Buy Buy Buy or Sell Sell Sell?

[Mayor of ogba]

Bitcoin should be aimed at long term always, investing aggressively in any slight market opportunities is just another form of trading because you would like to watch it go far beyond your buy price; Trading! DCA is all the best of you wish to keep a long-term investment.

No doubt the DCA strategy is a good strategy when it comes to bitcoin investment. You can buy bitcoin with the DCA strategy anytime without waiting for an entry point, but it won't guarantee you will hold your bitcoin investment for the long term. If you want to succeed in bitcoin investment and hold it for the long term, you need a steady income that will always cover your daily expenses and give you a discretionary income you will use to invest in bitcoin consistently and build up your bitcoin investment. If you have these two things and you discipline yourself to always accumulate bitcoin with your discretionary income, you will have no problem holding your bitcoin investment for the long term.

It is certain that investment strategy never guarantees or increases the chances of success in investment. Your chances of success depend on how strategic you are in maintaining your investment. The most important thing in investment is to be long-term. Starting investment is very easy, just because you started investing does not mean that you will be successful in investment.

We should give the most importance to how we can maintain investment for a long time. Then we should give the most importance to achieving our goals. To maintain investment for a long time, you need a stable income that will provide you with prudent money for investment after regular daily expenses and keep your necessary backup funds ready. Emergency fund is one of the backup funds, which is essential for an investor to keep ready. Then you can create some funds as needed or keep a large amount of cash flow in reserve. Stable income helps you to be consistent in investment along with prudent money, which is important for an investor.

Stable income is the reason for the DCA strategy. The use of discretionary income makes it easier for you to scarcely think of your investments. Bitcoin investment is not a total get rich fast program. It's more of a way of investing your excesses to curtail unnecessary spendings. When you have invested the right way, you seem not to think about it  and however allows you to invest for long.

Stable income is not the reason for an investor to adopt the DCA strategy when investing in Bitcoin. If you are investing in Bitcoin with either the DCA strategy, lump sum strategy, or buying the dip strategy, you need a stable income that will give you a discretionary income to invest in Bitcoin and also allow you to solve your daily expenses so that you won't have to run to sell your Bitcoin investment anytime you are in need, which will one day get you off the game, and you will be left with no Bitcoin in your disposal or self-custodial wallet. So having a stable income is one of the keys to a long-term investment in Bitcoin.

[Doan9269]

Have you being considering on buying bitcoin, then take into consideration these few advise.

• Have a designated fund for your investment and ensure that you don't rush to invest, instead find a suitable entry point and buy the dip, additional, you can use the DCA strategy if you think its more convenient for you to buy steadily and not at once
  

If you are a low coiner or a no coiner, it is better to get started right away.  So yeah, that could be considered a rush to get started right away.

That's true, the starting point is now and we can just apply DCA to accumulate gradually as we have our inflow of income and taking advantage on buying the dip, but at the end, we should be able to hold for a while in other to make more profits after our investment had been made.

You, Doan9269, are barely reaching your first whole cycle of being registered on the form, and perhaps you were able to reach overaccumulation status, if you had frontloaded your bitcoin investment.  Otherswise, I doubt it.  You likely are still needing to accumulate bitcoin, so your inclination to describe trading tactics is likely not only appropriate for most beginners, it may also not be very applicable to your own personal financial situation, either.  Of course, I cannot know your particulars, so it could have had been possible that you were able to significantly front load your bitcoin investment and to get yourself to a status of overaccumulation.  Perhaps? perhaps?

How do you know Jay, i must admit that you're a seer in this regard, because your many years of experience has helped a lot in developing even foresights to know the actual condition on investment and stages we all might have been on this altogether, but from here, i think i have learnt a number of things and be able to start from the little i could as i accumulate, because the future ahead will have to depend on whatever thing we invested on today, thanks to Satoshi for bringing this initiative and this thread for enlightenment whereby so many have utilize it well for what they have today.

• Also, consider that you have made the right decision in going for bitcoin and choosing of a non custodial wallet for your holding, avoid fear of unnecessary demand, fear of missing out , because they can push you into making a hasty decision on selling when it is not yet time to do so, therefore its important we develop a more thicker skin as investors as the market reacts on many things happening around.

One way to avoid sensations of fear of missing out (FOMO) is to ongoingly buy bitcoin... any guys who are insufficiently/inadequately preparing for up run the risk of putting themselves into a situation of experiencing FOMO.

You're right, how many are interested in bitcoin and still have the tenacity of withstanding the rigorous challenges while still holding.

[Y3shot]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

It's either ways and one thing is we all have different decision making process and what best suit your preference is what you go for. Likes of me i think it could be sell time and buy time depending how long you've accumulated your coins and if you can be able to sturdy the market very well to know when  the coin is appreciating then you can as well sell at profits and vice versa.

I don't think that studying the market is of any importance to long-term investors, because that wouldn't help them in any way to increase the size of their bitcoin portfolio rather it will be a distraction to them on focusing on their bitcoin target. A new investor shouldn't think of selling or profits, rather he should think on how he can keep his bitcoin investment accumulation ongoing, regularly, consistently and persistently for 4-10 years and above in order for him to reach his bitcoin target.

If you buy and because you are in profits and you sell, it means you are a trader and traders are only gambling with their funds because in the long run, you will end up with little or no bitcoin sinceyou are after little profits and you will always sell whenever you see profit planning to buy back again at a cheaper price. Have a bitcoin target and accumulate bitcoin with your discretionary income overtime for your future because bitcoin price will be very high in future than what we are seeing.

The only time that a long term investor should sell little part of his bitcoin is when he has reached his over accumulation stage and when selling, you sell very little from your bitcoin investment so that you don't sell too many bitcoin too soon and end up in regrets later.

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

[nemesis_incarnate]

Stable income is not the reason for an investor to adopt the DCA strategy when investing in Bitcoin. If you are investing in Bitcoin with either the DCA strategy, lump sum strategy, or buying the dip strategy, you need a stable income that will give you a discretionary income to invest in Bitcoin and also allow you to solve your daily expenses so that you won't have to run to sell your Bitcoin investment anytime you are in need, which will one day get you off the game, and you will be left with no Bitcoin in your disposal or self-custodial wallet. So having a stable income is one of the keys to a long-term investment in Bitcoin.

Knowledge brings the idea and the need for income to sustain the steady accumulation.

Because otherwise, the investment would need to be dropped in some instances, and the person in question would be at a loss.

[Tamaperdana]

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

Yes, a Bitcoin investor must certainly focus on accumulating his Bitcoin, but monitoring the Bitcoin market occasionally is certainly not wrong with that action. Because, an investor must also know the development of the assets he has invested in, as well as Bitcoin. However, what may need to be underlined, when we monitor the Bitcoin market price, we should not be too complacent to the point of thinking about stopping routine accumulation or DCA and choosing the buy option only when there is a decline. In my opinion, that is the bad impact that can occur if someone is too complacent when monitoring the Bitcoin market price. So this is where we must be strong with our initial goal to continue doing DCA and not waver even though we like to see the Bitcoin market price every now and then. In addition, the worst impact that can occur if we are too complacent in seeing the Bitcoin market price is turning into a trader. And in my opinion, this impact is much worse. So we have to think realistically and must stay on the path we are taking, namely long-term investment in Bitcoin.

[ejikeme24]

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

Yes, a Bitcoin investor must certainly focus on accumulating his Bitcoin, but monitoring the Bitcoin market occasionally is certainly not wrong with that action. Because, an investor must also know the development of the assets he has invested in, as well as Bitcoin.

Whether occasionally or not In my opinion I don't feel like monitoring the market is a wise idea, because most of this investors that get used to monitoring the market today Once have this mindset of doing it occasionally but at some point they became used to it, which is why most of them decide to sell off there bitcoin in panick,  So  monitoring the market is not supposed to be recommended here. However Bitcoin is now primarily regarded as a store of value, and also considering the uptrend of bitcoin, this is supposed to be enough reasons why we shouldn't keep disturbing ourselves in trying to monitor the market, for me I feel like monitoring the market is a waste of time regardless to how Investors choose to do it...........and for how long will you continue monitoring the market when you and I already know that bitcoin investment involves holding it for long term? I personally think that this method is only recommended for traders and not bitcoin investors.

[Tonimez]

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

Yes, a Bitcoin investor must certainly focus on accumulating his Bitcoin, but monitoring the Bitcoin market occasionally is certainly not wrong with that action. Because, an investor must also know the development of the assets he has invested in, as well as Bitcoin.

Whether occasionally or not In my opinion I don't feel like monitoring the market is a wise idea, because most of this investors that get used to monitoring the market today Once have this mindset of doing it occasionally but at some point they became used to it, which is why most of them decide to sell off there bitcoin in panick,  So  monitoring the market is not supposed to be recommended here. However Bitcoin is now primarily regarded as a store of value, and also considering the uptrend of bitcoin, this is supposed to be enough reasons why we shouldn't keep disturbing ourselves in trying to monitor the market, for me I feel like monitoring the market is a waste of time regardless to how Investors choose to do it...........and for how long will you continue monitoring the market when you and I already know that bitcoin investment involves holding it for long term? I personally think that this method is only recommended for traders and not bitcoin investors.

When anyone starts seeking for immediate all-knowing about bitcoin, he is already having that traders mindset. Panic sales don't just happen in a day, this is a product of continuous market monitoring and speculative investment. Anyone who invest with the intention to Hodl for long, won't spare a time to watch the chart. A true understanding of bitcoin would allow you know that bitcoin volatility means that price that's up today could be down tomorrow and vice versa; it would also allow you to understand that no matter how long a market correction occurs, the probability of a new ATH is still extreme and could only be achieved in long-term holding.

Investing to monitor is exhausting and also a trading skill. Some investors with trading mindset would hardly survive in long-term bitcoin process.

[Jewan420]

When anyone starts seeking for immediate all-knowing about bitcoin, he is already having that traders mindset. Panic sales don't just happen in a day, this is a product of continuous market monitoring and speculative investment. Anyone who invest with the intention to Hodl for long, won't spare a time to watch the chart. A true understanding of bitcoin would allow you know that bitcoin volatility means that price that's up today could be down tomorrow and vice versa; it would also allow you to understand that no matter how long a market correction occurs, the probability of a new ATH is still extreme and could only be achieved in long-term holding.
Investing to monitor is exhausting and also a trading skill. Some investors with trading mindset would hardly survive in long-term bitcoin process.

Price list monitoring does not have any harmful effect on investment, if you invest with unnecessary money and commit for a long time. If you invest with necessary money and you invest with trading mentality then the market list will be harmful for you, rather your thinking is somewhat harmful. For investment, you have to add your money to your portfolio in such a way that you feel like you are putting the money in a box that is impossible to open before a certain time. That is, forget about the money after investing and wait for the goal to be achieved. If you monitor the price list again and again during this time, you may not have any problem.

[Makus]

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

Yes, a Bitcoin investor must certainly focus on accumulating his Bitcoin, but monitoring the Bitcoin market occasionally is certainly not wrong with that action. Because, an investor must also know the development of the assets he has invested in, as well as Bitcoin.

Whether occasionally or not In my opinion I don't feel like monitoring the market is a wise idea, because most of this investors that get used to monitoring the market today Once have this mindset of doing it occasionally but at some point they became used to it, which is why most of them decide to sell off there bitcoin in panick,  So  monitoring the market is not supposed to be recommended here. However Bitcoin is now primarily regarded as a store of value, and also considering the uptrend of bitcoin, this is supposed to be enough reasons why we shouldn't keep disturbing ourselves in trying to monitor the market, for me I feel like monitoring the market is a waste of time regardless to how Investors choose to do it...........and for how long will you continue monitoring the market when you and I already know that bitcoin investment involves holding it for long term? I personally think that this method is only recommended for traders and not bitcoin investors.

When anyone starts seeking for immediate all-knowing about bitcoin, he is already having that traders mindset. Panic sales don't just happen in a day, this is a product of continuous market monitoring and speculative investment. Anyone who invest with the intention to Hodl for long, won't spare a time to watch the chart. A true understanding of bitcoin would allow you know that bitcoin volatility means that price that's up today could be down tomorrow and vice versa; it would also allow you to understand that no matter how long a market correction occurs, the probability of a new ATH is still extreme and could only be achieved in long-term holding.

Investing to monitor is exhausting and also a trading skill. Some investors with trading mindset would hardly survive in long-term bitcoin process.

You're quite correct but I disagree with some of your points. Monitoring the market might sometimes lead to discouragement in holding continuously for newbie and not an investor who has made up his mind and is discipline enough to stick to his target. Watching the market personally gives me an edge to buying the dip even while using the DCA strategy. That is mixing up two strategies to accumulate at a much better price. Though every investor with their preferences and the strategy that's best for them but I believe an investor who isn't determined and discipline enough can't hold bitcoin for long irrespective of them watching the market price or not, it all boils down to discipline. Without discipline no investor would stick to their constant accumulation or constant application of risk management, they’re likely to invest based on their emotions and investments with emotion usually don't last long.

[Derekfunds]

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

Yes, a Bitcoin investor must certainly focus on accumulating his Bitcoin, but monitoring the Bitcoin market occasionally is certainly not wrong with that action. Because, an investor must also know the development of the assets he has invested in, as well as Bitcoin.

Whether occasionally or not In my opinion I don't feel like monitoring the market is a wise idea, because most of this investors that get used to monitoring the market today Once have this mindset of doing it occasionally but at some point they became used to it, which is why most of them decide to sell off there bitcoin in panick,  So  monitoring the market is not supposed to be recommended here. However Bitcoin is now primarily regarded as a store of value, and also considering the uptrend of bitcoin, this is supposed to be enough reasons why we shouldn't keep disturbing ourselves in trying to monitor the market, for me I feel like monitoring the market is a waste of time regardless to how Investors choose to do it...........and for how long will you continue monitoring the market when you and I already know that bitcoin investment involves holding it for long term? I personally think that this method is only recommended for traders and not bitcoin investors.

When anyone starts seeking for immediate all-knowing about bitcoin, he is already having that traders mindset. Panic sales don't just happen in a day, this is a product of continuous market monitoring and speculative investment. Anyone who invest with the intention to Hodl for long, won't spare a time to watch the chart. A true understanding of bitcoin would allow you know that bitcoin volatility means that price that's up today could be down tomorrow and vice versa; it would also allow you to understand that no matter how long a market correction occurs, the probability of a new ATH is still extreme and could only be achieved in long-term holding.

Investing to monitor is exhausting and also a trading skill. Some investors with trading mindset would hardly survive in long-term bitcoin process.

Monitoring the market is not bad and it can not make a real investor to sell his or her holding because they already know what they signed up for and they have also determined to hold for a specific period of time. A trader is always a trader and an investor is always an investor so no matter how an investor monitor the market they can never be tempted to sell and the reason an investor monitors the market is different from why a trader is monitoring the market, traders monitors the market to see if they are on profit so that they can sell why that is far from an investor mindset.

[Joy- maker]

When anyone starts seeking for immediate all-knowing about bitcoin, he is already having that traders mindset. Panic sales don't just happen in a day, this is a product of continuous market monitoring and speculative investment. Anyone who invest with the intention to Hodl for long, won't spare a time to watch the chart. A true understanding of bitcoin would allow you know that bitcoin volatility means that price that's up today could be down tomorrow and vice versa; it would also allow you to understand that no matter how long a market correction occurs, the probability of a new ATH is still extreme and could only be achieved in long-term holding.
Investing to monitor is exhausting and also a trading skill. Some investors with trading mindset would hardly survive in long-term bitcoin process.

Price list monitoring does not have any harmful effect on investment, if you invest with unnecessary money and commit for a long time. If you invest with necessary money and you invest with trading mentality then the market list will be harmful for you, rather your thinking is somewhat harmful. For investment, you have to add your money to your portfolio in such a way that you feel like you are putting the money in a box that is impossible to open before a certain time. That is, forget about the money after investing and wait for the goal to be achieved. If you monitor the price list again and again during this time, you may not have any problem.

sincerely speaking you have confused me with this your write up above and am finding it difficult to comprehend, but all I have to say is that, as a newbie who is just getting started with bitcoin what should be your focus is to be buying bitcoin consistently using the DCA method and forget about monitoring the market to enable you  accumulate a good portion of bitcoin to hold for long term 4 to 10 years or more, and secondly only buy bitcoin with your discretionary income after settling your needs and expenses, don't use the money for your need and expenses to buy bitcoin and don't also use your emergency fund to accumulate bitcoin, for it will endanger your bitcoin investment and lead to selling your bitcoin investment at early stage of accumulation which will land you will in lost.

[Gost ms]

sincerely speaking you have confused me with this your write up above and am finding it difficult to comprehend, but all I have to say is that, as a newbie who is just getting started with bitcoin what should be your focus is to be buying bitcoin consistently using the DCA method and forget about monitoring the market to enable you  accumulate a good portion of bitcoin to hold for long term 4 to 10 years or more, and secondly only buy bitcoin with your discretionary income after settling your needs and expenses, don't use the money for your need and expenses to buy bitcoin and don't also use your emergency fund to accumulate bitcoin, for it will endanger your bitcoin investment and lead to selling your bitcoin investment at early stage of accumulation which will land you will in lost.

DCA is an investment method. To invest, a person can invest using any investment method he wants. We should never say that you should buy using the DCA method or a newbie should buy using the DCA method. A person can buy using any method.

It is not wrong to observe the market. I think that a new investor who has complete faith in Bitcoin will not have any problem even if he analyzes the market. Because when the market falls, new investors who do not have faith in Bitcoin become restless and decide to sell their investments. When someone has faith in Bitcoin, no matter how much he sees the market fall, he will not panic, and will not sell his holdings. A few days ago, during the fall, many people became restless and sold their investments just because they did not have faith in Bitcoin. Now they may be regretting their foolishness.

[Zackz5000]

DCA is an investment method. To invest, a person can invest using any investment method he wants. We should never say that you should buy using the DCA method or a newbie should buy using the DCA method. A person can buy using any method.

There are several strategies which an investor can adopt while accumulating Bitcoin but why the DCA strategy is mostly adopted by Investor is because DCA strategy is a multipurpose option and more suitable to use since through the DCA strategy an investor can accumulate Bitcoin irrespective of bitcoin price be it high or low a DCA user is always in the market.

Saying that an investor can use any method to accumulate Bitcoin may send a negative thought to the mind of some newbies since buying the dip is also one the accumulating option believing that the buying only the dip will also be a good buying option, as a newbie buying the dip strategy shouldn't be your thing but consistently and persistently accumulating Bitcoin using the DCA strategy should be your accumulating method then can decide to lump sum when there is an extra funds or unexpected huge amount of money came across you then you can choose to lump sum, i think those who can actually be using the buy the dip strategy are those Investors who has accumulated enough Bitcoin or has gotten to their limit that is if they chooses to.

[tiCeR]

[edited out]

Bitcoin has only limited supply of 21 million with only 10% of it remaining to mine so there is no such thing as over accumulation for me. We should accumulate bitcoin as much as we can. Doing DCA strategy using our spare amount of money after paying the essential expenses is the best approach to increase our holdings without risking our financial security. DCA also is less stressful as you don't need to time the market waiting for the bottom to buy. We're still at the early stage of bitcoin's mass global adoption. There's still plenty of room to grow. In 5 or 10 years, once more countries become interested in bitcoin, it's still possible for its price to increase double, triple, or maybe even higher. Our aim for now while accumulating is to be patient and believe in bitcoin's long-term potential.

If something is scarce (or rare), then you don't need a lot of it in order for it to be an asymmetric bet to the upside.  Of course, bitcoin is currently divisible by 100 million, so each bitcoin has 100 million satoshis, so you may still feel that you have a lot of satoshis, even if you have less than a whole bitcoin.

Logically it does not make sense to me that some folks might have had reached a status of overaccumulation of their bitcoin, since there is likely some value to spend your bitcoin rather than to die with them, but hey, whatever, you can think about the matter however you like in terms of your  thinking that overaccumulation is not possible to achieve with bitcoin merely because it is amongst the most (if not the most) scarce of assets known to man.

Remember the times when everyone thought that 1 mbtc is like having dust lying around the wallet. I have never looked it up, but I can imagine that lots of wallets have been abandoned or not been paid attention to because back at the time there was only 1 or 2 mbtc left in it. I am sure that a lot of consolidation transactions took place when bitcoin began to rise to these impressive prices.

I expect something similar for satoshis to happen. 1 satoshi is roughly 0.1 cents now.

Satoshi (sats)      Bitcoin                        U.S. Dollar
1 Satoshi            0.00000001 Bitcoin      $0.000941
10 Satoshi          0.00000010 Bitcoin      $0.00941
100 Satoshi         0.00000100 Bitcoin      $0.0941
1,000 Satoshi      0.00001000 Bitcoin      $0.941

If bitcoin goes 10x, and this can happen faster than many people think, 1 satoshi is 1 cent.

I have been around when nobody was talking about 1 mbtc (millibits), now it has become the standard unit in most cases. The next step will be μBTC (bits = 100 satoshi) and that is when 10x is achieved and 1 bit is around $10.

That is why I recommend not treating any smaller left over amounts in wallets as dust and instead make sure private keys are kept and not thrown due to the disbelief that it could ever become worth something. I am sure there are so many dead bitcoin wallets out there when owners thought it is not worth noting the PKs because those few thousand satoshis aren't worth it.

 

[I_Anime]

Stable income is not the reason for an investor to adopt the DCA strategy when investing in Bitcoin. If you are investing in Bitcoin with either the DCA strategy, lump sum strategy, or buying the dip strategy, you need a stable income that will give you a discretionary income to invest in Bitcoin and also allow you to solve your daily expenses so that you won't have to run to sell your Bitcoin investment anytime you are in need, which will one day get you off the game, and you will be left with no Bitcoin in your disposal or self-custodial wallet. So having a stable income is one of the keys to a long-term investment in Bitcoin.

Knowledge brings the idea and the need for income to sustain the steady accumulation.

Because otherwise, the investment would need to be dropped in some instances, and the person in question would be at a loss.

Yeah having a stable income is an advantage when it comes  to bitcoin investment , but still without stable income you can also accumulate bitcoin, but in this case one will have to focus on lumpsum buying because you won’t be able to keep up with dcaing purchases due to the lack of stable income .

But in such case the best thing to do is to find a job or workout a skill that will help to cover that space , if you have a job you are earning from , you can take your time to improve or learn any skill that will serve as other sources with that you be able to keep up with your investment with your daily life activities.

Edited:

Remember the times when everyone thought that 1 mbtc is like having dust lying around the wallet. I have never looked it up, but I can imagine that lots of wallets have been abandoned or not been paid attention to because back at the time there was only 1 or 2 mbtc left in it. I am sure that a lot of consolidation transactions took place when bitcoin began to rise to these impressive prices.

I expect something similar for satoshis to happen. 1 satoshi is roughly 0.1 cents now.

Satoshi (sats)      Bitcoin                        U.S. Dollar
1 Satoshi            0.00000001 Bitcoin      $0.000941
10 Satoshi          0.00000010 Bitcoin      $0.00941
100 Satoshi         0.00000100 Bitcoin      $0.0941
1,000 Satoshi      0.00001000 Bitcoin      $0.941

If bitcoin goes 10x, and this can happen faster than many people think, 1 satoshi is 1 cent.

I have been around when nobody was talking about 1 mbtc (millibits), now it has become the standard unit in most cases. The next step will be μBTC (bits = 100 satoshi) and that is when 10x is achieved and 1 bit is around $10.

That is why I recommend not treating any smaller left over amounts in wallets as dust and instead make sure private keys are kept and not thrown due to the disbelief that it could ever become worth something. I am sure there are so many dead bitcoin wallets out there when owners thought it is not worth noting the PKs because those few thousand satoshis aren't worth it.

I literally experience this before the bullrun started I usually do some swapping of token so then when I swap any token to bitcoin in my exchange there’s always this leftover of small unit of bitcoin and I don’t even take notice of them , so when the bullrun started I was having like 4,168 sats and I was not aware of it but after the surging in prices to the range of $60k I found out that I was having an extra $2.5 , then I found out that it was those little unit I didn’t even care to notice that have increased to that $2.5 , the funny thing is that one day may be it would have turn $4168 , then bitcoin price would be in the price range o $100,000,000 ( just saying ).

So is good to always keep your seed phrase safe , because one day that unit of bitcoin you considered small may turn up to be something beautiful someday .

[skarais]

~~~

Yeah having a stable income is an advantage when it comes  to bitcoin investment , but still without stable income you can also accumulate bitcoin, but in this case one will have to focus on lumpsum buying because you won’t be able to keep up with dcaing purchases due to the lack of stable income .

But in such case the best thing to do is to find a job or workout a skill that will help to cover that space , if you have a job you are earning from , you can take your time to improve or learn any skill that will serve as other sources with that you be able to keep up with your investment with your daily life activities.

Having a stable income where some of it can be set aside is one of the reasons why they need to increase their portfolio. Instead of saving fiat, I think they can save bitcoin, it is the best choice for long-term investment compared to fiat or some other assets. If they can only set aside 5% of their income for investment, that is also better than nothing, but they also need to have some cash reserves so as not to ruin their investment plan.

We never know when we will need emergency funds, so it is better to set aside some of our income for emergency funds rather than putting it all into investment funds. I think that is the recommended investment approach, it is up to others how they do it that they think is safe.

[Popkon6]

Stable income is not the reason for an investor to adopt the DCA strategy when investing in Bitcoin. If you are investing in Bitcoin with either the DCA strategy, lump sum strategy, or buying the dip strategy, you need a stable income that will give you a discretionary income to invest in Bitcoin and also allow you to solve your daily expenses so that you won't have to run to sell your Bitcoin investment anytime you are in need, which will one day get you off the game, and you will be left with no Bitcoin in your disposal or self-custodial wallet. So having a stable income is one of the keys to a long-term investment in Bitcoin.

Knowledge brings the idea and the need for income to sustain the steady accumulation.

Because otherwise, the investment would need to be dropped in some instances, and the person in question would be at a loss.

What do you mean? If you want to invest, only Bitcoin investment is the most suitable and effective. I think that investing anywhere other than Bitcoin is just a failed attempt, in the real sense, the only best way to manage Bitcoin investment for a long time is the DCA method.
If you save for a long time by following the Bitcoin investment DCA method, you will definitely succeed, as a result, your investment will be worthwhile and you will be able to brighten the future, for this, how many dollars you will invest weekly will depend on your income. You should notice and think, eliminate extra costs and implement the DCA method for a long time with Bitcoin investment.

[JayJuanGee]

Have you being considering on buying bitcoin, then take into consideration these few advise.

• Have a designated fund for your investment and ensure that you don't rush to invest, instead find a suitable entry point and buy the dip, additional, you can use the DCA strategy if you think its more convenient for you to buy steadily and not at once
  

If you are a low coiner or a no coiner, it is better to get started right away.  So yeah, that could be considered a rush to get started right away.

That's true, the starting point is now and we can just apply DCA to accumulate gradually as we have our inflow of income and taking advantage on buying the dip, but at the end, we should be able to hold for a while in other to make more profits after our investment had been made.

Personally, I don't see any reason for newbies to be focusing on profits, since it could take 4 to 10 years or longer to establish a position, unless they able to front load their investment.

Bitcoin is amongst the best, if not the best investment available, so I am not sure what purpose is achieved by attempting to trade it rather than merely accumulate it until arriving at a point of overaccumulation.

You, Doan9269, are barely reaching your first whole cycle of being registered on the form, and perhaps you were able to reach overaccumulation status, if you had frontloaded your bitcoin investment.  Otherswise, I doubt it.  You likely are still needing to accumulate bitcoin, so your inclination to describe trading tactics is likely not only appropriate for most beginners, it may also not be very applicable to your own personal financial situation, either.  Of course, I cannot know your particulars, so it could have had been possible that you were able to significantly front load your bitcoin investment and to get yourself to a status of overaccumulation.  Perhaps? perhaps?

How do you know Jay, i must admit that you're a seer in this regard, because your many years of experience has helped a lot in developing even foresights to know the actual condition on investment and stages we all might have been on this altogether,

I cannot really know your personal situation beyond what you post, yet I think that I am accurate in my presumption that an overwhelming majority of the world's population is either no coiners or low coiners, and even guys who have been investing into bitcoin for a while may end up being low coiners without realizing it.

Unless you either tell me or give me some information to help me to conclude that you are not a low coiner, then I think that it is safe for me to presume that you are a low coiner... and even if you are not, most of the members reading and/or participating in these bitcoin investing and/or trading related threads are more likely to be low coiners who are still fairly earlier in their bitcoin accumulation journey and they have not reached a status of having enough or more than enough coins.

If you give me some kind of an indication that you are no longer in accumulation stages, then I have no problem going by what you say in regards to your own situation, yet I think that it is still safe to presume that an overwhelming majority of guys participaing in these bitcoin investing and/or tradging threads are more likely to be lowcoiners who are still fairly early in their bitcoin accumulation journey.

but from here, i think i have learnt a number of things and be able to start from the little i could as i accumulate, because the future ahead will have to depend on whatever thing we invested on today, thanks to Satoshi for bringing this initiative and this thread for enlightenment whereby so many have utilize it well for what they have today.

For sure, many of us are lucky to have been able to have had been introduced to bitcoin, to be able to be learning about bitcoin and perhaps even to be investing into bitcoin (accumulating more and more satoshis), and so there is a lot of the world that is not busy accumulating bitcoin and they really don't realize that they should be accumulating bitcoin since more and more rich folks, institutions and/or governments are becoming aware of bitcoin and figuring out ways to start to accumulate bitcoin... so a lot of normies are going to end up having to buy bitcoin at prices that are much higher than the prices that we currently have available to us, and so we should consider ourselves to be lucky if we have learned enough to be focusing on accumulating bitcoin during these times and not to  be fucking around and taking chances on selling bitcoin with the possibility of buying back cheaper, when the price might not go sufficiently cheaper in order to make any difference and/or to help us out in the event that we can figure out that we are going to be much better off to be attempting to be focusing on ongoingly accumulating bitcoin through buying and not to be employing risky selling strategies in regards to how we deal with our building of our bitcoin stash.

• Also, consider that you have made the right decision in going for bitcoin and choosing of a non custodial wallet for your holding, avoid fear of unnecessary demand, fear of missing out , because they can push you into making a hasty decision on selling when it is not yet time to do so, therefore its important we develop a more thicker skin as investors as the market reacts on many things happening around.

One way to avoid sensations of fear of missing out (FOMO) is to ongoingly buy bitcoin... any guys who are insufficiently/inadequately preparing for up run the risk of putting themselves into a situation of experiencing FOMO.

You're right, how many are interested in bitcoin and still have the tenacity of withstanding the rigorous challenges while still holding.

I think holding and continuing to buy.. .and continuing to buy is likely one of the better things to do to continue to reinforce the practice of accumulating bitcoin until reaching a status  of sufficient or overaccumulation.. which surely I think will take many normies 4-10 years or longer to reach such status of overaccumulation unless they are able to either front load their bitcoin investment or perhaps to be able to invest into bitcoin at high levels of their income.

[I_Anime]

Personally, I don't see any reason for newbies to be focusing on profits, since it could take 4 to 10 years or longer to establish a position, unless they able to front load their investment.

Bitcoin is amongst the best, if not the best investment available, so I am not sure what purpose is achieved by attempting to trade it rather than merely accumulate it until arriving at a point of overaccumulation.

Is just that most folks usually bring their trading mentality into bitcoin thinking that they are playing it smart and same time misleading others, when you want to really enjoy your bitcoin investment you would have to put in the work first which is accumulate till you have reach your accumulation goal , then you can choose to scrape some profits while you keep holding .

Once you have gotten to your accumulation selling all your bitcoin won’t be smart either rather you can choose to be taken some certain percentage from rather than just selling what take you years to build once, bitcoin investment is all about building.

[$crypto$]

I consider bitcoin to be a lifetime investment, so once you reach overaccumulation status, then you would start to have the option to sell within the overaccumulated amount, and so I do not consider bitcoin to be an asset in which you might spend 4-10 years or more accumulating it and then you sell large portions of it or even all of it.

After reaching the accumulation limit of more than say 10 years of doing it and bitcoin is already in the range of $500K, it will sell bitcoin partly for sale because the goal has been fulfilled from the initial investment plan.
So I will not continue to hold for as long as possible, there is a time to sell but now is still not the time because it is still planting and until the harvest arrives after 10 years.