Buy Buy Buy or Sell Sell Sell?

[Zanab247]

Investing in bitcoin should not stop person from investing in other long time investment. If person can comfortably invest in bitcoin and other long time investment assets, there is no reason to limit it just one.

What matter is your have the discretionary income to invest and that the other investment they you are doing doesn't make you to pause your bitcoin accumulation. Bitcoin investment isn't some rocket science that can take away all of your time and energy form doing other things. You can invest and still have time for other things..

It's best to focus on Bitcoin only instead of investing in other projects for long time. If you keep your attention on Bitcoin and spend time in understanding Bitcoin then that will help you in improving your Bitcoin investment. If you run after too many things at once then chances are that in the end you will get nothing. It's easy to say that Bitcoin investment is easy and everyone can do that but in reality there are many things which we have to look after while we are investing in Bitcoin. The more you invest in Bitcoin, more will be your profit in the future.      

That is not a good idea base on my experience toward wealth. You can create different investment and also involve BTC investment when you are financially strong, because it will help you to hodl your BTC not to sell in a short period of time because you have other sources of income that will make your business or investment to continue growing. BTC investment and other two investment it will not be a stress to you , because is a something that you can afford to lose.

Especially your capital, you have to look at your capital well before planning to invest it in BTC, because hodling it for long years is what make hodlers to earn massive profits from BTC hodling.

[ruykeri]

Diversification only makes sense when it's backed by a clear plan not just purchasing a little of everything hoping something takes off at the same time focusing on one assets like Bitcoin can be a smart move if that's where one have done did his homework and have the most convinction. In the end it's Less about how many assets one own and more about having a good strategy one can stick with consistently.

In addition, diversification doesn't only make sense when it is backed by clear plan but also when the plan is towards something that is reasonable and worthy of. You can have a clear plan on shit coin but you and I know that, shitcoin is not worthy to diversify into yet you can have a clear plan that is why it is not just about having clear plan but it should be on something that is worthy of it or something that is worth diversifying into.

Some people are even yet to reach a good stage of their Bitcoin investment journey yet they choose to diversify into shitcoins instead to focus on managing their Bitcoin investment properly so they'll achieve good result in the future. Diversifying to shitcoins while trying to build a better Bitcoin portfolio would definitely lead to complications.

 If someone has chosen Bitcoin as an investment option then it's best to focus on it, instead of adding distractions in the name of diversifying to shitcoins which is less worthy of giving attention to. It's the kind of things that disrupt investors from achieving their investment goals.

In the case of diversification of investment in Bitcoin, it should be done in such assets that have value and have the ability to retain its value in the long term. In this case, you can invest in land, apartment or gold. But you will face lose if you you have invested in such assets whose fundamental basis is not strong. Which does not give good profit in the long term but has the possibility of losing value over time. Its shitcoin is just such a type of digital assets that people are being scammed as  digital assets. It depends on the hype of the market, the price is low or high and it has no value over time. Therefore, you should not invest in any other crypto other than Bitcoin as a digital asset. If you have to invest, then you should invest in such a sector that will give good profit in the long term and even if it does not give profit, it has store value. If you foolishly invest in altcoins and suffer losses, no one will take responsibility for it. Instead, you will have to regret it yourself.

[Humblevirus]

Some people are even yet to reach a good stage of their Bitcoin investment journey yet they choose to diversify into shitcoins instead to focus on managing their Bitcoin investment properly so they'll achieve good result in the future. Diversifying to shitcoins while trying to build a better Bitcoin portfolio would definitely lead to complications.

 If someone has chosen Bitcoin as an investment option then it's best to focus on it, instead of adding distractions in the name of diversifying to shitcoins which is less worthy of giving attention to. It's the kind of things that disrupt investors from achieving their investment goals.

Anyone who is accumulating shitcoins should know that it is not investing; it is simply gambling. Even when we talk about diversification while accumulating Bitcoin, it should not include assets like shitcoins because they are not real investments they are purely speculative.
Shitcoins are often created to scam people, which is why many of them never last long in the crypto market. They are usually driven by pump and dump schemes. Whether you like them or not, shitcoins are simply an easy way to waste your funds.If someone is accumulating Bitcoin but has not yet built a reasonable Bitcoin holding, instead of trying to diversify, it is better to stay focused on accumulating Bitcoin. That way, they can build a strong portfolio first. After reaching a reasonable Bitcoin portfolio, they can then consider diversifying into other investments.

[Frankolala]

It's best to focus on Bitcoin only instead of investing in other projects for long time. If you keep your attention on Bitcoin and spend time in understanding Bitcoin then that will help you in improving your Bitcoin investment. If you run after too many things at once then chances are that in the end you will get nothing. It's easy to say that Bitcoin investment is easy and everyone can do that but in reality there are many things which we have to look after while we are investing in Bitcoin. The more you invest in Bitcoin, more will be your profit in the future.      

Putting all your focus on several things will make you make mistakes easily, and as a matter of fact, you might crumble along the way while doing it, once you have any challenges financially in the future, that's why it's best to focus on one thing at a time.
And if you are focusing on Bitcoin investment, what you should do is to accumulate consistently until you have gotten to your over accumulation status or closer to it, that is when you can choose to diversify into land or real estate, not by trying to do everything at a time that may likely not work out as planned.

Reaching your bitcoin target is not an easy thing and for low income earners with little discretionary income it will take them ten years or more to reach their bitcoin target. This is why you don't need to wait till you have reached an over accumulation stage before you start diversifying if you're the person that don't want to rely only on bitcoin investment because you're not secured enough financially with it.

You can start to diversify into a different asset like bond or stock or equity when you have accumulated at least half of your bitcoin target or more. Diversifying is done to preserve wealth which is why you don't need to rush into diversifying if you don't have the proper knowledge to do so and diversify only when you understand what you're doing in order to achieve your goal.

[ChocolateBitcoinK]

There are advantages to buying Bitcoin with a loan, but you need to adhere to a fixed time when you will accumulate more SAT with a smaller amount of dollars. The time should be dips and to understand which is the down trend, you need to be in the DCA method regularly and also touching market situation.

Once someone borrow money, they are no longer investing with peace of mind because they now have a repayment obligation. That's also why I don't agree with the idea of waiting for dips to buy because  that is close to trading.

For me, DCA is simple. Because  it enable me to buy with my discretionary income and keep accumulating and if  price drops, I get more sats for the same money, I don't fancy  to borrow or try to predict the market. I would rather stay consistent than add debt to my investment.

You might disagree with it but that doesn't mean that those who are willing to do it are wrong, personally I don't like the idea of a person using borrowed money to start their bitcoin investment but that doesn't mean I don't support the idea of using a loan your investment as long as you are not planning on paying off the loan with your bitcoin investment, you should have an alternative way to repay the loan, if you can't handle it though then don't do it, stick to what you can handle, bitcoin investment is not a race.

Investing in Bitcoin with debt is not automatically wrong, but in this case we must have a separate reliable system for paying off that debt. People have different expectations, thinking that if they buy Bitcoin now, it will bring good results very quickly, and for this they think of investing with debt, and in such a situation the only way for them to pay off this debt is that investment, and this is where their biggest mistake happens. They will never get the profit they expect to make very quickly, but instead they will have to face more losses and face a worse financial situation, because after investing with debt and in short term, the price does not increase as they expected, but rather very very volatility decreases.

[Rabata]

It's best to focus on Bitcoin only instead of investing in other projects for long time. If you keep your attention on Bitcoin and spend time in understanding Bitcoin then that will help you in improving your Bitcoin investment. If you run after too many things at once then chances are that in the end you will get nothing. It's easy to say that Bitcoin investment is easy and everyone can do that but in reality there are many things which we have to look after while we are investing in Bitcoin. The more you invest in Bitcoin, more will be your profit in the future.      

Putting all your focus on several things will make you make mistakes easily, and as a matter of fact, you might crumble along the way while doing it, once you have any challenges financially in the future, that's why it's best to focus on one thing at a time.
And if you are focusing on Bitcoin investment, what you should do is to accumulate consistently until you have gotten to your over accumulation status or closer to it, that is when you can choose to diversify into land or real estate, not by trying to do everything at a time that may likely not work out as planned.

Reaching your bitcoin target is not an easy thing and for low income earners with little discretionary income it will take them ten years or more to reach their bitcoin target. This is why you don't need to wait till you have reached an over accumulation stage before you start diversifying if you're the person that don't want to rely only on bitcoin investment because you're not secured enough financially with it.

You can start to diversify into a different asset like bond or stock or equity when you have accumulated at least half of your bitcoin target or more. Diversifying is done to preserve wealth which is why you don't need to rush into diversifying if you don't have the proper knowledge to do so and diversify only when you understand what you're doing in order to achieve your goal.

Do you think everyone has the same goal? You have to understand that the target may differ from person to person. Some may have set a goal of 1 Bitcoin, while others may have set a small but realistic amount because their income is relatively low. Don't forget that those with a relatively high monthly income often have a much larger goal. In many cases, someone's income may evolve over time, expenses may decrease, or their cash flow may improve. Therefore, it cannot be said for sure that it will take them longer just because their income is low. In my opinion, the most important thing is how consistently they are buying and how much they are buying within the limits.

[Proty]

Investing in bitcoin should not stop person from investing in other long time investment. If person can comfortably invest in bitcoin and other long time investment assets, there is no reason to limit it just one.

What matter is your have the discretionary income to invest and that the other investment they you are doing doesn't make you to pause your bitcoin accumulation. Bitcoin investment isn't some rocket science that can take away all of your time and energy form doing other things. You can invest and still have time for other things..

Sure, one can diversify, but to what end? How much discretionary does one have to keep buying Bitcoin consistently and also investing in order assets? Another question would be, with such diversification, how long will you take to get some tangible Bitcoin in your portfolio? Of course, this will take too much time. Paying more attention to just Bitcoin accumulation at least for beggining will be better and more productive over the years

For a newbie or a beginner that is just starting to invest in bitcoin, it won't be a wise decision for then to beginning thinking of diversifying into other assets. At this stage of there investment there focus is supposed to be on continuous buying of bitcoin and not to be distracted by trying to diversify there funds into other assets. It is only when they have gotten to a certain stage in there bitcoin investment that they feel that there portfolio is already in good shape, then they can diversify. But for a newbie it is not a good idea at all for them to be thinking of diversifying at such an early stage .

[SmartCharpa]

Investing in bitcoin should not stop person from investing in other long time investment. If person can comfortably invest in bitcoin and other long time investment assets, there is no reason to limit it just one.

What matter is your have the discretionary income to invest and that the other investment they you are doing doesn't make you to pause your bitcoin accumulation. Bitcoin investment isn't some rocket science that can take away all of your time and energy form doing other things. You can invest and still have time for other things..

Sure, one can diversify, but to what end? How much discretionary does one have to keep buying Bitcoin consistently and also investing in order assets? Another question would be, with such diversification, how long will you take to get some tangible Bitcoin in your portfolio? Of course, this will take too much time. Paying more attention to just Bitcoin accumulation at least for beggining will be better and more productive over the years

For a newbie or a beginner that is just starting to invest in bitcoin, it won't be a wise decision for then to beginning thinking of diversifying into other assets. At this stage of there investment there focus is supposed to be on continuous buying of bitcoin and not to be distracted by trying to diversify there funds into other assets. It is only when they have gotten to a certain stage in there bitcoin investment that they feel that there portfolio is already in good shape, then they can diversify. But for a newbie it is not a good idea at all for them to be thinking of diversifying at such an early stage .

Whether you are a beginner or not, remember that our financial situations are not the same. If you diversify into other assets, it all depends on what you want to achieve. The reason I say our financial situations are not the same is that a guy with a stable income and a good amount of emergency funds can take whatever risk they can afford, as long as they understand the risks involved in that particular asset they are going into.

Many newbies are out there who diversify into other long term investments, and that doesn’t stop them from investing in Bitcoin. The most important thing is to understand what you are investing in and the risks involved. If a newbie has what it takes, they should do the right thing. Everyone investing in Bitcoin has the goal they want to achieve.

[Obulis]

As far as a person can repay a loan without relying on their Bitcoin investment to pay it back, I believe the Bitcoin investment is safe. What usually pressures someone to sell their Bitcoin at the wrong time is the need to repay the loan. However, if someone has other means of repaying the loan, they will not be disturbed by Bitcoin's price movements.For example, if I am expecting $1,000 over the next two months and I see Bitcoin's price drop to its current level, taking a loan to buy Bitcoin may not be a bad idea, as long as I have another way to repay the loan without relying on Bitcoin.The reason we are advised to avoid taking loans to buy Bitcoin is because of the repayment risk. Some people may not have any other means of repaying their loan and instead rely solely on Bitcoin, hoping its price will increase enough in the future to cover the debt. I also believe that is a very wrong approach because Bitcoin does not guarantee a profit.

I think people who take out loans to invest in Bitcoin are clearly incapable of thinking long-term. Essentially, they want to repay their debts with whatever they can, but that's clearly not a good idea. We always emphasize here that investing in Bitcoin requires discretionary funds. These are the most appropriate and reliable funds for investing in Bitcoin. Therefore, I believe investing in Bitcoin with a loan is clearly not a good idea. The borrowed funds are clearly very hot and must be repaid immediately.

Furthermore, the minimum holding period for investing in Bitcoin is clearly ten years. So, how do you think they can repay the money if they don't sell their Bitcoin? Logically,, it's clear that people who borrow money to invest in Bitcoin are not people with income. Perhaps they have high aspirations but lack the capital, which is why they decide to borrow. Therefore, friends here,, avoid borrowing money to invest in dibitocin. It's clearly dangerous.

To me taking loan to accumulate more bitcoin during a dip may not be a bad idea but repaying the loan is were the issue lies. There are people that may take loan with the intention of paying back the loan from other sources or they are expecting money from someone. The main problem here is , it is still risky to take loan to buy bitcoin even if we are sure of paying back the money because something can crop up along the line and derail our plans and we may end up not being able to pay back the loan. Maybe disappointed from a friend's that promise to give us the money or the money were actually expecting didn't show up when we were planning. All this can come up and at the end the person will be left with no other options but to sell there bitcoin.

Taking a loan to buy Bitcoin on a dip is one of the riskiest venture on earth. It's not a bad idea to invest with what you can afford to lose because most times when taking loan to invest is the case the whole venture usually turns into gambling because of the possible tendency of selling at a lose to avoid future interest of the loan taken. Volatility is steady so situation whereby you are expecting some funds what is supposed to follow is patience because another dip will definitely come and that's if you are waiting for the dip or a dip buyer or you are combining different strategies like buying using DCA strategy but keeping funds aside to buy during the dip. Altogether, there is no point putting your Bitcoin holding to unnecessary risk when patience is just the key.

[Popkon6]

Investing in bitcoin should not stop person from investing in other long time investment. If person can comfortably invest in bitcoin and other long time investment assets, there is no reason to limit it just one.

What matter is your have the discretionary income to invest and that the other investment they you are doing doesn't make you to pause your bitcoin accumulation. Bitcoin investment isn't some rocket science that can take away all of your time and energy form doing other things. You can invest and still have time for other things..

Sure, one can diversify, but to what end? How much discretionary does one have to keep buying Bitcoin consistently and also investing in order assets? Another question would be, with such diversification, how long will you take to get some tangible Bitcoin in your portfolio? Of course, this will take too much time. Paying more attention to just Bitcoin accumulation at least for beggining will be better and more productive over the years

For a newbie or a beginner that is just starting to invest in bitcoin, it won't be a wise decision for then to beginning thinking of diversifying into other assets. At this stage of there investment there focus is supposed to be on continuous buying of bitcoin and not to be distracted by trying to diversify there funds into other assets. It is only when they have gotten to a certain stage in there bitcoin investment that they feel that there portfolio is already in good shape, then they can diversify. But for a newbie it is not a good idea at all for them to be thinking of diversifying at such an early stage .

Bitcoin investment in the current position should be the best long-term, you can buy Bitcoin in the future days according to your ability. There is no alternative to buying Bitcoin, so the more Bitcoin you buy according to the DCA method, the bigger your portfolio will be and the more likely you are to make a profit.
So you can undoubtedly continue investing in Bitcoin. To continue investing in Bitcoin, you must have a prudent income. A person whose income path is wide will definitely be able to continue investing for a long time.

[Sulegzy39]

I can still tell that there are many newbies that are still facing little challenges on this, as a newbie, knowing how to figure out your financial stability is very paramount. But it's not necessarily till you must figuring out the starting amount before investing, it all depends on the availability of your discretionary income, even In practicing process one can can get to understand how or what exact amounts to be investing either weekly,like $10 or $20 worth of bitcoin depending on the person's financial status.

However, having a mindset of learning while investing gives newbies a hints on how to balance thier status along the line,  moreover, the most important thing newbies should know, is to start with the little amounts of thier discretionary income and when they get comfortable on it,  then they can adjust based on what may feels right to them.

investors should invest according to your income and cash flow. Many people struggle to invest even 10% or more of their income. That is, it can take 5 or more years to invest the equivalent of our 1 year's income. So you should try to be realistic about your capabilities. Bitcoin is an investment that has the potential for huge asymmetric gains. So whatever amount we pursue, it should be within our budget and realistic in implementing responsible and long-term plans, so that we feel comfortable with the habit of regular savings and investment. And as our income increases, it can be a prudent approach to gradually increase the amount.

Actually Investors should invest based on your earnings and cash flow. Many people struggle to invest 10% or more of their earnings. That example, it may take 5 years or more to invest the equivalent of one year's revenue. So try to be realistic about your talents.

Bitcoin is an investment with the potential for massive asymmetric returns. So, whatever amount we pursue It should be within our budget and realistic to implement responsible and long-term plans, so that we feel at ease with the habit of regular savings and investing. And, when our income grows, it can be sensible to progressively increase the amount.

[Bigjoe33]

So you can undoubtedly continue investing in Bitcoin. To continue investing in Bitcoin, you must have a prudent income. A person whose income path is wide will definitely be able to continue investing for a long time.

Wouldn't it be a bit more easier and/or easily understandable if you just say, 'To continue investing in Bitcoin, you need a Discretionary income ', rather than saying, 'to invest in Bitcoin, must have a prudent income'?
Don't you think that using 'prudent income' might sound a bit complex, especially for newbies who may not have any understanding of what prudent income is. I thinks it's best we just present our explanations in just simple and easy to understand pattern and/or in a simple investment terms. Of course, what we must have to start to invest in Bitcoin is discretionary income, prudent income can wait. Smiles!

A person whose income path is wide will definitely be able to continue investing for a long time.

There is no assurance to this statement, because some investors could have some range of income or income availability and still fail in consistency or in long term investment due to wrong investment practices.

Secondly, what part of Wide in income are you referring to?

Is it someone who has enough or plenty income(high income earners) or someone who has different sources of income?

Well, any of the above can be a reason why an investor can invest long term and /or HODL longer. But the fact still remains that even some plebs who are exposed to high income sometimes also engage in reckless spending and/or poor or bad investment practices where they fail to accumulate or HODL longer. Perhaps, at some point, discipline, determination and invest target plan is also needed to achieve a long term investment plan and not just wide income path, because even with the enough income, if the investor fails to Carry out a proper income management and allocation, the investment may fail too early