Buy Buy Buy or Sell Sell Sell?

[Promocodeudo]

In as much as I would love to say that discipline is very important in Bitcoin investment I will also want to inform you that we don't need discipline to start Bitcoin investment but rather what we need to start Bitcoin investment is our discretionary, determination and courage because if you are not determined to invest you will still feel somehow along the process of investing. However, discipline only come to play when you have started, that is maintaining your investment takes a lot of discipline.

Do you know that determination go in line with discipline, although that's a talk for another day, yea I agree with you thsf what every investor needs to invest is discreationary income, our discretionary is the most important thing in our Bitcoin accumulation at first, Emergency funds is also very important for safeguarding our Bitcoin asset that's when we have started, and another thing is, to continue figuring out our discreationary income from a source, another thing is to start, another is to persistently invest without any obstruction.
For me, keeping up with our Bitcoin investment, requires following the right strategy, and not doing more than your means, to avoid being on tension, although perseverance, patience must be part of us,for us to invest and hodl for a long-term.

[Charcol]

So far, everyone who has held for a long time has been in profit, and it will be the same in the future.

The case for holding for the long term is quite strong, especially if one buys with money that one will not need for daily needs or emergency expenses. Saving for the long term helps the investor stay away from small market fluctuations, and even reduces repeated buying and selling mistakes. However, an investor should not be too enthusiastic about saying that if he holds for the long term, he will make a profit. Again, assuming the future is the same as the past can be risky. Bitcoin may have long-term potential, but no investment guarantees profit. Especially someone who does not have emergency funds and bought with money for needs may be forced to sell in the middle, even with a long-term view. Then the market is as much to blame as his own lack of preparation.

[Derekfunds]

That's very true, long term investment requires discipline cause if an investor is not discipline the person might not be able to overcome the challenges of volatility, Bitcoin investment seems easy based on buying and holding but when practicalised you'll figure that their are challenges that could hinder the progress of the investment and it takes discipline to scale through.

 Another thing is conviction, investors need to keep believing that Bitcoin would recover after dip cause such mentality would also help maintain discipline.

You are right no investment or way of making a living is ever rosey, there will always be obstacles and challenges here and there but it takes knowledge, wisdom and understanding to scale through them. The reason some people fail is because they always think and believe things are meant to be easy and rosey for them but that is wrong. And before someone should start Bitcoin investment, they should have had the believe and mentality that Bitcoin will always correct and pump regardless of the Dip and this mentality will help them grow and not to make reckless decision.

[Obulis]

Bro i totally agree with u at the end of the day what matter is how much you can save after all your expenese.Having multiple source of income is good but the most important thing is how ur managing your expenses .Even with a small income a person can do investments consistantlly and can live a happy life.Managing ur life style and responsibilities according to your source of income is very important if u want to grow in life.

That is exactly where discipline comes in, you can not be able to sort out your discretionary income if you are not discipline. You will agree with me that the problem some people are having investing in Bitcoin is because they are not disciplined enough to even sort out their discretionary income and if you can not sort out your discretionary income Investment becomes impossible. And I agree with what you said, those people who has a small source ot income and yet they are consistent with their Bitcoin investment, it is as a result of high level of discipline because it is not everyone that can do it and they will surely benefit from it

I don't think discipline has anything to with sorting out your discretionary income because every investors that has money and that is willing to invest will surely sort out his discretionary income to be able to start investing, and were i think discipline can come in as an investors, you need the spirit of discipline in order to hold Bitcoin investments no matter how the price of Bitcoin might for in the market, and investing in Bitcoin doesn't require you to have large or small sources of income before investing because there are still investors that doesn't have means of having source of income yet they still invest in Bitcoin and still sort out their discretionary income.

@popoluv, discipline is required in both areas, if you are not disciplined you will find it difficult to manage your expenses and by that you won't be able to figure out your discretionary funds that will be used for Bitcoin investment, and then an investor who is already hodling Bitcoin also requires discipline to hodl their asset to avoid selling too quick. When you lack discipline, you will find it hard to save for Bitcoin (figure out or keep discretionary funds) and hard to sustain or hold Bitcoin.

[Rabata]

Long term investors can find a steady investment approach such as DCa to be extremely advantageous. It prevents you from entering and exiting the market at the exact right moment and eliminates the emotional aspect of reacting to price changes.

By following the DCA strategy, one gets the opportunity to buy in small amounts according to one's ability. Even if one starts small and buys regularly, people gradually understand how stable they can be when the price falls and whether they deviate from their plan when the price rises. However, it is not that easy to completely remove emotions when the price falls. By following the DCA method, you may not have to worry about the time to buy, but fear, greed, impatience or the tendency to suddenly sell does not end on its own. If someone invests beyond their ability and does not keep an emergency fund, then even after doing regular DCA, they may be forced to sell or if the market is down, they may be pressured to sell. Then the problem is not DCA but the weakness of the plan.

That is why it is advised to first separate all your necessary expenses and then make regular purchases from the discretionary income part and at the same time pay attention to the emergency fund.

[Cyber_warrior]

That's very true, long term investment requires discipline cause if an investor is not discipline the person might not be able to overcome the challenges of volatility, Bitcoin investment seems easy based on buying and holding but when practicalised you'll figure that their are challenges that could hinder the progress of the investment and it takes discipline to scale through.

 Another thing is conviction, investors need to keep believing that Bitcoin would recover after dip cause such mentality would also help maintain discipline.

You are right no investment or way of making a living is ever rosey, there will always be obstacles and challenges here and there but it takes knowledge, wisdom and understanding to scale through them. The reason some people fail is because they always think and believe things are meant to be easy and rosey for them but that is wrong. And before someone should start Bitcoin investment, they should have had the believe and mentality that Bitcoin will always correct and pump regardless of the Dip and this mentality will help them grow and not to make reckless decision.

I’m life entirely discipline is a very important thing, you could go astray if you don’t have discipline in life. It applies to bitcoin investment too, when investing in Bitcoin, discipline keeps your investment growing. But then you can’t be disciplined in bitcoin if you don’t build for it, you need your emergency funds to keep you away from touching you bitcoin during emergency periods.

A lot of people have been forced to sell prematurely because they hit emergency issues, so to remain disciplined not to touch your bitcoin in time of emergency issues, you should build your emergency fund and reserve funds.

[Loyang]

So far, everyone who has held for a long time has been in profit, and it will be the same in the future.

If a person is able to hold his wealth for a long time, then there is no certainty that he will be able to profit. But yes, if a person is able to hold it for a long time, then his chances of profiting are much higher than that of a short-term investor. With time, everyone is moving towards Bitcoin and investing in Bitcoin, the demand is increasing in the market and the price of Bitcoin is also increasing.

Every person needs to keep his humanity in his long-term investment and it is necessary to invest for a long time. If someone invests for a long time, his chances of profiting are much higher, although it cannot be said for sure, but the chances are much higher.

[Perfect-World]

Financial transparency is the most important thing for investing, no matter how much a person's income and expenses are, he always needs to use his earned money in the right place,

The ability to figure out your discretionary income and begin your investment is the most important thing in investing, and perhaps, also building your back up funds alongside simultaneously. Slowly, you could strike a balance with your income management/allocation and your investment.

, the money you earn from your income should be considered as the first target for investment, which is enough to destroy your investment,

This part of your statement is really not understandable. Would you really explain to us what you mean by it because am confused.

Of course, the money you earn either weekly or monthly depending on your payroll schedule is used to settle your basic needs first, and then, if there is left over, it becomes your Discretionary income, and with it you can buy Bitcoin and also building up back up funds simultaneously.

Your investments can be destroyed or at the risk of destruction is when your income comes, you fall to settle your basic needs properly, or put in more money into Bitcoin more than you should(overly aggressive) and/ or fail to build up your back up funds as you should.