Buy the DIP, and HODL!

[barisbilgili]

Watching price and profit is a kind of human pattern especially when one have good money on the Line it's not always about getting distracted sometimes it is just people who try to make sense of where they stand, the consistency part is what most individuals underestimate sticking to a plan week after week regardless of noise is probably what separates those who are actually building something good from those who keeps second guessing.

I believe people that monitored the price of bitcoin regularly are those who invested with money they cannot afford to lose and if they continue do so it could affect their accumulation or distract them from accumulating bitcoin. That's why using discretionary income is the best way to invest in bitcoin because it gives you peace of mind against market violatility. You won't stress yourself monitoring the price of bitcoin or worry about market violatility since the money you invested is what you can afford to lose.

And for those who decide to invest for the long term, there is no need to monitor the market situation regularly. Their responsibility is only to buy consistently, no matter the price, as soon as it makes sense to invest. But for those who monitor the market situation, they will think that the market movement will now be as they expect, and with this confidence they may buy Bitcoin with the intention of buying and selling with more money than they can afford, but later the market does not move as they expect, due to which they face unexpected losses. This is why we should refrain from worrying too much about market fluctuations, just buy consistently, this is the most suitable for long-term investment.

For those who invest long-term, they really will not care about the price of Bitcoin and will not continuously monitor market movements, and I also think that is the right approach. If there are people who keep constantly monitoring the price of Bitcoin out of fear of losses, then, in my opinion, that is a big mistake. It will cause panic and also has the potential for losses. So it is indeed correct that we only need to accumulate Bitcoin at all times with discretionary income and then let that investment be for the long term. I think it is a very simple strategy.

[Bigjoe158]

Watching price and profit is a kind of human pattern especially when one have good money on the Line it's not always about getting distracted sometimes it is just people who try to make sense of where they stand, the consistency part is what most individuals underestimate sticking to a plan week after week regardless of noise is probably what separates those who are actually building something good from those who keeps second guessing.

I believe people that monitored the price of bitcoin regularly are those who invested with money they cannot afford to lose and if they continue do so it could affect their accumulation or distract them from accumulating bitcoin. That's why using discretionary income is the best way to invest in bitcoin because it gives you peace of mind against market violatility. You won't stress yourself monitoring the price of bitcoin or worry about market violatility since the money you invested is what you can afford to lose.

And for those who decide to invest for the long term, there is no need to monitor the market situation regularly. Their responsibility is only to buy consistently, no matter the price, as soon as it makes sense to invest. But for those who monitor the market situation, they will think that the market movement will now be as they expect, and with this confidence they may buy Bitcoin with the intention of buying and selling with more money than they can afford, but later the market does not move as they expect, due to which they face unexpected losses. This is why we should refrain from worrying too much about market fluctuations, just buy consistently, this is the most suitable for long-term investment.

For those who invest long-term, they really will not care about the price of Bitcoin and will not continuously monitor market movements, and I also think that is the right approach. If there are people who keep constantly monitoring the price of Bitcoin out of fear of losses, then, in my opinion, that is a big mistake. It will cause panic and also has the potential for losses. So it is indeed correct that we only need to accumulate Bitcoin at all times with discretionary income and then let that investment be for the long term. I think it is a very simple strategy.

It's normal for someone to monitor his or her investment to know where that needs adjustment. Be it long run or short run business is business. Nobody invest money in any business and goes to bed without monitoring the business. It's like you watching over your child growing up in your house and if he starts misbehaving there are rules you put in place for him to follow to become successful. Business is like child you are noturing to become a better person tomorrow.

[Promocodeudo]

Sometimes I start to think that the older forum members will start to understand that there is no reason to be messing around looking at price or profits or trying to promote those kinds of ideas etc.. or at least not allowing BTC price changes to affect the ongoing bitcoin accumulation that they likely need to continue to do, yet so many guys seem to get distracted by the price, and or  by profits... which likely puts them into a wrong mindset, especially since it tends to take so long to build up a bitcoin holdings, even for any guys that might be able to draw some money from some other investments that they have and to put that money into bitcoin.

With what you said here, it is either most of these older forum members aren't learning or they have already decided or choose to be like that which means they never actually come to invest in Bitcoin for a long-term, there mindset has always been to go in and take out profit at the shortest time frame, if this is what it is, we shouldn't expect any of them not to be detailing or distracted by the Bitcoin price fluntuation, these guys are traders and you know how Addictive trading could be even though people deny that fact that trading can is not be addictive, if it is not, why will someone keep losing money and continue to do same thing over and over again, doesn't that say it all. @JayJuanGee I understand how these things looks sometimes when it seems like the people that are supposed to be an example for newbies to learn from are now doing what the would've adviced newbies about. It is unfortunate that Some people are really missing out totally from the comfortability and stable mindset that comes with accumulating Bitcoin with DCA method and hodling for a long-term.

[Emjay24]

You think that almost everyone (referring to investing) is focused on profits? 

Might you have a better way of saying what you are trying to say, since you seem to be referring to trading rather than investing when you are proclaiming "profits" a if it were a central focus of a bitcoin investor.

yes that is how traders always think and behave, those kit thinks that everything in this life is almost about profit and so they are ready to do all kind of dumb things in their power to get quick money.

A investor thinks differently, a investors thinks capital should first be preserve before profit can come, that is why they ongoingly invest for a very long period like 4 years.

Talking about profits doesn’t make you a trader . As an investor we also focus on profits but not on quick profits, that’s the reason we always advise folks to stack enough bitcoin if you want a better ROI . Yes is not easy to build a better stack , it takes time and determination, mix with a good principle .

While traders literally focus on short term profits. They don’t accumulate , rather they try to take opportunity of the markets wave , which come with high risk compare to that of trading .

As an Investor, especially those very early in their accumulation journey, focusing on profits could be distracting and misleading. The investor's focus should be on their regular buying to stack up a descent portfolio for themselves. A no coiner or low coiner focusing on profits of any nature could best be described as counting your chicks before the eggs hatches, the focus should be rooted in the process and possible workaround of your finances in order to increase your income while would make available more discretionary income and of course increase your aggressiveness.

Maybe when you've reached the stage of overaccumulation, you can consider profit taking since you have already recorded success in your investment, but any profit to be taken must not see your stash go below your target quantity.

[Hardyrobust]

You think that almost everyone (referring to investing) is focused on profits? 

Might you have a better way of saying what you are trying to say, since you seem to be referring to trading rather than investing when you are proclaiming "profits" a if it were a central focus of a bitcoin investor.

yes that is how traders always think and behave, those kit thinks that everything in this life is almost about profit and so they are ready to do all kind of dumb things in their power to get quick money.

A investor thinks differently, a investors thinks capital should first be preserve before profit can come, that is why they ongoingly invest for a very long period like 4 years.

Talking about profits doesn’t make you a trader . As an investor we also focus on profits but not on quick profits, that’s the reason we always advise folks to stack enough bitcoin if you want a better ROI . Yes is not easy to build a better stack , it takes time and determination, mix with a good principle .

While traders literally focus on short term profits. They don’t accumulate , rather they try to take opportunity of the markets wave , which come with high risk compare to that of trading .

As an Investor, especially those very early in their accumulation journey, focusing on profits could be distracting and misleading. The investor's focus should be on their regular buying to stack up a descent portfolio for themselves. A no coiner or low coiner focusing on profits of any nature could best be described as counting your chicks before the eggs hatches, the focus should be rooted in the process and possible workaround of your finances in order to increase your income while would make available more discretionary income and of course increase your aggressiveness.

Maybe when you've reached the stage of overaccumulation, you can consider profit taking since you have already recorded success in your investment, but any profit to be taken must not see your stash go below your target quantity.

The mindset of making profit from bitcoin from the onset of our bitcoin investment isn't a good idea. The focus should be on how to build or have a good portfolio in bitcoin. An investor should focus more on how they can be able to accumulate a reasonable amount of bitcoin before they can think towards the direction of making profit. Starting with profit mentality without having a good stash of bitcoin in our portfolio will makes it difficult for anyone to hold bitcoin. The urge to always trade and make profit will be very high because they already have a goal which to make profit.

[Abbatty]

Sometimes I start to think that the older forum members will start to understand that there is no reason to be messing around looking at price or profits or trying to promote those kinds of ideas etc.. or at least not allowing BTC price changes to affect the ongoing bitcoin accumulation that they likely need to continue to do, yet so many guys seem to get distracted by the price, and or  by profits... which likely puts them into a wrong mindset, especially since it tends to take so long to build up a bitcoin holdings, even for any guys that might be able to draw some money from some other investments that they have and to put that money into bitcoin.

With what you said here, it is either most of these older forum members aren't learning or they have already decided or choose to be like that which means they never actually come to invest in Bitcoin for a long-term, there mindset has always been to go in and take out profit at the shortest time frame, if this is what it is, we shouldn't expect any of them not to be detailing or distracted by the Bitcoin price fluntuation, these guys are traders and you know how Addictive trading could be even though people deny that fact that trading can is not be addictive, if it is not, why will someone keep losing money and continue to do same thing over and over again, doesn't that say it all. @JayJuanGee I understand how these things looks sometimes when it seems like the people that are supposed to be an example for newbies to learn from are now doing what the would've adviced newbies about. It is unfortunate that Some people are really missing out totally from the comfortability and stable mindset that comes with accumulating Bitcoin with DCA method and hodling for a long-term.

From how I see it, I think most of these older forum member are actually just ignorance of what they have learnt and will tend to invest even whey that don’t have adequate emergency funds and then will be forced to take out little profit or invest for a short period of time. So many of them might actually be traders and we all know addictive trading can actually be and how obsessed they are with making profit rather that accumulating and holding bitcoin for a long period of time.

For me again I think greed is actually another reason why some of these older forum members engage in such act, they are really after what they can actually get and not about accumulating bitcoin which is a very bad idea.

[sotelorene]

You think that almost everyone (referring to investing) is focused on profits? 

Might you have a better way of saying what you are trying to say, since you seem to be referring to trading rather than investing when you are proclaiming "profits" a if it were a central focus of a bitcoin investor.

yes that is how traders always think and behave, those kit thinks that everything in this life is almost about profit and so they are ready to do all kind of dumb things in their power to get quick money.

A investor thinks differently, a investors thinks capital should first be preserve before profit can come, that is why they ongoingly invest for a very long period like 4 years.

Talking about profits doesn’t make you a trader . As an investor we also focus on profits but not on quick profits, that’s the reason we always advise folks to stack enough bitcoin if you want a better ROI . Yes is not easy to build a better stack , it takes time and determination, mix with a good principle .

While traders literally focus on short term profits. They don’t accumulate , rather they try to take opportunity of the markets wave , which come with high risk compare to that of trading .

As an Investor, especially those very early in their accumulation journey, focusing on profits could be distracting and misleading. The investor's focus should be on their regular buying to stack up a descent portfolio for themselves. A no coiner or low coiner focusing on profits of any nature could best be described as counting your chicks before the eggs hatches, the focus should be rooted in the process and possible workaround of your finances in order to increase your income while would make available more discretionary income and of course increase your aggressiveness.

Maybe when you've reached the stage of overaccumulation, you can consider profit taking since you have already recorded success in your investment, but any profit to be taken must not see your stash go below your target quantity.

The mindset of making profit from bitcoin from the onset of our bitcoin investment isn't a good idea. The focus should be on how to build or have a good portfolio in bitcoin. An investor should focus more on how they can be able to accumulate a reasonable amount of bitcoin before they can think towards the direction of making profit. Starting with profit mentality without having a good stash of bitcoin in our portfolio will makes it difficult for anyone to hold bitcoin. The urge to always trade and make profit will be very high because they already have a goal which to make profit.

I believe everyone's mindset before starting Bitcoin  investment was to make profit after holding for a long period of time and there is nothing wrong with that and again the mindset to make profit from Bitcoin should not distract anyone from their main goal. I'm sure anyone who is ready to accumulate Bitcoin and hold for the long term, the mindset of making profit will never distract them rather it will still be a catalyst to some people's accumulation because once you realize what the future holds due to its potential you will be move to grow your portfolio.

[Bigjoe33]

You think that almost everyone (referring to investing) is focused on profits? 

Might you have a better way of saying what you are trying to say, since you seem to be referring to trading rather than investing when you are proclaiming "profits" a if it were a central focus of a bitcoin investor.

yes that is how traders always think and behave, those kit thinks that everything in this life is almost about profit and so they are ready to do all kind of dumb things in their power to get quick money.

A investor thinks differently, a investors thinks capital should first be preserve before profit can come, that is why they ongoingly invest for a very long period like 4 years.

Talking about profits doesn’t make you a trader . As an investor we also focus on profits but not on quick profits, that’s the reason we always advise folks to stack enough bitcoin if you want a better ROI . Yes is not easy to build a better stack , it takes time and determination, mix with a good principle .

While traders literally focus on short term profits. They don’t accumulate , rather they try to take opportunity of the markets wave , which come with high risk compare to that of trading .

As an Investor, especially those very early in their accumulation journey, focusing on profits could be distracting and misleading. The investor's focus should be on their regular buying to stack up a descent portfolio for themselves. A no coiner or low coiner focusing on profits of any nature could best be described as counting your chicks before the eggs hatches, the focus should be rooted in the process and possible workaround of your finances in order to increase your income while would make available more discretionary income and of course increase your aggressiveness.

Maybe when you've reached the stage of overaccumulation, you can consider profit taking since you have already recorded success in your investment, but any profit to be taken must not see your stash go below your target quantity.

The mindset of making profit from bitcoin from the onset of our bitcoin investment isn't a good idea. The focus should be on how to build or have a good portfolio in bitcoin. An investor should focus more on how they can be able to accumulate a reasonable amount of bitcoin before they can think towards the direction of making profit. Starting with profit mentality without having a good stash of bitcoin in our portfolio will makes it difficult for anyone to hold bitcoin. The urge to always trade and make profit will be very high because they already have a goal which to make profit.

I believe everyone's mindset before starting Bitcoin  investment was to make profit after holding for a long period of time and there is nothing wrong with that and again the mindset to make profit from Bitcoin should not distract anyone from their main goal. I'm sure anyone who is ready to accumulate Bitcoin and hold for the long term, the mindset of making profit will never distract them rather it will still be a catalyst to some people's accumulation because once you realize what the future holds due to its potential you will be move to grow your portfolio.

Surely, the mentality we enter bitcoin investment with determines how far or how bad we would go while accumulating or investing in bitcoin. 1) A short time bitcoin trading and taking gains and reinvesting mentality will keep you and your portfolio retarded and stop you from growing even though you remain in the make for long.
2) A long term investment mentality keeps you growing with an increased portfolio over the years and ahead.

Surely, guys can change there mentality towards there investment as they keep up with there ongoing accumulation, either someone with a short time investment plan decided to leave it at long term investment since he has learnt that long term is the best and vice versa. But the focal point is, if you started with short time gains, it would really delay you and keep you behind. So it's best we begin our investment with a long term investment mentality, as this will serve as a catalyst to consistency and a fast growing portfolio

[Obulis]

Those who do market research to invest in Bitcoin may be unable to sustain their investment. The investor is inside the current market with a slight improvement, so a person who follows the DCA method regularly will never do market research for Bitcoin investment because he will maintain the continuity of purchase. If you invest for a long time by maintaining the continuity of Bitcoin purchase, the success of Bitcoin investment will definitely be ensured, because the possibility of profit will increase greatly if the portfolio is large due to investing in Bitcoin for a long time. Therefore, Bitcoin is the most profitable in the long term and helps reduce risk.

Doing market research is actually not too bad to do but when the goal is long-term then don't get too hung up on short-term movements.
I think understanding the market as an additional knowledge is not something negative because it can also make our knowledge and experience increase.  What needs to be avoided here is not about understanding the market movement but the response that we do afterwards.
There is a concern for some people (especially for beginners) to make short-term market understanding as a reference that they have to get out when from the beginning they want to make this a long-term investment.

It is not the understanding of the market that is dangerous but our response to the market because we feel that our speculation can come true so we actually make the wrong decision when we see market movements.

Trying to understand the market is highly dependent not about it being negative or not. Whenever it appears unnecessary like making a long-term move through DCA that's not it being negative. Just that it's value does not really apply and that should be simple to understand.
So when the understanding of the market adds no value to your move then no need in trying to understand the market and that doesn't make it negative except otherwise. Some investor might not even have what it takes to speculate the market and when that is the case what is actually the need to understand the market? Indeed it is not about it being negative or not it is about the values it adds.

However, trying to understand the market can or may mean a lot, don't forget that you can easily be moved by what you know and or believe.

[Joeboy]

If a person regularly speculates on the market price and if he does not deviate from the human nature of his investment, then it is not a bad thing.

On a scale of 1-100 what are the possibility that price speculation wouldn't derail/or deviate folks especially the newbies from their investments goal? Yeah you could do the maths by yourself.. Infact let me tell you this, the odds of newbies staying disciplined to continue in their long term accumution is very low when they constantly speculate on price, this could be said even for the experienced investors.... So as an investor why take that chance? When you could just focus on consistently growing your portfolio whilst growiing some backup/emergency funds..

It's normal for someone to monitor his or her investment to know where that needs adjustment. Be it long run or short run business is business. Nobody invest money in any business and goes to bed without monitoring the business. It's like you watching over your child growing up in your house and if he starts misbehaving there are rules you put in place for him to follow to become successful. Business is like child you are noturing to become a better person tomorrow.

The very mistake you made is comparing Bitcoin with a business, unless of course you are a trader coz thats how traders think.. Bitcoin is an investment not a business... This is coz in business there is the need to constantly withdraw profit after any sales made, and if you apply this mentality to Bitcoin, then am sorry for both you and your investment.....

[SmartCharpa]

that said investors should know that they are still taking a risk by investing in bitcoin while there is a good chance that bitcoin's price will never drop down to ZERO there is also a good chance that it will not go higher than it currently is but even with all these potential limitations a good investor will still choose to invest with the hope of the price of bitcoin increasing with time so while we can not say for sure that the price will keep increasing up to even hitting a new ATH we should still endeavour to accumulate and HODL as that is the investor thing to do.

One day, Bitcoin may not exist, because last forever, even the humans who invest in it. Many people are confident in Bitcoin, despite with changes in the market, people continue to buy because of the good record it has in the past. If you check the current price of Bitcoin that is around $73k, and compared it to the price of Bitcoin in the last two years, that success alone is enough for people to believe in it future benefits. It gives investors confidence even though nothing is guaranteed.

However, nobody has ever said that making profits in bitcoin is guaranteed, it takes time before investor make profits in their investment. Many people do not have the mindset to invest as easily as it seems to be. Though we can say it is easy to invest, the risk is only less for those who understand what they are doing, like investing with what they can afford and avoiding risks beyond our income.

[Tamaperdana]

Talking about profits doesn’t make you a trader . As an investor we also focus on profits but not on quick profits, that’s the reason we always advise folks to stack enough bitcoin if you want a better ROI . Yes is not easy to build a better stack , it takes time and determination, mix with a good principle .

While traders literally focus on short term profits. They don’t accumulate , rather they try to take opportunity of the markets wave , which come with high risk compare to that of trading .

Yes, what you said is essentially true, because discussing profits when investing is perfectly normal. But remember, if we're still in the early stages of Bitcoin investment, I don't think we need to discuss profits frequently, because sooner or later, it will change our psychology and mindset. Logically, if someone is too obsessed with profits, their thinking will gradually shift to how to make a quick profit. This, in my opinion, is the real danger.

Perhaps for those who have gotten through that phase, this kind of thing is no longer a problem. But for beginners just entering the world of Bitcoin investment, I'm honestly quite concerned if they focus too much on profits. After all, profit is something we probably don't need to think about often. Profit is the positive return on our investment. Therefore, what we must do to achieve a good return on our investment is to improve our Bitcoin investment process and not focus solely on profits.

[Finebone]

One day, Bitcoin may not exist, because last forever, even the humans who invest in it.

It's true that nothing last forever, but you need to understand that as long as humans are in existence, Bitcoin will keep on existing just like gold that has been in existence since the beginning of mankind, so I believe that Bitcoin is here to stay, wether anyone likes it or not, since the possibility of Bitcoin going up is way more better than the possibility of Bitcoin depreciating to zero.

However, nobody has ever said that making profits in bitcoin is guaranteed, it takes time before investor make profits in their investment. Many people do not have the mindset to invest as easily as it seems to be. Though we can say it is easy to invest, the risk is only less for those who understand what they are doing, like investing with what they can afford and avoiding risks beyond our income.

I mostly agree to most of what you said here, but the correct I just want to make here is when you said that we should avoid risking beyond your income, I think that the right word you should be using is avoid risking beyond your discretionary income, because problem will only come up when you invest beyond it, not when you invest within your discretionary income.

[Obulis]

that said investors should know that they are still taking a risk by investing in bitcoin while there is a good chance that bitcoin's price will never drop down to ZERO there is also a good chance that it will not go higher than it currently is but even with all these potential limitations a good investor will still choose to invest with the hope of the price of bitcoin increasing with time so while we can not say for sure that the price will keep increasing up to even hitting a new ATH we should still endeavour to accumulate and HODL as that is the investor thing to do.

One day, Bitcoin may not exist, because last forever, even the humans who invest in it. Many people are confident in Bitcoin, despite with changes in the market, people continue to buy because of the good record it has in the past. If you check the current price of Bitcoin that is around $73k, and compared it to the price of Bitcoin in the last two years, that success alone is enough for people to believe in it future benefits. It gives investors confidence even though nothing is guaranteed.

However, nobody has ever said that making profits in bitcoin is guaranteed, it takes time before investor make profits in their investment. Many people do not have the mindset to invest as easily as it seems to be. Though we can say it is easy to invest, the risk is only less for those who understand what they are doing, like investing with what they can afford and avoiding risks beyond our income.

What a serious talk that one day Bitcoin may not exist, very very serious and that can be true but so far digital currency has somehow come to be. To a point the existence of Bitcoin is interconnected with the internet although not that it's end can't happen.
I think the fact that Bitcoin investment is not guaranteed and that it may not exist one day are two different things and should not be misplaced. That it is not guaranteed is understandable but that it may not exist one day makes me speechless.

[Grease5000]

Watching price and profit is a kind of human pattern especially when one have good money on the Line it's not always about getting distracted sometimes it is just people who try to make sense of where they stand, the consistency part is what most individuals underestimate sticking to a plan week after week regardless of noise is probably what separates those who are actually building something good from those who keeps second guessing.

I believe people that monitored the price of bitcoin regularly are those who invested with money they cannot afford to lose and if they continue do so it could affect their accumulation or distract them from accumulating bitcoin. That's why using discretionary income is the best way to invest in bitcoin because it gives you peace of mind against market violatility. You won't stress yourself monitoring the price of bitcoin or worry about market violatility since the money you invested is what you can afford to lose.

And for those who decide to invest for the long term, there is no need to monitor the market situation regularly. Their responsibility is only to buy consistently, no matter the price, as soon as it makes sense to invest. But for those who monitor the market situation, they will think that the market movement will now be as they expect, and with this confidence they may buy Bitcoin with the intention of buying and selling with more money than they can afford, but later the market does not move as they expect, due to which they face unexpected losses. This is why we should refrain from worrying too much about market fluctuations, just buy consistently, this is the most suitable for long-term investment.

For those who invest long-term, they really will not care about the price of Bitcoin and will not continuously monitor market movements, and I also think that is the right approach. If there are people who keep constantly monitoring the price of Bitcoin out of fear of losses, then, in my opinion, that is a big mistake. It will cause panic and also has the potential for losses. So it is indeed correct that we only need to accumulate Bitcoin at all times with discretionary income and then let that investment be for the long term. I think it is a very simple strategy.

For someone whose intention is hold bitcoin for the long term it is not a healthy approach to be watching Bitcoin price because  this tend to raise fear and triggers emotional response when their is a steady dip in Bitcoin price. This is why it is very important to stick to the  rules  and using DCA  while accumulating bitcoin with the intention of holding for the long term.

[I_Anime]

And it is also confusing to proclaim that all investors are still motivated by profits, which is not necessarily the case.. and it is getting a bit nonsensical for guys still coming in and arguing the importance of profits blah blah blah. Are you motivated by profits in regards to your accumulation, then your maintenance and then hopefully if you get to some level of overaccumulation?

My focus not just the profits but won’t say is not among . If I’m only focusing on profits , i would have been at there finding some shitty coins to put my money in ( fortunately I’m not the kind that want to waste his resources). But when come to investing in bitcoin, it feels safe and I want to be part of such wonderful technology growth, yeah invested in bitcoin to make profit but to build something nice in it , that’s why no matter the market conditions I’m not planning to sell my holdings .

[Bluedrem]

For those who invest long-term, they really will not care about the price of Bitcoin and will not continuously monitor market movements, and I also think that is the right approach. If there are people who keep constantly monitoring the price of Bitcoin out of fear of losses, then, in my opinion, that is a big mistake. It will cause panic and also has the potential for losses. So it is indeed correct that we only need to accumulate Bitcoin at all times with discretionary income and then let that investment be for the long term. I think it is a very simple strategy.

When a person repeatedly checks his portfolio against the price of Bitcoin, he can lose his mind from where he is holding the portfolio. Yes, you are right, those who want to continue investing in the long term DCA method pay very little attention to the price of Bitcoin. What they do is how much, that is, how many digits of Bitcoin they are able to accumulate in their portfolio. They show reluctance to judge their Bitcoin value in dollar terms. In the long term, this is the best decision for investing in Bitcoin. No matter what the price, I will not pay attention and will try to increase the maximum number of Bitcoin digits by understanding the opportunity.

[Frankolala]

From how I see it, I think most of these older forum member are actually just ignorance of what they have learnt and will tend to invest even whey that don’t have adequate emergency funds.

You don't need adequate emergency funds before you can start your bitcoin investment. As a matter of fact, if you don't have any form of spare cash on ground before you choose to invest in bitcoin, it doesn't mean anything provided that you have your discretionary income and the basic knowledge of bitcoin.

It's not a criterion to have an emergency funds first before venturing into bitcoin investment because it can be built along side with your bitcoin investment simultaneously. If you wait to have an emergency funds before starting, it will deprive you from starting early because you will be waiting which is an obstacle to increase your bitcoin stash.

There's nothing to backup when you don't have a bitcoin investment because an emergency funds is to backup your bitcoin investment from premature sales when you are hit with an unforeseen emergency. Don't practice actions that will limit the quantity of bitcoin that you will acquire in future. Emergency may come or not.

Note that bitcoin price and time waits for no man.

[MissNonFall9]

You made a good point consigning gradual accumulations using DCA strategy. But so far I guess a lot of us here has already counted trading and months or few years out of Bitcoin investment, so when you say invest in Bitcoin you are already talking about at least over half a decade venture. Just that some people land themselves in trading whereas their plan was to hold but because of one mistake or the other or even a change of mind landed them in trading (selling off accumulated Bitcoin).
So saying "if you want to invest in Bitcoin on a long-term" is not necessary because "if you want to invest in Bitcoin is enough" since it's already pointing to long-term.

Thank you from the core of my heart for correcting and for your important opinion. In fact people who are aware will always work to accumulate Bitcoin and on the other hand, those who cannot control their greed can make serious mistakes like breaking Bitcoin. We need to understand the opportunity cost and give up the tempting small opportunities of the present in the hope of getting something much bigger in the future. And it can never be guaranteed that trading will definitely give us profit but there are many people who lose in trading. Although the profit rate in Bitcoin cannot be given 100 percent because it is a volatile asset. But if we analyze the past history, it is understood that this is what gives us high profits.

[Wolf of One Street]

Watching price and profit is a kind of human pattern especially when one have good money on the Line it's not always about getting distracted sometimes it is just people who try to make sense of where they stand, the consistency part is what most individuals underestimate sticking to a plan week after week regardless of noise is probably what separates those who are actually building something good from those who keeps second guessing.

I believe people that monitored the price of bitcoin regularly are those who invested with money they cannot afford to lose and if they continue do so it could affect their accumulation or distract them from accumulating bitcoin. That's why using discretionary income is the best way to invest in bitcoin because it gives you peace of mind against market violatility. You won't stress yourself monitoring the price of bitcoin or worry about market violatility since the money you invested is what you can afford to lose.

And for those who decide to invest for the long term, there is no need to monitor the market situation regularly. Their responsibility is only to buy consistently, no matter the price, as soon as it makes sense to invest. But for those who monitor the market situation, they will think that the market movement will now be as they expect, and with this confidence they may buy Bitcoin with the intention of buying and selling with more money than they can afford, but later the market does not move as they expect, due to which they face unexpected losses. This is why we should refrain from worrying too much about market fluctuations, just buy consistently, this is the most suitable for long-term investment.

For those who invest long-term, they really will not care about the price of Bitcoin and will not continuously monitor market movements, and I also think that is the right approach. If there are people who keep constantly monitoring the price of Bitcoin out of fear of losses, then, in my opinion, that is a big mistake. It will cause panic and also has the potential for losses. So it is indeed correct that we only need to accumulate Bitcoin at all times with discretionary income and then let that investment be for the long term. I think it is a very simple strategy.

One thing I've learnt from many investors who have made it in long term and from Bitcoin itself is that any investment in Bitcoin should be a strategic investment with a long term vision of holding and not scalping for profit. Bitcoin is not a meme coin that you just ape in and out for quick profit because it is here to stay. unlike meme coins that once the price of some of them crash, that's all for it. So those invest invest and keep monitoring prices are doing that to their hurt and it shows they have no strategic goal and long term vision for their investment. The only time the monitoring of price is valuable, good and profitable is when an investor wants to buy the DIP or take profit after much ROI.