Buy Buy Buy or Sell Sell Sell?

[Silikiem]

~snip~
What's your take on this? Given the period we're in is it buy time or sell time?

It depends on what type of person (investor) you are. There are those who we call day traders, and they are looking for an opportunity for profit every day, and significant price changes in a very short period of time are something positive for them. For example, if you bought 1 BTC yesterday for $60k+, you could already sell it today for almost $68k, which is more than a great profit - now imagine what kind of profits those who trade with tens or hundreds of BTC make.

If you are an investor who invests for the long term, then any time is good for investment - even though investing during a bull run will not bring even close to the same profit compared to the profit that could be made if you invested during a bear market.

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

Whatever online is a scammers and done by scammers, then some learning yet ignorant bitcoin is a scam then few others, but for now bitcoins is an opportunity for youths to benefit from it, now one thing about bitcoins investment we need to be educate, then how bitcoin investment works so that they will not see it as scam longer it however telling people about bitcoin investment and it’s important is a actually a nice thing to do.

The post you’re replying is almost two years old which shows you’re not following up with the current discussions on the thread. But I’m glad you said In your statement that there are some traders who buys bitcoin and sell it when it rises, key word there is “traders”, they are traders and not real investors, they are only in for a cheap quick profit. And these are the set of people who brings bad image to bitcoin because of their impatience and wrong approach to bitcoin, when they buy the bitcoin in cheap rate hoping for it to increase instantly for them to sell, but instead of increasing the price keeps decreasing and falling down the more, they start lamenting, panicking and saying all sorts of bullshit about bitcoin there by causing the public to start having a wrong perception about bitcoin, some go as far as saying it’s a scam meanwhile they are the real problem here I mean those traders who are only in for quick money without knowing that bitcoin investment doesn’t work that way.

I’ll advise you focus more on figuring out a discretionary income to use and be buying bitcoin regularly with a long term mindset so that you won’t join them that say is a scam tomorrow. Even though nothing is guaranteed in bitcoin, but investing for the long term purpose of consistently or perhaps persistent accumulation of bitcoin and hold with your discretionary income have a more higher chance of achieving success in your investment.

[Bigjoe33]

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

Whatever online is a scammers and done by scammers, then some learning yet ignorant bitcoin is a scam then few others, but for now bitcoins is an opportunity for youths to benefit from it, now one thing about bitcoins investment we need to be educate, then how bitcoin investment works so that they will not see it as scam longer it however telling people about bitcoin investment and it’s important is a actually a nice thing to do.

Firstly, you should know that trading Bitcoin isn't the best way to go about Bitcoin investment and/or making profit. Short time gains from trading Bitcoin cannot be compared to the value of Bitcoin and profit a real investor will get if he buys and Hodl for long term. So the best way to go about bitcoin is purely on investment, buying within your discretionary income and then HODL for long. That is a better way to go about it and not replying on cheap pump in price of Bitcoin like the traders do.

Secondly, you shouldn't go around telling people about Bitcoin and inviting them to join investment with promises that they will make wbouyhain if they start investing, no! Such act will only put you in trouble if after they joined, and started buying bitcoin and the price starts declining as the character is. I believe Bitcoin has done so great for himself globally that interested person would see and want to get involved ordinary without been invited to join. And even though they come to you seeking help to join, you must be very careful and spelling out that investments are ups and down, risky and is not always steady in price. This will help them know that they would not always expect growth in price but also expect fall in price sometimes. This will help increase there risk management practice and learn better ways to go on with there investments

[Popkon6]

There is no perfect time to invest in bitcoin as it is traders mentality. Traders belief the perfect time to invest in bitcoin is when the price decline which is misleading. Bitcoin dips can't be predictable it can happen anytime. What if the the next bitcoin dip occurs after 1 year time, that means you won't accumulate bitcoin at all during that times. Don't you know when you wait you might miss several opportunities to accumulate bitcoin and you might end up not accumulating bitcoin again.

You can decide to buy when the price is high or low in the market , but the most important thing is that make sure you are not selling out your bitcoin in a short term because it will not allow you to make income from bitcoin like you hold for long years before you  see, We know that funds has one kind spirit, if you don't use the funds on time to buy bitcoin you may spend the funds on house things without you use the funds to buy bitcoin and hold for like four or five years before you can plan to release them for sale, base on some sign in the market, I think this red candle light will make the price of bitcoin to decrease below $70k for short term and long term holders to know the long bearish season is here again because that is what is majority of buyers are waiting to see next month to accumulate moore bitcoin.

i think it is better we just leave it that it is better to buy bitcoin when our discretionary income is available instead of advising to decide to buy when the price is high or low. i am saying this because it can mislead newbies into deciding on buying when the price is low and that still means they will wait for the price to go very down before buying bitcoin which is not the right approach they should follow when investing as a long term investor. buying bitcoin should be decided only when the discretionary income is ready and not deciding when the price is high or low because youre not the one controlling the price, your own is just to focus on getting discretionary income to use and buy anytime

You are confusing yourself and trying to confuse other newbies. DCA method is the best, yes I believe that the market is not controlled by anyone. So if you invest Bitcoin weekly by following the DCA method, this will be the best strategy to invest in Bitcoin. So if you are good at discretionary income, then you must follow the DCA method and create an emergency fund to keep the holding safe along with Bitcoin holding according to the DCA method.
In this, your money will be used properly and dip will be purchased regularly from the market, so your discretionary income will remain and at the same time you are accumulating Bitcoin, this will be the most suitable strategy.