Wrong way to accumulate.

[Litzki1990]

Every investor has a certain plan according to which they usually invest. Many people plan for long term investment and many people plan for short term investment and there are some investors who plan for long term investment but when the market increases more than their expectations they sell their investment ihow investors invest it totally depends on an investor. People who are more risk-averse in investing and have more money invested usually decide to invest for a longer period of time. Most of the investors invest with risk in the initial stage, but later due to market changes, they cannot hold their investment and sell their investment with some loss of money. Investors who can take the risk and hold Bitcoin through good and bad times ultimately succeed in investing.

[Odusko]

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

I think the profit taking is a bigger problem than accumulation. Too many people are setting goals for bull markets, like waiting for $100k and completely miss out on opportunity to sell high and then buy low. It's okay to not want to be a short-term trader and hold, but every bull market has a short window of opportunity for maximizing the profit. If you take this opportunity, it becomes less important how you accumulate.

The inability to take profits at the right time is the worst possible practice,  many investors who are in for either long-term or short-term goals missed the opportunities that come along the way we're the volatility of the bitcoin market presents them the opportunity to cash in some gains using the DCA approach when the price rise in-between and correct back again.
Selling all the way up and buying all the way down is the fastest way to grow your Bitcoin accumulation and at the same time cut the edges against the dollars,  using BTC vs $ against each other where the market determinant remains Bitcoin price at the time.

[flyingcarpet]

Every investor has a certain plan according to which they usually invest. Many people plan for long term investment and many people plan for short term investment and there are some investors who plan for long term investment but when the market increases more than their expectations they sell their investment ihow investors invest it totally depends on an investor. People who are more risk-averse in investing and have more money invested usually decide to invest for a longer period of time. Most of the investors invest with risk in the initial stage, but later due to market changes, they cannot hold their investment and sell their investment with some loss of money. Investors who can take the risk and hold Bitcoin through good and bad times ultimately succeed in investing.

Those who invest in Bitcoin for a certain period of time start making long-term investments after a while. Because they are starting to believe in Bitcoin. The long-term investor knows that the price of Bitcoin will fall for a certain period of time. It tries not to be affected by this change in Bitcoin price because it has a target price and starts to wait. Not all long-term investors are the same, but many continue to hold their investment no matter what happens in the market negatively. They usually achieve their desired goal.

Long-term investors have not lost in Bitcoin's history. But the main thing here is to be able to wait. This requires financial strength.

[summonerrk]

Basically almost every bitcoiner is in for accumulation committing  certain amount of investment with a timeline to it. It could be for short term or long term plan.

Some investors starts with a short term in mind then later progresses to a long term arising from a reassessment on how they were unable to meet  up their planned portfolio target with the initial short term frame.
For it's healthy when people set an accumulation target in accordance to their financial strength, as doing otherwise by acting like you're in a competition with other investors you may end up uncontrollably investing all you  have got (what I term hyper-investment) with nothing left in hand to solve other pressing financial needs/demands putting yourself under pressure where you may have to alter the total amount you have invested, jeopardizing your plans.

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

When I become a bitcoin investor, I will say that only with time you understand that you need to take your time to get a real profit of the cryptocurrency market. Scalping and other bullshit are ways to drain your deposit as soon as possible and stay without cryptocurrency.If you invest in bitcoin, you need to understand that the profit will not be soon, and for months and years you need to almost forget about your orders, whether they are pending purchase or resale orders at the top of the price range.

[SmartGold01]

Accumulation period and processes can never be measured or quantified with another since our basic income are never the same and people tends to stock gradually in respect to their monthly investment plan and this could only be possible if only the set some target, or a projection to what amount can be used to accumulate bitcoin.

There are some people who may want to speedily buy and hold since they already missed the line and this could be a challenging time for those who aren't financially stable as others and of course, there's no point competing while they knows that bitcoin accumulation only follows by your basic salary saving plan (this could be daily, weekly or monthly) but provided that you have income that keeps flowing accumulating bitcoin wouldn't be that difficult and of course, it won't if only you there a savings inform of cushion that would serve for the period of your investment.

This cushion would be as a reserved fund that would cater for your expenses maybe after when there is no active job and or work at hand to keep your accumulation process going the cushion would served a long way to keep footing for your expenditures when there is no active job and this would make you not to alter your plan or quickly haste to sell off your bitcoin without your predicted and determined plans for your holdings till you secure another job at hand to keep your investment processes going.

This depending on the amount that keeps coming by the end of the month, it could be 50$ to 1000k and as a good bitcoin investor or a bitcoiner who believes so much in bitcoin might 30 to 50 percent investment plans out from your total monthly income or basic salary, at this point also create out your cushion and reserve fund plan to back your bitcoin accumulation period. This alone will assure you a successful bitcoin saving plan and would as well last for whatever year without being in haste to cheaply sell of your bitcoin.

[slaman29]

Personally, I think investors are just those who think long term and they all follow some kind of simple formula that doesn't think of Bitcoin any differently than all the other assets they may have in their portfolio.

That's the mistake most people make. They see Bitcoin as special, like it can go 10x normally just because of past growth. And you never presume in investment.

Now you should not expect such a big growth from bitcoin, or rather, growth will be expected, but it most likely will not reach such high levels as it was before. The reason is simple, the more expensive bitcoin becomes, the more money it needs in order to double. I don’t expect anything supernatural from bitcoin, x3-x5 I think it will be quite within reach in this bull market.

I don't at all, and that's my whole point in saying that the mistake most people make is thinking Bitcoin can go another 10x hence the nonsense bets of 100k by 2024, and 1 million by 2025. Not sure how you got that I thought big growth is my prediction, I'm saying majority investors have this expectation. Or should I say are told to believe it!!

I believe in $100k and even a million but not soon.

[lovesmayfamilis]

I often see news reports that this or that person is selling his property in order to invest in Bitcoin. But on the other hand, he is not at all prepared for the fact that the probability of his profit in a certain waiting period will not consist of the amount of profit that he expects. When asked why he risks everything and leaves no funds for a normal existence, he replies that he is in a hurry to have time to buy Bitcoin at the price that it is now, since many are sure that in the future the price will rise to sky-high peaks. Some telegram channels provide them with such information, and many people lose their money at the moment, believing in a quick profit.
Based on the foregoing, I would suggest not placing high hopes on Bitcoin and investing in it as far as possible without depriving yourself of all the necessary things for a normal existence in today's world. I proceed from the idea that it is necessary to live here and now since it is not known what future awaits us or whether it will exist at all or not.

[gunhell16]

Basically almost every bitcoiner is in for accumulation committing  certain amount of investment with a timeline to it. It could be for short term or long term plan.

Some investors starts with a short term in mind then later progresses to a long term arising from a reassessment on how they were unable to meet  up their planned portfolio target with the initial short term frame.
For it's healthy when people set an accumulation target in accordance to their financial strength, as doing otherwise by acting like you're in a competition with other investors you may end up uncontrollably investing all you  have got (what I term hyper-investment) with nothing left in hand to solve other pressing financial needs/demands putting yourself under pressure where you may have to alter the total amount you have invested, jeopardizing your plans.

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

I'm just as simple as I want to save bitcoin, I'll just have it if I'm a long-term investor. Because if you are a community here in the crypto space and you want to save bitcoin that you are not paying a lot in a company, you will have a hard time getting bitcoin or what we say is a DCA approach. Because of that opportunity when you have accumulated and suddenly you have emergency problems, because it is not your big paycheck and even less, it is possible to move or sell at the time of the bitcoin you are accumulating.

This is the thing that sometimes even it is against our will we have nothing to do because of the need for the situation we face that is unexpected, so the investment of bitcoin should always have too much money for you to accumulate right for it

[Crypt0Gore]

This is why crypto investment is not ideal for people without a consistent income flow. If you invest all you have into crypto and you end up with no money, you are a bad investor.

Crypto markets are unpredictable, and even though all the answers can be seen from chart actions, we can still be wrong at times. As a result, you must have something going on already in your life, so that even if unexpected movements occur, you will still be able to take advantage of the dips and DCA.

Since last year, I've been DCAing into Bitcoin and still do today. Even if there will be a massive retracement, I have a job that makes me money so I will never miss a buying opportunity.

A successful investor must have a job and they must always have some left over money in USD or stable coins, in case a sudden drop happen to Bitcoin, the best DCA strategy is to never run out of money, and this is only possible if you have steady income.

[MarjorieZimmermanGinger]

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

Even though bitcoin is one of the best investments we can make, it is not recommended to try to accumulation beyond liability for loss. Bitcoin can still be accumulated according to the financial level we have and the best way to use DCA, so that when people use this pattern it doesn't create a burden on the capital they have or to meet other needs. It's different when investors have a much larger level of capital and they can just try to accumulate as many bitcoins as they want.

It's never too late when someone wants to invest in bitcoin and forcing investing with unstable finances is also not a smart choice. It's best to use the easiest way to collect bitcoins and not make us dizzy, after finding success or getting big profits just trying to increase investment in a big way according to our wishes.

[Blitzboy]

Accumulation period and processes can never be measured or quantified with another since our basic income are never the same and people tends to stock gradually in respect to their monthly investment plan and this could only be possible if only the set some target, or a projection to what amount can be used to accumulate bitcoin.

There are some people who may want to speedily buy and hold since they already missed the line and this could be a challenging time for those who aren't financially stable as others and of course, there's no point competing while they knows that bitcoin accumulation only follows by your basic salary saving plan (this could be daily, weekly or monthly) but provided that you have income that keeps flowing accumulating bitcoin wouldn't be that difficult and of course, it won't if only you there a savings inform of cushion that would serve for the period of your investment.

This cushion would be as a reserved fund that would cater for your expenses maybe after when there is no active job and or work at hand to keep your accumulation process going the cushion would served a long way to keep footing for your expenditures when there is no active job and this would make you not to alter your plan or quickly haste to sell off your bitcoin without your predicted and determined plans for your holdings till you secure another job at hand to keep your investment processes going.

This depending on the amount that keeps coming by the end of the month, it could be 50$ to 1000k and as a good bitcoin investor or a bitcoiner who believes so much in bitcoin might 30 to 50 percent investment plans out from your total monthly income or basic salary, at this point also create out your cushion and reserve fund plan to back your bitcoin accumulation period. This alone will assure you a successful bitcoin saving plan and would as well last for whatever year without being in haste to cheaply sell of your bitcoin.

The whole point of accumulating any asset, let alone a game-changer like Bitcoin, is to understand the power of compound interest and the benefits of dollar-cost averaging. It's not just about "setting a target" or tying your investments to your basic income. Its about recognizing the exponential potential of Bitcoin in reshaping our economic landscape.

While your comment on the cushion fund has some merit, its a rookie strategy to ensure liquidity. Any serious investor in the realm of blockchain knows that liquidity management is paramount, but linking it to job security is oversimplifying and frankly naive. Bitcoin's strength lies in its decentralized and deflationary nature, not in how one perceives their salary

The variability of an individual's income ($50 to $1000k, as you mentioned) should never deter them from understanding the real value proposition of Bitcoin. It's about time people realize that Bitcoin isnt just another asset to diversify one's portfolio. It is THE asset that can potentially hedge against systematic financial risks, if you're smart enough to see its potential.

[shivansps]

Investing money that you cannot afford to lose is one of the worst decisions you can make in the crypto world. Even if it brings money, it may have a bad effect later.
It is also a terrible decision to take out a loan for investing in bitcoin or to borrow money from someone for this purpose.
I understand your question. I believe that gradually investing in bitcoin without nerves and stress will be the best solution.

[jeraldskie11]

In my opinion, when accumulating Bitcoin, there should be no time limit for selling it. We cannot predict when to get to the desired price. All we have to do is be patient with our investment and wait till we can profit from it before selling. We must avoid greed, be calm, and practice self-control. Avoiding watching the chart from time to time can help you control your greed. Follow and stick to your investment plan. This will assist you in avoiding failure in your future investments.

[Zanab247]

Many investors lack personal research, which is the reason many of them are still calling BTC investment a scam because they thought BTC price is a something you can predict on the time and succeed at the end without the right time for the price to pump or dump. When you purchase BTC when the price is high in the market, it will not help you to make profits like the way those that purchased when the price was low in the market which is some of the wrong accumulation that is leading some investors to experience losses in their investment. When you are stable in your personal research to know when to buy and when not to buy BTC, it will help you to accumulate very well in the area of profits making in the community.

[armanda90]

Every investor has a certain plan according to which they usually invest. Many people plan for long term investment and many people plan for short term investment and there are some investors who plan for long term investment but when the market increases more than their expectations they sell their investment ihow investors invest it totally depends on an investor. People who are more risk-averse in investing and have more money invested usually decide to invest for a longer period of time. Most of the investors invest with risk in the initial stage, but later due to market changes, they cannot hold their investment and sell their investment with some loss of money. Investors who can take the risk and hold Bitcoin through good and bad times ultimately succeed in investing.

Investor with long term investment due cryptocurrency coins has stable on lower price and their decision for long term is not wrong waiting until  going back to higher price later. Its seems happening for investor have much money and they don't face problem when accumulating every time during still in lower price. Not easy for investor with small fund for long term investment because they need take profit in daily day and accumulate based on their profit earn and short term investment is the best option for them than long term. There are not difference risk when investor choosing option between short or long term investment depend on each investor passion.
I adopted with both kinds of investing between short or long term, when having much capital use with long term investment but short term is last choose when having small capital.

[SmartGold01]

Snip

The variability of an individual's income ($50 to $1000k, as you mentioned) should never deter them from understanding the real value proposition of Bitcoin. It's about time people realize that Bitcoin isnt just another asset to diversify one's portfolio. It is THE asset that can potentially hedge against systematic financial risks, if you're smart enough to see its potential.

I think the basic thing there is that everyone must not follow the sequence how others should be, and for any investment the investor should know the risk associated with it and be able to manage it properly. Over sometime people do not look at the risk but rather centered their efforts on the profits aspect which actually makes them not to for long time, understanding the purpose of investment always helps in securing and safeguarding their investment without being haste to sell.

About the cushion, well as I think is another way to help your investment not to be altered since it's serving as a reserved fund. And however, anyone who doesn't invest through his income or basic income where then do they get their money to invest or to keep accumulation of their bitcoin, Yes I know and it's a valuable asset that doesn't need to be altered but sincerely speaking you need something reserved fund or cushion to help you allow your investment last longer than expected as the case maybe.

[LogitechMouse]

~
You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

I think the problem with most of the investors right now is their way of thinking when it comes to investing into Bitcoin.

This isn't intended for newbies only, but there are some investors in general who are going all-in into crypto because they believe that they can earn money faster when they invest into crypto compare to other types of assets out there, so what they're doing is that they will invest a certain amount of money, and they will think that they need to maximize the profits thus, investing more and more money for maximum profit until it came to a point that they can't afford losing that money anymore. What's worse is that some of them are panicking when they saw their holdings going down even as low as 5% only or sometimes even double-digits. This types of decisions really ruins the investor. Investing what they can't afford to lose, and panicking when they saw their portfolio going down. Both of these are recipes for disaster for the investor.

Thoughts? I guess I already said it. What I will add up is that, having a strategy in accumulating always works 100% of the time. DCA or whatever strategy it is, you must have a strategy, and strictly follow that one. That also comes in selling, and not only in accumulating. You must have a strategy in accumulating, but at the same time, you must have a strategy in selling.

[Ahli38]

At the beginning, I personally also made mistakes in the way I accumulated bitcoins for myself. That happened when I first got to know bitcoin. Well, my mistake at that time was that I was in a hurry to accumulate. Can't wait for the price to correct or something. And yeah because I'm in a hurry I've also bought large quantities at once. But then I learned about the DCA strategy and only then did I realize that the accumulation process that I did at the beginning was wrong and could stress me psychologically.

Then I realized that my goal of accumulating bitcoins was for the long term. So of course in accumulating it there is no need to be in a hurry because there really is no time limit for doing so. In the beginning I overexerted myself in accumulation even when I was short on money. But now I'm more relaxed. That is, only continuing the accumulation when I do have money left over that I really won't use. Sometimes I put in a few percent of my daily trading profits and collect it in a week and then I spend it in bitcoins.

[tjtonmoy]

Why not just HODL? Buy and keep your Bitcoin safe. That's all it takes. Have good emotional control so that you don't take any wrong decisions. Trading is a good way to do it only if you know how to do it. Otherwise, you are good with just HODLing. In trading, with buy and sell, you may see that you are accumulating less bitcoin than what you can achieve by just Hodling for a long time. Don't get me wrong, I am not saying that you shouldn't trade. But it will never say it directly to start trading right away. It is a complicated process. So before you learn it fully, the best way will always be HODL. Add DCA to it and there's nothing left to do than wait for the right moment. With Bitcoin buying, there aren't any right or wrong moments, it only matters when you decide to sell.

Set a target, if not filled, make a new one. And if it's achieved, then don't be greedy in hopes of more profits. Take what you have originally planned for. Try out the basics first and then as you move forward, learn the complicated ones. That's the best way to do it.

[Solosanz]

It's wrong to accumulate Bitcoin when someone can't afford to lose his money in short term and he's not trust in Bitcoin. Such person only want to make quick money which is they might try to buy shitcoin and gamble it. Bitcoin holder must be a strong hand otherwise he can't wait at least for 4 years, it's a minimum if someone want to invest in Bitcoin for long term purpose.