I have resolved into buying more and caring less

[Zilon]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

[1714241979]

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[palle11]

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

[Jody.Drummer]

As long as you are ready to hold it for a long time that was never thought of before, it's a good move. But you must also pay attention to your needs, lest you be forced to sell what you have collected due to urgent circumstances. It's a good situation when you are pressured and forced to sell bitcoin when the market is recovering and it gives you profit, but if it's the other way around, it's a loss, of course. My advice, besides investing in bitcoin, we also have to prepare savings that are separate from the assets that we will hold for a long time, so we don't have to sacrifice our bitcoin assets in a state of urgency at any time.

[Sterbens]

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

But in my opinion, what Op said is also true, because being rich is different from making a profit. If people aim to be rich they usually become greedy, and many of those who aim like that do anything, even though, they don't know what they are doing. As for getting a profit, we must have calculated what target to achieve, and after hitting the target we usually always emphasize taking everything, or just taking profits. Because if you say so, who invests without thinking about profit?

[royalfestus]

8 out of 10 times, I will choose to act against the trend in cryptocurrency. Trends always distract and mislead. Sometimes silence in the market space means much, but money flows into market hype, where I decide to invest 20%. Most people ignored meme hype and made money from most market hype, however, a 20% decision requires a managed risk decision. It may also depend on how people react when it becomes popular.

[Beparanf]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

At what price is too high? You can always buy a fraction of Bitcoin whatever the price is so I doubt you can set a price to determine a too high for you once the price continuously pump. Everybody says this same thing when Bitcoin price first reach the 1000$ mark since the price stays below 100$(Correct me if I’m wrong) for a long time then a sudden bull run appear. People adjust their valuation of Bitcoin as time passes by base on what is ATH. So having a hypothetical price for you to stop will be very hard to follow imho.

[adaseb]

Well you are one of the few that actually bought recently, most sold because they expected the worst for bitcoin and crypto. Remember how bad it gotten back in November? Look at all those BTC withdrawn from exchanges, and many were sold and withdrawn into fiat because nobody trusted any exchanges. Many exchanges wanted to keep people calm by publishing proof of funds but even that had a negative response because those proof of funds didn't always look genuine. So people just quit and never came back. Retail left crypto.

The OP is the only one that actually bought in at the bottom, most buy at the top. And this is why many end up losing money. Not only with crypto. Same with stocks and real estate. Look how many people overpaid for real estate and they are now holding the bag on a property that lost double digits value in less than 1 year. People need to be patient and value investors like OP and not have FOMO and get caught holding the bag for many many years while everybody else is making good money.

[Ultegra134]

I'm not actively purchasing bitcoin myself, but I receive a steady amount on a weekly basis through my signature campaign. Unfortunately, I don't have the budget now to keep buying, otherwise I would. I've stopped bothering about the market situation, not to mention that during a bear market you can accumulate more, so that's a huge plus that I don't mind at all.

I don't see the point in caring about the market situation during a full economic recession; nothing much is performing well now, and there's absolutely nothing we can do but wait it out. I'm in the red during the bear market, but with the first real bull run, I'll reach my DCA; I'm just a little off. 

[Ahli38]

As long as you use money that really won't be used in the near future. then it will make you more comfortable in spending your money to invest more in bitcoin for the long term.
Everyone's accumulation method must be different. But DCA has done a lot at this point. and it seems that long-term investors have done a lot of that. and i also do the same thing. Average Down is also needed in a bearish market situation. and makes the average purchase cheaper. so that it is hoped that it will provide maximum profit for the long term when the increase has started.

Having a target price is a strong enough motivation to invest. and coupled with the strengthening of a mature analysis will keep us mentally awake. But in the end, sticking to the money we are prepared to lose will make us calmer.

[dothebeats]

Good for you if you have the money. You no longer have to worry about buying during the dip or all of those advice that seasoned traders give out to the newbies. You just buy and forget, as what a lot of people do a few years back and were rewarded with insane profits that they never expected. Even I was doing this thing for years, and even if a lot of people advice against it, there's no doubt that hold and forget really works.

[slapper]

Regarding ignoring the short-term fluctuations in the Bitcoin market in favor of concentrating on the big picture, I couldn't agree with you more. The market will do what it wants to do, and no amount of study can alter that. On the other hand, I believe it's crucial to strike a balance between paying too little and paying too much while making a purchase. It's great to be ahead of the curve and make an ATH, but you need also be aware of the dangers and volatility of the market.

Having a diversified portfolio may help reduce the impact of any one unforeseen event. Rather of placing all your money into one security, diversify by purchasing things like stocks, bonds, real estate, and Bitcoin. This may assist mitigate any losses and boost your chances of making a profit.

As with any investment, Bitcoin is no exception; prospective buyers should do their own investigation and analysis before to making a purchase. As part of this process, it is important to learn about the underlying technology, the state of the market, and any proposed regulatory changes that might impact the cost.

[Fortify]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

Investing generally involves coming up with a plan that should include an exit, from the way you describe it you don't have much of a plan to get your money out at any point and are purely speculating. People who speculate tend to get greedy and lose much more in the long run. It's not like investing in a company, where they are making tangible profits each year and either re-invest it back profitably or pay it out to shareholders who are the real owners of the company. Ultimately most people need to convert bitcoin back into something they can spend and use in the real world, so it's a bit naive to just keep saying buy, buy, buy without a fixed point you've got in mind to sell.

[aoluain]

^
I think thats ok though. Zilon is looking at the long term and willing to plan now for then.

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

Its important to "Zoom out" in a way and not get involved with what the markets are
reacting on an hourly, daily or weekly basis. To practice dollar cost average buying
you dont necessarily need to know what the markets are doing and getting stressed
about catching the exact bottom.

[Yatsan]

It is easy to say. For sure you're aware that this industry has news surfacing the web in any online platform and you won't be able to avoid seeing it. Caring or being cautious with your investment is just normal because that is your money in the first place. What would be crucial is your action towards it whether you'd sell or cut loss, or be firmed and hold. There's more in this industry as well and that is one valid point to not worry that much, but if you still do, there's nothing wrong about it. We, as investors, has our own circumstances and different financial and mental capabilities in terms of our asset so there's no need to compare.

[JoyMarsha]

Regardless of whether the price is high or low, starting small investments in bitcoin is a sensible move because the idea is to hodl and avoid missing out on the bitcoin ATH. Nevertheless, we anticipate seeing an all-time high for bitcoin around the time of the halving season in 2024. But it's a good idea to begin thinking in terms of planning ahead. Your small bitcoin investment from now might end up being worth a lot more in the future. Just take your time and be patient.

[uneng]

When you have long term goals in mind you really don't have to care about what is going to happen today or tomorrow, as you know temporary market's conditions can't have any impact on bitcoin's fluctuations in matter of years. People who worries about each little fall in price don't enjoy the experience of being an investor at all, besides being under constant fear and uncertainity, what will make them sell their coins in the wrong time at some moment, as the pressure increases inside themselves.

I think you are completely right on your strategy. Buy most coins as you can afford, keep them stored safely, preferentially forget about your investments during your routine, do your stuff and live your life. Once the right time to gather the fruits come you will be ready and you will have the impression time passed so fast until that so expected moment, because you weren't worried every single day of your life with little oscillations.

[Hydrogen]

While I am a big supporter and fan of bitcoin maximalism. Don't forget that digital assets are reliant upon electronic networks and electricity. Both of which can become intermittent and unreliable in circumstances like natural disasters, wars or unexpected events. In this sense, it is good to diversity by holding whatever physical assets you can get your hands on to compliment your digital assets. In the event that catastrophic electronic or internet failure occurs.

There are physical assets and commodities which could be described as being deflationary in the current era, similar to deflationary digital assets like BTC.

Real Estate. Population growth in many regions occurs at a higher rate in comparison to home construction, resulting in real estate becoming an increasingly scarce and deflationary asset in terms of supply.

Firewood and lumber.  We definitely do not regrow forests and trees at a rate faster than they're being cut down. Trees are a deflationary asset, although this may not be completely clear at the moment judging by market trendsd.

Common metals.  Metals markets and industry has become extremely reliant upon globalisation. The decline of globalisation and global trade could result in common metals like steel and aluminum becoming deflationary in terms of local markets.

Agriculture.  Natural gas is used to produce agricultural fertilizers and agrochemicals. Agriculture is also very reliant upon globalisation. Which overall could lead to agriculture becoming deflationary in a local sense.

[Fiatless]

Good for you if you have the money. You no longer have to worry about buying during the dip or all of those advice that seasoned traders give out to the newbies. You just buy and forget, as what a lot of people do a few years back and were rewarded with insane profits that they never expected. Even I was doing this thing for years, and even if a lot of people advice against it, there's no doubt that hold and forget really works.

There are so many predictions about the price of bitcoin that will even make you confused. This is the first time I am seeing bitcoin rising since I joined the industry a few months ago. I don't think I would buy at this price because it seems too high for me and there are also predictions that this might be a very short mini-bull run which means that the price might go down. For now, I don't have the finance and courage to buy at this high price. But people are encouraged to buy because the real bull run might start in a few years

[Flexystar]

That’s better because keeping it saved for later is something a maximalist would do. In the current season of halving this is much needed. You never know how high bitcoin would reach this time, it’s better be ready than late in the crypto industry.

Also, never think that just keeping bitcoins stored is the best way to go. Meanwhile, one should also exchange coins when there is chance of trading it for the high low prices thus minting more coins in the process.

[passwordnow]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

You may say that the goal is not to get rich but you'll eventually get there if you're catching up with the trends and ATHs. Because you'll end up with a good result and more money to come and that's going to allow you to maximize the potential that you can ever had.
But what you're about to do is what others should do too and that's to be consistent in buying more no matter what the situation of the market is. And that's the motivation that everyone needed because everyone seems to be thinking again the same of how the pump makes bitcoin's price expensive for them.