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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 3469 times)
Hewlet
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May 07, 2024, 09:55:06 AM
Merited by JayJuanGee (1)
 #381

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?
I understand that you are curious about the right time to buy or sell coins. It can be tricky to predict the market, especially with its ups and downs. But it's important to consider your own financial goal and risk tolerance and make decisions that aligns with your own investment strategy. Investing in bitcoin the main strategy is to buy and HODl for a long term. Every Dip is an opportunity to keep buying and accumulate more bitcoin never minding the ups and down because it's part of bitcoin cycle.

Investing in bitcoin is about buying and accumulating a good amount of bitcoin regardless of the price fluctuations. So instead of wishing to sell bitcoin which has a lot of potential growth, it's important to focus on buying as much bitcoin possible and keep holding on to your bitcoin. It's all about possessing a good quantity of bitcoin, When you have accumulated enough Bitcoin, it can definitely put a smile on your face during selling time. It's the reward for your patience and belief in Bitcoin's potential.

Basically what I know is that an ideal investor must divide his funds into three parts. Will invest and leave to invest, and another tiger will use the emergency fund for that.  Because a man certainly does not need a reason to face the danger that he may get sick at any time, perhaps more uniquely because people need money at any time to meet their basic needs. But if you don't have an emergency fund then you will be forced to sell your accumulated investments, in which case you are likely to lose.  Therefore, to save your bitcoin holdings, you must meet the basic needs from the emergency fund and from here you can also buy Dips on time and hold them for the day.

it's not just about dividing your funds into three part that determines if you are actually doing the right thing or not, sometimes you have to understand that even after over dividing your funds into several parts and then allocating a portion of it for investing into Bitcoin, what you might have left that will go into Bitcoin investments might be too small putting you in a position where you have to take a longer time before you will be able to DCA a good amount of Bitcoin.

The emergency funds isn't something you have to always keep a portion of your earnings for every month during the time of your DCA, like it's been regularly said here, it could be that you have to set out at least a six months of your earnings as an emergency funds and after which you wouldn't need to add up on several intervals of time. As long as you are able to create an emergency fund that is strong enough to sorting out your needs for a good amount of months should emergency occurs, then you have no need to add up more funds to it but if thier is more funds, you might think on increasing the amount you're allocating into buying your Bitcoin. So if I should agree with what you're saying about dividing your funds into three part, it's should possibly take this order,
1. General up keep
2. DCA amount
3. Emergency funds ( which you can add up for a particular time after which you leave it that way and maybe use the allocation to add up to your DCA routine)

But then, it's all up to you to understanding what's peculiar to your situation and the trend of your income entry and exit and use it as a guide to making your plans.


Buying or selling comes in after you have reached a stage of were your accumulated Bitcoin is worth it maybe after a period of 4-10 years then you are already sure of how portfolio is running, and can sell part and still accumulate depending on your plan.
the issue about selling to buy back even after you've reached a seemingly comfortable point which might be your accumilation goal is that the chance of buying back at similar or less that the amount you sold your Bitcoin at the time is very slim and if you intend holding up for longer time and wait for a DIP price to buy back again, you might end up waiting so long and no one is even certain if you're going to be lucky with such strategy or not. But then, it's not still bad to take your profit or part of your profit when you've reached your goal because at the end of the day, the purpose why you're buying Bitcoin isn't just to leave it in the system forever but to at certain time take your profit or holding but still you've got to know the right time to buy and the best time to have reached a point which you can comfortably talk about selling so you don't think about selling your holding when you ought to be buying more Bitcoin.

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May 07, 2024, 09:58:22 AM
 #382

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?
I understand that you are curious about the right time to buy or sell coins. It can be tricky to predict the market, especially with its ups and downs. But it's important to consider your own financial goal and risk tolerance and make decisions that aligns with your own investment strategy. Investing in bitcoin the main strategy is to buy and HODl for a long term. Every Dip is an opportunity to keep buying and accumulate more bitcoin never minding the ups and down because it's part of bitcoin cycle.

Investing in bitcoin is about buying and accumulating a good amount of bitcoin regardless of the price fluctuations. So instead of wishing to sell bitcoin which has a lot of potential growth, it's important to focus on buying as much bitcoin possible and keep holding on to your bitcoin. It's all about possessing a good quantity of bitcoin, When you have accumulated enough Bitcoin, it can definitely put a smile on your face during selling time. It's the reward for your patience and belief in Bitcoin's potential.
I got so interested in the part you said that every dip is one good opportunity to buy more. Buying the dip can be important not minding the buying strategy an investor adopts. During the market peak one should be buying, even when it is in between and also the dips. This theory explains that investment should be made consistently at every price through a well structure pattern until the goal is met. Buying the dip is a form of aggressive buying when your dcaing, and it implies when an investor has extra funds that won't affect his dca.

Consistence in buying is very important no matter the market conditions, that is the fastest way to reach a goal instead of trying to time the market.

Consistency on your accumulation is really important since if you get affected on each situation happen then maybe there's a failure will follow in that condition. So to avoid committing mistakes then maybe they should forgot about thinking to buy in the dip and accumulate since there's nothing will happen to them in that case also they are far to succeed since in that case they are skeptical on their investment since they always seek for dip which sometimes hard to spot. DCA is good strategy this is been discussed for so many times and many people explain on how to execute this method so newbies should try to learn this since this could make them more effective if they can do this strategy so well.

R


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May 07, 2024, 03:41:30 PM
 #383

When it comes to investing, everyone expects to buy at as low a price as possible so that he can take more profit. That should be the main objective of all investments and there should be no doubt that investment success in Bitcoin can be several times higher, double or triple.

Actually I think I will have to disagree with you on that because as an investor who intend to accumulate Bitcoin for holding you should not put your accumulation method only when the price is low because channeling your investment on dip means that you are obviously not ready to start accumulating Bitcoin, perhaps what if Bitcoin price continues to increase and doesn't make any dip does mean that you will not be able to accumulate?.

Actually I know that interms of investment buying when the price has falling also have a good advantage but however you most understand that Bitcoin is nothing like any other investment which is why they say that know time is wrong when it comes to Bitcoin investment, so perhaps the time you could be using waiting for the price fall you can actually use it to accumulate a good amount of Bitcoin because in the future you will see the need.

.
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Obim34
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May 07, 2024, 03:45:18 PM
 #384

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?
I understand that you are curious about the right time to buy or sell coins. It can be tricky to predict the market, especially with its ups and downs. But it's important to consider your own financial goal and risk tolerance and make decisions that aligns with your own investment strategy. Investing in bitcoin the main strategy is to buy and HODl for a long term. Every Dip is an opportunity to keep buying and accumulate more bitcoin never minding the ups and down because it's part of bitcoin cycle.

Investing in bitcoin is about buying and accumulating a good amount of bitcoin regardless of the price fluctuations. So instead of wishing to sell bitcoin which has a lot of potential growth, it's important to focus on buying as much bitcoin possible and keep holding on to your bitcoin. It's all about possessing a good quantity of bitcoin, When you have accumulated enough Bitcoin, it can definitely put a smile on your face during selling time. It's the reward for your patience and belief in Bitcoin's potential.
I got so interested in the part you said that every dip is one good opportunity to buy more. Buying the dip can be important not minding the buying strategy an investor adopts. During the market peak one should be buying, even when it is in between and also the dips. This theory explains that investment should be made consistently at every price through a well structure pattern until the goal is met. Buying the dip is a form of aggressive buying when your dcaing, and it implies when an investor has extra funds that won't affect his dca.

Consistence in buying is very important no matter the market conditions, that is the fastest way to reach a goal instead of trying to time the market.

Consistency on your accumulation is really important since if you get affected on each situation happen then maybe there's a failure will follow in that condition. So to avoid committing mistakes then maybe they should forgot about thinking to buy in the dip and accumulate since there's nothing will happen to them in that case also they are far to succeed since in that case they are skeptical on their investment since they always seek for dip which sometimes hard to spot. DCA is good strategy this is been discussed for so many times and many people explain on how to execute this method so newbies should try to learn this since this could make them more effective if they can do this strategy so well.
At this point, our utmost interest should be on buying Bitcoin, anything contrary to purchasing at this point in time is amounting to missing out opportunities that could have helped us increase our portfolio significantly. The DCA approach is a consistent kind of investment pattern, more efficient than other approach because it reduces the risk of selling too early and builds ones wealth as time goes on and in same approach can also be compiled with buying the DIP, both goes along. It's  either we DCA and aswell buy the DIP than alone wait on buying the DIP, it's more like killing two birds with one stone.

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May 07, 2024, 06:12:39 PM
 #385

When it comes to investing, everyone expects to buy at as low a price as possible so that he can take more profit. That should be the main objective of all investments and there should be no doubt that investment success in Bitcoin can be several times higher, double or triple.

Actually I think I will have to disagree with you on that because as an investor who intend to accumulate Bitcoin for holding you should not put your accumulation method only when the price is low because channeling your investment on dip means that you are obviously not ready to start accumulating Bitcoin, perhaps what if Bitcoin price continues to increase and doesn't make any dip does mean that you will not be able to accumulate?.

Actually I know that interms of investment buying when the price has falling also have a good advantage but however you most understand that Bitcoin is nothing like any other investment which is why they say that know time is wrong when it comes to Bitcoin investment, so perhaps the time you could be using waiting for the price fall you can actually use it to accumulate a good amount of Bitcoin because in the future you will see the need.


I totally agree to your sentiment bro, what most investors have fail to understand is that buying only the deep as a Bitcoin investor is actually not ideal because you are definitely going to miss a whole lot of buying opportunities, because they will initially thought that the price will go even deeper,  which they will fail to buy most times.

But someone that is buying through the DCA accumulating strategy will keeps on buying regardless of the price, and he or she will keep on buying, and he will definitely buy the lowest part of the deep that the person utilizing lump sum method might missed, so in essence of all this is that, as long as you are a long term investor, no time to buy Bitcoin is better than now, so it's best to utilize this buying opportunity now it's still available.

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May 07, 2024, 08:25:08 PM
 #386

This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and  more then you would see that when the market bounces back then you have double of what you had invested earlier.
You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with.  There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.
Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.

This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?

Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.
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May 07, 2024, 08:34:53 PM
 #387

This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and  more then you would see that when the market bounces back then you have double of what you had invested earlier.
You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with.  There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.
Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.
This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?
Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well.

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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May 07, 2024, 09:23:28 PM
 #388

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well

Imo, I don't think we should be bothering ourselves with such matter as an long-term holder, concerning if bitcoin going to hit a new ATH or not . Though they may be high chances of bitcoin hitting a new ATH and all that . But is also a possibility for Bitcoin to start dipping, but still we are expecting something huge from bitcoin but still we can't tell . But that's shouldn't me we should sell either, we just have to hold and keep accumulating, and to me is a good thing that Bitcoin haven't create the massive ATH everyone has been waiting for, for now . Because delay is actually given us more opportunity to accumulate more bitcoin stashes for holding.

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May 07, 2024, 10:24:00 PM
 #389

So what you want to do is DCA or Buy Dip because looking at what you said here I think it's mixed between buying DCA or doing Buy Dip by waiting for the price to go down?

You have to think about this well in addition, when looking at long-term investments for bitcoin I think we should also be aware that we don't need to think about ATH for now if the goal is for the future because our goal is not ATH today especially if just starting to invest. Although ATH is now very profitable but when your target is not the current value I don't think we need to think too much and sell at ATH now because our goal is the future which does allow the price to be higher so that we are not affected by the price whether it is experiencing an increase and decrease because our goal is the future unless indeed you want to be a trader where buying when the price is cheap and selling when it is profitable only that is not an investor but a trader in the mention.

Yes a lot of folks are tempted by trading, and so of course, they are free to do what they like and sometimes the amounts that they are selling and making profits in dollars are not really even very much, but some folks want to spend their time in that kind  of a practice rather than just continuing to buy bitcoin over a whole cycle or more. .and then maybe reassessing their situation after they have spent some time building up a BTC stash.. if they have built up a BTC stash buy just engaging in various forms of buying (lump sum, DCA and buying on dips), then they likely will be more informed about what to do and/or how much capital they might want to put into trading rather than just staying in a practice of investing.

This can indeed happen because it is based on the initial assumption that trading can be more profitable than investing but in the end when you experience trading, the results will not be as easy as previously thought because in the end the brief thought of trading being more profitable than investing is not accompanied by thinking about the worst possibility of greater risks that must be faced.

Investing in bitcoin already has risks and trading ultimately has a much greater risk especially for the problem of loss. But most people don't think about this well because of rash decisions.

In addition for now it seems that there are still some people who are not really aware of how to invest so that sometimes there are not a few people, especially for beginners who sometimes misunderstand the meaning of trading and investment which makes the plans they will build a little complicated because the initial understanding is mixed due to lack of understanding of investment and trading.

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May 07, 2024, 10:36:11 PM
 #390

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well

Imo, I don't think we should be bothering ourselves with such matter as an long-term holder, concerning if bitcoin going to hit a new ATH or not . Though they may be high chances of bitcoin hitting a new ATH and all that . But is also a possibility for Bitcoin to start dipping, but still we are expecting something huge from bitcoin but still we can't tell . But that's shouldn't me we should sell either, we just have to hold and keep accumulating, and to me is a good thing that Bitcoin haven't create the massive ATH everyone has been waiting for, for now . Because delay is actually given us more opportunity to accumulate more bitcoin stashes for holding.
I believe before anyone gets involved in starting an investment, he or she must have done some research and most importantly, he or she must have atleast a target frame he would like to achieve before thinking of the act to sell your coins. Before now I would argue that most persons weren't of the simple understanding and knowledge that's follows when the plan for your HODLings is actually pinned at long term purpose but with all the past experience and journey Bitcoin has undergone the believe that something huge is building can't be denied anymore so now it just boils down to how you prepare yourself and again despite the everything that's happening to Bitcoin, the fact is still clear that Bitcoin is always moving upwards even when it's dipping that's only if you get what I mean, so selling because of the fear of Bitcoin not going up just not and never a good choice but once again the choice is yours you can make do with it anyhow but be rest assured that there is also a word called regret.

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May 07, 2024, 11:38:22 PM
 #391

This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and  more then you would see that when the market bounces back then you have double of what you had invested earlier.
You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with.  There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.
Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.
This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?
Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well.
No that is not my intention to end up selling off my bitcoin just for a fraction of profit which I knows I could end up having more than that for long term holding and of a true, whomever that knows the potential which bitcoin has would never in a haste rush to cheaply disposed his holding rather trying to accumulate the more the increase his portfolios. As an long bitcoiner who knows more or little about bitcoin shouldn't in just a day sell off his holding for just a muscle of percentage which I knew won't profit me for long rather would regret for ever having that decision to sell bitcoin without holding for long time.
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May 07, 2024, 11:51:51 PM
 #392

This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and  more then you would see that when the market bounces back then you have double of what you had invested earlier.
You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with.  There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.
Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.

This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?

Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.

I don't think Bitcoin reaching the ATH or creating new ATH should influence our investment plan because so long as the intention of the investors is for a long term holding those things will not be considered as a factor, it obvious that in a time to come Bitcoin price will rise beyond our expectations, so we can make all the assumptions we want but if people are not able to accumulate while they can they will end up not partaking what the future will holds for Bitcoin so perhaps right now it doesn't matter if the Bitcoin will create another ATH but what matters now is how consistent you should be on the Bitcoin accumulation.
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May 08, 2024, 03:20:14 AM
 #393

This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?

Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.
Saying we have achieved a new ATH of 2024 makes it looks like ATH is created every year but I want us to understand something, the market is determined by itself whether the price of Bitcoin will soar high or reduce and it is the price movement that will lead to creating a new ATH and since there is no much investors coming in makes the market to look stagnant and revolving within some price limits and falls. Even if the approval of Bitcoin spot ETFs made bitcoin achieve a new ATH before the halving but yet another new ATH may not be created again till after the bull market so there is no need to hope on Bitcoin reaching a new ATH again as you can just HODL your Bitcoin whether a new ATH comes or not but since your plan is to hold for a long term.

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May 08, 2024, 10:09:20 AM
 #394

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well

Imo, I don't think we should be bothering ourselves with such matter as an long-term holder, concerning if bitcoin going to hit a new ATH or not . Though they may be high chances of bitcoin hitting a new ATH and all that . But is also a possibility for Bitcoin to start dipping, but still we are expecting something huge from bitcoin but still we can't tell . But that's shouldn't me we should sell either, we just have to hold and keep accumulating, and to me is a good thing that Bitcoin haven't create the massive ATH everyone has been waiting for, for now . Because delay is actually given us more opportunity to accumulate more bitcoin stashes for holding.
You are right, that many investors buy at period lows and hold BTC and wait for ATH to sell but he should have taken a more aggressive strategy at regular intervals. Actually you can guess in many ways but in reality most of the discrepancies are there. We may see more ATHs but when rather than waiting for that, consistently accumulating BTC through DCA strategy is definitely one of the better decisions. Investors should be motivated to buy BTC more aggressively during opportunistic bearish that may return again and again as the target is very high profits.

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May 08, 2024, 12:22:08 PM
 #395

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well

Imo, I don't think we should be bothering ourselves with such matter as an long-term holder, concerning if bitcoin going to hit a new ATH or not . Though they may be high chances of bitcoin hitting a new ATH and all that . But is also a possibility for Bitcoin to start dipping, but still we are expecting something huge from bitcoin but still we can't tell . But that's shouldn't me we should sell either, we just have to hold and keep accumulating, and to me is a good thing that Bitcoin haven't create the massive ATH everyone has been waiting for, for now . Because delay is actually given us more opportunity to accumulate more bitcoin stashes for holding.
You are right, that many investors buy at period lows and hold BTC and wait for ATH to sell but he should have taken a more aggressive strategy at regular intervals. Actually you can guess in many ways but in reality most of the discrepancies are there. We may see more ATHs but when rather than waiting for that, consistently accumulating BTC through DCA strategy is definitely one of the better decisions. Investors should be motivated to buy BTC more aggressively during opportunistic bearish that may return again and again as the target is very high profits.

Investing for the purpose of profit is foolish, if you accumulate bitcoins for a long time then profits will definitely be earned because the price of bitcoin will increase the most in the future. If you don't believe that then you look back to 2013-2014 or 2010, you will definitely find the real truth about Bitcoin price. But keep in mind that Bitcoin has increased by 10-12 times since today and the peak price of Bitcoin can be observed. So I think Bitcoin Hold is most efficient for long term.

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May 08, 2024, 01:29:42 PM
 #396

I don't think Bitcoin reaching the ATH or creating new ATH should influence our investment plan because so long as the intention of the investors is for a long term holding those things will not be considered as a factor, it obvious that in a time to come Bitcoin price will rise beyond our expectations, so we can make all the assumptions we want but if people are not able to accumulate while they can they will end up not partaking what the future will holds for Bitcoin so perhaps right now it doesn't matter if the Bitcoin will create another ATH but what matters now is how consistent you should be on the Bitcoin accumulation.

Our task now is to think about ourselves in making Bitcoin accumulations and continuing to buy to store them without being affected by any events including the ATH in Bitcoin itself. Although this can also provide more enthusiasm for investors who like to buy and continue to accumulate Bitcoin in order to save it in the long term as their initial plan. I think you will be able to feel your own pleasure when you focus on accumulating Bitcoin for yourself without thinking about other people who don't want to do it because thinking about other people is not our job as people who already have a focus on investing in Bitcoin. Unless that person is someone in your own house.
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May 08, 2024, 01:53:35 PM
 #397

Investing for the purpose of profit is foolish, if you accumulate bitcoins for a long time then profits will definitely be earned because the price of bitcoin will increase the most in the future.
I disagree with you completely. How can you come up with such strong term as though profit is not the first motivation for investing in Bitcoin. Weather long term or short team investment, the main purpose for investing in Bitcoin is to make profit. Recommendation for long term investment is to ensure that enough time is given for the investment to yield the desired profits and for the investment to be optimally managed. In addition, the risk of loss is greatly reduced when the investment is given enough time to mature. These are the reason we think encourage people to consider long term and not that short term does not give profit neither should we regard those who play for short term as fools.


R


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Marvelockg
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May 08, 2024, 03:15:09 PM
Merited by JayJuanGee (1), Stablexcoin (1)
 #398

Investing for the purpose of profit is foolish, if you accumulate bitcoins for a long time then profits will definitely be earned because the price of bitcoin will increase the most in the future.
I disagree with you completely. How can you come up with such strong term as though profit is not the first motivation for investing in Bitcoin. Weather long term or short team investment, the main purpose for investing in Bitcoin is to make profit. Recommendation for long term investment is to ensure that enough time is given for the investment to yield the desired profits and for the investment to be optimally managed. In addition, the risk of loss is greatly reduced when the investment is given enough time to mature. These are the reason we think encourage people to consider long term and not that short term does not give profit neither should we regard those who play for short term as fools.
I guess one of the things some people fail to put in the right perspective is that they fail to have the right knowledge as to why they are even making investment in the first place and some don't understand what's the place of long term holding while buying Bitcoin. If someone takes away profit out of Bitcoin investment, then what he is doing isn't investing in Bitcoin but rather saving in Bitcoin. I wouldn't say be that @Popkon6 is totally wrong with his ascertion most expecially considering the angle he tend to be coming from which is that if anyone invest in Bitcoin for the long term the person will still make profit out of it. But the truth is that every investor will be excited that he gets his profit from his Bitcoin investment over a shorter period of time rather than waiting too long before being in profits.

To create a balance here, we need to tailor down our argument to knowing that Bitcoin is an asset that mostly favours long term holders based on somany factor like;
1. Giving you the ability to stacking a good amount of Bitcoin over the long period of time
2. Since from past Bitcoin price movement and considering the level of adoption that Bitcoin is getting it's clear that in the long run Bitcoin will become a massively valuable asset, it's just best to invest with a long term mindset
3. Since for those that are buying Bitcoin to better prepare for Early retirement, taking out your profit even when you're in a good profit region wouldn't necessarily be a good idea and for some, it would just be right to keep buying Bitcoin till you're off the payroll and then you can use the proceeds to sort out your retirement plan.

In summary, profit is always going to be at the centre of our Bitcoin investments since that's actually what makes it a better investment option compared to other assets but when we choose to take our profit and how much Bitcoin we aim to get before talking about taking our profit is what makes long term holding of Bitcoin the best for an average investor. No one really knows if in the next 20, 50 or 60 years, if Bitcoin will still be this Relevant or not so I don't really think we should just talk about holding for too long a time without necessarily considering the profit that comes from investing into Bitcoin.

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May 08, 2024, 03:34:57 PM
 #399

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well

Imo, I don't think we should be bothering ourselves with such matter as an long-term holder, concerning if bitcoin going to hit a new ATH or not . Though they may be high chances of bitcoin hitting a new ATH and all that . But is also a possibility for Bitcoin to start dipping, but still we are expecting something huge from bitcoin but still we can't tell . But that's shouldn't me we should sell either, we just have to hold and keep accumulating, and to me is a good thing that Bitcoin haven't create the massive ATH everyone has been waiting for, for now . Because delay is actually given us more opportunity to accumulate more bitcoin stashes for holding.
You are right, that many investors buy at period lows and hold BTC and wait for ATH to sell but he should have taken a more aggressive strategy at regular intervals. Actually you can guess in many ways but in reality most of the discrepancies are there. We may see more ATHs but when rather than waiting for that, consistently accumulating BTC through DCA strategy is definitely one of the better decisions. Investors should be motivated to buy BTC more aggressively during opportunistic bearish that may return again and again as the target is very high profits.

Investing for the purpose of profit is foolish, if you accumulate bitcoins for a long time then profits will definitely be earned because the price of bitcoin will increase the most in the future. If you don't believe that then you look back to 2013-2014 or 2010, you will definitely find the real truth about Bitcoin price. But keep in mind that Bitcoin has increased by 10-12 times since today and the peak price of Bitcoin can be observed. So I think Bitcoin Hold is most efficient for long term.


This is one reason why it's good to cross check the information you are trying to give out to the public, I think you maybe trying to say that investing for short term profits is foolish and a long term approach would be better cause the example and illustrations you gave resembles what I just said.

Investing for the purpose of profit is foolish, if you accumulate bitcoins for a long time then profits will definitely be earned because the price of bitcoin will increase the most in the future.
I disagree with you completely. How can you come up with such strong term as though profit is not the first motivation for investing in Bitcoin. Weather long term or short team investment, the main purpose for investing in Bitcoin is to make profit. Recommendation for long term investment is to ensure that enough time is given for the investment to yield the desired profits and for the investment to be optimally managed. In addition, the risk of loss is greatly reduced when the investment is given enough time to mature. These are the reason we think encourage people to consider long term and not that short term does not give profit neither should we regard those who play for short term as fools.



I agree with you, I believe that the first thing why anyone wants to invest is to have his money work for them and definitely produce profits, and I think that the idea that we should keep in mind that our investment might not produce profits tend to be giving the wrong expression to folks here.

IMO that is meant for everyone to prepare ahead and know that there could also be a possibility for a bad thing to happen but that is a very less likely possibility but we should also prepare ahead and keep that in mind and also invest what we can afford to lose.

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May 08, 2024, 04:58:38 PM
 #400

This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?

Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.
Saying we have achieved a new ATH of 2024 makes it looks like ATH is created every year but I want us to understand something, the market is determined by itself whether the price of Bitcoin will soar high or reduce and it is the price movement that will lead to creating a new ATH and since there is no much investors coming in makes the market to look stagnant and revolving within some price limits and falls. Even if the approval of Bitcoin spot ETFs made bitcoin achieve a new ATH before the halving but yet another new ATH may not be created again till after the bull market so there is no need to hope on Bitcoin reaching a new ATH again as you can just HODL your Bitcoin whether a new ATH comes or not but since your plan is to hold for a long term.
It's a circle and a market principle we must experience and the market always maintain its principle, and again we don't experience ATH every year rather it is created every single 4 to 5 years to come. Market is volatile if I may say but as trader or investor who has decided to venture into bitcoin would only exercise patient and of course for bitcoin investment long term hodling is always the best option. The halving we experienced made lot of people think would experience another this year but of a true seeing another ATH is under probability we may or may not but surely the bull run is by the corner and this could be possible from next year.
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