Buy Buy Buy or Sell Sell Sell?

[Obulis]

Age is not a barrier in investing in bitcoin as long as you have your investment plan drawn and figured out that will be successful to you using your discretionary income then you can get started buying your bitcoin and then you have to know the rate at which you have to build your back up funds and continue to buy using dca daily,weekly or monthly whichever you prefer and later if you are financially stable can decide to adjust your buying strategy, it all depends on how you handle your investment and your life.

It's true that age isn't a barrier for those who have the will. For another reason even if you're still relatively young if you don't have confidence in investing it's certainly very difficult for those without a life goal for old age. Many people work hard, but they still think about the future. They think that if this continues what will we enjoy when our health deteriorates So I think thinking about the future is something only experienced by someone with a family (a wife and children).
Because no matter how frugal a young person is their expenses still seem unthinkable—in other words they don't have any responsibility. In fact sometimes their income exceeds that of someone who already has responsibilities for a wife and children. It all depends on each of us to adjust. If we adjust correctly the investments that become our retirement assets will be easy to accumulate.

Of course, age is not suppose to be a barrier. Although some people dies when they're just 35 years old because they no longer aspire in life, for such a person at old, the chances of them thinking of investment is slim. But for the investment minded people, even at old age they still carry having the joy of passing on their wealth to well meaning family that they had built all the years of their life (wife, husband, children, siblings).

It's not correct to think that it's only married people that has responsibilities at alankasman. Some young man unmarried people are the back bone of their parents, siblings and some friends even. Is helping families and friends coupled with personal needs not responsibilities? Having wife and children is a different kind of responsibility.
To think of it, a young person who has a plan they are working on has the responsibility to bring it to life, as in life dreams!!

[JayJuanGee]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

I don't understand why people will hold bitcoin for a decade when they know the bitcoin cycle lasts four years. If one is clever enough, one can buy at the bottom of the bear market and can sell in the bull market at the top. I know it's impossible to catch the exact top or bottom, but even if we manage to buy when everyone is fearful (extreme fear under 10) and sell when everyone is in extreme greed, we could still make good money.
However, in my case i may keep 25% of the bitcoin holding untouched even in bull / bear markets just to be on the safer side.

Buying during a bear market and selling during a bull market is definitely profitable because the price of BTC always rises significantly during a bull market, almost doubling in value, and you will definitely make a large profit if you hold BTC for one cycle, as you mentioned.

However, this depends on each individual because everyone is free to choose. But if we hold BTC for two cycles, the profits will definitely be greater. Personally, I would like to hold BTC for more than two cycles because I want to reap the profits when I retire or pass my BTC on to my children and grandchildren.

If you want to hold 25% of your BTC and not sell it in the near future, I think that's a good idea.

If you don't have any bitcoin, then are you going to wait?

What if you don't know if it is a bear market or a bull market?

If you don't have any bitcoin, then usually you have to get some amount of stash first, otherwise your only two options are to wait or to buy.  you cannot sell what you don't have.... and even if you are early in your bitcoin journey it seems pretty dumb to be selling bitcoin out of expectations that the price might drop since the price might not drop as you had expected it to do.

Taking of loan is definitely a personal choice, it has worked well for some folks while some other folks having regretted taking such an action....Well I believe that when done the right way loans will not take away you peace of mind....Bitcoin is a volatile asset, the future is mostly uncertain, and it would seem only foolish for folks to borrow money with the intention of using the proceeds/profits they get from Bitcoin in repaying that loan...It wouldn't be a bad idea if one takes probably a low interest loan, and the repayment of the loan is not dependent on the supposed profit you will get from Bitcoin...

Indeed folks should stick to what they can handle without letting it interrupt their bitcoin investment, just as Jay said, taking loans to invest in bitcoin is an advanced technique however, those starting their bitcoin investment shouldn't attempt taking loans because they still need some level of experience to really understand how the whole accumulation process works first with their discretionary income until it becomes their habit. Loans can be used to front load your bitcoin investment especially during dips but first we must ensure we have a way of paying back without messing with our bitcoins. Well I think everything we must do with our finance especially when it comes to investment must be thoroughly planned with a touch of experience. The difference between a newbie and a pro bitcoin investors is the planned strategy and how they implement them.

You don't need to plan and figure out to just start buying bitcoin and DCAing.  The more complicated and/or aggressive that you plan to be, then you will likely have to employ higher levels of preparations and plannings to make sure that your chosen added level of complexity is not going to cause too much risks and/or costs in regards to your bitcoin holdings and/or management.

this is a personal decision because everyone’s life situation is different, many people believe that at a young age it is better to start investing before buying a house, at this stage income is usually lower and there is more opportunity for income to grow in the future, so if someone invests early in something that can increase in value over the long term it can lead to much greater financial benefit later, many people see bitcoin as a long term investment because its price has increased over time although it also involves risk,on the other hand living in a rented place does not mean wasting money, if someone pays rent while also investing regularly then in the future the profit from those investments can easily cover the cost of rent, this can increase the chance of financial freedom and later it may be possible to buy a house using those savings...

I think youth is a very worthy time to invest because sometimes our health is not necessarily the same in the future.

I don't think you lot should be tying investment to age. The worthiest time to invest in when you have a discretionary income to use. It makes no difference if you are young or old, without cash you can't invest, simple.

Young fellas fall sick, lose their jobs, and drown theirselfs in responsibilities just like the old fellas. So you see why it is completely pointless for people to act like youthly age makes them better in investing than the old.

Age and health status is a factor that guys should consider in light of potential timeline considerations, income earning potential, expenses and perhaps some other reasons.

If you ignore health and age factors, then you are likely failing/refusing to account for relevant factors - especially if you are investing for 4 to 10  years or longer.  Many times younger people who do not have age/or or health issues, they may well be investing for 10 years or longer, yet someone who has age and/or health issues, might not be able to commit for 10 years or more and might only be abe to commit to something in the 4-10 year range.

No matter what age one starts investing in Bitcoin, the most important thing is that he should invest with discretionary income. If he does not have discretionary income, then whether he is young or old, he should not hope to invest in Bitcoin. However, there are many advantages to investing at a young age. If you invest at a young age, you will have enough time and you will have more time to earn income. Because as you get older, the pressure to move from accumulation to withdrawal increases faster. That is why you should first understand your discretionary income and the system should be such that the market does not force you to break Bitcoin in bad times. As a result, before you get old, you will have the possibility of creating a position where you will get financial security through Bitcoin until the last day of your life without working.

I think its Variable when one starts to Invest. When a person Starts Investing young he has a Bigger margin of Error, He can make Mistakes because he has Time, while In contrast A person Investing at an old Age might have the pressure of their Family, His Inability to make errors and Other Factors. But one Thing to Note is that Old Age Must not stop us from Investing in Bitcoin. Sure Young people have a More time to have exposure in the Market But What old people have is maturity, They have the Ability to Hold when things get rough, they are disciplined as they are more experienced. Overall IMO young People have more time to be in the Market while Old folks Have the Money and Discipline to Account for that.

Generally speaking you are correct that young people have time and old people have experience and potentially accumulated wealth.

There are cases where young people have a lot of capital too.

And, there are cases in which old people had failed to sufficiently/adequately invest in their youth (or they might have had gone through some mistakes, suffering and/or losses later in life) and they might find themselves in a bit of a panic place (a place of needing to start over), even though  they don't have the luxury of time that would allow them to be able to make as many mistakes as they could have had made if they were younger, which is part of a lesson that guys need to start investing earlier and don't screw things up too much along the way.

[Grace333]

You are absolutely correct Michael saylor started his Bitcoin investment at his late 50's but that doesn't mean this will work for everyone and the reason why Saylor started Bitcoin investment and bought that large quantity was because he has the capacity and he kinda foresee what Bitcoin holds in the future and I believe whatsoever amount he is using to purchase Bitcoin with, is what he can actually afford to lose ( discretionary income). Yes that advantage is very certain if only we hold for long and Bitcoin actually surge in that stipulated time.

Exactly, someone of age that got to know about Bitcoin when he is spending from his pension or probably other source of income with no tangible capacity to look back to shouldn’t not invest in Bitcoin. Though it’s wise that if they invest in Bitcoin, it’s certain the ROI will be for their kids or grand children, but you won’t want them to start developing high blood pressure when the market is on a downtrend, I don’t think they can cope with that. Right now you can barely convince an elder to invest in Bitcoin, because they never had the know about it from their youthful age, rather they fall will back to the system they know best, which is to keep their money in fiat.

[Regardme]

I even think that youth is the right time to invest, which is true as you said, and I have been thinking that way since I was young so as not to miss that moment. And the thought arises that if investing can be done later, it would be a regret. So if we want a better old age, we must invest from a young age, and I see this awareness slowly starting to grow in today's era, and that is a positive thing.

It's very appropriate for those who start at a young age because there are many reasons worth mentioning. One of them is that young people work solely to invest for the future. This is because persistence in working certainly makes it very easy to earn income so that the income they have apart from daily needs young people more or less immediately invest for our old age because we don't really understand our health. Therefore gaining income at a young age is one of the right steps to continue investing whether by accumulating Bitcoin or other things that have the same benefits as investing in Bitcoin.

This also depends on our individual awareness because there are cases where the opposite happens where young people are even worse off spending the income they have from their place of work and don't even have any savings at all so it is very difficult for someone who does this for their future will definitely be difficult.

You’re on point. Money that is being invested early is likely to grow much more over decades because of compounding. When investing even small amount and on a regular basis can turn your portfolio into a big one. Basically, early awareness in bitcoin investment is a huge edge because it avoids the regret many people feel later when they realize how much more powerful starting early is. And there are some regrets that’s comes with starting late, maybe trying to catch up or less time for growth.

[JayJuanGee]

this is a personal decision because everyone’s life situation is different, many people believe that at a young age it is better to start investing before buying a house, at this stage income is usually lower and there is more opportunity for income to grow in the future, so if someone invests early in something that can increase in value over the long term it can lead to much greater financial benefit later, many people see bitcoin as a long term investment because its price has increased over time although it also involves risk,on the other hand living in a rented place does not mean wasting money, if someone pays rent while also investing regularly then in the future the profit from those investments can easily cover the cost of rent, this can increase the chance of financial freedom and later it may be possible to buy a house using those savings...

I think youth is a very worthy time to invest because sometimes our health is not necessarily the same in the future.

I don't think you lot should be tying investment to age. The worthiest time to invest in when you have a discretionary income to use. It makes no difference if you are young or old, without cash you can't invest, simple.

Young fellas fall sick, lose their jobs, and drown theirselfs in responsibilities just like the old fellas. So you see why it is completely pointless for people to act like youthly age makes them better in investing than the old.

Age is not a barrier in investing in bitcoin as long as you have your investment plan drawn and figured out that will be successful to you using your discretionary income then you can get started buying your bitcoin and then you have to know the rate at which you have to build your back up funds and continue to buy using dca daily,weekly or monthly whichever you prefer and later if you are financially stable can decide to adjust your buying strategy, it all depends on how you handle your investment and your life.

Age is a factor, whether it is a barrier or not is another story.

Anyone who is trying to seriously consider their approach to bitcoin investment in regards to their 9 individual factors, and age is associated with timeline for investing, employability, skills, future income, future expenses, health and likely some other factors.  So you are being simplistic and incomplete if you believe that it is a good idea to just gloss over age as if it did not matter.

We age.

We are at different places of life.

Some people are more healthy or less healthy (more energetic or less energetic based on where they are at age-wise.

age likely affects what kinds of possibilities that a person might have in regards to skills that can be learned and perhaps also the extent to which it might be feasible to learn new skills.

Age is not a barrier in investing in bitcoin as long as you have your investment plan drawn and figured out that will be successful to you using your discretionary income then you can get started buying your bitcoin and then you have to know the rate at which you have to build your back up funds and continue to buy using dca daily,weekly or monthly whichever you prefer and later if you are financially stable can decide to adjust your buying strategy, it all depends on how you handle your investment and your life.

Although age is not a barrier, a lot depends on the age of the investment plan. Because the older the age, the less time. In the case of those who are under 30, a kind of plan will have to be made. And those who are around 40 will have a very different mindset. those around 60 or more, investing in Bitcoin will have to be done with a lot of thought. Especially, that person should consider his/her position and financial capacity before investing. If he is older, there is a real difference compared to a younger person, that is, the uncertainty of family expenses may be more.

So now one thing is that considering age, should the investment back-up fund be kept more? If it has to be kept more, should that person keep it according to 6 months' expenses or more?

Age affects various factors related to investment and even cashflow management, yet i would imagine that back up funds relate to a variety of factors that relate to the steadiness (or lack of steadiness) in income and/or expenses, and also it seems that the larger that the bitcoin portion of the investment portfolio becomes, the more justified it would become to hold higher levels of back up funds and some of those might not even be kept in cash once the cash portions get to 3 months of expenses or perhaps if it gets to 6 months of expenses. .guys have to look at various things going on in their life in order to figure out how much back up funds to keep and also how much they want to make sure to avoid having to tap into their bitcoin at a time that is not completely of their own choosing.

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Although age is not a barrier, a lot depends on the age of the investment plan. Because the older the age, the less time. In the case of those who are under 30, a kind of plan will have to be made. And those who are around 40 will have a very different mindset. those around 60 or more, investing in Bitcoin will have to be done with a lot of thought. Especially, that person should consider his/her position and financial capacity before investing. If he is older, there is a real difference compared to a younger person, that is, the uncertainty of family expenses may be more.

So now one thing is that considering age, should the investment back-up fund be kept more? If it has to be kept more, should that person keep it according to 6 months' expenses or more?

This is a rather unique discussion because it concerns the age of each investor who wants to invest or wants to implement investments with a well-thought-out plan. In general, there's a fundamental difference when an investor is very young and hasn't reached 30 years of age, so the preparation required will be much greater than for those over 40, as their personal needs and expenses will be significantly different.

Age does not cause anyone to have a higher or lower time to prepare.

Age and factors related to age have to be accounted for in any preparations, yet anyone can get started investing in bitcoin as soon as they know that they have discretionary funds and common sense.

If a person is too immature, for example, then he might not be ready to invest in bitcoin due to lack of common sense... otherwise age and age related matter should only affect various ways that that a bitcoin newbie prepares, but not slow down the starting of the bitcoin investment, whether the guy is starting out with $100 per week, $10 per week or some other amount that he determined to be a reasonable amount to start with.

Therefore, setting aside six months or more of savings can be a very viable option for younger investors, although it's also feasible for older investors.

You don't need to set more money aside based on age and you don't need to slow down investing into bitcoin based on concerns that your back up funds are not enough, unless you know that your finances are a mess  and you cannot figure out the extent to which you have discretionary funds and/or future income.

If a person has absolutely no money and he is paid every month around $1,700, and if his basic expenses are $1,100 per month, then if he holds $1,100 aside to cover his basic expenses, then he has $600 remaining until he gets paid next.  Optionally, he could invest $200, put $200 in his back up funds and then have $200 for discretionary spending.

So then the next month he gets paid, and at that time, he does the same thing, so then both his bitcoin and his back up funds had gotten built up to $400 each.  Maybe after around 16 months he would have had invested $3,200 into bitcoin and his back up funds are also $3,200 (which is nearly 3 months of his expenses), s maybe in the 17th month he decides to invest $400 into bitcoin and have $200 in his discretionary spending. 

Guys can make allocations based on their situation and build their various funds as they go.

Older investors typically have lower personal expenses than younger investors, especially if their children are older and can make their own plans more independently. Meanwhile, younger investors who don't yet have family responsibilities must be more diligent in earning money and making substantial preparations so that their investment journey isn't significantly disrupted by daily living expenses. This is a fundamental difference in the age range of investors who want to hold Bitcoin long-term.

You should not presume the income, the expenses or even the prior investments of a person based on age, even though age is a factor that each person needs to take into account. If you ignore age or even just superficiallly make presumptions about your bitcoin investment based on your own age, then you are being sloppy and likely going to do worse in your bitcoin investment based on your failing/refusing to adequately account for your personal factors in meaningful and significant ways..

Age is not a barrier in investing in bitcoin as long as you have your investment plan drawn and figured out that will be successful to you using your discretionary income then you can get started buying your bitcoin and then you have to know the rate at which you have to build your back up funds and continue to buy using dca daily,weekly or monthly whichever you prefer and later if you are financially stable can decide to adjust your buying strategy, it all depends on how you handle your investment and your life.

Bitcoin is open for everyone to come and invest regardless of his age. We have example of Micheal Saylor who is 60 years old and is doing extremely good with Bitcoin. He is inspiring young people about how to hold there nerves during the time of dip and also telling people that Bitcoin is an asset that is going up forever. If you are young then you can invest in Bitcoin for next 15 to 20 years and that will give you a good financial benefit at the time of your retirement or when you don't want to work anymore. One more advantage of investing in Bitcoin for long term is that there is possibility that you can get financial independence and you can plan an early retirement.   

You are absolutely correct Michael saylor started his Bitcoin investment at his late 50's but that doesn't mean this will work for everyone and the reason why Saylor started Bitcoin investment and bought that large quantity was because he has the capacity and he kinda foresee what Bitcoin holds in the future and I believe whatsoever amount he is using to purchase Bitcoin with, is what he can actually afford to lose ( discretionary income). Yes that advantage is very certain if only we hold for long and Bitcoin actually surge in that stipulated time.

Generally speaking Michael Saylor and MSTR do not tend to be very good examples for what most normal people should do in regards to either investing in bitcoin and/or managing their cashflows - except that he is focused on bitcoin accumulation, which is a good thing - however, Saylor/MSTR spends a lot of efforts in using other people's money and also inspiring confidence in bitcoin and his products (less directly). 

An overwhelming majority of people need to figure out how to stay focused on buying bitcoin while staying with the bounds of their own discretionary income and also managing their cashflows to that they are ongoingly protecting their bitcoin (and adding to it) even though they might have ups and downs in regards to how much they are able to add to their bitcoin on a weekly basis or however frequently are their purchases of bitcoin. 

Furthermore, unlike Saylor, normal people should probably strive to keep 70% or more of their bitcoin into self-custody, even though sure maybe they want to use custodians, exchanges and other third party services too.. but it seems better to keep most of their coins in private custody and protected and backed up.