Buy Buy Buy or Sell Sell Sell?

[Big Dirams]

Many people misunderstand what it means to invest in Bitcoin. From day one there focus should be on consistency and sustainability, focusing on ways to increas their Bitcoin accumulation. Not chasing quick profit.

Bitcoin is a long term investment, if your mindset is centered on immediate gain  you are likely to struggle to remain consistent. Real investor understand patience and discipline. Bitcoin is futuristic and those who truly understand  that stay consistent and don't get distracted by short term gains.

As a new investor to bitcoin having quick mindset of making fast profits is a wrong approach when investing in bitcoin. The positive approach is by having the future mindset, aiming for future purposes and keep the consistency going on accumulating more and more. Let have strong  plans for future and make sure profits shouldn’t be our priority at all.
 Profits shouldn’t be what makes us go into bitcoin investment at all, focusing on profits would absolutely make our journey complicated and probably we are going to end up in failure as many others who prioritize profits in bitcoin investment. Instead on focusing on profits when not we push such mindset towards building more funds for accumulation of bitcoin and make plans for future.

[landheer]

Many people misunderstand what it means to invest in Bitcoin. From day one there focus should be on consistency and sustainability, focusing on ways to increas their Bitcoin accumulation. Not chasing quick profit.

Bitcoin is a long term investment, if your mindset is centered on immediate gain  you are likely to struggle to remain consistent. Real investor understand patience and discipline. Bitcoin is futuristic and those who truly understand  that stay consistent and don't get distracted by short term gains.

Yes, investing in BTC is not trading, so we definitely shouldn't be tempted by quick profits. If we do, it's potentially difficult to invest in BTC long-term. A great investor will focus solely on accumulating BTC and not think about quick profits. They're looking for greater returns by holding BTC for the long term.

Actually, investing in BTC for the long term is very easy. The most important thing is to be patient. Sometimes holding BTC is difficult, and few are tempted. However, we must remember our goals and aspirations so we can hold on to BTC firmly for the long term.

[ruykeri]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

Most people can change their mentality very quickly. When they suffer losses due to making the same mistake several times. But some people cannot change their mentality even after making mistakes repeatedly. Because they have a lot of greed. They want to get rich very quickly. The thing is that it works like gambling for them. At some point, they may become addicted to Bitcoin trading. They keep making the same mistake by predicting the price in the short term. But if they had hold the money from that trading for a long time. Then the risk would have been less and the possibility of making profit would have been more.

[Tetu100]

Many people misunderstand what it means to invest in Bitcoin. From day one there focus should be on consistency and sustainability, focusing on ways to increas their Bitcoin accumulation. Not chasing quick profit.

Bitcoin is a long term investment, if your mindset is centered on immediate gain  you are likely to struggle to remain consistent. Real investor understand patience and discipline. Bitcoin is futuristic and those who truly understand  that stay consistent and don't get distracted by short term gains.

As a new investor to bitcoin having quick mindset of making fast profits is a wrong approach when investing in bitcoin. The positive approach is by having the future mindset, aiming for future purposes and keep the consistency going on accumulating more and more. Let have strong  plans for future and make sure profits shouldn’t be our priority at all.
 Profits shouldn’t be what makes us go into bitcoin investment at all, focusing on profits would absolutely make our journey complicated and probably we are going to end up in failure as many others who prioritize profits in bitcoin investment. Instead on focusing on profits when not we push such mindset towards building more funds for accumulation of bitcoin and make plans for future.

You are right, profit making is good but it becomes more toxic when you make it the main purpose of your investments journey, however real life issues is something we can't avoid even if we try to avoid it and I can understand it's the reason we seek for profit all the time but that's why we always have the right funds to fix that which is the emergency funds and backup funds.

Furthermore, running after profits will only make you loss target and cut you half way in your investment journey,  therefore as an investor that knows what he wants and where he is heading to a long term investment mindset has always been a best way to describe such investor.

[Makus]

Yes, investing in BTC is not trading, so we definitely shouldn't be tempted by quick profits. If we do, it's potentially difficult to invest in BTC long-term. A great investor will focus solely on accumulating BTC and not think about quick profits. They're looking for greater returns by holding BTC for the long term.

Actually, investing in BTC for the long term is very easy. The most important thing is to be patient. Sometimes holding BTC is difficult, and few are tempted. However, we must remember our goals and aspirations so we can hold on to BTC firmly for the long term.

Quick profits? If the initial goal was long term i don't see any reason for being tempted by quick profits because the long term goal is for saving our funds in bitcoin to escape inflation and probably if bitcoin continues to go in it's overall direction we might also make some profits but we emphasize so much on the profits because it's not certain what the result would be after the years of holding.
Using emotions to make decisions is just a terrible idea as far as life is concerned especially when there is a knowledgeable part that leads to success. Most of the people we admire that has held bitcoin right from the genesis block or early bitcoin age till date if they had allowed emotions to step in, they wouldn't have much relevance to you as they are now, and their holding experience has proven that long-term investment is the best because at the end you still have something to present unlike trading which seems like a mediocre lifestyle of running in a loop.

[Barikui1]

Yes, investing in BTC is not trading, so we definitely shouldn't be tempted by quick profits. If we do, it's potentially difficult to invest in BTC long-term. A great investor will focus solely on accumulating BTC and not think about quick profits. They're looking for greater returns by holding BTC for the long term.

I agree with you here that focusing solely on profit or quick profit can makes you deviate from your initial plans of investing and holding for long, so investing patiently without thinking much of profit is the ideal way to go about your bitcoin investment, so that you wouldn't temper or sell off your Bitcoin investment prematurely because of quick profit that would significantly impact your finances.

Sometimes holding BTC is difficult, and few are tempted. However, we must remember our goals and aspirations so we can hold on to BTC firmly for the long term.

Investing in Bitcoin and holding it firmly are two different things altogether, and because holding strong for years is very difficult, that is why Bitcoin investors are advised to make sure they put down emergency and reserve funds in place, so that they wouldn't be forced to sell their holdings when they never wanted to, due to real life emergencies, but once you put them in place, holding your Bitcoin is a lot easier compared to someone that doesn't have in place.

[Cyber_warrior]

You are right, profit making is good but it becomes more toxic when you make it the main purpose of your investments journey, however real life issues is something we can't avoid even if we try to avoid it and I can understand it's the reason we seek for profit all the time but that's why we always have the right funds to fix that which is the emergency funds and backup funds.

Furthermore, running after profits will only make you loss target and cut you half way in your investment journey,  therefore as an investor that knows what he wants and where he is heading to a long term investment mindset has always been a best way to describe such investor.

It’s true that life will always come with real expenses but depending on your investments to solve every issue is not ideal. A lot of people think investing is meant to solve any little problem that comes up but that’s not the point, Investing is meant for the future, it’s a long terrm process where you arre supposed to build wealth and not keep dipping into it that’s why having an emergency fund is so important, It’s there to take care of unexpected situations so you don’t have to touch your investments. Ideally, You should be investing only your discretionary income so that you can still meet your everyday needs while growing your money. It’s really that simple don’t use money meant for one purpose to solve another.

[sotelorene]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

Most people can change their mentality very quickly. When they suffer losses due to making the same mistake several times. But some people cannot change their mentality even after making mistakes repeatedly. Because they have a lot of greed. They want to get rich very quickly. The thing is that it works like gambling for them. At some point, they may become addicted to Bitcoin trading. They keep making the same mistake by predicting the price in the short term. But if they had hold the money from that trading for a long time. Then the risk would have been less and the possibility of making profit would have been more.

Even though the nature of trading is loss and profit I still consider it an error for someone to be making losses and yet won't stop, I can not really take suck risk simply because I want to make money in a short interval of time. Nothing good comes so easily especially money, folks needs to calm down and have patient with Bitcoin Investment Instead of rushing for quick gain because it will be better to wait for a long time and be happy than to rush into something that is not certain of the outcome.

[ChocolateBitcoinK]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

Most people can change their mentality very quickly. When they suffer losses due to making the same mistake several times. But some people cannot change their mentality even after making mistakes repeatedly. Because they have a lot of greed. They want to get rich very quickly. The thing is that it works like gambling for them. At some point, they may become addicted to Bitcoin trading. They keep making the same mistake by predicting the price in the short term. But if they had hold the money from that trading for a long time. Then the risk would have been less and the possibility of making profit would have been more.

Even though the nature of trading is loss and profit I still consider it an error for someone to be making losses and yet won't stop, I can not really take suck risk simply because I want to make money in a short interval of time. Nothing good comes so easily especially money, folks needs to calm down and have patient with Bitcoin Investment Instead of rushing for quick gain because it will be better to wait for a long time and be happy than to rush into something that is not certain of the outcome.

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

[Proty]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

Most people can change their mentality very quickly. When they suffer losses due to making the same mistake several times. But some people cannot change their mentality even after making mistakes repeatedly. Because they have a lot of greed. They want to get rich very quickly. The thing is that it works like gambling for them. At some point, they may become addicted to Bitcoin trading. They keep making the same mistake by predicting the price in the short term. But if they had hold the money from that trading for a long time. Then the risk would have been less and the possibility of making profit would have been more.

Even though the nature of trading is loss and profit I still consider it an error for someone to be making losses and yet won't stop, I can not really take suck risk simply because I want to make money in a short interval of time. Nothing good comes so easily especially money, folks needs to calm down and have patient with Bitcoin Investment Instead of rushing for quick gain because it will be better to wait for a long time and be happy than to rush into something that is not certain of the outcome.

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

It is wrong for anyone that is investing in bitcoin to start with the mindset of making quick profit. Profit shouldn't be the goals but rather the result.
There is high risk of wanting to make quick profit from bitcoin. People that has the mindset of making quick profit from bitcoin don't understand that wealth is built gradually and not quickly as they may thinks. They failed to understand that if it is easy to make quick profit from bitcoin as they thinks , them many people will be rich from trading.

[Kelward]

Yes, investing in BTC is not trading, so we definitely shouldn't be tempted by quick profits. If we do, it's potentially difficult to invest in BTC long-term. A great investor will focus solely on accumulating BTC and not think about quick profits. They're looking for greater returns by holding BTC for the long term.

I agree with you here that focusing solely on profit or quick profit can makes you deviate from your initial plans of investing and holding for long, so investing patiently without thinking much of profit is the ideal way to go about your bitcoin investment, so that you wouldn't temper or sell off your Bitcoin investment prematurely because of quick profit that would significantly impact your finances.

Sometimes holding BTC is difficult, and few are tempted. However, we must remember our goals and aspirations so we can hold on to BTC firmly for the long term.

Investing in Bitcoin and holding it firmly are two different things altogether, and because holding strong for years is very difficult, that is why Bitcoin investors are advised to make sure they put down emergency and reserve funds in place, so that they wouldn't be forced to sell their holdings when they never wanted to, due to real life emergencies, but once you put them in place, holding your Bitcoin is a lot easier compared to someone that doesn't have in place.

What can make an investor that has plans to hold for many years to suddenly decide to sell prematurely is basically greed for quick profit or an emergency need for money to take care of an urgent need. If you consider these two schenerios you will see that the reason why a long term investor wil decide to sell prematurely is because of money, whether the reason is worth it or not is another matter.

As an investor that wants to accumulate and hold for a very long term of up to 10 years and more you should make sure that you're at the top of your game in making money. If you have enough to take care of your basic needs and have enough surplus to fund your discretionary funds you wouldn't be tempted all the time to sell anytime you see an uptrend in Bitcoin price or that your Bitcoin will be your last option when emergencies happens.

[cocadalcan]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

Most people can change their mentality very quickly. When they suffer losses due to making the same mistake several times. But some people cannot change their mentality even after making mistakes repeatedly. Because they have a lot of greed. They want to get rich very quickly. The thing is that it works like gambling for them. At some point, they may become addicted to Bitcoin trading. They keep making the same mistake by predicting the price in the short term. But if they had hold the money from that trading for a long time. Then the risk would have been less and the possibility of making profit would have been more.

Stop advocating for trading. If you are in a trading mindset, there is a huge doubt that you will get your capital back. It will be impossible to keep the money you earn from trading and it will be much more difficult for you to cash it out. You mentioned trading addiction, yes once you get involved in Bitcoin trading and once you make a profit it will become a tempting thing for you and in the hope of making more profit you will want to dipping into trading with the entire amount of funds you have available and this is a confusing thing and initially trading will seem very exciting to you but greed will in largely loss you.

[Obulis]

With this in mind you shouldn't chase for quick profits like traders what you should focus on is to see continuous ATH in the future and that is why for now you should focus on continuous buying as long as you have your discretionary funds.

focusing on new ATHs is still focusing on price and it is the wrong thing to focus upon in your ongoing accumulation journey, if you're focused on new ATHs, then you're speculating on the price and if it doesn't come within a specified period which you expected it, your confidence may be reduced and you start doubting your choice of investment. Such a mindset can see you stop buying for a while and remain stagnant until bitcoin crosses a new ATH and your confidence returns, thereby you are beginning to incorporate the discipline and mindset of a trader, although unknown to you

For those who want to make decisions by observing the daily price of Bitcoin, holding Bitcoin will always be difficult because Bitcoin's short-term price movement helps to make decisions based on emotions, which can sometimes lead to fear and greed in the investor. This is definitely a big obstacle for a long-term investor. Investors must remember that Bitcoin is not a short-term investment scheme. One should not expect to get rich quickly through it.

What you pointed is attribute of gamblers because in making decisions by observing the daily price of Bitcoin buying can't be at any price unlike someone using DCA, it will for sure be at low and selling at high to enable quick profit.
As for investors that are not using DCA but usually wait for the dip by observing the daily price of Bitcoin, emotions can make them to keep waiting thereby missing out all the time and then delaying their portfolio.

[barisbilgili]

You are right, profit making is good but it becomes more toxic when you make it the main purpose of your investments journey, however real life issues is something we can't avoid even if we try to avoid it and I can understand it's the reason we seek for profit all the time but that's why we always have the right funds to fix that which is the emergency funds and backup funds.

Furthermore, running after profits will only make you loss target and cut you half way in your investment journey,  therefore as an investor that knows what he wants and where he is heading to a long term investment mindset has always been a best way to describe such investor.

It’s true that life will always come with real expenses but depending on your investments to solve every issue is not ideal. A lot of people think investing is meant to solve any little problem that comes up but that’s not the point, Investing is meant for the future, it’s a long terrm process where you arre supposed to build wealth and not keep dipping into it that’s why having an emergency fund is so important, It’s there to take care of unexpected situations so you don’t have to touch your investments. Ideally, You should be investing only your discretionary income so that you can still meet your everyday needs while growing your money. It’s really that simple don’t use money meant for one purpose to solve another.

The key is to invest using discretionary income so that it does not interfere with the investments we make for the long term, and if we can be consistent in doing so, then I am confident there is no reason to disrupt the investments we have built for any reason. That is why it is important to manage finances well before starting an investment.
Of course, everyone wants profits, but we also have to think long-term, so what needs to be done is to maintain investments over a long period of time, and I am confident we all have that plan.

[Joeboy]

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

The best time to start investing was like yesterday... And so if folks have available their Discretionary income to use then rushing to kickstarting their investment is not problematic in any way... The problem only get to arise when folks are rushing to invest with the hopes of getting quick profits.. infact profits shouldnt be the primary concern of someone who is yet to reach over-accumulation...What should drive an individual into investment should be to building a better and solid portfolio...

[Grease5000]

Most beginners goes on with their plan of investing in Bitcoin without properly  understanding the few basics. Like understanding the market, Risk management and  and patience.

New investors start investing in Bitcoin with the mindset of getting quick returns and when drips and the market start going against  their invented direction they start panicking and possibly start looking for a way out by trying to sell off their Bitcoin holding.

Risk management
Discretionary income should be use in buying of bitcoin because it allows investors to purchase Bitcoin successfully without having to worry about other essential needs and  Dollar cost Averaging (DCA) should be use buying of bitcoin because it allows investors to buy a fraction of Bitcoin continuously over time till the required goal is reached.

Considering how volatile Bitcoin price can be patience and consistency is needed if an investor to suceed in it quest to buy and hold Bitcoin for the long term. Bitcoin is futuristic it reward those who are patience and consistent for the long term.

[I_Anime]

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

The best time to start investing was like yesterday... And so if folks have available their Discretionary income to use then rushing to kickstarting their investment is not problematic in any way... The problem only get to arise when folks are rushing to invest with the hopes of getting quick profits.. infact profits shouldnt be the primary concern of someone who is yet to reach over-accumulation...What should drive an individual into investment should be to building a better and solid portfolio...

There’s nothing wrong with starting your investment now or being aggressive. The only issue is when you are being overly aggressive, which those that want quick profits are fond of most time . What you just need is enough discretionary income and you are good to go , choose the strategy that suit , like dca . Then you can decide the time convenient for you either monthly or weekly (your fixed purchasing time ), as time go you find means of improving your bitcoin investment as you gain more knowledge about it .

[Proty]

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

The best time to start investing was like yesterday... And so if folks have available their Discretionary income to use then rushing to kickstarting their investment is not problematic in any way... The problem only get to arise when folks are rushing to invest with the hopes of getting quick profits.. infact profits shouldnt be the primary concern of someone who is yet to reach over-accumulation...What should drive an individual into investment should be to building a better and solid portfolio...

As for me I think the best time to start investing is now if the discretionionary income is available to do so.
There are people that believe that there is right time for them to start while they are missing opportunity and delaying there investment. They remain stagnant without taking any action and just watching the market.
The most important thing is starting first and being consistent, and not trying to enter at a desire or perfect time.
Therefore the focus should be on starting now if discretionary income is available and not be wallowing in regrets over missed opportunities in the past.

[Silikiem]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

Most people can change their mentality very quickly. When they suffer losses due to making the same mistake several times. But some people cannot change their mentality even after making mistakes repeatedly. Because they have a lot of greed. They want to get rich very quickly. The thing is that it works like gambling for them. At some point, they may become addicted to Bitcoin trading. They keep making the same mistake by predicting the price in the short term. But if they had hold the money from that trading for a long time. Then the risk would have been less and the possibility of making profit would have been more.

Even though the nature of trading is loss and profit I still consider it an error for someone to be making losses and yet won't stop, I can not really take suck risk simply because I want to make money in a short interval of time. Nothing good comes so easily especially money, folks needs to calm down and have patient with Bitcoin Investment Instead of rushing for quick gain because it will be better to wait for a long time and be happy than to rush into something that is not certain of the outcome.

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

It is wrong for anyone that is investing in bitcoin to start with the mindset of making quick profit. Profit shouldn't be the goals but rather the result.
There is high risk of wanting to make quick profit from bitcoin. People that has the mindset of making quick profit from bitcoin don't understand that wealth is built gradually and not quickly as they may thinks. They failed to understand that if it is easy to make quick profit from bitcoin as they thinks , them many people will be rich from trading.

This issue of chasing quick profits is capable of making people to invest more than they can afford all because of greed. You see some investors out of greediness wanting to make it overnight tends to invest in bitcoin by using money that was meant to sort out other basic expenses and when the time comes for them to pay their bills they end up regretting because they will have no other choice than to tend towards selling their investment to sort themselves out and by so doing due to bitcoin volatility they sometimes end up selling at a very big loss. That’s one reason why it’s not really good chasing quick profits in bitcoin because the profit you’re chasing is not even a guarantee and in the process of chasing this profit you end up losing more. Bitcoin investment is a long term investment and there’s no need to be in a hurry for profit making but rather focus on consistent growth of the investment, buying with the amount you can afford no matter how little the amount, what matters most is the consistency in accumulation and hold, all those little buys can be rewarding in the long run.

[Ruttoshi]

What you just need is enough discretionary income and you are good to go , choose the strategy that suit , like dca . Then you can decide the time convenient for you either monthly or weekly (your fixed purchasing time ), as time go you find means of improving your bitcoin investment as you gain more knowledge about it .

You don't need enough discretionary income before you can start your bitcoin investment because if you want to wait till you have enough discretionary income, you'll end up delaying your bitcoin investment and might not even invest at all. You can start your bitcoin investment with as low as $10 or more, what matters is for you to be consistent with your DCA weekly/monthly purchases overtime till you reach your bitcoin target.

As you are investing, you can work on increasing your income by looking for a second job learn a skill in order to generate more income. You can even improve your certificate by learning a course for a higher pay. This will enable you have an increase in discretionary income so that, you can increase your DCA amount.

What is enough discretionary income for you might not be enough for me therefore, you don't need to use lack of enough discretionary income as an excuse to remain a no coiner.