JJG’s Outline of Bitcoin Investment Ideas

[SOKO-DEKE]

Selling your bitcoin because you are hit with an emergency means that you didn't plan properly on not selling your bitcoin till you reach your over accumulation stage. It's not a good investment practice to buy Bitcoin and sell at anytime we have emergencies because it means that you're not investing but saving for an emergency because real emergency will keep popping up in future and you will continue selling even at loss if bitcoin price is below your entry.

Sometimes you people talk about life like we live in a simulation. Why do you guys think life is just so black and white? Do you mean there are no situations where a person would need to sell his bitcoin? Emergencies come in different forms. People sell their investments to solve a problem. Problems they never expected and problems that are bigger than their emergency fund. Life is not black and white as you people think. Things don't always go according to plan. You can plan for something and then something else will happen. Selling your investments to solve an emergency problem does not necessarily mean the person did not plan properly. Reality is way different from what you people say here.

Of course, it's good to have an emergency funds and savings difference from your investments, but that doesn't mean life can't happen and force you to take money from your investments to solve the problem. It's not ideal, but that is life. If only ideal things happen in life, the we wouldn't have any issues.

It is very possible for bigger problems to arise that even our emergency funds may not be able to solve. In such situations, we may have to sell some part of our Bitcoin investment or even sell all of it if our portfolio is not that large.but let us remember that one of the main reasons some people sell their Bitcoin too early in wrong time is because they are not well planed for the investment. If a person is not properly planned and prepared, it is very possible that whenever they start their Bitcoin investment journey, they may end up losing their Bitcoin easily.For example, there are some people who always try to be smart by not setting aside money for emergency funds, or by not having any emergency fund at all. They believe that investing the money that should have been used to build an emergency fund will generate better returns. Unfortunately, this approach can negatively affect the investor when unexpected situations arise.You make a good point, but sometimes we also need encouraging words for newbies for them to lay good foundations for their Bitcoin investment that reason that Frankolala  that those that sell Bitcoin to solve problems they never planed well.

[Franctoshi]

Selling your bitcoin because you are hit with an emergency means that you didn't plan properly on not selling your bitcoin till you reach your over accumulation stage. It's not a good investment practice to buy Bitcoin and sell at anytime we have emergencies because it means that you're not investing but saving for an emergency because real emergency will keep popping up in future and you will continue selling even at loss if bitcoin price is below your entry.

You can still prepare and have your emergency funds in place, but don't let life happen to you; you would understand that your emergency funds wouldn't even be enough. Maybe an unexpected illness falls upon you, or a situation where your properties or shop where you run your day-to-day business burns down, just to mention a few. There are many situations that could force one to liquidate their Bitcoin portfolio.

Sometimes you people talk about life like we live in a simulation. Why do you guys think life is just so black and white? Do you mean there are no situations where a person would need to sell his bitcoin? Emergencies come in different forms. People sell their investments to solve a problem. Problems they never expected and problems that are bigger than their emergency fund. Life is not black and white as you people think. Things don't always go according to plan. You can plan for something and then something else will happen. Selling your investments to solve an emergency problem does not necessarily mean the person did not plan properly. Reality is way different from what you people say here.

Of course, it's good to have an emergency funds and savings difference from your investments, but that doesn't mean life can't happen and force you to take money from your investments to solve the problem. It's not ideal, but that is life. If only ideal things happen in life, the we wouldn't have any issues.

Exactly,

[ASloveapg]

Selling your bitcoin because you are hit with an emergency means that you didn't plan properly on not selling your bitcoin till you reach your over accumulation stage. It's not a good investment practice to buy Bitcoin and sell at anytime we have emergencies because it means that you're not investing but saving for an emergency because real emergency will keep popping up in future and you will continue selling even at loss if bitcoin price is below your entry.

You can still prepare and have your emergency funds in place, but don't let life happen to you; you would understand that your emergency funds wouldn't even be enough. Maybe an unexpected illness falls upon you, or a situation where your properties or shop where you run your day-to-day business burns down, just to mention a few. There are many situations that could force one to liquidate their Bitcoin portfolio.

Yes, anything can happen, nothing is impossible, so we must ensure financial preparation. We should never think that we will never face unexpected situations of loss, these are natural phenomena, so we should never ignore the issue of financial security.
Creating an emergency fund is not a difficult task, and it will not set us back much, and at the same time it is not an unnecessary thing, so it should never be underestimated. You must be prepared for emergencies, and you must also create an emergency fund.
Not at the beginning of investment, you start investing first, and along with that, keep creating an emergency fund, it is also possible to create an emergency fund in this way, but it is never a good decision to completely ignore the emergency fund, rather you will have to face losess very soon if you do not create an emergency fund.

[Silikiem]

Selling your bitcoin because you are hit with an emergency means that you didn't plan properly on not selling your bitcoin till you reach your over accumulation stage. It's not a good investment practice to buy Bitcoin and sell at anytime we have emergencies because it means that you're not investing but saving for an emergency because real emergency will keep popping up in future and you will continue selling even at loss if bitcoin price is below your entry.

Sometimes you people talk about life like we live in a simulation. Why do you guys think life is just so black and white? Do you mean there are no situations where a person would need to sell his bitcoin? Emergencies come in different forms. People sell their investments to solve a problem. Problems they never expected and problems that are bigger than their emergency fund. Life is not black and white as you people think. Things don't always go according to plan. You can plan for something and then something else will happen. Selling your investments to solve an emergency problem does not necessarily mean the person did not plan properly. Reality is way different from what you people say here.

Of course, it's good to have an emergency funds and savings difference from your investments, but that doesn't mean life can't happen and force you to take money from your investments to solve the problem. It's not ideal, but that is life. If only ideal things happen in life, the we wouldn't have any issues.

It is very possible for bigger problems to arise that even our emergency funds may not be able to solve. In such situations, we may have to sell some part of our Bitcoin investment or even sell all of it if our portfolio is not that large.but let us remember that one of the main reasons some people sell their Bitcoin too early in wrong time is because they are not well planed for the investment. If a person is not properly planned and prepared, it is very possible that whenever they start their Bitcoin investment journey, they may end up losing their Bitcoin easily.For example, there are some people who always try to be smart by not setting aside money for emergency funds, or by not having any emergency fund at all. They believe that investing the money that should have been used to build an emergency fund will generate better returns. Unfortunately, this approach can negatively affect the investor when unexpected situations arise.You make a good point, but sometimes we also need encouraging words for newbies for them to lay good foundations for their Bitcoin investment that reason that Frankolala  that those that sell Bitcoin to solve problems they never planed well.

Then this is a pure act of greediness coming from an investor whose sole aim of coming into bitcoin investment is to make profit. Greed is one thing that have led so many investors not to succeed in their bitcoin investment as it is capable of causing your investment to collapse along the line. Greediness is the only thing that can make an investor to believe that instead of keeping some cash for emergency funds they will instead use it to buy bitcoin with the mindset that it will generate better returns (profit making mindset).

This is why its been advised here that profit making shouldn’t be the ultimate objective or the main reason why you should invest in bitcoin because the moment that is your major aim then issues like this kind of greed will definitely arise from the investor simply because he wants higher returns thereby making him to neglect the importance of building an emergency funds for his bitcoin investment. No doubt, bitcoin have the potential of generating profits but then it comes with consistency, patience, time. Before you start earning from bitcoin, you have to put in the work that’s required of you, and building the emergency funds is a very vital aspect of protecting our bitcoin investment for long term success.

[Father111]

Right, if an investors back up funds is absolutely not strong then such investors easily get open up to high risk but when the back up funds is strong and totally sufficient then the aggressive buying is a positive approach.

Some investors doesn’t even check if their back up funds is strong enough for aggressive buying they just go into aggressive buying hoping to see a satisfying outcome but they end up in the negative side. Aggressive buying isn’t just what we  wake up one day and go for it we need strong back up funds to keep the risk minimal.

I do agree  with your opinion that strong backup funds make aggressive buying less stressful, but I don't think every investor needs to wait till they build a perfect emergency fund before buying Bitcoin.

For me, the balanced approach is to keep accumulating with discretionary income using  the DCA method and only become more aggressive when my backup funds and financial situation can comfortably support it. That way, I  believe investors can  keep accumulating bitcoin and stay invested without taking unnecessary risks.

Does means investors that doesn't have a strong backup will not actually invest aggressively, we should not be in a hurry to forget so soon that discretionary income is the only option that determine your aggressively of buying Bitcoin and accumulating, not a strong backup, the provision of backup plan is there to cover anything that may leave you with no other options than selling off your investments prematurely.

[whiteblue]

Then this is a pure act of greediness coming from an investor whose sole aim of coming into bitcoin investment is to make profit. Greed is one thing that have led so many investors not to succeed in their bitcoin investment as it is capable of causing your investment to collapse along the line. Greediness is the only thing that can make an investor to believe that instead of keeping some cash for emergency funds they will instead use it to buy bitcoin with the mindset that it will generate better returns (profit making mindset).

This is why its been advised here that profit making shouldn’t be the ultimate objective or the main reason why you should invest in bitcoin because the moment that is your major aim then issues like this kind of greed will definitely arise from the investor simply because he wants higher returns thereby making him to neglect the importance of building an emergency funds for his bitcoin investment. No doubt, bitcoin have the potential of generating profits but then it comes with consistency, patience, time. Before you start earning from bitcoin, you have to put in the work that’s required of you, and building the emergency funds is a very vital aspect of protecting our bitcoin investment for long term success.

Early investors have been building their investments for a long time. Let's say 10 years or more, so those who are greedy now are not new investors but early investors who are taking Profits. They can sell at dips or at lower prices, as many of them probably bought Bitcoin at prices below $10,000.

So, what you said is certainly quite good for us beginners who may be starting a new chapter after making many mistakes in the past. Focusing on not taking profits in the near term is a good point because our purpose is the long term.

A common mistake isn't taking profits, but rather selling all of our holdings, and many people regret that decision. Therefore, if you're satisfied with your Holdings after investing in Bitcoin for the past 10 years, it's better to sell a little and hold for the long term.

[JayJuanGee]

It would be great if we took a bold stance in investing in bitcoin.

Just like aggressively accumulating when prices are falling, This approach accelerates the growth of Bitcoin in our portfolio.

However, If we fail to take the bold stance of Aggressive Buying, it will take a long time to accumulate Bitcoin. As I wrote in this Thread https://bitcointalk.org/index.php?topic=5581686.msg66670723#msg66670723

I wouldn't necessarily say that being aggressive is wrong, but if you are going beyond your discretionary income, that is wrong, because aggressive accumulation with the wrong funds or beyond your discretionary income will be problematic to your Bitcoin investment later in the future, but if you are doing it within the confinement of your discretionary income, then their is no problem about that.
As for dip buying, it's also not a problem if you are not waiting for it before buying, because it's unwise pausing your accumulation and hoping to buy at a dip that we are not sure when it may come, so it's an unwise thing to do, which we should not engage ourselves in.

There is no problem with aggressive buying if it is what you want and you have sufficient discretionary funds to fund it but if you don't have sufficient discretionary funds you should suspend it.

What you are saying makes no sense.  If your discretionary income goes up then you are capable of buying more BTC with the discretionary funds because the amount of funds available is higher.  Having a higher available amount does not cause you to be more aggressive based on having a higher amount available.

The description of aggressive versus whimpy relates to how much a guy chooses to invest within the range of choices that he has available from within the discretionary funds that he has available, so if he has $100 of discretionary funds available every week, then maybe he can choose to invest anywhere between $0 and $100, and of course, if he chooses a higher amount then he is more aggressive relative to if he were to choose a lower amount.

If a guy has $300 of discretionary funds available every week, then his amount is higher and his range of options is higher, yet the mere fact that he chooses to invest more than $100 per week does not cause him to be more aggressive merely because he is investing a higher amount than he was capable of investing earlier..

I think that we should first focus on buying Bitcoin with amount that we can comfortably afford from our discretionary funds, if there is surplus funds at our discretion then we can go for aggressive buying.

Nothing wrong with that idea.

I believe that it is due to the zeal of accumulating many Bitcoin so that it will generate enough profit that drives many people to want to buy aggressively.

Nothing wrong with choosing to buy aggressively.  It is a choice within a tolerable range.  A problem likely would come if a guy goes beyond his tolerable range, whether it was on purpose or due to mistakes... so sometimes it is better to invest less aggressively in order to lessen the odds of overdoing it by mistake.

It doesn't matter what you feel about having a large accumulation of Bitcoin if you cannot afford to buy aggressively it is better to avoid it and concentrate on what you can afford.

You seem to be referring to buying overaggressively, since buying aggressively is a choice within an acceptable range.  There is nothing wrong with guys choosing to buy aggressively as long as they don't overdo it.

Always priotize your basic expenses before any discretionary expenses.

dah.. .Of course.

Investing is done within discretionary funds, so there is an assumption that discretionary funds have already accounted for all basic expenses.  Sure, guys sometimes make mistakes in their calculations, so frequently it is better to not max out their levels, and also it is good to have some cash cushion in case guys make mistakes by overdoing it from time to time. Now if they overdo it on purpose, then that is a different story in which they should be trying to control themselves since we are trying to talk about investing in this thread, not gambling.

[edited out]

People who don't already have their backup funds before they start investing shouldn't be thinking about delaying their investment because they don't have their backup fund especially their emergency fund ready, at the end of the day their investment should be of higher priority than their emergency fund, this is not to diminish the value of having an emergency fund but your investment should come first or you do them together.

I don't have any problem with the idea of building bitcoin faster or greater than emergency funds (back up funds), yet emergency funds/back up funds should not be completely dismissed as if they were not important, since there needs to be some level of back up funds, even if it is a small amount that might be only a few days of expenses, otherwise if the back up funds are zero, then there is no really way to have confidence that the beginner is not investing in bitcoin with non-discretionary funds...

It seems that if the back up funds are at or close to zero, then there may be some need to emphasize back up funds, yet perhaps once the amount put into bitcoin and back up funds might approach some meaningful amount of 1 or 2 weeks of expenses, then probably it could be reasonable to give emphasis towards growing the bitcoin faster than the back up funds..and of course, there is likely going to continue to be a certain amount of risk in having relatively low quantities of back up funds, yet they will help to alleviate the more likely fluctuations in income/expenses, and not really able to protect from the larger fluctuations in income/expenses, yet it is within the judgement of each person to figure out what he considers to be a sufficiently reasonable balance that is likely not to cause him later regrets.

The way people talk about emergency funds is as if they are spending so much on buying Bitcoin, as if there is no emergency, and if any challenge happens the money they are about to use to buy Bitcoin will solve their problems becauseno emergencyfund. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

I see both sides. Personally, I don't think newbies  should should delay Bitcoin investing forever because they hasn't built a full emergency fund yet.

If someone has discretionary income, he can start accumulating small amounts while slowly  building his emergency fund alongside it. That way he doesn't miss out or delay on starting early, and by slowly building his emergency funds he also has some protection against unexpected expenses in the future.

In the very beginning, many of us (and perhaps especially poor people with low levels of discretionary funds) are going to be putting ourselves and our bitcoin holdings at risk by ONLY having small amounts of back up funds, and so we likely need to be careful to make sure that we are not getting greedy or sloppy.. and so the balance is likely not easy, and not everyone can have their problems resolved by increasing their discretionary funds, so they have to work with the funds that they have..

[ruykeri]

Then this is a pure act of greediness coming from an investor whose sole aim of coming into bitcoin investment is to make profit. Greed is one thing that have led so many investors not to succeed in their bitcoin investment as it is capable of causing your investment to collapse along the line. Greediness is the only thing that can make an investor to believe that instead of keeping some cash for emergency funds they will instead use it to buy bitcoin with the mindset that it will generate better returns (profit making mindset).

This is why its been advised here that profit making shouldn’t be the ultimate objective or the main reason why you should invest in bitcoin because the moment that is your major aim then issues like this kind of greed will definitely arise from the investor simply because he wants higher returns thereby making him to neglect the importance of building an emergency funds for his bitcoin investment. No doubt, bitcoin have the potential of generating profits but then it comes with consistency, patience, time. Before you start earning from bitcoin, you have to put in the work that’s required of you, and building the emergency funds is a very vital aspect of protecting our bitcoin investment for long term success.

Early investors have been building their investments for a long time. Let's say 10 years or more, so those who are greedy now are not new investors but early investors who are taking Profits. They can sell at dips or at lower prices, as many of them probably bought Bitcoin at prices below $10,000.

So, what you said is certainly quite good for us beginners who may be starting a new chapter after making many mistakes in the past. Focusing on not taking profits in the near term is a good point because our purpose is the long term.

A common mistake isn't taking profits, but rather selling all of our holdings, and many people regret that decision. Therefore, if you're satisfied with your Holdings after investing in Bitcoin for the past 10 years, it's better to sell a little and hold for the long term.

Spending money on Bitcoin in the hope of making a profit through short-term trading can never be a good decision and mindset. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing. But the thought of short-term profit often takes the investor away from long-term holding and accumulation. This is one of the reasons why investing in Bitcoin is a failure. An investor should have a strong long-term holding mindset from the beginning. And by being motivated with a positive thought of profit, long-term holding and DCA should be given more priority.

[Barikui1]

. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

No I disagree. On the contrary, having profit in mind is not a motivation that may compel you to invest with a long term mindset, because you will be tempted to trade your Bitcoin for short term gains, and it's even more irresponsible to be thinking about profit when you are still in your accumulation stage or nowhere near your over accumulation status, so profit should not be your focus, but seeing it as a store of value, and the opportunity to exercise you self custodian right, not profit that will compel you to sell too early.

[alankasman]

No I disagree. On the contrary, having profit in mind is not a motivation that may compel you to invest with a long term mindset, because you will be tempted to trade your Bitcoin for short term gains, and it's even more irresponsible to be thinking about profit when you are still in your accumulation stage or nowhere near your over accumulation status, so profit should not be your focus, but seeing it as a store of value, and the opportunity to exercise you self custodian right, not profit that will compel you to sell too early.

That's right because those who accumulate Bitcoin only want quick profits. They lack the intention of investing long-term. They only use accumulation as a tool that can generate immediate profits after accumulating Bitcoin.

They always monitor market movements and don't want price declines, arguing that they can always generate profits after accumulating Bitcoin. Therefore they only focus on quick profits and don't consider long-term investment strategies. In contrast to people who have a pattern for making long-term investments they are only busy thinking about how to make money just to continue accumulating so that the number of BTC they have can increase which will become their assets in facing their future by having a large number of assets so that those who think about patterns or ideas like that are certainly much better for them in making profits later when they feel their health is starting to decline but they can enjoy the results of their struggles now because the struggle in making investments now is only for the future for those who do it with a long-term pattern.

[Big Dirams]

Spending money on Bitcoin in the hope of making a profit through short-term trading can never be a good decision and mindset. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing. But the thought of short-term profit often takes the investor away from long-term holding and accumulation. This is one of the reasons why investing in Bitcoin is a failure. An investor should have a strong long-term holding mindset from the beginning. And by being motivated with a positive thought of profit, long-term holding and DCA should be given more priority.

Whoa man that a very silly mindset towards bitcoin investment. It is never a good idea to have the mindset of making profits towards bitcoin holding, having the profits mindset would shift our mindset from the long term towards securing profits when we are in massive greens and the long term journey is to hold and hold for the future securing not securing profits during the way because sincerely that a traders mindset.

Forget about the profits and never prioritize profits at all, and you making the statement of seeing profits as a motivation is totally dumb man. You don’t need motivation during this journey, stay discipline and be consistent with the steady accumulation no need for motivation please.

Many new members are following up this strategies btw so we don’t need to get them confused neither misleading them please man. Never prioritize profits.

[ZeroVinsonN]

. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

No I disagree. On the contrary, having profit in mind is not a motivation that may compel you to invest with a long term mindset, because you will be tempted to trade your Bitcoin for short term gains, and it's even more irresponsible to be thinking about profit when you are still in your accumulation stage or nowhere near your over accumulation status, so profit should not be your focus, but seeing it as a store of value, and the opportunity to exercise you self custodian right, not profit that will compel you to sell too early.

There are people who hold bitcoin solely as a store or value but that's not what motivates every bitcoin investors, the simple truth is that they are people who are investing with the hopes of getting profit from, just because they are hoping for profit doesn't mean they will not be able to hold long term, that assessment is wrong,
One can actually argue that what entices most newbies is the hope of making profit, the understanding that profit isn't guaranteed is a must know though and also that bitcoin isn't a get rich quick scheme so it's okay to want profit as long as you understand that it's a long term plan.

[New Judgement]

It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

It is better that an investor, accumulate his bitcoin without having anything in mind, because it might get to a point were the profit you were having in mind is not coming forth, you will be disappointed, disorganized and possibly give up on your accumulation, because investing in bitcoin and holding it for a long time has no guarantee of profit. You can find other reasons to motivate you to accumulate bitcoin more, but you see that profit remove it from your mind, because it’s under probability and not guaranteed.

[Tongley]

Spending money on Bitcoin in the hope of making a profit through short-term trading can never be a good decision and mindset. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing. But the thought of short-term profit often takes the investor away from long-term holding and accumulation. This is one of the reasons why investing in Bitcoin is a failure. An investor should have a strong long-term holding mindset from the beginning. And by being motivated with a positive thought of profit, long-term holding and DCA should be given more priority.

Whoa man that a very silly mindset towards bitcoin investment. It is never a good idea to have the mindset of making profits towards bitcoin holding, having the profits mindset would shift our mindset from the long term towards securing profits when we are in massive greens and the long term journey is to hold and hold for the future securing not securing profits during the way because sincerely that a traders mindset.

Forget about the profits and never prioritize profits at all, and you making the statement of seeing profits as a motivation is totally dumb man. You don’t need motivation during this journey, stay discipline and be consistent with the steady accumulation no need for motivation please.

Many new members are following up this strategies btw so we don’t need to get them confused neither misleading them please man. Never prioritize profits.

Of course we invest with the intention of profiting from Bitcoin. We have to learn to control ourselves, if we cannot control ourselves and withdraw our entire profit or withdraw our investment, then it is not the right decision at all. We have to control ourselves and ignore the small profits and move forward. But maybe the main purpose of each of us is to make a profit.

But yes, if a person invests and before the expiry of his investment period, if his investment continues to make a profit of 1 or 2 times, then he can withdraw some amount of money and enjoy it. But if he becomes greedy while enjoying the profit and is willing to sell the entire amount, then this will not be the right decision for him at all. Those who cannot control themselves should continue to buy continuously without paying attention to the profit

[Jody.Drummer]

Then this is a pure act of greediness coming from an investor whose sole aim of coming into bitcoin investment is to make profit. Greed is one thing that have led so many investors not to succeed in their bitcoin investment as it is capable of causing your investment to collapse along the line. Greediness is the only thing that can make an investor to believe that instead of keeping some cash for emergency funds they will instead use it to buy bitcoin with the mindset that it will generate better returns (profit making mindset).

This is why its been advised here that profit making shouldn’t be the ultimate objective or the main reason why you should invest in bitcoin because the moment that is your major aim then issues like this kind of greed will definitely arise from the investor simply because he wants higher returns thereby making him to neglect the importance of building an emergency funds for his bitcoin investment. No doubt, bitcoin have the potential of generating profits but then it comes with consistency, patience, time. Before you start earning from bitcoin, you have to put in the work that’s required of you, and building the emergency funds is a very vital aspect of protecting our bitcoin investment for long term success.

Early investors have been building their investments for a long time. Let's say 10 years or more, so those who are greedy now are not new investors but early investors who are taking Profits. They can sell at dips or at lower prices, as many of them probably bought Bitcoin at prices below $10,000.

So, what you said is certainly quite good for us beginners who may be starting a new chapter after making many mistakes in the past. Focusing on not taking profits in the near term is a good point because our purpose is the long term.

A common mistake isn't taking profits, but rather selling all of our holdings, and many people regret that decision. Therefore, if you're satisfied with your Holdings after investing in Bitcoin for the past 10 years, it's better to sell a little and hold for the long term.

Spending money on Bitcoin in the hope of making a profit through short-term trading can never be a good decision and mindset. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing. But the thought of short-term profit often takes the investor away from long-term holding and accumulation. This is one of the reasons why investing in Bitcoin is a failure. An investor should have a strong long-term holding mindset from the beginning. And by being motivated with a positive thought of profit, long-term holding and DCA should be given more priority.

The mindset that you said is not wrong because indeed the goal is for profit but in my opinion do not set the mindset entirely on profit, I think if this is done with a focus on profit it is likely that you will be easy to sell it when there is already a profit you get even if it is not much, this is like leading to the short term while what is better is the long term. And having a profit mindset will not motivate one to hold and invest for the long term. A person who is motivated to invest in the long term is not focused on thinking about profits, but rather other things such as storing future assets.

[Sticky Bomb]

. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

No I disagree. On the contrary, having profit in mind is not a motivation that may compel you to invest with a long term mindset, because you will be tempted to trade your Bitcoin for short term gains, and it's even more irresponsible to be thinking about profit when you are still in your accumulation stage or nowhere near your over accumulation status, so profit should not be your focus, but seeing it as a store of value, and the opportunity to exercise you self custodian right, not profit that will compel you to sell too early.

I doubt you were patient enough to read through his writeup, he was talking about motivation to keep up with the investment long-term and that when you know that you could profit from bitcoin investment, you would want to keep going and I agree with him, different people have different motivating factor that both brings them into bitcoin and sustains their desire to keep accumulating and as long as that factor doesn't lead you into buying high and selling low, over aggressiveness and using the waiting strategy very early in your investment journey e.t.c and it keeps you committed to your consistent buys and long-term holding plan, then such a motivation is worth holding on to.

[Ishicryptic]

It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

It is better that an investor, accumulate his bitcoin without having anything in mind, because it might get to a point were the profit you were having in mind is not coming forth, you will be disappointed, disorganized and possibly give up on your accumulation, because investing in bitcoin and holding it for a long time has no guarantee of profit. You can find other reasons to motivate you to accumulate bitcoin more, but you see that profit remove it from your mind, because it’s under probability and not guaranteed.

There should be a balance to everything in life so it's not as if you shouldn't have profit somewhere in your mind as a Bitcoin investor but it shouldn't overshadow your reasoning to understand that Bitcoin is a volatile asset which although has the potentials of being profitable on the long term but there is no guarantee. If you're being factual as an experienced person in the crypto market will know that what determines where Bitcoin is at every point is demand and supply, if for any reasons we have excessive supply price will slump drastically and the market will crash.

If there is no fundamentals to propel demand for price increase we won't see a recovery, maybe another store of value could overtake the demand for Bitcoin, we're not sure but we have to be ready for any possibilities. Despite the risks of investing in Bitcoin for the long term it's potentials as a store of value cannot be overlooked.

[Supreme Donvic]

. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

No I disagree. On the contrary, having profit in mind is not a motivation that may compel you to invest with a long term mindset, because you will be tempted to trade your Bitcoin for short term gains, and it's even more irresponsible to be thinking about profit when you are still in your accumulation stage or nowhere near your over accumulation status, so profit should not be your focus, but seeing it as a store of value, and the opportunity to exercise you self custodian right, not profit that will compel you to sell too early.

True, if you have the mindset of profit making in Bitcoin investment you will end up selling your Bitcoin early however what you should have at the back of your mind when investing in Bitcoin that we motivate you to continue accumulating and holding for a very long time is when you see Bitcoin investment at your future assets this way you will hold your Bitcoin for a very long time and not even minding the profit that may come out from it because all your focus will be on having a future asset that may even be an inheritance to your children.

[Halifat]

Spending money on Bitcoin in the hope of making a profit through short-term trading can never be a good decision and mindset. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing. But the thought of short-term profit often takes the investor away from long-term holding and accumulation. This is one of the reasons why investing in Bitcoin is a failure. An investor should have a strong long-term holding mindset from the beginning. And by being motivated with a positive thought of profit, long-term holding and DCA should be given more priority.

For over a decade now Bitcoin have been doing well more than any other coin, if investor Fail in Bitcoin investment it will either be they took a wrong approach or the strategy they used.

Emphasizing on profit mindset is a very wrong idea towards bitcoin investment because this will allow you not to hold for a very long term because immediately you discovered you have something on top you would like to sell it immediately just because of the profit. Investing in bitcoin for a very short time is actually a bad idea because it will frustrate your investment, especially when there is volatile.

When it comes to bitcoin investment, long-term approach is always the best since you can easily accumulate more Bitcoin with DCA strategy. You will not be frustrated in your investment even though you encounter any volatile, because at that moment you will use that as an advantage for you to accumulate more and again it also help you to accumulate more even when the prices is high, since already you have set up your target.

[Princess Leah]

. It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

No I disagree. On the contrary, having profit in mind is not a motivation that may compel you to invest with a long term mindset, because you will be tempted to trade your Bitcoin for short term gains, and it's even more irresponsible to be thinking about profit when you are still in your accumulation stage or nowhere near your over accumulation status, so profit should not be your focus, but seeing it as a store of value, and the opportunity to exercise you self custodian right, not profit that will compel you to sell too early.

That's a very wrong statement and he should desist from that mentality cause it would cause more harm to his investment journey than good, those are the kind of ideas that make people sell at lose cause they might likely panic on the long run when volatility test their patience like it's doing currently.

 The journey of a thousand miles starts with a step but some people want to reach their destination without taking a step, that's how people who think about profits when they're not close to overaccumulation phase look like and it's not a healthy way to invest cause their mindset should be focused on the goal instead of the reward which comes afterwards.