Wind_FURY
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March 11, 2024, 05:11:53 AM |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion.
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Gormicsta
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March 11, 2024, 02:15:32 PM Merited by JayJuanGee (1) |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Trading may be a dangerous route to wealth, particularly in the unpredictable world of bitcoin. While some traders may strike it rich, many others will be left holding the bags. The DCA technique provides a much smoother path to success. By investing a certain amount of money at regular intervals, irrespective of the market's ups and downs, you will gradually construct a strong portfolio that will stand the test of time. It's a straightforward and stress-free technique that doesn't require any market timing or complex trading strategies. So, why risk losing money in the trading game when you can sit back, relax, and let the power of DCA do all the heavy lifting for you, relieving you of the worry of trying to time the market or finding the optimum time to make your investment? The power of DCA is similar to having your own personal savings superhero! By investing a set amount of money in Bitcoin on a regular basis, you can benefit from the market's volatility. Over time, you'll end up buying more Bitcoin when the price is low and less when the price is high, balancing the costs and allowing you to develop a robust portfolio without having to worry about timing the market. They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. Absolutely! Not everyone is cut from the same cloth when it comes to investing, and that's fine. Some people are natural traders, able to navigate the market's ups and downs and come out on top. But, let's be honest, trading is a high-risk game that may quickly result in tears if you don't know what you're doing. The majority of people believe that purchasing and holding Bitcoin, typically referred to as "HODLing," is the safest and most trustworthy method. It may not be as thrilling as trading, but it's a good strategy to build up your Bitcoin holdings over time. Investing in Bitcoin is similar to playing chess: there are various approaches you can choose from, and the one that works best for you is determined by your individual talents and risk tolerance. If you're an inexperienced investor, the buy-and-hold approach is a good pawn move. It may not be glamorous, but it is a consistent strategy to grow your Bitcoin holdings over time. And, let's be honest, not everyone has the knowledge or risk tolerance to be a day trader or swing trader—those are more akin to the queen, a powerful piece that demands ability and strategy to use well. They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion. You hit the nail on the head! Becoming a successful trader is more than just deciding to trade; it's about being in the top 10% of traders, which is no simple accomplishment. And even if you manage to outperform Bitcoin, is it really worth the stress and anxiety if you only see a 15% return? Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble.
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adultcrypto
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 11, 2024, 02:53:54 PM |
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They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach.
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Tmoonz
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March 11, 2024, 05:09:16 PM |
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They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. The truth is that majority has failed to recognize the long term potential that Bitcoin holds, they are carried away by short term profits which can not in any way be compare with the substantial benefit of long term Bitcoin investment where you will have the compounded value of your investment over time, Bitcoin investment is best for long term perspective and not for short term trading, Bitcoin is also known as a store of value and wealth for future generation. Trading is very complex even to old and experience one and there is much emotional devastation monitoring the market movement making it very risky but with your dca in long term investment you have the peace of mind needed to grow your asset.
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I_Anime
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March 12, 2024, 12:37:30 AM |
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Absolutely! Not everyone is cut from the same cloth when it comes to investing, and that's fine. Some people are natural traders, able to navigate the market's ups and downs and come out on top. But, let's be honest, trading is a high-risk game that may quickly result in tears if you don't know what you're doing. The majority of people believe that purchasing and holding Bitcoin, typically referred to as "HODLing," is the safest and most trustworthy method. It may not be as thrilling as trading, but it's a good strategy to build up your Bitcoin holdings over time. Yeah yah damn right , Trading with emotion can take a toll on your mental health, back then when was still basing in trading , my trading section normally determine my mood of that day either causing anxiety, fear, frustration. But ever since being holding bitcoin I don't actually feel more stress or show any signs of panicky, because I know that is bitcoin am holding not some shit coin . Because any time bitcoin undergo decrease in value it always bounce back stronger . So there's no need to show any fear , and one criteria of being an investor is to be ready for any thing. The truth is that majority has failed to recognize the long term potential that Bitcoin holds, they are carried away by short term profits which can not in any way be compare with the substantial benefit of long term Bitcoin investment where you will have the compounded value of your investment over time, Bitcoin investment is best for long term perspective and not for short term trading, Bitcoin is also known as a store of value and wealth for future generation. Trading is very complex even to old and experience one and there is much emotional devastation monitoring the market movement making it very risky but with your dca in long term investment you have the peace of mind needed to grow your
Due to greed most people don't have fixed mind in long-term investment, all they care about is the amount they can make instantly, leading most of them to start gambling with their funds in the name of short-term investments, and engaging short-term investments at time like this can be more risky, like the first time bitcoin hit $70k first its new ATH after the previous one which is years back . Bitcoin did correction to the price range of $59k and am pretty sure that most people that did short-term trading endup selling in losses. Well some to added leverages would endup liquidating themselves. But those that are HODL didn't show any panick or fear those that are still accumulating kept their accumulation going. Now look at the price now is around $72k . And there's still chances of bitcoin hitting $80k and above before the halving . I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. I don't see the extends of one trading with their bitcoin while they could just hodl . One to be able to master trading it take alot of time and skills, too while come to investing ones you understand the basic and you acquired a good noncustodial wallet yah good to go.
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Obim34
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 12, 2024, 01:05:30 AM |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I don't think they were trying to conclusively decide for everyone, they where probably mapping out dangers from their own perspective on the dangers, stress and anxiety to be faced while doing more of trading than holding. What now causes majority people to trade is due to greed and lack of patience to hold for long time, they quickly want to earn profits not even test running if they are capable of doing it and we can see some of them at the very end left with nothing to talk about.
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| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
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Gormicsta
Member
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March 12, 2024, 03:25:00 AM |
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They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. I couldn't agree more with you mate. To encourage someone to go into Bitcoin trading without first warning him about the potential risks involved in trading is just like handing the person a lit stick of dynamite without first informing the person that it's gon explode. It's important to always tell people and make them see that Bitcoin investment isn't like Altcoins and shitcoins, which involves gambling your funds, all in the name of cryptocurrency investment. It's important to always make them see that when the topic of Bitcoin investment comes up, the first thing that should come into the mind is 3 things. 1. BUY 2. HODL and 3. LONG-TERM When talking about long-term Bitcoin holding, it's essential to focus on the merits of buy and hold approach without getting lured into the pitfalls of trading. I'm not saying that Bitcoin trading is completely bad, no, I'd be damned if I said so, all I'm saying is that it's not the right and best approach to employ when investing in Bitcoin, especially for new investors. So it's not the right subject for this discussion. By keeping the conversation focused on the advantages of buy and hold approach for Bitcoin, you can offer a more balanced view of Bitcoin investment. you'd providing a more clearer picture of the potential benefits of Bitcoin without actually leaving out any important details about the risks associated with trading. They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. The truth is that majority has failed to recognize the long term potential that Bitcoin holds, they are carried away by short term profits which can not in any way be compare with the substantial benefit of long term Bitcoin investment where you will have the compounded value of your investment over time, Bitcoin investment is best for long term perspective and not for short term trading, Bitcoin is also known as a store of value and wealth for future generation. Trading is very complex even to old and experience one and there is much emotional devastation monitoring the market movement making it very risky but with your dca in long term investment you have the peace of mind needed to grow your asset. When it comes to Bitcoin investing, the great majority of people miss the big picture. They're so focused on short-term gains that they overlook the enormous possibilities of long-term investing. Buy-and-hold investing, also known as DCA, is the best approach to increase the value of your Bitcoin investment. By investing little amounts on a regular basis over time, you may avoid making emotional decisions and capitalize on Bitcoin's development potential. When you invest in Bitcoin utilizing the DCA technique, you are effectively hedging the odds. By investing little amounts on a regular basis, you can buy Bitcoin at different prices. This means you're not just buying when the price is high, but also when it's low, allowing you to average out your investment costs over time. In the long run, this method can help you avoid the traps of attempting to time the market, which is extremely hard even for experienced investors. And when Bitcoin's price eventually rises again, you'll be rewarded with a bigger overall return on your investment. Absolutely! Not everyone is cut from the same cloth when it comes to investing, and that's fine. Some people are natural traders, able to navigate the market's ups and downs and come out on top. But, let's be honest, trading is a high-risk game that may quickly result in tears if you don't know what you're doing. The majority of people believe that purchasing and holding Bitcoin, typically referred to as "HODLing," is the safest and most trustworthy method. It may not be as thrilling as trading, but it's a good strategy to build up your Bitcoin holdings over time. Yeah yah damn right , Trading with emotion can take a toll on your mental health, back then when was still basing in trading , my trading section normally determine my mood of that day either causing anxiety, fear, frustration. But ever since being holding bitcoin I don't actually feel more stress or show any signs of panicky, because I know that is bitcoin am holding not some shit coin . Because any time bitcoin undergo decrease in value it always bounce back stronger . So there's no need to show any fear , and one criteria of being an investor is to be ready for any thing. That's right, Mate. Trading with emotions is like attempting to swim with a heavy weight on your back; it won't go well. But if you're in it for a long time with Bitcoin, it's like wearing a life jacket—you're safe and comfortable knowing that Bitcoin has a proven track record of recovering stronger following price drops. As a Bitcoin investor, it is critical to acquire a long-term attitude and a healthy sense of detachment. Remember that you're in it for the long run, so don't let short-term volatility undermine your faith. Trust in Bitcoin's resilience and potential for long-term growth, as these are the two most important qualities that make it an excellent choice for long-term investors. Despite its volatility, Bitcoin has a history of weathering storms and emerging stronger than before, making it a compelling alternative for people with a high risk tolerance. They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I don't think they were trying to conclusively decide for everyone, they where probably mapping out dangers from their own perspective on the dangers, stress and anxiety to be faced while doing more of trading than holding. What now causes majority people to trade is due to greed and lack of patience to hold for long time, they quickly want to earn profits not even test running if they are capable of doing it and we can see some of them at the very end left with nothing to talk about. It is no longer news that greed and impatience have led many Bitcoin traders into trouble. It's like the gold rush all over again, with people pursuing rapid profits only to come up empty-handed when the market reverses. In the world of Bitcoin, remember that slow and steady wins the race. Trying to time the market is a fool's errand that usually results in nothing but a handful of dust. However, if you can keep your head in the game and adhere to a long-term buy-and-hold strategy, you'll not only save yourself from the mental stress that comes with trading, but you'll also maximize even more earnings overtime. By investing in Bitcoin for the long term and refusing the temptation to trade based on short-term market fluctuations, you increase your chances of achieving steady, long-term growth. When you invest in Bitcoin for the long term, you aren't trying to time the market or predict short-term trends. Instead, you're investing in Bitcoin's future ability to develop and impact the global economy, as well as reaping the benefits of compounding theory.
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Odohu
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March 12, 2024, 07:39:08 AM |
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It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.
I don't think they were trying to conclusively decide for everyone, they where probably mapping out dangers from their own perspective on the dangers, stress and anxiety to be faced while doing more of trading than holding. What now causes majority people to trade is due to greed and lack of patience to hold for long time, they quickly want to earn profits not even test running if they are capable of doing it and we can see some of them at the very end left with nothing to talk about. I don't think it is correct that majority of those involved in Bitcoin traders because if you smell the air, you will realise the number of people actively trading Bitcoin have diminished so much following the transition of many traders to short term holders, who I think are in the majority now. Most people hold just within Bitcoin market cycle of 4 years, buying during the bear season and selling during the bull market like some are already doing now. Some of the whales go about Bitcoin investment this way as well. Following the realisation that long term holding is actually the best, many people are gradually tilting towards that direction just like it happened between trading and short term holding.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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rodskee
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★Bitvest.io★ Play Plinko or Invest!
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March 12, 2024, 07:56:11 AM |
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If you don't like this HODL map, you can use alternatives like this is the thread we all need now , HODL as bitcoin is strongly moving forward , in the sooner time we will be seeing breaking 75k in which the strong barricade now and if this continue then maybe the 80k in which my target this before halving to release some of my holdings for profit taking.
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Dailyscript
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March 12, 2024, 11:44:59 AM |
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I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin.
You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach.
Most people will say there are experienced and professional traders who know how to make a good profit when trading bitcoin. It makes me wonder whether these people do not lose when trading. They have made it sound like they are perfect traders and that nothing goes wrong when they trade. My dear, there is nothing like a perfect trader; rather, I will call them gamblers who get lucky most of the time. The risk in trading is what i cannot see myself doing. Only one person who is financially strong, like a wealthy person, may be comfortable trading bitcoin. And I also don't understand why someone would choose to trade rather than invest for a long time. Its just like someone coming down from a train and starting to use his leg to work. Trading takes you a long time to achieve your target. Since it involves losing and winning every day, it delays accumulating enough bitcoin unless that was not the plan in the first place. Something that would take you a year to accumulate might end up taking you a year and extra half.
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peter0425
Sr. Member
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March 12, 2024, 01:32:13 PM |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I don't think they were trying to conclusively decide for everyone, they where probably mapping out dangers from their own perspective on the dangers, stress and anxiety to be faced while doing more of trading than holding. What now causes majority people to trade is due to greed and lack of patience to hold for long time, they quickly want to earn profits not even test running if they are capable of doing it and we can see some of them at the very end left with nothing to talk about. We cannot deny the fact that in this kind of market now many sentiments and attitude of peoplewill comes out , some wanted to earn easy while others wanted to keep their coins intact. either greedy or weak the thing here is that we cannot hide our self from desiring the profit from this market on.
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bettercrypto
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March 12, 2024, 05:39:46 PM |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. In terms of the safest way for long-term investment, it is true that it is proven and tested. Now, I just want to be true. Maybe to others, they can give negative feedback to what I say, but I'm just being true. I'm not a rich person; I'm just one of those who want to rise or advance in life. In these times, there are people who really want me to achieve my dream in life, and from what I've seen, the bitcoins I can accumulate will not be enough for those I target to buy the dreams they want. Bitcoin because in this upcoming bull run it is only possible to multiply 6x by 7x again. Unlike other top altcoins, my chances are higher if I can actually achieve my goal. But if I were just a rich person, there is no doubt that I would prioritize buying Bitcoin.
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Wind_FURY
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March 13, 2024, 09:16:58 AM Merited by JayJuanGee (1) |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion. Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble. I'm very confident that most of us plebs who "traded" during the last cycle, denominating their capital/portfolio in fiat, currently have LESS value denominated in Bitcoin today. Because we're mere plebs, and because we can't truly win/out-trade those professional traders and their army of trading bots, then the best decision we can do is merely to denominate our capital in Bitcoin by HODLing everything in Bitcoin.
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JayJuanGee
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March 13, 2024, 04:01:32 PM |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion. Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble. I'm very confident that most of us plebs who "traded" during the last cycle, denominating their capital/portfolio in fiat, currently have LESS value denominated in Bitcoin today. Because we're mere plebs, and because we can't truly win/out-trade those professional traders and their army of trading bots, then the best decision we can do is merely to denominate our capital in Bitcoin by HODLing everything in Bitcoin. Surely, I don't advocate for trading in order to build up your BTC holdings, yet if you are in the stage of building up your bitcoin holdings, then the best way to do that is to continue to buy in various ways, whether DCA, lump sum buying and/or buying on dips... so then once you get enough or more than enough BTC, then you can start to sell them as the price goes up... so then there would no longer be goal to have more BTC as the price goes up. So one of the BIG questions relate to how much BTC (satoshis) is enough and when you can conclude that you have enough and you are in a position in which you can start to feel comfortable to start to sell some of your BTC as the price goes up and/or just on a regular basis as a percentage of your holdings to sell regularly as a source of your main income or to supplement other income sources that you have. Maybe a formula that I would use to determine if you have enough bitcoin would be to consider what is your annual expenses in the standard of living that you would like to enjoy and multiply that by 25, and if your BTC stash (as measured by the 200-WMA) is within 75% of that amount, then you likely are at the entrance level of having enough which means that you are likely ready to start to employ some kind system in which you are drawing upon your bitcoin stash, whether merely on price rises or maybe you want to just start to withdraw regularly on a monthly basis.. or some other period that is comfortable for you.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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bettercrypto
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2024, 05:23:38 PM |
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They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. Buying and holding Bitcoin for the long term was already proven and tested, and as far as I can see, it is very favorable for rich people, and there are large companies and several businesses. Especially for people who want a big ROI on their capital. Now if there are ordinary people who are in the middle class who save bitcoin via dca, they will also experience earnings in the end, but it won't give them much profit because they won't be able to handle that much, but they are sure that they will get profit from their holdings.
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Chibit01
Jr. Member
Offline
Activity: 98
Merit: 6
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2024, 05:51:17 PM |
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They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success. I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin. You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach. Buying and holding Bitcoin for the long term was already proven and tested, and as far as I can see, it is very favorable for rich people, and there are large companies and several businesses. Especially for people who want a big ROI on their capital. Now if there are ordinary people who are in the middle class who save bitcoin via dca, they will also experience earnings in the end, but it won't give them much profit because they won't be able to handle that much, but they are sure that they will get profit from their holdings. The long and short answer is .. yes. I can only explain what I do in my personal portfolio. I believe less is more, I am a growth investor .. I own seven stocks and seven crypto, I consider my portfolio almost complete. … less stocks, none of them paying dividends allows My crypto holdings are for more than long term, I never plan to sell unless a need arises .. we are talking years. I hold BTC, . and my largest holding of tens BTC in my wallet . Yes!! … I believe in BTC .. long term .. it “will” moon just like I believe BTC seven year ago that will eventually become a three digit value equity far beyond contemporary expectations. I have reasons for this belief. .. earlier I said my portfolio is “almost” complete, I leave space in the ultra-condensed 14 item portfolio for one (or two) yet to be decided additional cryptos .. I also keep buying bitcoin ready on the sidelines for this yet to be decided purchase. You are correct, when I see one that I expect to 10x, I will trigger the buy and my list will complete at 15 or 16 holdings .. seven equities + seven (plus one or two cryptos.) Crypto is a utility product, it is also heavily dependent on pumps .. yet, long term the new era will greatly reward those with diamond hands, in other words, paper handing and crypto cannot and will not work. Trying to predict tops and bottoms is futile. … volatile equities with no dividends, growth, high risk held long term will reward those who follow this path, .. guaranteed, … but only if you ‘hodl.’ .. you cannot chase a 10x move, you research and then you make your selection and buy in quantity, .. and hold i.e. ‘hodl’ .. it does not happen overnight but the upward move finds you, .. most often on a day when you least expect it.
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Odohu
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2024, 06:30:09 PM |
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Buying and holding Bitcoin for the long term was already proven and tested, and as far as I can see, it is very favorable for rich people, and there are large companies and several businesses. Especially for people who want a big ROI on their capital.
On the contrary, holding Bitcoin is ideal for both the rich and those that are not there yet. Bitcoin can even be their means of escape from poverty as it has proven to be able to change the financial situation of many people including the early adopters that are very much present in the forum till date. There are people who has the word "donator" attached to their name in the forum, some of them donated as high as 10 BTC to the forum and as at then, 10 BTC was like peanut that anyone could easily afford then. Imagine those who were able to hold that amount till date, can you call such person poor? I gave this example so you can see that Bitcoin can make someone rich, you just need to HODL and see how happy and proud it will make you become in the future. Now if there are ordinary people who are in the middle class who save bitcoin via dca, they will also experience earnings in the end, but it won't give them much profit because they won't be able to handle that much, but they are sure that they will get profit from their holdings.
You have to adjust your mindset a great deal because you are neglecting the power of consistency. If you consistently invest $100 per month into Bitcoin via the DCA method, give yourself 10 years from today, you will be financially comfortable. An average worker will be able to make such investment depending on their country of origin and what the minimum wage is. But the crux of the matter is that investment in BItcoin can make someone rich and the DCA method, which can be applied by anyone, is one way of achieving that.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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boty
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March 13, 2024, 06:35:24 PM |
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Buying and holding Bitcoin for the long term was already proven and tested, and as far as I can see, it is very favorable for rich people, and there are large companies and several businesses. Especially for people who want a big ROI on their capital.
Now if there are ordinary people who are in the middle class who save bitcoin via dca, they will also experience earnings in the end, but it won't give them much profit because they won't be able to handle that much, but they are sure that they will get profit from their holdings.
Yes, you are right, holding Bitcoin in the long term will of course provide profits for those who can run well according to the capital they have and for those who have large capital of course they can buy in large amounts to wait until the profits arrive, but for those who Collecting Bitcoin using the DCA method of course depends on how much they can collect and whether they can collect it and will be able to get a profit according to what they collect.
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I_Anime
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March 13, 2024, 07:36:13 PM |
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There are people who has the word "donator" attached to their name in the forum, some of them donated as high as 10 BTC to the forum and as at then, 10 BTC was like peanut that anyone could easily afford then. Imagine those who were able to hold that amount till date, can you call such person poor? I gave this example so you can see that Bitcoin can make someone rich, you just need to HODL and see how happy and proud it will make you become in the future yeah are actually right . What one really need to invest in Bitcoin is just some good principles and also one need to be patient in order to hodl, most early Investor might have sold their bitcoins while some where patient enough to keep accumulating and hold till now. Those that believe in Bitcoin and was patient enough to hold till now would definitely be proud of their past selves to take such decisions or to have such mindset to hold that long. Like we that still far from our bitcoin accumulation goal , still have a long way to go , but already set my mind for long-term investment (because if those early Investors was able to hold this long) so am I. I would try and discipline myself and keep learning from early Investors while looking up to them, because they are inspiration when it come to bitcoin investment or holding.
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Wind_FURY
Legendary
Offline
Activity: 3010
Merit: 1878
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 04:58:01 AM Merited by JayJuanGee (1) |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion. Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble. I'm very confident that most of us plebs who "traded" during the last cycle, denominating their capital/portfolio in fiat, currently have LESS value denominated in Bitcoin today. Because we're mere plebs, and because we can't truly win/out-trade those professional traders and their army of trading bots, then the best decision we can do is merely to denominate our capital in Bitcoin by HODLing everything in Bitcoin. Surely, I don't advocate for trading in order to build up your BTC holdings, yet if you are in the stage of building up your bitcoin holdings, then the best way to do that is to continue to buy in various ways, whether DCA, lump sum buying and/or buying on dips... so then once you get enough or more than enough BTC, then you can start to sell them as the price goes up... so then there would no longer be goal to have more BTC as the price goes up. So one of the BIG questions relate to how much BTC (satoshis) is enough and when you can conclude that you have enough and you are in a position in which you can start to feel comfortable to start to sell some of your BTC as the price goes up and/or just on a regular basis as a percentage of your holdings to sell regularly as a source of your main income or to supplement other income sources that you have. That's a question without a right answer because if you ask twenty different people "How much Bitcoin is enough", they probably will give you twenty different answers which depends upon their situation in life, their age, their technical understanding/how much they care about learning the technical side, and the amount of conviction. I believe the amount of conviction would increase if investors had more understanding about the incentive structure and the game theory behind Bitcoin. Maybe a formula that I would use to determine if you have enough bitcoin would be to consider what is your annual expenses in the standard of living that you would like to enjoy and multiply that by 25, and if your BTC stash (as measured by the 200-WMA) is within 75% of that amount, then you likely are at the entrance level of having enough which means that you are likely ready to start to employ some kind system in which you are drawing upon your bitcoin stash, whether merely on price rises or maybe you want to just start to withdraw regularly on a monthly basis.. or some other period that is comfortable for you.
👍 A simple guideline that's modifiable to meet the requirements of each individual.
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