JJG’s Outline of Bitcoin Investment Ideas

[Futurexxx]

<..>

An investor is not supposed to be taking profit from his investment when he has not reached his over accumulation stage i don't see any need taking profit when you are supposed to be buying bitcoin that's gambling,

Any investor knows his plans...They're investors who invest with fear, and if they invest, they only be curious to keep on investing or holding their profit and make withdrawal of their capital, so many investors have such an agenda before concluding to invest...but investor who understand investment processes of crypto, will not be in curious to pulled out the capital...

it's traders sell when they see that they have gotten some little profit from there investment, as a BTC investor we are meant to be consistently buying bitcoin and hodl for long up to 4-10 years or more before we can think of taking little profit and still keep holding.

They're people who invest for short-term and they're also people who invest for long-term...so those who invest for short-term will be interested to make withdrawal immediately they make a little profit...why long-term investors have a target why they invest on bitcoin..

That is not an investor, even though such person is trying to look as one, he is not, he is more of a trader than is more interested in outsmarting the market and making profit than buying and holding for long term purposes.
It baffles me that someone that calls himself a Bitcoin investor will buy and invest in Bitcoin, instead of such person to buy more periodically and add more to his stash, he will be thinking of withdrawing all his capital and holding only his profit, like does such person think that Bitcoin investment is as ponzi scheme?
Because it's only ponzi scheme some people reason and think in such way, that's a very disgusting way to go about your bitcoin investment.

And finally, their is nothing as short term investor, it's either you are a trader or you are a Bitcoin investor that holds for a very long period of time, so their is no two ways about it bro.

[Abbatty]

Everyone can offer the best advice to any investor or trader, encouraging them to become serious investors by gradually buying Bitcoin over a long period of time. However, everyone has the desire and temptation to profit as soon as possible when they see it in the near future. This means that the temptation of small profits shouldn't be a factor in immediately selling their holdings entirely for anyone who already has Bitcoin in their personal wallet. Many investors have achieved greater profits after consistently buying Bitcoin and holding it for five or more years without being tempted by small initial profits.

Because when it comes to consistent long-term investing, many investors immediately sell Bitcoin when they see small initial profits. So, these mistakes aren't just made by traders; they're also made by investors who lack patience and are easily tempted by small profits, forgetting that Bitcoin can still yield greater returns in the future.

That one big mistake some people make, when it comes to bitcoin investment we should know that when an individual is driven with the sole aim of making profit then He is a trader, and when an individual is driven with the sole aim of investing to have a good future then he is regard as an investor, immediately a person who invest with the aim of having a reasonable future begins to think about making profit then his mindset have changed from being an investor  to a trader. So sometimes this cases are common and we know notice that we should the name to tag the person with.

When you busy buying with DCA And you are being consistent about it, so far you are using your discretionary income you won’t be tempted by profit withdrawal because your basic needs are being carted for.

[Big Dirams]

If a person has an income of $30k per year and he decides to invest $100 per week into bitcoin (17.3%), then maybe after 5 years he had invested $26k into bitcoin, and if bitcoin suddenly goes up 5x to be worth $130k in a fairly short period of time, the guy might not know how to deal with that situation.  Is he going to keep buying bitcoin?  Stop buying bitcoin? Or is he going to be tempted to sell some of his bitcoin?

Maybe he never had any investment that was worth that much money, so he has to learn how to deal with having that money and knowing that the price is volatile and that he can sell the bitcoin at any time that he wants.  Building up a habit of ongoingly buying bitcoin can help in these circumstances, but also building up back up funds can help in these types of circumstances, too.

That absolutely a high percentage of bitcoin returns that comes after constant accumulation of bitcoin for over 5years. But I’m a bit loss right now so what should be the investors decisions here or does it totally comes down to the investors to decide on what to do with the bitcoin or is there any positive way to approach a situation like this.
I’m just so curious because with high amount of bitcoin like this then such investors would be totally confused so what should be his decision here. Keeping up with more accumulation? Or selling off all his holdings? Or even maybe selling some and securing it what should be the decision here @JayJuanGee.

Well? I made that example with a set of facts that presumes a shooting up of the BTC price after the hypothetical guy had already spent 5 years investing in bitcoin and then the price 5x'ed after that... which surely could happen again, but we are not in that kind of a place currently...

So it could be that I would have to change the timeline in order for hypothetical the facts to work out.. I don't like to get too far off of the facts with my actual numbers, so let me give you some more facts related to the hypothetical, and perhaps you can answer the question regarding what the guy should do.

I am going to reframe the timeline so that the hypothetical guy had started accumulating $100 per week of bitcoin in September 2018, and by September 2024, he had already been accumulating $26k worth of bitcoin, which actually only added up to 1.32 BTC.  His average cost per BTC would have had been right around $20k at that time, in September 2023.

At the time in September 2023, the guy did not know that the BTC price was going to go up 6x from his cost per BTC in October 2026.. so it seems to me that the guy does not have enough bitcoin in September 2023 in order to conclude that he can modify his bitcoin accumulation practices of ongoingly buying $100 per week.

If he continued to accumulate bitcoin at $100 per week between September 2024 and now, he would have had invested another $9k and accumulated another 0.104 BTC (which would be about 1.424)... So why not continue to accumulate?

Since the guy is currently earning $30k per year, does the guy want to get to a point that he can quit his job and earn the same $30k per year from his bitcoin? or does he want to get to a higher amount of income from his BTC?

You should be able to decide these kinds of personal preference matters.

If the guy merely wants to be able to get $30k per year from his bitcoin with a 7% per year increase, then he still would need to have at least 4.91 BTC right now in order to be able to accomplish that..

The amount of bitcoin that he needs to sustain the same level of dollar income, such as $30k er year, will continue to be less and less with the passage of time, if we might be learning to valuate our bitcoin based on the 200-WMA or some other kinds of conservative bottom number.

Well I came up with a suggestion don’t know if it suit well but just an opinion though.
What if the investors reduces his or her weekly budget for the constant accumulation, so it would reduced the risk a little bit afterall the holder has made so much from the journey. Reducing their monthly or weekly budget would be a smart one to reduce the risk even if the budget is been reduced by 60% or more  

I don't see how that helps.  In the hypothetical the guy who invests $100 per week for 5 years is getting close to having had invested a whole years of his income into bitcoin.  If we add another nearly two years then we have the guy having had invested about $35k which would be 16% higher than his current income... yet he seems to ONLY be around 30% of his goal (1.424/4.91), yet the amount of BTC needed keeps coming down, so I am not sure what the problem is to continue to stack.  Y

ou seem to want to try to lessen your accumulation amount when the price is going up, with a hope to maybe buy more if the BTC price dips, yet if the guy had already gotten to a comfortable weekly investment amount, I cannot see any reason to lessen the amount that he is investing each week until maybe he starts to get closer to his goal.. maybe even within 50% of his goal.. whatever his goal might be...and yeah at the same time, these are judgement concerns about how much is enough or more than enough in regards to either how much bitcoin has been accumulated or perhaps how much money had already been invested.

What do you believe the guys goal is?  Sure, if he has another 4-8 years that he can wait, then he might not need to continue to invest, but it seems to me that if he has at least 4 more years before he is planning to draw from his stash then he can continue to add to his bitcoin holdings, even if he is feeling as if he had already invested a good amount into bitcoin already.

I doubt that there is any one best answer since guys need to tailor to both their income goals and also to their timeline in which they might want to start drawing from their bitcoin stash.

Right I get the clearer picture now and understands much better when situations like this pop I have gain much opinion and suggestions from you. Thank you so much.
I thought maybe my suggestion might be of help to reduce the risk of the journey by reducing the weekly budgets by some percentage but right now that not what matters at all but it was just an opinion.

I even think scenarios like this some decision comes down to the individual to make with their own preferred path. But setting goals and working towards it would ease the situation instead of the individual not having any directions just accumulating blindly.
Once more thanks for the clarification really appreciated and many of folks would gain more understanding too.

[GhostOfBitcoin]

If a person has an income of $30k per year and he decides to invest $100 per week into bitcoin (17.3%), then maybe after 5 years he had invested $26k into bitcoin, and if bitcoin suddenly goes up 5x to be worth $130k in a fairly short period of time, the guy might not know how to deal with that situation.  Is he going to keep buying bitcoin?  Stop buying bitcoin? Or is he going to be tempted to sell some of his bitcoin?

Maybe he never had any investment that was worth that much money, so he has to learn how to deal with having that money and knowing that the price is volatile and that he can sell the bitcoin at any time that he wants.  Building up a habit of ongoingly buying bitcoin can help in these circumstances, but also building up back up funds can help in these types of circumstances, too.

That absolutely a high percentage of bitcoin returns that comes after constant accumulation of bitcoin for over 5years. But I’m a bit loss right now so what should be the investors decisions here or does it totally comes down to the investors to decide on what to do with the bitcoin or is there any positive way to approach a situation like this.
I’m just so curious because with high amount of bitcoin like this then such investors would be totally confused so what should be his decision here. Keeping up with more accumulation? Or selling off all his holdings? Or even maybe selling some and securing it what should be the decision here @JayJuanGee.

Well? I made that example with a set of facts that presumes a shooting up of the BTC price after the hypothetical guy had already spent 5 years investing in bitcoin and then the price 5x'ed after that... which surely could happen again, but we are not in that kind of a place currently...

So it could be that I would have to change the timeline in order for hypothetical the facts to work out.. I don't like to get too far off of the facts with my actual numbers, so let me give you some more facts related to the hypothetical, and perhaps you can answer the question regarding what the guy should do.

I am going to reframe the timeline so that the hypothetical guy had started accumulating $100 per week of bitcoin in September 2018, and by September 2024, he had already been accumulating $26k worth of bitcoin, which actually only added up to 1.32 BTC.  His average cost per BTC would have had been right around $20k at that time, in September 2023.

At the time in September 2023, the guy did not know that the BTC price was going to go up 6x from his cost per BTC in October 2026.. so it seems to me that the guy does not have enough bitcoin in September 2023 in order to conclude that he can modify his bitcoin accumulation practices of ongoingly buying $100 per week.

If he continued to accumulate bitcoin at $100 per week between September 2024 and now, he would have had invested another $9k and accumulated another 0.104 BTC (which would be about 1.424)... So why not continue to accumulate?

Since the guy is currently earning $30k per year, does the guy want to get to a point that he can quit his job and earn the same $30k per year from his bitcoin? or does he want to get to a higher amount of income from his BTC?

You should be able to decide these kinds of personal preference matters.

If the guy merely wants to be able to get $30k per year from his bitcoin with a 7% per year increase, then he still would need to have at least 4.91 BTC right now in order to be able to accomplish that..

The amount of bitcoin that he needs to sustain the same level of dollar income, such as $30k er year, will continue to be less and less with the passage of time, if we might be learning to valuate our bitcoin based on the 200-WMA or some other kinds of conservative bottom number.

Well I came up with a suggestion don’t know if it suit well but just an opinion though.
What if the investors reduces his or her weekly budget for the constant accumulation, so it would reduced the risk a little bit afterall the holder has made so much from the journey. Reducing their monthly or weekly budget would be a smart one to reduce the risk even if the budget is been reduced by 60% or more  

I don't see how that helps.  In the hypothetical the guy who invests $100 per week for 5 years is getting close to having had invested a whole years of his income into bitcoin.  If we add another nearly two years then we have the guy having had invested about $35k which would be 16% higher than his current income... yet he seems to ONLY be around 30% of his goal (1.424/4.91), yet the amount of BTC needed keeps coming down, so I am not sure what the problem is to continue to stack.  Y

ou seem to want to try to lessen your accumulation amount when the price is going up, with a hope to maybe buy more if the BTC price dips, yet if the guy had already gotten to a comfortable weekly investment amount, I cannot see any reason to lessen the amount that he is investing each week until maybe he starts to get closer to his goal.. maybe even within 50% of his goal.. whatever his goal might be...and yeah at the same time, these are judgement concerns about how much is enough or more than enough in regards to either how much bitcoin has been accumulated or perhaps how much money had already been invested.

What do you believe the guys goal is?  Sure, if he has another 4-8 years that he can wait, then he might not need to continue to invest, but it seems to me that if he has at least 4 more years before he is planning to draw from his stash then he can continue to add to his bitcoin holdings, even if he is feeling as if he had already invested a good amount into bitcoin already.

I doubt that there is any one best answer since guys need to tailor to both their income goals and also to their timeline in which they might want to start drawing from their bitcoin stash.

Right I get the clearer picture now and understands much better when situations like this pop I have gain much opinion and suggestions from you. Thank you so much.
I thought maybe my suggestion might be of help to reduce the risk of the journey by reducing the weekly budgets by some percentage but right now that not what matters at all but it was just an opinion.

I even think scenarios like this some decision comes down to the individual to make with their own preferred path. But setting goals and working towards it would ease the situation instead of the individual not having any directions just accumulating blindly.
Once more thanks for the clarification really appreciated and many of folks would gain more understanding too.

Yup buddy , Your opinion is very mature and I completely agree with it. Setting a specific financial goal makes the investment journey much easier and more meaningful than blindly accumulating wealth.Many people learn to buy when they enter the market, but they don't think about when to take profits or when to rebalance their portfolio. Temporarily reducing their weekly budget may reduce portfolio risk slightly, but without a clear exit plan, it is not possible to take the desired profit in the long run, even at the end of a big bull market.So the advice you gave on setting goals is very important. Just as discipline is needed in Bitcoin investing, it is equally important to have a proper plan for using your assets according to your goals.

[DubemIfedigbo001]

That absolutely a high percentage of bitcoin returns that comes after constant accumulation of bitcoin for over 5years. But I’m a bit loss right now so what should be the investors decisions here or does it totally comes down to the investors to decide on what to do with the bitcoin or is there any positive way to approach a situation like this.
I’m just so curious because with high amount of bitcoin like this then such investors would be totally confused so what should be his decision here. Keeping up with more accumulation? Or selling off all his holdings? Or even maybe selling some and securing it what should be the decision here @JayJuanGee.

There is nothing to confuse the investors here if he is still committed to his goal, the increase in the valuation of his portfolio should not be a source of distraction for him. I don't subscribe to selling off his holdings simply because it increased so much in value and he has neither exhausted his holding period nor reached his accumulation target, that would be trading, especially if he's selling off to buy back cheaper. His investment is already secured in bitcoin, where else does he wanted to secure it? In fiat of which would still depreciate on the longrun? He has his own decisions to make as an investor, but he should be sure not to make unnecessary trading decisions like sell and buy back cheaper.

We all invest into bitcoin to secure and preserve the value of our funds, so if he's selling to preserve in another medium, it doesn't really make sense to me, rather if he wants to diversify, he can stop buying and continue holding his portfolio while he diversifies to whichever asset he wishes and resume buying and holding when he is done. 

Well I came up with a suggestion don’t know if it suit well but just an opinion though.
What if the investors reduces his or her weekly budget for the constant accumulation, so it would reduced the risk a little bit afterall the holder has made so much from the journey. Reducing their monthly or weekly budget would be a smart one to reduce the risk even if the budget is been reduced by 60% or more  

It depends the reason they're reducing it, if the investors already had a lot of bitcoin with respect to his target, and he decides to reduce it while he sets aside the remainder consistently for buying dips, then of course he is of the right track, but if he is now reducing it and putting up the other funds for discretionary consumption, the he is slowing down his investment journey unnecessarily and seems to be gradually losing focus on his target and focusing on the valuation of his investment, and such a loss of focus on the real deal can see him transition to a trader in a little time. Commitment is necessary in accumulation phase until we reach overaccumulation stage which we may choose to stop buying entirely.

[Emjay24]

You guys are literally saying the same thing... Backup funds dosen't appear out of the blues, it is sourced /or built using your discretionary income and so regardless of how you or Abbatty tries to put it, aggressiveness will still depend on the availability of your discretionary income...And that's why folks without any discretionary income would struggle very much to build any backup funds and they would as well struggle to make any aggressively buy..And so everything that pertains investing and aggressiveness, still boils down to the availability of your discretionary income...

Folks without discretionary income should not even kickstart their bitcoin accumulation journey in the first place, not to mention attempting to building backup funds, since they would still be doing so with money needed for expenses and as such their portfolios would be short lived, which is more of gambling than investing.

The basic to start is having discretionary income and if the potential investor cannot identify to having one, then they should wait and work around their finances until they have it and only then can they start investing.

They're people who invest for short-term and they're also people who invest for long-term...so those who invest for short-term will be interested to make withdrawal immediately they make a little profit...why long-term investors have a target why they invest on bitcoin..

It is important to state facts here, those who target short-term are traders and most of them buy low and sell high, which is the wrong practice in bitcoin investing. Gambling with bitcoin price rarely produces a good result on the long run and the investor might sell off a big deal of BTC and end up a low coiner on the long-run, which might lead to regrets, it is always better to keep buying and holding with a long-term mindset which puts investors in a better position to enjoy bigger profits in the future.

[Tetu100]

The real advantage is not just the amount of Bitcoin accumulated but the mentality and consistency developed from buying regularly. So to answer the question I think personally I would rather be the guy who continued buying consistently till the end. A

You will be making the best decision so far by choosing this path. However, their is no success in life that's is not initiated by consistency, this is an impoatant virtue of every investment plan  that shouldn't be missed out for no cost. When an investor is consistence in his accumulation, his not only adding up some stash of bitcoin to his portfolio as earlier said about but his also building a level of foundational balance in his investment journey that will help him stay on track till the end of time or the D day.

[Itz-prisigold]

We should definitely continue buying until we are able to reach our goal. The price of Bitcoin is very volatile, the market can rise and fall at any time and we have to move forward ignoring everything. A person who is able to hold on for the long term without stepping into the trend of short-term profit may get better results in the future than short-term profit.

But yes, if someone's investment has increased a lot or if his investment has doubled or even more profit a few days after investing. In that case, he can definitely enjoy some of the profit and can hold the rest of the investment for the long term or hold it until he reaches his goal.

First of all, this your thinking is still focusing on short term price movement and profit extraction even though you are still talking about long term holding on this discussion.  When it comes to Bitcoin accumulation, it's not about watching the price cycle constantly or taking profits or even trying to time when you will make withdrawal  whenever the price moves a little.

For example,  just because the market price has increased over the last few days, doesn't actually mean you should sell part of your investment, this is actually the main reason a lot of investors is still struggling to build a very meaningful long term position, because they focus too much on the short time price growth, instead of maintaining a consistent investment structure.

And I will say something on this statement about an investor “Ignoring everything”, that can actually be misunderstood as ignoring anything. Yeah true, no investor should panic over volatility, but it should not be an excuse to evaluate the case considering things such as financial structure, cashflow management,  or risk exposure, while securing a sustainable accumulation strategy, it still requires proper allocation and understanding personal financial limits.

[SPIDERMAN008]

That one big mistake some people make, when it comes to bitcoin investment we should know that when an individual is driven with the sole aim of making profit then He is a trader, and when an individual is driven with the sole aim of investing to have a good future then he is regard as an investor, immediately a person who invest with the aim of having a reasonable future begins to think about making profit then his mindset have changed from being an investor  to a trader. So sometimes this cases are common and we know notice that we should the name to tag the person with.

When you busy buying with DCA And you are being consistent about it, so far you are using your discretionary income you won’t be tempted by profit withdrawal because your basic needs are being carted for.

I want to give a slightly different opinion here. Actually, both traders and investors invest with the thought of making  profit, but the problem is not in the mentality of making a profit. A trader wants to make a profit in a short time, wants to get rich quickly by timing the market. But an investor thinks of holding the investment with a long-term mentality. He actually wants to make a profit but does not lose patience. He patiently leaves the short-term price prediction and gets out of the trading mindset and holds for a long time, realistically and logically, depending on his financial situation, follows a convenient method through proper planning, forms a back-up fund and invests. So that he can hold Bitcoin for a long time and continue his investment activities regularly. This is basically the difference between a trader and an investor. Both have the goal of making a profit. One has the mindset and path to make a profit, like risky gambling. The other investor has the mindset of achieving success by making a profit through long-term holding.

[The Founding Titan]

They're people who invest for short-term and they're also people who invest for long-term...so those who invest for short-term will be interested to make withdrawal immediately they make a little profit...why long-term investors have a target why they invest on bitcoin..

It is important to state facts here, those who target short-term are traders and most of them buy low and sell high, which is the wrong practice in bitcoin investing. Gambling with bitcoin price rarely produces a good result on the long run and the investor might sell off a big deal of BTC and end up a low coiner on the long-run, which might lead to regrets, it is always better to keep buying and holding with a long-term mindset which puts investors in a better position to enjoy bigger profits in the future.

If the interest is short term then the person is a trader, taking profit immediately isn't something an investor will do, investors accumulate and hold and are not swayed by seemingly quick gains,  they understand that in order for their investment to yield anything they need to hold for long and that's why they invest with their discretionary income, the understanding that they won't be selling anytime soon meaning they can't get the money back soon is very important for an investor to know.

[Rockson1]

They're people who invest for short-term and they're also people who invest for long-term...so those who invest for short-term will be interested to make withdrawal immediately they make a little profit...why long-term investors have a target why they invest on bitcoin..

So what do you have to say about these category of investors, I mean the short and long-term investors, we already know that some people has choose to be profit chasers, let me know you take on that.
As for me what I know is that Bitcoin is a long-term investment and for that if anyone wants to invest in Bitcoin, it should be for a long-term not short term, of a truth every investor has their purpose which means both categories has their purpose of target but term target might unrealistic because every investment has a concept and strategy which has to be followed for us to get the future reward, the short term mindset of traders should totally be erased by an investor whose plan is for the future.

[Grease5000]

They're people who invest for short-term and they're also people who invest for long-term...so those who invest for short-term will be interested to make withdrawal immediately they make a little profit...why long-term investors have a target why they invest on bitcoin..

So what do you have to say about these category of investors, I mean the short and long-term investors, we already know that some people has choose to be profit chasers, let me know you take on that.
As for me what I know is that Bitcoin is a long-term investment and for that if anyone wants to invest in Bitcoin, it should be for a long-term not short term, of a truth every investor has their purpose which means both categories has their purpose of target but term target might unrealistic because every investment has a concept and strategy which has to be followed for us to get the future reward, the short term mindset of traders should totally be erased by an investor whose plan is for the future.
[/quote/) That’s the difference in mindset. While a short term investor is focused on quick profits, so he’s always tempted to withdraw once he sees small gains but a long term m investor thinks beyond today’s price. He stays patient because he understands that real wealth is built through time, consistency, and holding through different market cycles.

[Taskford]

That absolutely a high percentage of bitcoin returns that comes after constant accumulation of bitcoin for over 5years. But I’m a bit loss right now so what should be the investors decisions here or does it totally comes down to the investors to decide on what to do with the bitcoin or is there any positive way to approach a situation like this.
I’m just so curious because with high amount of bitcoin like this then such investors would be totally confused so what should be his decision here. Keeping up with more accumulation? Or selling off all his holdings? Or even maybe selling some and securing it what should be the decision here @JayJuanGee.

There is nothing to confuse the investors here if he is still committed to his goal, the increase in the valuation of his portfolio should not be a cause of distraction for him. I don't subscribe to selling off his holdings simply because it increased she much in value and he's neither exhausted his holding period nor reached his accumulation target, that would be trading, especially if he's selling off to buy back cheaper. His investment is already secured in bitcoin, where else does he wanted to secure it? In fiat of which would still depreciate on the longrun? He has his own decisions to make as an investor, but he should be sure not to make unnecessary trading decisions like sell and buy back cheaper. We all invest into bitcoin to secure and preserve the value of our funds, so if he's selling to preserve in another medium, he should be sure it is not a less performing medium, perhaps he may want to diversify into some other assets to achieve more security of his assets portfolio.

If they are truly committed with their goals for long term, then they should not get distracted by any same like trading activities, because if they always aim to buy at cheaper rate then continue to wait for that situation to come, then what they are doing is trading and not actually an investing.

Bitcoin is a store value and if they decide to move their asset to fiat that expose them to a risk like depreciation or other else out there.

So what's best approach to do is to hold their Bitcoins until they hit their target years, but if they really want to diversify because they feel like they have lots of extra funds to use, choose those assets which offer great security and don't go with risky especially with those shitcoins.

[SmartCharpa]

Any investor knows his plans...They're investors who invest with fear, and if they invest, they only be curious to keep on investing or holding their profit and make withdrawal of their capital, so many investors have such an agenda before concluding to invest...but investor who understand investment processes of crypto, will not be in curious to pulled out the capital...

And that is why we should not let our emotions take control of us when investing, If an investor cannot control his emotions, it will lead to fear, and they will always panic whenever they see something different happening in the market.

Long term investors never afraid to see the market go down deeply because it is not the first time they have witnessed something like that, and they believe the market will continue to grow than where it was before. So let’s not chase quick gains and let our emotions control us, otherwise it can lead to panic and make wrong decisions.

We should definitely continue buying until we are able to reach our goal. The price of Bitcoin is very volatile, the market can rise and fall at any time and we have to move forward ignoring everything. A person who is able to hold on for the long term without stepping into the trend of short-term profit may get better results in the future than short-term profit.

But yes, if someone's investment has increased a lot or if his investment has doubled or even more profit a few days after investing. In that case, he can definitely enjoy some of the profit and can hold the rest of the investment for the long term or hold it until he reaches his goal.

There’s nothing wrong with taking profit from your investment, but if you have not reached your accumulation target, then there is no reason to take profit since that was not your plan from the beginning. May be you planned to hold for a long time regardless of the market condition, and all of a sudden the market increases, your profits double, and you now want to take profit from it.

As an investor, if your profits can double like that, then you should also think about what the future holds and how the price could be in the future. If we allow ourselves to be driven by profits, then I’m sure many people will end up selling all their Bitcoin, and in that position, you are no longer a long term investor, you are gambling.

[Hardyrobust]

That one big mistake some people make, when it comes to bitcoin investment we should know that when an individual is driven with the sole aim of making profit then He is a trader, and when an individual is driven with the sole aim of investing to have a good future then he is regard as an investor, immediately a person who invest with the aim of having a reasonable future begins to think about making profit then his mindset have changed from being an investor  to a trader. So sometimes this cases are common and we know notice that we should the name to tag the person with.

When you busy buying with DCA And you are being consistent about it, so far you are using your discretionary income you won’t be tempted by profit withdrawal because your basic needs are being carted for.

I want to give a slightly different opinion here. Actually, both traders and investors invest with the thought of making  profit, but the problem is not in the mentality of making a profit. A trader wants to make a profit in a short time, wants to get rich quickly by timing the market. But an investor thinks of holding the investment with a long-term mentality. He actually wants to make a profit but does not lose patience. He patiently leaves the short-term price prediction and gets out of the trading mindset and holds for a long time, realistically and logically, depending on his financial situation, follows a convenient method through proper planning, forms a back-up fund and invests. So that he can hold Bitcoin for a long time and continue his investment activities regularly. This is basically the difference between a trader and an investor. Both have the goal of making a profit. One has the mindset and path to make a profit, like risky gambling. The other investor has the mindset of achieving success by making a profit through long-term holding.

You sound as if all investors that are holding bitcoin are doing so because they wants to make profit, profit is not the only reason why so many people are into bitcoin. Aside to make profit there are other reasons why people hold or invest in bitcoin. Bitcoin is decentralised in nature, it is a good store of value. So an investor maybe holding bitcoin because they want to retain wealth and also as a result of the freedom bitcoin offers as being decentralised. Profit isn't just the reason why different people choose to hold or invest in bitcoin.

[cyberninja2]

You will be making the best decision so far by choosing this path. However, their is no success in life that's is not initiated by consistency, this is an impoatant virtue of every investment plan  that shouldn't be missed out for no cost. When an investor is consistence in his accumulation, his not only adding up some stash of bitcoin to his portfolio as earlier said about but his also building a level of foundational balance in his investment journey that will help him stay on track till the end of time or the D day.

This consistent attitude is one way for anyone who wants to achieve success in Bitcoin investing. Lack of consistency is certainly part of the downfall that someone who invests in Bitcoin will experience. Therefore investors prefer to remain consistent in everything they do.

Everyone's journey certainly has its own goals so it's not surprising to see some major investors always have a method that makes them more likely to achieve success than those who sometimes accumulate money simply to follow the lead of those who seem to have no goal of achieving success. I believe this is something we need to pay attention to so we can emulate the actions of those who are often successful. Over time, we too will experience the same things these investors do toward their goals until we reach the point where investors often achieve their goals through consistent practice.

[Sticky Bomb]

Because when it comes to consistent long-term investing, many investors immediately sell Bitcoin when they see small initial profits. So, these mistakes aren't just made by traders; they're also made by investors who lack patience and are easily tempted by small profits, forgetting that Bitcoin can still yield greater returns in the future.

When investors make such mistakes, then they ease to be investors, but traders. It is still very obtainable that the investors learn from their mistakes and continue holding and don't sell going forward, then their accumulation journey starts anew. Beyond patience, commitment and discipline is needed to maintain consistency in your accumulation journey and never sell. Investors who build backup funds and has funds set aside for discretionary consumption would have less temptation since they have the financial balance to live a very comfortable life independent of their portfolio.
Every investor is tempted to take profits, but if they are committed to their long-term journey, they wouldn't give in to such cheap temptations, but continue in their resolve to keep adding to their portfolio periodically until they reach their target and/or overaccumulation status

We should definitely continue buying until we are able to reach our goal. The price of Bitcoin is very volatile, the market can rise and fall at any time and we have to move forward ignoring everything. A person who is able to hold on for the long term without stepping into the trend of short-term profit may get better results in the future than short-term profit.

But yes, if someone's investment has increased a lot or if his investment has doubled or even more profit a few days after investing. In that case, he can definitely enjoy some of the profit and can hold the rest of the investment for the long term or hold it until he reaches his goal.

There’s nothing wrong with taking profit from your investment, but if you have not reached your accumulation target, then there is no reason to take profit since that was not your plan from the beginning.

Even though you reach your accumulation target, it is not really a time to take profits, unless you're in overaccumulation phase and you only take profits that would not see you go below your accumulation target. If the investor can hold until the termination of his holding period, it is still a better advantage for him and his portfolio would possibly have more value and he would start withdrawing sustainably from his portfolio when the holding period terminates.

[Bigjoe33]

There’s nothing wrong with taking profit from your investment, but if you have not reached your accumulation target, then there is no reason to take profit since that was not your plan from the beginning. May be you planned to hold for a long time regardless of the market condition, and all of a sudden the market increases, your profits double, and you now want to take profit from it.

To me, your statement above sounds a bit confusing since it seems you are on two different pages without clarity. You initially pointed out that there is nothing wrong with taking your profit in Bitcoin, and later stating that there is no need or reason taking your profit since it was not your original plan.

I believe been profit oriented or monitoring the price of Bitcoin, and when it rises you take your profit is a wrong way of investment and can affect negatively out portfolio. Of course, there is no need to always plan of tapping from your investment due to market swings and rise in price. We must ensure to follow proper investment pattern to ensure sustainability and the HODL for long

[Sim_card]

Temporarily reducing their weekly budget may reduce portfolio risk slightly, but without a clear exit plan, it is not possible to take the desired profit in the long run, even at the end of a big bull marke

Why will you be reducing your weekly DCA amount when you haven't reached your bitcoin target can continue buying with a higher amount. Reducing your DCA weekly amount isn't going to reduce any portfolio risk rather, hodli and continuous accumulation for 10 years and above will do that for you. Putting in place various backup funds to take care of real life emergency that might be a hindrance to you, you use your emergency funds to solve it.

Lastly, you don't accumulate bitcoin for the sole purpose of selling in the next bull market. It means that you don't have a clear picture of what bitcoin is and her potentials. What's next, when you sell all your bitcoin portfolio because of a surge in price, you will be happy sitting on fiat that losses its purchasing power overtime. When you have invested in one of the best asset in our generation.

That's a trader mentality, a lot of people think that they're long term bitcoin investors but they are nothing different from a trader because they are after buying and selling during the bull run limiting their chances of increasing their bitcoin portfolio overtime and have a good financial strength in future. Many will regret their actions because the bitcoin you bought yesterday and sell in the bull run cannot be bought back at the same price when next you want to buy.

The best way is to have a bitcoin target and use DCA strategy to accumulate bitcoin overtime till you reach your bitcoin target without thinking of selling a dime so that, you can stay focus and not get distracted by little price fluctuations.

[Brizi5000]

That one big mistake some people make, when it comes to bitcoin investment we should know that when an individual is driven with the sole aim of making profit then He is a trader, and when an individual is driven with the sole aim of investing to have a good future then he is regard as an investor, immediately a person who invest with the aim of having a reasonable future begins to think about making profit then his mindset have changed from being an investor  to a trader. So sometimes this cases are common and we know notice that we should the name to tag the person with.

When you busy buying with DCA And you are being consistent about it, so far you are using your discretionary income you won’t be tempted by profit withdrawal because your basic needs are being carted for.

I want to give a slightly different opinion here. Actually, both traders and investors invest with the thought of making  profit, but the problem is not in the mentality of making a profit. A trader wants to make a profit in a short time, wants to get rich quickly by timing the market. But an investor thinks of holding the investment with a long-term mentality. He actually wants to make a profit but does not lose patience. He patiently leaves the short-term price prediction and gets out of the trading mindset and holds for a long time, realistically and logically, depending on his financial situation, follows a convenient method through proper planning, forms a back-up fund and invests. So that he can hold Bitcoin for a long time and continue his investment activities regularly. This is basically the difference between a trader and an investor. Both have the goal of making a profit. One has the mindset and path to make a profit, like risky gambling. The other investor has the mindset of achieving success by making a profit through long-term holding.

i think the problem is in the profit making mentality because if the mentality is surrounded around profit making then the investment might not really stand for long and the little test of time because they will be withdrawing profits at every sight of it causing them to sell off their bitcoin holding whenever they see small profit leaving them with no bitcoin portfolio for the long run. again, since this profit is not a guarantee and they are entering it with a profit making mentality dont you think it will cost panic, fear, anxiety and desperation. for sure, profit is a part of the game but that is not what a long term bitcoin investor should centre his investment upon because thats a traders mindset. a real investor is focused more on accumulating and building a healty portfolio, have a good store of value that will last for years to come. profit is just secondary to them, it is traders that see profit as the primary aim of coming into bitcoin.