HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands

[Richbased]

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.

You are truly aspiring us small investors to keep trusting this great currency..Thank you.

Wow 100$ a week in your DCA? That's pretty cool. Like i always tell people that a good hodler doesn't check at the price of Bitcoin before buying as every damn price is a buying time inasmuch as you are a long term Bitcoin investor you actually gonna make a whole lot of profit because it is believed that in every new ATH the price of Bitcoin must absolutely surpass the previous ATH, so let's make and assumption that if the ATH after the halving makes it up to $100k then the next halving ATH gets to $200k then the next becomes $300k, an investor that DCA $100 every week when the price was $100k and continues till like 8 years (2 halving) would have made some good profit within that time frame, so there is no losing time as a bitcoin investor so far you can patiently wait for your investment to ripe within the long run.

Sure jayjuangee have been a great hodler and motivator in hodling Bitcoin for quite some time in this forum, he has emphasize so much on the strategies and ethics with which one can become a successful Bitcoin investor, he's a great forum mentor.

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[Gormicsta]

1) whimpy low coiner

2) sufficiently aggressive low coiner

3) an overly aggressive low coiner

A lot of investors today who are number 2 started off overly aggressive and bought into the different altcoins that promised to be the next Bitcoin. Likely, they entered the market during a bull run when crypto was at the top of everyone's lips like in late 2017 and dives right into the ICO bubble which was growing larger everyday.
After getting burnt a couple of times and losing some money, maybe gaining some more, but over the next couple of months they moved towards more stable coins like Bitcoin and aggressively went into it, moving most bb their profits from other investments into it.

The first guy usually stays the same.

"The first guy usually stays the same."

Interesting point.  I consider the whimpy low coiner to have potential, since he has already acted.

We have such a common problem with the no coiner who fails to act, and so maybe there are different kinds of no coiners too.. but a low coiner has gotten further than any no coiner who has failed to act.   We know that another term for no coiner is pre coiner, yet there are still some who might be teetering upon having interest in bitcoin and others who don't really invest into anything until everyone they know and their dog is doing it, and then they join.. yes those ones are maybe the laggards.

There are many distinct types of people who use Bitcoin. The "no coiners" you refer to may just be uninterested in investing in anything, or they may be suspicious of Bitcoin in particular. "Pre-coiners," as you describe them, may be interested in Bitcoin but not yet ready to purchase any. And "laggards," as you call it, may need to witness widespread use of Bitcoin before investing in it.
I think the cause for these various emotions from people towards Bitcoin is fear of the unknown and a lack of trust and confidence in Bitcoin, and these people truly need help, education is crucial when it comes to helping people feel more comfortable with Bitcoin.

 Many people could have misconceptions about Bitcoin or just do not comprehend how it works. People may be more willing to invest if they are given clear and factual information about Bitcoin, its history, and its potential. Furthermore, I believe it is essential to highlight Bitcoin's numerous applications outside investment. For example, Bitcoin can be used for remittances, cross-border payments, and even as an inflation hedge. Focusing on these practical applications may help people see Bitcoin in a different way.

1) whimpy low coiner

2) sufficiently aggressive low coiner

3) an overly aggressive low coiner

A lot of investors today who are number 2 started off overly aggressive and bought into the different altcoins that promised to be the next Bitcoin. Likely, they entered the market during a bull run when crypto was at the top of everyone's lips like in late 2017 and dives right into the ICO bubble which was growing larger everyday.
After getting burnt a couple of times and losing some money, maybe gaining some more, but over the next couple of months they moved towards more stable coins like Bitcoin and aggressively went into it, moving most bb their profits from other investments into it.

The first guy usually stays the same.

"The first guy usually stays the same."

Interesting point.  I consider the whimpy low coiner to have potential, since he has already acted.

We have such a common problem with the no coiner who fails to act, and so maybe there are different kinds of no coiners too.. but a low coiner has gotten further than any no coiner who has failed to act.   We know that another term for no coiner is pre coiner, yet there are still some who might be teetering upon having interest in bitcoin and others who don't really invest into anything until everyone they know and their dog is doing it, and then they join.. yes those ones are maybe the laggards.

yeah you are right and thanks for the clarity of different low coiners, but recently I think I'm among the category of the second one, but at first I was among the category of the third one , overly aggressive low coiner , because at that time I involved my self in a of scheme, like trading and involving myself with alot of shitcoins thinking they would make me rich quick and earn me some goot profit, but at the end they did the opposite, got me reckt and I got to learn the hard way. But ever since have been gaining more knowledge about how Bitcoin investment or holdings works . I now find myself being among the sufficiently aggressive with the help of sir @JJG and some other users in this forum I'm now able to Accumulate bitcoin and same time manage my financial situation.

I think this post now add clarity to how I felt mid last year. I was indeed number 2 and I'm glad I was as it made me cover up some gaps by combining both the DCA method and buying the dips. As someone who did not start building my bitcoin asset early, it was not a good feeling realizing that we were a year to bitcoin halving, and ETF approval where it was expected that Bitcoin will make a new all time high yet I did not have a good bitcoin portfolio. This was what motivated me to suspending a lot of activities costing me money and channeling those funds to Bitcoin. I achieved my target anyways but not as much as I would have achieved if I started investing way back in the bear season.

I believe that we already discussed that sometimes there can be some early initial goals that are set and then when they are achieved, then they spark the setting of newer goals that might be related but they are slightly different based on our new circumstances, including our assessment of BTC's price performance during that time, too.

Our goals and motivations have the potential to change and evolve over time, especially with something as dynamic as Bitcoin. True, as time passes, we may realize that our initial goals have been reached and that we now have other, related ambitions to pursue.
There are various ways in which a person's motivation for investing in Bitcoin can shift. For example, perhaps when they initially began investing, they were primarily concerned with the potential for profit. Over time, users may discover that they are more interested in the technology and community surrounding Bitcoin, rather than the prospect for financial gain.
Alternatively, they may find that their initial goal of accumulating Bitcoin has shifted to a goal of using Bitcoin to make purchases as well as other purpose.

Another fascinating way for someone's Bitcoin investment intentions to change is if they grow more interested in using Bitcoin to support causes that are important to them. For example, many charities and non-profit organizations accept Bitcoin donations. So, a person who started investing in Bitcoin just for profit may discover that they wish to utilize their Bitcoin to support a cause that is important to them. Alternatively, users might use their Bitcoin to invest in initiatives that are built on the Bitcoin blockchain, such as decentralized finance (DeFi) or non-fungible tokens (NFTs), so many others.

[peter0425]

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

and looking at the bright side, there should be some hope with people to have such a thing as bitcoin as a possible investment, even though there are a lot of other things screwed up in macro systems, yet bitcoin does seem to offer some really good possibilities for continued great payout down the line, as long as you don't screw it up by cashing out too early.. and just continuing to build it to get your stack size to a point in which it largely might start to be able to sustain itself, once you decide it is time to start to draw upon it.

this is what I realized over the years ,and i pandemic did not arrive ? for sure I have a good chunks of bitcoin now and I did not lose my great job .

Regarding your ideas about trusting bitcoin, you still have to keep in mind your own position size because there are not any guarantees in bitcoin, even though it is currently seeming to be the best of investments currently available..

I will Sir, Surely i will always remember those advise from yours..Thank you!!

[Negotiation]

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

[Taskford]

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

What good thing about there if you have a full time job and yet you are earning some bitcoins on your side hustle just like what you earn on your sig campaign then you can potentially use that to increase the size of your investment. With this we can assure that we can make our plans into reality and no other issue that can stop us to hodl since we have multiple source of income that can make all things possible on our side. Now the other thing we can do is to look for other more ways to get other source of income so that we would have more money to use maybe to separate it on emergency funds so that we are also fine if we experience a down time on our job and we are still fine since we are fully prepared on this consequences.

[avp2306]

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

That's the advantage of having multiple sources of income since you can separate things needed so you may have huge chances to succeed on your plans. Unlike if you only have rely on single income and you are afraid to explore since you don't want to get out on your comfort zone then everything will fail once your expectation on things or how market moves did not follow as what you expect and your main source of income collapsed. That's why its really good to think what's best and don't commit on single income generating since usually people like to quit their job and focus only on bitcoin which is bad choice for them especially if they are not consistently earning or they are just starting up.

[Gormicsta]

So if a guy is able to live off of trading and live a regular life, while at the same time having enough left over that he is able to save between 5% and 25% of his income into bitcoin, then he is doing even better because he is saving for a future - otherwise, he is going to be working his whole life and never getting anywhere.. so I am not sure if that would be a very good way to live... and so yeah, sure how are you going to measure the matter in terms of comparing to other kinds of work that he might be able to do.

In traditional finance, people are generally urged to save 5% to 25% of their income for retirement or other long-term objectives. You are correct in suggesting that someone who can do this with Bitcoin while simultaneously meeting their basic necessities is doing even better. This is because they are not just saving for the future, but also hoping to profit from Bitcoin's potential appreciation over time.
It's a truly unique and imaginative approach to think about Bitcoin savings. Treating Bitcoin like a typical savings vehicle allows users to benefit from both its short-term usage (e.g., as a payment mechanism) and its long-term potential (e.g., as an investment). It's not all about the profit though.People who use Bitcoin as a savings vehicle may also feel more in control of their finances and less reliant on traditional financial institutions.

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

It's quite sensible and logical. The strategy you describe is also referred to as DCA (dollar-cost averaging). It's a method in which you invest a certain amount of money on a regular basis, regardless of the investment's price. This helps to level out market fluctuations and reduces the danger of financial loss.
One of the primary advantages of DCA is that it removes emotion from the investment process. When the market is rising, it's easy to get caught up in the enthusiasm and invest all of your money. However, if the market falls, you risk losing a large sum of money.
 By investing a fixed amount of money every month or week, you take the emotion out of the equation and focus on the long-term goal of building wealth. It's like putting money in a piggy bank over time, every coin counts!

There is a lot of scientific research that supports the effectiveness of DCA. One study found that investors who utilized this method over a 10-year period outperformed those who tried to time the market. So, while it may be tempting to purchase low and sell high, data indicates that this is not necessarily the greatest strategy.
 Consistency has shown to be the secret to success.
 One thing to bear in mind about DCA: it is not a "get rich quick" scheme. It's a cautious and steady technique that will take time to produce results. But if you're patient and consistent, it can be quite beneficial. Another thing to keep in mind is that you should invest an amount that you can afford each month/week without putting yourself in a bad financial condition.

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

What good thing about there if you have a full time job and yet you are earning some bitcoins on your side hustle just like what you earn on your sig campaign then you can potentially use that to increase the size of your investment. With this we can assure that we can make our plans into reality and no other issue that can stop us to hodl since we have multiple source of income that can make all things possible on our side. Now the other thing we can do is to look for other more ways to get other source of income so that we would have more money to use maybe to separate it on emergency funds so that we are also fine if we experience a down time on our job and we are still fine since we are fully prepared on this consequences.

You are correct that having many streams of income can be an excellent strategy to achieve financial stability. It is usually a good idea to maintain an emergency fund to cover any unforeseen expenses. You're also correct that this strategy can help you hang onto your money even when the market is down. It's a technique to create a safety net for yourself so that you don't rely solely on one source of income.
Having numerous income streams can help you achieve not only your investment goals, but also your other financial goals and many other aspects of your life more quickly. For example, If you're aiming to save for a large purchase, having numerous sources of income can help you get there sooner. Again, having many sources of income can help you achieve financial independence more quickly. And Finally, having numerous income streams can help you strike a better work-life balance. You can decide to work less in one area and more in others that are essential to you, such as spending time with family or pursuing hobbies.

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

That's the advantage of having multiple sources of income since you can separate things needed so you may have huge chances to succeed on your plans. Unlike if you only have rely on single income and you are afraid to explore since you don't want to get out on your comfort zone then everything will fail once your expectation on things or how market moves did not follow as what you expect and your main source of income collapsed. That's why its really good to think what's best and don't commit on single income generating since usually people like to quit their job and focus only on bitcoin which is bad choice for them especially if they are not consistently earning or they are just starting up.

It's easy to grow overconfident or even lazy when you have a single source of income that's satisfying your demands. However, you're precisely correct that this can place you in a vulnerable situation if anything changes and that source of income goes. You've also made a really significant point about being comfortable with risk and seeking new chances.
it's possible to achieve a balance between being cautious and taking advantage of fresh opportunities. One technique that can be beneficial is to set aside a specified amount of money for Bitcoin, and to treat it as "play money." That way, you can be constant in your investing without jeopardizing your overall financial stability. It's easy to get stuck in a loop if you're not prepared to take risks and attempt new things.
It is important to approach risk in a balanced manner and avoid putting all of your eggs in one basket. It is also essential to have a backup plan in case things do not go as planned. It's easy to get caught up in the excitement of bitcoin and overlook the foundations of good financial planning.

[I_Anime]

You are correct that having many streams of income can be an excellent strategy to achieve financial stability. It is usually a good idea to maintain an emergency fund to cover any unforeseen expenses. You're also correct that this strategy can help you hang onto your money even when the market is down. It's a technique to create a safety net for yourself so that you don't rely solely on one source of income.
Having numerous income streams can help you achieve not only your investment goals, but also your other financial goals and many other aspects of your life more quickly. For example, If you're aiming to save for a large purchase, having numerous sources of income can help you get there sooner. Again, having many sources of income can help you achieve financial independence more quickly. And Finally, having numerous income streams can help you strike a better work-life balance. You can decide to work less in one area and more in others that are essential to you, such as spending time with family or pursuing hobbies.

having good sources can help one to secure a nice investment for himself, and would also help in hitting his accummulation goal sooner , with some lump-summing , buying the dip ( when it occurs) and frequent use of DCAing to accumulate more bitcoin . And also having some good sources would also help one in having some good amount of emergency funds inorder to coverup expected and unexpected expenses, without ever thinking of tampering with their investment, as their portfolio keep increasing with time. But still even those with no numerous sources can also secure a good investment for themselves, with proper planning concerning his financial situation and all that. And also with some good principles to handle their investment properly .

It's easy to grow overconfident or even lazy when you have a single source of income that's satisfying your demands. However, you're precisely correct that this can place you in a vulnerable situation if anything changes and that source of income goes. You've also made a really significant point about being comfortable with risk and seeking new chances.

that one need to be creative, like someone with a single source that's able to satisfy his demand (a monthly earner)  ,  should establish a personal business  , where he can employ some workers with some nice skills. As another sources to earn extra funds from and also as a back up source if the recent source of income goes as you say. Such individual may decide to use some percentage from his personal business to accumulate some good bitcoin in their portfolio weekly or they may decide to make their DCAing monthly so that he can take some percentage from his business and monthly jobs . In order to buy some go quantity of bitcoin as a monthly DCAing. And still would be able to gather some good funds during the weeks for DCAing and also putting aside a nice amount of money for emergency funds.

[iBaba]

Another fascinating way for someone's Bitcoin investment intentions to change is if they grow more interested in using Bitcoin to support causes that are important to them. For example, many charities and non-profit organizations accept Bitcoin donations. So, a person who started investing in Bitcoin just for profit may discover that they wish to utilize their Bitcoin to support a cause that is important to them. Alternatively, users might use their Bitcoin to invest in initiatives that are built on the Bitcoin blockchain, such as decentralized finance (DeFi) or non-fungible tokens (NFTs), so many others.

It is always exciting and awe-inspiring to join conversations on this wonderful thread, and listening to or reading from what you've just mentioned above is one aspect that I would like to encourage many of us on this platform to pay attention to. There are a lot of things that we may wish to delve into, and sometimes it just occupies our minds. In anything we do in our lives, we are expected to always have humanity at heart, because at the end of the day, we all have roots and may experience different life circumstances.

Like they say in the popular saying, "what goes around, comes around," even though none of us is responsible for whatever predicament or issues any other person is facing, it is always good to help the needy through investing in charity donations for non-profit organizations that are helping the cause of humanity. I don't know if this aspect is mostly discussed here, but if it is done, I feel like it needs to be done even more.

That's why I appreciate my colleague here who is mentioning this particular aspect on this great thread that we are on. Since we're already talking about investment, how do we really invest in humanity? How do we invest in the lives of those who might want to be bitcoin users in the future but face constraints because of some natural disabilities or lack of access to basic amenities? So, it is good for us to champion causes like this.

Lastly, it won't also be a bad idea if, as we are channeling our investments to non-profit organizations for charity works, we can also at the same time suggest to those organizations the introduction of bitcoin to those people. We can get these people to learn how they can use bitcoin technology, and that will be another aspect that would be unpopular but will greatly assist in their financial lives. Many of them cannot access the banks, they also do not trust the banking system and are looking for alternatives. But since they don't have the necessary capabilities that we have, they have been faced with constraints.

So, coming up with initiatives like teaching the less privileged and people with disabilities bitcoin technologies and how they operate, and how they can maximize the opportunity in the bitcoin investments, risk management, and whatnot would go a long way, I believe.

[Smilevictorobinna]

That's what matters when you're holding bitcoin. You shouldn't depend on it as if it's going to give you daily income. The profit that you'll get from it will be coming from how long you hold it as the market gets into fruition and takes time in doing so. Most of the holders that are successful understood this matter and they have just left their Bitcoin on hold and does their things while waiting for its value to pump. Unlike the newbies that think that it's different the way you've described it, they don't realize that they need to have other source still.

Exactly and that shouldn't have been the thing that someone should be doing with bitcoin anyway, the mere fact that the growth of bitcoin isn't going to happen overnight and the daily movement of it's price is so volatile that we're all warned to take precautions when trading and only trade what we can afford to lose means that we all should've been not relying on bitcoin as a means to make money for our daily needs and at the end as you've said, bitcoin's better when you're hodling it the longer. My take on this people that are still doing this reliance on bitcoin for daily money is that they're admirable because they don't mind the risk and that they're crazy enough to do this not just once or in a day.

I also do admire those people that have been completely reliant to Bitcoin in all means of their survival. Like how? through trading or any other tasks that they're paid to do so. But if it's with trading, I'd say that it's kind of hard to survive with it and be wholly reliant on it having no other source of living. But I know the fact that there are traders, full time, that can make as much as they can but with the perspective of not a trader or just do it casually, it's truly hard.

Living off of your trades is one thing, yet one of the important things about bitcoin is that it is a great investment vehicle.

So if a guy is able to live off of trading and live a regular life, while at the same time having enough left over that he is able to save between 5% and 25% of his income into bitcoin, then he is doing even better because he is saving for a future - otherwise, he is going to be working his whole life and never getting anywhere.. so I am not sure if that would be a very good way to live... and so yeah, sure how are you going to measure the matter in terms of comparing to other kinds of work that he might be able to do.

Let's say that he generally could get work for $4k per month, and so his expenses might be $3k, so then he ends up investing $1k per month and/or $250 per week into bitcoin.  Historically we could look this up to see how many bitcoin he would have had after 5 years or 10 years of investing in that kind of a way.  A guy who trades might be skimming off value to live, but then he also might be building his investment capital so that he is able to work with more and more capital the longer that he is trading, the more investment capital he is able to build up... But then is he putting that capital at risk?  probably.  The trader has a mentality to always be putting his capital to work, and so maybe a question of success would be how much is his investment capital growing, and is it growing at a similar rate as someone who had been able to have a regular job and to put aside $250 per week for the past 10 years.

My Hypothetical 2 guy has right around 115 BTC after 10 years of investing $250 per week into BTC, which surely is not a bad place to be.  Is the trader going to beat hypothetical 2 guy?  and hypothetical 5 guy shows that $250 per week would have resulted in around 5 bitcoin up until now if his investment timeline had been for 5 years.

[edited out]

Yes, there is atom of truth in the claim that being a trader is the way to riches because trading will enable one to have a better understanding of the system which is the major factor that will enhance the riches. In otherwise, trading can also have some disadvantage when the prerequisite skill is not well conceive and develop, for one to be a good trader and make riches out of it there must be unprecedented determination and consistency as well as endurance and dedication.

An overwhelming majority of regular people are going to be way better off by just investing into bitcoin regularly rather than trying to trade it.

From the instance you gave I think i agree with you.

I have been trading Bitcoin for years now and I must say I have not made my desired profit, seeing this your write up has made me think of how successful I would have been if I was only investing on Bitcoin than trading it.

Trading of Bitcoin is in two ways which are winning and losing, sometimes you win and sometimes you lose.

If I had invested on Bitcoin for this good number of years I have been trading it I would have had good percent of Bitcoin.

However I'm not saying those that trade Bitcoin are not making it big but investing on Bitcoin will help you have a future investment but trading it will not give you a future investment.

[JayJuanGee]

[edited out]

From the instance you gave I think i agree with you.

I have been trading Bitcoin for years now and I must say I have not made my desired profit, seeing this your write up has made me think of how successful I would have been if I was only investing on Bitcoin than trading it.

Trading of Bitcoin is in two ways which are winning and losing, sometimes you win and sometimes you lose.

If I had invested on Bitcoin for this good number of years I have been trading it I would have had good percent of Bitcoin.

However I'm not saying those that trade Bitcoin are not making it big but investing on Bitcoin will help you have a future investment but trading it will not give you a future investment.

For sure, we cannot necessarily know in advance  in regard to which courses of action are going to pay off better, and surely over the years, bitcoin has been a kind of asset that has been valuable to accumulate, so those who have errored on the side of mostly accumulating bitcoin have done better than those who might have been focused on either accumulating dollars are maybe not very clear in regards to the value of accumulating and holding bitcoin, which likely is going to continue to be true... even though also we know that past performance does not guarantee future performance, even though bitcoins investment thesis seems to continue to get stronger.

[laijsica]

but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.

It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do..

actually that's what I am doing now , 100$ a week or sometimes even a little higher when there are extra work for a week, not minding how much the price is because Like you i believe that bitcoin will be here and growing in the coming years and not just now and tomorrow.
You are truly aspiring us small investors to keep trusting this great currency..Thank you.

So yeah you surely can be flexible with the amount that you put into bitcoin based on your cashflow and expenses, and surely you have to be careful to make sure that you are not overdoing it. and you have some other funds in case you have some kind of an emergency that might relate to your income or your expenses,

I'll keep that in mind mate and yeah , Like what I said I maintain that 100$ weekly not unless there are something comes out of extra that I am adding to that amount because 100 usd is the only funds I can afford to keep in Wallet.
but aside from that all of my job pay gets directly to my wife as we agreed to that in which she will allow me investing but the family money will be for her to budget.

If you have a job besides earning bitcoins and if your job is enough to meet all your family needs then in my opinion you can keep all the bitcoins earned from bitcointalk. Or invest as much as you can by planning for a long period of time that you will actually hold for. Here is the weekly or monthly saving method which seems to me to be the best method.

Good suggestions you have made, arguably the decision to invest in decent bitcoin is going to be great especially for those who are interested. Bitcoin can be best for you in terms of investment if you follow some method which can be lump sum investment which is considered as your holding and long term you can consider DCA on weekly or monthly basis. Depositing with DCA is a great strategy given BTC that you can buy at the dips and even at the top-at the end you will see the average price. Following this method you can be aggressive until the BTC circle is filled and you can continue for the desired duration. You shouldn't be allowed to move fractions from the bitcoin stack and your best way is floating cash for emergency use.

[Smilevictorobinna]

[edited out]

From the instance you gave I think i agree with you.

I have been trading Bitcoin for years now and I must say I have not made my desired profit, seeing this your write up has made me think of how successful I would have been if I was only investing on Bitcoin than trading it.

Trading of Bitcoin is in two ways which are winning and losing, sometimes you win and sometimes you lose.

If I had invested on Bitcoin for this good number of years I have been trading it I would have had good percent of Bitcoin.

However I'm not saying those that trade Bitcoin are not making it big but investing on Bitcoin will help you have a future investment but trading it will not give you a future investment.

For sure, we cannot necessarily know in advance  in regard to which courses of action are going to pay off better, and surely over the years, bitcoin has been a kind of asset that has been valuable to accumulate, so those who have errored on the side of mostly accumulating bitcoin have done better than those who might have been focused on either accumulating dollars are maybe not very clear in regards to the value of accumulating and holding bitcoin, which likely is going to continue to be true... even though also we know that past performance does not guarantee future performance, even though bitcoins investment thesis seems to continue to get stronger.

Yeah, so is better to accumulate as many Bitcoin as one can than to trade it.
A lot of people are regretting but is never too late you can start accumulating it now little by little before you know it you have accumulated a future investment.
I know of a man who died but before his dead he gave his family his trust wallet phrase and when they checked they saw a good amount of Bitcoin and that changed the families life till date. so the best thing to do is accumulate Bitcoin is a big future investment.

[Tungbulu]

[edited out]

From the instance you gave I think i agree with you.

I have been trading Bitcoin for years now and I must say I have not made my desired profit, seeing this your write up has made me think of how successful I would have been if I was only investing on Bitcoin than trading it.

Trading of Bitcoin is in two ways which are winning and losing, sometimes you win and sometimes you lose.

If I had invested on Bitcoin for this good number of years I have been trading it I would have had good percent of Bitcoin.

However I'm not saying those that trade Bitcoin are not making it big but investing on Bitcoin will help you have a future investment but trading it will not give you a future investment.

For sure, we cannot necessarily know in advance  in regard to which courses of action are going to pay off better, and surely over the years, bitcoin has been a kind of asset that has been valuable to accumulate, so those who have errored on the side of mostly accumulating bitcoin have done better than those who might have been focused on either accumulating dollars are maybe not very clear in regards to the value of accumulating and holding bitcoin, which likely is going to continue to be true... even though also we know that past performance does not guarantee future performance, even though bitcoins investment thesis seems to continue to get stronger.

It's very true what you've said about the unpredictability of investment outcomes, Bitcoin has proven to be quite a valuable asset worth holding on to and people should be fully aware of this fact.
It's also very true that past performances can never guarantee future outcomes, it's worth noting that Bitcoin's investment thesis has continued to strengthen overtime which makes Bitcoin a very viable option for investors to accumulate and HODL on to it.

Market dynamics are not static as they are ever changing and it's very important for investors to always be updated, informed and also adapt to whatever changes that comes along with the market. Those investors who have acknowledged the potential of bitcoin, seen the vision behind it and have taken advantage of the situation by taking a long-term approach with Bitcoin have often reaped and are still reaping the actual benefits of Bitcoin.

The fundamentals of Bitcoin investment is to first understand the value of Bitcoin and using the understanding gathered to make informed decisions concerning your investment.

[edited out]

From the instance you gave I think i agree with you.

I have been trading Bitcoin for years now and I must say I have not made my desired profit, seeing this your write up has made me think of how successful I would have been if I was only investing on Bitcoin than trading it.

Trading of Bitcoin is in two ways which are winning and losing, sometimes you win and sometimes you lose.

If I had invested on Bitcoin for this good number of years I have been trading it I would have had good percent of Bitcoin.

However I'm not saying those that trade Bitcoin are not making it big but investing on Bitcoin will help you have a future investment but trading it will not give you a future investment.

For sure, we cannot necessarily know in advance  in regard to which courses of action are going to pay off better, and surely over the years, bitcoin has been a kind of asset that has been valuable to accumulate, so those who have errored on the side of mostly accumulating bitcoin have done better than those who might have been focused on either accumulating dollars are maybe not very clear in regards to the value of accumulating and holding bitcoin, which likely is going to continue to be true... even though also we know that past performance does not guarantee future performance, even though bitcoins investment thesis seems to continue to get stronger.

Yeah, so is better to accumulate as many Bitcoin as one can than to trade it.
A lot of people are regretting but is never too late you can start accumulating it now little by little before you know it you have accumulated a future investment.
I know of a man who died but before his dead he gave his family his trust wallet phrase and when they checked they saw a good amount of Bitcoin and that changed the families life till date. so the best thing to do is accumulate Bitcoin is a big future investment.

HODLing has always been the best approach to me rather than trading, timing the market or any other approach when it comes to Bitcoin investment and it's also very important to always acknowledge that Bitcoin is to be considered at all time for its long-term potential.
Many investors who have HODLed Bitcoin for the long-term have enjoyed and are still enjoying the benefits of HODLing, and it's never too late to join the moving train.

The story of the man you just shared, who left his family the passphrase to his wallet which contained a significant amount of Bitcoin before his demise is an amazing example of one of the benefits attached to HODLing Bitcoin for the long-term.