Buy Buy Buy or Sell Sell Sell?

[michellee]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

If he want to trade, he should allocate more money so he will not disturb his investing money. A beginner will curious with so many things about crypto especially if they are actively with their social media.

They will see many people say about crypto including trading. But they will not try trading instead focus on accumulating on Bitcoin. That will keep them away from the trading loss because trading is not all people.

[Derekfunds]

You sound lost Bravut.  Of course withdrawing bitcoin is the same as selling, so if guys are taking too much profits too soon, then they surely could end up screwing up their bitcoin portfolio building and never making any progress in regards to really getting their BTC holdings up to a high enough level to really profit from being in t bitcoin.

I agree with you JJG, selling too much Bitcoin when one haven't gotten a good number or fraction of Bitcoin in there portfolio is not good because sometimes after selling you won't see the need to invest again or sometimes you won't see the opportunity you were hoping that made you sell your Bitcoin, selling is not actually bad per say but as a low coiner or a beginner you don't have or need to sell your Bitcoin but for someone who have hold for years and has a good amount can sell but not up to 10-30% of there investment because our portfolio will not look nice and one funny thing about Bitcoin investment is that selling can be so easy but buying back an holding can be very hard that is why we shouldn't sell a high percentage of our investment.

[Gallar]

~Snip

This majorly applies to the investors and not traders, and also from what he said here, we must be able to employ a sustainable withdrawal strategy, which means we are not just only going to sell at any point in time because we feel like doing so, but it must be done on a thorough and orderly manner to which will be a profitable decision for us to sell after adopting the use of a particular selling strategy, i have witnessed some selling at loss, thinking it is more saver for them than to have an elongated loss session on their investment, we have several examples related to when some have made a selling decision at loss and some are making profits in the same way because of the strategy they all used make withdrawal.

Selling at a loss is in fact not a good decision if at the same time they have additional capital to accumulate. I know some holders may be afraid of having their investment value drop any lower due to high selling pressure, but in reality the market will only recover after over selling.

If I have to sell, then I will not sell some, but I will sell everything at the same price and plan to reinvest at a later time. I don't fully know what the purpose of selling some of it is if in the end the held asset is sold at a lower price considering market dynamics that are difficult to predict. Price volatility provides an opportunity for anyone to buy at low prices and sell at high prices, this cycle can be exploited by anyone.

Does this talk lead to panic when there is a price drop that occurs in bitcoin, if true why should you panic selling. Because if you are a long-term investor in bitcoin, you should not sell your assets when there is a price correction or decline. Because remember the goal of long-term investment is definitely more than two cycles, so why should you sell it because you panic. Because basically the price of bitcoin will definitely continue to experience a higher increase even though there will definitely be a correction. So the point is not to instill a trader's mindset when investing in bitcoin. Because it is certain that if a trader's mindset is applied to the investment that we are running in bitcoin, I am sure the results will not be as optimal as investors who are truly total with their determination.

In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.

[tiCeR]

Well said.
This bores down to the investor own unique financial bearing...  which  affects his profitability and portfolio.
Withdrawal doesn't obstruct portfolio building, withdrawal is about taking profits made, if the investor have realised a substantial gain or % rise in his portfolio, he can decide to sell wether in a favourable or unfavorable market condition As far as it aligns with his plan, decision.
An investor, invests because he wants return, the return made is subjective to the investors choice, not necessarily a particular "selling strategy".

You sound lost Bravut.  Of course withdrawing bitcoin is the same as selling, so if guys are taking too much profits too soon, then they surely could end up screwing up their bitcoin portfolio building and never making any progress in regards to really getting their BTC holdings up to a high enough level to really profit from being in t bitcoin.


Just think of the various guys who bought bitocin around $500 or $1k and they took profits several times along the way, and they maybe even took 20x profits or more (let's say around $20k or at various other places along the way, and then now they might have little to no bitcoin and they cannot buy back their bitcoin, and right now the price is over $80k and they are low coiners or even no coiners waiting for the BTC price to drop, and it may well not drop enough, so instead of having 30-50 BTC, they got their profits and they spent their money, and maybe they have 1 or 2 BTC, but they do not have enough money to buy back even 25% of the coins that they sold..

There are all kinds of guys who have historically engaged in such practices that resulted in their selling way too much of their bitcoin too soon, all in the name of "profit-taking" and their belief that they were doing the right thing by taking profits, but then they sold most if not all of their coins all the way up and they felt like they were making good profits at various points along the way, and they even considered that they might be able to buy back cheaper, but they did not .

So then perhaps they did not have any coins left after the BTC price reached certain levels, and they wished that they had not sold so many of their coins so early in the process and they wished that they would have had hung onto more of their bitcoin, perhaps even 10-20 of their bitcoin, but they did not and they end up having fractions of a coin, and sure maybe they have 1 BTC and maybe they don't even have that much BTC.. because they failed/refused to stay focused on either accumulating more BTC or at least making sure that they continued to have enough BTC.. even if it might have had been a floor amount that they did not let their holdings go below such floor amount, which even 10-20 BTC would seem like a good thing right now for the guy who has less than a whole coin becuase of his desires to ongoingly take profits and to buy himself "nice things" because he deserved it..

I think this is the standard care for someone not understanding the concept of opportunity cost very well. Whether I am in profit or not does not matter too much when I understand what I invested in and conclude that the upside potential is still outweighing the short term financial gain from divesting.

The funny part about bitcoin is that it has proven wrong those who thought the upside potential would not outweigh their short term financial gain or their desire for short term pleasure anymore. We are now in a similar environment when bitcoin goes a bit up and down, people begin feeling unsure about their position and they question the upside potential while also changing the premises based on which they once decided to invest.

Opportunity cost has been tremendous and even worse so for those who sold their bitcoin and bought something like a car that suffers from depreciation, which means they sell an asset with upside potential to then buy an asset that loses in value over time. If someone buys a house and rents it out, then so be it if economic circumstances led them to think that decision would be best for them personally. But so far I am not sure there was a situation when bitcoin was high and real estate was low. Real estate prices went through the roof when bitcoin went through the roof because of that low interest rate environment.

Ultimately it doesn't matter what other people do as long as they are not one of these trolls on social media advising everyone to do the same as they do. Some people made life-changing money and that is good for them if they are in peace with their decision, but the majority of people I talk to share the same problem, sold too early and reget it and they could have decided otherwise. Some have to sell as special circumstances can occur beyond what someone's risk assessment was at first, but that doesn't apply to the maority.

Risk taking capacity has huge impact though and that is why the rich get richer. They don't have the same thoughts when their bitcoin investment went up 100x as someone who has less risk taking capacity and feels bad about holdig because of fearing to lose it when simultaneously that person believes in the investment to increase in price further.

[SOKO-DEKE]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

It is not only beginners who should avoid trading, but also those who have been in the crypto industry for a long time also. Trading carries high risks, and it is not only beginners who can lose money, even people claiming to have good knowledge about trading lose money from trading time to time.instead of focusing solely on advising newbies to avoid trading, it’s better for everyone to understand that trading carries significant risks and that anyone can easily lose money, whether they are experienced or just starting out.as for me, rather than encouraging someone to trade, I would suggest they invest their money in Bitcoin. If someone is already investing in Bitcoin, it doesn't make sense for them to trade, as this could lead to the loss of the Bitcoin investment they have been gathering for the long term. Once someone trades and loses the funds they had planned for trading, they might be tempted to dip into their Bitcoin investment.

[Moreno233]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

If he want to trade, he should allocate more money so he will not disturb his investing money. A beginner will curious with so many things about crypto especially if they are actively with their social media.

They will see many people say about crypto including trading. But they will not try trading instead focus on accumulating on Bitcoin. That will keep them away from the trading loss because trading is not all people.

It seems you are still very much engrossed in the word "crypto" rather than Bitcoin. It has been emphasized that it is better to use the word Bitcoin rather than crypto which is like a generalization that makes Bitcoin the same as the numerous shitcoins out there. I think there is sense in it because if we dwell in using crypto, anyone who loses money to shitcoin will hate Bitcoin together and call everything scam including Bitcoin which is far from being a scam.

Furthermore, I will not advice anyone to trade due to the inherent risk associated with trading and for a volatile asset like Bitcoin, such risks are compounded. Instead of advising someone to increase his capital allocation if they want to trade, those extra cash can be used to increase Bitcoin accumulation for long term hold. Let us encourage more people to hold because that is safer and easier to realize much profits and minimal risk.

[Ruttoshi]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

If he want to trade, he should allocate more money so he will not disturb his investing money. A beginner will curious with so many things about crypto especially if they are actively with their social media.

Even if he allocates more money to trading, that doesn't mean that he wouldn't run at loss in the long run. No matter how big is the money you are using to trade, it's not a guarantee for profits because trading is a high risk practice which shouldn't be encouraged at all. A beginner is a no coiner and it's wrong for them to start their bitcoin investment with trading, because they must run at loss since they lack the knowledge of trading.

It's such people that you cry to you and tell you that you have scammed them by allowing them to buy bitcoin and run at loss. People who adviced into bitcoin for long-term that don't understand that bitcoin is a volatile asset, will put all the blame on you if they see their portfolio depreciating during the dip, talkmore of the ones you told to trade.

It's good that only long-term investment should be discussed with people around us when they come to us to seek for bitcoin knowledge, so that they will be proud of you in future when they succeed in their bitcoin long-term investment.

[Doan9269]

~Snip

This majorly applies to the investors and not traders, and also from what he said here, we must be able to employ a sustainable withdrawal strategy, which means we are not just only going to sell at any point in time because we feel like doing so, but it must be done on a thorough and orderly manner to which will be a profitable decision for us to sell after adopting the use of a particular selling strategy, i have witnessed some selling at loss, thinking it is more saver for them than to have an elongated loss session on their investment, we have several examples related to when some have made a selling decision at loss and some are making profits in the same way because of the strategy they all used make withdrawal.

Selling at a loss is in fact not a good decision if at the same time they have additional capital to accumulate. I know some holders may be afraid of having their investment value drop any lower due to high selling pressure, but in reality the market will only recover after over selling.

If I have to sell, then I will not sell some, but I will sell everything at the same price and plan to reinvest at a later time. I don't fully know what the purpose of selling some of it is if in the end the held asset is sold at a lower price considering market dynamics that are difficult to predict. Price volatility provides an opportunity for anyone to buy at low prices and sell at high prices, this cycle can be exploited by anyone.

Does this talk lead to panic when there is a price drop that occurs in bitcoin, if true why should you panic selling. Because if you are a long-term investor in bitcoin, you should not sell your assets when there is a price correction or decline. Because remember the goal of long-term investment is definitely more than two cycles, so why should you sell it because you panic. Because basically the price of bitcoin will definitely continue to experience a higher increase even though there will definitely be a correction. So the point is not to instill a trader's mindset when investing in bitcoin. Because it is certain that if a trader's mindset is applied to the investment that we are running in bitcoin, I am sure the results will not be as optimal as investors who are truly total with their determination.

In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.

The mistake that most investors found in this category made is that they don't properly position their minds towards what they are doing, you can't apply the same idea or strategy in dealing with altcoins to bitcoin, that is not possible because is far better and advanced to invest than other cryptocurrencies, now going further on panic, I don't know why there should be panic when we are not new to the system, if the market dips then you hold and when it pumps you sell, there's no need for FOMO because this is what will cause some investors to now go into the actual loss they would have avoided from the first time.

We should not trade in fear, it helps in nothing than to instigate us to lose, because we don't know what to expect and also what may comes in after we have invested, some traders have stand on their ground to the toughest time and ensure that they remained there till it passed and it later turns a profitable one for them, when we are experienced at what we do, we are not going to fall a victim of fear or be intimidated by the market reaction, instead we are going to remain till we turn the table around on our own personal interest and our investment turns a profitable one.

[AbuBhakar]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

It is not only beginners who should avoid trading, but also those who have been in the crypto industry for a long time also. Trading carries high risks, and it is not only beginners who can lose money, even people claiming to have good knowledge about trading lose money from trading time to time.instead of focusing solely on advising newbies to avoid trading, it’s better for everyone to understand that trading carries significant risks and that anyone can easily lose money, whether they are experienced or just starting out.as for me, rather than encouraging someone to trade, I would suggest they invest their money in Bitcoin. If someone is already investing in Bitcoin, it doesn't make sense for them to trade, as this could lead to the loss of the Bitcoin investment they have been gathering for the long term. Once someone trades and loses the funds they had planned for trading, they might be tempted to dip into their Bitcoin investment.

It’s indeed high risk to trade due to the volatile nature of crypto market even for long time user because one big mistake can erase everything that you made in the many year of hard work.

I read a lot of post in X and Binance feed about traders losing everything they earn on many year of trading after one big lose. Despite having a stop loss human nature is still has a greedy nature that makes us susceptible to error.

Holding is the safest and right approach if someone wants to become successful. Buy using salary and wait until you retired before you sell.

[Tonimez]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

If he want to trade, he should allocate more money so he will not disturb his investing money. A beginner will curious with so many things about crypto especially if they are actively with their social media.

Even if he allocates more money to trading, that doesn't mean that he wouldn't run at loss in the long run. No matter how big is the money you are using to trade, it's not a guarantee for profits because trading is a high risk practice which shouldn't be encouraged at all. A beginner is a no coiner and it's wrong for them to start their bitcoin investment with trading, because they must run at loss since they lack the knowledge of trading.

It's such people that you cry to you and tell you that you have scammed them by allowing them to buy bitcoin and run at loss. People who adviced into bitcoin for long-term that don't understand that bitcoin is a volatile asset, will put all the blame on you if they see their portfolio depreciating during the dip, talkmore of the ones you told to trade.

It's good that only long-term investment should be discussed with people around us when they come to us to seek for bitcoin knowledge, so that they will be proud of you in future when they succeed in their bitcoin long-term investment.

A beginner will remain a beginner if he starts the wrong way. Bitcoin investment is your preference at all time. Trading is like risking your sweat and how would it feel seeing your supposed mentee running into loss due to Trading. Teach them right and keep of that zeal to trade bitcoin.

[Ricardo11]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

It is not only beginners who should avoid trading, but also those who have been in the crypto industry for a long time also. Trading carries high risks, and it is not only beginners who can lose money, even people claiming to have good knowledge about trading lose money from trading time to time.instead of focusing solely on advising newbies to avoid trading, it’s better for everyone to understand that trading carries significant risks and that anyone can easily lose money, whether they are experienced or just starting out.as for me, rather than encouraging someone to trade, I would suggest they invest their money in Bitcoin. If someone is already investing in Bitcoin, it doesn't make sense for them to trade, as this could lead to the loss of the Bitcoin investment they have been gathering for the long term. Once someone trades and loses the funds they had planned for trading, they might be tempted to dip into their Bitcoin investment.

Trading is high risk and this risk will always be there, everyone has the possibility of losing, even an experienced trader cannot always be in profit, they also face a lot of losses. So, as much as beginners think that trading is easy at first, in fact, it is a very big mistake for them, because because of that thinking, they start trading and start moving towards losses. Because they trade in the hope of profit, suddenly they suffer big losses, and thus their losses continue to increase.
So all in all, Bitcoin investment will be the only best, profitable, and safest asset in the long run, so especially a beginner should always move towards Bitcoin investment in the first place, this will be the best decision for a beginner.

[Jewan420]

It is not only beginners who should avoid trading, but also those who have been in the crypto industry for a long time also. Trading carries high risks, and it is not only beginners who can lose money, even people claiming to have good knowledge about trading lose money from trading time to time.instead of focusing solely on advising newbies to avoid trading, it’s better for everyone to understand that trading carries significant risks and that anyone can easily lose money, whether they are experienced or just starting out.as for me, rather than encouraging someone to trade, I would suggest they invest their money in Bitcoin. If someone is already investing in Bitcoin, it doesn't make sense for them to trade, as this could lead to the loss of the Bitcoin investment they have been gathering for the long term. Once someone trades and loses the funds they had planned for trading, they might be tempted to dip into their Bitcoin investment.

Even one of the basic tips of trading is that you have to learn to lose a lot of money to learn and survive in trading. Not only will you lose while learning, but even after becoming an experienced trader, you have a high risk of losing. You will not find traders who have not lost a lot of money. You may find traders who have experienced losing and are now making some profit. However, the number of such traders is very small, because not everyone is ready to lose and cannot survive losing and losing in the end. You will find more failed traders than successful traders who have given up trading due to losing money in the initial stage. I can never advise anyone to get involved in such a practice, rather I will warn them about the high risk of trading and encourage them to stay away from trading.

If you want to get involved in the crypto industry, I will introduce you to Bitcoin investment where you do not have to learn to lose like trading and solve complex problems with market analysis, and even the risk is very low compared to trading. In this case, you have to be a long-term investor and invest consistently. With a very simple strategy like DCA, you will continue to invest and hold for the long term, while also gaining knowledge about risk management and investment management so that you can manage your investments properly. If you are successful in holding for the long term (2-3 cycles or 8-12 years), then your chances of profiting are higher and most of your money is safe here (although no investment is 100% guaranteed to be safe). While I would encourage someone to invest in Bitcoin, I would discourage trading or Bitcoin trading and advise them to refrain.

[Mr Reporter]

You sound lost Bravut.  Of course withdrawing bitcoin is the same as selling, so if guys are taking too much profits too soon, then they surely could end up screwing up their bitcoin portfolio building and never making any progress in regards to really getting their BTC holdings up to a high enough level to really profit from being in t bitcoin.

I agree with you JJG, selling too much Bitcoin when one haven't gotten a good number or fraction of Bitcoin in there portfolio is not good because sometimes after selling you won't see the need to invest again or sometimes you won't see the opportunity you were hoping that made you sell your Bitcoin, selling is not actually bad per say but as a low coiner or a beginner you don't have or need to sell your Bitcoin but for someone who have hold for years and has a good amount can sell but not up to 10-30% of there investment because our portfolio will not look nice and one funny thing about Bitcoin investment is that selling can be so easy but buying back an holding can be very hard that is why we shouldn't sell a high percentage of our investment.

investors should also understand the concept of buying back into the market, just as you have said can also be emotionally challenging, especially if the price of the market has increased significantly, and this has caused many investors who have found they're self in this problem, some investors are regretting selling to early and not holding onto their bitcoin long enough.

[Mr Reporter]

It is important to stay away from Trading as a Beginner, It is also important to stay away from Trading as a Bitcoin Investor, If you have a future plan it is important to focus more on accumulation, Trading our assets is a terrible idea, I know everyone has there reason for trading that is why it is important to have a good financial plans before Investing in Bitcoin

It is not only beginners who should avoid trading, but also those who have been in the crypto industry for a long time also. Trading carries high risks, and it is not only beginners who can lose money, even people claiming to have good knowledge about trading lose money from trading time to time.instead of focusing solely on advising newbies to avoid trading, it’s better for everyone to understand that trading carries significant risks and that anyone can easily lose money, whether they are experienced or just starting out.as for me, rather than encouraging someone to trade, I would suggest they invest their money in Bitcoin. If someone is already investing in Bitcoin, it doesn't make sense for them to trade, as this could lead to the loss of the Bitcoin investment they have been gathering for the long term. Once someone trades and loses the funds they had planned for trading, they might be tempted to dip into their Bitcoin investment.

Trading is high risk and this risk will always be there, everyone has the possibility of losing, even an experienced trader cannot always be in profit, they also face a lot of losses. So, as much as beginners think that trading is easy at first, in fact, it is a very big mistake for them, because because of that thinking, they start trading and start moving towards losses. Because they trade in the hope of profit, suddenly they suffer big losses, and thus their losses continue to increase.
So all in all, Bitcoin investment will be the only best, profitable, and safest asset in the long run, so especially a beginner should always move towards Bitcoin investment in the first place, this will be the best decision for a beginner.

your emphasising on bitcoin investment as a potentially safer and more profitable option for beginners and it is a valuable perspective, let say investing in bitcoin can be more straightforward approach compared to trading  especially for beginners, investing in bitcoin for the long term can help mitigate some risk associated with short term trading.

[Tmoonz]

~Snip

This majorly applies to the investors and not traders, and also from what he said here, we must be able to employ a sustainable withdrawal strategy, which means we are not just only going to sell at any point in time because we feel like doing so, but it must be done on a thorough and orderly manner to which will be a profitable decision for us to sell after adopting the use of a particular selling strategy, i have witnessed some selling at loss, thinking it is more saver for them than to have an elongated loss session on their investment, we have several examples related to when some have made a selling decision at loss and some are making profits in the same way because of the strategy they all used make withdrawal.

Selling at a loss is in fact not a good decision if at the same time they have additional capital to accumulate. I know some holders may be afraid of having their investment value drop any lower due to high selling pressure, but in reality the market will only recover after over selling.

If I have to sell, then I will not sell some, but I will sell everything at the same price and plan to reinvest at a later time. I don't fully know what the purpose of selling some of it is if in the end the held asset is sold at a lower price considering market dynamics that are difficult to predict. Price volatility provides an opportunity for anyone to buy at low prices and sell at high prices, this cycle can be exploited by anyone.

Does this talk lead to panic when there is a price drop that occurs in bitcoin, if true why should you panic selling. Because if you are a long-term investor in bitcoin, you should not sell your assets when there is a price correction or decline. Because remember the goal of long-term investment is definitely more than two cycles, so why should you sell it because you panic. Because basically the price of bitcoin will definitely continue to experience a higher increase even though there will definitely be a correction. So the point is not to instill a trader's mindset when investing in bitcoin. Because it is certain that if a trader's mindset is applied to the investment that we are running in bitcoin, I am sure the results will not be as optimal as investors who are truly total with their determination.

In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.

The mistake that most investors found in this category made is that they don't properly position their minds towards what they are doing, you can't apply the same idea or strategy in dealing with altcoins to bitcoin, that is not possible because is far better and advanced to invest than other cryptocurrencies, now going further on panic, I don't know why there should be panic when we are not new to the system, if the market dips then you hold and when it pumps you sell, there's no need for FOMO because this is what will cause some investors to now go into the actual loss they would have avoided from the first time.

We should not trade in fear, it helps in nothing than to instigate us to lose, because we don't know what to expect and also what may comes in after we have invested, some traders have stand on their ground to the toughest time and ensure that they remained there till it passed and it later turns a profitable one for them, when we are experienced at what we do, we are not going to fall a victim of fear or be intimidated by the market reaction, instead we are going to remain till we turn the table around on our own personal interest and our investment turns a profitable one.

It would have been more better to say when the market dip will buy more (keep buying) and when it pumps will keep buying until the long term goals is achieve and that is what makes you an investor, the dip offers buying more Bitcoin at a lesser price compared to its previous high hence we don't just hold our asset in dip but see as advantage to more Bitcoin and not with the mindset of selling when it pumps, you sounded more like a trader than an investor. An investor maximize every buying opportunities by buying Bitcoin all the time until
 they reach their targets.

[Lembo69]

It is not only beginners who should avoid trading, but also those who have been in the crypto industry for a long time also. Trading carries high risks, and it is not only beginners who can lose money, even people claiming to have good knowledge about trading lose money from trading time to time.instead of focusing solely on advising newbies to avoid trading, it’s better for everyone to understand that trading carries significant risks and that anyone can easily lose money, whether they are experienced or just starting out.as for me, rather than encouraging someone to trade, I would suggest they invest their money in Bitcoin. If someone is already investing in Bitcoin, it doesn't make sense for them to trade, as this could lead to the loss of the Bitcoin investment they have been gathering for the long term. Once someone trades and loses the funds they had planned for trading, they might be tempted to dip into their Bitcoin investment.

Even one of the basic tips of trading is that you have to learn to lose a lot of money to learn and survive in trading. Not only will you lose while learning, but even after becoming an experienced trader, you have a high risk of losing. You will not find traders who have not lost a lot of money. You may find traders who have experienced losing and are now making some profit. However, the number of such traders is very small, because not everyone is ready to lose and cannot survive losing and losing in the end. You will find more failed traders than successful traders who have given up trading due to losing money in the initial stage. I can never advise anyone to get involved in such a practice, rather I will warn them about the high risk of trading and encourage them to stay away from trading.

If you want to get involved in the crypto industry, I will introduce you to Bitcoin investment where you do not have to learn to lose like trading and solve complex problems with market analysis, and even the risk is very low compared to trading. In this case, you have to be a long-term investor and invest consistently. With a very simple strategy like DCA, you will continue to invest and hold for the long term, while also gaining knowledge about risk management and investment management so that you can manage your investments properly. If you are successful in holding for the long term (2-3 cycles or 8-12 years), then your chances of profiting are higher and most of your money is safe here (although no investment is 100% guaranteed to be safe). While I would encourage someone to invest in Bitcoin, I would discourage trading or Bitcoin trading and advise them to refrain.

When we hear about trading, we get a sense of risk in our minds. It seems a bit scary and also exciting when many people make a lot of money with a small amount of money, but do you know that trading is as risky as it is profitable. When a new trader loses his money, his attitude changes immediately about trading. When someone learns new trading, he has to lose a lot of money, because he is not that ignorant about trading in his new state. There are very few people who have been able to make a profit by trading, a trader is always worried which is also risky for the heart. However, I will not discourage any trader, because we do not know who will use his hidden talent through any work and become successful.

However, if anyone wants to invest their money without risk and hassle, then I would definitely advise them to invest in Bitcoin, which was worth over 100k a few days ago, those who bought it for 60k in the past have gained about 40k, you just have to be patient when investing in Bitcoin, if anyone can continue investing through DCA by guessing the market, then they will see bright stars, you should definitely choose a secure wallet while investing in Bitcoin, because you would never want your hard-earned money to be enjoyed by vultures, finally, a smart person will never waste his money in a risky place like trading, if you want to be profitable, investing in Bitcoin will be a wise thing to do.

[Merit.s]

~Snip

This majorly applies to the investors and not traders, and also from what he said here, we must be able to employ a sustainable withdrawal strategy, which means we are not just only going to sell at any point in time because we feel like doing so, but it must be done on a thorough and orderly manner to which will be a profitable decision for us to sell after adopting the use of a particular selling strategy, i have witnessed some selling at loss, thinking it is more saver for them than to have an elongated loss session on their investment, we have several examples related to when some have made a selling decision at loss and some are making profits in the same way because of the strategy they all used make withdrawal.

Selling at a loss is in fact not a good decision if at the same time they have additional capital to accumulate. I know some holders may be afraid of having their investment value drop any lower due to high selling pressure, but in reality the market will only recover after over selling.

If I have to sell, then I will not sell some, but I will sell everything at the same price and plan to reinvest at a later time. I don't fully know what the purpose of selling some of it is if in the end the held asset is sold at a lower price considering market dynamics that are difficult to predict. Price volatility provides an opportunity for anyone to buy at low prices and sell at high prices, this cycle can be exploited by anyone.

Does this talk lead to panic when there is a price drop that occurs in bitcoin, if true why should you panic selling. Because if you are a long-term investor in bitcoin, you should not sell your assets when there is a price correction or decline. Because remember the goal of long-term investment is definitely more than two cycles, so why should you sell it because you panic. Because basically the price of bitcoin will definitely continue to experience a higher increase even though there will definitely be a correction. So the point is not to instill a trader's mindset when investing in bitcoin. Because it is certain that if a trader's mindset is applied to the investment that we are running in bitcoin, I am sure the results will not be as optimal as investors who are truly total with their determination.

In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.

, now going further on panic, I don't know why there should be panic when we are not new to the system, if the market dips then you hold and when it pumps you sell, there's no need for FOMO because this is what will cause some investors to now go into the actual loss they would have avoided from the first time.

We should not trade in fear, it helps in nothing than to instigate us to lose

From your above post, it shows that you are a trader because all what you are pointing to is trading and not investing. If not why would you say that you are holding in the dip so sell when there's a pump in price. This has really shown that you are a gambler and not an investor because you will be a no coiner sometimes when you have sold and could not buy back because bitcoin price is pumping.

Whether you trade in fear or with confidence, it wouldn't change the final outcome in the long run which is losses. It will be better that you change your mindset from trading towards investing because we are using what we have today to invest for our future and not putting what we have today in some high risk/gambling practice. Build your bitcoin portfolio with DCA regularly, consistently and persistently with your discretionary income till you reach your bitcoin target in future.

[Cryptoprincess101]

The mistake that most investors found in this category made is that they don't properly position their minds towards what they are doing, you can't apply the same idea or strategy in dealing with altcoins to bitcoin, that is not possible because is far better and advanced to invest than other cryptocurrencies, now going further on panic, I don't know why there should be panic when we are not new to the system, if the market dips then you hold and when it pumps you sell, there's no need for FOMO because this is what will cause some investors to now go into the actual loss they would have avoided from the first time.

We should not trade in fear, it helps in nothing than to instigate us to lose, because we don't know what to expect and also what may comes in after we have invested, some traders have stand on their ground to the toughest time and ensure that they remained there till it passed and it later turns a profitable one for them, when we are experienced at what we do, we are not going to fall a victim of fear or be intimidated by the market reaction, instead we are going to remain till we turn the table around on our own personal interest and our investment turns a profitable one.

The whole context of your write up is about trading, though if trading works for you then you can stick to it but our discussion in this thread is focus more on how to invest, hodl for a long time despite market sentiments and volatility. That notwithstanding, trading is too risky for one to engage in, and it's time consuming and requires a lot of concentration and efforts and sometimes it can affect your mental health especially when you have encountered too many losses. Those with trading mindsets have nothing to show for and they only get little profits while trading if at all they make profits and it's not even all the time because some days they incur so many losses that affects them emotionally. You talked about being experienced before entering a trade, what is the experience that one can get in trading if not losses and setbacks. No matter how you try to paint trading to be suitable for you, it is not encouraged, and it is a shortcut to poverty because a day will come when you trust a trade so much and entered with a huge amount and you probably lose it which means you will return back to square one and may not have money to continue trading so the best is to make investment, accumulate and hodl for a long period of time and your investment will likely increase with time and you won't stress yourself so much as you do when trading.

[Shadiq]

It would have been more better to say when the market dip will buy more (keep buying) and when it pumps will keep buying until the long term goals is achieve and that is what makes you an investor, the dip offers buying more Bitcoin at a lesser price compared to its previous high hence we don't just hold our asset in dip but see as advantage to more Bitcoin and not with the mindset of selling when it pumps, you sounded more like a trader than an investor. An investor maximize every buying opportunities by buying Bitcoin all the time until
 they reach their targets.

Yes, it is good for an investor to ignore the market and buy at all times of the market. That is, you will buy at all times of the market, as long as you achieve the goal. This is the characteristic of an investor. An investor buys during the market decline and also buys during the market rise. When someone has the mindset of an investor, he keeps looking for buying opportunities at every moment of the market. They are not the ones who panic even during the market decline and decide to sell after a little pump. Rather, they consider the market decline as a profitable time to buy and try their best to increase the portfolio. Even during the market pump, they use the market positively and maintain continuity in investment without considering buying.

When someone considers buying during the dip or the fall and thinks it is best to sell during the pump or the market rise, basically they are not investing but they are trading. In such a practice, a person is always chasing short-term gains and putting their money at risk. Although long-term investments take more time, your risk is less and you have the potential to get more profit. What's more, your consistent investment will eventually take a shape that you never imagined.

[JayJuanGee]

edited out

Everyone certainly has their own reasons for selling when they have seen profit, but of course this has changed the planning they have made before, but if only they could still hold on longer according to the plan when they bought, of course the profit they got would be greater than selling now.
I agree with you to avoid trading as a beginner because the risk of losing the money we have is very large, but when planning to hold it for the long term, of course we have to make good plans and continue investing until we reach the profit target we want.

What are you going to do once you reach the target level that you want?  Sell?

[edited out]

In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.

Ok.  Let's say that right now you have a goal to accumulate 10 bitcoin, and so if you had 10 bitcoin right now, then you will have had reached your target accumulation level.  Then what are you going to do?

I am a little confused about who or what situation you might be talking about.  Surely, if BITCOIN4X had been accumulating $350 worth of bitcoin every week since his forum registration date, then right now, he would have had invested $130k (which is quite a lot) and accumulated about 9.3 BTC, so he would be close to reaching 10 BTC, perhaps in the next couple of years.  For sure anyone who has spent 7-ish years or more accumulating bitcoin may well would have had a combination of DCA amounts and also various lump sum amounts along the way... Perhaps, depending on the level of aggressiveness and also depending on the kind of cashflow the person might have had.

Surely it is different to proclaim how many BTC a guy might want to have right now and then to figure out how close he is to such goal, or perhaps to have a target into the future that might have a general timeline and a general amount for reaching such target... but then there still would be the question of what to do once reaching the target.

I agree with your overall point to not get distracted in terms of selling prior to reaching the goal, yet I still have some troubles to consider the meaning of a goal of 10 Bitcoin in the abstract since 10 bitcoin 1-3 years ago within the time of your forum registration does not mean the same as 10 bitcoin 7 years ago, versus today or even into the future what will be the meaning of 10 bitcoin.  Sure, I don't have any problem with guys formulating bitcoin quantity goals, but they also likely need to consider their bitcoin quantity goals within a context of their dollar value or perhaps the number of years of income such bitcoin might represent.

I also understand that you might choose 10 bitcoin because it is a round number, but it seems that even a guy who had been accumulating bitcoin fairly aggressively would have had a hard time accumulating even 10 bitcoin within the past 7 years or so, even though surely he might have had been able to front load his investment in 2018, 2019 and/or 2020, which may well have had gotten him a lot closer towards reaching a 10 Bitcoin or even higher amount.    A guy in 2018 could have had bought bitcoin anywhere between $3,200 and $6k without too much difficulty if he would have had capital available, and so $32k to $60k are not very large amounts of money to buy 10 BTC during that time as compared with how much it would have had cost to spread out the amounts (the $130k listed above) or even the $850k that it would take at today's prices... so no matter what either frontloading the investment or trying to invest over time would still have had resulted in quite greater profitability of the BTC holdings today.

And, even if someone were to have something like 10 BTC.  Right now, the 200-WMA value of such 10 BTC stash would be right around $460k, which from my own perspective would be enough to justify a sustainable (and even perpetual) $46k per yer withdrawal rate... so it is not a bad place to be, even though that level of income might not be quite enough for someone to feel rich, so they might either need to accumulate more BTC or to allow some more pasage of time for their sustainable withdrawal rate to go up based on that same quantity of BTC.

[edited out]

I think this is the standard care for someone not understanding the concept of opportunity cost very well. Whether I am in profit or not does not matter too much when I understand what I invested in and conclude that the upside potential is still outweighing the short term financial gain from divesting.

The funny part about bitcoin is that it has proven wrong those who thought the upside potential would not outweigh their short term financial gain or their desire for short term pleasure anymore. We are now in a similar environment when bitcoin goes a bit up and down, people begin feeling unsure about their position and they question the upside potential while also changing the premises based on which they once decided to invest.

Yep.. Even some relatively long term investors get shaken out of way too many of their bitcoin during these kinds of times of price volatility that includes decent size corrections and then failure of the BTC price to go up as they had been anticipating.

Zooming out should show that we are in an amazing place, even though a lot of folks still get shaken out of a lot of their holdings, and surely there are even a decent number selling at a loss, too.

Opportunity cost has been tremendous and even worse so for those who sold their bitcoin and bought something like a car that suffers from depreciation, which means they sell an asset with upside potential to then buy an asset that loses in value over time. If someone buys a house and rents it out, then so be it if economic circumstances led them to think that decision would be best for them personally. But so far I am not sure there was a situation when bitcoin was high and real estate was low. Real estate prices went through the roof when bitcoin went through the roof because of that low interest rate environment.

Surely folks are tempted by houses and cars, and each of them might have some utility value, but yeah, there can be miscalculations in regards to what they are worth and how costly of a car or house is needed and even if many houses actually appreciate in value rather than potentially just holding their value, but then accounting for many of the maintenance costs and other costs, there can be losses with houses that are not always appreciated when going through the calculations.

For example, if we might have had wanted to buy a $300k house back in 2019, then maybe we might have had spent anywhere between 30 to 90 bitcoin on such a house (of course depending on exactly when we bought such house), yet even if the house price had doubled in the past 6 years and now such house is worth $600k,, right now such house would ONLY cost us right around 7 BTC... so it sometimes can be difficult to measure which asset is better to hold, and people will frequently proclaim that merely because bitcoin has appreciated at such levels in the past, it does not mean that bitcoin is going to out perform houses in the future.  Many times folks are employing faulty thinking and failure/refusal to actually appreciate what has been happening in bitcoin, what continues to happen in bitcoin, and what is likely to happen in the future.

Sure, there is no problem considering that bitcoin's rate of appreciation is not likely to go up as much as it had done historically, yet at the same time, there should not be any big stretches of imagination needed to continue to recognize that bitcoin remains a better place to put value... but yeah, people are not going to believe it, and so those of us investing into bitcoin or going to continue to enjoy the benefits of asymmetric information, even though anyone has equal opportunities to study bitcoin so that they can get started and get off of zero rather than continuing to remain sitting on the sidelines.. and continuing to be screwed by the ongoing debasement of the dollar and dollar related assets.

Ultimately it doesn't matter what other people do as long as they are not one of these trolls on social media advising everyone to do the same as they do. Some people made life-changing money and that is good for them if they are in peace with their decision, but the majority of people I talk to share the same problem, sold too early and reget it and they could have decided otherwise. Some have to sell as special circumstances can occur beyond what someone's risk assessment was at first, but that doesn't apply to the maority.

Sometimes we might consider that many folks might improve their situation by adjusting their position size, but much of their problem relates to failure/refusal to study the asset that they are invested into in order to recognize and/or appreciate what they are holding. So surely, I have no problem with folks who may well choose to not study deeply into bitcoin when they are first getting started and while they are establishing their cashflow management systems; however, as they invest and the more value that they have invested into bitcoin,  they should become inspired to know more and more about the asset in which they had invested, but they end up not knowing much if anything about bitcoin beyond number go up, and so when number does not continue to go up within their expectations (timeline and/or quantity), they abandon ship.

Risk taking capacity has huge impact though and that is why the rich get richer. They don't have the same thoughts when their bitcoin investment went up 100x as someone who has less risk taking capacity and feels bad about holdig because of fearing to lose it when simultaneously that person believes in the investment to increase in price further.

It surely does help when folks have more discretionary income (or even wealth) in which they can work with, even though surely anyone can benefit greatly from bitcoin as long as they have a discretionary income, and many times, poor people will tend to have way less discretionary income, yet there still might be some poor people who have a lot of discretionary income, but they are just managing their discretionary income in inferior ways.

~Snip

This majorly applies to the investors and not traders, and also from what he said here, we must be able to employ a sustainable withdrawal strategy, which means we are not just only going to sell at any point in time because we feel like doing so, but it must be done on a thorough and orderly manner to which will be a profitable decision for us to sell after adopting the use of a particular selling strategy, i have witnessed some selling at loss, thinking it is more saver for them than to have an elongated loss session on their investment, we have several examples related to when some have made a selling decision at loss and some are making profits in the same way because of the strategy they all used make withdrawal.

Selling at a loss is in fact not a good decision if at the same time they have additional capital to accumulate. I know some holders may be afraid of having their investment value drop any lower due to high selling pressure, but in reality the market will only recover after over selling.

If I have to sell, then I will not sell some, but I will sell everything at the same price and plan to reinvest at a later time. I don't fully know what the purpose of selling some of it is if in the end the held asset is sold at a lower price considering market dynamics that are difficult to predict. Price volatility provides an opportunity for anyone to buy at low prices and sell at high prices, this cycle can be exploited by anyone.

Does this talk lead to panic when there is a price drop that occurs in bitcoin, if true why should you panic selling. Because if you are a long-term investor in bitcoin, you should not sell your assets when there is a price correction or decline. Because remember the goal of long-term investment is definitely more than two cycles, so why should you sell it because you panic. Because basically the price of bitcoin will definitely continue to experience a higher increase even though there will definitely be a correction. So the point is not to instill a trader's mindset when investing in bitcoin. Because it is certain that if a trader's mindset is applied to the investment that we are running in bitcoin, I am sure the results will not be as optimal as investors who are truly total with their determination.

In addition, about selling, maybe this can indeed be done when our accumulation goal has been achieved. For example, if you intend to have 10 bitcoins by using the DCA purchase strategy. So before that goal is achieved, I think you shouldn't think too much about taking advantage. Because if before the target is achieved you have started selling your bitcoins, the results of your bitcoin investment profits will definitely not be optimal (although gradually). That is why before we reach our target (the number of bitcoins we want to own), it is better for us to focus on continuing to accumulate.

The mistake that most investors found in this category made is that they don't properly position their minds towards what they are doing, you can't apply the same idea or strategy in dealing with altcoins to bitcoin, that is not possible because is far better and advanced to invest than other cryptocurrencies, now going further on panic, I don't know why there should be panic when we are not new to the system, if the market dips then you hold and when it pumps you sell, there's no need for FOMO because this is what will cause some investors to now go into the actual loss they would have avoided from the first time.

We should not trade in fear, it helps in nothing than to instigate us to lose, because we don't know what to expect and also what may comes in after we have invested, some traders have stand on their ground to the toughest time and ensure that they remained there till it passed and it later turns a profitable one for them, when we are experienced at what we do, we are not going to fall a victim of fear or be intimidated by the market reaction, instead we are going to remain till we turn the table around on our own personal interest and our investment turns a profitable one.

It would have been more better to say when the market dip will buy more (keep buying) and when it pumps will keep buying until the long term goals is achieve and that is what makes you an investor, the dip offers buying more Bitcoin at a lesser price compared to its previous high hence we don't just hold our asset in dip but see as advantage to more Bitcoin and not with the mindset of selling when it pumps, you sounded more like a trader than an investor. An investor maximize every buying opportunities by buying Bitcoin all the time until they reach their targets.

Whoops.  I accidentally merited that post, and I had not noticed the dumb trading advice contained within that post... and also mixing up ideas of trading and investing while acting like a trader can also be an investor, even though traders talk like that all of the time, and they cannot figure out systems to minimize and/or limit their trading.. so for example, if they admit that they trade, yet they limit their trading to only 10% of the size of their bicoin holdings, I might be albe to accept that they are mostly an investor..

[edited out]

The whole context of your write up is about trading, though if trading works for you then you can stick to it but our discussion in this thread is focus more on how to invest, hodl for a long time despite market sentiments and volatility. 

I agree with almost all of the points that you made in your post, except I would suggest that this thread is not just about investing - since the opening post from March 2024 (around the top of the price rise into the lower $70ks) was questioning whether to buy or sell bitcoin when we were in the $60k price region, and so from the OP there was a bit of a presumption that trading bitcoin might be an acceptable way to deal with bitcoin price volatility or even a way to build your bitcoin holdings...or to just completely get out of bitcoin with a sense that the top was already in.. which retrospectively, we can see would have had been a dumb idea to sell most if not all of your BTC in the $60k price range and then end up a low coiner or a no coiner when in the past 6-ish months, we had risen out of the $60ks and passed through the $70ks and went into the $80ks, $90ks and the lower $100ks.

Surely in this thread, a lot of members have been arguing that investing into BTC is better than trading BTC, but the fact that many members are preferring investment over trading does not change that the sentiment from the opening post that does not rule out trading of BTC to be something that might be done.. including just buying bitcoin and then getting out of it when the price rises, which also seems a bit ridiculous to any of us investing in bitcoin and considering bitcoin to be a great place to put and keep value for long periods of time..

Members who are arguing trading in this thread or their preference for trading would not be off-topic, even though surely many of the traders also like to get into shitcoins, which shitcoins would not be on topic, even though there still can be some acceptable deviance from the topic that would not be necessariy pushing some off topic discussion, while mostly staying on topic.