Buy Buy Buy or Sell Sell Sell?

[Ruttoshi]

Investing for the short term or long term is actually fine for any investor because the goal is still to seek profit, and each investor has their own goals and targets.

That's the problem with new investors, they think about profit in the beginning of their bitcoin investment which is the main reason why they fail to hodli and build their bitcoin investment for the future. A new investor should focus more on accumulating bitcoin for a long-term like 4-10 years and above. He should have a bitcoin target which he plans to accumulate and focus on buying regularly with DCA provided his discretionary income is available without thinking of selling a dime.

If the price rises 10%, selling it won't be a problem they just don't want the much larger profits that can be achieved by holding it for the long term.

This is trading and not investing. If you are after profit and sell whenever, you see little profit you will lose the focus of investing for the future and buy as many bitcoin as possible and hodli for long. You will also miss out in the compounding value of your portfolio and will end up with very little bitcoin in future. Long term investment mindset is what every bitcoin investor should plan for because bitcoin is more than what you think it is now.

[Silikiem]

Investing for the short term or long term is actually fine for any investor because the goal is still to seek profit, and each investor has their own goals and targets. term to avoid regrets.

I’m not keying to the idea in this statement because for me it’s very contradictory as to what the goal of a true bitcoin investor should be. The goal of every bitcoin investor should be to invest for the long term goal only, and not short term profit making mindset. Anyone who’s in for the short term mindset or goal is not worthy to be called a bitcoin investor, but he or she is a trader. I think this two things needs to be differentiated when it comes to bitcoin accumulation and investment. No doubt that every investor seek to make a significant success of high ROI, but that’s not to say that bitcoin investment guarantees profit making and at such people should come to bitcoin investment with profit making mindsets especially quick ones. Bitcoin investment is a long term investment and at such anyone desirous to go into it should set the long term goal of consistently or perhaps persistent accumulation of bitcoin and hold for the long term purpose, anything other than that is no longer investing, but trading.
And when you talk about avoiding regrets, then you’re being emotional about the market fluctuations and such mindset or people who gets too emotional and panic to sell  when they noticed a little downturn in bitcoin price are traders who are only in for a quick profit making mindset and that’s what differentiate traders from investors. A true bitcoin investor don’t panic to sell nor get emotional about bitcoin fluctuations or whenever there’s a little downturn in the market price, rather they will seize the opportunity to accumulate more bitcoin stash and add to their portfolio and hold for the long term goal.

[sotelorene]

We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit

Why did you say we should be careful when investing in bitcoin for long term? The people that are suppose to be so careful are short term investors and traders, if you are planning to invest for long term, their is nothing to worry about, just buy your coin and hold, to be at a safer side, make sure you make use of DCA strategy when investing. I know everyone will definitely sell when the price goes up, but not that you going to be monitoring the market, and when you are in maybe 10 percent profits you going to sell, if you can do that, then that means you are not holding planning to hold for long term.

I think regardless of the approach that is whether Investment or trading, we ought to be very careful when ever we are doing something because if you are not careful you might make a regrettable mistake though been careful in Bitcoin investment doesn't mean you are scared or afraid  but you just have to be but not like the way traders will be because they are not sure of what will become of them sooner or later that is why it is not good to be playing with Bitcoin ( predicting it).  Predicting the possible movement of Bitcoin ( trading) is very risky and we should abstain from it.

[De seer1]

We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit

Why did you say we should be careful when investing in bitcoin for long term? The people that are suppose to be so careful are short term investors and traders, if you are planning to invest for long term, their is nothing to worry about, just buy your coin and hold, to be at a safer side, make sure you make use of DCA strategy when investing. I know everyone will definitely sell when the price goes up, but not that you going to be monitoring the market, and when you are in maybe 10 percent profits you going to sell, if you can do that, then that means you are not holding planning to hold for long term.

Investing for the short term or long term is actually fine for any investor because the goal is still to seek profit, and each investor has their own goals and targets. If the price rises 10%, selling it won't be a problem they just don't want the much larger profits that can be achieved by holding it for the long term.

What I disagree with is his statement that caution is needed when investing for the long term, when in reality, he should be careful with short term investments, because selling Bitcoin in the short term wastes an opportunity. For example, if he buys Bitcoin at $80,000 and sells it at $100,000, even though he makes a profit, he won't have the opportunity to buy it again at $80,000, or even $90,000, or even $10,000. So, it's better to invest for the long term to avoid regrets.

You made some great points especially about the DCA strategy, some people claim they are for long term goal the moment market value dips high they panic and sell their coins that is not long term investment that is called emotional trading. long term investment sounds little till you actually have to sit through a brutal bear market or when you watch your portfolio go red for some months, buying and holding  is good but it only works if one understand the risks, manage your motions but do not overexpose your investment. i think it decrease about being careful in a fearful way and more about being ready and knowing what you are getting into. Bitcoin have rewarded long term investors.

[ASloveapg]

You are absolutely correct, in any business or Investment in life one should always set a target or goal before any other thing but setting a goal and target sometimes is not what matters the most rather what matters the most is you working persistently and very hard to achieve that goal or target. I believe everyone in this world has dream, target, goal etc but some are unable to get it and the reason behind this is because they are not consistent, they are not working towards it though some are working but they are not working harder because at some point you need to stretch yourself because nothing is easy so we should try as much as possible to work hard after setting and defining our goal.

It's very important to stick with your target no matter what Bitcoin price is. Like if you are accumulating at current price of 109,000$ and your target is Bitcoin price of 500,000$, then you need to have control over emotions when Bitcoin hit 200k, 300k or even 400k. We have recently seen few instances where Satoshi era wallets have sold there Bitcoins at staggering high rate of 120k$. The point to be noted is that these whales have not sold there Bitcoins at 10k nor at 50k but they waited for Bitcoin to touch there target price.

Before starting to invest, we need to set a specific goal and cannot sell Bitcoin investment until that goal is reached. As an investor, we need to hold Bitcoin with intelligence until we meet the specific goal in a disciplined manner, and no matter how low or how big Bitcoin falls in the meantime, we can never break our goal and sell Bitcoin, then this can be the reason for missing out on a bigger opportunity. We can never decide to sell our holdings due to temptation or panic, this is definitely wrong, we must stick to the goal we set, and ignore all obstacles, instability and greed. Those who can stick to their goals and decisions can ultimately benefit the most, so set a specific goal in Bitcoin investment, such as at least 1 cycle or 2 to 3 cycles or more, acording to your ability, and sell after reaching that goal, but before that, no matter what the situation is, the decision to sell cannot be made.

[Futurexxx]

We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit

Why did you say we should be careful when investing in bitcoin for long term? The people that are suppose to be so careful are short term investors and traders, if you are planning to invest for long term, their is nothing to worry about, just buy your coin and hold, to be at a safer side, make sure you make use of DCA strategy when investing. I know everyone will definitely sell when the price goes up, but not that you going to be monitoring the market, and when you are in maybe 10 percent profits you going to sell, if you can do that, then that means you are not holding planning to hold for long term.

I think regardless of the approach that is whether Investment or trading, we ought to be very careful when ever we are doing something because if you are not careful you might make a regrettable mistake though been careful in Bitcoin investment doesn't mean you are scared or afraid  but you just have to be but not like the way traders will be because they are not sure of what will become of them sooner or later that is why it is not good to be playing with Bitcoin ( predicting it).  Predicting the possible movement of Bitcoin ( trading) is very risky and we should abstain from it.

Even as investors in Bitcoin, you aren't certain of the future or what will become of your investment in the future, even though their is a higher probability of Bitcoin going to $1m or more in the future, so investing only with our discretionary income is adviced since it's a money we can afford to lose.
Trading or investing, they are both risky, but their is a higher level of risk in trading than investment in Bitcoin, so anyone that is saying that their is no risk attached to investment in Bitcoin is just trying to misinform newbies, because nothing is guaranteed in this life.
Just that in Bitcoin investment, their are measures that needs to be in place in other to mitigate the effect of the risk, which is holding for a very long time, since it's an asset that appreciate in value overtime.

[ejikeme24]

Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

[Tmoonz]

Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

I doubt if people selling Bitcoin for short term profits that is trading actually know what they are doing, I once shared a story that I read how a man committed suicide because he regretted his actions of selling his Bitcoin too soon on getting to see where Bitcoin has gotten to and he calculated how much rich he could have become of if only he didn't sell too soon and concluded that nothing will ever make him to be that rich in life again and he ended up ending his life just like that, even though that was not a reason to take his life, Bitcoin is not really something to get in and get out too early, it is best for a long term and not for a fewer dollars profits, the future success is not guarantee yet it has the potential to go bullish perhaps it has been bullish if we consider from it's invention.

[Churchillvv]

[Snip]

[Snip]

Sinp

Sinp

We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit

You sound confused Albert David .  You say buy for the long term but sell when the price goes up.  That does not sound like buying for the long term to me.  

How long do you consider to be long term?  and how much profit do you want to have when you sell the bitcoin you bought?  When you sell are you planning to buy back at a lower price?  how do you make any progress in building your bitcoin holdings (for the long term) if you have goals of selling when the price goes up?

There have been guys buying bitcoin for years and their profits are 3x, 5x, 10x, 50x, 100x, etc etc.. depending on when they got in and how long it might have had taken them to build their bitcoin position.

Some guys can build their bitcoin position in a short period of time, such as less than a year, but most people (who are really long term), it may well take them a couple of cycles to build their position, with each cycle being 4 years.

Perhaps you JayJuanGee said better things yet i will still have to put Albert David that he seem to be confusing trading or gambling for investment, if you want to talk about long term investment be consistent with your words.

It takes at least 2 to 3 cycles for one to be able to accumulate some amount of bitcoin prior to when one would be taking profit, and perhaps judging from our registration dates in this thread it seem more like we still have 1 or more cycles to keep accumulating before we can take the discussion toward taking profit when the market is up, hence I consider selling discussions to me premature for now and should be more focused on gathering as much as we can.

[laspol65]

Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

We created this thread to bring those who love Bitcoin trading to the right path. Because we will try to correct their mistakes through discussion here, we complement each other by discussing here to bring people who are on the wrong path to the right path. What I know, maybe you don't know, is that one person will learn from another, which is basically the best way to correct mistakes. For those who are afraid of Bitcoin trading, we will definitely discuss Bitcoin investment in more detail because it is more risky.
And we will say that you can lose all your money in trading, but the risk is much lower if you invest in Bitcoin. So, long-term Bitcoin holding is the most profitable than trading and the more you invest in Bitcoin, the more you can make a profit. And if we discuss Bitcoin investment according to the DCA method in more detail, of course, people who are trading will express interest in investing in Bitcoin.

[Joeboy]

You are absolutely correct, in any business or Investment in life one should always set a target or goal before any other thing but setting a goal and target sometimes is not what matters the most rather what matters the most is you working persistently and very hard to achieve that goal or target. I believe everyone in this world has dream, target, goal etc but some are unable to get it and the reason behind this is because they are not consistent, they are not working towards it though some are working but they are not working harder because at some point you need to stretch yourself because nothing is easy so we should try as much as possible to work hard after setting and defining our goal.

It's very important to stick with your target no matter what Bitcoin price is. Like if you are accumulating at current price of 109,000$ and your target is Bitcoin price of 500,000$, then you need to have control over emotions when Bitcoin hit 200k, 300k or even 400k. We have recently seen few instances where Satoshi era wallets have sold there Bitcoins at staggering high rate of 120k$. The point to be noted is that these whales have not sold there Bitcoins at 10k nor at 50k but they waited for Bitcoin to touch there target price.

Before starting to invest, we need to set a specific goal and cannot sell Bitcoin investment until that goal is reached. As an investor, we need to hold Bitcoin with intelligence until we meet the specific goal in a disciplined manner, and no matter how low or how big Bitcoin falls in the meantime, we can never break our goal and sell Bitcoin, then this can be the reason for missing out on a bigger opportunity. We can never decide to sell our holdings due to temptation or panic, this is definitely wrong, we must stick to the goal we set, and ignore all obstacles, instability and greed. Those who can stick to their goals and decisions can ultimately benefit the most, so set a specific goal in Bitcoin investment, such as at least 1 cycle or 2 to 3 cycles or more, acording to your ability, and sell after reaching that goal, but before that, no matter what the situation is, the decision to sell cannot be made.

Having a discretionary income and then an emergency funds is very pivotal to your Bitcoin accumulation journey, this is because without them it is very difficult for an investor to achieve this specific goal that you talked about. Discretionary Income is the money left after settling all your basic needs and responsibilities. When you invest from this income, you will not be under any kind of pressure to break your plan/goal coz your daily life has already been covered.

Emergency fund on the the other hand functions as a kind of financial cushion for unplanned or unexpected situations. Without this safety net, you maybe forced to sell off your Bitcoin at a very wrong time( at a loss) just to attend those unplanned situations.

That is why every investor needs these two in place coz with them in place, you will be more likely to stick with our set goals and achieve them.

[Franklyn-wood]

Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

I doubt if people selling Bitcoin for short term profits that is trading actually know what they are doing, I once shared a story that I read how a man committed suicide because he regretted his actions of selling his Bitcoin too soon on getting to see where Bitcoin has gotten to and he calculated how much rich he could have become of if only he didn't sell too soon and concluded that nothing will ever make him to be that rich in life again and he ended up ending his life just like that, even though that was not a reason to take his life, Bitcoin is not really something to get in and get out too early, it is best for a long term and not for a fewer dollars profits, the future success is not guarantee yet it has the potential to go bullish perhaps it has been bullish if we consider from it's invention.

Some people are so adamant and not ready to listen to good advise from people that have been in the market for years.
Anyone that want to sell their Bitcoin can sell at their own peril but it would not be nice for an holder to sell because the price of Bitcoin is down. The goal should be to hold Bitcoin for at least 5 years or more before ever thinking of selling it.

I have friends that have been in this crypto space before me and they are the ones that used to advise me to never have the thought of selling because their are bigger opportunity in the future and anything that makes me to sell my Bitcoin holding could become a disaster in the future if I have no Bitcoin to showcase or prove that I've been with them for years. These men are real Bitcoin holders instructing me to hold like them. There are better things ahead so it's not a time to sell or take a stupid decision.

I am prepared to ride the market even if the price of Bitcoin goes down, I will not mind because it pays to hold that to stupidly sell and miss the opportunity that is yet to come. Bitcoin still remains the number in the space beit crypto, bond, stock or any other market.
No one should compare Bitcoin to any digital currency because it has a lot more to showcase.

[Showlove01]

Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

I doubt if people selling Bitcoin for short term profits that is trading actually know what they are doing, I once shared a story that I read how a man committed suicide because he regretted his actions of selling his Bitcoin too soon on getting to see where Bitcoin has gotten to and he calculated how much rich he could have become of if only he didn't sell too soon and concluded that nothing will ever make him to be that rich in life again and he ended up ending his life just like that, even though that was not a reason to take his life, Bitcoin is not really something to get in and get out too early, it is best for a long term and not for a fewer dollars profits, the future success is not guarantee yet it has the potential to go bullish perhaps it has been bullish if we consider from it's invention.

I will say that the person is foolish for killing himself reason because it is not worth it and the truth is that one can still invest again but at least he has learnt his lesson knowing that long term Is the goal in Bitcoin investment. So long as there is life there is hope we can do better only if one serious and determined. The funny part Is that there are still people till date that are selling their investment because of any slight change in the market, those are minor things (profit) compare to what awaits an investor in a long term.

[Liocen]

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

          -If you consider Bitcoin only as a means to make money, then you are not yet fully experienced with Bitcoin. Because big investors do not consider it only as a store of value. They consider it as their own currency. Just like we imagine gold and mineral oil. They never calculate how many dollars worth of Bitcoin they have, they always think about how many Bitcoins they have. And those who understand this will not or do not use Bitcoin to earn dollars. Let me give you a real example from my life - my father bought Bitcoin with his pension money 15 years ago. That is why I consider my father much wiser because he understood at that time that fiat currency has no value and only reduces the value of our assets. Maybe if my father had known about Bitcoin, he would have bought Bitcoin too. Currently, I am aware of Bitcoin and I have always believed that it will protect our property from inflation, so I want to convert a certain amount of my assets into Bitcoin so that it can provide me with financial security in the future.

[ZeroVinsonN]

Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

I doubt if people selling Bitcoin for short term profits that is trading actually know what they are doing, I once shared a story that I read how a man committed suicide because he regretted his actions of selling his Bitcoin too soon on getting to see where Bitcoin has gotten to and he calculated how much rich he could have become of if only he didn't sell too soon and concluded that nothing will ever make him to be that rich in life again and he ended up ending his life just like that, even though that was not a reason to take his life, Bitcoin is not really something to get in and get out too early, it is best for a long term and not for a fewer dollars profits, the future success is not guarantee yet it has the potential to go bullish perhaps it has been bullish if we consider from it's invention.

I will say that the person is foolish for killing himself reason because it is not worth it and the truth is that one can still invest again but at least he has learnt his lesson knowing that long term Is the goal in Bitcoin investment. So long as there is life there is hope we can do better only if one serious and determined. The funny part Is that there are still people till date that are selling their investment because of any slight change in the market, those are minor things (profit) compare to what awaits an investor in a long term.

The decision to commit suicide was weak minded, seeing how high the value of bitcoin had gotten should have motivated his to start investing in it again, if it already broke through people's expectations once it could definitely do so again, bless his soul, but he wasn't really much of an investor if he decided there was no point in living if one investment plan failed him, an investor will make a new investment plan and put it to action, start accumulating bitcoin and maintain his consistency in his buying plan and turn his regrets in celebration, the opportunity to invest is always there, a person just needs to actually start investing to see how much benefits will come with it.

[Gallar]

Investing for the short term or long term is actually fine for any investor because the goal is still to seek profit, and each investor has their own goals and targets. If the price rises 10%, selling it won't be a problem they just don't want the much larger profits that can be achieved by holding it for the long term.

What I disagree with is his statement that caution is needed when investing for the long term, when in reality, he should be careful with short term investments, because selling Bitcoin in the short term wastes an opportunity. For example, if he buys Bitcoin at $80,000 and sells it at $100,000, even though he makes a profit, he won't have the opportunity to buy it again at $80,000, or even $90,000, or even $10,000. So, it's better to invest for the long term to avoid regrets.

Yes, they're traders, so they wouldn't have a problem with that, as their thinking is likely limited to that. I don't blame them, but it's a shame they're taking actions that only benefit them in the moment. Investing in Bitcoin long-term, however, can yield significantly greater returns. Furthermore, holding Bitcoin long-term not only reaps profits but also protects our money from being eroded by inflation. I believe this is a crucial point, and many people may still be unaware of it.

However, I don't want to be pessimistic about anyone, as the steps taken by individuals in the investment world are, of course, what they consider best. So, the most important thing is holding it long-term, and I always pray that my Bitcoin holding goes smoothly, and that when the time comes to sell my Bitcoin, it will exceed my expectations. Because, in my opinion, that's the most important thing right now in my Bitcoin investment journey.

[Emjay24]

If you can save up to ten years in this way, there is a possibility of increasing the profit several times.

Bitcoin doesn't pay profits, the value of your investment is what keeps increasing, the more you expand your portfolio, the more the the value of your investment increases when the compounding effect of Bitcoin price appreciation acts on it positively and the value of your investment increases by a better margin 1.5x, 2x or more.

The value of your investment compound upon itself as Bitcoin price goes higher and the new higher value still keeps compounding on itself as you hold longer and Bitcoin keeps doing better, so what you're increasing by constantly investing and holding for the said 10 years is the value of your investment and not the profits

[DubemIfedigbo001]

Edited out....

maybe you don't know that the discretionary fund is what is used to invest in Bitcoin and it's gotten from some percent of your income generated on different intervals, I think you should do more research to know the right funds to be apportioned to different activities.

This is a wrong interpretation of discretionary income. Discretionary income is rather the funds remaining when you've taken out what is meant for handling your expenses from your total income and that's what you should use to invest into Bitcoin.

If you take out some percentage from your total income without first considering your expenses to be sure you actually have discretionary income, then you're getting it wrong since when the need to attend to such expenses arises, you'll have to sell your Bitcoin investment to contain them and worse case you may sell at a loss.

Again the first thing a new investing must do before investing into Bitcoin is to ensure he has discretionary income present and if he doesn't then there's need to work on his income to earn more and be sure of having discretionary income which he would use to buy Bitcoin.

 Discretionary income is recommended since you'll not be needing the money anytime soon and as such can put it into Bitcoin and go long-term with it.

[Yorubek]

Edited out....

maybe you don't know that the discretionary fund is what is used to invest in Bitcoin and it's gotten from some percent of your income generated on different intervals, I think you should do more research to know the right funds to be apportioned to different activities.

This is a wrong interpretation of discretionary income. Discretionary income is rather the funds remaining when you've taken out what is meant for handling your expenses from your total income and that's what you should use to invest into Bitcoin.

If you take out some percentage from your total income without first considering your expenses to be sure you actually have discretionary income, then you're getting it wrong since when the need to attend to such expenses arises, you'll have to sell your Bitcoin investment to contain them and worse case you may sell at a loss.

Again the first thing a new investing must do before investing into Bitcoin is to ensure he has discretionary income present and if he doesn't then there's need to work on his income to earn more and be sure of having discretionary income which he would use to buy Bitcoin.

 Discretionary income is recommended since you'll not be needing the money anytime soon and as such can put it into Bitcoin and go long-term with it.

I completely agree with you, but we must remember that to properly manage long-term investment in Bitcoin, it is very important to have a emergency fund for three months because the future is uncertain and none of us know anything about it specifically, so it is very important to have emergency fund to deal with unknown dangers. This makes it possible to properly manage long-term investment. By patiently following the right rules and regulations, we can expect profits in the future and protect ourselves from inflation.

[ultrloa]

I doubt if people selling Bitcoin for short term profits that is trading actually know what they are doing, I once shared a story that I read how a man committed suicide because he regretted his actions of selling his Bitcoin too soon on getting to see where Bitcoin has gotten to and he calculated how much rich he could have become of if only he didn't sell too soon and concluded that nothing will ever make him to be that rich in life again and he ended up ending his life just like that, even though that was not a reason to take his life, Bitcoin is not really something to get in and get out too early, it is best for a long term and not for a fewer dollars profits, the future success is not guarantee yet it has the potential to go bullish perhaps it has been bullish if we consider from it's invention.

I will say that the person is foolish for killing himself reason because it is not worth it and the truth is that one can still invest again but at least he has learnt his lesson knowing that long term Is the goal in Bitcoin investment. So long as there is life there is hope we can do better only if one serious and determined. The funny part Is that there are still people till date that are selling their investment because of any slight change in the market, those are minor things (profit) compare to what awaits an investor in a long term.

To dumb for them to think about that since they can recover the money they lose if they just learn from their mistake and eager to bounce back.

If they do such bad decision for doing harm on their selves they are just putting their family in big shame especially if people knows the reason on why they did that heinous act.

Investment for long term on Bitcoin is ideal to anyone and for sure that they get less pressure whatever situation happen on the market. This should be the top investment choice by people especially if they are seeking for reliable investment that will potentially deliver good profits for them in future.