JJG’s Outline of Bitcoin Investment Ideas

[reagansimms]

The moment a person wants to invest in bitcoin and they start timing the market looking for a good time to enter they are automatically announcing themselves as not wanting to invest in bitcoin but to trade and this is especially true for those who are always waiting for a DIP before they can start buying bitcoin, if they plan id long term then they naturally won't bother about when to start but since it's short term they end up looking for a perfect entry point and also don't keep their investment within what they discretionary income can handle, to make good short term gains they believe that their discretionary income isn't enough and since they are planning on selling early they don't see anything wrong with investing outside of their discretionary income.

A good investor will not analyze the market and try to find the lowest entry point for a profitable purchase of bitcoin. He should focus on consciously starting to make periodic purchases and not interrupting this process. And in order not to interrupt the purchase of bitcoin, he must be absolutely clear about the expenditure of funds for the needs and how much money remains each month. Personally, I use a counting app for this. This allows you to find a convenient measure for investing, as well as understand how to create an emergency budget so that in no case do not take money from investments in case of unforeseen circumstances.

Don't let yourself continue to be trapped in something uncertain "chasing the lowest point" because no one knows when the lowest point will be, the result is that you will continue to be trapped because you keep waiting, never buy and miss the train. DCA is the right answer for those who are still waiting, this strategy does not require looking for the lowest point, you only need to create your own buy point every month. To ensure that DCA doesn't stop midway, you must set aside a portion of your income at the beginning of the month, and use the rest for other needs. This portion must be clear, the aim is to prevent DCA from being hampered when there is a sudden need.

[Different patterns]

I consider you correct for calling out Nwaswago, yet at the same time, you seem to be close to making the same mistake that he is making with the implication that "basic knowledge" is necessary, which you do not explain what is the basic knowledge that you are suggesting to be necessary.

What if some newbie reads your post and he is getting ready to buy bitcoin based on his knowing that he has discretionary funds, but then he sees that you are recommending that he needs to have "basic knowledge," so then he decides not to buy since he does not know what "basic knowledge" is.  I would not consider it unreasonable for a bitcoin newbie to potentially come to the wrong conclusion about his needing to learn more about bitcoin based on your assertion that "basic knowledge" is required in order to get started buying bitcoin.

Yes you got me there and I get your message because personally I was finding it difficult using the word “Basic knowledge” when trying to make my assertion of getting started with bitcoin investment knowing fully well that newbies can actually swing into action in buying bitcoin once they learnt that their discretionary income is available. I was not really intending to say that newbies might need to wait to learn more before getting started with bitcoin investment, but a common sense should always set them on the path that they should get started with buying bitcoin immediately  their discretionary income is ready and not to wait to learn more knowledge. Because this basic knowledge sometimes most newbies might be confused and think they maybe needing to go through some specialized training to gain this basic knowledge In bitcoin investment whereas in real sense they don’t have to, all they need to do is get there discretionary income ready and start buying bitcoin and hold and they will learn more from their real life experience while buying bitcoin and hold, so yeah you’re on point.

I think that part of my ongoing emphasis is that individuals can decide what they want in terms of if they are ready or not ready or if they believe that they need to know more. Having discretionary income and knowing from where they are going to buy their first bitcoin (satoshis) are the only objectively needed items. Otherwise, they use their judgement both in regards to whether to get started and then also how much they are going to start with, whether that is $100, $10 or some other amount that they consider to be comfortable for their assessment of their situation.

Maybe, for example, I might run across a person who tells me that he had heard about bitcoin and he even heard about a specific exchange that he could start to buy bitcoin, and he even tells me that he has $100 per week that he could invest into bitcoin, but he is nervous that he does not know enough about bitcoin.

Some folks keep delaying their starting, just because they want to know and understanding every details of bitcoin, but once put that mindset first, it often leads to endless waiting and end up regretting. You do not need to understand every detail about bitcoin before first bitcoin. as an investor once you understand the basics is enough for you to started, because some of valuable lessons come from participating in market. But once having the discretionary income and start with amount you are comfortable leaving invested for long term. What is really good thing about starting small? Good thing is that, start small reduce the amount of risk and help people to gain firsthand experience while keep their financial risk manageable.That mean you experience every movement of the market yourself and gradually build confidence. The important thing is not delay your investment and stay consistent with accumulation instead of fear of imperfection.

[Sobz]

A good investor will not analyze the market and try to find the lowest entry point for a profitable purchase of bitcoin. He should focus on consciously starting to make periodic purchases and not interrupting this process. And in order not to interrupt the purchase of bitcoin, he must be absolutely clear about the expenditure of funds for the needs and how much money remains each month. Personally, I use a counting app for this. This allows you to find a convenient measure for investing, as well as understand how to create an emergency budget so that in no case do not take money from investments in case of unforeseen circumstances.

And analysing the price of Bitcoin always have bad effect. Though one may be lucky and analyze it to the speculated price which they want to buy but that is not the end. After analysing the price of Bitcoin their is always a desire of how one wants the price of Bitcoin to move and when it is not like that it becomes a problem,  this is just one of the effect of analysing the price of Bitcoin. After analysing their is always an expectation and bitcoin being unpredictable it can make one to do otherwise that may effect the investment.  Understanding their is no good time to bitcoin makes one to invest and not expecting how the price bitcoin will be at anytime.

[Grease5000]

He is probably talking about speculating in the market to know the best entry point to maximize his potential to make more profit after this. Sometimes we need to take our time to understand the market truly; this is when we discover the season we are in and the recent performance from the market before we decide how to come in.

Of course over every investment we are making we should have a plan towards the position we are going totoake on it, another thing to consider is having a particular strategy that will enable us to maintain holding our investment after buying, just as you wanted to speculate to know the particular entry point you are giving to invest, everything in cryptocurrency Bitcoin investment comes with a step at a time and we must be deliberated on how we go about with anyone of them to make things work out as we expected.

I think  it is a  good idea  to have a plan and also to understand the nature of bitcoin before one start investing, but I don't think a long term bitcoin investor should focus too much on finding the perfect entry point.  Because that mindset can easily turn into trying to time the market.

The most important plan should be to invest with using  only discretionary income follow the  DCA or Lump sum depending on which is suitable to your income and stay consistent. This  makes holding much easier because the decision isn't based on getting the perfect price entry but on continuously accumulating btcoin over the long term.

[Gost ms]

He is probably talking about speculating in the market to know the best entry point to maximize his potential to make more profit after this. Sometimes we need to take our time to understand the market truly; this is when we discover the season we are in and the recent performance from the market before we decide how to come in.

Of course over every investment we are making we should have a plan towards the position we are going totoake on it, another thing to consider is having a particular strategy that will enable us to maintain holding our investment after buying, just as you wanted to speculate to know the particular entry point you are giving to invest, everything in cryptocurrency Bitcoin investment comes with a step at a time and we must be deliberated on how we go about with anyone of them to make things work out as we expected.

I think  it is a  good idea  to have a plan and also to understand the nature of bitcoin before one start investing, but I don't think a long term bitcoin investor should focus too much on finding the perfect entry point.  Because that mindset can easily turn into trying to time the market.

The most important plan should be to invest with using  only discretionary income follow the  DCA or Lump sum depending on which is suitable to your income and stay consistent. This  makes holding much easier because the decision isn't based on getting the perfect price entry but on continuously accumulating btcoin over the long term.

What do you mean by understanding the nature of Bitcoin? To start investing, an investor only needs basic knowledge about Bitcoin and common sense may not say that there is a need to learn much other than discretionary income. If a person is able to find and get discretionary income, then he can definitely start investing and continue all the activities along with starting investing. Starting investing is the most important thing, when a person waits to gain knowledge before starting investing or learns a lot to gain basic knowledge and moves forward accordingly, then he will fall behind a lot.

Gaining knowledge and investing can go hand in hand. So why should a person wait to gain knowledge and wait to invest and miss out on buying opportunities and may move away from the humanity of investing.

[devouring-DARKNESS]

He is probably talking about speculating in the market to know the best entry point to maximize his potential to make more profit after this. Sometimes we need to take our time to understand the market truly; this is when we discover the season we are in and the recent performance from the market before we decide how to come in.

Of course over every investment we are making we should have a plan towards the position we are going totoake on it, another thing to consider is having a particular strategy that will enable us to maintain holding our investment after buying, just as you wanted to speculate to know the particular entry point you are giving to invest, everything in cryptocurrency Bitcoin investment comes with a step at a time and we must be deliberated on how we go about with anyone of them to make things work out as we expected.

I think  it is a  good idea  to have a plan and also to understand the nature of bitcoin before one start investing, but I don't think a long term bitcoin investor should focus too much on finding the perfect entry point.  Because that mindset can easily turn into trying to time the market.

The most important plan should be to invest with using  only discretionary income follow the  DCA or Lump sum depending on which is suitable to your income and stay consistent. This  makes holding much easier because the decision isn't based on getting the perfect price entry but on continuously accumulating btcoin over the long term.

There is no valid reason for a long term investor to be looking for a perfect entry point unless they are actually short term traders in disguise because any long term investor will know that in the long run any small short term price change won't matter much, so instead of waiting for a particular price before they start buying they just buy when they have the discretionary fund to buy with, this way they buy even when the price DIPs and when the price goes back up because they are not buying for the current price but for what the price will be in the future.

[The Founding Titan]

A good investor will not analyze the market and try to find the lowest entry point for a profitable purchase of bitcoin. He should focus on consciously starting to make periodic purchases and not interrupting this process. And in order not to interrupt the purchase of bitcoin, he must be absolutely clear about the expenditure of funds for the needs and how much money remains each month. Personally, I use a counting app for this. This allows you to find a convenient measure for investing, as well as understand how to create an emergency budget so that in no case do not take money from investments in case of unforeseen circumstances.

And analysing the price of Bitcoin always have bad effect. Though one may be lucky and analyze it to the speculated price which they want to buy but that is not the end. After analysing the price of Bitcoin their is always a desire of how one wants the price of Bitcoin to move and when it is not like that it becomes a problem,  this is just one of the effect of analysing the price of Bitcoin. After analysing their is always an expectation and bitcoin being unpredictable it can make one to do otherwise that may effect the investment.  Understanding their is no good time to bitcoin makes one to invest and not expecting how the price bitcoin will be at anytime.

Most people don't know how to handle disappointment but they still do things that will most likely lead to them getting disappointed, I don't see anything wrong with trying to predict the price of bitcoin, as long as you don't dwell on that prediction, but the moment you make a prediction and start to plan your investment around that prediction you will not be able to handle it when reality hits and things don't go the way you planned for them to, bitcoin is more or less impossible to predict 100% so while we can definitely try our luck we shouldn't depend on it.

[Sonia_123]

When someone wants to invest in Bitcoin, there should be careful observation because some people just jump in and buy without understanding the system. This is because when the market isn't moving in the direction they want, they will rush to sell because they don't understand how it works. I don't know why they will be panicking when they know that the price will return to normal and even surpass the initial price they bought. Because of the way the algorithm operates, there is no way that there won't be a recovery from the decline. When investing in Bitcoin, you should know what will make it easier, which is to use DCA and have emergency reserves at the same time. And people who know what the dip is about are always happy. Because they can even buy more.

Observing investments how? I think the only think that is important for investors is the capital that him/she can start up the investments and understanding the market system since the market is fluctuating all the time. Because in investing once a person have get the best strategies there’s no any difficult things in the investments, but if your talking about the observing your conversations is out the investments and this can confuse some of the beginners who are new to the Bitcoin investments.

I want to correct a few errors so that newbies like me wont make the same mistake I made due to a misguided statement.  

First, no strategy is the best, because the term best is subjective. DCA may be the better option for many investors, while lump sum and buying on dip are better for some. It all depends on the financial capability and structure of the goal. I can start my investment with the DCA method and, along the way, switch to buying on dip or lump sum, which may be as a result of an increase in income or some work bonuses. I can also switch investment methods if I have reached a certain phase in my milestone, which warrants me to use a safer and less risky strategy to invest.

Please don't go confusing yourself, there is a difference between combining different investment strategies and switching between strategies, there is no reason for you to suddenly abandon the DCA simply because you feel like you are no longer a newbie? Have you hit over-accumulation yet? My guess is No, there is nothing wrong with buying the DIP or lump sum purchase but for someone who hasn't hit over-accumulation yet completely switching to these other investment strategies without including the DCA is unsustainable, we won't always be in a dip and there is no guarantee that you will be getting enough discretionary income to only lump sum.
So if you are talking about combining the DCA with the other investment strategies then that's a different story from leaving the DCA for a different strategy.

There is nothing wrong if you make use of the three strategy before getting to your overaccumulation stage, it all depends on your finance, an investor might be steadily dcaing and all of a sudden his financial status changes, he will lump sum, fortunately for him the dip comes he also goes for it while stills dcaing it does not matter all that matters in bitcoin investment is consistency in the market , as long as you are able to constantly buy bitcoin with whatever funds you feel is okay by you without affecting your expenses then you have no problem.

[CageMabok]

There is nothing wrong if you make use of the three strategy before getting to your overaccumulation stage, it all depends on your finance, an investor might be steadily dcaing and all of a sudden his financial status changes, he will lump sum, fortunately for him the dip comes he also goes for it while stills dcaing it does not matter all that matters in bitcoin investment is consistency in the market , as long as you are able to constantly buy bitcoin with whatever funds you feel is okay by you without affecting your expenses then you have no problem.

This is generally true because almost all investors will continue buying Bitcoin if they feel they won't experience problems using those funds for their own investments. In investment, it's clear when an investor never complains after buying, indicating that the person has a greater ability to continue investing using a particular method, especially if some methods are truly understood. Currently, Bitcoin hasn't risen above $63,000, so all investors still have the opportunity to use their funds to buy Bitcoin, whether by buying all at once or in installments using the DCA method.

[Nwaswago]

You said you need to watch the market before buying Bitcoin. So tell me, how long should we watch before we start? A month, six months, or a full market cycle?

He is probably talking about speculating in the market to know the best entry point to maximize his potential to make more profit after this. Sometimes we need to take our time to understand the market truly; this is when we discover the season we are in and the recent performance from the market before we decide how to come in.

Of course over every investment we are making we should have a plan towards the position we are going totoake on it, another thing to consider is having a particular strategy that will enable us to maintain holding our investment after buying, just as you wanted to speculate to know the particular entry point you are giving to invest, everything in cryptocurrency Bitcoin investment comes with a step at a time and we must be deliberated on how we go about with anyone of them to make things work out as we expected.

This is also where the DCA plays it's role, you don't get to wait to understand the market before you decide how to come in but rather you can get in right away provided that you have your discretionary income for investment, trying to understand the market before you come in will lead you in to making an investment driven by emotion but with DCA you are free from this emotional stress, there is nothing like best entering point other than when you have your investment money and ready to be used, an investor don't get to be chasing the market waves before taking their decision.

I think many people misunderstand what "understanding the market" means. It doesn't mean waiting months or years until you find the perfect entry because that day may never come. It means understanding what you're buying, why you're buying it, and how you'll react when volatility arrives.
That's why DCA works well for most people. It removes the pressure of predicting tops and bottoms while allowing you to build your position over time. Even if you study the charts for six months, fear and greed can still lead you to make poor decisions if you lack discipline.i would say know shouldn't delay your actions indefinitely but shape your strategy and discipline

[samadam007]

I don't see anything wrong with trying to predict the price of bitcoin, as long as you don't dwell on that prediction, but the moment you make a prediction and start to plan your investment around that prediction you will not be able to handle it when reality hits and things don't go the way you planned for them to, bitcoin is more or less impossible to predict 100% so while we can definitely try our luck we shouldn't depend on it.

Are you trying to normalize price prediction? because I don’t understand you. While everyone naturally have opinion about where the price might go to, consistently trying to predict short term movements can influence someone to end up making emotional decisions based on those predictions

Most folks start planning the moment they make that prediction. Saying “as well as you don’t dwell on that prediction” is vague. Even if one does not obsess over prediction, they may still let it influence when they buy or change their accumulation plan because they will believe their prediction has value; and that is form of market timing.
Investing in Bitcoin should not based on "trying your luck". The statement make it sound like gambling. A disciplined investment strategy should be on managing risk, invest only what one can afford and following a plan, not luck

[Stive009]

I don't see anything wrong with trying to predict the price of bitcoin, as long as you don't dwell on that prediction, but the moment you make a prediction and start to plan your investment around that prediction you will not be able to handle it when reality hits and things don't go the way you planned for them to, bitcoin is more or less impossible to predict 100% so while we can definitely try our luck we shouldn't depend on it.

It is wise for us not to try to normalize price predictions. It is one thing to have a mental calculation or idea about the market, and it is another thing to bet your hard-earned money on that idea. In reality, this is where most of the problems start. Many of us think that if we wait a little longer, the price will fall further, then we can buy. On the other hand, some think that there is no point in buying now the price will fall further later But when the market starts moving in the opposite direction to our idea, we either have to buy at a much higher price than before or we have to look back with regret because we have missed a good opportunity On the other hand the opposite also happens. Some people think that the price will go up like a rocket right now and suddenly pour all their money into it. Although these may seem like simple personal opinions from the outside in reality we are trying to time the market or predict the future like magicians. In my opinion, the real problem is not with the calculation, but rather with showing excessive overconfidence in our own calculations. Because we all know how much the short term price of Bitcoin is affected by the world economy or any sudden news or new government regulations. In all of this it is simply foolish to assume that any one assumption or chart is 100% true. This is why I think your investment plan should be such that whether your assumption is true or wrong, you will not suffer any loss. If you make up your mind from the beginning that you will do DCA a little bit every month according to your ability. Keep a good account of the backup fund on hand and be a long race horse without looking at the daily price fluctuations, that is your plan will be long term. Then you will see that you will not need to worry about which direction the price will go every day. Then you will not make any wrong decisions based on emotions, but rather you will follow a rule. At the end of the day, those who succeed in Bitcoin in the long run are not masters at predicting prices. Their real credit is that they have been able to quietly work according to their own plan without paying attention to market hype or rumors.

[ZeroVinsonN]

You said you need to watch the market before buying Bitcoin. So tell me, how long should we watch before we start? A month, six months, or a full market cycle?

He is probably talking about speculating in the market to know the best entry point to maximize his potential to make more profit after this. Sometimes we need to take our time to understand the market truly; this is when we discover the season we are in and the recent performance from the market before we decide how to come in.

Of course over every investment we are making we should have a plan towards the position we are going totoake on it, another thing to consider is having a particular strategy that will enable us to maintain holding our investment after buying, just as you wanted to speculate to know the particular entry point you are giving to invest, everything in cryptocurrency Bitcoin investment comes with a step at a time and we must be deliberated on how we go about with anyone of them to make things work out as we expected.

This is also where the DCA plays it's role, you don't get to wait to understand the market before you decide how to come in but rather you can get in right away provided that you have your discretionary income for investment, trying to understand the market before you come in will lead you in to making an investment driven by emotion but with DCA you are free from this emotional stress, there is nothing like best entering point other than when you have your investment money and ready to be used, an investor don't get to be chasing the market waves before taking their decision.

I think many people misunderstand what "understanding the market" means. It doesn't mean waiting months or years until you find the perfect entry because that day may never come. It means understanding what you're buying, why you're buying it, and how you'll react when volatility arrives.
That's why DCA works well for most people. It removes the pressure of predicting tops and bottoms while allowing you to build your position over time. Even if you study the charts for six months, fear and greed can still lead you to make poor decisions if you lack discipline.i would say know shouldn't delay your actions indefinitely but shape your strategy and discipline

This is an interesting way to look at things, if only most of the people who are obsessing with understanding the market had this kind of insight though I would say most time people start out with good intentions till they end up going down the wrong path, really just figure out what you need to buy with which is your discretionary income and with the DCA you don't even need to try to understand the market, it also makes handling the volatility of bitcoin a whole lot easier.

[Exitoral]

I think many people misunderstand what "understanding the market" means. It doesn't mean waiting months or years until you find the perfect entry because that day may never come. It means understanding what you're buying, why you're buying it, and how you'll react when volatility arrives.
That's why DCA works well for most people. It removes the pressure of predicting tops and bottoms while allowing you to build your position over time. Even if you study the charts for six months, fear and greed can still lead you to make poor decisions if you lack discipline.i would say know shouldn't delay your actions indefinitely but shape your strategy and discipline

The thing that influences people emotions is expectations as regard Bitcoin predictions. People make predictions and in return expect it to play out. Meanwhile the market is a no respecter of anybody. They get disappointed when it turns south.

So what should people do instead? I think one should pay less attention to the price of Bitcoin. Not saying you should ignore it. Because you can't really. News, pop ups on your phone will make it likely impossible to ignore. But paying less attention is better. Don't forget your systematic accumulation.

Always be prepared of what is to come and not. What happens if my finances goes south, what and what can I do to make my investments flawless. They might be setbacks but that's the whole essence of preparation.

[Alonso_]

A good investor will not analyze the market and try to find the lowest entry point for a profitable purchase of bitcoin. He should focus on consciously starting to make periodic purchases and not interrupting this process. And in order not to interrupt the purchase of bitcoin, he must be absolutely clear about the expenditure of funds for the needs and how much money remains each month. Personally, I use a counting app for this. This allows you to find a convenient measure for investing, as well as understand how to create an emergency budget so that in no case do not take money from investments in case of unforeseen circumstances.

And analysing the price of Bitcoin always have bad effect. Though one may be lucky and analyze it to the speculated price which they want to buy but that is not the end. After analysing the price of Bitcoin their is always a desire of how one wants the price of Bitcoin to move and when it is not like that it becomes a problem,  this is just one of the effect of analysing the price of Bitcoin. After analysing their is always an expectation and bitcoin being unpredictable it can make one to do otherwise that may effect the investment.  Understanding their is no good time to bitcoin makes one to invest and not expecting how the price bitcoin will be at anytime.

I think people that are always interested in analyzing the market are probably people who are interested in trading, if you’re someone who is interested in buying bitcoin and wants to buy and accumulate on a regular basis, you will not be interested in speculation, always watching the price of bitcoin can cause panic, to think otherwise of selling off our bitcoin, a long term investor wouldn’t speculate or be watching the price of bitcoins in the market, the price of bitcoin is unpredictable, but if someone feels that they did predict the price of bitcoin I would obviously see that as a luck, doesn’t mean that they’re prefect.

[BluebloodCXVI]

And analysing the price of Bitcoin always have bad effect. Though one may be lucky and analyze it to the speculated price which they want to buy but that is not the end. After analysing the price of Bitcoin their is always a desire of how one wants the price of Bitcoin to move and when it is not like that it becomes a problem,  this is just one of the effect of analysing the price of Bitcoin. After analysing their is always an expectation and bitcoin being unpredictable it can make one to do otherwise that may effect the investment.  Understanding their is no good time to bitcoin makes one to invest and not expecting how the price bitcoin will be at anytime.

I understand you @Sobz, but all what you have said doesn’t mean that price analysis is useless.

Things like supply dynamics, adoption, market trends and macro liquidity can still be very helpful to an investor.
They get to be able to decide how much risk they are comfortable with taking, how they can size their position, and just how they approach the market in general which i don’t think is a problem.

Where the problem comes is when analysis starts to become less about understanding the market and more about always trying to predict exactly what will happen in the market.
Some people could become emotionally attached and start to put their mind on a specific outcome.
And if by happenstance, the outcome they expected doesn’t happen, they could begin to spiral out and make irrational decisions.
 
All i’m saying in short is that, a person desire for the price to move in one certain direction can even be more dangerous than the price movement itself.
And even though removing that desire doesn’t guarantee profits for you, it sure does eliminate one of the most common ways in which people lose their money in Bitcoin.

[Rabata]

A good investor will not analyze the market and try to find the lowest entry point for a profitable purchase of bitcoin. He should focus on consciously starting to make periodic purchases and not interrupting this process. And in order not to interrupt the purchase of bitcoin, he must be absolutely clear about the expenditure of funds for the needs and how much money remains each month. Personally, I use a counting app for this. This allows you to find a convenient measure for investing, as well as understand how to create an emergency budget so that in no case do not take money from investments in case of unforeseen circumstances.

And analysing the price of Bitcoin always have bad effect. Though one may be lucky and analyze it to the speculated price which they want to buy but that is not the end. After analysing the price of Bitcoin their is always a desire of how one wants the price of Bitcoin to move and when it is not like that it becomes a problem,  this is just one of the effect of analysing the price of Bitcoin. After analysing their is always an expectation and bitcoin being unpredictable it can make one to do otherwise that may effect the investment.  Understanding their is no good time to bitcoin makes one to invest and not expecting how the price bitcoin will be at anytime.

It is not that an investor will lose money just by analyzing the price. If you want, you can observe the market conditions, learn from previous price fluctuations, and also get an idea of ​​your risk. I don't see any problem in that. The problem is that after the analysis, you use that as the next sure lowest price.

You may already have discretionary income to buy regularly. However, if you don't buy today and wait for a lower price, your price estimate may be correct, and the price you are waiting for may not come. In this, you have not only eliminated a few purchases but also made your own long-term savings plan dependent on market estimates. Which may make the investor's behavior similar to that of traders. The main plan for saving in the long term is to continue saving regularly with discretionary income within your means. Not to rely on market price estimates.

[Charcol]

And analysing the price of Bitcoin always have bad effect. Though one may be lucky and analyze it to the speculated price which they want to buy but that is not the end. After analysing the price of Bitcoin their is always a desire of how one wants the price of Bitcoin to move and when it is not like that it becomes a problem,  this is just one of the effect of analysing the price of Bitcoin. After analysing their is always an expectation and bitcoin being unpredictable it can make one to do otherwise that may effect the investment.  Understanding their is no good time to bitcoin makes one to invest and not expecting how the price bitcoin will be at anytime.

Things like supply dynamics, adoption, market trends and macro liquidity can still be very helpful to an investor.
They get to be able to decide how much risk they are comfortable with taking, how they can size their position, and just how they approach the market in general which i don’t think is a problem.

I disagree. Will the chart determine how much risk an investor can take?
How much risk an investor can take, how large a position they can build, depends entirely on their financial situation, not on looking at the chart. The chart doesn't know anything about your monthly expenses, emergency fund, loans, job stability, and discretionary income. So even if the price of Bitcoin looks cheap from the chart, if you have little discretionary income, buying more may not be a good idea for you. Again, even if the market price seems high, there is no need to stop buying regularly if you have discretionary income after covering expenses.

[Tetu100]

Some folks keep delaying their starting, just because they want to know and understanding every details of bitcoin, but once put that mindset first, it often leads to endless waiting and end up regretting. You do not need to understand every detail about bitcoin before first bitcoin. as an investor once you understand the basics is enough for you to started, because some of valuable lessons come from participating in market. But once having the discretionary income and start with amount you are comfortable leaving invested for long term. What is really good thing about starting small? Good thing is that, start small reduce the amount of risk and help people to gain firsthand experience while keep their financial risk manageable.That mean you experience every movement of the market yourself and gradually build confidence. The important thing is not delay your investment and stay consistent with accumulation instead of fear of imperfection.

I'm getting your point mate. Some people tend to know everything before venturing in Bitcoin investment forgetting that it can't be possible even if it take them some much time. However, I still can't figured out why many new investor love distancing round a cycle instead doing what's right. For those that are curious, it's not mandatory that we must get to understand or know in details about everything concerning Bitcoin investment before we must start, at any point you have your discretionary funds at hands no need to keep on wasting time , just process and that's is.  Furthermore, experience itself is a great teacher, maybe as you keep on proceeding in your investment journey you can be getting used to others related things or knowledge that can be also useful to your investment process. The fact is that you don't wait to know all before getting started, instead start first and keep learning at the process in your investment.

[MAHICO]

I think people that are always interested in analyzing the market are probably people who are interested in trading, if you’re someone who is interested in buying bitcoin and wants to buy and accumulate on a regular basis, you will not be interested in speculation, always watching the price of bitcoin can cause panic, to think otherwise of selling off our bitcoin, a long term investor wouldn’t speculate or be watching the price of bitcoins in the market, the price of bitcoin is unpredictable, but if someone feels that they did predict the price of bitcoin I would obviously see that as a luck, doesn’t mean that they’re prefect.

There are some characteristic differences between investors and traders, as well as their mindset and activity.
A trader's activities, mindsets are:

• Wants to time entries and exits
  Sees fiat profits more than Bitcoin amounts
  Relies more on market predictions
  Is more influenced by emotions
  Focuses more on short-term prices
  

On the other hand, an investor's goals and objectives are completely different:

• Prioritizes accumulation
  Has a long-term plan
  Follows a regular buying plan
  Takes price declines as a given
  Can see prices, but does not manage plans with prices
  Uses additional funds outside of expense

These small differences make a big difference in investing. Increases the investor's chances of success.