JJG’s Outline of Bitcoin Investment Ideas

[CageMabok]

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There's no point talking about this matter as if there's anything wrong with making profit in Bitcoin and there's no point trying to separate profit making from Bitcoin investment. When you say Bitcoin investment there's tendency for bull or bear what so ever be the reason for investing. But somehow when talking about profit it is easily associated with quick profit as many newbies easily have in mind when hoping to start with Bitcoin or when thinking of Bitcoin. However, long-term holding will bull or bear making profit or lose a part of Bitcoin venture (no matter the reason) but this is not in anyway trying to equalize long-term holding and short-term holding because the difference is clear (short-term holding is usually associated with loses and long-term holding is usually associated with profit).

I think it's perfectly normal for most people to begin to associate gains and losses over a certain period of time when they start investing in Bitcoin. Because short-term holding and long-term holding will certainly have very different effects, and the potential gains, as well as the effects of losses, will generally never be the same. So I think such things shouldn't be a problem, because fundamentally, every investor who wants to invest, or has already invested in Bitcoin, certainly has a hope they're looking forward to in the future.

It's highly unlikely that investors will invest their time and capital if the potential returns aren't clear, even though Bitcoin doesn't inherently promise initial returns for its holders. However, past evidence clearly demonstrates that every four-year cycle consistently yields substantial returns for those who patiently hold Bitcoin after gradually acquiring it through specific methods.

[KeenanEl19]

Waiting before accumulating when you have everything that is needed has always been a no! Because a lot of big opportunities someone would have used to increase or grow their portfolio will be missed out, that is why it is not advisable to wait and sometimes people that wait may not be really interested in Bitcoin investment because if you are serious and interested in something you would definitely start since everything is already in place. However, Bitcoin can be accumulated at any time but starting early gives more advantage.

I’m not sure when the ideal time to invest is. Some people might wait for prices to drop, as that could be the right time to buy, but in my opinion, it’s also an opportunity to accumulate more as long as you don’t exceed a certain budget (based on your discretionary funds). The thing is we don’t know exactly when that will happen, or it might not happen at all, So it’s better to do it right away than to wait.

By consistently using the DCA (Dollar Cost Averaging) strategy, this can be done with small amounts, so there’s no need to wait until everything is perfectly aligned. Essentially, we buy consistently without being swayed by price fluctuations. Buying on a weekly or monthly basis is a viable option when using the DCA (Dollar Cost Averaging) strategy.

[Halifat]

It is very wrong and not advisable to use money outside your discrestionary income to be aggressive in Bitcoin because what the person is doing is trading and not really being aggressive in Bitcoin investment. However, we should only be aggressive with our discretionary income and not with money meant for other expenses or needs. And the mistake some people make is that they don't know that, it is only wise and advisable to be aggressive when you have a huge amount of money in your discretionary.

I definitely understand your point here because some people failed during their bitcoin investment just because they invest out of their discretionary income, so we should not be aggressive to invest out of a discretionary income, that will actually be the beginning of your downfall because there are necessary expenses which you must covered and if it is not being handled definitely you will turn back to your investment. Bitcoin investment should be a long-term investment because you can see how it continent to have more values continuously,

Bitcoin is a long-term asset, you don't need to own a lot of wealth to invest in it to survive, you can start small according to your ability and build your income base through hard work. This will set you apart from those investors who jump into it without being fully prepared to invest.

If I can understand what you're trying to explain here is the use of DCA strategy, so far this is the best strategy when it comes to bitcoin investment because this strategy have help a lot of people who doesn't have dream of accumulating Bitcoin due to its price, a lot of people are running away from bitcoin investment because they believe that you can only invest when you have big money, but nowadays people getting to realize that this strategy make things easier for them and it has also create more awareness that bitcoin is for everybody but the poor and the rich.

[Xackie]

Waiting before accumulating when you have everything that is needed has always been a no! Because a lot of big opportunities someone would have used to increase or grow their portfolio will be missed out, that is why it is not advisable to wait and sometimes people that wait may not be really interested in Bitcoin investment because if you are serious and interested in something you would definitely start since everything is already in place. However, Bitcoin can be accumulated at any time but starting early gives more advantage.

I’m not sure when the ideal time to invest is. Some people might wait for prices to drop, as that could be the right time to buy, but in my opinion, it’s also an opportunity to accumulate more as long as you don’t exceed a certain budget (based on your discretionary funds). The thing is we don’t know exactly when that will happen, or it might not happen at all, So it’s better to do it right away than to wait.

By consistently using the DCA (Dollar Cost Averaging) strategy, this can be done with small amounts, so there’s no need to wait until everything is perfectly aligned. Essentially, we buy consistently without being swayed by price fluctuations. Buying on a weekly or monthly basis is a viable option when using the DCA (Dollar Cost Averaging) strategy.

Many times some of the mistakes people make  is  believing that, there will always be a better time to buy. The dip isn't something that someone can just predict correctly, the market at times moves unexpectedly. Prices may go lower, or they may never return to the level you're waiting for. Although buying the dip isn't bad, but it shouldn't lead you to where you will stop accumulating through DCA. Stopping  your consistent accumulation while waiting to buy the dip can leave you watching from the sidelines as the market moves higher.  Better way to do it is keep on with DCA  accumulation and see dips as a bonus opportunity instead of something you are waiting for. If a dip eventually happens, you can increase your DCA amount to increase your position or keeping a small percentage of your investment budget in reserve for major dips. If the dip doesn't happen , your regular DCA still got you covered.

[Queen uloma]

Waiting before accumulating when you have everything that is needed has always been a no! Because a lot of big opportunities someone would have used to increase or grow their portfolio will be missed out, that is why it is not advisable to wait and sometimes people that wait may not be really interested in Bitcoin investment because if you are serious and interested in something you would definitely start since everything is already in place. However, Bitcoin can be accumulated at any time but starting early gives more advantage.

I’m not sure when the ideal time to invest is. Some people might wait for prices to drop, as that could be the right time to buy, but in my opinion, it’s also an opportunity to accumulate more as long as you don’t exceed a certain budget (based on your discretionary funds). The thing is we don’t know exactly when that will happen, or it might not happen at all, So it’s better to do it right away than to wait.

By consistently using the DCA (Dollar Cost Averaging) strategy, this can be done with small amounts, so there’s no need to wait until everything is perfectly aligned. Essentially, we buy consistently without being swayed by price fluctuations. Buying on a weekly or monthly basis is a viable option when using the DCA (Dollar Cost Averaging) strategy.

Many times some of the mistakes people make  is  believing that, there will always be a better time to buy. The dip isn't something that someone can just predict correctly, the market at times moves unexpectedly. Prices may go lower, or they may never return to the level you're waiting for. Although buying the dip isn't bad, but it shouldn't lead you to where you will stop accumulating through DCA. Stopping  your consistent accumulation while waiting to buy the dip can leave you watching from the sidelines as the market moves higher.  Better way to do it is keep on with DCA  accumulation and see dips as a bonus opportunity instead of something you are waiting for. If a dip eventually happens, you can increase your DCA amount to increase your position or keeping a small percentage of your investment budget in reserve for major dips. If the dip doesn't happen , your regular DCA still got you covered.

I Agree with you, one mistake many investors make is to wait for  the perfect dip before buying bitcoin, but the truth is that no one can predict market movement accurately all the time. sometimes. The perfect time many  investors  wait for may not even come  and before you know it price will move far from where it was before. That’s why DCA method is very important. It removes emotional and guesswork from investing because you are buying consistently whether the market goes up or down. If the dip comes it is a nice opportunity to buy more at a cheap price, but it doesn’t stop you from your regular accumulation.

[Rockson1]

I Agree with you, one mistake many investors make is to wait for  the perfect dip before buying bitcoin, but the truth is that no one can predict market movement accurately all the time. sometimes. The perfect time many  investors  wait for may not even come  and before you know it price will move far from where it was before. That’s why DCA method is very important. It removes emotional and guesswork from investing because you are buying consistently whether the market goes up or down. If the dip comes it is a nice opportunity to buy more at a cheap price, but it doesn’t stop you from your regular accumulation.

Since no one can give an accurate prediction about the market is that not a good reason why people should desist from waiting for the something that they can not actually say it's direction at anytime, whenever I hear some people talk about anoy perfect dip it makes me think that they are ignorant or they are trying to be smart which might end up ruining their investment plans, what is wrong about one buying with his discreationary income on a regular bases with the help of the DCA method, I do not know why some investors choose to deal themselves for nothing, the DCA method is there and as a matter of fact we know how efficient it is to use that method to accumulate Bitcoin, whats then the reason for waiting for a particular period you can as well buy while investing with the DCA method.

[LodBtcFast55]

I’m not sure when the ideal time to invest is. Some people might wait for prices to drop, as that could be the right time to buy, but in my opinion, it’s also an opportunity to accumulate more as long as you don’t exceed a certain budget (based on your discretionary funds). The thing is we don’t know exactly when that will happen, or it might not happen at all, So it’s better to do it right away than to wait.

By consistently using the DCA (Dollar Cost Averaging) strategy, this can be done with small amounts, so there’s no need to wait until everything is perfectly aligned. Essentially, we buy consistently without being swayed by price fluctuations. Buying on a weekly or monthly basis is a viable option when using the DCA (Dollar Cost Averaging) strategy.

Investing in the DCA strategy will be more suitable for you than sitting around because you will only waste time waiting for the right time, but you can progress by investing slowly and consistently, at the same time if you maintain consistency you will get more when the price of Bitcoin is low and you will get less when it is high, as a result your buying and selling price becomes balanced, at the same time you will gain skill while staying with the market.

[Charcol]

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There's no point talking about this matter as if there's anything wrong with making profit in Bitcoin and there's no point trying to separate profit making from Bitcoin investment. When you say Bitcoin investment there's tendency for bull or bear what so ever be the reason for investing. But somehow when talking about profit it is easily associated with quick profit as many newbies easily have in mind when hoping to start with Bitcoin or when thinking of Bitcoin. However, long-term holding will bull or bear making profit or lose a part of Bitcoin venture (no matter the reason) but this is not in anyway trying to equalize long-term holding and short-term holding because the difference is clear (short-term holding is usually associated with loses and long-term holding is usually associated with profit).

It's highly unlikely that investors will invest their time and capital if the potential returns aren't clear, even though Bitcoin doesn't inherently promise initial returns for its holders. However, past evidence clearly demonstrates that every four-year cycle consistently yields substantial returns for those who patiently hold Bitcoin after gradually acquiring it through specific methods.

Calculating profits from the savings stage can often lure new investors into the trap of price. When a new investor who has not yet accumulated enough Bitcoin, the important thing for him is whether he is able to save according to his ability. Being in the savings stage and the profit stage are not the same thing. If you have not yet been able to accumulate a significant amount of Bitcoin but still have a small amount of Bitcoin, you will see a profit if the price increases. But that profit is probably not enough to meet your long-term goals. In this situation, thinking about profits can lead you to deviate from your original plan.

Another thing is that just because Bitcoin has done well in every cycle in the past, it is not right to assume that every cycle in the future will also have a substantial return. Although Bitcoin is a potentially strong asset in the long run, you need to understand that Probability and guarantee are not the same thing. When discussing such a concept, newbies can think that if they just hold it for a few years, they will definitely make a profit. And they can end up diving into the market with wrong expectations.

[BluebloodCXVI]

When a person assesses how whimpy or how aggressive he wants to be, these are relative assessments, so he could determine in degrees.. .

So a person who is investing whimpily might ONLY be investing 10% of his discretionary funds into bitcoin, and a person who is investing more than 10% is investing more aggressive than the one who is investing whimpily.

At some point, the person could overdo his level of aggressiveness, so surely we might consider 100% of the discretionary funds to be the maximum that he could be aggressive, yet even anywhere between 80% or higher could be over aggressive if he is not sufficiently building up his back up funds, so if he does not have much if any back up funds, then if he makes a mistake and invests too aggressively into bitcoin, then he might not have a sufficient amount of funds to take care of some extra expenses that might arise prior to his next paycheck.

Assessments of what is aggressive or not are up to the discretion of each of us to make in terms of our balancing, and yeah, we might not realize that we were being too aggressive until some kind of a situation were to happen in which we lost income and/or had increases in our expenses... so sometimes guys might be investing in an overly aggressive way without realizing it until some event of loss of income and/or increase in expenses were to take place.

Guys can do whatever they like, and if they make mistakes those mistakes are on them.  Frequently guys in this thread, including myself, will attempt to provide some guidance, and frequently I will suggest that guys try to invest as aggressively as they can without over doing it, yet there is no objective ability to proclaim what is too much and what is not, so guys have to figure out those balances, and if guys are investing in bitcoin and they are not leaving enough for their back up funds and/or their discretionary consumption, then they could suffer from financial and/or psychological problems related to their not practicing a sufficiently balanced cash flow management system.

I think that you have highlighted something that a lot of people always overlook. It is certainly easy to look back and say that someone was too aggressive or was not aggressive enough, but those judgments are usually only clear after the fact because what may feel like a comfortable allocation today can suddenly feel uncomfortable when an unexpected expense just shows up or perhaps the person’s income takes a hit. That's why I would say that there isn't a magic percentage that can work for everybody. Two people could invest the exact same percentage of their discretionary income and one could be taking a sensible risk while the other is stretching themselves too thin. And just like you said, a lot  of people tend to focus only on maximizing their Bitcoin position, but they now forget that having enough cash reserves to handle life's surprises is what allows someone to still stay invested when things get tough and without that reserve cushion, even a strong conviction can falter.
For me, i believe that being aggressive isn't supposed to just be about throwing every available dollar into Bitcoin, but It should be about finding the highest level of investment you can sustain without constantly worrying about bills, emergencies, or being forced to sell at the wrong time. That balance will look different for everyone, which is why an investors personal judgment is very important.

[Shadiq]

Since no one can give an accurate prediction about the market is that not a good reason why people should desist from waiting for the something that they can not actually say it's direction at anytime, whenever I hear some people talk about anoy perfect dip it makes me think that they are ignorant or they are trying to be smart which might end up ruining their investment plans, what is wrong about one buying with his discreationary income on a regular bases with the help of the DCA method, I do not know why some investors choose to deal themselves for nothing, the DCA method is there and as a matter of fact we know how efficient it is to use that method to accumulate Bitcoin, whats then the reason for waiting for a particular period you can as well buy while investing with the DCA method.

In terms of investment strategy, I do not want to impose my opinion on anyone, everyone has the freedom to adopt their own strategy to invest. We cannot even call any strategy bad or those with different strategies ignorant. Maybe an investor is waiting to catch a dip who has already succeeded in reaching his goal, now he is just investing extra time, there is nothing wrong with waiting for such investors to buy dips, because they are very experienced about the market. They may know when they should buy.

However, I never advise a new investor to wait to buy, but rather, you can be regular in investing by setting DCA (weekly, bi-weekly, tri-weekly, monthly or quarterly) according to your situation, I think this is the best investment strategy for them. Since they do not have much experience about the market, they should not wait for the dip market. To be aggressive in investing, they can build a fund according to their ability, with which they can take advantage of the dip opportunity when it arises.

[Sim_card]

Investing in the DCA strategy will be more suitable for you than sitting around because you will only waste time waiting for the right time, but you can progress by investing slowly and consistently, at the same time if you maintain consistency you will get more when the price of Bitcoin is low and you will get less when it is high, as a result your buying and selling price becomes balanced, at the same time you will gain skill while staying with the market.

I don't understand what you mean by the buying and selling price will become balanced just because you are investing with DCA consistently and persistently. Are you buying to sell in a short time instead, of buying and hodli for the future when Bitcoin price will become very expensive.

Bitcoin is a long term asset that increases in value overtime, therefore newbies shouldn't be short sighted and think that when you have bought and increase you bitcoin size, you should sell in the next bull run, No. Bitcoin saves the value of your money from inflation, therefore keeping the value of your money from inflation in a very long time is the best with bitcoin instead, of thinking how to sell your bitcoin and hold Fiat. You will lose in the long run as Fiat depreciate overtime.

A brand new investor should have a bitcoin target that he wants to accumulate and focus on reaching his bitcoin target so that, he doesn't get distracted with the increase in bitcoin price when he hasn't reached his target. Also you are only to sell when you have reached your over accumulation stage and you are to tap profit with a sustainable withdrawal method.

[B-BossMan]

Personally, I like the idea of trying to figure out ways to buy bitcoin every week, especially for guys who consider themselves to be relatively early in their bitcoin accumulation process, maybe even for guys in their first 4-6 years of accumulating bitcoin, and sure from time to time, guys might receive extra funds in which they want to lump sum invest with those funds, and so if guys have systems set up in which they are regularly buying bitcoin they can assess their bitcoin accumulation progress, and surely there can be trade-offs in any of the three bitcoin buying approaches of DCA, lump sum and/or buying on dips...and guys can figure out if they have situations in which they prefer to emphasize one of the bitcoin buying approaches over another, and of course, there may be guys who sometimes will receive extra money - maybe 2 or 3 times a year they get bonuses or maybe they receive some kind of an inheritance or they get lucky in some business deal that gives them a lot of money to be available at once, and in those situations, it truly would be good to explore the trade offs in buying right away, DCAing and/or buying on dips.

Many guys also likely have heard me previously assert that I don't like the idea of changing levels of aggressiveness based on perceptions of price dips, yet surely guys do have inclinations to want to buy on dips and to buy more aggressively during dips.  It can be dangerous to over do such changes, yet guys are surely free to make their own determinations to the extent that they believe changing their level of aggressiveness might be preferable under certain market conditions.

The real advantages actually comes from building a Bitcoin position that wo4ks regardless of market conditions. A weekly bitcoin buying truly creat a measurable part forward  because it makes accumulation into a habit rather than a decision must be made over and over again, the facts is when you knows that every week more bitcoin is being added to your holdings, definitely progress becomes easier to track and disciplines becomes so easy to maintain. Funds like bonuses or unexpected profit or any other cashflows can be treated separately and that may justify a lump sum purchase or a more aggressive allocation if the person I comfortable doing so.  However those kinds of opportunities should be seen as an additions to the initial plan not a replacement for it.

The most challenges that some investors are facing is not finding the perfect entry, but staying consistent over several years is thier problem. Having a strong and solid weekly accumulation removes much of stress and also guesswork that come on trying to predict the perfect market movements. Moreover consistency actually produces a better long-term results than constantly adjusting plans based on the short time market expectations.

[Lembo69]

Personally, I like the idea of trying to figure out ways to buy bitcoin every week, especially for guys who consider themselves to be relatively early in their bitcoin accumulation process, maybe even for guys in their first 4-6 years of accumulating bitcoin, and sure from time to time, guys might receive extra funds in which they want to lump sum invest with those funds, and so if guys have systems set up in which they are regularly buying bitcoin they can assess their bitcoin accumulation progress, and surely there can be trade-offs in any of the three bitcoin buying approaches of DCA, lump sum and/or buying on dips...and guys can figure out if they have situations in which they prefer to emphasize one of the bitcoin buying approaches over another, and of course, there may be guys who sometimes will receive extra money - maybe 2 or 3 times a year they get bonuses or maybe they receive some kind of an inheritance or they get lucky in some business deal that gives them a lot of money to be available at once, and in those situations, it truly would be good to explore the trade offs in buying right away, DCAing and/or buying on dips.

Many guys also likely have heard me previously assert that I don't like the idea of changing levels of aggressiveness based on perceptions of price dips, yet surely guys do have inclinations to want to buy on dips and to buy more aggressively during dips.  It can be dangerous to over do such changes, yet guys are surely free to make their own determinations to the extent that they believe changing their level of aggressiveness might be preferable under certain market conditions.

The real advantages actually comes from building a Bitcoin position that wo4ks regardless of market conditions. A weekly bitcoin buying truly creat a measurable part forward  because it makes accumulation into a habit rather than a decision must be made over and over again, the facts is when you knows that every week more bitcoin is being added to your holdings, definitely progress becomes easier to track and disciplines becomes so easy to maintain. Funds like bonuses or unexpected profit or any other cashflows can be treated separately and that may justify a lump sum purchase or a more aggressive allocation if the person I comfortable doing so.  However those kinds of opportunities should be seen as an additions to the initial plan not a replacement for it.

The most challenges that some investors are facing is not finding the perfect entry, but staying consistent over several years is thier problem. Having a strong and solid weekly accumulation removes much of stress and also guesswork that come on trying to predict the perfect market movements. Moreover consistency actually produces a better long-term results than constantly adjusting plans based on the short time market expectations.

In Bitcoin, only those who invest for the long term and maintain continuity of investment can earn a good profit. Many people think that they will buy it outright, although they may have sufficient assets, but buying it outright will not be right. The reason for this is that buying Bitcoin in a large amount does not give you knowledge about the market. And you do not get a correct idea about the market. By buying small amounts, you can learn about the market, you can be aware of the market cycle. Continuity depends on buying these small investments. Because only by buying small amounts can you maintain continuity.

[SuperBitMan]

I’m not sure when the ideal time to invest is. Some people might wait for prices to drop, as that could be the right time to buy, but in my opinion, it’s also an opportunity to accumulate more as long as you don’t exceed a certain budget (based on your discretionary funds). The thing is we don’t know exactly when that will happen, or it might not happen at all, So it’s better to do it right away than to wait.

By consistently using the DCA (Dollar Cost Averaging) strategy, this can be done with small amounts, so there’s no need to wait until everything is perfectly aligned. Essentially, we buy consistently without being swayed by price fluctuations. Buying on a weekly or monthly basis is a viable option when using the DCA (Dollar Cost Averaging) strategy.

Investing in the DCA strategy will be more suitable for you than sitting around because you will only waste time waiting for the right time, but you can progress by investing slowly and consistently, at the same time if you maintain consistency you will get more when the price of Bitcoin is low and you will get less when it is high, as a result your buying and selling price becomes balanced, at the same time you will gain skill while staying with the market.

There are things that are a big waste of time for new investors to do:

1. Waiting for Dip before investing: if you are a new investor and you are planning on waiting for bitcoin to go below this price you are simply wasting your time and slowing down your investment, the best thing to do is to use DCA strategy and invest consistently if you really want to be successful.

2. Wanting to know everything before investing: as a new investor if you want to know everything about bitcoin investment before you investing then you are simply wasting your time because you can’t know or have all the knowledge about bitcoin investment without investing, if you know how to Buy bitcoin you are ready for bitcoin investment, when you have started you will know other things needed.

[Sticky Bomb]

I’m not sure when the ideal time to invest is. Some people might wait for prices to drop, as that could be the right time to buy, but in my opinion, it’s also an opportunity to accumulate more as long as you don’t exceed a certain budget (based on your discretionary funds). The thing is we don’t know exactly when that will happen, or it might not happen at all, So it’s better to do it right away than to wait..

The ideal time to buy is the moment you can identify to having discretionary income and you know how to buy. There's no need for the delay, you can always use DCA to buy periodically and keep advancing gently in your accumulation journey. It's best to start buying immediately and maintain consistency, those who start with waiting are timing the market and that's a trading mindset and not that of an investor. If such dip they're anticipating doesn't end up happening, they remain no coiners for longer and miss out on buying Bitcoin for that timeframe and this isn't the right way to start your investment journey.

I definitely understand your point here because some people failed during their bitcoin investment just because they invest out of their discretionary income, so we should not be aggressive to invest out of a discretionary income, that will actually be the beginning of your downfall because there are necessary expenses which you must covered and if it is not being handled definitely you will turn back to your investment. Bitcoin investment should be a long-term investment because you can see how it continent to have more values continuously,

Aggressive buys is done within the confinement of your discretionary income, that is being able to commit a larger chunk of your discretionary income to buying Bitcoin and this should be fine from a place of comfort. Going above your discretionary income to buy is overaggressiveness and such is highly discouraged because it cannot be sustained for longer and your portfolio is at risk of being tampered at a time you didn't choose to attend to such expenses that was not considered prior to committing funds into buying Bitcoin and this can depreciate your portfolio.

[Ashawowo(OS)]

Investing in the DCA strategy will be more suitable for you than sitting around because you will only waste time waiting for the right time, but you can progress by investing slowly and consistently, at the same time if you maintain consistency you will get more when the price of Bitcoin is low and you will get less when it is high as a result your buying and selling price becomes balanced, at the same time you will gain skill while staying with the market.

DCA is about buying consistently for a longer period of time, buying the highs and lows and as a result, your buy amount is averaged nicely and the effect of Bitcoin price volatility is smoothened out on your investment while you're able to build out a decent portfolio for yourself on the long-run with your consistent buys. DCA doesn't account for selling your investment prematurely. If you're buying with the intention of selling when the price goes a bit high, then you're not DCAing but trading your portfolio and such isn't a good practice for investors.

In DCA, you accumulate Bitcoin consistently until you've reached your target quantity and/or exhausted your holding period, then you can start withdrawing sustainably from your investment. There's no need to rush at profits or sell your investment in the short-term, of you do do, you risk ending up with fewer coins than supposed it no coin at all and make a mess of your investment journey. Bitcoin is better engaged with a long-term approach, and going for the long-term in it has a better chance at success and bigger profitability.

[LodBtcFast55]

In Bitcoin, only those who invest for the long term and maintain continuity of investment can earn a good profit. Many people think that they will buy it outright, although they may have sufficient assets, but buying it outright will not be right. The reason for this is that buying Bitcoin in a large amount does not give you knowledge about the market. And you do not get a correct idea about the market. By buying small amounts, you can learn about the market, you can be aware of the market cycle. Continuity depends on buying these small investments. Because only by buying small amounts can you maintain continuity.

Yes, if you jump into the market completely, you can panic due to the volatile nature of Bitcoin and you can also get hurt. You can sell Bitcoin at your loss. You can use the DCA strategy to invest and move forward slowly. If you invest, it is all about maintaining responsibility and always being aware. You will endure in different ways here. But if you jump into it completely, if you continue to be consistent in small amounts, you will be able to experience and understand more about Bitcoin and observe its past better.

[Jewan420]

Yes, if you jump into the market completely, you can panic due to the volatile nature of Bitcoin and you can also get hurt. You can sell Bitcoin at your loss. You can use the DCA strategy to invest and move forward slowly. If you invest, it is all about maintaining responsibility and always being aware. You will endure in different ways here. But if you jump into it completely, if you continue to be consistent in small amounts, you will be able to experience and understand more about Bitcoin and observe its past better.

What do you mean by "Jump into the market completely"? Do you mean jumping into the market within your means? Or are you talking about jumping into the market beyond your means?

I don't see any harm in jumping into the market within your means, but if you are completely new to investing, you can start with a small amount. It doesn't matter that you have to start with a small amount, if you have confidence in Bitcoin and you can dare to HODL for the long term, then you can invest in a large amount in the beginning.

You should never invest beyond your means, whether you are new to investing or old, it is better to understand your position and invest within your means. By investing beyond your means, you are definitely putting your investment fund at risk.

[Grease5000]

Bitcoin is definitely an asset but the main reason to invest in Bitcoin is to make a profit. Bitcoin is not a land that we can buy and build a house on in the future and live there. But by investing in Bitcoin we can get enough money to buy 10 such houses if we are able to hold it for a long time. But I am not saying that if we hold it for a long time we will be profitable. Our main goal is to make a profit from Bitcoin.

It would be better that you speak for yourself than generalizing it that our main goal is to make profit, as you proclaimed at the ending of your statement. You are wrong, because not everyone thinks like you that is profit oriented, and because you are profit oriented, you may be unable to hold for a very long period of time because that urge to sell your bitcoin holdings for quick profit, will be a big problem, and you may sell too early just for minimal gains.
Some people invested in Bitcoin for that privacy and that self custodian right Bitcoin brings, while some invested in it as a store of value, so it's wrong to say that everyone is investing in Bitcoin because of profit.

There's no point talking about this matter as if there's anything wrong with making profit in Bitcoin and there's no point trying to separate profit making from Bitcoin investment. When you say Bitcoin investment there's tendency for bull or bear what so ever be the reason for investing. But somehow when talking about profit it is easily associated with quick profit as many newbies easily have in mind when hoping to start with Bitcoin or when thinking of Bitcoin. However, long-term holding will bull or bear making profit or lose a part of Bitcoin venture (no matter the reason) but this is not in anyway trying to equalize long-term holding and short-term holding because the difference is clear (short-term holding is usually associated with loses and long-term holding is usually associated with profit).

Most people see bitcoin same way especially newbies, but I see Bitcoin as more than just an asset to make profit from. To me, it's a way to store value and protect one purchasing power over time. I believe If someone accumulates steadily stays patient, and holds through for the long term growth. They can be set up for the future. the main plan should be to buy bitcoin using discretionary income by using the DCA method to accumulate bitcoin continuously and consistently  and holding for a long term.

[whiteblue]

In Bitcoin, only those who invest for the long term and maintain continuity of investment can earn a good profit. Many people think that they will buy it outright, although they may have sufficient assets, but buying it outright will not be right. The reason for this is that buying Bitcoin in a large amount does not give you knowledge about the market. And you do not get a correct idea about the market. By buying small amounts, you can learn about the market, you can be aware of the market cycle. Continuity depends on buying these small investments. Because only by buying small amounts can you maintain continuity.

Yes, if you jump into the market completely, you can panic due to the volatile nature of Bitcoin and you can also get hurt. You can sell Bitcoin at your loss. You can use the DCA strategy to invest and move forward slowly. If you invest, it is all about maintaining responsibility and always being aware. You will endure in different ways here. But if you jump into it completely, if you continue to be consistent in small amounts, you will be able to experience and understand more about Bitcoin and observe its past better.

Don't be afraid to start investing now or never. If we constantly think about fluctuations, we won't be able to invest in Bitcoin.

Prices rise and fall every year and every cycle. Don't assume this is all due to investors selling, but rather to beginners panicking because their mentality is unprepared and they're afraid.

Therefore, the main step is to buy weekly, prioritize the long term, And create an aggressive buying plan when we have additional discretionary income.