Buy Buy Buy or Sell Sell Sell?

[Jaycoinz]

Investing in bitcoin and holding for the long term with the intention of making gain or profit  is usually in the mind of all investors,  course every investor will always want a return  or profit from their investments. But what matters most time is their approach and mindset when starting out their Bitcoin accumulation  journey.

It's not always about profits, some people come into Bitcoin to protect their wealth and save their money from depreciation that is associated with Fiat. Don't forget Bitcoin is a hedge against inflation and Fiat depreciation, so instead of having fiat stacked up in the Bank, it's a good decision to put some of them into Bitcoin to attempt safeguarding it's value on the long-term.

Bitcoin is the perfect place to keep your wealth for the purpose of inflation degradation. Leaving your money in fiat will only result to inflation reducing its value and choosing Bitcoin for that purpose is one way to go about it because after the long term that inflation would have eaten up the value of that money with Bitcoin the money will be protected and also interest rate will increase in the future coming.

[whiteblue]

Investing in bitcoin and holding for the long term with the intention of making gain or profit  is usually in the mind of all investors,  course every investor will always want a return  or profit from their investments. But what matters most time is their approach and mindset when starting out their Bitcoin accumulation  journey.

It's not always about profits, some people come into Bitcoin to protect their wealth and save their money from depreciation that is associated with Fiat. Don't forget Bitcoin is a hedge against inflation and Fiat depreciation, so instead of having fiat stacked up in the Bank, it's a good decision to put some of them into Bitcoin to attempt safeguarding it's value on the long-term.

Bitcoin is the perfect place to keep your wealth for the purpose of inflation degradation. Leaving your money in fiat will only result to inflation reducing its value and choosing Bitcoin for that purpose is one way to go about it because after the long term that inflation would have eaten up the value of that money with Bitcoin the money will be protected and also interest rate will increase in the future coming.

Making Bitcoin a superior asset to all other assets we own is the right choice. For example, If we divide it, we put 70% of our assets in Bitcoin, and the remaining 30% we divide among other assets like gold, land, or fiat. Yes, all of these are necessary to balance our living needs. We need fiat for daily necessities, we also need gold for jewelry or savings, And we also need land for building a real business.

If we can maintain 70% of our assets in Bitcoin as a retirement asset, that would be a fantastic achievement, Because Bitcoin limited supply opens up the opportunity for its price to soar even higher. Bitcoin is also a secure asset because it does burn and is safe from robbery If we maintain our privacy properly and don't share it on social media.

[Victorybit1]

This is why it is important to start buying bitcoin using discretionary income only and using either the DCA or Lump sum method and most be aware of The futuristic nature of bitcoin and how volatile Bitcoin price is and most know that bitcoin rewards those  who are consistent and patience.

Yes, being patient is good but it doesn't guarantee profit from Bitcoin investment so don't say that bitcoin reward Those who are patient because you might be patient enough to HODL bitcoin at the end it may not work the way you expected, so while being patient we don't need to be too confident about making profit because it's not yet certain that we will make profit from bitcoin investment, I know it is not possible for us to keep our minds off from making profit and as a matter of fact profit is what attract majority of the investors to get  themselves involved in bitcoin investment not knowing that making a profit from bitcoin investment is not yet certain. But I believe if we invest and HODL for Long term we may not regret it just like those early investors didn't regret holding their bitcoin for Long term investment.

Yes,, patience is indeed a crucial foundation for a smoother Bitcoin investment. Long-term holding requires patience and strong mental fortitude. Temptations will always be there, such as when we see a tempting profit from our Bitcoin investment.

Thats because you are still seeing Bitcoin investments as a means of getting profits on a short view when the opportunity comes. I believe closing your mind to those kind of thoughts will help you a lot in growing your Bitcoin portfolio because it's the same mindset that give rise to the mindset of selling your Bitcoin when the dip comes because you will be scared of losing or seeing your Bitcoin drop. Just make it simple and easy although nothing is really easy but they say practice makes perfect so working continuously with clear mind and planned out strategy will give you a clearer picture of what will be. First of all use your discretionary income to buy Bitcoin gradually and then as you are growing you set up other measures like the emergency funds to avoid reacting on the possible issue that might spike you to thinking of selling off the profit of your Bitcoin and using it for such need or any thing that would conjure the thought..

Bitcoin investments ran on long term is best and I say this because so many persons try to make complications and find quicker means to gather and stack up profits quickly so they can start enjoying it but most at the time all these other methods make you gamble with you investment which is not good at all because anything gambling automatically means you are on a one way ticket to successfully selling off the entire portfolio just to make it work or maintain the error you have initially made.

[ejikeme24]

[Edited out]

Patience may be needed, but what really helps you keep your Bitcoin holdings is the right investment pattern, investing from the right source, ensuring proper income management and allocation, building proper emergency funds and back up funds. Because you can't hope on patience to keep your investment when you have NO emergency funds to guide your investment or when you invested with the wrong funds such as investing from your main income instead of discretionary. When you miss all this from the scratch, no level of patience can save your investment or make you not to tap from your holdings when emergency needs arises.

If we must be able to HODL our portfolio for long term, certain measures should be put in place intentionally to enable you hold. Investing from the right source and building up necessary back up funds is necessary and is a very strong part to HODLing your investment

You're right, before having patient one need to figure out their emergency funds and backup funds or reserve funds because if this funds are not in the right position or available your patient might just be in vain, yes I have seen a situation where an investor was determined to invest and HODL for Long term but he never knew there are other things that need to be put in place before he can be able to achieve his target it was when emergency need arised that he realized that he was supposed to have emergency funds or backup funds, so this are lessons and also to let us know how important it is to have emergency funds or backup funds while accumulating bitcoin.

[alankasman]

You're right, before having patient one need to figure out their emergency funds and backup funds or reserve funds because if this funds are not in the right position or available your patient might just be in vain, yes I have seen a situation where an investor was determined to invest and HODL for Long term but he never knew there are other things that need to be put in place before he can be able to achieve his target it was when emergency need arised that he realized that he was supposed to have emergency funds or backup funds, so this are lessons and also to let us know how important it is to have emergency funds or backup funds while accumulating bitcoin.

Therefore for all parties who have invested I think before starting of course matters related to these three things must be made a top priority because when the position or situation is tense on our journey in investing of course these three things will be a tool that saves us when the investment position we have made has not found a point that is in accordance with our planning therefore everyone still does this to prepare emergency funds or reserve funds or even available funds that will later be used when difficult times come to our investment for another reason sometimes by not having these the last decision by someone who experiences something that is not in accordance with their investment plan will end in the wrong decision by selling some Bitcoin suddenly so that the amount that has been collected for a long time is drained but with a decision that is not in accordance with expectations of course mistakes will make a decision to sacrifice the sale of the amount of Bitcoin owned by someone.