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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 105832 times)
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Today at 01:17:50 PM
 #12741

-snip-

Buying the home you live in is vitally important. That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced. Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this. I never regret cashing out my coins.
Now, regardless of how much I can save, most of it goes toward buying Bitcoin. It's not an easy task, life here is very expensive, but we can still set aside some money, and that's how I try to increase my coin holdings.


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Today at 01:55:22 PM
 #12742

-snip-

Buying the home you live in is vitally important. That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced. Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this.
At certain phase of ones life, you will come to a point where you decide that you are at the phase where getting a good house for yourself is a good thing or not and depending on what your plan is, you can decide to get your dream house in your home country or any country of your choice and decide if you are going to live in the house or give out a portion of that house for rentage. these are part of the reason why as an investor, it is necessary that you have an investment plan and decide on what point is to be seen as your peak investment status. at your peak investment status when you have reached your investment goal, whatever you do at that point is absolutely okay as long as you have attained your goal. it is only bad that at the stage when you should be accumulating bitcoin you switch to selling your just because you want to be seen as an house holder.
I never regret cashing out my coins.
Now, regardless of how much I can save, most of it goes toward buying Bitcoin. It's not an easy task, life here is very expensive, but we can still set aside some money, and that's how I try to increase my coin holdings.
sounds like satisfactory to me though i will tend to see it as though you have been investing for so long a time that you are able to have chopped off a part of your holding for a dream house and yet you are still all involved in investing yet again. it takes an investor that that understand the system real well and that has become profitable in his investment to undergo this circle and for that, it demands an applause. hopefully, you get to stay invested for the long term yet again and be more profitable with your current investment than the past.

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Today at 02:56:34 PM
 #12743

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .


Your statement is misleading,there is nothing wrong with investing hugely in bitcoin. Haven't you heard about the big whales in bitcoin and how successfully they have grown for investing big and holding for the long term? You shouldn't expect people discretionary income to be the same,that can't be possible. Anyone can start with any amounts provided it is discretionary income. It doesn't matter Whether it is a large or small amount provided it an amount they can afford to lose. The bigger your bitcoin portion and the longer you hold is what will determine how successfully you will become.
It is a bad idea if someone decides to invest in bitcoin using a lump sum amount as long as they are investing from there Discretionary income.However most people may not fancy the idea of starting with huge amounts of money rather they may prefer to start small and grow there bitcoin holdings as time goes.
About the big whales am not sure if all of them started with huge amounts of money, consistentency plays a great role in building a good portfolio.
You’re not so correct. I would say it’s not a bad idea, investing lump sum is not inherently bad if you have the cash ready, a solid emergency funds, with risk tolerance, and having a long term investment mindset like 4-10 years. You have to understand that anyone can invest in bitcoin both rich and poor. If a rich person, who has set aside a back up funds then probably decides to starts with a lump sum, knowing too well he’s investing what he can afford to loose. will you call it a bad idea. The way people are different, so it’s their approach to investing in bitcoin is, in as much as the goal is to hodl for a long term. Yes DCA method is very good and tend to be smarter, even more practical choice since it’s allows you to invest on a weekly or monthly basis especially to beginners and even people with low income. DCA works so well practically. It tends to turns small, regular discretionary income into a bigger portfolio over time without requiring perfect timing.
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Today at 03:21:30 PM
 #12744

-snip-

Buying the home you live in is vitally important. That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced. Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this.
At certain phase of ones life, you will come to a point where you decide that you are at the phase where getting a good house for yourself is a good thing or not and depending on what your plan is, you can decide to get your dream house in your home country or any country of your choice and decide if you are going to live in the house or give out a portion of that house for rentage. these are part of the reason why as an investor, it is necessary that you have an investment plan and decide on what point is to be seen as your peak investment status. at your peak investment status when you have reached your investment goal, whatever you do at that point is absolutely okay as long as you have attained your goal. it is only bad that at the stage when you should be accumulating bitcoin you switch to selling your just because you want to be seen as an house holder.
There is time for all things, there is a time to buy and hold which is when you have discretionary income. There is so a time to sell. But selling while still accumulating is sometimes emerges out from impatience and it completely fucks people plan up.

It makes perfect sense for people to come up with an investment plan should support holding bitcoin over a long haul. True shelter is a basic needs for every people, but to sell the bitcoin you have just to buy a house when still accumulating is not right at all, unless the person has already accumulated more than enough.
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Today at 03:29:16 PM
 #12745


And emergency funds are also used in the purchase of Bitcoin, so emergency funds create savings in all aspects.
This is actually misleading and it's an act that we should avoid by all means because investing your emergency funds into Bitcoin put your investment in serious risk where you will be forced to sell off your holdings when emergency situation arises the moment you used it to invest. So it's a very big mistake we all should avoid.

Additionally, emergency funds stands as the last layer of protection for your Bitcoin investment, so investing with it makes no sense at all because by doing so, your Bitcoin investment becomes vulnerable to any emergency situation that may come up that period, so don't be tempted to commit that self destruct, thinking you are doing the right thing.
I think he might be referring to reserve funds as I see, because there is no way anyone should be considering such a mistake like investing there emergency funds, Bitcoin investment has a lot it has taught Bitcoiners especially those that are ready to learn, what is the reason for emergency funds, I think that should be the question here, if he @As-soon-As understands this, he will definitely withdraw his statement, reseve funds can be used to buy Bitcoin for instance when we keep doing our DCA with our discreationary income and all off a sunden the price crash and we would love to buy more in large quantity at the point, if we have reserve funds available, we can go ahead to buy with it after all it is a reserve fund, we can say it serve different purposes, but we can't put emergency fund here because it's purposes are strictly outlined which is helping us to scale through emergencies without failing back to our investment as alternatives.

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Today at 03:57:05 PM
 #12746

There is time for all things, there is a time to buy and hold which is when you have discretionary income. There is so a time to sell. But selling while still accumulating is sometimes emerges out from impatience and it completely fucks people plan up.

It makes perfect sense for people to come up with an investment plan should support holding bitcoin over a long haul. True shelter is a basic needs for every people, but to sell the bitcoin you have just to buy a house when still accumulating is not right at all, unless the person has already accumulated more than enough.
I think that when we talk about this, it's clear that everyone will have different opinions, because basically this will be based on the needs of the individual. So, for example, if someone doesn't have a house and the only way to get one is to sell their bitcoin, I don't think we can say that this is wrong. Because a house is a necessity that I think is very important, especially for those who already have a family. Because if you continue to rent a house for a long time,, it will certainly cost a lot of money and also take a toll on your mental health.

Because every month,, we will definitely be worried and anxious when renting a house, because if we cannot pay the rent, we will definitely be evicted and will not have a place to live. Additionally, house prices increase significantly every year. Therefore, buying a house now is clearly more advantageous than buying one in five years. Therefore, in my opinion, selling Bitcoin to buy a house is still understandable, as it is clearly a necessity. And after owning a house, I believe that person will be able to focus more on accumulating Bitcoin again. Because after owning a house, they will no longer have to worry about rent. That is my conclusion

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Today at 04:24:26 PM
 #12747

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .

These set of persons are only out there sitting on the fence and discouraging other investors from investing, when will they have the required amount of money that will be pleasing to them to invest in bitcoin, and how long will it take them to reach their over accumulation stage for eternity, these are the set of persons that ends up regretting their actions in time to come when Bitcoin price has increased more than expected, because they could no longer buy it again by then it will be too high for them to purchase, they will start waiting for the dip, always having one excuse or the other not to invest in bitcoin.
Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.
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Today at 05:17:03 PM
 #12748



Bitcoin should be invested with the money that you are saving for the future, if you invest in Bitcoin with discretionary income, then it will definitely be easier to maintain your video in the long term. Because later on, you will not come from outside on Bitcoin investment, so investing in Bitcoin with discretionary income gives the most benefits.
Because those who have held Bitcoin have formed an emergency fund, by forming an emergency fund, it is possible to sustain Bitcoin investment for a long time. And emergency funds are also used in the purchase of Bitcoin, so emergency funds create savings in all aspects.

It is very risky to use your emergency funds for buying bitcoin, even if you are not planning to hold for long term. Using emergency funds to invest in bitcoin instead of discretionary as it ought to be is a big mistake on the part of the person. Emergency funds just as the name conote should be used for addressing emergency situations and not for investing. If you emergency funds for investing in bitcoin for a long term, it means you will locking up your emergency funds for years.what then will happen when we are face with urgent situations?.
Who ever that puts there emergency funds to buy bitcoin is not investing in bitcoin but there motive is trading.

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