Buy Buy Buy or Sell Sell Sell?

[Loyang]

I'm not equating them with strategy rather they should try and grow their bitcoin portfolio to a bigger level before they will start looking into selling some portion to take profit.

The truth is that everyone with their your own goal , so you can’t compare others goal . Like I usually say everyone with their goal , some can choose to set a certain amount of bitcoin as their goal, some folks goal can be 2 BTC and more it just boils down on which suit you better as an investor of your capacity.

Sure, I'm not saying that everyone's goal is the same and or guys must get to a certain stage before they start selling their holdings. Perhaps you didn't read through the line i bolded, I know every investors must have set Their goals even before they start accumulating bitcoin. What I'm trying to say is that, guys need to focus on the ongoing buying of bitcoin for now, since there's an opportunity to buy  cheaper. even though they have reach their investment target yet they can still make adjustment because the price of Bitcoin is not in the  position where we will be talking about selling some portion of our holdings. So instead of them to keep fingers crossed and wait for the price to get to the point where they will feel that if they sell from that given amount they will be in a bigger profit, they rather continue buying while waiting for the price to get to that level.

If your goal is to buy, then why should you wait? I do not like waiting while continuing to buy continuously. Because it is just a waste of time and no one can tell when the decline you are waiting for will happen. Whenever you wait for the decline, you will watch the market again and again and your mental stress will increase and as a result of watching the market again and again, you may decide to sell your holdings out of fear during the decline or you may decide to sell your holdings out of greed after seeing some profit. Saving money separately while continuing to buy continuously is not at all the right decision to buy aggressively during the decline.

If you ever see a decline, then you can take a loan and buy aggressively depending on your financial situation and whether you can afford the loan or not. But you have to take care that this loan does not get in the way of your continuous investment and your financial situation does not create pressure on it, only then can you invest by taking a loan to buy aggressively during the decline.

[9ja Amaka]

If you are new to bitcoin then first thing you need to do is start investing without any further wastage of time. In start we need to be aggressive in Bitcoin accumulation until we have some decent number of Bitcoins in our stash and we must not look at price of Bitcoin in our initial phase of accumulation.

Emergency funds are also important and must not be overlooked because they are the one that will help you in holding your bitcoin for longer duration. Keeping this in mind, everyone must figure out that how much emergency funds are sufficient for him and also create a strategy to accumulate them along with Bitcoin accumulation.

This your advice is dangerous man. Bitcoin accumulation is not a race. I don't understand why you are telling new folks to rush into Bitcoin and be aggressive from the beginning. Beginners should first understand their cash flow, figure out discretionary income, split it into three…. One part for DCA, second for building emergency fund(which serves as financial buffer) and the other for discretionary consumption. You should not put everything into Bitcoin and then worry about emergencies later

There is no need for a beginner to be aggressive just because he wants to build portfolio quickly. He can start small and decide to be aggressive later according to his financial situation, but be careful not to be over aggressive because of pressure.

You cannot just tell folks to rush into investing without considering their financial situation.

While I don't totally agree with him I do think he is partially right. Although that part of becoming aggressive as a new bitcoin investor is wrong.

It is safe to say that beginners are reluctant with their investment. A part of them holds uncertainty firmly, causing discouragement to stay committed to their investment. That leads us to "time waits for no one". The time beginners spend contemplating whether to start buying or wait a little will pass them by when the bull run comes.

A new investor who has the capital and the basic knowledge then what are they waiting for to start their investment?

[ejikeme24]

~~

If you ever see a decline, then you can take a loan and buy aggressively depending on your financial situation and whether you can afford the loan or not. But you have to take care that this loan does not get in the way of your continuous investment and your financial situation does not create pressure on it, only then can you invest by taking a loan to buy aggressively during the decline.

Investing with loan money no matter how good the market situation turns out to be is out of the line, don't give such advice please. Because there are many investors whose financial situation is not okay as you think but giving this advice would probably make them to start engaging themselves into such practice without even considering the date that the loan will be due, if they can meet up with the repayment before that time or not. Personally I would suggest that if a person does not have enough discretionary income to be aggressive as they planned to, they should only apply it by looking at the amount of discretionary income they have in that initial time so that they don't end up being over aggressive or overstepping their boundaries.

[Soldroplet]

[Edited Out]

Investing with loan money no matter how good the market situation turns out to be is out of the line, don't give such advice please. Because there are many investors whose financial situation is not okay as you think but giving this advice would probably make them to start engaging themselves into such practice without even considering the date that the loan will be due, if they can meet up with the repayment before that time or not. Personally I would suggest that if a person does not have enough discretionary income to be aggressive as they planned to, they should only apply it by looking at the amount of discretionary income they have in that initial time so that they don't end up being over aggressive or overstepping their boundaries.

I agree with you, especially when you say, the issue of taking a loan to buy Bitcoin. If you plan to invest in Bitcoin regularly through DCA method, then it would not be good to suddenly increase your buying amount by taking a loan just because there is a dip in the market. In my opinion, you should rely on your cash flow, discretionary income and backup funds. In my opinion, you can continue to invest in Bitcoin gradually through DCA method according to your cash flow, not by looking at the current price of BTC, but with discretionary income. Investing in Bitcoin without discretionary income may force you to sell Bitcoin suddenly in an emergency situation.
However,  I do not think that investing in Bitcoin by taking a loan is bad in all situations. In some cases, the use of a loan can be reasonable, especially if its terms are good and there is a realistic and strong plan to repay it from future income. However, if new investors in Bitcoin are prone to borrowing, they may become accustomed to it, so I don't think it's right to increase the tendency for new investors to borrow too much. Ultimately, the goal should not be to accumulate as much Bitcoin as possible, but rather to accumulate Bitcoin in such a way that we are not forced to reluctantly sell Bitcoin due to any of the normal financial problems of life. It is much more important to continue DCA in the long term within the limits of your own cash flow.

[JayJuanGee]

There is nothing wrong with a new investor to strive to invest into bitcoin as aggressively as he can without overdoing it, and yeah, he has to figure out how aggressive that he is able to be without overdoing it.

New investors more like newbies can try to front-load there bitcoin and become wimpy if they choose and feels comfortable to do it when they have that discretionary income, just like when I started my bitcoin investment, I did commit some blunders because I was more interested in buy some sort of dips I wasn’t buying consistently, but when I realized I had made some mistakes I had to go more aggressive with buying through the DCA, because I feel I can make up from some of the unnecessary lost times mistakes that I made while starting my investment, but I was comfortable with my aggressiveness, I need to strategically plan my over-load of buying bitcoin, I did it with knowing my limit as well, first of all i have to feel comfortable with becoming aggressive.

Aggressiveness is a relative term, so there is no need to front load in order to be aggressive.

Sure, a person who has extra funds available has more options than a person who is merely relying upon his regular income, yet even a person who has $100 per week of discretionary funds could choose $33.33 investing, $33.33 savings and $33.33 in discretionary consumption, or maybe he chooses to be more aggressive by investing $70 and then putting $15 into savings and $15 into discretionary consumption.

How aggressive a person chooses to be will still end up falling into the amount of resources that he has, and he does not necessarily need to have greater levels of resources in order to be aggressive, yet maybe he works towards being more aggressive by purposefully trying to figure out ways to increase his discretionary income by increasing his income and/or decreasing his expenses. 

Any who is trying to be as aggressive as he can be without overdoing it will likely ongoingly need to pay attention to make sure that he is not overdoing it, so he still likely needs to be ongoingly building and/or monitoring his back up funds in case he has a lowering of his income and/or an increase in his basic expenses.

I'm not equating them with strategy rather they should try and grow their bitcoin portfolio to a bigger level before they will start looking into selling some portion to take profit.

The truth is that everyone with their your own goal , so you can’t compare others goal . Like I usually say everyone with their goal , some can choose to set a certain amount of bitcoin as their goal, some folks goal can be 2 BTC and more it just boils down on which suit you better as an investor of your capacity.

Sure, I'm not saying that everyone's goal is the same and or guys must get to a certain stage before they start selling their holdings. Perhaps you didn't read through the line i bolded, I know every investors must have set Their goals even before they start accumulating bitcoin.

That is not true.  Guys do not have to have figured out their goals (and set them) prior to getting started buying bitcoin.  Guys can start buying bitcoin as soon as they calculate that they have discretionary funds and they can figure out their goals as they go.

What I'm trying to say is that, guys need to focus on the ongoing buying of bitcoin for now, since there's an opportunity to buy  cheaper.

Why are you getting so excited about the current bitcoin price?  If a guy is new to bitcoin, then why should he give any shits about the current bitcoin price?

Bitcoin newbies get started buying bitcoin and many times they have no fucking clue if the bitcoin price is going to go up, down or sideways, yet they are buying bitcoin since they either have no coins or they are a low coiner, and they may well have goals to accumulate bitcoin on an ongoing basis for 1-2 cycles or more... so in the beginning they just ongoingly buy bitcoin without concern for prices...and perhaps with goals that over time (such as over 1-2 cycles) their bitcoin stash will start to become meaningfully large from their having had ongoingly been buying bitcoin on a regular basis (perhaps weekly?).

even though they have reach their investment target yet they can still make adjustment because the price of Bitcoin is not in the  position where we will be talking about selling some portion of our holdings. So instead of them to keep fingers crossed and wait for the price to get to the point where they will feel that if they sell from that given amount they will be in a bigger profit, they rather continue buying while waiting for the price to get to that level.

Maybe you need to be more specific, since it can take quite a long time to build up bitcoin holdings and to start to feel that a guy has enough or more than enough, unless a guy had been able to front load his investment. 

Let me drop this here, do everyone plan to hold their bitcoin forever and ever? I have so many replies here, although I can relate so well what we saying but so many persons make it sound like as if any user who sell his bitcoin jas done a great abomination 😁 but the truth is, if you are on the investment plan then selling off just for the course of entertaining pleasure is a stupid thing to but still some users might use selling bitcoin too as a strategy for their long term journey of getting to stash up bitcoin. But the founder satohsi himself would be surprised how people are all about saving now and not selling 😂

What do you actually mean because I don't get it at all..? How can selling your Bitcoin be used as a strategy for there long term journey of stacking up Bitcoin? Do you mean that the more you sell, the more gain you make and then you re-buy? If that's what you mean, isn't that a waste of time and resources, because you might not know the next volatile nice of Bitcoin, wether after your sell, it will move upwards of downwards.. why selling in the fist place when you are still in your accumulation stage? Why not just HODL?

People are not selling but HODLing because there is always a probability of Bitcoin reaching an ATH market price, and at that point, people who bought and held there coins will be at gains because Bitcoin has risen above there entry price. Unless you are a trader who is after immediate gains, if not, the best has always been to buy and HODL..

You are correct @Bigjoe33 to suggest that @MorganaX seems to be expecting that he can know when the BTC price is going to go down so that he can sell BTC and then buy back more BTC cheaper... which truly is a bad strategy to gamble with maybe being able to increase the bitcoin stash size and maybe not.

Instead of selling with a gambling expectation to buy back cheaper, it is probably better to just keep buying bitcoin, especially if a person is working towards increasing his bitcoin stash and trying to increase the stash in a sure-fire way rather than gambling with the stash.

[Merit.s]

However, if new investors in Bitcoin are prone to borrowing, they may become accustomed to it, so I don't think it's right to increase the tendency for new investors to borrow too much.

It's wrong for a brand new investor to start his bitcoin investment with a low because he hasn't figured out if he has discretionary income or not and how much is his discretionary income that he can use part of it to start buying bitcoin. He also has studied his own cash inflow management properly and you don't know if he is organized in his cash inflow management.

You are to invest with only your discretionary income, anyone without a discretionary income shouldn't invest so that, you don't go take a loan that will put your financial situation into a deep mess to the point that you start regretting your actions. And as a brand new investor, you need to start slowly in order to get used to buying bitcoin irrespective of how small it is. So, that you to get used to buying regularly every week as you study your cash inflow management and organize in it.

What do you actually mean because I don't get it at all..? How can selling your Bitcoin be used as a strategy for there long term journey of stacking up Bitcoin? Do you mean that the more you sell, the more gain you make and then you re-buy? If that's what you mean, isn't that a waste of time and resources, because you might not know the next volatile nice of Bitcoin, wether after your sell, it will move upwards of downwards.. why selling in the fist place when you are still in your accumulation stage? Why not just HODL?

People are not selling but HODLing because there is always a probability of Bitcoin reaching an ATH market price, and at that point, people who bought and held there coins will be at gains because Bitcoin has risen above there entry price. Unless you are a trader who is after immediate gains, if not, the best has always been to buy and HODL..

I agree with everything that you said because buying to sell back and buy cheaper will keep you in a no coiner level for sometimes and you will definitely miss out in the compounding value of your bitcoin portfolio. I don't see that as an accumulation strategy but as trading because you are capitalizing on quick profit to boost your bitcoin stash which might end up in the opposite direction.

[BluebloodCXVI]

If you are new to bitcoin then first thing you need to do is start investing without any further wastage of time. In start we need to be aggressive in Bitcoin accumulation until we have some decent number of Bitcoins in our stash and we must not look at price of Bitcoin in our initial phase of accumulation.

Emergency funds are also important and must not be overlooked because they are the one that will help you in holding your bitcoin for longer duration. Keeping this in mind, everyone must figure out that how much emergency funds are sufficient for him and also create a strategy to accumulate them along with Bitcoin accumulation.

This your advice is dangerous man. Bitcoin accumulation is not a race. I don't understand why you are telling new folks to rush into Bitcoin and be aggressive from the beginning. Beginners should first understand their cash flow, figure out discretionary income, split it into three…. One part for DCA, second for building emergency fund(which serves as financial buffer) and the other for discretionary consumption. You should not put everything into Bitcoin and then worry about emergencies later

There is no need for a beginner to be aggressive just because he wants to build portfolio quickly. He can start small and decide to be aggressive later according to his financial situation, but be careful not to be over aggressive because of pressure.

You cannot just tell folks to rush into investing without considering their financial situation.

While I don't totally agree with him I do think he is partially right. Although that part of becoming aggressive as a new bitcoin investor is wrong.

It is safe to say that beginners are reluctant with their investment. A part of them holds uncertainty firmly, causing discouragement to stay committed to their investment. That leads us to "time waits for no one". The time beginners spend contemplating whether to start buying or wait a little will pass them by when the bull run comes.

A new investor who has the capital and the basic knowledge then what are they waiting for to start their investment?

I think we need to make a distinction here between being decisive with your investment and being aggressive with it.

Just because a beginner has capital and basic knowledge, it doesn’t mean that they must immediately increase their exposure in the market, they should atleast know why they are buying, how much of their available funds will be comfortable for them to put into investing and what they intend to do incase the market moves sharply against them.

At the same time too, waiting until you feel certain about investing can become another form of procrastination and nobody gets that level of certainty with bitcoin and the market is surely not gonna pause itself for someone to first become confident.

The best approach is to just start small and learn/adapt along the way instead of staying on the sidelines indefinitely or becoming overly aggressive just because you decided to enter the bitcoin market.

[Promocodeudo]

I agree with everything that you said because buying to sell back and buy cheaper will keep you in a no coiner level for sometimes and you will definitely miss out in the compounding value of your bitcoin portfolio. I don't see that as an accumulation strategy but as trading because you are capitalizing on quick profit to boost your bitcoin stash which might end up in the opposite direction.

How will I accumulate Bitcoin to the level I see myself now, and decide to sell simply because I want to buy cheaper, what kind of joke is that, what's the need for accumulating to that level if can wake up one morning and start doing things the wrong way, why will that be a strategy, at what point is that person selling, the dip to buy the dip or what? make it make sense to me, do people think this way, if i don't have what it takes to buy higher when the price drop, as far as I'm doing my usual DCA, I don't think I should have anything to bother myself with, selling can never be an option for me when I have not reached my over accumulation and even when i reach my over accumulation, there must be something serious which is also investment that will prompt me to withdraw a little from my Bitcoin asset.

[Rhow]

If you ever see a decline, then you can take a loan and buy aggressively depending on your financial situation and whether you can afford the loan or not. But you have to take care that this loan does not get in the way of your continuous investment and your financial situation does not create pressure on it, only then can you invest by taking a loan to buy aggressively during the decline.

Sometimes, a market downturn can create a very good accumulation opportunity for long-term investors. But it creates an opportunity for us only when we take advantage of the opportunity without putting our financial position at risk. Buying at a price drop is not a bad decision, rather it can strengthen long-term investments. But the opportunity of a price drop can be taken when someone already has excess reserves and is already buying regularly. Buying on credit just by seeing a price drop can often be risky. Because we know in advance which decline is the bottom. Because after Bitcoin has fallen by 20%, you may have bought on credit, but later it may fall by another 30%. Again, the credit itself is not part of any discretionary income, but it creates a direct liability on your cash flow in the future. If you see a bigger decline later, you may be stressed. Even today you may think that you will be able to repay the loan in the future, but if your situation is very bad in the future, you may need to sell Bitcoin just to repay the loan. Even then, if the price of Bitcoin  If it is lower than your current purchase price, you may have to sell at a loss. Therefore, there are a few things to consider before taking advantage of a price drop by taking out a loan. Ultimately, the individual can make the right decision for themselves.

[Different patterns]

So no one is saying selling of your holding is bad, but only do that when you have reached your goal, and even at that you can’t just sell everything, you can just sell some of it and set another target. Bitcoin investment is for the future, we can just be selling our holdings because we have accumulate much of it.

It is really so hilarious of you to think that once you have accumulate enough stash of bitcoin that you can start selling it reason been that you have enough stash of bitcoin, how many dollars worth of Bitcoin did you think those guys have in their portfolio that you're proclaiming that it's enough for them to start selling? Imagine strategy who has been in this accumulation journey for years probably decades still feel that the Bitcoin he has in his possession isn't enough, then why would a guy that I'm not sure if they have spent 3 years in This accumulation journey would think that they have accumulate enough of it? I'm not equating them with strategy rather they should try and grow their bitcoin portfolio to a bigger level before they will start looking into selling some portion to take profit.

The problem is. how do people even manage to know that their bitcoin accumulation is even enough to start selling in the first  place? If  someone really plan to hold bitcoin for long term, it won’t be a good advice for them to be in hurry to sell your bitcoin stash, because when you see that you enough bitcoin today, you feel that the amount is very big. it may no feel the same In many years ahead, the price change at unexpected times, But once focus on building the bitcoin position first, rather then rushing to sell when you think you have accumulate enough. And one thing about bitcoin  accumulation, is that someone may have been accumulating bitcoins for over many years, but still be in early building bitcoin position, what I really believe is that if someone really have plan to invest for long term, why still rushing to sell. When better achievements still ahead of you, but that cannot be achieved without patience and consistent.

[NewRevelation]

Just because a beginner has capital and basic knowledge, it doesn’t mean that they must immediately increase their exposure in the market, they should atleast know why they are buying, how much of their available funds will be comfortable for them to put into investing and what they intend to do incase the market moves sharply against them.

Should that be a problem? I don't think so. This is sounding like another delay tactics to stop or limit you from getting into your investment immediately after figuring out your discretionary income. Secondly, the question of how much of there available funds will be comfortable for them to put into Bitcoin is clearly solved if they are able to figure out there discretionary, because with your discretionary income available, it means you have taken care of basic needs and you can begin your investment.

 However, the advice has always been, especially for newbies, to start out there investments with little amounts from there discretionary, while also putting some of your discretionary into back up funds and some for discretionary spending which can not be completely neglected. Another important reason why it is important to start out with little amounts as a beginner is so that you can strike a balance with your income management and allocation. There is a whole lot to learn while already investing. But you must get started if your discretionary is available.

[Padi24]

Just because a beginner has capital and basic knowledge, it doesn’t mean that they must immediately increase their exposure in the market, they should atleast know why they are buying, how much of their available funds will be comfortable for them to put into investing and what they intend to do incase the market moves sharply against them.

Should that be a problem? I don't think so. This is sounding like another delay tactics to stop or limit you from getting into your investment immediately after figuring out your discretionary income. Secondly, the question of how much of there available funds will be comfortable for them to put into Bitcoin is clearly solved if they are able to figure out there discretionary, because with your discretionary income available, it means you have taken care of basic needs and you can begin your investment.

Of course an investor is supposed to know the steps to take when the price move sharply against them, that is the reason why you see most investors trying to be aggressive by all means especially when they figure out that there's an opportunity to buy cheaper, because they know that a time will come when they will not have the opportunity to buy cheaper. So an investor is supposed to start preparing beforehand knowing fully that a time will come when the price will move sharply against them so in other to avoid running around or trying to figure out a good strategy that they will be suitable for their bitcoin investment during that time it's better we start buying aggressively as we can so as to enable us front load our investment now that we had the opportunity.