Wrong way to accumulate.

[bitbollo]

I don't think there is a wrong way to accumulate... just because if you are smart enough, and of course will have always the cash/FIAT needed for some "essential services".
it's not really hard make such "aggressive" accumulation mentioned by OP with the proper pianification.
Nowadays it's plenty of services that allow btc storage (hot and cold wallet solutions) and easy way to spend the coins....

I know personally people that allocate not less than 30% of monthly wage in bitcoin.
Other ones (like me) that made purchase only on certain situation (I want to buy a service/price is convenient).

[famososMuertos]

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.

For a moment I understand your speech in the third person, then it seems that it is your experience but it does not fully materialize that this is your experience, I say this because one can read and refer to others, but that does not imply that it is your experience on the subject.

For example, which investors?  You... because you say that investors commit, mainly bitcoiners, that is a mention of a sensation or possibly you read it, because personal experience as you relate is not.

Then, as everyone follows his plans, they can only be a reference, and from there take the best ideas, if there are any, since what you see badly does not necessarily mean that it does not work.

[Kasabus]

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

Lack of patience.

They think that as people tell that they should DCA and they obliged, they'll already going to become rich. That's not it, even if you DCA and follow suggestion of experienced people, patience will still bring you far.

As said that it shouldn't be pressuring and stressing, many of the investors are not patient. They think that at all times the market is hyper, no it's not.

Patience is one key to success. If investors never been practicing it due to their greed on profits and just invest big time in order to gain quick profits, then obviously it will still end up unsuccessful. It’s not actually how many time you try to accumulate bitcoin or how big your capital is, but it’s how you handle your investments with the right attitude and patience that will help you not to be impulsive so you won’t end up with wrong decision making.

[Kelvinid]

There’s no wrong way to accumulate bitcoin as long as you don’t panic sell at a loss. If you buy & hold for a number of years you are historically, at least, always guaranteed to turn great profit. Due to the deflationary design of bitcoin it is very likely this will continue for the foreseeable future. So essentially, DCA or smash buy, whatever, patience & holding long term is the main thing to guarantee profits.

I'd never see any problem with the way we accumulate Bitcoin but what I notice is that we usually get it wrong in the time of selling because when we hear negative news and price decline, we then think about selling as we are worried about what comes next. Yes, panic or emotion is the most common reason why we lose and this is very often happens to newcomers. This is why it was been encouraged that we know how to be patient and we must know how to trust Bitcoin as this would help us to keep strong and become optimistic despite the market challenges that we experience.

[Sim_card]

There’s no wrong way to accumulate bitcoin as long as you don’t panic sell at a loss. If you buy & hold for a number of years you are historically, at least, always guaranteed to turn great profit. Due to the deflationary design of bitcoin it is very likely this will continue for the foreseeable future. So essentially, DCA or smash buy, whatever, patience & holding long term is the main thing to guarantee profits.

I'd never see any problem with the way we accumulate Bitcoin but what I notice is that we usually get it wrong in the time of selling because when we hear negative news and price decline, we then think about selling as we are worried about what comes next. Yes, panic or emotion is the most common reason why we lose and this is very often happens to newcomers. This is why it was been encouraged that we know how to be patient and we must know how to trust Bitcoin as this would help us to keep strong and become optimistic despite the market challenges that we experience.

Newbies are the ones that panic and sell off their bitcoin when they see a decline in the price of bitcoin because some of them don't understand bitcoin price movement and they think that it will only keep going up,and if reverse is the case,they feel that bitcoin price will keep on declining for long. Most of these newbies might have thought that bitcoin is a rich quick scheme and they will invest in short term. Maybe because they borrowed the money to invest and need to pay back with interest or maybe,they have use money for important thing to buy bitcoin. But for the OGs in bitcoin, when the price declines,it is an opportunity for them to buy more.

[Bitcoin_people]

In addition to what you mentioned, there are wrong ways to deposit bitcoins, there are many people who make the same mistake. For example, if an investor wants to invest in bitcoins by taking a loan from a bank or someone else, who will make the biggest mistake?  Again, there are many people who sell their assets like gold or land and think of depositing bitcoins with this money. So I would advise those people that instead of having such negative thoughts, it is best to think positively and invest bitcoins with your savings. Because we always have to think about the fact that there is volatility in the Bitcoin market which can put an investor at risk if he invests with debt. In that case, a bitcoiner should be fully aware of this and it would be better for him to use some of his earnings to accumulate bitcoins.

[Strongkored]

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

One of the wrong ways to accumulate Bitcoin is to invest in altcoins and when you get the profit convert it to Bitcoin so that the Bitcoin increases.
Altcoins can indeed sometimes provide bigger and faster profits but it is balanced with the risk of loss that we can accept because it turns out that the Altcoin we choose is the wrong coin, because until any time we will not be able to correctly choose which altcoin can provide profit, because many altcoins are created only for short-term purposes to take, and the market could not realize it until it finally became a coin that has no value at all because it has been abandoned by its developers who have made a profit, so buying altcoins for profit in order to continue accumulating bitcoins is like gambling

[Blitzboy]

In addition to what you mentioned, there are wrong ways to deposit bitcoins, there are many people who make the same mistake. For example, if an investor wants to invest in bitcoins by taking a loan from a bank or someone else, who will make the biggest mistake?  Again, there are many people who sell their assets like gold or land and think of depositing bitcoins with this money. So I would advise those people that instead of having such negative thoughts, it is best to think positively and invest bitcoins with your savings. Because we always have to think about the fact that there is volatility in the Bitcoin market which can put an investor at risk if he invests with debt. In that case, a bitcoiner should be fully aware of this and it would be better for him to use some of his earnings to accumulate bitcoins.

If history has taught us anything, it is that the quickest way to financial destruction is through leverage and rash decisions in volatile markets like Bitcoin! Selling actual assets for something as unpredictable as Bitcoin or taking out a loan? It's insane, not just foolish! Listen, throughout history, people have consistently made terrible decisions that were frequently motivated by greed and ignorance. Use your money at least if you're so anxious to join the Bitcoin craze. But always keep in mind that in a market as erratic as Bitcoin, you can end up ruling the hill or being laughed at by everyone

[KiaKia]

Bitcoin price action is unpredictable, I learn that even those who are very good at reading charts are some times wrong, instead of trying to see the future I just prefer to DCA into Bitcoin when I have the money, there will be no worries of what will happen to your money, unless you are in for short term only.

DCA will give you a good advantage instead of investing all the money you ever had or all the money you can afford at once unto Bitcoin, gradual investment will give you a better advantage over price action, especially when the price is dumping.

If 3,000$ is all you can afford for a whole year, start investing 250$ every month, Bitcoin might be 26,000$ and in a month time it can be at 17,500$, the truth is no one will know, so DCA makes it better, Another thing is you get more Bitcoin when the price is lower.