Buy Buy Buy or Sell Sell Sell?

[Solokan]

The right time to buy Bitcoin is when the price is low, it is wise to buy, no one can predict the market accurately, but that is why DCA is a realistic strategy. Regardless of the market conditions, depositing Bitcoin regularly reduces risk in the long run and keeps you away from emotional decisions. DCA works in such a way that you will naturally catch some declines and you do not need to guess them. The real right time to buy Bitcoin is when you have a prudent income to invest in. The market is unpredictable, no one knows when the price will fall or how much it will fall. If you have money in hand and the market falls at that time, it is just an added advantage.

Yes, most people want to buy BTC when the price is falling, but we don't know when the price of BTC will fall because it is very difficult to predict where the price of BTC will go. So, by using the DCA strategy, we can feel comfortable accumulating BTC because we don't look at the price of BTC when buying it.

Yes, if you have money that you don't mind losing and you use it to buy BTC, and it happens to be when the price is falling, that's an added bonus. However, the most important thing in investing in BTC, in my opinion, is that we must be able to hold onto BTC for the long term because there are many people who bought BTC at a low price, such as in 2010 or 2011, but were unable to hold onto BTC for the long term, which ultimately prevented them from making a large profit.

[Makus]

Newbies also need to understand that while being consistent in toy bitcoin investment is very necessary it's doesn't necessarily mean you have to force yourself into an impossible situation of constantly trying to buy every other week at the same price using the DCA, we understand that a person's discretionary can change over time and in some cases it might actually reduce and then making it impossible for an investor to keep investing as aggressively as they were with the discretionary income available to than at that time, in situations like this people especially newbies might be pushed to look for an alternative source outside of their discretionary income because they want to remain consistent and not slack off but they should be careful to watch out for situations like this, DCA doesn't necessarily mean you have to maintain a particular over a strict investment timing, it's actually more flexible and allow for adjustments to how much you invest each time you invest and how much time in-between investments, if you can afford to invest strictly on a weekly basis then you can also work with an irregular schedule especially when you are not sure enough about keeping your discretionary income at hand.
You can invest weekly or monthly or biweekly or even in a mixed manner as long as it works well for you, every way na way as we would say in my local pidgin English.

The most important is that you are buying and not just buying but buying under the umbrella of your discretionary income, of course there is nothing wrong if you can maintain a strict order of buying such that it doesn't influences your other areas of life negatively, if investment is given the due accordance then it should approach with so much flexibilities where you don't get to be worried whenever you where not able to buy at the moment of no discretionary income available since you know you can do that at whenever you have, investment is for long term hence one needs all the peace of mind to carry out his investment in the long run without seeing it as a burden or anything of such.

Indeed our bitcoin investment shouldn't be seen as a burden it should be done flexibly with our discretionary income. But then, investing from our discretionary income doesn't guarantees us peace as some folks probably newbies who have up to 50% of their income as discretionary income might still panic when they see price changing direction, another scenario is probably someone who have accumulated for a long period of time, let's say 5 years and suddenly his accumulation seemed to become much of a big deal let's assume having invested 150% of his yearly income for the 5 years which means he invest 30% of his yearly income to bitcoin, again maybe he has never saved up to his yearly income before, the chances of being tempted to sell would be on the high side since he certainly wouldn't want to lose that money.

The solution to having better peace of mind, is by developing a more neutral psychological perspective about your bitcoin investment, since he certainly hasn't saved up to his yearly income before, there are chances that he is spending it all on wants and liabilities, however he can as well consider his bitcoin investment as another spending just like other times that he probably may not get back.

[cyberninja2]

Yes, most people want to buy BTC when the price is falling, but we don't know when the price of BTC will fall because it is very difficult to predict where the price of BTC will go. So, by using the DCA strategy, we can feel comfortable accumulating BTC because we don't look at the price of BTC when buying it.
Yes, if you have money that you don't mind losing and you use it to buy BTC, and it happens to be when the price is falling, that's an added bonus. However, the most important thing in investing in BTC, in my opinion, is that we must be able to hold onto BTC for the long term because there are many people who bought BTC at a low price, such as in 2010 or 2011, but were unable to hold onto BTC for the long term, which ultimately prevented them from making a large profit.

Yes, I don't think anyone is right when predicting whether the BTC price will rise or fall because market conditions will always fluctuate, making it difficult to predict what will happen in the market each day. We can see that today's market is at $88 meaning the BTC price will always change daily. Therefore this price is very suitable for adding BTC to our investments by accumulating Bitcoin through DCA.

Having money that may not be a problem in daily needs is certainly very feasible to do to buy BTC to accumulate long term and it is very difficult for those who can buy BTC but do not have long-term investment goals for the reason that sometimes it takes too long to pick up profits so that such a thing is a very fatal mistake because it has more power financially but to maintain BTC in the long term is not able to be done by many people, because the habit of doing long term usually often feels the results of very large profits as you said happened in 2010 and 2011 because those who are still patient in accumulating BTC so it is natural for those who do long term to succeed in feeling such large profits.

[Cossyblack]

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

[Nightwatchmare]

Selling too early don't look like an error to them, especially when they make profit in that moment. Too bad, many folks are caught up in this moment, time upon time. In reality this set of persons are literally guys who would do anything for short term profit, they really don't obey the fundamentals, principles, trends and influences on bitcoin. What pushes them to sell are not enough good reasons, just green candles and they all out.

Honestly, the real mistake they make isn't selling some of their bitcoin. The real mistake here is selling without a compelling reason tied to the fundamentals and not the price soaring high.

I do remember when you made one statement, I don't know if you do remember, you said "if your entire plan is to sell when in profit, you never really had a plan from beginning". Yes, i do agree with you there. Irrespective of the fact that one day we will tend to some part of our accumulated bitcoin, selling was never our initial plan. Investors who understand the market dynamics do not go with the mindset of selling, rather with the mindset of accumulating more bitcoins.

There is nothing wrong with having selling in mind, even though most likely the main idea of selling would likely be quite further into the future, such as more than 10 years (except for folks with age/health issues that cause the timeline to be shorter), also most likely the empowerment of bitcoin comes from sustainable withdrawal rather than one time withdraw, since unless a person is close to death or has health issues, he would likely want to keep most of his wealth in bitcoin and just draw upon it from time to time, even if he starts to draw a monthly income from his bitcoin.

Such things happen, sometimes when we get sick, it seems like you are old or you will get sick. We should run Bitcoin for a long time, if we think something will happen to us, we should tell our loved ones about Bitcoin and tell them. If you want to give it, then fine, if you want everyone to benefit from it, then everyone should know about it. In my opinion, we can live our lives with Bitcoin. If we really understand how to run Bitcoin and how to benefit from it, then we will benefit from Bitcoin without making other investments. Although Bitcoin is more and it is getting benefits, it is better to get out of it because if life ends and Bitcoin is not profitable, if we have been seeing it from investment in 2015 or 2020, it is not profitable. It is better to sell Bitcoin and rest.

Holy shit, NKminer66.

When I was referring to age and health affecting our investment timeline, I was considering reasons why a newbie might go into bitcoin and not be able to commit to investing into bitcoin for more than 10 years.  He might have limits on his income and/or his abilities to earn in the present and even expected in the future based on age and/or health considerations.

You seem to be referring to figuring out how a person might deal with some sickness that comes up at some point after the person had already been investing in bitcoin, yet you did not specify any particulars except mentioning examples of a guys who might have started investing in 2015 or 2020, and for sure there is a big potential difference between folks who had gotten started investing in 2015 as compared with 2020, and surely if someone had already spent quite a bit of time accumulating bitcoin, then the do not necessarily have to sell it right away, even if they might get put into a health position in which they are not able to invest more into bitcoin.

The automatic solution is not necessarily selling the bitcoin, since the extent to which selling most or all of the bitcoin stash may well depend on circumstances - since age and health may not necessarily result in more expenses, even though it may result in dried up (or lessened) income.

Another thing is that a person can have bitcoin and be sick at the same time.  Being sick does not disqualify a person from holding bitcoin.  That was just a silly statement from you and perhaps presumed that the person had not accumulated much if any bitcoin at the time that they became sick.

For sure what NKminer66 dropped  is a holy shit.
Unconcluded points here and there that has left room for plenty question.
Should someone not build an extra source of income since they have Bitcoin investment? Because somehow and sometimes extra source of income is usually needed to sustain Bitcoin investment.
What kind of sickness should actually make someone sell their Bitcoin?
I begin to wonder why NKminer66 is really projecting fear by encouraging sales of Bitcoin because of sickness?

If you do have a good source of income that will allow you to accumulate Bitcoin consistently and sustain your Bitcoin investment for a very long time after you reach your over accumulation stage, there is always a need for you to walk on having multiple streams of income so that you will always remain consistent and persistent in accumulating Bitcoin and also take care of  you day to day expenses. It is not unwise for investors to sell their Bitcoin when they have not reach over accumulation stage, but if someone has a life threatening issue, it is wise for the person to sell his/her Bitcoin if that is the person's last hope of solving his/her problems.

[Mr_Brilliant$]

Newbies also need to understand that while being consistent in toy bitcoin investment is very necessary it's doesn't necessarily mean you have to force yourself into an impossible situation of constantly trying to buy every other week at the same price using the DCA, we understand that a person's discretionary can change over time and in some cases it might actually reduce and then making it impossible for an investor to keep investing as aggressively as they were with the discretionary income available to than at that time, in situations like this people especially newbies might be pushed to look for an alternative source outside of their discretionary income because they want to remain consistent and not slack off but they should be careful to watch out for situations like this, DCA doesn't necessarily mean you have to maintain a particular over a strict investment timing, it's actually more flexible and allow for adjustments to how much you invest each time you invest and how much time in-between investments, if you can afford to invest strictly on a weekly basis then you can also work with an irregular schedule especially when you are not sure enough about keeping your discretionary income at hand.
You can invest weekly or monthly or biweekly or even in a mixed manner as long as it works well for you, every way na way as we would say in my local pidgin English.

You see ehn, this thing, is something a lot of persons not even only newbies need to hear, because many people normally use to misunderstand consistency and turn it into pressure for themselves..  Being consistent does not mean you must punish yourself, stave or force buys when your discretionary income is not there..  We should know that income changes, and it normal if your discretionary income is not the same always.. When ever you start trying to force DCA just to keep up, that is when bad decisions will be made or dipping into money that should not even be touched in the first place..

What we should not forget is that DCA is meant to reduce stress, not increase it…. It could be flexible, if it has to be... You are allowed to adjust amounts, slow down, or even pause when things are tight, but you should do that only when you have to..  There is no rule that says you must buy every week at all costs…. The goal is sustainability, not showing off…

Because once you start looking for money outside your discretionary income just to remain consistent, that one is already a red flag oo...  Investing should be healthy and should not put you under pressure…

[sotelorene]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Well I think it depends on the kind of sickness the person is, if it is a life threatening sickness then it is enough reason for someone to stop accumulation and the funny thing is that, someone can not decide whether to continue accumulating or not but rather the sickness will determine. There are sickness that can weaken someone to the point they can not stand or hold sometimes for awhile so if someone has this kind of case they should first treat the sickness before Investing again because health is wealth.

[Gallar]

Holy shit, NKminer66.
When I was referring to age and health affecting our investment timeline, I was considering reasons why a newbie might go into bitcoin and not be able to commit to investing into bitcoin for more than 10 years.  He might have limits on his income and/or his abilities to earn in the present and even expected in the future based on age and/or health considerations.

And I think this is very worthy of discussion in this forum because as you said as beginners they certainly won't invest for 10 years or even more. Sometimes beginners with their limited financial capabilities or their abilities as beginners simply can't achieve the results they expect. Because someone's abilities especially for beginners are quite difficult to invest further which can take a long time. Therefore investing commitments require special consideration.

Wow!.. do you even understand what you’re replying to cos your view of it is off, very off.
I’m just wondering how you read that and what you took out of it is that beginners or newbies are limited by their abilities and can’t achieve their expected results.
Because someone is a newbie doesn’t mean he’s poor or isn’t capable to invest enough. One can be a newbie to bitcoin investment but not to the crypto market.
There’s no limit to how long a beginner will be in the market so long as they have the right knowledge and mindset and willingness to improve daily, they can achieve all their set goals.

Yes, everyone can and has the right to invest in Bitcoin, but the discussion I'm hearing here concerns age limits and financial circumstances. I believe these two factors cannot be ignored, as age is clearly a crucial factor in determining how long we invest in Bitcoin. For example, if we're 70 years old and invest in Bitcoin for more than 10 years, I don't think that's a good idea anymore, as at that age, we won't be able to enjoy the results. However, if we want to pass on the investment to our children, that's not a problem either. But here, I'm simply saying that we want to enjoy it ourselves. Furthermore, when it comes to financial circumstances, it's undeniable that financial circumstances are also a significant factor in determining a person's long-term success in investing in Bitcoin. Even those with less financial sufficiency won't have as smooth a time as those with better financial well-being when investing in Bitcoin. So the point is that it doesn't mean that it won't be successful, but people who are older and have less good financial circumstances have a success rate that is lower than people who are younger and also have better finances. But even so, these two things should not be used as a reason for us not to invest in Bitcoin, because in this world we must always try and before trying, don't say you can't.

[Vompola]

I frequently like to suggest that every single time a person buys new bitcoin, they should be consider that new purchase as having a 4 -10 year or longer timeline, yet surely age and/or health circumstances might not be able to allow a person to commit to 4 years or longer, so maybe such person would choose to not invest more into bitcoin based on newly developed our found out circumstances. We cannot necessarily conclude how the guy should treat his newly developing circumstances... or maybe creeping up circumstances and/or new assessments of developments in circumstances.

I really like the idea of making every purchase a long-term plan. The main purpose of asking investors to invest for at least four to ten years is so that investors can mentally prepare themselves to hold on to their investments for a long time. In many cases, it is seen that investors have long-term plans but when there is a positive change in the market for a short period of time, many investors sell their investments for a temporary profit, but the real purpose of investment is never fulfilled. Another important point here is that life is not static and changes at every moment of life and one must be prepared in advance for any danger that may come in life at any time.

If an investor is sick, then he should give his first priority at that time to his health because if he is sick, his mind will not be good and he will not be able to decide on these matters. If the continuation of investment is temporarily stopped due to illness, then the matter is still not outside the long-term investment plan. Now what I think is that long-term investment does not mean blind faith in investment but moving forward with good prospects and expecting something good for the future.

[Hardyrobust]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Well I think it depends on the kind of sickness the person is, if it is a life threatening sickness then it is enough reason for someone to stop accumulation and the funny thing is that, someone can not decide whether to continue accumulating or not but rather the sickness will determine. There are sickness that can weaken someone to the point they can not stand or hold sometimes for awhile so if someone has this kind of case they should first treat the sickness before Investing again because health is wealth.

To a certain point sickness can stop an investor from investing in bitcoin and this is only when the sickness affects there source of income but for those that have a good source of income that no matter the sickness it won't affect there income they can be investing in bitcoin for the sole purpose of wanting to leave an inheritance for the next generation. Therefore sickness will act as an impendiment when it affects our source of income.

[Sim_card]

Indeed our bitcoin investment shouldn't be seen as a burden it should be done flexibly with our discretionary income. But then, investing from our discretionary income doesn't guarantees us peace as some folks probably newbies who have up to 50% of their income as discretionary income might still panic when they see price changing direction, another scenario is probably someone who have accumulated for a long period of time, let's say 5 years and suddenly his accumulation seemed to become much of a big deal let's assume having invested 150% of his yearly income for the 5 years which means he invest 30% of his yearly income to bitcoin, again maybe he has never saved up to his yearly income before, the chances of being tempted to sell would be on the high side since he certainly wouldn't want to lose that money.

The solution to having better peace of mind, is by developing a more neutral psychological perspective about your bitcoin investment, since he certainly hasn't saved up to his yearly income before, there are chances that he is spending it all on wants and liabilities, however he can as well consider his bitcoin investment as another spending just like other times that he probably may not get back.

Investing with your discretionary income will give you peace because you can do without the money since it's not funds for your up keep. This is why you see that people do whatever, they like with their discretionary income and forget about it after using it for consumption purposes.

Any investor that has invested in bitcoin for five years and is tempted with the profits of his bitcoin investment to the point of selling should consider his future if he has reached his bitcoin target so that he does not end up selling too many coins too soon and start accumulating again because that will lead to regret. This is why you should have a bitcoin target and don't involve in any action that will make you sell part of your bitcoin when it's not of your own will.

When you invest with discretionary income, you can easily control your emotions and hodli for long as you continue building your bitcoin portfolio overtime compared to someone who didn't use his discretionary income.

[PhilosopherKing]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Well I think it depends on the kind of sickness the person is, if it is a life threatening sickness then it is enough reason for someone to stop accumulation and the funny thing is that, someone can not decide whether to continue accumulating or not but rather the sickness will determine. There are sickness that can weaken someone to the point they can not stand or hold sometimes for awhile so if someone has this kind of case they should first treat the sickness before Investing again because health is wealth.

To a certain point sickness can stop an investor from investing in bitcoin and this is only when the sickness affects there source of income but for those that have a good source of income that no matter the sickness it won't affect there income they can be investing in bitcoin for the sole purpose of wanting to leave an inheritance for the next generation. Therefore sickness will act as an impendiment when it affects our source of income.

It is those Investors that are too distracted and careless to create a backup money that stop their investing when sickness arises. Investor need to quit being unprepared and learn to plan for emergency.

[Jaksonhard]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Well I think it depends on the kind of sickness the person is, if it is a life threatening sickness then it is enough reason for someone to stop accumulation and the funny thing is that, someone can not decide whether to continue accumulating or not but rather the sickness will determine. There are sickness that can weaken someone to the point they can not stand or hold sometimes for awhile so if someone has this kind of case they should first treat the sickness before Investing again because health is wealth.

To a certain point sickness can stop an investor from investing in bitcoin and this is only when the sickness affects there source of income but for those that have a good source of income that no matter the sickness it won't affect there income they can be investing in bitcoin for the sole purpose of wanting to leave an inheritance for the next generation. Therefore sickness will act as an impendiment when it affects our source of income.

It is a very neutral statement regarding illness. Illness alone doesn't prevent a person from investing in bitcoin. The only way it can hinder a person from investing is if the illness directly prevents them from earning income that they need to continue investing. For example, if an investor has an income that is either stable or passive and will continue to come in regardless of their health, the investor may want to continue investing. Furthermore, if their goal is to invest in bitcoin for the purpose of leaving a legacy for future generations, they are probably viewing bitcoin as a long-term asset rather than a short-term investment vehicle. However, if a person is suffering from an illness that is disrupting both their income and their daily life, it would be reasonable for that investor to stop investing until he/she recovers.

[JayJuanGee]

Newbies also need to understand that while being consistent in toy bitcoin investment is very necessary it's doesn't necessarily mean you have to force yourself into an impossible situation of constantly trying to buy every other week at the same price using the DCA, we understand that a person's discretionary can change over time and in some cases it might actually reduce and then making it impossible for an investor to keep investing as aggressively as they were with the discretionary income available to than at that time, in situations like this people especially newbies might be pushed to look for an alternative source outside of their discretionary income because they want to remain consistent and not slack off but they should be careful to watch out for situations like this, DCA doesn't necessarily mean you have to maintain a particular over a strict investment timing, it's actually more flexible and allow for adjustments to how much you invest each time you invest and how much time in-between investments, if you can afford to invest strictly on a weekly basis then you can also work with an irregular schedule especially when you are not sure enough about keeping your discretionary income at hand.
You can invest weekly or monthly or biweekly or even in a mixed manner as long as it works well for you, every way na way as we would say in my local pidgin English.

The most important is that you are buying and not just buying but buying under the umbrella of your discretionary income, of course there is nothing wrong if you can maintain a strict order of buying such that it doesn't influences your other areas of life negatively, if investment is given the due accordance then it should approach with so much flexibilities where you don't get to be worried whenever you where not able to buy at the moment of no discretionary income available since you know you can do that at whenever you have, investment is for long term hence one needs all the peace of mind to carry out his investment in the long run without seeing it as a burden or anything of such.

Indeed our bitcoin investment shouldn't be seen as a burden it should be done flexibly with our discretionary income. But then, investing from our discretionary income doesn't guarantees us peace as some folks probably newbies who have up to 50% of their income as discretionary income might still panic when they see price changing direction, another scenario is probably someone who have accumulated for a long period of time, let's say 5 years and suddenly his accumulation seemed to become much of a big deal let's assume having invested 150% of his yearly income for the 5 years which means he invest 30% of his yearly income to bitcoin, again maybe he has never saved up to his yearly income before, the chances of being tempted to sell would be on the high side since he certainly wouldn't want to lose that money.

The solution to having better peace of mind, is by developing a more neutral psychological perspective about your bitcoin investment, since he certainly hasn't saved up to his yearly income before, there are chances that he is spending it all on wants and liabilities, however he can as well consider his bitcoin investment as another spending just like other times that he probably may not get back.

If a guy had been able to put 150% of his annual income into bitcoin over 5 years, then surely he had front loaded and even potentially created a strong investment base in the event that bitcoin ends up continuing to go up in the future. 

Sure, he could be tempted to tap into it, yet if he taps into it, he would still be likely depleting it rather than letting it ongoingly grown

In your example, he had also gotten his BTC investment up to that size by investing 30% of his income into bitcoin on an ongoing basis, so he may well not be receptive to reducing his bitcoin holdings, even though he might be tempted to take some of the money that he had been investing into bitcoin and either reduce it or to divert that money in other places in order to feel that he has some balance in other places, especially since he had gotten his bitcoin to a relatively strong foundational level.

We cannot put our thinking into the head of another guy.  I would imagine that over the previous 5 years the bitcoin price had gone up and down, and it could be possible that the bitcoin price could go up in a short period of time after he had already built up his bitcoin foundation.. so yeah, he likely needs to have some plans in place how he is going to deal with future bitcoin volatility, including likely the most immediate concerns about the extent to which he considers that he is still accumulating bitcoin and then other considerations in regards to if their might be circumstances that he might sell any since I would not consider him to necessarily be at a point that he would want to start withdrawing, even though he might start to feel that he is at a point that he can modify any future BTC accumulation that he does.

[ASloveapg]

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Health is the real wealth of a person, when we are not aware of our own health, and when we do not have good health, what will we do with our wealth? If we cannot have a good health to enjoy ourselves, then we will not get any value from our wealth. Many times it is seen that we make an emergency budget, and when we get sick, we keep backing up the cost of that illness with that emergency fund, but when the situation becomes critical, that emergency will end at some point, then we need more money and at that time we have to arrange money in any way, especially when the problem is in the health sector. In this case, I think if this health problem is at an extreme level and the emergency for us is over, then it will definitely not be wrong to sell Bitcoin to back up our health, because we are doing everything for our good health, but if we put our lives and health in danger to save our savings, then this wealth has no value.
First of all, you have to think about your own interests, keep yourself healthy, because if you lose money now, you can earn it back later, but if you die, you will never get your life back.

[Davidloki]

I frequently like to suggest that every single time a person buys new bitcoin, they should be consider that new purchase as having a 4 -10 year or longer timeline,

I think when it comes to bitcoin investment, every investor should consider a long term goal, like you mentioned 4-10 years or even more like you have suggested. Before investing in bitcoin, you should have a plan on how long you want to keep your bitcoin and you don't get distracted at every little rise in the price of bitcoin, but rather be focused on your original plan. its also important to note that for you to be able to accumulate bitcoin for such a long time, you must have made other plans and you have been able to set out your emergency fund, savings and other funds you may need, because if this plans are not set aside, you will be tempted to sell your bitcoin whenever you have needs. Another reasons for people to sell bitcoin they had plan to accumulate for a long time is when they are not focused, so they get tempted when they see a little rise in bitcoin. Every bitcoin investor should always try to accumulate bitcoin for a very long period of time and forget about the profit they want to make, but just keep accumulating and i think if you do this, you are on the right part to benefit big in bitcoin in years to come.

[Churchillvv]

Snip

Indeed our bitcoin investment shouldn't be seen as a burden it should be done flexibly with our discretionary income. But then, investing from our discretionary income doesn't guarantees us peace as some folks probably newbies who have up to 50% of their income as discretionary income might still panic when they see price changing direction, another scenario is probably someone who have accumulated for a long period of time, let's say 5 years and suddenly his accumulation seemed to become much of a big deal let's assume having invested 150% of his yearly income for the 5 years which means he invest 30% of his yearly income to bitcoin, again maybe he has never saved up to his yearly income before, the chances of being tempted to sell would be on the high side since he certainly wouldn't want to lose that money.

The solution to having better peace of mind, is by developing a more neutral psychological perspective about your bitcoin investment, since he certainly hasn't saved up to his yearly income before, there are chances that he is spending it all on wants and liabilities, however he can as well consider his bitcoin investment as another spending just like other times that he probably may not get back.

If a guy had been able to put 150% of his annual income into bitcoin over 5 years, then surely he had front loaded and even potentially created a strong investment base in the event that bitcoin ends up continuing to go up in the future. 

Sure, he could be tempted to tap into it, yet if he taps into it, he would still be likely depleting it rather than letting it ongoingly grown

In your example, he had also gotten his BTC investment up to that size by investing 30% of his income into bitcoin on an ongoing basis, so he may well not be receptive to reducing his bitcoin holdings, even though he might be tempted to take some of the money that he had been investing into bitcoin and either reduce it or to divert that money in other places in order to feel that he has some balance in other places, especially since he had gotten his bitcoin to a relatively strong foundational level.

We cannot put our thinking into the head of another guy.  I would imagine that over the previous 5 years the bitcoin price had gone up and down, and it could be possible that the bitcoin price could go up in a short period of time after he had already built up his bitcoin foundation.. so yeah, he likely needs to have some plans in place how he is going to deal with future bitcoin volatility, including likely the most immediate concerns about the extent to which he considers that he is still accumulating bitcoin and then other considerations in regards to if their might be circumstances that he might sell any since I would not consider him to necessarily be at a point that he would want to start withdrawing, even though he might start to feel that he is at a point that he can modify any future BTC accumulation that he does.

Perhaps in such scenarios guys who must have reach such level of accumulation is likely to continue the accumulation process yet not as much as they would be aggressive in the early days, hence I also imagine one could at some point want to stop accumulation or probably have the thought to take profit 4 years or 1 cycle after he must have reach the over accumulation position, yet arguably over accumulation is likely never reached in most cases as guys who have cultivated the discipline to accumulate bitcoin over a long term might want to still keep the energy regardless of how much BTC they might have been able to accumulate.

Additionally, I also have figured out that it’s quite obvious that we have a very few number of guys who might have reach a significant position of accumulation where they would consider it necessary to start withdrawal processes hence if not little to no one in this thread have been able to achieve the over accumulation position judging from our registration dates, however we might achieve such position in the next 2 to 3 cycles more if we are able to maintain the discipline to keep accumulating, knowing that bitcoin is quite not 100% guaranteed yet more guaranteed than every other investment one can think of today, hence accumulation is one of the most top priorities that guys like me will keep up with.

[Showlove01]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Well I think it depends on the kind of sickness the person is, if it is a life threatening sickness then it is enough reason for someone to stop accumulation and the funny thing is that, someone can not decide whether to continue accumulating or not but rather the sickness will determine. There are sickness that can weaken someone to the point they can not stand or hold sometimes for awhile so if someone has this kind of case they should first treat the sickness before Investing again because health is wealth.

To a certain point sickness can stop an investor from investing in bitcoin and this is only when the sickness affects there source of income but for those that have a good source of income that no matter the sickness it won't affect there income they can be investing in bitcoin for the sole purpose of wanting to leave an inheritance for the next generation. Therefore sickness will act as an impendiment when it affects our source of income.

It is those Investors that are too distracted and careless to create a backup money that stop their investing when sickness arises. Investor need to quit being unprepared and learn to plan for emergency.

Sickness can be a distraction especially those severe ones but that doesn't mean someone is careless to create emergency funds or back up funds. There may be emergency and back up funds to take care of the sickness but you may not be physically and emotionally stable or healthy to continue your investment or accumulation and this doesn't mean you are not a serious or mean you are a careless Investor. Investing in Bitcoin is very good but don't do it when you know within yourself you can not because it can be dangerous.

[Onyeeze]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Well I think it depends on the kind of sickness the person is, if it is a life threatening sickness then it is enough reason for someone to stop accumulation and the funny thing is that, someone can not decide whether to continue accumulating or not but rather the sickness will determine. There are sickness that can weaken someone to the point they can not stand or hold sometimes for awhile so if someone has this kind of case they should first treat the sickness before Investing again because health is wealth.

To a certain point sickness can stop an investor from investing in bitcoin and this is only when the sickness affects there source of income but for those that have a good source of income that no matter the sickness it won't affect there income they can be investing in bitcoin for the sole purpose of wanting to leave an inheritance for the next generation. Therefore sickness will act as an impendiment when it affects our source of income.

It is those Investors that are too distracted and careless to create a backup money that stop their investing when sickness arises. Investor need to quit being unprepared and learn to plan for emergency.

sickness is not something that is being planned or programmed, it is necessary but sickness can breach anyone who is into investment not to invest so let us generalize it not really focusing on Bitcoin because I know quite well that if you are a bitcoin investor and you have the interest to invest in Bitcoin a sickness can deprive you not to invest in Bitcoin, that is why many people says that health is power and the health is also money and health is connection,  so when you are health free you can do anything that you plan to do and it work out for you successfully, so do not say that someone need to have a backup in sickness because of Bitcoin investment I disagree with such point of yours

[ejikeme24]

Health is the real wealth of a person, when we are not aware of our own health, and when we do not have good health, what will we do with our wealth? If we cannot have a good health to enjoy ourselves, then we will not get any value from our wealth. Many times it is seen that we make an emergency budget, and when we get sick, we keep backing up the cost of that illness with that emergency fund, but when the situation becomes critical, that emergency will end at some point, then we need more money and at that time we have to arrange money in any way, especially when the problem is in the health sector. In this case, I think if this health problem is at an extreme level and the emergency for us is over, then it will definitely not be wrong to sell Bitcoin to back up our health, because we are doing everything for our good health, but if we put our lives and health in danger to save our savings, then this wealth has no value.
First of all, you have to think about your own interests, keep yourself healthy, because if you lose money now, you can earn it back later, but if you die, you will never get your life back.

Of course you have every right to sell your holdings whenever you feel like or when there's health challenge and it happen that your emergency funds is not large enough to take Care of the bills, but i can assure you  that if you build a very large emergency funds you would surely solve whatever problems you want to solve without tempering your investment. You can only be worried about getting your emergency funds exhausted when you don't make it large, and it will be more easier for us if we have different cash flow Because the reason why most investors is finding it hard to build a large emergency funds  it's because they only have one source of income which the money they pay might not be enough for our budgets that is why we need to look for other source so as to enable us meet our budget.