Buy the DIP, and HODL!

[Crytohillss]

[edited out]

There will be a point where accumulation of Bitcoin we becomes optional rather than necessary, over accumulation it's not just about hitting a number but also about comfort and flexibility in future withdrawal using the 200WMA as a reference to gauge how much is enough is a good one too, since it adapts over time truly it's a kind of reassuring to see that even with a moderate accumulation hitting the long term financial comfort isn't as far.

You are speaking in a bit of gobbledy gook.

Surely a person who had gotten started investing in bitcoin in the past few years, he might have some kinds of ideas about his goals, yet he might not be very specific about his goals when he is in his earliest of stages building up his bitcoin stash... and surely his goals might change as he goes, and he might even get lured away from his goals.

Sometimes also guy create fantasy goals (rather than realistic goals) that they would never be able to reach... and yeah, maybe it is difficult to know what our standard of living might be in 5 years, 10 years, 15 years, or whatever might be the further out target.. yet if we are ongoingly investing in bitcoin, then our investment progress (or lack-there-of) might also help us to figure out what might be within the ballpark of a realistic goal.

Part of the reason that I describe a person with a $30k income who invests into bitcoin for 10 years, and then a goal to get to an $80k income from his bitcoin is because such a goal is within the possibilities for the guy with a $30k income to reach... and such examples seems to give some kind of a reasonable working framework in which guys could keep or they could adjust upwardly or downwardly in order to accommodate their own ideas of possibly reasonable and reachable goals..

To me I still stand by saying that talking about profit now as a newbie is totally not acceptable because you will lose focus and balance in the achievements of the race in Bitcoin investment, what we should be doing is to teach them how to have patience in their investment and not to concentrate on the profits aspect.

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

Get the fuck out of here.   

Focus.  If you are able to.

That's true, but everything must also be in accordance with the initial plan because if we keep calculating and looking at the profits, there will be temptation, which could lead us to abandon the initial plan we have set.
Indeed, it's better to forget whatever happens and continue focusing on accumulating Bitcoin for the future. It's true that our investment goal is to gain profit, but we must all be patient and wait for the right time, and in my opinion, the right time is the long term.

You only need to stick with your initial plan if it is actually a good plan. If it is not a good plan, it's normal and very acceptable to either abandon it or adjust it even with many details for having a better plan for your investment.

With people who have yet found a good investment strategy, they need to learn, practice and make adjustments until they feel well with a strategy which they believe will bring good profit while they are already familiar with that strategy with their actual practice. It will be time to stick with that investment strategy and be disciplined with practice, then portfolio will be built up with time and profit will come with time too.

Whenever we are learning something new, and incorporating it into our lives, then it is good to pay attention to our process, to have an open mind, and to review our process on a regular basis so that we can identify areas in which we might consider making changes and/or improvements.

Most individuals don't begin investing with fully mapped out plan they see things out as they go and their objectives evolve with experience, income and market reality the example of going from $30k to aiming for $80 through Bitcoin is very a good one more as a reference point than a fixed target it gives people something tangible to think about even if they later adjust it up or down at the end of the day the real value is in having some direction even if it is perfect instead of relying on a perfect plan that may never came through.

[Bigjoe33]

Most individuals don't begin investing with fully mapped out plan they see things out as they go and their objectives evolve with experience, income and market reality the example of going from $30k to aiming for $80 through Bitcoin is very a good one more as a reference point than a fixed target it gives people something tangible to think about even if they later adjust it up or down at the end of the day the real value is in having some direction even if it is perfect instead of relying on a perfect plan that may never came through.

I think what's best to come into Bitcoin investment with is the mentality of long term investment plan. It's best plebs come in into Bitcoin investment not just with a particular amount to start your accumulation with, but rather with a very long term investment plan and mentality. This helps you to remain in the accumulation process continuosly wether you investment weekly or monthly amount is increasing or decreasing. Of course, there could be sometimes when investors can adjust there DCAing amount over time due to the availability of income and/or discretionary income, and so, sometimes, the DCAing amount may not matter, so long as you invest from your discretionary income. What really matters is that you remain consistent and keep up with your investment goal, which is long term HODL, and increase or decrease accumulation amount when necessarily important.

[Hardyrobust]

Most individuals don't begin investing with fully mapped out plan they see things out as they go and their objectives evolve with experience, income and market reality the example of going from $30k to aiming for $80 through Bitcoin is very a good one more as a reference point than a fixed target it gives people something tangible to think about even if they later adjust it up or down at the end of the day the real value is in having some direction even if it is perfect instead of relying on a perfect plan that may never came through.

Having a fixed target will definitely encourage investors to be consistent with there bitcoin accumulation as the targeted goals will actually stand as means of motivation to most investors.Just like the saying were goal isn't know abuse becomes  inevitable. Most investors that doesn't have a targeted goals/ a set goals to achieve maybe carried away by market sentiment and end up messing up there bitcoin holdings since they don't have any targets.
Yes investors can always adjust there goals/ Plans especially when things aren't going the way they want it to.

[Showlove01]

Most individuals don't begin investing with fully mapped out plan they see things out as they go and their objectives evolve with experience, income and market reality the example of going from $30k to aiming for $80 through Bitcoin is very a good one more as a reference point than a fixed target it gives people something tangible to think about even if they later adjust it up or down at the end of the day the real value is in having some direction even if it is perfect instead of relying on a perfect plan that may never came through.

Having a fixed target will definitely encourage investors to be consistent with there bitcoin accumulation as the targeted goals will actually stand as means of motivation to most investors.Just like the saying were goal isn't know abuse becomes  inevitable. Most investors that doesn't have a targeted goals/ a set goals to achieve maybe carried away by market sentiment and end up messing up there bitcoin holdings since they don't have any targets.
Yes investors can always adjust there goals/ Plans especially when things aren't going the way they want it to.

Setting or having a target or goal is  not really bad but accomplishing that goal is what really matters because most of the people who invest or are investing in Bitcoin has goal and target but sometimes some of them still deviate from the road to their goal so it is not just about having target or goal but also about having the willingness and determination that regardless of any circumstances and situation they will remain focus and keep moving because planning without implementing or executing it is useless.

[alankasman]

I think what's best to come into Bitcoin investment with is the mentality of long term investment plan. It's best plebs come in into Bitcoin investment not just with a particular amount to start your accumulation with, but rather with a very long term investment plan and mentality. This helps you to remain in the accumulation process continuosly wether you investment weekly or monthly amount is increasing or decreasing. Of course, there could be sometimes when investors can adjust there DCAing amount over time due to the availability of income and/or discretionary income, and so, sometimes, the DCAing amount may not matter, so long as you invest from your discretionary income. What really matters is that you remain consistent and keep up with your investment goal, which is long term HODL, and increase or decrease accumulation amount when necessarily important.

Those are the basic points you mentioned because if everyone wants to start investing in Bitcoin of course these points must be prioritized because these basic principles make us stronger in starting Bitcoin investment. The same goes for activities other than Bitcoin investment because that mindset forms the initial foundation for anyone doing anything. For me it's the primary foundation we all must possess.

I would say it's better to pursue a long-term approach because doing so will certainly prepare us better with discretionary income for our spending needs. If it's not enough it will naturally lean toward the short term. However many invest in Bitcoin for the long term arguing that otherwise they might not be overly aggressive in Bitcoin investment. However sometimes due to limited income they end up pursuing a short-term approach arguing they can't execute DCA when the market cycle is at the right time to buy.

[ChocolateBitcoinK]

Most individuals don't begin investing with fully mapped out plan they see things out as they go and their objectives evolve with experience, income and market reality the example of going from $30k to aiming for $80 through Bitcoin is very a good one more as a reference point than a fixed target it gives people something tangible to think about even if they later adjust it up or down at the end of the day the real value is in having some direction even if it is perfect instead of relying on a perfect plan that may never came through.

Having a fixed target will definitely encourage investors to be consistent with there bitcoin accumulation as the targeted goals will actually stand as means of motivation to most investors.Just like the saying were goal isn't know abuse becomes  inevitable. Most investors that doesn't have a targeted goals/ a set goals to achieve maybe carried away by market sentiment and end up messing up there bitcoin holdings since they don't have any targets.
Yes investors can always adjust there goals/ Plans especially when things aren't going the way they want it to.

Setting or having a target or goal is  not really bad but accomplishing that goal is what really matters because most of the people who invest or are investing in Bitcoin has goal and target but sometimes some of them still deviate from the road to their goal so it is not just about having target or goal but also about having the willingness and determination that regardless of any circumstances and situation they will remain focus and keep moving because planning without implementing or executing it is useless.

I agree with you, just setting a goal does not make anyone successful, the real difference is how consistently we follow that goal. We just have to plan, and will we achieve success? We have to take practical steps, only then can we move towards success. But we have to be firm on our goal first, especially in the case of Bitcoin or any investment, we often see that in the beginning everyone makes big plans, but when there is a slight volatility in the market, many deviate from their set path. It will never be possible to survive with this kind of mentality, rather we have to be more careful at this time. We should never deviate from the goal we set, only if we can survive consistently, then it will give effective results.

[MissNonFall9]

I agree with you, just setting a goal does not make anyone successful, the real difference is how consistently we follow that goal. We just have to plan, and will we achieve success? We have to take practical steps, only then can we move towards success. But we have to be firm on our goal first, especially in the case of Bitcoin or any investment, we often see that in the beginning everyone makes big plans, but when there is a slight volatility in the market, many deviate from their set path. It will never be possible to survive with this kind of mentality, rather we have to be more careful at this time. We should never deviate from the goal we set, only if we can survive consistently, then it will give effective results.

Without a well defined/specific goal, no plan can be realistic. Again success does not depend on any single factor. It is a combination of continuous and many factors, such as goal setting, consistent action according to the goal, and evaluation. So it is the same in the case of investing in Bitcoin. If someone maintains the continuity of investment and conducts investment activities on a long term basis with the aim of achieving success, then his success rate will be much higher.

[Obulis]

Anyone who invest in bitcoin do it for the sake of profit, so if anyone will come out and say he did not invest to get profit honestly I may not disagree with that statement reason is that, there are some people who are into the bitcoin investment just to save money, but they are not many. People who are investing now do it for porfit, that is why you will see that they invest for a long period of time, because we all know if it’s take that time they will make some good profit from their investment. So

So the fact is that, people who invest without the intention of profit are not many and it was before, everybody is now doing it for for money.

Investing in Bitcoin should not be only about making a profit, if it was about making a profit, then I believe nobody would think of holding for a long term. If it is all about making a profit, then every investor will be investing for the short term in order to make a profit, but real investors understand the value and they hold for a long term. Although, I understand your point, nobody invest with the hope to lose money, everyone would feel bad, if they invest and end up losing money.

Many people focus on making profits and forget that investing in Bitcoin also has risks, there is a chance of losing money while investing as well, despite the fact that it may have less risk than other investments. However, you cannot judge anyone like that, we have many investors out there who are not only chasing profit, but investing for the future. They believe in long term growth, that is why they don’t panic whenever the market goes down deeply.

Your point is highly inconceivable. Altogether, to me I guess you tried to differentiate trading and long-term holding but didn't make your point clear and so contradictory. It is not about emotions here as there should be a good level of emotional intelligence in Bitcoin investment.
Whether trading or long-term, they're all profit oriented!
But the difference is the manner at which this profit is pursued. In trading, profit is expected in a matter of urgency with all amount of risk as some people even go as far as borrowing to make immediate profit while long-term is with patience over a long period of time with lesser or no risk much more with a discretionary funds(fiat that you can afford to lose).

So what some or many people focus on is making immediate profit not necessarily profit because investment and trading are all profit oriented with different atmosphere, one with atmosphere of urgency and the other with atmosphere of patience in a long run of over a decade or more.

[Dogedegen]

I understand that it can take a while to learn, and surely there are a lot of folks who really think in a kind of gambling way, which might be that so many folks do not even know how to invest.. and so if we have even a lot of newbies into bitcoin who have never invested, then they might have some difficulties figuring out how to get into the right kind of a mindset.

Whether on this forum or even in real life, I try to suggest that guys ease into building getting started, so then once they get started buying every week or whatever, then maybe at some point they can ramp up their level of investing, and it can even take a bit of time to get some accounts set up or to figure out from where they might source their coins in the beginning... yet of course, on the forum, we cannot necessarily know the options that might be available to people in differing geographical locations - even though in recent times, I have not really seen too many members complaining about their coin sourcing options .. even though surely it can be a bit of a factor to figure out in some locations.

I am also quite accepting of the time it requires to learn things, but we live in a bit strange times or the information connectedness has made us more aware of many people who are this way. Not so long ago it was considered wise to listen to older people with experience or simply those that have a lot of experience in a certain field. Now it seems that many people refuse to do that and have a right now I know what I am doing style that is similar to gambling or degenerate. Like I gave one example, I have others through my life where I warned people of not investing in some scams like 1% guaranteed return daily. Very few have actually heeded the warnings on time despite having no experience in that field. I did give them proper educational warning and not something insulting like just saying don't be stupid, don't do that. Sometimes I find it a bit sad that one help many people this way at all these days  but in the end everyone is responsible for their own decisions. It is on us to try to help others and educate them, and it is on them if they don't want to listen.

You are wrong when you are suggesting such high focus upon "profits".. so in that regard you seem to be unable to discuss the matter properly because you cannot even remove yourself from a trader mentality... so then you proclaim that everyone has the same mentality about profits, when they don't.

It is quite unusual for the user to suggest that speculation is necessarily where the history of Bitcoin and data about it shows is that those that don't speculate and just invest for the long term have significantly outperformed everyone.

We cannot really guarantee that the long term ongoing accumulation is going to continue to be profitable, and we might even assert that the future bitcoin price slope might be less steep than it has been historically, yet at the same time, there is no real data to support any assertion that bitcoin's investment thesis is weakening with the passage of time, so in that sense, even a brand new bitcoiner should consider figuring out ways to get started investing into bitcoin and to focus on trying to figure out ways to ongoingly accumulate bitcoin within an amount that they consider to be workable for their own cashflows, and surely there are some guys who have very little back up funds, and they likely need to make sure that they have back up funds if they are going to be investing into bitcoin for long periods forward, since there surely can be challenges to have a lot of confidence about not being tempted to tap into our bitcoin investment if we are not putting systems/practices into place that gives us some cushion in the event that our income might go down and/or our expenses might go up and we want to be able to continue to build our bitcoin for 4-10 years or longer, even if there might be some periods in which we might not be in a position to continue to add to our bitcoin stash that we are hopefully ongoingly building until it gets to a reasonable decently sized amount.

We can't guarantee anything, that is correct however still it would be quite unusual to suggest something that has never been proven to be the superior strategy. One could say a change is coming sure, but one can't have too much certainty and give it off as if it is going to be a sure thing. We know that historically DCA and holding has outperformed traders and speculators on average, actually this happens also in other markets. I recall some studies that were done that found this out, and other studies have replicated those findings. Here is an article about it https://tradeciety.com/24-statistics-why-most-traders-lose-money. Especially also when you consider people who do not have experience trading and speculating in any market at all, they should not really receive that advice in my view.

Trading in Bitcoin but even worse in crypto which is what many normal people who call themselves traders in this space also do is very risky, for shitcoins it is like playing in a casino. It works well until that one moment where everything is lost and one can never recover to that point unless you put in a lot more money to buy back everything that you have built.

There are some folks who have somewhat degenerate personalities, yet if they could figure out how to at least limit the amount of their exposure to either trading and/or to shitcoins (perhaps to less than 10% of the size of their bitcoin holdings, then they might have some chance of learning their way out of such bad habits, yet so many times, there can be difficulties for guys to limit their own bad habits.. since they might have inclinations to go beyond their self-imposed limits, and then it just becomes an ever growing devolution.. that they might not be able to control.. so yeah, it can be difficult for guys who already have such gambling inclinations.

Yeah, I mean I have even had people who held fair portions of Bitcoin and some shitcoin. But they didn't have any defined limits. So once their shitcoin performed well most likely to luck they got a taste of what seemed easy money and transferred most of the stack into it hoping to make even more money. It didn't end so either. Now that I am writing this, it seems that almost any combination of anything has been tried especially degenerate things. Perhaps that also shows that many people have an issue with patience? Monthly or weekly DCA especially one that is automated with some platform or tools can be seen as quite boring compared to the shitcoin or futures roller coaster. Perhaps with so much addiction to gratification these days, one of the best strategies is simply too boring for many? What do you think about this possibility?

I believe that there are actually very few reasons to stop accumulating. Sure we can think of specifics like reaching your own goal, the old established goal but why stop there?

Of course, each person has to consider his own situation and the extent to which it might be practical to change his goals (to make them higher) once he had already reached them.  Surely I understand that sometimes guys might set their goals too low, so there can be some reasonable basis for making the goals higher after they had been reached... and so surely the guy has to account for his own factors.. and then what it might mean to him to continue to want to accumulate more bitcoin when he may well have enough and/or even more than enough... and so maybe it is difficult to talk about these kinds of ideas in the abstract, since if we are working with a set of particulars, we may well recognize and appreciate how at some point enough, should be enough, and getting to the status of enough could open doors to have the freedom to quit ones job and to be able to live off of his bitcoin for the rest of his life.

Of course, your registration date is less than a year ago, so maybe we need to use a guy with a longer history, and sure we can change around the particulars, yet I am trying to show at what point a guy might have had reached enough or more than enough.

So, let me use an example of a guy who perhaps came to bitcoin in his mid 30s towards the beginning of 2016, and at that time, he had been perhaps attended some college, and he had been working for the past 10 or more years, and maybe he had some success and/or not, yet his income was around $30k per year, and his then investment portfolio was around $45k.. .. so he was not in a bad place, but he still wanted to be able to retire in his early to mid-50s, so maybe he first heard about bitcoin around that early 2016 time, so   he considered that maybe he could take around $10k from his already existing investment portfolio and put that into bitcoin, and otherwise he would continue to invest in bitcoin at a pace of around $100 per week (which was around 17.33% of his income).

He started out by investing the $11k in bitcoin between January and March 2026 - so he accumulated 27.25 BTC

Then thereafter starting from April 1, 2016 until now, he invested $100 per week into bitcoin, which added up to another $52k invested and 12.1 BTC.

So up until now he had invested right around $63k into bitcoin and he has 49.35 bitcoin.  I have a hard time concluding that the guy does not have enough or more than enough bitcoin, since his income was $30k per year, and perhaps his goal would have had been to have an income of around $80k per year and not having to work, yet right now he could get a sustainable income of $80k per year for right around 15.2 BTC per year

Yet, right now his 49.35 BTC will support an income that is about 3x his goal and right around 8x the $30k per year income that he had been making.  Sure, the guy is in his mid to late 40s because he is 10 years older, yet he is also ahead of schedule in terms of options.

You can quibble with the example, yet my main point is that there can be enough or more than enough, whether the person might be wanting to merely replace his current standard of living or perhaps to increase his standard of living by some reasonable multiple higher.  If the guy says that he is not going to stop untiil he is a billionarie, or that he is making over a million per year from his bitcoin, then he has a right to do those things even though they might not be necessary, especially some folks do not necessarily want to change their llfestyle in magnitude kinds of ways.

It is hard to talk about this in an abstract way, you are right on that because it depends on so many things and the details of each person. What I could maybe say in general there that applies is that whatever goals have been set and even more if they are far into the future, the strategy and goals will need revisiting and adapting. They may not necessarily be big changes, but like we gave the example of someone who is now earning considerably more than when they set the goals then they would have to adapt it upwards in this case.

For the example given, it is a good one and I'm actually also surprised that in such a short time span so much Bitcoin would have been accumulated. That was a good time to buy Bitcoin! That said, I didn't mean to say that there is no reason for anyone to stop at all in any case. It was more my personal view. I want more Bitcoin, but I am into Bitcoin I am not here just for the concept of investment. I do not plan to retire early like that guy, I like the work that I am doing it is quite fulfilling. So what would I do with all that spare cash? I do not like to waste it on overpriced items that are worth it, and neither is over-consumption of anything good including traveling. It is quite possible to reach a state that one would simply have money losing value in fiat, so what else one would do if they were like me than to accumulate more of other things even if old goals were met?

[Itz-prisigold]

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

I understand that making profit from investments like Bitcoin is part of what lure some people into it. However,  I believe the issue is not really discussing about profit,  the real issue is when profit becomes the main thing driving people to start investing in Bitcoin.

When people start to view profit as their main focus,  it can easily builds the wrong expectations on people, most especially new investors,  who might start to see investing with Bitcoin as a way to make quick cash. That kind of thinking leads to impatience, and when the market start reacting the way they didn't expect, they make emotional decisions.

I believe that Bitcoin makes more sense when you start with structure and discipline first. If someone just simply invests with money they can afford to lose,  which is your discretionary income and is focusing on steady accumulation, they are less reliant on short term outcomes,  and that makes it easier to be patient over a long period of time.

So, while discussing about profit  is not necessarily a problem,  but talking about it too much or relying on it too much as a motivation can easily distract or take someone off track from what actually sustains an investor in the long run,  which is, along with consistency, proper planning and discipline, the ability to remain invested  under all market conditions.

[ejikeme24]

sometimes, the DCAing amount may not matter, so long as you invest from your discretionary income. What really matters is that you remain consistent and keep up with your investment goal, which is long term HODL, and increase or decrease accumulation amount when necessarily important.

Sure, guys have to figure out how much they are going to use for their DCA and I think it doesn't matter how big or small their DCA amount could be, and of course there's nothing wrong with that, the  most important thing is that they are maintaining the ongoing buying of bitcoin I believe with time they will definitely grow their investment. While doing that they might be lucky to have a well pay job, then a guy can decide to increase their DcAing amount by then they must have had enough discretionary income, so as for those who doesn't have a well pay job or with a low discretionary income they can reduce their DcAing amount to a level where it will serve them in their regular buying until they get a well pay job rather than waiting to have a well pay Job or enough discretionary income income before getting started.

[samadam007]

To me I still stand by saying that talking about profit now as a newbie is totally not acceptable because you will lose focus and balance in the achievements of the race in Bitcoin investment, what we should be doing is to teach them how to have patience in their investment and not to concentrate on the profits aspect.

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

Discussing profits in BTC communities often does more harm than good, especially for newcomers.

The core issue isn't that profits are bad or shouldn't exist (of course the goal of investing includes potential gains). The problem is how profit stories get weaponized in crypto spaces. When people constantly share screenshots of massive gains, it creates an illusion of easy money. Beginners, who lack experience with market cycles, see these as the norm rather than rare and high risk outcome. This leads many to invest money they can't afford to lose.

[puloweh555]

Having a fixed target will definitely encourage investors to be consistent with there bitcoin accumulation as the targeted goals will actually stand as means of motivation to most investors.Just like the saying were goal isn't know abuse becomes  inevitable. Most investors that doesn't have a targeted goals/ a set goals to achieve maybe carried away by market sentiment and end up messing up there bitcoin holdings since they don't have any targets.
Yes investors can always adjust there goals/ Plans especially when things aren't going the way they want it to.

Setting or having a target or goal is  not really bad but accomplishing that goal is what really matters because most of the people who invest or are investing in Bitcoin has goal and target but sometimes some of them still deviate from the road to their goal so it is not just about having target or goal but also about having the willingness and determination that regardless of any circumstances and situation they will remain focus and keep moving because planning without implementing or executing it is useless.

It's not entirely accurate to say it's not a bad thing, but setting a target or goal in investing is a must for every investor. It's the primary foundation for avoiding haphazard investing and ultimately leading to losses or disappointment. Having a target gives you a clear path in other words it provides direction and focus to achieve your goals.

Without a goal investing is like riding in a car without knowing where you're going. Furthermore, without a goal in investing you can be tempted by the FOMO trend, buying or selling assets without principles and convictions, leading to panic when market prices fluctuate. Having a clear target or goal allows you to make more informed decisions, including strategies, budget allocations, holding periods and more.

[PhilosopherKing]

Taking risks means that the investor will continue to accumulate Bitcoin regularly through discretionary income so that he does not deviate from his goal.

Nothing is set in stones, the future if bitcoin cannot be predicted and because of that investment have risk. But the risk can be reduced if you using discretionary income to ongoingly invest for minimum of a cycle.

It is not accurate to say that using discretionary income to invest for long time is a way to take risk because when you ongoingly invest with the amount you can afforded to loose, you are already reducing the risk that can come from timing market or using money that is not discretionary income

[Solokan]

Like i said before buying Bitcoin when the price is low is actually good but it is not a good buying time because there is no good buying time of Bitcoin rather than buying Bitcoin today and tomorrow when your discretionary income is available, and also buying Bitcoin when the price is low is the same thing as buying the dip strategy because you will be buying Bitcoin at a discounted price. Buying the dip strategy is not that bad because at some point you can decide to use various strategy to accumulate Bitcoin. Buying the dip strategy can only be bad if you only depend on the strategy to accumulate Bitcoin.

Your explanation is excellent and very easy to understand. Yes, it’s absolutely true that buying BTC when the price drops is a good strategy, but we shouldn’t focus solely on buying BTC only when the price drops. It’s definitely better to focus on dollar-cost averaging (DCA) because we won’t be fixated on the price when buying BTC. And if we only focus on buying btc during a downturn when prices are very low, we’ll likely struggle to accumulate BTC because we don’t know where the price will go. However, if we have a long-term investment goal in btc, we certainly don’t need to be afraid to buy it, because fearing to buy BTC is like the mindset of someone who likes to trade

However, in my opinion, buying BTC during the current bear market isn’t something to be afraid of because the price is already low, and in the future, we’ll likely have the potential to earn greater profits

[Emjay24]

To me I still stand by saying that talking about profit now as a newbie is totally not acceptable because you will lose focus and balance in the achievements of the race in Bitcoin investment, what we should be doing is to teach them how to have patience in their investment and not to concentrate on the profits aspect.

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

We try as much as we can to be as focused in our accumulation as possible and not entertain much distractions that tampers with our investment mindset of which profits can tend to be a distraction. A newbie who got interested in bitcoin because of profits would easily drift towards the path of trading rather than investing since he would be profit minded and tend to sell off ASAP his portfolio starts becoming profitable and it ruins his investment journey.

It is very good that you start your journey with the right mindset, which is that investment involves dedication and commitment in building out something worthwhile for a period of time before thinking of profiting from it, and as it applies to bitcoin, the investor should remain committed to buying and holding until he surpasses his accumulation target while building out backup funds to help him remain invested for long. That is why you see that the only time we talk about taking profits in this thread is when the investor must have reached overaccumulation stage and never within his ongoing accumulation stage and such profits taking should not see the investor go below his accumulation target.

If one can structure Bitcoin investment for the future by adopting the DCA method correctly, then that person will definitely be successful. Therefore, if one wants to make oneself financially successful in the future, there is no alternative to long-term Bitcoin investment.

You are giving guarantees on the success of bitcoin investment and it is wrong, even though bitcoin is one of the best investment prospects available, yet we are not guaranteed that we would be financially successful in the future investing into bitcoin, we hereby only place our faith in bitcoin ability to continue performing well in the future by continually investing in it and attempting to secure our financial future in it.

[Popkon6]

Most individuals don't begin investing with fully mapped out plan they see things out as they go and their objectives evolve with experience, income and market reality the example of going from $30k to aiming for $80 through Bitcoin is very a good one more as a reference point than a fixed target it gives people something tangible to think about even if they later adjust it up or down at the end of the day the real value is in having some direction even if it is perfect instead of relying on a perfect plan that may never came through.

Having a fixed target will definitely encourage investors to be consistent with there bitcoin accumulation as the targeted goals will actually stand as means of motivation to most investors.Just like the saying were goal isn't know abuse becomes  inevitable. Most investors that doesn't have a targeted goals/ a set goals to achieve maybe carried away by market sentiment and end up messing up there bitcoin holdings since they don't have any targets.
Yes investors can always adjust there goals/ Plans especially when things aren't going the way they want it to.

Setting or having a target or goal is  not really bad but accomplishing that goal is what really matters because most of the people who invest or are investing in Bitcoin has goal and target but sometimes some of them still deviate from the road to their goal so it is not just about having target or goal but also about having the willingness and determination that regardless of any circumstances and situation they will remain focus and keep moving because planning without implementing or executing it is useless.

Those who give importance to this issue and invest in Bitcoin will mainly achieve success and it will be easier for them to keep investing in Bitcoin for a long time. The more Bitcoin investment is long-term, the more opportunities there will be to invest, because we are able to invest in Bitcoin on a weekly or monthly basis. So if it is stable for a long time, there will definitely be opportunities to invest more, so it is important to have a long-term plan.
And if your position is strong, then Bitcoin investment will be the strongest, and keeping it for a long time according to the plan and creating more opportunities to invest is definitely a positive direction.

[Publictalk792]

Those who give importance to this issue and invest in Bitcoin will mainly achieve success and it will be easier for them to keep investing in Bitcoin for a long time. The more Bitcoin investment is long-term, the more opportunities there will be to invest, because we are able to invest in Bitcoin on a weekly or monthly basis. So if it is stable for a long time, there will definitely be opportunities to invest more, so it is important to have a long-term plan.
And if your position is strong, then Bitcoin investment will be the strongest, and keeping it for a long time according to the plan and creating more opportunities to invest is definitely a positive direction.

Experts believe that best way to collect wealth is by having long-term plan and making regular small buys of Bitcoin either weekly or monthly. It keeps you calm and lowers your middle price at time when market falls so that you do not end up going through extreme stress of having to decide based on your ability to find best time of year to buy. As banks and companies have become big buyers of millions of Bitcoins, investment is now much more safe. Most people who try to trade quickly lose money, but there are those who stay patient at least four years and keep their coins in safe personal wallet and ones that really become successful. You can take care of your mental health and ensure best chance at good money future by thinking of Bitcoin as savings account and not gambling game, as online money becomes part of world money system.

[Tamaperdana]

I understand where you are coming from, and honestly you are not wrong. There is nothing inherently bad about talking about profit . After all profit is one of the main why people invest in Bitcoin  in the first place. For beginner seeing the potential upside make investing  motivating  and the whole idea of investing feel real and worth exploring.

It feels wrong saying profit motivates beginners. Ones future goals should be reason enough to motivate you and not some few bucks. If you're having that mindset as a beginner then it's likely to affect your investment because the market is full ups and downs and profit is not guaranteed. It's best to focus more on your future goals rather than profits. Focusing on your future goals encourage patience which every investor needs.

Yes, it's undeniable that profit is a very strong foundation that drives many people to invest in an asset like Bitcoin. Because if Bitcoin didn't have the potential to be profitable, I don't think many people would buy it. But because Bitcoin does have excellent potential to generate profits, that's why so many people are willing to invest in it. Furthermore, let's not misunderstand; profit clearly has a different meaning. In my opinion, the benefit of investing in Bitcoin isn't just the nominal increase in our money.

There are several other important points, such as our money being inflation-free. Therefore,, if we buy Bitcoin and hold it long-term, we can truly safeguard our assets. So, is that a benefit? I think it is. So, given this, I think if you say that people who invest in Bitcoin shouldn't expect profits, what should they expect? Because I agree that clear profits are a very strong motivation for someone to hold their Bitcoin in the long term.

[SilverCryptoBullet]

Experts believe that best way to collect wealth is by having long-term plan and making regular small buys of Bitcoin either weekly or monthly.

It's not like belief or disbelief and experts are not newbies, amateurs so they don't believe in anything without data. They truly do their deep research for their own learning, and actually do enough practice for experience with investment so that after a long time, they found out that long term investment is best. It's not belief, it is experience gain by themselves with learning, practice and own experience, and it's not belief based on any textbook or course.

You don't need to believe in expert advice too, let's verify what they told you. Like if they recommend Dollar Cost Averaging for investment, as it is very good strategy, you can check with DCA estimating tools.

https://costavg.com/
https://dcabtc.com/