JJG’s Outline of Bitcoin Investment Ideas

[Princess Leah]

Very correct, newbies don't really needs to know deeply before investing into Bitcoin, many newbies we be thinking that since they are newbies and  still learning the ethics on how Bitcoin works, they will be having the mindsets of not investing due to lack of knowledge on some areas of Bitcoin, it is very understandable that Bitcoin is big to understand within a blink of an eyes, it takes time and newbies should wait deeply knowing all about Bitcoin before investing but to know primarily aspect of it and invest when you have discretionary income.

Having your Discretionary income as well as Basic knowledge is already a go ahead for newbies to kickstart their investments journey... And that's coz newbies get to learn better by involving themselves in the investment processes.. And truth be told when newbies involve themselves they tend to get a firsthand knowledge of how investment is done as well as how volatility works and how to get accustomed to it so that they wouldn't be constantly driven into making costly emotional decisions... And this kind of firsthand knowledge that can be gotten through involvement may just be very impossible to get when folks keep excluding themselves unnecessarily...

People think they have to know it all before they can start but it doesn't work that way due to how volatile Bitcoin is. Another thing I want to say is that practice makes perfect therefore it's good that newbies put the basic knowledge they've acquired to practice and in the long run they'll understand it better, newbies would be missing different buying opportunities while they waste time on gathering more knowledge.
 
 Even in life you don't learn everything in one day, it takes process gather knowledge, gain experience in it and try to actualize perfection which is why newbies can start by just understanding the basics which comprises of the important things a beginner should know and would also guide them on how to invest properly without errors.

[Sim_card]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

An investor that's still in his accumulation stage shouldn't think of taking profits because his bitcoin portfolio is already in profit because if you do that, it will depreciate your bitcoin stash. Profit shouldn't be the main focus but accumulating bitcoin consistently overtime till you reach your bitcoin target.

Selling part of your bitcoin should be done when you have reached your over accumulation stage and you don't just sell it all but use the sustainable withdrawal method that will always put your bitcoin portfolio in profits as you continue hodli.

If you start selling because of profit before you know it, you will lose focus in your bitcoin long-term accumulation plan and become a trader, only if you are a trader because some traders think that they're long-term investors. You should avoid anything that will lead you to sell too soon. If you sell what will you use the money for.

[Humblevirus]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

It is not a must to take profits simply because you already own some good quantity of bitcoin, especially if you're still not arrived at your target nor have you reached the termination of your holding period. Profits should not be the watchword, but reaching your initial target and holding long-term. Such mentality of taking profits prematurely would see an investor slowly turn a trader and sell much of his bitcoin so soon at a time that was not of his own choosing. An investor still in his accumulation period should keep buying and holding and not get carried away by the present size of his portfolio, the size of his portfolio should serve as an encouragement to continue buying and not a motivation to take profits.
It would be a good decision if the investor remain committed to his buys in order to reach overaccumulation phase faster which he might decide to take some little profits but not such that would see his portfolio go below his initial target.

Honestly, it is not encouraging at all when someone has not reached their accumulation target and starts to think of taking profits from their Bitcoin investment, because that can easily lead them to continue taking profits from time to time, and that can become a distraction to their Bitcoin accumulation.The only time someone can take profits is when they have reached their accumulation stage, and even then, it may not be necessary if the investor does not have anything specific to do with the money. Unless they want to sell some portion to take profits so they can rebuy later if the price of Bitcoin drops, I think that is another good strategy once someone reaches their accumulation stage.

[Brizi5000]

Don't think too much about prices when investing long-term because our goal is to focus on accumulating as much as possible if possible, at least the most you can is to stay consistent, it is certain that some people will think about prices when they want to invest but maybe some of you have seen how the history of bitcoin continues to rise, so start being disciplined to stay on the path of your plan.

This method as you mentioned is more geared towards those who don't yet have a substantial amount of money to invest so their focus is more on how to stay consistent when they want to start investing.

But for those who already have a certain amount of money collected of course they also have to see how the developments are happening in the market with the aim that they want to do to increase the existing amount so it is natural for them to do that because they still see the opportunity to make another purchase even though it is sometimes only an estimate but if the situation is right they will still make a purchase with the aim of continuing to make a long-term investment that's the difference between those who don't have it yet and someone who already has a plan which is definitely someone's readiness to do to accumulate an additional amount more than what they already have but they only need to see the movement what is happening currently regarding market conditions.

what is only needed to start accumulating and investing in bitcoin is just a discretionary income and not a substantial amount of money. and i think it will be misleading and contradictory to say that focusing on consistent buying and investing on bitcoin regularly to reach our accumulation target is only applicable or geared towards those without a substantial amount of money because ordinarily in bitcoin investment all you need is just a discretionary income and not a substantial amount of money. weather you have a substantial amount of money or not, as a long term investor your goal is to focus on consistent or perhaps persistent accumulation of bitcoin and hold for long term purpose. thinking and focusing about the price or current market conditions before buying bitcoin even though you might claim to be a long term investor is capable of turning you into a trader because it have the tendency of making you become emotional about the market which is one of the characteristics of a traders mindset.

if you are ongoingly buying bitcoin with the dca regularly as a long term investor, you dont have business looking at the market conditions before you make purchases, all you need to focus is to figure out your discretionary income to use for your regular buying if bitcoin at any market price or condition either on weekly or monthly schedule depending on how the discretionary income is coming.

[Bright0515]

How do you mean someone can lose an investment in Bitcoin? Because I don't see that as possible for someone to lose their investment in Bitcoin unless the said investor has a short term mindset which is trading but if the investor has a long term mindset there is no way they will lose their investment unless Bitcoin crash which we don't anticipate for that to happen. It is impossible for someone to hit their overaccumulation stage without seeing a significant changes in their portfolio unless their target is very small.

Yes if you are planning to invest into Bitcoin for long term your chances of making profits will increase but that doesn't mean you have guarantee to make profits. DCA strategy helps us to be discipline and to consistent with accumulating Bitcoin but it doesn't guarantee us profits either. Let's say for instance you are planning to invest for 5 years and you have already accumulate Bitcoin for just 4 years and based on the volatility nature of Bitcoin, it price dropped so low all of a sudden for a very long period of time your Bitcoin portfolio will eventually lose some weight because Bitcoin volatility doesn't look what strategy you are using or how long you have invest into Bitcoin.

Even though you are using the term "invest" @Bright0515, you seem to be talking about trading.

How could a person consider himself to be investing for 5 years?  What would your example of a guy do at 5 years?  He spent 4 years accumulating and then the BTC price is going up and down, and he is just waiting for the BTC price to go up and then he sells all of his bitcoin?

I understand your point clearly but you don't seems to understand mine, well all faults goes to me because I didn't make it very clear on the part you are talking about. However, I don't know too much about investment but with the knowledge I have learned so far I believe they will help me a lot right now and in the future.
From the part of my comment you are talking about, I didn't make it clear that an investor is only supposed to sell little of his Bitcoin and not all why because it will not be easy for the investor to start all over again, and he or she will regret it para venture he/she sold all their Bitcoin and fortunately Bitcoin price increase to a suitable price after they have sold all their assets, the truth is that anyone who sold all his assets (Bitcoin) and immediately or later in Bitcoin continues to rise the person will definitely regret. I believe in other of my post I have also talked about this that it is not wise to sell all Bitcoin if para venture you have accumulated enough Bitcoin for a very long period of time. I believe I have said this before in other post that an investor don't have to sell all their Bitcoin after making some profits if they have invest for a very long term, below is the quote where I said it in the other thread

If in the future you also want to sell your Bitcoin after making some profits, you don't need to sell all of them just a little figure will be okay, starting to accumulate Bitcoin all over again won't be easy but if you had some Bitcoin remaining you can easily continue accumulating from there. Even in the future Bitcoin will continue to rise, now let's just imagine you sold all your Bitcoin and suddenly Bitcoin skyrocket to a more higher price, there's no way that you won't regret. You might feel emotional and start regretting (which you had know you would have hold more longer or kept some Bitcoin). From my own perspectives I believe those who sold all their Bitcoin are already missing more better opportunities right now.

If you check my comment on the bold part, you will notice that I'm not in support of selling all assets at ones. The issue there is that I didn't make everything in details. But we are actually saying the same thing.
There are many reasons why it's not advised to sell all Bitcoin and I also highlighted the reasons.

[Saltysugar99]

People think they have to know it all before they can start but it doesn't work that way due to how volatile Bitcoin is. Another thing I want to say is that practice makes perfect therefore it's good that newbies put the basic knowledge they've acquired to practice and in the long run they'll understand it better, newbies would be missing different buying opportunities while they waste time on gathering more knowledge.
 
 Even in life you don't learn everything in one day, it takes process gather knowledge, gain experience in it and try to actualize perfection which is why newbies can start by just understanding the basics which comprises of the important things a beginner should know and would also guide them on how to invest properly without errors.

I agree with you. So many people think that to invest in Bitcoin we need to know all things. But in reality no need to start like that . Bitcoin is not only a price chart, it is a digital currency. Its has  risk, psychology, time horizon and cash flow. It is not possible to learn all these things in a day . But also not to waste lot of time to learn like a expert . It is ok to invest with a little understanding . many common people invest a small portion and improve their knowledge. So you may be thinking how much time is required for investing? Here I would like to say from my experience that it is not right to say with a time that 1 week or 2 weeks as fixed . Some can get the basic knowledge in small time and some may need a lot of time. The main thing is not that how much the time has been taken to learn. The important thing is how much understanding you have to avoid basic mistakes.  Like  knowing whether the money is your discretionary income or not, Having a proper understanding about how much importance should be given for making a back up fund, Having an awareness about investing considering long time  4 to 10 years and more and most importantly Having basic idea about wallet security. If you have proper knowledge about these things, then you can start with a small amount.

[Cgrexp]

Yes, according to the DCA method, any person can make a success of Bitcoin investment. In this case, if that person does not follow Bitcoin investment, then it will be difficult for him to keep it for a long time, and if a wealthy person buys Bitcoin one time and keeps it for a long time, it will be easy for him. But the DCA method is such an effective method that helps any person to keep Bitcoin investment for a long time and he does not have to worry about it.
Therefore, by following the DCA method, Bitcoin investment always saves on the purchase price and the investor can easily keep Bitcoin holding for a long time and travel to the future.

Stop presenting DCA as if it is a magic key or some kind of shortcut to success in bitcoin accumulation. I can tell you for free that DCA would only work well for people who know what they’re doing and should a person just keep blindly following DCA, it doesn’t guarantee their success with their investment.
The idea that it automatically saves your purchase price or makes long term holding very very easy is misleading, DCA eliminates timing pressure we know that , but it doesn’t diminish risk or poor financial habits. If a person isn’t disciplined while implementing DCA strategy in their investment, they can still very much fail in it.
And comparing it to wealthy investors doesn’t really change much either, whether you jump in once or step in gradually, the market doesn’t owe you a smooth ride. DCA simply spreads the risks that are bound to arise in your investment journey, but it doesn’t remove it totally .
So In simple terms, DCA is not a shortcut ,it’s just a steady path and if you don’t have the right mindset to walk that path consistently then it won’t take you anywhere.

Many times we think that if we get the perfect strategy, everything will be fine, but in reality the market does not work the same way for everyone. So it is more important to adjust your thinking and decision-making style than just changing the setup or looking for something new. The reality is that no strategy works universally. Every trader's mentality , ability, and decision are different.   while the same setup may be profitable for one person, it can be a cause of loss for another. This is where many people do not understand, and keep changing strategies. The shift to DCA that you are talking about is actually not a bad thing, but for many it is a stable path. Trading and DCA are two different things. Trading means trying to profit from price movements in a short period of time. On the other hand, DCA is investing gradually over a period of time. The problem arises when someone goes to DCA with a trading mindset.  In other words, whether trading or DCA, success will come only when you find the right method for you and maintain discipline within it.

[Emjay24]

Unless they want to sell some portion to take profits so they can rebuy later if the price of Bitcoin drops, I think that is another good strategy once someone reaches their accumulation stage.

Selling to buy back cheaper is never a good strategy to employ in bitcoin, it is always better to keep holding until you exhaust your holding period. Selling to buy back cheaper is a trading activity and not an investor's because you may not end up buying cheaper like you speculated and then you would have sold lots of BTC too soon when you didn't plan simply because you  were gambling on bitcoin price with your portfolio which you should've been more committed to holding.

When people reach their over accumulation stage, they can take profits, but they shouldn't go below their accumulation target, your recommendation of selling and buying back cheaper shows you are encouraging an investor to sell a good portion which sees their portfolio fall below their accumulation target and that should not be encouraged at all, unless they have come to the end of their holding period. Even though they have exhausted their holding period, it is better to withdraw profits in a sustainable manner than selling off a large portion of it at once, unless  there is need for such sales.

[JayJuanGee]

Yea, you are right that the market will always do whatever it want to do, but am a bit curious on how you as an investor manages your risk?
Because aside investing with what you can afford to lose, like your discretionary income, so that you wouldn't be too emotionally attached to your Bitcoin investment, I don't think their is any better way to manages your risk while investing in Bitcoin.
Additionally, for your to be successful in what ever endeavor you found yourself, you need to be disciplined, so it's not just in Bitcoin investment that discipline is greatly needed.

I don't feel comfortable with statement like this that encourage people to nurse the idea that they will lose their money in Bitcoin investment, such statement makes investing in Bitcoin look like investing in shitcoins. I also want to correct the impression that the discretionary income is not what an individual can afford to lose, it is just the money left when you have removed the money for basic needs. If you lose all your discretionary income, you will quickly slide into depression because that is something significant. Remember that any long term investor in Bitcoin is investing cumulatively which means that part of his discretionary income is being injected into Bitcoin and over time it would have grown into something significant, hence no one will be willing to lose such precious portfolio.

I understand that there is risk in every investment but the reason Bitcoin is highly recommended over shitcoins is that it has lower risk, hence the chances of an investor losing everything through Bitcoin is very slim that is if it even exist. The right word should be that an investor must invest what he can afford to hold for long, I think this statement will encourage newer investor more than telling them to invest what they can afford to lose as if it were gambling.

Investing no more than you can afford to lose is the better way of expressing the matter of mindset and talking about bitcoin investment mindset.  I have covered that topic several times already (in this thread and in other places), otherwise with your way of framing the matter, you are either expecting profits (as if profits (or upwards BTC price movements were guaranteed) or at least you are expecting not to lose too much in circumstances of price movements not going up.. yet it seems the strength of your insistence on proclaiming holding for a long time is a way of guaranteeing "deferred profits", so in that regard, you seem to be of the belief that there is a guarantee that you are going to get your money back and to profit in the long run, even though there is no such guarantee including both execution risk and also underlying asset risk that relates to a lot of ongoing outright and subterranean battles in connection with the asset (ie bitcoin).

For sure, we know that bitcoin is not a shitcoin, even though the expression, "don't invest any more than you can afford to lose," applies to shitcoins and gambling too... even though in shitcoins and gambling sometimes guys do end up fairly easily putting in more than they can afford to lose, which the same overinvesting can end up happening in bitcoin too if cashflows are not managed properly and/or if there might be some other issues related to how much is invested or perhaps how it is stored or even privacy matters.. .. and yeah, even though the odds are likely quite low that bitcoin would go to zero, the odds of bitcoin going to zero are not zero that bitcoin would either go to zero or end up going through some other spiraling downward situation - even though it appears that we have greater and greater levels of adoption including the creation and proliferation of various financialization products and various kinds of spreading of bitcoin to more and more parts of the world.

For sure, many of us recognize bitcoin as one of the best, (if not the best?) of upside asymmetric bets that is available to everyone and anyone as long as such persons (institutions and governments) have discretionary funds, yet at the same time, the mere fact that bitcoin may well be the best asymmetric bet currently available does not take away the fact that anyone investing into bitcoin could end up losing up to 100% of what they put in (and no more than 100% as long as they don't leverage).. and so it is best to keep in mind that there are possibilities that everything could be lost (whether through execution risk or through other going ons in relation to the asset) and so in that regard, the mindset needs to be correct and the various safeguarding of both the investment and the cashflow management practices needs to be appropriate as well.. which includes a recognition and appreciation that upside is not guaranteed, and it could go to zero and we should acknowledge that in our way of thinking about bitcoin, our way of managing our bitcoin, and even in our way of talking about bitcoin.

If you are using whimpy ass language to describe various negative scenarios to suggest that it is not possible to go to zero or some other nonsense, then you seem to be assigning some kind of guarantee to your own future results (and presumptively the results of anyone investing into bitcoin), which comes off as quite misleading and even fantasy-landia to have underlying presumptions that the future of bitcoin or anything else into the future is anything close to guaranteed... You are talking about it wrong and thinking about it wrongly when you seem to want to insist on such phraseology, even if you may well be otherwise largely calculating the bitcoin downside scenarios to be quite a lot lower than the upside scenarios.

Yea, you are right that the market will always do whatever it want to do, but am a bit curious on how you as an investor manages your risk?
Because aside investing with what you can afford to lose, like your discretionary income, so that you wouldn't be too emotionally attached to your Bitcoin investment, I don't think their is any better way to manages your risk while investing in Bitcoin.
Additionally, for your to be successful in what ever endeavor you found yourself, you need to be disciplined, so it's not just in Bitcoin investment that discipline is greatly needed.

I don't feel comfortable with statement like this that encourage people to nurse the idea that they will lose their money in Bitcoin investment, such statement makes investing in Bitcoin look like investing in shitcoins. I also want to correct the impression that the discretionary income is not what an individual can afford to lose, it is just the money left when you have removed the money for basic needs. If you lose all your discretionary income, you will quickly slide into depression because that is something significant. Remember that any long term investor in Bitcoin is investing cumulatively which means that part of his discretionary income is being injected into Bitcoin and over time it would have grown into something significant, hence no one will be willing to lose such precious portfolio.

I understand that there is risk in every investment but the reason Bitcoin is highly recommended over shitcoins is that it has lower risk, hence the chances of an investor losing everything through Bitcoin is very slim that is if it even exist. The right word should be that an investor must invest what he can afford to hold for long, I think this statement will encourage newer investor more than telling them to invest what they can afford to lose as if it were gambling.

You’re definitely right that discipline is universal—it’s not just a Bitcoin thing, it’s a life and investing thing in general. Without it, even the best strategy falls apart. That said, I’d slightly push back on the idea that “there’s no better way” to manage risk beyond just investing what you can afford to lose. That’s the foundation, yes—but it’s not the full strategy.  For me, risk management is layered. I rely on consistency over timing—something like DCA helps reduce the risk of entering at the wrong time, especially in such a volatile market. And finally, emotional control is huge. Most losses don’t come from bad assets, but from bad reactions—panic selling dips or chasing hype at the top.

So I agree with you on discipline being the backbone, but I see risk management as a combination of structure + behavior, not just one rule.

For sure with risk management, there is a need to manage cashflows, and frequently I mention problematic natures of changing levels of aggressiveness based on BTC price movements rather than based on strength of cashflows... So since we cannot really know for sure if the BTC price is high, low or sideways, we frequently need to make sure that we are prepared for the BTC price to go in either direction and to go there in severe ways..   So if we are a beginner to bitcoin and we are still ongoingly accumulating bitcoin, we may well need to pace ourselves, especially if the bitcoin price seems to be in a situation in which its prices are ongoingly going upward... And, so yeah, buys have to consider their own income situation (incoming cash), even if they may well feel that they do not have enough bitcoin while the bitcoin price is going up.

Guys can run into similar problematic situations when they change their level of aggressiveness as the BTC price is going down and then they may well find themselves completely running out of money, unable to buy more bitcoin as the bitcoin price continues to go down.. ..

I am not even claiming it is easy to pace ourselves and to try to maintain some ongoingness in our bitcoin buying while we are in our accumulation phase, even though there could be times where we might make adjustments to it based on the sometimes seeming extremes of the price moves.. and there can exist quite a bit of nervousness and hesitancies to keep buying and even temptations to trade (meaning sell) rather than to invest...and in the end, each guy has to figure out how to deal with those situations so that he does not end up making his situation worse based on various changes that he might make to his plans based on seemingly exrtreme bitcoin price movements (whether the BTC price is going up, down or sideways).

[edited out]

... The DCA method buying patterns is a risk management pattern in bitcoin investment for investors and they can buy at any market price.

Yeah, but.

Guys do not want to buy at any market price.  Guys would prefer to bitcoin at the lowest price possible.

DCA allows guys to continue to buy based on their cashflows and also with the presumption that an overwhelming majority of normies (perhaps almost everyone) have no fucking clue which way the BTC price is going to go at any time, so DCA allows for ongoing buying of bitcoin and ongoing building of the BTC stack whether the BTC price is high, low or sideways, and even though guys would prefer to buy lower, there is no way to really know, so it tends to be better for guys (especially anyone who considers themselves to be in their accumulation phase) to just keep buying bitcoin at any price within the scope of a reasonable amount of their discretionary funds, even if there is some possibilities that BTC prices could end up being less expensive in the future.

I provide a suggested range, but I have no fucking clue what any particular person is ready, willing and able to put into bitcoin.. so they have to figure it out within both their own discretionary funds (their ability) and their level of chosen aggressiveness within their abilities.

Of course it's normal for all of us to express opinions so this doesn't mean you're wrong.

How could I be wrong on my opinion?

But we're discussing the direction that could benefit them (all parties) in investing in Bitcoin.

We are discussing bitcoin investing, cashflow management and my ideas about those matters.  Individuals can figure out what they want to do in connection with bitcoin and cashflow management for themselves.

So when they do there's a way to determine the direction their abilities are in accordance with what they want before starting and also understand what they think based on their level of aggressiveness through their abilities after choosing.

Sure.

I already mentioned several times that many normal people with reasonably strong incomes, they still struggle to consistently invest/save 10% of their income... so yeah, some guys are able to do more and other guys cannot even get close to that 10% amount. 

I think this still happens in many circles and I wonder why those with strong incomes still choose not to invest or struggle with their small amounts in Bitcoin. Do they just not want it enough or what is the problem?

How is "why they do it" part of this topic?  And, why does it matter to the choices that any of us are making whether or not to invest into bitcoin and how aggressively to do it and then perhaps thereafter how to manage our bitcoin and other aspects of our cashflows?

Likely there is asymmetric information in regards to the value of bitcoin and/or the value of investing into it... so if we know about bitcoin, then we may well decide to start to invest into it, yet we may or may not be sure about bitcoin, and start to invest into bitcoin and learn about bitcoin and cashflow management as we go. We don't necessarily need to know a lot about bitcoin to get started, even though it seems that, unless we are of the gambling type, we likely would not be inclined to increase (or perhaps to maximize?) our level of aggressiveness in investing into bitcoin until we reach a certain level of comfort that we consider to be acceptable.

In fact if they do as you said earlier with just 10% of the results they get from their brand-free income of course this is one way that should actually be done by those who have sufficient/strong income because they only remind others who can while those with income as we said earlier of course they can do more than 10% towards saving for their future because if other people sometimes have limited income so it is impossible for them to do like people who have a stable source of income and even if they do it with an amount below people who have a stable income meaning if other people 10% they can only do 5% according to the income they have but behind all of these things is consistency that will determine our steps or goals in investing/saving.

The amount of discretionary income that a person has available is likely to change over time, and even guys can sometimes decide to take measures to increase their discretionary income based on their learning about bitcoin and their getting more and more comfortable with putting excess discretionary income into bitcoin, and at the same time, there may be some folks who are not in a position to increase their discretionary income...

We cannot necessarily judge each person as if they were equal in their capabilities, yet sometimes we can choose guys who have similar income, similar incomes, yet one might choose to invest in bitcoin whimpily and the other might choose to invest aggressively.  Those are personal choices.

Of course it is clear that every person must have their own goals or abilities so that at the same time both people have their own way to do anything that can benefit themselves so that for the reasons that you said is certainly very appropriate sometimes between the two people there are those who choose to make investments while the other one sometimes prefers to do their own desires meaning what we need to convey is that we will not be able to force others to do the way we do sometimes someone does not like the aggressive nature that we do according to other people it is not appropriate to do the way that is done by people who are too aggressive in every time they do what they do so the choice is all based on our own decisions.

Sure.. we might go down a path that we later figure out is overaggressive or overwhimpy, and then we might end up making adjustments based on our ongoing attempts to pay attention to what we are doing and how our bitcoin accumulation is going and how such accumulation of bitcoin is affecting our cashflow management and our psychology around whatever cash cushions we might be striving to keep based on ongoingly changing circumstances.

[Ryu_Ar1]

I’ll continue to say this, the bitcoin market doesn’t owe anybody any special treatment or favorable outcome. An investor can only do their best by managing risks wisely and staying disciplined but at the end of the day, the market will always do what it wants to do regardless of any person’s expectations.

I agree, we have no control of the market but we can control the risk we take and the money that we're spending to invest. As others might say that the price is still expensive, that's how they look at the market currently. But if someone become successful by investing in Bitcoin consistently, that's because they chose the moments they have to invest when they can't and yet did it still while the others kept complaining.

What I can emphasize here is not to get too hung up on the price if indeed you are ready to buy bitcoin and determine your goal for long-term investment then make a purchase without thinking much about the current price because it will only waste time.
As long as we can afford to buy and do not feel disturbed because the focus is for the long term then you just have to buy because talking about prices will only be speculative where the word expensive today can even be considered cheap in the future and even now it should be considered cheap when the comparison is ATH.
Speculation of expensive bitcoin prices is just an excuse for us to delay buying when it is a mistake especially if the method we use is DCA because we only lie to ourselves so as not to buy and regret it later.

When bitcoin reached ATH a few months ago there were many people who said they regretted not buying when the price of bitcoin before rising and now bitcoin is cheap and there are still many who say this is still expensive and try to wait? If you think further, there is actually nothing they want to do with bitcoin because they only want the hype, not having a goal for investment for the long term.

[Father111]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

An investor that's still in his accumulation stage shouldn't think of taking profits because his bitcoin portfolio is already in profit because if you do that, it will depreciate your bitcoin stash. Profit shouldn't be the main focus but accumulating bitcoin consistently overtime till you reach your bitcoin target.

Selling part of your bitcoin should be done when you have reached your over accumulation stage and you don't just sell it all but use the sustainable withdrawal method that will always put your bitcoin portfolio in profits as you continue hodli.

If you start selling because of profit before you know it, you will lose focus in your bitcoin long-term accumulation plan and become a trader, only if you are a trader because some traders think that they're long-term investors. You should avoid anything that will lead you to sell too soon. If you sell what will you use the money for.

We understand the fact that no one can invest his money were he can't make profit at of it, it is very nice in wishing yourself to be profitable in Bitcoin investments, i think it is a bad idea of discussion on profits making of our earliest journey of investing, investing with DCA strategy do take a long term, for that reason, is better to be looking more in buying and accumulating small small, as long as you getting your discretionary income.

[ChocolateBitcoinK]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

An investor that's still in his accumulation stage shouldn't think of taking profits because his bitcoin portfolio is already in profit because if you do that, it will depreciate your bitcoin stash. Profit shouldn't be the main focus but accumulating bitcoin consistently overtime till you reach your bitcoin target.

Selling part of your bitcoin should be done when you have reached your over accumulation stage and you don't just sell it all but use the sustainable withdrawal method that will always put your bitcoin portfolio in profits as you continue hodli.

If you start selling because of profit before you know it, you will lose focus in your bitcoin long-term accumulation plan and become a trader, only if you are a trader because some traders think that they're long-term investors. You should avoid anything that will lead you to sell too soon. If you sell what will you use the money for.

We understand the fact that no one can invest his money were he can't make profit at of it, it is very nice in wishing yourself to be profitable in Bitcoin investments, i think it is a bad idea of discussion on profits making of our earliest journey of investing, investing with DCA strategy do take a long term, for that reason, is better to be looking more in buying and accumulating small small, as long as you getting your discretionary income.

People invest in every field only to make a profit, but we must not forget the fact that we are never guaranteed success in anything, and this uncertainty is the real risk, and this risk we have to accept by doing our research so that we can survive in any situation. as in Bitcoin investment, profit is not guaranteed, we have to make a decision to invest consistently based on the possibility, only those who can take this possibility seriously and realistically they can survive in the long term, at the same time we must not take this uncertain profit for granted, that is, it is not like this that you will achieve success by just investing in Bitcoin, and you have to understand this. After understanding everything realistically, we have to decide to invest, unrealistic plans can only bring disappointment.

[JayJuanGee]

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Don't think too much about prices when investing long-term because our goal is to focus on accumulating as much as possible if possible, at least the most you can is to stay consistent, it is certain that some people will think about prices when they want to invest but maybe some of you have seen how the history of bitcoin continues to rise, so start being disciplined to stay on the path of your plan.

What you said only applies to new investors who don't yet have much Bitcoin in their wallets, so their focus and consistency should be on buying without worrying about the current price. Meanwhile, for investors who already have more Bitcoin in their personal wallets, I think it's also very important to monitor the market price, even if they still plan to buy more Bitcoin at the current price to continue their long-term investment. This means every investor must be smart enough to position themselves in such situations to avoid thwarting their plans and actions. Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

You seem to be talking about trading G_Besar, rather than trying to figure out how to stay on the topic of this thread, which relates to my ideas about bitcoin investing... which surely, I don't frame bitcoin investing and/or bitcoin management in terms of "taking profits."  Maybe you can explain how you consider "taking profits" to be related to the this thread's topic.

Very correct, newbies don't really needs to know deeply before investing into Bitcoin, many newbies we be thinking that since they are newbies and  still learning the ethics on how Bitcoin works, they will be having the mindsets of not investing due to lack of knowledge on some areas of Bitcoin, it is very understandable that Bitcoin is big to understand within a blink of an eyes, it takes time and newbies should wait deeply knowing all about Bitcoin before investing but to know primarily aspect of it and invest when you have discretionary income.

What newbies need to know about bitcoin before they start investing is the basics, they can figure out other things or learn whatever they want to know about bitcoin while investing.

But waiting to understand everything about bitcoin before they start investing in bitcoin is not advisable, because they will mis buying opportunities which can delay their investment journey.

So, newbies should get started with the basic knowledge they have about bitcoin and figure out other things along the way.

I am not sure about what "basics" about bitcoin newbies need to learn. 

It seems the most basic things they need to know before starting is if they have discretionary funds or not.  If they are able to confidently calculate that they have discretionary funds then they have all the basics that they need - except maybe the other basic that they need is common sense which would help to guide them in terms of proportionality of how much they  start with and guide them to learn along the way and invest in proportion to their comfort level.  Specific basics about bitcoin (beyond looking at a chart for 5 minutes and seeing number tends to go up and it is quite volatile) seem that any newbie can learn anything else they feel that they "need" or want to know about bitcoin as they go and to keep their investment size in accordance with their comfort level in regards to both their learning about bitcoin and also the more important matters around their own cashflow management strengthening as they go.

[edited out]

It is true that investing through DCA strategy helps reduce volatility and reduces timing risk, making it an effective approach for long-term accumulation, especially in the case of assets like Bitcoin.
However, I do not fully agree with this idea of 'Afford to lose' because having money does not mean that it should be invested with the intention of losing. And it is not enough because this rule basically creates a capital protection mindset but there is no strategy in it. In other words, the problem is that how much you can lose is subjective and DCA does not tell you when to enter the market, when to exit. In short, it does not control behavior.

Investing into bitcoin with the mindset of "no more than you can afford to lose" does not mean that such bitcoin investor with such mindset is intending to lose what they put into bitcoin... and they may well consider bitcoin to be amongst the best, if not the best of investments, yet still come to bitcoin with a mindset and framework of not investing any more than he can afford to lose.

In my previous post, and my response to Odohu, I fairly elaborately addressed concerns over the meaning of not investing more than we "can afford to lose," and my own expression that it is the appropriate way of framing the matter, including the mindset and acceptance that investing into bitcoin is not guaranteed to be successful, even if the timeline is long.

It is true that investing through DCA strategy helps reduce volatility and reduces timing risk, making it an effective approach for long-term accumulation, especially in the case of assets like Bitcoin.
However, I do not fully agree with this idea of 'Afford to lose' because having money does not mean that it should be invested with the intention of losing. And it is not enough because this rule basically creates a capital protection mindset but there is no strategy in it

When we say invest with the money you can afford to lose, it is not literally the money you don't need and want to lose it. No way. Who wants to lose his/her money in the first place, certainly no one.
That statement is simply saying that investors should be mote careful in the money that should be used for investment, meaning, you don't use a money that you may be needing to get something done in few weeks or even months to invest, nay. You don't hope on accumulating Bitcoin with the money you may need to start a building next year or even in a year and half, because you don't trust the price movement of Bitcoin. Thus, the money used for accumulating Bitcoin should be a money you don't need for anything, a money you can just spend for luxury or eating out or clubbing and it won't affect your normal life at all. So, inorder words, such money that can be spent on anything without feeling it all is the money you can afford to lose.

No matter the amount that a guy chooses to invest into bitcoin, he is ultimately going to be affected by putting that amount into bitcoin, since once he puts the money into bitcoin, it is no longer available for him to consume or save in dollars or invest into some other asset or whatever other thing he might have had been considering to do with such amount that he put into bitcoin, whether it is $100 per week, $10 per week or some other amount.

Surely the amount that he puts in cannot be money that he needs for his near term expenses, and it also probably should not be for any expenses that he expects to have for 4-10 years or longer..and surely he may well also recognize that there are possibilities that he could completely end up losing the money, whether due to execution risk or some risks that might exist with the underlying asset (namely bitcoin in this case).

So, buying Bitcoin with the money you can afford to lose simply implies that it is best to buy Bitcoin with the money that is not part of your budget at all, even after handling your normal budget. This important because you will be investing it for long without plans of tapping from the investment while it mtures.

I would think that with each new investment, if the person considers himself to be an investor in bitcoin then the timeline for not needing the money would be 4-10 years or longer. .with a recognition of the possibility that he will never get the money back.. so he invests with an expectation that he is not needing the money.. even though surely he may still want the money and still want to profit from such money later down the road, yet he recognizes and appreciates that it is not guaranteed for him to get back his investment amount (each time he puts more value into bitcoin).

Surely, the longer that he is invested into bitcoin, it could well end up being the case that his bitcoin holdings are in profits (on paper) so he could cash out some or all of the bitcoin in order to get some or all of the value that he had earlier put into bitcoin.. and at the same time, he can choose to continue to keep that money in bitcoin with an acknowledgement that the bitcoin may well not go up in value in the future and it may go down or sideways... so at any point in time a guy can choose to change his mind about his bitcoin investment into bitcoin, even though at various earlier points, while he was putting time, money and value into bitcoin, he may well could have had been committing to 4-10 years or longer for any new value that  he was putting into bitcoin.

[edited out]

People think they have to know it all before they can start but it doesn't work that way due to how volatile Bitcoin is. Another thing I want to say is that practice makes perfect therefore it's good that newbies put the basic knowledge they've acquired to practice and in the long run they'll understand it better, newbies would be missing different buying opportunities while they waste time on gathering more knowledge.
 
 Even in life you don't learn everything in one day, it takes process gather knowledge, gain experience in it and try to actualize perfection which is why newbies can start by just understanding the basics which comprises of the important things a beginner should know and would also guide them on how to invest properly without errors.

There are always going to be errors in investing into something like bitcoin and strengthening and maintaining cashflow management systems/practices...

Maybe we don't intend to make mistakes, yet sometimes it may well be the case that we might push limits in one direction or another while realizing mistakes could happen, yet at the same time, trying to both learn from our mistakes, yet also to try to make sure that any mistakes that end up playing out are not so great as to cause us considerable damage - even though by definition there may well be some damage that comes from mistakes - whether financial or psychological.

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

An investor that's still in his accumulation stage shouldn't think of taking profits because his bitcoin portfolio is already in profit because if you do that, it will depreciate your bitcoin stash. Profit shouldn't be the main focus but accumulating bitcoin consistently overtime till you reach your bitcoin target.

Selling part of your bitcoin should be done when you have reached your over accumulation stage and you don't just sell it all but use the sustainable withdrawal method that will always put your bitcoin portfolio in profits as you continue hodli.

If you start selling because of profit before you know it, you will lose focus in your bitcoin long-term accumulation plan and become a trader, only if you are a trader because some traders think that they're long-term investors. You should avoid anything that will lead you to sell too soon. If you sell what will you use the money for.

I largely agree with all of the points of your above post Sim_card, yet I think that it is good to point out that guys may well consider their bitcoin stash to start to be eligible for either of two types of sustainable withdrawal methods, and the two methods of price based and/or time based sustainable withdrawal differ in their rationales.  I discuss the two methods in my sustainable withdrawal thread.

I personally believe that no matter which of the two withdrawal methods that are used, there is likely both an acknowledgment that selling of any bitcoin can be made without any expectation of either getting knocked out of overaccumulation status and also that there does not need to be any expectation to buy any of the bitcoin back in order to be able to continue to be able to withdraw from the bitcoin holdings under either of the two sustainable withdrawal methods.   

Of course, each of the two methods have their limits, and price based sustainable withdrawal is ONLY going to continue to be able to continue to be practiced if the price keeps going up or if the bitcoin is bought back at some lower price that might be determined to be acceptable (in the event that the BTC price drops).

Time-based sustainable withdrawal has abilities to continue to withdraw within the parameters of the withdrawal percentage amounts as long as the BTC price stays at least 25% higher than the 200-WMA.  So surely there could be some concerns, even with the practice of time-based sustainable withdrawal if the BTC price were to spend significant time below 25% above the 200-WMA or even if the BTC price were to spend considerable amount of time below the 200-WMA....

Yet, it seems to me that guys can figure their own sustainable withdrawal practices with goals that likely could involve making sure that whatever sustainable withdrawal practices they are employing, they are not getting knocked out of overaccumulation status.. so that they likely need to make sure that they have enough of a bitcoin cushion that is higher than their withdrawal amounts so that their bitcoin stash is ongoingly growing in dollar amounts greater than any amounts that they are withdrawing from it... and of course, that is the sustainable withdrawal method that should be able to be exercised in perpetuity, yet there could be times that guys are getting close to the end of their lives or they may have some other circumstances in which they no longer want to sustainably withdraw from their bitcoin holdings, but instead to completely withdraw the bitcoin in such a way that depletes the principle, whether they do it in a one time selling or if they do it in stages.

[Cossyblack]

Many times we think that if we get the perfect strategy, everything will be fine, but in reality the market does not work the same way for everyone. So it is more important to adjust your thinking and decision-making style than just changing the setup or looking for something new. The reality is that no strategy works universally. Every trader's mentality , ability, and decision are different.   while the same setup may be profitable for one person, it can be a cause of loss for another. This is where many people do not understand, and keep changing strategies. The shift to DCA that you are talking about is actually not a bad thing, but for many it is a stable path. Trading and DCA are two different things. Trading means trying to profit from price movements in a short period of time. On the other hand, DCA is investing gradually over a period of time. The problem arises when someone goes to DCA with a trading mindset.  In other words, whether trading or DCA, success will come only when you find the right method for you and maintain discipline within it.

Please Can we stick to the main topic of this thread? This isn't a trading thread and the main discussion in here isn't about trading. You made a fine point but it will be more beneficial if it were in a trading thread. Since this isn't a thread, I don't think it is right bring trading discussion especially since the discussion is mainly focus on bitcoin investment Ideas and not trading. So it more appropriate thatt you discuss Bitcoin investment in this thread.

[Grease5000]

Don't think too much about prices when investing long-term because our goal is to focus on accumulating as much as possible if possible, at least the most you can is to stay consistent, it is certain that some people will think about prices when they want to invest but maybe some of you have seen how the history of bitcoin continues to rise, so start being disciplined to stay on the path of your plan.

This method as you mentioned is more geared towards those who don't yet have a substantial amount of money to invest so their focus is more on how to stay consistent when they want to start investing.

But for those who already have a certain amount of money collected of course they also have to see how the developments are happening in the market with the aim that they want to do to increase the existing amount so it is natural for them to do that because they still see the opportunity to make another purchase even though it is sometimes only an estimate but if the situation is right they will still make a purchase with the aim of continuing to make a long-term investment that's the difference between those who don't have it yet and someone who already has a plan which is definitely someone's readiness to do to accumulate an additional amount more than what they already have but they only need to see the movement what is happening currently regarding market conditions.

what is only needed to start accumulating and investing in bitcoin is just a discretionary income and not a substantial amount of money. and i think it will be misleading and contradictory to say that focusing on consistent buying and investing on bitcoin regularly to reach our accumulation target is only applicable or geared towards those without a substantial amount of money because ordinarily in bitcoin investment all you need is just a discretionary income and not a substantial amount of money. weather you have a substantial amount of money or not, as a long term investor your goal is to focus on consistent or perhaps persistent accumulation of bitcoin and hold for long term purpose. thinking and focusing about the price or current market conditions before buying bitcoin even though you might claim to be a long term investor is capable of turning you into a trader because it have the tendency of making you become emotional about the market which is one of the characteristics of a traders mindset.

if you are ongoingly buying bitcoin with the dca regularly as a long term investor, you dont have business looking at the market conditions before you make purchases, all you need to focus is to figure out your discretionary income to use for your regular buying if bitcoin at any market price or condition either on weekly or monthly schedule depending on how the discretionary income is coming.

I get your point, and I agree to an extent. When you’re investing long-term, the main focus should be consistency and accumulation, not stressing over every price movement. Bitcoin’s history does show an overall upward trend, which rewards patience and discipline.

That said, completely ignoring price isn’t always ideal. Being aware of market conditions can helps at times. So it’s really about balance—stay consistent with your plan.

[Sunshine1525]

Many times we think that if we get the perfect strategy, everything will be fine, but in reality the market does not work the same way for everyone. So it is more important to adjust your thinking and decision-making style than just changing the setup or looking for something new. The reality is that no strategy works universally. Every trader's mentality , ability, and decision are different.   while the same setup may be profitable for one person, it can be a cause of loss for another. This is where many people do not understand, and keep changing strategies. The shift to DCA that you are talking about is actually not a bad thing, but for many it is a stable path. Trading and DCA are two different things. Trading means trying to profit from price movements in a short period of time. On the other hand, DCA is investing gradually over a period of time. The problem arises when someone goes to DCA with a trading mindset.  In other words, whether trading or DCA, success will come only when you find the right method for you and maintain discipline within it.

Please Can we stick to the main topic of this thread? This isn't a trading thread and the main discussion in here isn't about trading. You made a fine point but it will be more beneficial if it were in a trading thread. Since this isn't a thread, I don't think it is right bring trading discussion especially since the discussion is mainly focus on bitcoin investment Ideas and not trading. So it more appropriate thatt you discuss Bitcoin investment in this thread.

I got confused at some point cause the discussion was about the DCA strategy and not trading yet he kept bringing up trading and differentiating it with the DCA, maybe it's because this thread is in trading discussion but then you're right, the topic might be in trading discussion but the discussion is about Bitcoin investment and the various strategies that can used for investing in it. So i think he should focus on the subject matter so people don't deviate to discussing about trading.

[JayJuanGee]

How do you mean someone can lose an investment in Bitcoin? Because I don't see that as possible for someone to lose their investment in Bitcoin unless the said investor has a short term mindset which is trading but if the investor has a long term mindset there is no way they will lose their investment unless Bitcoin crash which we don't anticipate for that to happen. It is impossible for someone to hit their overaccumulation stage without seeing a significant changes in their portfolio unless their target is very small.

Yes if you are planning to invest into Bitcoin for long term your chances of making profits will increase but that doesn't mean you have guarantee to make profits. DCA strategy helps us to be discipline and to consistent with accumulating Bitcoin but it doesn't guarantee us profits either. Let's say for instance you are planning to invest for 5 years and you have already accumulate Bitcoin for just 4 years and based on the volatility nature of Bitcoin, it price dropped so low all of a sudden for a very long period of time your Bitcoin portfolio will eventually lose some weight because Bitcoin volatility doesn't look what strategy you are using or how long you have invest into Bitcoin.

Even though you are using the term "invest" @Bright0515, you seem to be talking about trading.

How could a person consider himself to be investing for 5 years?  What would your example of a guy do at 5 years?  He spent 4 years accumulating and then the BTC price is going up and down, and he is just waiting for the BTC price to go up and then he sells all of his bitcoin?

I understand your point clearly but you don't seems to understand mine, well all faults goes to me because I didn't make it very clear on the part you are talking about. However, I don't know too much about investment but with the knowledge I have learned so far I believe they will help me a lot right now and in the future.
From the part of my comment you are talking about, I didn't make it clear that an investor is only supposed to sell little of his Bitcoin and not all why because it will not be easy for the investor to start all over again, and he or she will regret it para venture he/she sold all their Bitcoin and fortunately Bitcoin price increase to a suitable price after they have sold all their assets, the truth is that anyone who sold all his assets (Bitcoin) and immediately or later in Bitcoin continues to rise the person will definitely regret.

Ok.  With your clarification, it does appear that I may have had misunderstood part of your intention, which seemed to have had left ambiguous where you were expecting anyone to be in their bitcoin accumulation journey and then what options might come available to anyone based on where they are at in their bitcoin accumulation as compared with other things that might be going on in their lives and causing demands upon their cash.

There have been many times historically that I have discussed various temptations that guys might have when they are in the midst of their bitcoin accumulation, and surely with poor people, they might find themselves in situations in which they have access to way more value than they had even imagined to be likely in their lives, including comparing their finances to their family and/or their friends.. so they may well end up getting lured into tapping into their bitcoin in order to either consume and/or invest with some of the appreciated bitcoin value - which will also end up greatly diminishing their bitcoin stacking progress.

Surely your use of the expression "taking profits" also did not help any impression that you were thinking about investing rather than trading.,. and yeah, some guys also get lured into thinking that either they deserve to "take some profits" or to recoup some (or all) of their already invested capital out of their investment, and that mindset of getting out the original capital tends to show a considerable amount of fear and/or lack of confidence in regards to bitcoin - not that we can expect normies to develop solid conviction and confidence in regards to bitcoin when it has tendencies to be greatly volatile and even go into deep and extended bearish periods of price performance.

I am not very convinced when guys are merely considering cashing out and they cannot even see the value of at least a couple of cycles of building and holding onto their investment, even though I can appreciate that there could come about some circumstances in which guys might want to continue to invest and build their bitcoin investment, even though they might consider themselves to be taking some kind of a self-administered loan against themselves (against their bitcoin holdings)... so

I believe in other of my post I have also talked about this that it is not wise to sell all Bitcoin if para venture you have accumulated enough Bitcoin for a very long period of time. I believe I have said this before in other post that an investor don't have to sell all their Bitcoin after making some profits if they have invest for a very long term, below is the quote where I said it in the other thread

If in the future you also want to sell your Bitcoin after making some profits, you don't need to sell all of them just a little figure will be okay, starting to accumulate Bitcoin all over again won't be easy but if you had some Bitcoin remaining you can easily continue accumulating from there. Even in the future Bitcoin will continue to rise, now let's just imagine you sold all your Bitcoin and suddenly Bitcoin skyrocket to a more higher price, there's no way that you won't regret. You might feel emotional and start regretting (which you had know you would have hold more longer or kept some Bitcoin). From my own perspectives I believe those who sold all their Bitcoin are already missing more better opportunities right now.

If you check my comment on the bold part, you will notice that I'm not in support of selling all assets at ones. The issue there is that I didn't make everything in details. But we are actually saying the same thing.
There are many reasons why it's not advised to sell all Bitcoin and I also highlighted the reasons.

Of course, there are going to be trade-offs for guys who are building their bitcoin holdings while at the same time cashing out on some of the holdings, and surely in the end, each guy has to identify his own circumstances while attempting to recognize the risks that come with selling portions of his bitcoin holdings while he considers himself to still be clearly in his BTC accumulation phase, which also includes risks of losing focus and putting himself into a waiting strategy rather than keeping himself in an ongoing buying strategy.

People think they have to know it all before they can start but it doesn't work that way due to how volatile Bitcoin is. Another thing I want to say is that practice makes perfect therefore it's good that newbies put the basic knowledge they've acquired to practice and in the long run they'll understand it better, newbies would be missing different buying opportunities while they waste time on gathering more knowledge.
 
 Even in life you don't learn everything in one day, it takes process gather knowledge, gain experience in it and try to actualize perfection which is why newbies can start by just understanding the basics which comprises of the important things a beginner should know and would also guide them on how to invest properly without errors.

I agree with you. So many people think that to invest in Bitcoin we need to know all things. But in reality no need to start like that . Bitcoin is not only a price chart, it is a digital currency. Its has  risk, psychology, time horizon and cash flow. It is not possible to learn all these things in a day . But also not to waste lot of time to learn like a expert . It is ok to invest with a little understanding . many common people invest a small portion and improve their knowledge. So you may be thinking how much time is required for investing? Here I would like to say from my experience that it is not right to say with a time that 1 week or 2 weeks as fixed . Some can get the basic knowledge in small time and some may need a lot of time. The main thing is not that how much the time has been taken to learn. The important thing is how much understanding you have to avoid basic mistakes.  Like  knowing whether the money is your discretionary income or not, Having a proper understanding about how much importance should be given for making a back up fund, Having an awareness about investing considering long time  4 to 10 years and more and most importantly Having basic idea about wallet security. If you have proper knowledge about these things, then you can start with a small amount.

Normie newbies do not need to know all of those things before they start investing in bitcoin.  They can make sure that they have discretionary funds and then act under their own common sense to figure out position size that is comfortable based on what they already know related to bitcoin and/or cashflow management.. .There is no specific thing that normie newbies need to know to get started investing in bitcoin except to make sure that they are calculating themselves to have discretionary funds available .. and so once they figure out that they have discretionary funds, their common sense should help to inform them how much they are comfortable starting with, whether it is $100 per week, $10 per week or some other amount.  Let's say for example, they have calculated themselves to clearly and unambiguously determined that they have $100 per week that they could invest into bitcoin, yet since they are new to bitcoin, and maybe ONLY looked at it for an hour or so, then maybe they decide to start out with $30 per week until they have time to increase their comfort level by looking into bitcoin further or looking into any aspect of bitcoin that they believe they need (or want) to learn about within their own discretion about what is important rather than someone else telling them what is important in regards to what they need to know or not know.  If they have common sense they should both be able to determine what they know or don't know and their common sense would also help to inform them to start out relatively conservatively until their comfort level increases..

[edited out]

Many times we think that if we get the perfect strategy, everything will be fine, but in reality the market does not work the same way for everyone. So it is more important to adjust your thinking and decision-making style than just changing the setup or looking for something new. The reality is that no strategy works universally. Every trader's mentality , ability, and decision are different.   while the same setup may be profitable for one person, it can be a cause of loss for another.

Yeah, but we are NOT talking about trading in this thread or short-term profits.

This is where many people do not understand, and keep changing strategies. The shift to DCA that you are talking about is actually not a bad thing, but for many it is a stable path. Trading and DCA are two different things.

Good.  At least you recognize that we are not talking about trading, even though you seem to want to talk about trading... Otherwise? why would you emphasize it?

Trading means trying to profit from price movements in a short period of time. On the other hand, DCA is investing gradually over a period of time. The problem arises when someone goes to DCA with a trading mindset.  In other words, whether trading or DCA, success will come only when you find the right method for you and maintain discipline within it.

I still struggle to understand why there was a need to talk about trading, even if your intentions were to show a contrast between investing and trading.

Many times we think that if we get the perfect strategy, everything will be fine, but in reality the market does not work the same way for everyone. So it is more important to adjust your thinking and decision-making style than just changing the setup or looking for something new. The reality is that no strategy works universally. Every trader's mentality , ability, and decision are different.   while the same setup may be profitable for one person, it can be a cause of loss for another. This is where many people do not understand, and keep changing strategies. The shift to DCA that you are talking about is actually not a bad thing, but for many it is a stable path. Trading and DCA are two different things. Trading means trying to profit from price movements in a short period of time. On the other hand, DCA is investing gradually over a period of time. The problem arises when someone goes to DCA with a trading mindset.  In other words, whether trading or DCA, success will come only when you find the right method for you and maintain discipline within it.

Please Can we stick to the main topic of this thread? This isn't a trading thread and the main discussion in here isn't about trading. You made a fine point but it will be more beneficial if it were in a trading thread. Since this isn't a thread, I don't think it is right bring trading discussion especially since the discussion is mainly focus on bitcoin investment Ideas and not trading. So it more appropriate thatt you discuss Bitcoin investment in this thread.

I got confused at some point cause the discussion was about the DCA strategy and not trading yet he kept bringing up trading and differentiating it with the DCA, maybe it's because this thread is in trading discussion but then you're right, the topic might be in trading discussion but the discussion is about Bitcoin investment and the various strategies that can used for investing in it. So i think he should focus on the subject matter so people don't deviate to discussing about trading.

I am pretty sure that when I first placed this thread, I placed it in "bitcoin discussion," and surely I did not put the thread in "trading," so there must be some automation in the way threads are categorized, and at the same time, even if guys might not read the OP or read the title of the thread, it should be pretty clear that I differentiate between investing and trading and this is also a self-moderated discussion in the event that I might get the sense that guys are dragging us too much into off-topicness, then I could choose to delete those posts...

[SmartCharpa]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

Everyone has their own target while investing in bitcon, we have different goals on this journey. You might plan to sell your bitcoin if the price reaches some certain level, and you may plan to sell if you reach your accumulation target. This depends on the individual mindset and for how long they plan hold their bitcon. And if we talk about profit while we are still buying, only short term traders can think about taking a profit when they have not reach their target, because they only go in and out of the market.

If you are only interested in profit, you will end up losing money, thinking about profit will not lead you to success, it can only make you to buy if the market is going up, you will always try to outsmart the market to take advantage, and im sure that whenever the market goes down you will feel disappointed, our goal should not be on profit as we all know that bitcoin involves risks, the price can go up and down any time.

[laspol65]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

An investor that's still in his accumulation stage shouldn't think of taking profits because his bitcoin portfolio is already in profit because if you do that, it will depreciate your bitcoin stash. Profit shouldn't be the main focus but accumulating bitcoin consistently overtime till you reach your bitcoin target.

Selling part of your bitcoin should be done when you have reached your over accumulation stage and you don't just sell it all but use the sustainable withdrawal method that will always put your bitcoin portfolio in profits as you continue hodli.
If you start selling because of profit before you know it, you will lose focus in your bitcoin long-term accumulation plan and become a trader, only if you are a trader because some traders think that they're long-term investors. You should avoid anything that will lead you to sell too soon. If you sell what will you use the money for.

We understand the fact that no one can invest his money were he can't make profit at of it, it is very nice in wishing yourself to be profitable in Bitcoin investments, i think it is a bad idea of discussion on profits making of our earliest journey of investing, investing with DCA strategy do take a long term, for that reason, is better to be looking more in buying and accumulating small small, as long as you getting your discretionary income.

The longer you hold your Bitcoin investment, the more your risk will decrease, because it is gradually increasing. So if you want to hold your Bitcoin investment for a long time, you must be able to hold it by adopting some strategies. Among the strategies that you are familiar with is the Bitcoin purchase method, which we call the DCA method, because if you buy and sell according to the DCA method, you will be able to get the maximum benefit of Bitcoin investment and it will be easier to hold it for a long time.
In this process, a person holding Bitcoin is capable enough to achieve success quickly, so it is necessary to adopt a strategy before investing in Bitcoin. And by adopting a strategy, the Bitcoin investor can avoid risk, which increases his desire to invest more.

[Proty]

Those who already have more Bitcoin from past purchases will naturally also have a plan to take profits at the current price, even if they don't sell it all at once.

An investor that's still in his accumulation stage shouldn't think of taking profits because his bitcoin portfolio is already in profit because if you do that, it will depreciate your bitcoin stash. Profit shouldn't be the main focus but accumulating bitcoin consistently overtime till you reach your bitcoin target.

Selling part of your bitcoin should be done when you have reached your over accumulation stage and you don't just sell it all but use the sustainable withdrawal method that will always put your bitcoin portfolio in profits as you continue hodli.

If you start selling because of profit before you know it, you will lose focus in your bitcoin long-term accumulation plan and become a trader, only if you are a trader because some traders think that they're long-term investors. You should avoid anything that will lead you to sell too soon. If you sell what will you use the money for.

We understand the fact that no one can invest his money were he can't make profit at of it, it is very nice in wishing yourself to be profitable in Bitcoin investments, i think it is a bad idea of discussion on profits making of our earliest journey of investing, investing with DCA strategy do take a long term, for that reason, is better to be looking more in buying and accumulating small small, as long as you getting your discretionary income.

People invest in every field only to make a profit, but we must not forget the fact that we are never guaranteed success in anything, and this uncertainty is the real risk, and this risk we have to accept by doing our research so that we can survive in any situation. as in Bitcoin investment, profit is not guaranteed, we have to make a decision to invest consistently based on the possibility, only those who can take this possibility seriously and realistically they can survive in the long term, at the same time we must not take this uncertain profit for granted, that is, it is not like this that you will achieve success by just investing in Bitcoin, and you have to understand this. After understanding everything realistically, we have to decide to invest, unrealistic plans can only bring disappointment.

It is not everyone that is accumulating and holding bitcoin is doing so because they want to make profit. There are people that are accumulating and holding bitcoin because it has proven to be a good store of value. Therefore, instead of profits they are investing to retain value or wealth. Also bitcoin act as hedge against inflation this could also be one of the possible reasons why some people maybe accumulating and holding bitcoin instead of fiat and not to make profit.