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Author Topic: JJG’s Outline of Bitcoin Investment Ideas  (Read 45905 times)
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Derekfunds
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Today at 10:23:43 AM
 #4621

...
Your explanation is mixing different things and it can confuse new investors. Long term plan should not depend thinking you know when the market is cheap or when bigger profit is coming. Also, buying more is a personal choice… it’s not something every investor does. Nobody can predict correctly what the price will do next, so why the unnecessary headache ? Instead of troubling yourself trying to predict something you can’t control, just tell them to stay consistent with their investment plan, manage their money very well and avoid making any decision that is based on assumptions about future price or profit, simple!
Predicting Bitcoin that is so volatile at this stage is somehow to the hear because the Bitcoin movement is what we can not actually tell or predict for certain where it will be heading in the next seconds or minute. However, the only best and advisable way is to figure out a discrestionary income ( money we can afford to lose which is also known as leftovers) and use the DCA method faithfully or regularly with the long term mindset.

I think that currently the market movement is in the ups and downs regarding market prices so that with the occurrence of market movements like that, we have to admit that we cannot predict the prices that will occur for some time in the future so that what you said is true that currently our task is only to make purchases if we have the discretionary income that we have and this aims to not think too much about market movements that sometimes occur in decline so after understanding what you said, it makes us personally for the future only better to focus on purchases by following the DCA pattern which is the main strategy for all parties who invest in Bitcoin which is of course very regular.
Even though that we have a situation like this, where the market keeps fluctuating, which means going up and down, I still doesn’t mean that people can’t keep buying bitcoin or a regular basis, instead it provides a different opportunities to keep buying and accumulating bitcoin, there is nothing anyone can do about the volatility nature of bitcoin, what me personally as an investor would do is to keep buying bitcoin on a regular basis, the market have always been in such a way that you can’t predict what is going to happen, people can only speculate about bitcoin, but it doesn’t show any sense of urgency.

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

 
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Tonimez
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Today at 10:43:12 AM
 #4622

[Edited out]

Ranging or slideways is already the nature or the feature of Bitcoin so anyone who has started or want to start Bitcoin investment should know this feature so that they won't panic and as a long term investor you should not bother yourself about the market ranging because the goal should be to hold for a long term which means that no matter how the market ranges it will definitely surge before that long term, double thought about the market when it is ranging can push one to taking unnecessary decision.
Panic selling! That's always the result of focusing on the chart instead of focusing on your accumulation. Bitcoin is very easy to understand and manage its emotional requirements in the sense that the more you spend time worrying about the chat, the more you get emotionally weak and the end products are the same, Panic selling!

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











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Today at 11:06:02 AM
 #4623

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

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

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Today at 11:18:21 AM
 #4624

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

It is true that there's no certainty about what the future brings but there's a reason for saying that one should always invest with the amount of money he is capable of HODLing/ Forfeit. When this simple law is followed, one can easily go a very long way without worrying about his stacked funds in bitcoin. It is not too hard to fight off this emotional attachment even though no one can completely forget his resources, but when you don't get greedy, you will always invest within your means which will make it easier to HODL for a long term.
You are right, it is better for a long-term investor to avoid what is happening in the market and where the price is going. It is not that you cannot see the price of Bitcoin, but rather ignore the price changes and think about the price 10 years ago. If you try to invest by accepting this fact that Bitcoin is volatile in the short term, but is upward in the long term, the chances of panic will probably be reduced to the greatest extent.

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











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Today at 11:46:57 AM
 #4625

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

It is true that there's no certainty about what the future brings but there's a reason for saying that one should always invest with the amount of money he is capable of HODLing/ Forfeit. When this simple law is followed, one can easily go a very long way without worrying about his stacked funds in bitcoin. It is not too hard to fight off this emotional attachment even though no one can completely forget his resources, but when you don't get greedy, you will always invest within your means which will make it easier to HODL for a long term.
You are right, it is better for a long-term investor to avoid what is happening in the market and where the price is going. It is not that you cannot see the price of Bitcoin, but rather ignore the price changes and think about the price 10 years ago. If you try to invest by accepting this fact that Bitcoin is volatile in the short term, but is upward in the long term, the chances of panic will probably be reduced to the greatest extent.

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

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

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

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Today at 01:55:17 PM
 #4626

Another thing is to invest with unnecessary money, or use money that you can afford to lose or leave for a long time. The main reason for panicking in market volatility is lack of knowledge and weak mentality. To improve your mentality, increase the scope of knowledge by acquiring knowledge regularly and practice it regularly.
The bolded part of your statement is always controversial to me as it makes investing in Bitcoin appear like gambling. Bitcoin investing is not gambling neither is it the same as investing in shitcoins that the founders can dump and ran away leaving the investors with bags of worthless coins. Bitcoin is not going to die anything soon, so we should make some distinction between Bitcoin and those other schemes. The only time you lose your money, not even completely, is when you intentionally decide to sell due to impatience, fear or whatever reason. If you hold on to your precious Bitcoins even in terms of decline, your Bitcoin quantity still remain intact and with time the price will always correct and give you profits. Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money. This will not create the future millionaires that Bitcoin has the potential of making.

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Today at 02:08:02 PM
 #4627

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.
A person can be aggressive at any time depending on his financial situation and his backup fund. Being aggressive is good but being overly aggressive is not a good decision and is not sustainable. A person can continue to buy aggressively for years without going overboard and depending on his financial situation and discretionary income. But yes, how much aggressively a person can buy without going overboard or overly aggressive is something that the person has to find out through proper financial management. Your comment has made aggressive buying only focused on the downfall, which a new person can follow and make a big mistake.
I will not oppose or blame those who are aggressive, but it is important to emphasize that aggressive buying can be part of an accumulation strategy if supported by adequate reserve funds. A balance is needed between aggressive strategies and risk management, such as keeping emergency funds in their proper position (liquidity), because it is very important that these actions do not backfire on the investor himself. Being aggressive is very suitable for experienced investors who are already adept at managing risk. But for beginners, it's best to use the DCA strategy to minimize the psychological impact of volatility and the risk of short-term losses.

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Today at 02:25:56 PM
 #4628

Even though that we have a situation like this, where the market keeps fluctuating, which means going up and down, I still doesn’t mean that people can’t keep buying bitcoin or a regular basis, instead it provides a different opportunities to keep buying and accumulating bitcoin, there is nothing anyone can do about the volatility nature of bitcoin, what me personally as an investor would do is to keep buying bitcoin on a regular basis, the market have always been in such a way that you can’t predict what is going to happen, people can only speculate about bitcoin, but it doesn’t show any sense of urgency.
Price fluctuations is part of the deal, that is how the market operates and I do not think it should be a problem for anyone, the market was never designed to be stable so when it continues to fluctuate we should not see it as an issue, or something that will prevent us from continuing our accumulation, there are things that I'm not bothered about as long as it has to deal with Bitcoin investment, unstable prices is one of the thing every Bitcoin should be aware of, the good thing about this price fluctuations is that, it has two phases which are the dip and the upsurge and as we know both market conditions are very important for Bitcoin to thrive and also beneficial to all Bitcoiners.

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Today at 02:52:25 PM
 #4629

Being aggressive in the market depends on how comfortable you feel about the market, it does not have to be only when the market is going down. As long as you have more money in hand to be aggressive in the market you are free.
You are right, there is no specific time to be aggressive, but it can be wise to be aggressive only when you have the ability. If you are associated with DCA, we will not need to wait for the dip, because DCA automatically gives you the opportunity to buy in the market of the dip. If the ability to be aggressive in investing is created at that time, then you can feel free to be aggressive in investing. If the ability to be aggressive in the bull market is created, there is no need to wait for the decline, you can still be aggressive in investing. However, we must pay special attention to our ability during aggressive buying, do not put too much pressure on yourself if necessary.

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.
You can always be aggressive with buying bitcoin at anytime, you can be buying and holding bitcoin anytime, it doesn’t have to be when there is a dip, you can be buying through the DCA and still be aggressive more comfortably, you don’t have to be over aggressive in any way that would jeopardize your bitcoin investments, you need to prioritize buying more consistently instead of buying more aggressive.

Some individuals are going to be buying bitcoin more aggressively when there is a dip when they think it’s a good opportunities for them to keep buying bitcoin more aggressive, personally I think I can be aggressive anytime I want to be aggressive when I have a discretionary income, buying bitcoin and being aggressive when there is a dip means I’m more only interested in buying a dip which is not a good way, considering that you’re waiting for the price to come down before you can be aggressive.

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Today at 03:05:18 PM
 #4630

Ranging or slideways is already the nature or the feature of Bitcoin so anyone who has started or want to start Bitcoin investment should know this feature so that they won't panic and as a long term investor you should not bother yourself about the market ranging because the goal should be to hold for a long term which means that no matter how the market ranges it will definitely surge before that long term, double thought about the market when it is ranging can push one to taking unnecessary decision.
This depends on the focus. If an investor is focused on Bitcoin accumulation, they will naturally ignore price declines and market fluctuations. The focus should be on consistently buying, even at different points, as long as they continue to buy to accumulate more Bitcoin. Therefore, other focuses are unnecessary because the goal is to accumulate Bitcoin as frequently as possible so that the amount of Bitcoin held can continue to grow. Currently, the Bitcoin price is not moving sharply upwards, so at this point, everyone can react by buying more or according to their own capabilities, as the current point is an excellent time to buy Bitcoin in any amount.

 
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Today at 03:36:12 PM
 #4631

Even though that we have a situation like this, where the market keeps fluctuating, which means going up and down, I still doesn’t mean that people can’t keep buying bitcoin or a regular basis, instead it provides a different opportunities to keep buying and accumulating bitcoin, there is nothing anyone can do about the volatility nature of bitcoin, what me personally as an investor would do is to keep buying bitcoin on a regular basis, the market have always been in such a way that you can’t predict what is going to happen, people can only speculate about bitcoin, but it doesn’t show any sense of urgency.
Price fluctuations is part of the deal, that is how the market operates and I do not think it should be a problem for anyone, the market was never designed to be stable so when it continues to fluctuate we should not see it as an issue, or something that will prevent us from continuing our accumulation, there are things that I'm not bothered about as long as it has to deal with Bitcoin investment, unstable prices is one of the thing every Bitcoin should be aware of, the good thing about this price fluctuations is that, it has two phases which are the dip and the upsurge and as we know both market conditions are very important for Bitcoin to thrive and also beneficial to all Bitcoiners.
The most convenient investment strategy in the volatility of Bitcoin's price is the DCA method. You should continue to accumulate Bitcoin regularly, regardless of the time of price decline or increase. Since the price in the Bitcoin market is volatile, short term trading can often lead to losses for you. To get the expected returns from Bitcoin, follow a long term investment strategy such as the DCA method. You should adopt a long term strategy by being adequately prepared to face investment risks, such as accumulation Bitcoin regularly through discretionary income and until your source of income continues. The market does not always exist in the same state. Keep in mind that possible changing situations and have an emergency fund to protect your holdings in each cycle.

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Today at 03:47:00 PM
 #4632

Even though that we have a situation like this, where the market keeps fluctuating, which means going up and down, I still doesn’t mean that people can’t keep buying bitcoin or a regular basis, instead it provides a different opportunities to keep buying and accumulating bitcoin, there is nothing anyone can do about the volatility nature of bitcoin, what me personally as an investor would do is to keep buying bitcoin on a regular basis, the market have always been in such a way that you can’t predict what is going to happen, people can only speculate about bitcoin, but it doesn’t show any sense of urgency.
Price fluctuations is part of the deal, that is how the market operates and I do not think it should be a problem for anyone, the market was never designed to be stable so when it continues to fluctuate we should not see it as an issue, or something that will prevent us from continuing our accumulation, there are things that I'm not bothered about as long as it has to deal with Bitcoin investment, unstable prices is one of the thing every Bitcoin should be aware of, the good thing about this price fluctuations is that, it has two phases which are the dip and the upsurge and as we know both market conditions are very important for Bitcoin to thrive and also beneficial to all Bitcoiners.
The most convenient investment strategy in the volatility of Bitcoin's price is the DCA method. You should continue to accumulate Bitcoin regularly, regardless of the time of price decline or increase. Since the price in the Bitcoin market is volatile, short term trading can often lead to losses for you. To get the expected returns from Bitcoin, follow a long term investment strategy such as the DCA method. You should adopt a long term strategy by being adequately prepared to face investment risks, such as accumulation Bitcoin regularly through discretionary income and until your source of income continues. The market does not always exist in the same state. Keep in mind that possible changing situations and have an emergency fund to protect your holdings in each cycle.
You have a very good point here and that is why a lot of people that are using DCA method always have more opportunity than people that are chasing profit, is only people that are chasing profit that are waiting for the dip which they normally call an opportunity, yes it is an opportunity but for those that maintain their consistency when it comes to accumulating, DCA method make it easy for all real investors to continue to invest without any thing to think about and also remove fear from their mind.

The emergency fund is very important because it protect your investment what is why it is advisable to build it someultanously to avoid any delay and inconsistent in your investment. Going by all this you will definitely arrive with a very good results by getting more Bitcoin in your wallet.

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Today at 04:16:23 PM
 #4633

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

The mere fact that a lot of people don't care about bitcoin or they do not recognize any compelling reason to get started is on them, and historically, so many people have regrets that they did not get started with bitcoin earlier, and they presume that they are too late, and blah blah blah...

I expect the history to continue to repeat with our coming accross no coiners and/or low coiners guys in a time frame of 10 years down the road, and their expressing regrets that they did not get started buying bitcoin back in 2026 when they could still get it for less than $100k.  It seems to me that the theme of "it's too late to invest in bitcoin," is likely going to continue to repeat.
Some folks often think to buy bitcoin is too expensive, so instead of them to start their investment, they wait expecting the bitcoin price to drop before they buy, later when the price is much higher than they expected, they begin regret not buying earlier. But one truth is, we can only make better decisions today, but we can not change the past. It better to focus with what ever discretionary income can afford and be buying consistently through DCA than worrying about the past price we missed. From looks of things I belief in the future folks may look back at buying btc below $100k, the same wa many people now wish they had bought it at lower prices. but the most important thing is to start and be patient with time.
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Today at 05:01:23 PM
 #4634


As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy

Let me ask....,

So what then will you do if you have an increased pay or income, or wins a lottery or gets extra cash somewhere either form business or any source, and there is no Dip? What would would you do with the extra cash then? Would you just keep the money aside or you would just adjust your weekly or monthly buys by increasing the accumulation price(buying more)and also adding some to your back up funds?

The Dip is a good time to be aggressive, but that doesn't stop you from been aggressive with your buys if you have the extra cash to do so when it's not the Dip period. Everything still goes to your portfolio, and the BTC is still yours. Like the scenario I mentioned above, it's best to increase your buys with the extra cash you have from the increased income or lottery or gift, this is just you been a bit aggressive, buying more and stacking regardless of the present price, because you know that Bitcoin is a store of value and the more you can acquire and HODL longer, the better it can get for years ahead. Always buy more Bitcoin whenever you have the cash to do so, regardless of wether it is Dip or not.

The good time to invest aggressively in bitcoin is when an investor have what it takes or the financial capability to do so effectively without getting to destroy himself and his investment in the future. For sure, everyone will be happy to buy bitcoin at a very reduced price but then an investor will have to check if he has what it takes to buy bitcoin aggressively even if the price is that low. Without having such financial capability it’s practically impossible for an investor to buy bitcoin aggressively and hold for long term successfully. Investors should always make sure not to be over aggressive while investing in bitcoin as a result of seeing that the price is dip and tend to see it as a good time to be aggressive without considering his financial capabilities at the moment if he has what it takes to invest aggressively. At any market price, an investor can decide to invest aggressively provided he have what it’s takes financially.

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Today at 05:19:01 PM
 #4635

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.
A person can be aggressive at any time depending on his financial situation and his backup fund. Being aggressive is good but being overly aggressive is not a good decision and is not sustainable. A person can continue to buy aggressively for years without going overboard and depending on his financial situation and discretionary income. But yes, how much aggressively a person can buy without going overboard or overly aggressive is something that the person has to find out through proper financial management. Your comment has made aggressive buying only focused on the downfall, which a new person can follow and make a big mistake.
I will not oppose or blame those who are aggressive, but it is important to emphasize that aggressive buying can be part of an accumulation strategy if supported by adequate reserve funds. A balance is needed between aggressive strategies and risk management, such as keeping emergency funds in their proper position (liquidity), because it is very important that these actions do not backfire on the investor himself. Being aggressive is very suitable for experienced investors who are already adept at managing risk. But for beginners, it's best to use the DCA strategy to minimize the psychological impact of volatility and the risk of short-term losses.

that is how it is suppose to be when you are doing aggressive buying because if you want to hold for a very long time and you start buying aggressively then all this will be in preparation for the future because how one of the importance of buying and holding is should be that you are holding for a very long time so and does that dont want to really take too much risk can buy and hold.

And only those that are joining the league newly should take their time to invest because they will need to understand a lot of things before they start to jump into buying, and if the price starts coming down, they get discouraged, and a lot of them will also want to sell, and it is not as if they will use the money for anything, and that is why before you start it is better to have your up keep money available.











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Today at 05:46:29 PM
Merited by JayJuanGee (1)
 #4636

The mere fact that a lot of people don't care about bitcoin or they do not recognize any compelling reason to get started is on them, and historically, so many people have regrets that they did not get started with bitcoin earlier, and they presume that they are too late, and blah blah blah...

I expect the history to continue to repeat with our coming accross no coiners and/or low coiners guys in a time frame of 10 years down the road, and their expressing regrets that they did not get started buying bitcoin back in 2026 when they could still get it for less than $100k.  It seems to me that the theme of "it's too late to invest in bitcoin," is likely going to continue to repeat.


I share your knowledge here and your thoughts, it's better for people should focus on what they will achieve than focusing too much on what they missed. This belief that some people get that""" it's too late to invest in bitcoin """" this statement has been existed in many years, and yet bitcoin has continuing to reward the investors that started earlier than those who kept wasting time waiting for the perfect opportunity, it would be better for them to compare thier own positions where they want to be in the next 10-years or more from now, than talking of where the early adopters were in several years back. The truth about it is, starting today also makes you an early adopter and it can still place you in a stronger financial position over millions of folks who never started it at all.

Furthermore. Non of us can control bitcoin price in 2026 presently or can predict what the price maybe in the coming years. but everyone can control his/her own habit of consistently buying bitcoin with discretionary income, no matter how small your discretionary income is, such as $10,$20,$30 and even more/ weekly. But it must be amounts that actually fits your budget comfortably. So our future bitcoin holdings today will be determined by any decision we make today, not by someone's chances they had before us,moreover it's more better to be much worrying about where we want to be by 2036 or more.

You made some good point, but I think you misinterpreted JJG a bit.The point not for folks should only think about what they missed or that BTC future success is 100% guaranteed. The mentality of “it’s too late to invest in Bitcoin” has been going on for years and many folks who waited too long later wished they started earlier…..it doesn’t mean everyone who buys will automatically make profits
What you should take out from is that investors should focus on making informed decisions that based on there financial situation instead of always comparing themselves to those that started years ago. Anyone who believe BTC long term potential can start accumulating responsibly.
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Today at 06:21:54 PM
 #4637

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.
Basing your aggressiveness on the presence of dips is the worst mistake that an investor can ever make.. Who told you that it is u reasonable for folks to be aggressive while using the DCA approach? It is even gambling to build your buying strategy around dips, when you don't even know when a dip will come or how deep it will be or whether the price will move up before you even make your buys... You aren't certain of any of this , none of us are.. So if folks have their discretionary income available to go aggressive to whatever extent they want, then they should do so without delays.. You can never outsmart the market..











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Today at 06:32:38 PM
 #4638

Ranging or slideways is already the nature or the feature of Bitcoin so anyone who has started or want to start Bitcoin investment should know this feature so that they won't panic and as a long term investor you should not bother yourself about the market ranging because the goal should be to hold for a long term which means that no matter how the market ranges it will definitely surge before that long term, double thought about the market when it is ranging can push one to taking unnecessary decision.
This depends on the focus. If an investor is focused on Bitcoin accumulation, they will naturally ignore price declines and market fluctuations. The focus should be on consistently buying, even at different points, as long as they continue to buy to accumulate more Bitcoin. Therefore, other focuses are unnecessary because the goal is to accumulate Bitcoin as frequently as possible so that the amount of Bitcoin held can continue to grow. Currently, the Bitcoin price is not moving sharply upwards, so at this point, everyone can react by buying more or according to their own capabilities, as the current point is an excellent time to buy Bitcoin in any amount.
The goal should be long-term, when your goal is long-term, you don't always have to worry too much about the daily fluctuations, because you are investing consistently, due to which this volatility will not lead you to any kind of harmful situation, because following a regular DCA plan reduces the impact of short-term market volatility to a great extent. However, we should never delay in starting investing, start as soon as possible, and continue investing consistently, consistency is very important here if you want to achieve something good from Bitcoin.











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Today at 07:45:17 PM
 #4639

Another thing is to invest with unnecessary money, or use money that you can afford to lose or leave for a long time. The main reason for panicking in market volatility is lack of knowledge and weak mentality. To improve your mentality, increase the scope of knowledge by acquiring knowledge regularly and practice it regularly.
It's true that investing with money you won't need in the short term is a wise approach because using discretionary income gives investors the patience to hold through market downturns without being forced to sell.

However, I don't fully agree that panic during market volatility is  caused only by lack of knowledge and weak mentality. Because  while those factors play a role, financial pressure is often an even bigger reason. Someone who invests money meant for rent, food, emergencies, or other essential needs is much more likely to panic, no matter how much they know about the market.

While knowledge and emotional discipline are important, they do work best when supported by proper financial planning. Building an emergency fund, investing only what you can comfortably leave untouched, and having a long term erm plan all help reduce emotional decisions during market swings. Because  a strong investor mindset is not built on knowledge alone it is also built on good preparation.
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Today at 09:43:26 PM
 #4640

Another thing is to invest with unnecessary money, or use money that you can afford to lose or leave for a long time. The main reason for panicking in market volatility is lack of knowledge and weak mentality. To improve your mentality, increase the scope of knowledge by acquiring knowledge regularly and practice it regularly.
It's true that investing with money you won't need in the short term is a wise approach because using discretionary income gives investors the patience to hold through market downturns without being forced to sell.

Why are you trying to dumb down the expression?

We invest money that we can afford to lose, since there are no guarantees that the bitcoin price will go up or that we will not lose the money.

Sure we can take safeguards with the money that we invest so that we will have greater confidence that we will not lose the money and that we will be advantaged by our bitcoin investment, yet even if we are merely locking away the money 4-10 years or longer, there should be abilities to not be too attached in regards to short-to-medium BTC price performance.

Each of us still has to figure out how much we are going to put into bitcoin, and even if we put small amounts into bitcoin, they add up with time, and surely many bitcoin investors will ongoingly increase the amounts that they put into bitcoin, so maybe over several years, they end up putting 1-2 years or even more of their annual income into bitcoin, and it can take time to really build up their bitcoin investment, so the amounts may well seem to be more than what we can afford to lose, even though surely we are covering our living expenses and sure maybe we are also making sure that we have various ways to support ourselves outside of just bitcoin.  We have to be careful in regards to putting all of our eggs into the bitcoin basket, even if we have a lot of confidence in bitcoin as an investment.

However, I don't fully agree that panic during market volatility is  caused only by lack of knowledge and weak mentality. Because  while those factors play a role, financial pressure is often an even bigger reason. Someone who invests money meant for rent, food, emergencies, or other essential needs is much more likely to panic, no matter how much they know about the market.

A person does not need to spend beyond their discretionary funds in order to feel attached to the money that they invest into bitcoin.

When a person invests, they are choosing not to save and/or to discretionarily consume, so there are trade offs with investments.  We are deferring gratification with a realization that we might not get the money back at a later date, even though we are investing in bitcoin because we have confidence in bitcoin, yet we still are not guaranteed that we will be better off for having had invested into bitcoin as compared to if we had not invested into bitcoin.

While knowledge and emotional discipline are important, they do work best when supported by proper financial planning.

Adjusting our position size in accordance with our weekly (or monthly) budget is also likely helpful, and perhaps ongoingly buying of bitcoin on a weekly basis (Or whatever is our buying frequency?) during price corrections can be helpful, too.  We reinforce our commitment to bitcoin buying by buying every week no matter what.

Building an emergency fund, investing only what you can comfortably leave untouched,

Yes, ongoingly building back up funds is good, and the expression is to invest no more than we can afford to lose.  You seem to want to continue to imply that there is some guarantee that you get money back, when there is not.

and having a long term erm plan all help reduce emotional decisions during market swings. Because  a strong investor mindset is not built on knowledge alone it is also built on good preparation.

I don't know about preparation  prior to getting started, yet I do agree that it is good to ongoingly be studying bitcoin to make sure that we are comfortable with bitcoin and comfortable with whatever investment plan that we are following and perhaps tweaking from time to time.

Another thing is to invest with unnecessary money, or use money that you can afford to lose or leave for a long time. The main reason for panicking in market volatility is lack of knowledge and weak mentality. To improve your mentality, increase the scope of knowledge by acquiring knowledge regularly and practice it regularly.
The bolded part of your statement is always controversial to me as it makes investing in Bitcoin appear like gambling.

Sure, you @Odohu, seem to ongoingly have a problem with this concept, and I am pretty sure that I have responded to you in the past.  You are fighting the concept, and the expression is "not to invest more than you can afford to lose."  It does not have to do with gambling or trading, and even if any of us believes that bitcoin is amongst the best, if not the best investment, the concept of "investing no more than you can afford to lose" applies to bitcoin too.  There is no guarantee that you are going to be profitable, and there is no guarantee that you won't lose it all, whether due to executional reasons or even macro reasons that many of us consider to be unlikely to happen.

Bitcoin investing is not gambling neither is it the same as investing in shitcoins that the founders can dump and ran away leaving the investors with bags of worthless coins.

You are overreacting.  The expression of "not investing more than you can afford to lose" also applies to bitcoin as well as to other investments, trading, and even gambling as you mentioned.

Yeah, bitcoin is way the fuck better than those other places to put our money, but the expression of "not investing more than you can afford to lose" still applies to bitcoin.

Bitcoin is not going to die anything soon, so we should make some distinction between Bitcoin and those other schemes.

Sure bitcoin is a great investment and we can make some distinction, even though that expression of "not investing more than you can afford to lose" still applies to bitcoin.

The only time you lose your money, not even completely, is when you intentionally decide to sell due to impatience, fear or whatever reason.

Sure.  Selling too much too soon is one of the ways to lose money on bitcoin, yet there are many other ways that guys can lose money from their involvement in bitcoin.

You want to proclaim that there is some ways that guys can make sure that they don't lose money with bitcoin, and therefore bitcoin is guaranteed to not lose money?  That seems a bit much of a claim or an impression to create.

There is execution risk and there are macro risks, and sure there are a lot of strong fundamentals with bitcoin, and there are plenty of guys who have decently large percentages of their wealth invested into bitcoin, yet bitcoin still is not guaranteed to be successful.

For sure, I don't want to overstate negative scenarios since I tend to be a fairly large advocate of bitcoin, yet the various go to zero or even go to some number that is largely negative from here are not zero % odds.  Maybe if we look at a 10 year timeline or greater, then the going negative from here odds are less than 10%.. I don't know.  None of us can assign exact odds that would be universally acceptable, even though we could spell out various possible negative scenarios and then assign odds to the various scenarios at various timeline points, perhaps how I had attempted to do it in my December 2021 and May 2022 posts in which I had assigned price odds and also timeline odds for both upward scenarios and for downward scenarios.

If you hold on to your precious Bitcoins even in terms of decline, your Bitcoin quantity still remain intact and with time the price will always correct and give you profits.

You think that bitcoin will always give profits.

Sure, we can develop strategies in which we are ongoingly buying bitcoin, including that we can continue to DCA a certain quantity from our paycheck, and if the BTC price continues to go down, then our BTC stash will be guaranteed to continue to get larger, and our average cost per BTC will continue to go down.  And, so there are scenarios in which the bitcoin price does not recover, even though we continue to buy as the BTC price is continuing to go down.  We are not guaranteed that the BTC price will recover higher than our average cost per BTC, even though if we continue to buy bitcoin while the BTC price is continuing to go down, we will continue to accumulate higher quantities of BTC and our cost per BTC will get lower and lower and lower.

Yes.   So far in bitcoin's history, it has always recovered, yet past performance does not guarantee future results.

Each of us who are ongoingly buying bitcoin, we have to decide how much bitcoin we are going to buy and whether we feel that we have reached a point of having had invested enough into bitcoin or more than enough.

It can be difficult to continue to buy bitcoin on the dip, yet at the same time, there are guys who have such a small amount of discretionary funds, so that even if they are buying during ongoing bitcoin price dips, it is still going to take them a lot of time to build their bitcoin stash to such a point that it is enough or more than enough.

I have told this story before in which I recall during the 2015 down period, bitcoin prices were in the mid $200s for so much of the year, and I had done quite a bit of bitcoin investing in late 2013 and throughout all of 2014, yet towards the beginning of the year, my average cost per bitcoin was still close to $600 per coin. In late 2014, I was starting to feel like I bought enough bitcoin, yet I still bought some more bitcoin in November, December and even January 2015, but then in January 2015 I had some issues with my business and my business partner that caused me to not have any more extra money, and I had to dedicate any money that I had at the business.  

I also had a non-work related trip in February 2015, so largely between late January and the middle of 2015, I had some pretty severe cashflow issues that made it difficult for me to buy any more bitcoin, and those were great times for the bitcoin price, but I was locked out from being able to buy any bitcoin at that time - yet I did not sell any bitcoin during that time, either.  And, slowly by the time we got to June or so, some of my extreme cashflow issues started to resolve themselves, and there were some periods in which I would start to get some extra cash come in, whether it was $20 or $200 or various other amounts, then I would dedicate 1/2 of any of the extra cash towards buying bitcoin, and the other half I would put into my monthly budget to address any of my expenses at the end of the month... so surely since the BTC prices were quite low during those times, my ongoing buying of bitcoin during that time ended up paying off, even though surely there was not any guarantee that the BTC prices were going to go up rather than either continuing sideways or going down, and it seems that the same is true today.  We have to figure out some amount that we are ongoingly willing to put in bitcoin, while realizing that we are not guaranteed to be profitable on any of the bitcoin buys that we end up making, even though our bitcoin stash will continue to get larger for every time that we end up buying bitcoin.

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Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future performance.

This will not create the future millionaires that Bitcoin has the potential of making.

Huh?  We have some goal of producing future millionaires?

Frequently, I suggest that guys invest into bitcoin as aggressively as they can without overdoing it, yet they still have to figure out how to invest what they can afford to lose.  

You are suggesting that guys might choose not to invest in bitcoin unless they have some guarantee about its future performance?

You @Odohu seem to be the one who is off on your fight against the proper expression and you seem to be suggesting that we need to give some kind of guarantee to newbies so that they will have confidence to invest into bitcoin in sufficiently aggressive amounts.

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