Buy Buy Buy or Sell Sell Sell?

[ejikeme24]

It is important to always put into consideration how to pay back a loan before even planning to go for it. Before an investor can decide to take loan an invest in bitcoin they should have a plan on how they plan to pay this loan outside there bitcoin investment.
Taking loan without having a plan on how to pay back is very dangerous and it is wrong for anybody to take loan with the mindset that they will pay back the loan from profit that there bitcoin investment will generate.
Even with a good source of income, I still consider it a risk for anyone to take loan and then invest it in bitcoin. People should always invest in bitcoin based on there financial situation.

A quick reminder to those investors who are planning to take out loan to invest in bitcoin, if you take out loan to invest in bitcoin just know that you're not investing from your discretionary fund that's the fund/ wallet where our Bitcoin investment money is supposed to come from, and failure to do that could cause damage to our Bitcoin investment even though some investors have this confident or believe that nothing will happen to Thier Bitcoin investment if they take out loan because they have way to pay back,  my question is what if that source you're hoping to get the . money that you will use to pay back the loan didn't work out? You know life can happen at times that is why we need to avoid whatever thing that will give us borden.

[Fash33]

[edited out]

Knowing about Bitcoin and believing it's worth investing in are two different things individuals financial situation , risk tolerance and priorities all influence whether decided to buy. Awareness doesn't automatically lead to convinction, everybody is comfortable taking the same level it is easy to assume that people just don't understand Bitcoin, but many do and simply arrive at different conclusions sometimes the biggest barrier isn't knowledge it's uncertainty . Even some people who understands Bitcoin may choose to wait or invest elsewhere and that's a personal decision.

It is hard to blame people for their lack of effort to try to learn about bitcoin, since everyone has a choice whether to "look into bitcoin" further or to just accept their first impressions of bitcoin, and so in that regard, there are a lot of people who presume that they know more about bitcoin than they actually do, and so based on their ignorance and their incorrect knowledge they fail/refuse to take any actions to at least get started buying bitcoin, even when they may well have plenty of discretionary funds that would qualify them to both getting started and looking into it further.

Exactly, everyone has a freedom of choosing whether they want to learn about bitcoin or ignore it, and one of the problem that they do not know is that many people form the opinion after hearing the headline, common misconception or social media post. They believe they already understand  or know about bitcoin, when in reality they have not even take the time to study it properly, because of that they miss opportunity to get started,no one needs to go right from day one. The simple way is to start with little amount they can be comfortable with while still continuing with learning, sometimes the problem is not really the lack of funds, is lack of willingness to question first.

There are advantages with critical thinking, humbleness and willing to learn, and starting out as long as they have discretionary funds.  Of course, they might need to figure out how much to start with, yet most people should already have the skills to figure out balances, even though they may need to practice, start out slowly and then adapt their starting out level to their comfort level.  

Some folks have absolutely no experience in investing and/or money management, and other people already have some skills and experiences, so their own assessment of their skills and experiences should help them to figure out starting out size, and let's say that a newbie for sure knows that he has $100 per week that he can use to buy bitcoin, yet maybe based on his being new, he purposefully chooses to start out his investment level at $30 per week until he becomes more comfortable to potentially increase the amount to higher levels as his comfort becomes greater.

Yes, starting with little amount of funds while still learning, that is practical approach, most especially for someone that just come into bitcoin investment, that gives them time to understand and develop good investing habits towards bitcoin, since everyone has different levels of experience with investing, so it will be good for everyone to choose amount that fits their financial situation and comfort level, as they gain experience. If there is increase in their income, their emergency fund is fully established, and they have more discretionary income, they can begin to increase the amount of funds they invest. The goal is to stay consistent for long period by making decision based on your financial reality than short term movement, this gradual approach help the investor to build the confidence while increasing their ability to stay committed to their long term plan.

[Razmirraz]

Snip.

A quick reminder to those investors who are planning to take out loan to invest in bitcoin, if you take out loan to invest in bitcoin just know that you're not investing from your discretionary fund that's the fund/ wallet where our Bitcoin investment money is supposed to come from, and failure to do that could cause damage to our Bitcoin investment even though some investors have this confident or believe that nothing will happen to Thier Bitcoin investment if they take out loan because they have way to pay back,  my question is what if that source you're hoping to get the . money that you will use to pay back the loan didn't work out? You know life can happen at times that is why we need to avoid whatever thing that will give us borden.

Your question highlights a harsh reality in financial risk management. Taking out a loan to invest in Bitcoin is a very risky move as its value can change at any time. Advice The best advice in managing risk when investing in Bitcoin is to only use discretionary funds or cold money that you are truly prepared to bear the risk of in the event of a worst-case scenario.
Relying on a salary or regular income to repay loan installments can have dire consequences if a job is lost, health problems arise, or other emergencies arise. This can lead investors into debt or bankruptcy. The reason it is highly discouraged to invest using borrowed money is because this action turns investing into gambling that risks financial stability for the future.

[BluebloodCXVI]

Some investors prefer bitcoin investment more when the market dumps, though no time is actually wrong to invest in Bitcoin more especially as a long term investor, but I think taking advantage of the market dumps can be more profitable. In Bitcoin investing, the most profit can be made on the long run, and that is to say,  if you buy your bitcoin today, and you are able to hold it till the next bull season, your profit is definitely going to be massive. However , every Bitcoin investor have their investment goal, and can make investors selling period differ . While some investors will be targeting little profit to sell their bitcoin, some will be willing to hold for a decade, while some investors will even hold for more than a decade, but at this point when you sell, is going to be a life changing profit.

Buying bitcoin during a dip can be a good opportunity but i don’t think that makes it the more profitable approach above others because no one knows when the dip will come. You might be waiting for a bigger drop in price and boom!! the price goes up right in your face. This is why it is better for long term investors to keep buying bitcoin consistently with DCA and if they happen to have some extra cash available to them whenever a dip comes, then they can take advantage of it.
I’d also be careful to say that profits will definitely be massive or that holding bitcoin for 10 plus years will surely bring life changing wealth for a person even though bitcoin has rewarded patient investors in the past, but the future isn’t guaranteed. The amount a person could make from holding bitcoin depends on the time that they bought it, how much they have accumulated, and how bitcoin performs over time.

I do agree though that investors could have different goals and different exit strategies but whatever the goal is for them, it is always better to have a clear plan than to be relying on assumptions about future returns and most importantly, invest with only the money you can be able to leave untouched. Having an emergency fund or other liquid assets will reduce your chances of having to sell your bitcoin when the market is down.

[alankasman]

Your question highlights a harsh reality in financial risk management. Taking out a loan to invest in Bitcoin is a very risky move as its value can change at any time. Advice The best advice in managing risk when investing in Bitcoin is to only use discretionary funds or cold money that you are truly prepared to bear the risk of in the event of a worst-case scenario.
Relying on a salary or regular income to repay loan installments can have dire consequences if a job is lost, health problems arise, or other emergencies arise. This can lead investors into debt or bankruptcy. The reason it is highly discouraged to invest using borrowed money is because this action turns investing into gambling that risks financial stability for the future.

In my opinion it's best not to invest in Bitcoin if you don't have your own personal finances because market prices will always fluctuate over time. This means that investing in Bitcoin with money borrowed from someone else is certainly a mistake. It's clear that investing in Bitcoin doesn't have to be a large or small amount, but rather as much as you can afford with your existing finances. It's not necessary if you don't have an income especially with money borrowed from someone else. This is highly undesirable. If you can afford it there's no problem as you'll repay it. If not how can you repay it?

No matter how much steady income we have what they need to understand is that we are social and compassionate humans. So even if we receive a weekly or monthly income it's certain that the money we hold will be difficult to return citing love. It's just that we have it but we have to settle it with those who are still connected to us. This is a barrier for those who invest in Bitcoin with borrowed funds. In my opinion it's more appropriate not to force yourself to invest until you have your own funds. However when you have the funds whatever amount you want to invest is up to you. Investing is very easy and there are certainly no difficult provisions. Be confident in investing with your own money when investing in Bitcoin.