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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 8493 times)
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June 26, 2024, 02:08:49 PM
Merited by JayJuanGee (1)
 #781

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.

Buying when prices are falling is indeed a very appropriate and good option, but not everyone can have that desire even though in general it is a good thing to do. But you have to know that when a decline is occurring, everyone's mentality and courage are also tested by themselves because most people are still afraid to buy when prices are declining. In fact, they also often forget about bullish things that can turn prices back up within a certain time, because people who still have thoughts like that usually also forget about falling prices when they start to see prices rising.

So apart from everyone having to have cash capital to be able to buy when prices are falling, everyone also has to have a lot of mentality and courage to want to do it without having any doubts about trying to buy Bitcoin. You can trace what I said around you if there are people in your area who like Bitcoin and have bought Bitcoin before to see how they feel when the price of Bitcoin goes down. Because I have come across several people who are afraid to buy again when the price of Bitcoin is going down even though they were confident and had bought Bitcoin in the past.

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June 26, 2024, 03:38:49 PM
 #782

-cut-
Invest based on your financial strength and don't borrow money to own more Bitcoin because when the market corrects and you invested more than your Hodling limit, you'll be panicking and probably miss out of gains you were suppose to get as you sold under pressure so it is advised as a newbie to use the DCA strategy for your accumulation journey and also try to have an emergency, reserve and float funds in other to secure your investment.


Although it is not recommended to borrow to invest in bitcoin, if you have a source of income to pay the loan and a lending platform with affordable interest, it is not a problem. Because there are cases where investors who see the opportunity to invest in bitcoin then mortgage their cars to the bank or borrow with their savings as collateral with an interest of only a few percent, and then invest the money in bitcoin, and after a while he finally gets the profit as he expected first.

The point is how you can use the debt as you expect, have the ability to pay the debt, and consider the very low interest rate, and most importantly not from loan sharks. If you can utilize debt well and have good financial management, borrowing to invest in bitcoin should not be a problem.
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June 26, 2024, 05:38:28 PM
 #783

Likewise today, look at the bitcoin friends there is a decline, a little dump to give ancang ancang, its nature is volatile which indicates a large enough buying and selling transaction, I believe in the meaning of cause and effect of supply and demand every time, even if tomorrow is reduced by 1-2% of the price of bitcoin today for example, even so I think there are still many who expect bitcoin prices to be even lower, if you look at the instinct, who doesn't want the price of bitcoin to continue to be cheap like a few years ago and attack it. if there is no fud / big momentum, in my opinion, the price of bitcoin will still be good. I myself don't like to compete when the market is calm, I mean, if the bitcoin pump I can buy and scalpingan and if the price drops I will buy for the long term, satoshi units in btc purchases make it easy to dca, my mistake that I have been through is too hopeful when the market is sideway in the pursuit of expectations and in a hurry to take profit, the nature of buying is an investment if with a sober of course can not force the market at will except whale Grin .

Bitcoin needs to increase in value as well as decrease in value for its ease of buying and selling. If something keeps going up in value, it is out of the reach of most people, and if something just keeps going down in value, it will eventually become obsolete. Market volatility is a part of market regulation. No market can survive without this volatility. The same thing happens with Bitcoin. So, we can think of bitcoin price falling and rising as a strategy to protect the bitcoin market.

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June 26, 2024, 07:18:08 PM
 #784

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner

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June 26, 2024, 07:46:04 PM
 #785

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
If you are investing in bitcoin because of the bull run in this circle, then it is not a good investment decision because buying now and selling next year shows that investor is only interested in little profit and he is a trader. Any investors that want to use bitcoin as a back up plan in future should learn to invest and hodli for a long time while he build his bitcoin portfolio at the same time using DCA method to buy bitcoin always weekly or monthly.

Selling should come after you have passed through your accumulation stage and in a maintenance stage, by then you feel that you have enough Bitcoin in your possession and you feel that you need to take a little profit.

R


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June 26, 2024, 08:12:40 PM
Merited by JayJuanGee (1)
 #786

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.
It is bad to keep waiting for the price of bitcoin to dip before buying. When the price of bitcoin was at 67k, some people were waiting for it to dip. It has dip to 64k, and you are saying that the price will still dip. New investors into bitcoin should not wait to the dip.
This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Well, waiting for the dip is not right as accumulating should be a continuous process whenever the money is available. It seems you’re trying to say it’s a must but, sometimes I lack the money to accumulate more whenever bitcoin price decline so I just continue my normal dca strategy and build my portfolio gradually, most times I can still save up some money for buying like increasing my accumulation amount so it depends how I handle my money monthly secondly no one is missing out because if an investor lack the money at the moment I see no reason pressuring the urge to accumulate more as it might sound being over aggressive when there’s no fund. Only traders can time bitcoin in such manner like the last paragraph, if anyone should follow that move it simply means the person might hold for short period which is not advisable

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June 27, 2024, 03:54:22 AM
 #787

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.

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June 27, 2024, 07:53:28 AM
 #788

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.

It gives us an advantage to get more profits when we decide to buy when the market is experiencing a dip. But people should not always look for that scenario since if they think on when they could able to start on their bitcoin investment journey then perfect answer with that is whenever they are ready to accumulate. Nothing wrong with people looking for quick profit since its normal for certain individual to ask that but the question is can they handle the huge risk for acquiring that? If they don't want to be in risky situation then long term will be the good option for them. The only thing they do is to spend their spare money then set their investment timeline to 4-10 years then provably that they would have greater chances to earn especially if they have knowledge on how to do it and what are the best method to use to make their long term investment decisions goes successful.

People don't need a decline to accumulate they need to act as soon as they can so they could able to start  their investment journey with bitcoin.

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June 27, 2024, 08:26:58 AM
 #789

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Buy during Dips or buying market Dip is a strategy you take advantage of, if the funds are available when the opportunity present itself. Buying bitcoin's using a Dollar-Cost Averaging (DCA) strategy consistently will set your investment on the right track especially when you are still in the early stages (2,3,or 4years) of accumulating and funds to buy during DIPs might not be readily available. Staying committed to regular investments, regardless of market fluctuations, can help build a strong foundation for your Bitcoin portfolio over time.

If you are investing in bitcoin because of the bull run in this circle, then it is not a good investment decision because buying now and selling next year shows that investor is only interested in little profit and he is a trader. Any investors that want to use bitcoin as a back up plan in future should learn to invest and hodli for a long time while he build his bitcoin portfolio at the same time using DCA method to buy bitcoin always weekly or monthly.

Selling should come after you have passed through your accumulation stage and in a maintenance stage, by then you feel that you have enough Bitcoin in your possession and you feel that you need to take a little profit.
Investing in Bitcoin solely for short-term gains might indicate a more trading oriented approach or inexperienced investors in bitcoin space. For those looking to use Bitcoin as a long-term backup plan, it's crucial to focus on investing and holding (HODling) for an extended period. Building your Bitcoin portfolio over time through consistent purchases using the DCA method is key. Selling should typically occur after you've accumulated enough Bitcoin and transitioned into a maintenance stage, where taking some profits can be considered. It's all about the long game and strategic planning for the future with your Bitcoin investments.
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June 27, 2024, 08:53:55 AM
 #790

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.

If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive. 
Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later.

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June 27, 2024, 09:18:31 AM
 #791

If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive. 
Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later.

No one wants to miss an opportunity to buy the dip. This is because buying deep allows you to buy more bitcoins at a lower price, which helps you make more profits during bull markets. But the investment should be long-term. You won't accumulate much bitcoin just by sitting around hoping to buy the dip. You have to deposit bitcoins regularly (ie DCA method). There is no fixed time for buying dips. In this case you can buy dip using your reserve fund.
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June 27, 2024, 02:19:01 PM
 #792

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.
It's a good decision to buy when the price dips but people make the mistake of using funds that are purely kept for other important purposes to buy Bitcoin when it dips leaving them in situations where they struggle to keep up with the investment after doing that. There is no point jeopardizing our investment because of we want to buy the dip. It is optional to buy the dip and not compulsory if we are using other strategies to buy. Imagine a case where we invest 20$ in Bitcoin every week from what we make, we also have our emergency funds and savings or money we keep for the week. Then because of the dip we use all that money for emergencies and savings plus the weekly upkeep to buy the totally wrong dip because if para ventures an emergency comes along the day, we will have no choice but to tap into our investment by selling some to take care of the emergencies.

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June 27, 2024, 02:24:25 PM
 #793

If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive. 
Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later.

No one wants to miss an opportunity to buy the dip. This is because buying deep allows you to buy more bitcoins at a lower price, which helps you make more profits during bull markets. But the investment should be long-term. You won't accumulate much bitcoin just by sitting around hoping to buy the dip. You have to deposit bitcoins regularly (ie DCA method). There is no fixed time for buying dips. In this case you can buy dip using your reserve fund.

Yes, it is true that there is no fixed time for buying dips. Dip buying time comes unexpectedly, at that time we may not have enough money reserves to buy the dip. In such a situation Reserve Fund can play an important role. While investing in Bitcoin we can make the investment stronger and safer by creating different funds. Reserve fund is one of those funds.

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June 27, 2024, 03:41:18 PM
Merited by JayJuanGee (1)
 #794

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.

It gives us an advantage to get more profits when we decide to buy when the market is experiencing a dip. But people should not always look for that scenario since if they think on when they could able to start on their bitcoin investment journey then perfect answer with that is whenever they are ready to accumulate. Nothing wrong with people looking for quick profit since its normal for certain individual to ask that but the question is can they handle the huge risk for acquiring that? If they don't want to be in risky situation then long term will be the good option for them. The only thing they do is to spend their spare money then set their investment timeline to 4-10 years then provably that they would have greater chances to earn especially if they have knowledge on how to do it and what are the best method to use to make their long term investment decisions goes successful.

People don't need a decline to accumulate they need to act as soon as they can so they could able to start  their investment journey with bitcoin.


I agree with you, on the ground of how buying the dip is advantageous in profit making, but the simple trick is investor/Bitcoiners can't really tell the Dip price. In essence waiting for Dips is a waste of time because one can still be accumulating this building a solid Bitcoin portfolio and might without his one knowledge but the dip price too, if one wanna buy the Dip... It is best such investor have a separate fund already reserved for that which he can use when the time comes, and not slow down or accumulate nothing because of waiting for Dip prices.
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June 27, 2024, 04:17:01 PM
 #795

If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive.  
Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later.

No one wants to miss an opportunity to buy the dip. This is because buying deep allows you to buy more bitcoins at a lower price, which helps you make more profits during bull markets. But the investment should be long-term. You won't accumulate much bitcoin just by sitting around hoping to buy the dip. You have to deposit bitcoins regularly (ie DCA method). There is no fixed time for buying dips. In this case you can buy dip using your reserve fund.
Yes, Everyone waits to buy Bitcoin at a low price i.e. everyone waits to buy the dip. Basically people are interested in buying bitcoins at low prices because they will profit more during the bullish season. But market dips happen unexpectedly.

The dip season gives people an additional opportunity to buy more bitcoins with less money. It is better to use regular DCA instead of waiting for dip period to invest in Bitcoin. We are currently going through a dip season in the market, maybe the market will recover from this situation and the price of Bitcoin will rise again. Those who are already investing regularly using DCA method will have the opportunity to buy more bitcoins with their money during this period which will guarantee them more profit in the next bullish season.

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June 27, 2024, 04:51:16 PM
 #796

Yes, Everyone waits to buy Bitcoin at a low price i.e. everyone waits to buy the dip. Basically people are interested in buying bitcoins at low prices because they will profit more during the bullish season. But market dips happen unexpectedly.
Not every investor waits to buy during dips, before they can accumulate bitcoin there are investors who are consistently buy bitcoin but also reserves funds if the dip opportunity present itself. This approach combines the benefits of regular investment with the flexibility to capitalise on market fluctuations when they occur. By staying proactive and prepared for potential dips, investors can optimize their investment strategy for long-term success.

The dip season gives people an additional opportunity to buy more bitcoins with less money. It is better to use regular DCA instead of waiting for dip period to invest in Bitcoin. We are currently going through a dip season in the market, maybe the market will recover from this situation and the price of Bitcoin will rise again. Those who are already investing regularly using DCA method will have the opportunity to buy more bitcoins with their money during this period which will guarantee them more profit in the next bullish season.
Yeah definitely, It's wise to stick to a regular Dollar-Cost Averaging (DCA) strategy rather than waiting for market dips to invest in Bitcoin. By consistently investing over time, you can benefit from the average price of Bitcoin and potentially accumulate more coins, especially during market downturns. This approach helps reduce the impact of market volatility and allows for a disciplined investment strategy, ensuring that you can maximise your gains in the long run.
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June 27, 2024, 06:25:50 PM
 #797

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
If you are investing in bitcoin because of the bull run in this circle, then it is not a good investment decision because buying now and selling next year shows that investor is only interested in little profit and he is a trader. Any investors that want to use bitcoin as a back up plan in future should learn to invest and hodli for a long time while he build his bitcoin portfolio at the same time using DCA method to buy bitcoin always weekly or monthly.

Selling should come after you have passed through your accumulation stage and in a maintenance stage, by then you feel that you have enough Bitcoin in your possession and you feel that you need to take a little profit.

I still think that anyone who starts to engage in selling of their bitcoin, even small amounts, they need to come to their own assessment that NOT ONLY have they accumulated enough bitcoin, but that they have accumulated more than enough, and yeah, there is no way that any of us can really reach that conclusion for someone else without getting more details about both their finances and their psychology, which also relates to both their 9 individual factors and their goals.

Sometimes we might make these kinds of assessments in terms of how we perceive of getting to fuck you status, yet we might not even need to get to fuck you status if we start to think about some needs to reallocate or even to less allocate to bitcoin, which could justify some selling or instead might end up justifying putting new money into other investments and just letting the BTC investment ride, so in that sense, the more value that we have accumulated into bitcoin and also perhaps starting to build value in other assets (not necessarily shitcoins) could justify either being able to sell some bitcoin or focusing on buying assets other than bitcoin.

Maybe an example could be helpful?  Let's say that a guy had been working, saving and investing around 10 years in October 2017, and he found out about bitcoin and started getting into bitcoin in about October 2017, and at that time, he had around a $50k per year salary and around $100k invested into other assets (traditional assets, not bitcoin and not shitcoins), so in historically, he had been able to invest around $100 to $200 per week with some variation, so he thought that he might be able to continue with some similar level of investment with his adding bitcoin to his investment portfolio, yet he wanted to try to get to something like a 15% allocation into bitcoin.  He did not want to draw from his other investments right away, but he knew that he could shuffle around his investments in such a way that he would be able to invest something like $300 per week into bitcoin for the the first year (which would bring him up to something close to $15,900 invested over the first year, and then thereafter he would go to something around $150 per week either all of it into bitcoin or to invest in bitcoin and into his traditional portfolio.

So after his first year investing into bitcoin from December 1, 2017 until December 1, 2018, he had invested $15,900 into bitcoin and he had accumulated 2.06490 BTC... So he felt pretty good about that - even though largely his bitcoin holdings were then in the negative, since bitcoin had been spending a lot of time bouncing above $6k, testing $6k but not going below $6k until November 2018, so then the BTC price had gone down to $3,124 and also had been spending a lot of time around $4k-ish, which was way less than his average cost per BTC which was close to $8k per BTCe, and since he had been continuing to study about bitcoin the whole year that he had been investing into it, and bitcoin continued to be in a kind of price correction, he decided that he was going to continue to invest into bitcoin and not into his other investments around $150 per week into bitcoin and not into his other investments (and also not into shitcoins).

So really after this first year investing into bitcoin, this guy is getting to a point of reaching his investment goals of 15% into bitcoin, but then when he decides to continue to invest all of his investment into bitcoin and not into his other investments (based on the BTC price being down), surely he is starting to approach a state of overinvestment.. maybe not yet after 1 year investing into bitcoin, but if he continues investing $150 per week into bitcoin for the next year, then by the end of 2019, he surely has become overinvested in bitcoin, even if he may or may not be much in profits and even though he is likely still not even close to his fuck you level... So I can see where this is going, and whether it is one or two years more that he invests at $150 per week, he might start to feel overinvested into bitcoin.. but there also could be situations where the guy had continued to invest into his other investments, so during the whole period that he had been investing into bitcoin, his other investments diluted the amount that he could put into bitcoin, so in a case that he is investing in bitcoin and his other investments at the same time, it could take him 4-6 years or more before he reaches a status of being overinvested into bitcoin.

I still believe that there is a need to get to a pretty clear status of feeling overly invested into bitcoin before any sales of bitcoin might be reasonably concluded to be the case, and sometimes there is the amount that had been invested, but also there could be bitcoin price appreciation that ends up bringing the BTC portfolio into a status of being overly invested as compared to other assets that the guy has which may or may not justify that he continues to invest in some of those other assets or figure out some kind of a way that he does not start to conclude that he has too much in bitcoin and not enough in other assets, whether it is dollar or dollar equivalent (fiat too) or something like stocks, bonds, properties or commodities.

Once we have some of the base cases of the hypothetical person who started investing into bitcoin in 2017, we can make a variety of scenarios from the same guy and to figure out varioius points in which the guy might reach his bitcoin accumulation target and to figure out if he has just reached his target (and if that is enough) or does he need to get to some kind of an overly accumulated status prior to justifying starting to employ in strategies that might be something other than just straight-forward regular, consistent and persistent DCA accumulating of BTC.

Also Sim_card, I find it problematic that you use the term "take profits" to describe what any hypothetical BTC accumulator might be doing when he starts to sell some of his BTC.  That is more of a trading term rather than an investing term, since we should not be considering that we are taking profits in dollars (fuck dollars), but we may well need to hedge our investment in BTC, so frequently  we need to keep some value in dollars or dollar-related assets in order to attempt to create some stability in our own BTC investment status... which is part of the sense that we get if we are overly accumulated in BTC, we may well be better off having some of the less valuable assets in order to hedge and insure our BTC investment, and I don't consider that taking profits, even though surely as we get richer and richer from our having investments, we have assets that are in BTC and in dollars and in other dollar related investments, so there are going to be times that we are using our dollars to consume more and to increase our standard of living because we are richer and we have more options, yet I still find it problematic to be referring to that as taking profits, since that seems to be such a trader kind of a reference.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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June 27, 2024, 10:21:29 PM
Last edit: July 15, 2024, 10:30:55 AM by Reincarnated Sat
 #798

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
If you are investing in bitcoin because of the bull run in this circle, then it is not a good investment decision because buying now and selling next year shows that investor is only interested in little profit and he is a trader. Any investors that want to use bitcoin as a back up plan in future should learn to invest and hodli for a long time while he build his bitcoin portfolio at the same time using DCA method to buy bitcoin always weekly or monthly.

Selling should come after you have passed through your accumulation stage and in a maintenance stage, by then you feel that you have enough Bitcoin in your possession and you feel that you need to take a little profit.

So really after this first year investing into bitcoin, this guy is getting to a point of reaching his investment goals of 15% into bitcoin, but then when he decides to continue to invest all of his investment into bitcoin and not into his other investments (based on the BTC price being down), surely he is starting to approach a state of overinvestment.. maybe not yet after 1 year investing into bitcoin, but if he continues investing $150 per week into bitcoin for the next year, then by the end of 2019, he surely has become overinvested in bitcoin, even if he may or may not be much in profits and even though he is likely still not even close to his fuck you level... So I can see where this is going, and whether it is one or two years more that he invests at $150 per week, he might start to feel overinvested into bitcoin.. but there also could be situations where the guy had continued to invest into his other investments, so during the whole period that he had been investing into bitcoin, his other investments diluted the amount that he could put into bitcoin, so in a case that he is investing in bitcoin and his other investments at the same time, it could take him 4-6 years or more before he reaches a status of being overinvested into bitcoin.

I still believe that there is a need to get to a pretty clear status of feeling overly invested into bitcoin before any sales of bitcoin might be reasonably concluded to be the case, and sometimes there is the amount that had been invested, but also there could be bitcoin price appreciation that ends up bringing the BTC portfolio into a status of being overly invested as compared to other assets that the guy has which may or may not justify that he continues to invest in some of those other assets or figure out some kind of a way that he does not start to conclude that he has too much in bitcoin and not enough in other assets, whether it is dollar or dollar equivalent (fiat too) or something like stocks, bonds, properties or commodities.

Once we have some of the base cases of the hypothetical person who started investing into bitcoin in 2017, we can make a variety of scenarios from the same guy and to figure out varioius points in which the guy might reach his bitcoin accumulation target and to figure out if he has just reached his target (and if that is enough) or does he need to get to some kind of an overly accumulated status prior to justifying starting to employ in strategies that might be something other than just straight-forward regular, consistent and persistent DCA accumulating of BTC.

Also Sim_card, I find it problematic that you use the term "take profits" to describe what any hypothetical BTC accumulator might be doing when he starts to sell some of his BTC.  That is more of a trading term rather than an investing term, since we should not be considering that we are taking profits in dollars (fuck dollars), but we may well need to hedge our investment in BTC, so frequently  we need to keep some value in dollars or dollar-related assets in order to attempt to create some stability in our own BTC investment status... which is part of the sense that we get if we are overly accumulated in BTC, we may well be better off having some of the less valuable assets in order to hedge and insure our BTC investment, and I don't consider that taking profits, even though surely as we get richer and richer from our having investments, we have assets that are in BTC and in dollars and in other dollar related investments, so there are going to be times that we are using our dollars to consume more and to increase our standard of living because we are richer and we have more options, yet I still find it problematic to be referring to that as taking profits, since that seems to be such a trader kind of a reference.
Your writing are so impactful and you really made good point here, well for me before one can start selling some part of his or her Bitcoin they should first get to a magnificent point with Bitcoin that is growing with Bitcoin to a mile stone that will surprise the world in general, I don't just target to reach a particular amount since I'm using the DCA strategy I will keep investing till I make a remarkable history with Bitcoin and I think everyone investing in Bitcoin should carry this with them. Everyone has his or her target in Bitcoin investment and a lot of people I feel are just Bitcoin trader and not investors, if you have a target to sell your bitcoin as soon as there's a rise in Bitcoin then you are just a Bitcoin trader. Those that has held unto Bitcoin till date are those that wants to make history with Bitcoin and are really investors, the way I see my Bitcoin investment is different from others my Bitcoin investment will be an inheritance to my children and so I can't just start selling my Bitcoin. I think the only assessment to no if someone has accumulated more than enough Bitcoin is if you have three-and-a-half to six times your pre retirement gross income in bitcoin or if you have accumulated more than expectation, I think we should not just bring to ourselves what we think we be the assessment the one I wrote is just my opinion and I think there should be an official assessment for this in Bitcoin investment. In my own sense I think before thinking about selling our Bitcoin we should really think about it and ask ourselves what will I stand to gain if I start selling now and what will I stand to lose if I start selling now, I think this question will help you make a good decision.
Miles2006
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June 27, 2024, 10:30:13 PM
 #799

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.

If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive. 
Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later.
You don’t have to divide your funds when it comes to accumulating using different strategies, from my opinion you  just have to buy and plan your accumulation process. The planning simply means your monthly or weekly plan whereby you don’t have to wait ahead of time before you start using any amount to buy, talking about emergency funds I believe this is compulsory as it’s right for every investor to build an emergency fund while accumulating bitcoin.

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June 28, 2024, 02:30:16 AM
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[edited out]
I think the only assessment to no if someone has accumulated more than enough Bitcoin is if you have three-and-a-half to six times your pre retirement gross income in bitcoin or if you have accumulated more than expectation, I think we should not just bring to ourselves what we think we be the assessment the one I wrote is just my opinion and I think there should be an official assessment for this in Bitcoin investment.

I think that one of the mistakes that people make is not having enough, and if you plan to have ONLY 3-6 times your needed annual expenses, then you seem to be thinking about cashing out principle and interest, which I would not consider to be sustainable.. even though it is possible with bitcoin 3-6 times could still work out, but it is problematic in terms of how it is going to end up withdrawing principle and not going to be sustainable (from my point of view).

In traditional investments, there is a presumption of being able to sustainably withdraw 4% per year, and so if you have 20-30 years worth of income, that 4% per year should work for you.

Yet, I personally speculate that somewhere close to 10% could be sustainable, which would mean that you ONLY need to have around 10 years worth of your annual expenses for your 10% withdrawal rate to be sustainable.

Of course, each person needs to make their own assessments, and I personally assess the value of my BTC based on the 200-WMA rather than based on spot price, which likely gives an additional cushion of not getting into withdrawal status prior to having eniough.

In my own sense I think before thinking about selling our Bitcoin we should really think about it and ask ourselves what will I stand to gain if I start selling now and what will I stand to lose if I start selling now, I think this question will help you make a good decision.

I think that the better question is whether you are able to assess your withdrawal strategy as being sustainable or not, so if you do not have enough to have a withdrawal strategy, then you have not reached a high enough BTC accumulation to begin your withdrawals.. but hey whatever you can do what you like whether it is sustainable or not.. I personally believe sustainability of your withdrawal system (amounts and do you have enough) is the key to success with your long term investing rather than ending up cashing out all of your BTC prior and then ending up with a bunch of worthless dollars or whatever was your inferior investment and/or decision to consume rather than to make sur taht you have enough prior to staring to consume.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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