Buy Buy Buy or Sell Sell Sell?

[ejikeme24]

Best thing to do in time like this firstly , silent the noise . Yeah in time like this there will be a lot of noise especially from social medias , some will come out saying bitcoin is going to $10k  and so on . But that shouldn’t be your focus right now , those talking about the dip blablabla , the dip is here already just keep up your accumulation pace , even when dcaing you can still buy the dip while doing so .

Those that are waiting for the dip will be feeling themselves now and some may even decide to wait even further , but don’t forget this is Bitcoin we are talking about and the market is unpredictable this may end up being the last time  you’ll see Bitcoin at 5 digits , and then the next dip you’ll be waiting for would be at 6 digit .

Those noise they are making out there can only affect those who are giving them attention, in as much as I know that I haven't reach my investment goal or the status of overaccumulation I would silent the noise maybe I could start paying attention to those their noise after I must have get to where i destined to be, if at all I would even have the time to be listening to them. It is only an investor that doesn't have plan for him or herself that can give attention to those side talks, majority of those who are  talking about Bitcoin in a very bad way might have reach their investment goal probably just looking for someone they could poison/ or delay but most people seems not to understand this secret.

[leonair]

It is very difficult to justify still having money for each of our dips... so maybe a person had been buying bitcoin regularly but then keeping some cash on the side, so when the BTC price dropped from $126k to below $100k, they would have had been already buying the dip.

And then when the BTC price went from the down into the $80ks the first time there would have had been some additional buying.

So then the prices are already cheap, so then there might be little justification to hold back value to wait for dips that might not come, but  yes, we got a dip from the mid $80ks into the lower $60k.. so it is hard to imagine how very much money would be ready for buying these various dips.

Sometimes the buy orders are preset, so that a person does not miss the dip... otherwise, they have to watch the charts or maybe set some price alarms so they will be alerted if the price goes below a certain price point.

It does feel good to buy dips, yet at the same time, it is quite easy to run out of money for such dip buying in the event that such dip buying happens.

There can be ways that a certain amount is kept for dips down to various price points, yet it seems that if a person is seriously DCAing and  trying to prepare for UP, they are not going to have a lot of money left over money to buy down every $5k drop between $80k and $30k, or whatever extreme point that the BTC price could be imagined to be possible to go at any point in its existence..

The real problem with the buy-sell debate is that many people focus too much on price. And not enough on cash flow discipline. Buying and selling sounds attractive, but most people don't have a lot of income. So the idea of saving slowly and little by little works well for all of these people. A DCA system is automatically followed. When the price drops, they automatically benefit by buying more shares. At the same time, it reduces the pressure of waiting for a big profit and keeps the mind fresh. There is no fear of any big loss. Which automatically creates a mindset of holding for a long time. Another big issue is the risk of keeping the funds safe. Bitcoins held on exchanges are not completely under the user's control, even without a hack. Using a personal wallet is much more important for long-term holding.

[Joy- maker]

Yes I’m agreeing with you and the analogy you gave, of a truth being whimpy or aggressive depends on the investor as we’re all free to choose what happens with our discretionary income but it’ll be best to utilise it to good use by investing a big or bigger percentage into bitcoin than buying whimply or spending it on consumptions and relaxations.

To be a better successful investor we have to be aggressive when we can, buying whimply can only keep you in the market but wouldn’t take you very far.

Everybody is free to decide how to spend their leftover money (discretion income) but real Bitcoin investors will choose to allocate more portion of their discretionary income to Bitcoin, and then allocate the rest to their emergency fund and backup fund. than spending it the opposite ways. And what determines how profitable an investor can be is the amount the investor is holding in Bitcoin. Because as an investor you can't make reasonable profit from Bitcoin, when you are having small amount of Bitcoin in your self custodia wallet. So therefore, if you want to make good profit from Bitcoin, stay consistent in accumulating Bitcoin, till you accumulate good amount in Bitcoin, and then hold for long term.

[cyberninja2]

Everybody is free to decide how to spend their leftover money (discretion income) but real Bitcoin investors will choose to allocate more portion of their discretionary income to Bitcoin, and then allocate the rest to their emergency fund and backup fund. than spending it the opposite ways. And what determines how profitable an investor can be is the amount the investor is holding in Bitcoin. Because as an investor you can't make reasonable profit from Bitcoin, when you are having small amount of Bitcoin in your self custodia wallet. So therefore, if you want to make good profit from Bitcoin, stay consistent in accumulating Bitcoin, till you accumulate good amount in Bitcoin, and then hold for long term.

This is one of the steps that is quite good in my opinion because it is done to decide discretionary income but knows how to divide it into expenses so that the expenses made by investors are aimed at personal interests as well meaning investors make investments but they do not forget to also provide emergency funds because they think that both things that are done will also be beneficial in the future when the position is in a difficult situation so that they always involve consistency in doing anything so that when they do in the investment sector of course they will always have consequences for full concentration. This aims to not feel deeper losses when they accumulate Bitcoin in the long term.