JJG’s Outline of Bitcoin Investment Ideas

[Derekfunds]

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Your explanation is mixing different things and it can confuse new investors. Long term plan should not depend thinking you know when the market is cheap or when bigger profit is coming. Also, buying more is a personal choice… it’s not something every investor does. Nobody can predict correctly what the price will do next, so why the unnecessary headache ? Instead of troubling yourself trying to predict something you can’t control, just tell them to stay consistent with their investment plan, manage their money very well and avoid making any decision that is based on assumptions about future price or profit, simple!

Predicting Bitcoin that is so volatile at this stage is somehow to the hear because the Bitcoin movement is what we can not actually tell or predict for certain where it will be heading in the next seconds or minute. However, the only best and advisable way is to figure out a discrestionary income ( money we can afford to lose which is also known as leftovers) and use the DCA method faithfully or regularly with the long term mindset.

I think that currently the market movement is in the ups and downs regarding market prices so that with the occurrence of market movements like that, we have to admit that we cannot predict the prices that will occur for some time in the future so that what you said is true that currently our task is only to make purchases if we have the discretionary income that we have and this aims to not think too much about market movements that sometimes occur in decline so after understanding what you said, it makes us personally for the future only better to focus on purchases by following the DCA pattern which is the main strategy for all parties who invest in Bitcoin which is of course very regular.

Even though that we have a situation like this, where the market keeps fluctuating, which means going up and down, I still doesn’t mean that people can’t keep buying bitcoin or a regular basis, instead it provides a different opportunities to keep buying and accumulating bitcoin, there is nothing anyone can do about the volatility nature of bitcoin, what me personally as an investor would do is to keep buying bitcoin on a regular basis, the market have always been in such a way that you can’t predict what is going to happen, people can only speculate about bitcoin, but it doesn’t show any sense of urgency.

Ranging or slideways is already the nature or the feature of Bitcoin so anyone who has started or want to start Bitcoin investment should know this feature so that they won't panic and as a long term investor you should not bother yourself about the market ranging because the goal should be to hold for a long term which means that no matter how the market ranges it will definitely surge before that long term, double thought about the market when it is ranging can push one to taking unnecessary decision.

[Tonimez]

[Edited out]

Ranging or slideways is already the nature or the feature of Bitcoin so anyone who has started or want to start Bitcoin investment should know this feature so that they won't panic and as a long term investor you should not bother yourself about the market ranging because the goal should be to hold for a long term which means that no matter how the market ranges it will definitely surge before that long term, double thought about the market when it is ranging can push one to taking unnecessary decision.

Panic selling! That's always the result of focusing on the chart instead of focusing on your accumulation. Bitcoin is very easy to understand and manage its emotional requirements in the sense that the more you spend time worrying about the chat, the more you get emotionally weak and the end products are the same, Panic selling!

It is true that there's no certainty about what the future brings but there's a reason for saying that one should always invest with the amount of money he is capable of HODLing/ Forfeit. When this simple law is followed, one can easily go a very long way without worrying about his stacked funds in bitcoin. It is not too hard to fight off this emotional attachment even though no one can completely forget his resources, but when you don't get greedy, you will always invest within your means which will make it easier to HODL for a long term.

[Gost ms]

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.

A person can be aggressive at any time depending on his financial situation and his backup fund. Being aggressive is good but being overly aggressive is not a good decision and is not sustainable. A person can continue to buy aggressively for years without going overboard and depending on his financial situation and discretionary income. But yes, how much aggressively a person can buy without going overboard or overly aggressive is something that the person has to find out through proper financial management. Your comment has made aggressive buying only focused on the downfall, which a new person can follow and make a big mistake.

[Jewan420]

Panic selling! That's always the result of focusing on the chart instead of focusing on your accumulation. Bitcoin is very easy to understand and manage its emotional requirements in the sense that the more you spend time worrying about the chat, the more you get emotionally weak and the end products are the same, Panic selling!

It is true that there's no certainty about what the future brings but there's a reason for saying that one should always invest with the amount of money he is capable of HODLing/ Forfeit. When this simple law is followed, one can easily go a very long way without worrying about his stacked funds in bitcoin. It is not too hard to fight off this emotional attachment even though no one can completely forget his resources, but when you don't get greedy, you will always invest within your means which will make it easier to HODL for a long term.

You are right, it is better for a long-term investor to avoid what is happening in the market and where the price is going. It is not that you cannot see the price of Bitcoin, but rather ignore the price changes and think about the price 10 years ago. If you try to invest by accepting this fact that Bitcoin is volatile in the short term, but is upward in the long term, the chances of panic will probably be reduced to the greatest extent.

Another thing is to invest with unnecessary money, or use money that you can afford to lose or leave for a long time. The main reason for panicking in market volatility is lack of knowledge and weak mentality. To improve your mentality, increase the scope of knowledge by acquiring knowledge regularly and practice it regularly.

[Princess Leah]

Panic selling! That's always the result of focusing on the chart instead of focusing on your accumulation. Bitcoin is very easy to understand and manage its emotional requirements in the sense that the more you spend time worrying about the chat, the more you get emotionally weak and the end products are the same, Panic selling!

It is true that there's no certainty about what the future brings but there's a reason for saying that one should always invest with the amount of money he is capable of HODLing/ Forfeit. When this simple law is followed, one can easily go a very long way without worrying about his stacked funds in bitcoin. It is not too hard to fight off this emotional attachment even though no one can completely forget his resources, but when you don't get greedy, you will always invest within your means which will make it easier to HODL for a long term.

You are right, it is better for a long-term investor to avoid what is happening in the market and where the price is going. It is not that you cannot see the price of Bitcoin, but rather ignore the price changes and think about the price 10 years ago. If you try to invest by accepting this fact that Bitcoin is volatile in the short term, but is upward in the long term, the chances of panic will probably be reduced to the greatest extent.

Another thing is to invest with unnecessary money, or use money that you can afford to lose or leave for a long time. The main reason for panicking in market volatility is lack of knowledge and weak mentality. To improve your mentality, increase the scope of knowledge by acquiring knowledge regularly and practice it regularly.

It's true, the idea is to hold for a longer period not to speculate the outcome of the market, long term investment involves patience and consistency in accumulation while speculating the market warrant that people woukd often read charts and monitor the market consistently so any investor who does that is a trader or beginner with doubt.

 That word, "money you can afford to lose" is relating with gamblers it's better to just say discretionary income or funds so newbies don't think Bitcoin investment is like gambling or require luck to be rewarded.  Although I totally understand your point but expected you to be specific with the word "discretionary funds"