target sets ground for longer holding.

That might be a consideration but I see more those who sell bitcoin usually they are just fomo who don't think about anything when buying because what they believe in is not bitcoin but to influencers and some of the closest people who have felt the impact of bitcoin so they follow and the results are not as expected which makes them think when they sell now even though they are in a loss but they still get a little money.

That's what always happens nowadays so it doesn't matter whether they do with discretionary funds or not when there is no growing confidence and only focus on what others say but don't want to look further and understand what bitcoin is then everything will look the same in the end.