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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 3441 times)
Miles2006
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May 08, 2024, 07:30:15 PM
 #401

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 get what popkon6 is trying to say, an investor will definitely create a goal and purpose why investing and all this can be considered as a target set to reach. The reason why it’s bad to view bitcoin investment as a short investment is because most investors come just for the gain and focus less on their investment, knowing fully well bitcoin investment is not all about the profit talk mostly when the investment is not yet mature. Most young investment has ended due  to quick profit and gain mindset, let’s say bitcoin profit need a long term plan not the one an investor sell with the mindset of buying back is wrong because it likely an investor will not see that price, expecting profit is not bad but how long and the portfolio level should be considered first before thinking about profit

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.

Focusing on past price before creating a long term plan for your investment is not valid. Sir Jayjuangee already stated it, past performance and price is not guarantee.
Past price performance does not guarantee future results.
Hamphser
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May 08, 2024, 07:59:36 PM
 #402

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.
Be versatile
Be realistic
Be sensible
Be good on handling emotions

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that.
Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing.
So results and outcomes would really be that different to each person on which its not really that shocking on this case.

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JayJuanGee
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May 08, 2024, 09:22:05 PM
 #403

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.

I might not disagree with your overall point @Cryptoprincess101 - because you seem to be just suggesting to keep accumulating and holding, but your description of all time high and bull market comes off as a bit confusing.

Largely we are currently in a bull market and we have been in a bull market since November 2022 - even though we might not have had realized it until mid-2023 or perhaps late 2023, so we have been in a bull market the whole time, until it might become confirmed that we are no longer in a bull market - and frequently by the time we realize we are no longer in a bull market, there might have already been quite a bit of BTC price correction by the time we realize it.

Sure, some people are going to call bear market or the end of the bull market many times, and frequently be calling the end of the bull market many times, until it is finally confirmed to end.

So in that regard, there could well still be several more ATHs in the next 6-18 months - even though none of them are guaranteed, so then there can develop some questions regarding what to do or how to approach the whole situation, if there would be a plan to keep buying all the way through it or to consider to just hold if the price goes high or to start to sell some at some point, yet the answer to many of those questions might not be so focused upon whether or not BTC is in a bull market or a bear market, but perhaps more focused upon how many BTC the person had already accumulated, when those BTC were accumulated and then what is the average cost per BTC, yet even having answers to those questions would likely not answer what the person could do or should do without perhaps exploring other aspects of the nine factors that might relate to timeline or even other investments that the person might have.. and a few of the other 9 factors might come into play, too.

And surely both you @ Cryptoprincess101 and SmartGold01 are in similar situations  of ONLY having had been into bitcoin for a short period of time, even though surely there could have had been more opportunities for SmartGold01 to have had been able to front run her bitcoin investment.. but still she do es not seem to indicate that kind of a frontloading taking place for her.. so I would still consider that there is a certain amount of just continuing to accumulate BTC, since there sre going to be difficulties in knowing if the BTC price is topping.. except maybe getting above $200k this year or above $350k in 2025 might start to feel "toppish," yet at the same time, we can hardly even know what is toppish without going through a whole cycle.. and perhaps buying on the way down... so it can be quite difficult to suggest how anyone still in their first cycle should be approaching their BTC investment.

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.

I see no reason to go back to 2010, since BTC was barely getting a price in 2010, so it is difficult to really be realistic when starting from a price of zero or near zero, and if you look back to 2013-2014, you will see a wide range of BTC prices between about $10 and $1,163 (which would be between 53x and 6,140x profits, so using that kind of a wide price range is also not very realistic, so there are needs to pick some kind of a date or a flat period. 

Frequently, I prefer to try to use the beginning of 2012 if I am going back to the earliest of dates, and that would be starting with BTC prices around $5.  So you can already see that with $5 as a base, we are getting somewhere in the 12,280x in terms of price appreciation .. so surely much more than the 10x to 12x that you were referring to.

And if we might want to start with $250 as our base (which approximately was the BTC price for a large period of 2015), then we are still getting in the ballpark of 245x price appreciation.

Of course, we use the period of late 2018 to even late 2020, we have BTC prices largely jumping around between about $3,124 and $13,880, so looking at that at the extremes of that period, we get between 4.5x and 20x, so surely that period could reasonably be a bouncing off period for a more reasonable range of 10x to 12x BTC price appreciation.

Anyway, you should try to be more accurate with your numbers, so you are at least close to being correct in terms of either the BTC price comparisons that you are referring to and/or the comparison of time periods.

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
Bravut
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May 08, 2024, 11:35:03 PM
 #404

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.
Be versatile
Be realistic
Be sensible
Be good on handling emotions

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that.
Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing.
So results and outcomes would really be that different to each person on which its not really that shocking on this case.



Bitcoin market is a very volatile market, yh we can’t predict the market but surely all financial markets have a roadmap which also helps us as we anticipate with previous and past datas. For me the most important factor is “plan”. This shapes everything anyone would do, if you stick to your plan I don’t see any need to fret, the market doesn’t always present the right time to buy or accumulate that’s what DCAing shades us from gives room whereby we buy without bothering about market prices.
You’re setting a plan you already know your ratio or the max return on your portfolio and your selling point over a given period of time not just a pump in price you sell or a drop you buy and sell it more or less gambling.
 
Invest wisely in a valuable asset like Bitcoin not a tradable coin.

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Tmoonz
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May 09, 2024, 05:27:07 AM
 #405

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.
Be versatile
Be realistic
Be sensible
Be good on handling emotions

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that.
Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing.
So results and outcomes would really be that different to each person on which its not really that shocking on this case.

Yes , there are a lots of uncertainty in the market and no guarantee based on speculations and predictions but surely we might need to consider what we believe to have certain possibilities as it will give us that emotional peace of mind to make an informed decisions that will accompany us in our investment journey, and most importantly by investing only the amount we can be comfortable with by understanding how much of our discretional/disposable income before making an investment.

Am not really comfortable with your naratives of buying when there is an opportunity like you suggested when the market dip or corrects, I mean that very part that I bolded,

I could say, that is more like a trading strategy than investing, because when it comes to Bitcoin long term investment any time you make purchases of Bitcoin is right and a good opportunity, the first best time  was yesterday and the second best time is today and waiting for a dip or corrections might just be a total waste of time especially for a no or low coiner who is meant to size every opportunities that shows it's self in the market, with dca you can buy Bitcoin irrespective of the price point on different intervals with a fixed amount of money either weekly or monthly according to your financial situation, while you make other arrangements of buying the dip with your reserved fund without over doing it in order have a sizeable worth of Bitcoin up to a reasonable amount while holding for a longer period of time of about 4 to 10 years or more before considering selling part of your investment as it pleases you.

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May 09, 2024, 07:17:56 AM
 #406

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
In Bitcoin investment we should be able to figure out the difference between reality and fantasy. Most persons somuch puts there expectations high or not being able to figure out a long term profit from a get rich quick scheme, that is why people often get disappointed when they see an ukward results. We should totally remove our mind from our investment and keep on fueling it on regular, not expecting a short term profit like some sort of gamblers.

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleeding. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
Hewlet
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May 09, 2024, 09:31:25 AM
 #407

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
In Bitcoin investment we should be able to figure out the difference between reality and fantasy. Most persons somuch puts there expectations high or not being able to figure out a long term profit from a get rich quick scheme, that is why people often get disappointed when they see an ukward results. We should totally remove our mind from our investment and keep on fueling it on regular, not expecting a short term profit like some sort of gamblers.
it's now very common for most bitcoinner that haven't stayed long in the system to have this kind of fancy idea about Bitcoin price which has led a lot of people to buying Bitcoin carelessly without putting necessary plan in place that will enable them HODL for a good amount of time regardless ot the current price of Bitcoin and you find out that those that just invested into Bitcoin due to the fancy idea they received from people are mostly the once complaining that Bitcoin hasn't gotten to $100k since the halving took place because they probably invested foe the short term hoping to get immediate returns and then sell out thier holding once the market gets bullish.

As someone that's buying Bitcoin from an investment standpoint, you have to be realistic enough and tell yourself the truth that it will mostly take longer duration of time before bitcoin gets too high above this current price and even if we are looking at it from another angle, Bitcoin has been in it bull for a very long time and has been very consistent till it got to this last ATH. And this kind of process we've seen lately that has still revolved around $50k to $70k isn't really any sort of bearish season most expecially for Those that have even invested up to three years ago so it's important to just keep stacking for the long term while getting assured of the reality that even if we still witness series of correction within the year before Bitcoin gets to $100k and above, we're almost 90% certain that buying at any of the price we've seen at the moment will still put us in a good profit margin in the next three to five years from now.



Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleading. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
while we still put in effort to discourage selling off our Bitcoin earlier than expected as it will in the process cause a serious reduction in the quantity of our stack, let's be realistic enough to know that making statement  Like "there is no success in trading for a short period of time" isn't totally true and might send a wrong message as though it's just only when you're able to buy for a long time that you will make profit out of your investment. if I can buy  a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money? I doubt at all. Making profit is always going to be at the centre of our Bitcoin investments and while in an ideal situation, it's best to HODL for a long period of time so as to get a good quantity of stack and then within such timeframe Bitcoin price might have gone all high putting us at a good profit, if anyone decides to make his investment decision earlier that this and still gets his profit out of his holding, then it's totally not out of place for the dude.

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May 09, 2024, 09:38:57 AM
 #408

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.
Be versatile
Be realistic
Be sensible
Be good on handling emotions

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that.
Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing.
So results and outcomes would really be that different to each person on which its not really that shocking on this case.



Bitcoin market is a very volatile market, yh we can’t predict the market but surely all financial markets have a roadmap which also helps us as we anticipate with previous and past datas. For me the most important factor is “plan”. This shapes everything anyone would do, if you stick to your plan I don’t see any need to fret, the market doesn’t always present the right time to buy or accumulate that’s what DCAing shades us from gives room whereby we buy without bothering about market prices.
You’re setting a plan you already know your ratio or the max return on your portfolio and your selling point over a given period of time not just a pump in price you sell or a drop you buy and sell it more or less gambling.
 
Invest wisely in a valuable asset like Bitcoin not a tradable coin.

If you discuss about hodling then predicting the price in the market is not really the main concern since what's important thing that we need to focus on is the timeline of our accumulation since if we could able to set plans regarding on when we should accumulate and how much funds we intend to use that there for sure we can be productive with this manner. Since if we talk about prediction then for sure we will start to doubt on any movements on the market. That's why its better to stay focus and stick on your plan since that prediction is just disturbance of all your plans.

Its a must do for us and think about bitcoin is investment for long term and not a short term asset to trade since this will bring you more risk to lose your money especially if you are not careful enough to deal with this coin.

R


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May 09, 2024, 10:29:48 AM
Merited by Zackz5000 (2), JayJuanGee (1)
 #409

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleading. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
while we still put in effort to discourage selling off our Bitcoin earlier than expected as it will in the process cause a serious reduction in the quantity of our stack, let's be realistic enough to know that making statement  Like "there is no success in trading for a short period of time" isn't totally true and might send a wrong message as though it's just only when you're able to buy for a long time that you will make profit out of your investment.
I don't think if you get my point clearly. In as much as I said there is no success in trading doesn't mean I am sending a wrong message, but telling you from my own paspective. Inrespespective of individual differences or people's opinions on trading, HODLing or whatever I still stand on my own opinion, that no much success is guaranteed in trading compeard to a long term investment. Although I can't disproof the fact that most people don't make money from trading but my main point of saying no success in trading is that people who trade often end up having problem of emotional imbalance between when to buy and sell which makes them sell at lost and would spend there time all day trying to check signal, ups and downs of candle sticks, why HODLers keep HODling up for longer duration and makes alot of profit without stress.

Let me take you back to early traders /gamblers, most of them who never knew the potential of bitcoin where trading on bitcoin regulary and making some little profit but as time goes on most of them became tired of little profit they made . They become tires and sold all bitcoin in there possetion, because they thought bitcoin would never do much better than the current up and down they where conversant with at that time. But the HODLers who where fortunate to have bought from the traders and keep in there portfolio are multimillioner because they were patient to HODl for long.


if I can buy  a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money?
You explanation doesn't fit to that of a trader Which you are trying to defend. You are making reference of a trader yet your explanation is still directing towers a HODLer and not a trader. If I may ask you a person who Baugh a$200k woth of bitcoin and made a profit of $100 in two years, is he a trader or a HODLer? In whatsoever way you sugercoat it HODLing for long guarantee more success than trade.
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May 09, 2024, 03:50:42 PM
 #410

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleeding. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
In fact, in my opinion it is a buy dip scheme not to DCA and it cannot be equated because in the end buying buy dips definitely tends to be active because what is done is to buy in every decline and momentum they get and will definitely be different from the DCA scheme which in this case is more passive because it only buys consistently or gradually in regardless of price fluctuations that occur.

In addition, Selling if it really increases your selling value indirectly this is also ultimately mixed into trading in the end especially if the time period is very short so that it is not included in the Investment anymore especially with the DCA scheme because buying at a low price and selling back after making a profit is certainly not an investment for a long period of time but trading that utilizes momentum with the Buy Dip scheme.

Even if it is up to you in the end but I think it is a little difficult to mix all the elements together because in the end it is DCA. Buy Dip and being a trader also cannot be used as a plan (for the whole) but it will be different if you choose one of them. at least it makes you not become confused about what you are doing whether doing DCA, Buy Dip or as a trader.

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May 10, 2024, 12:46:15 AM
 #411

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleading. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
while we still put in effort to discourage selling off our Bitcoin earlier than expected as it will in the process cause a serious reduction in the quantity of our stack, let's be realistic enough to know that making statement  Like "there is no success in trading for a short period of time" isn't totally true and might send a wrong message as though it's just only when you're able to buy for a long time that you will make profit out of your investment.
I don't think if you get my point clearly. In as much as I said there is no success in trading doesn't mean I am sending a wrong message, but telling you from my own paspective. Inrespespective of individual differences or people's opinions on trading, HODLing or whatever I still stand on my own opinion, that no much success is guaranteed in trading compeard to a long term investment. Although I can't disproof the fact that most people don't make money from trading but my main point of saying no success in trading is that people who trade often end up having problem of emotional imbalance between when to buy and sell which makes them sell at lost and would spend there time all day trying to check signal, ups and downs of candle sticks, why HODLers keep HODling up for longer duration and makes alot of profit without stress.

Let me take you back to early traders /gamblers, most of them who never knew the potential of bitcoin where trading on bitcoin regulary and making some little profit but as time goes on most of them became tired of little  profit they made . They become tires and sold all bitcoin in there possetion, because they thought bitcoin would never do much better than the current up and down they where conversant with at that time. But the HODLers who where fortunate to have bought from the traders and keep in there portfolio are multimillioner because they were patient to HODl for long.


if I can buy  a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money?
You explanation doesn't fit to that of a trader Which you are trying to defend. You are making reference of a trader yet your explanation is still directing towers a HODLer and not a trader. If I may ask you a person who Baugh a$200k woth of bitcoin and made a profit of $100 in two years, is he a trader or a HODLer? In whatsoever way you sugercoat it HODLing for long guarantee more success than trade.

People don’t still understand that Accumulating and Holding Bitcoin is the best approach and not Trading. This very point have been over emphasized over and over again. This shades is from panic, emotions, fear and careless about price movements and market fluctuations.
 
Bitcoin is a valuable asset not a Tradable coin to make profit off.

More persons are going to regret, accumulate as much as you can according to your plan. Have a system that pushes and propels you to your set Target in your accumulation journey.

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May 10, 2024, 03:27:58 AM
 #412

People don’t still understand that Accumulating and Holding Bitcoin is the best approach and not Trading. This very point have been over emphasized over and over again. This shades is from panic, emotions, fear and careless about price movements and market fluctuations.
 
Bitcoin is a valuable asset not a Tradable coin to make profit off.

More persons are going to regret, accumulate as much as you can according to your plan. Have a system that pushes and propels you to your set Target in your accumulation journey.

There are indeed many people who still don't understand how to hold Bitcoin, but we shouldn't say that for everyone because at this time there are certainly quite a lot of people who understand how to hold Bitcoin and that is much more feasible than trading it on the market. People who consider Bitcoin as an important asset that must be held for the long term will always make considerations when they want to sell Bitcoin and these people will even prefer to sell something else if there is still an option to keep Bitcoin in their wallet.

Because it is based on their own beliefs and thoughts about Bitcoin, so currently there are still some people who don't understand this. And I think those who still don't understand how to hold Bitcoin for the long term, they are people who only focus on small profits and don't think about how they will regret it when they see Bitcoin at a higher price after selling it.

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May 10, 2024, 09:07:41 AM
 #413

Be versatile
Be realistic
Be sensible
Be good on handling emotions

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that.
Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing.
So results and outcomes would really be that different to each person on which its not really that shocking on this case.

This advice would mostly work for traders and not holders cause they they actually looking at two different things, a trader woudl mostly be concerned about making sure that thigns go as planned and woudl try to anticipate market trends and all that but a holder would be looking at things from a stand point of investment maturity which would be to hold his bitcoin for a longer time frame, when the market dips he would be thinking of getting more bitcoin for himself.

A trader would have more problem with handling his emotions while a long term holder would know that his plan is to accumulate bitcoin for long term and corrections or fluctuations would be the least of his concerns, trading Bitcoin to me is a losers habit cause you are actually playing with one of the world's best asset now and worse of all trading requirements are much higher than a long term holder, I won't advice any newbie to go there.

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May 10, 2024, 04:08:08 PM
Last edit: May 10, 2024, 04:26:39 PM by Tmoonz
 #414

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleeding. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
In fact, in my opinion it is a buy dip scheme not to DCA and it cannot be equated because in the end buying buy dips definitely tends to be active because what is done is to buy in every decline and momentum they get and will definitely be different from the DCA scheme which in this case is more passive because it only buys consistently or gradually in regardless of price fluctuations that occur.

In addition, Selling if it really increases your selling value indirectly this is also ultimately mixed into trading in the end especially if the time period is very short so that it is not included in the Investment anymore especially with the DCA scheme because buying at a low price and selling back after making a profit is certainly not an investment for a long period of time but trading that utilizes momentum with the Buy Dip scheme.

Even if it is up to you in the end but I think it is a little difficult to mix all the elements together because in the end it is DCA. Buy Dip and being a trader also cannot be used as a plan (for the whole) but it will be different if you choose one of them. at least it makes you not become confused about what you are doing whether doing DCA, Buy Dip or as a trader.

I don't think if there would be any confusion if proper planning are made along the line or probably ahead of time where proper funds allocation can be a hegde as regards to achieving your goal and objectives, it doesn't really matters the strategy or strategies that is being employed, what is most important in it all is that an investor should not do it such a way that it is going to affect his personal life expenses which will make him to sell off his investment to satisfy his personal needs, it is very much ok if making use of various strategies will not affect his personal life expenses by not over allocating to his investment. utilizing various opportunities in the market with various strategies (combining various strategies) can be good as it puts you in a position of realizing a more sizeable worth of Bitcoin as it increases the quantity of Bitcoin in your bag which is meant to be our most concerned that is, making use of any strategy or strategies comfortably in order for us to have a reasonable size of Bitcoin and not to sell prematurely. Every investor must tailor down his choice of investment strategy or strategies that will suits him or her in terms of the following
     Factors to be considered


1. Financial situation

2. Risk tolerance level

3. Investment goals and objectives (investment horizon inclusive).
    

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May 12, 2024, 08:46:46 AM
 #415

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
edited
edited
edited

if I can buy  a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money?
You explanation doesn't fit to that of a trader Which you are trying to defend. You are making reference of a trader yet your explanation is still directing towers a HODLer and not a trader. If I may ask you a person who Baugh a$200k woth of bitcoin and made a profit of $100 in two years, is he a trader or a HODLer? In whatsoever way you sugercoat it HODLing for long guarantee more success than trade.

People don’t still understand that Accumulating and Holding Bitcoin is the best approach and not Trading. This very point have been over emphasized over and over again. This shades is from panic, emotions, fear and careless about price movements and market fluctuations.
 
Bitcoin is a valuable asset not a Tradable coin to make profit off.

More persons are going to regret, accumulate as much as you can according to your plan. Have a system that pushes and propels you to your set Target in your accumulation journey.
At the initial stage people want to enter the market environment with the aim of making more profit in short term investment which is trading. Market conditions help them learn a lot gradually but it is good to be familiar with the DCA method during the learning period. Because the strategy of depositing bitcoins every month or week helps him to be more enthusiastic and bolder in investing. He can get enough time in market analysis by applying DCA method. While this process is going on depositing BTC as well as extensive experience is available.

While BTC is a valuable asset, he can buy some even if the amount is small through the DCA method which will be a little size stash by running long. Bearish season continue to accumulate BTC at a moderate rate considering the increase in search and buying levels.

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Kelward
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May 12, 2024, 09:45:14 AM
 #416

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?
As of today, if you're specifically referring to Bitcoin, I'll say that it should buy buy and buy again, provided that you have the funds to do so, it's price as of today is $61k plus, it has been hovering between $58k and $64k,  and if compering to the $150k that most people are speculating to be the peak price in bull run, then today is still a good time to keep buying. Investors that have come this far to start selling doesn't make Bitcoin sense, except they're inexperienced about how Bitcoin seasons works. DCA remains the best method to stay focused on hodling.

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May 12, 2024, 10:22:44 AM
 #417

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?
As of today, if you're specifically referring to Bitcoin, I'll say that it should buy buy and buy again, provided that you have the funds to do so, it's price as of today is $61k plus, it has been hovering between $58k and $64k,  and if compering to the $150k that most people are speculating to be the peak price in bull run, then today is still a good time to keep buying. Investors that have come this far to start selling doesn't make Bitcoin sense, except they're inexperienced about how Bitcoin seasons works. DCA remains the best method to stay focused on hodling.

That's just it bro, yesterday opportunity might have been missed, but today is another opportunity to buy Bitcoin, I believe that we are still one of the early adopters, so buying more Bitcoin now is a big win for us on the longer run, and we just have to know this about Bitcoin, we can not be successful if we are not a long term investor, if as a person you are only thinking between now and the end of this year, then you are a trader too me, because you buy and once it appreciate in value a little bit, you sell, and to build a generational wealth, you don't do it that way, you need to have accumulated a very good stash of Bitcoin through the DCA accumulating strategy, while holding strong for like 5 - 10 year, if you can do that, you will always be grateful too yourself for making the right decision.

So in essence is that, if you have still not buy Bitcoin or still lacking behind in your accumulating journey, it will be best for you to keep pushing in the right direction, which is buying more and more Bitcoin , so that you won't miss out in the quest to build a generational wealth.

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May 12, 2024, 10:57:26 AM
 #418

People don’t still understand that Accumulating and Holding Bitcoin is the best approach and not Trading. This very point have been over emphasized over and over again. This shades is from panic, emotions, fear and careless about price movements and market fluctuations.
 
Bitcoin is a valuable asset not a Tradable coin to make profit off.

More persons are going to regret, accumulate as much as you can according to your plan. Have a system that pushes and propels you to your set Target in your accumulation journey.

There are indeed many people who still don't understand how to hold Bitcoin, but we shouldn't say that for everyone because at this time there are certainly quite a lot of people who understand how to hold Bitcoin and that is much more feasible than trading it on the market. People who consider Bitcoin as an important asset that must be held for the long term will always make considerations when they want to sell Bitcoin and these people will even prefer to sell something else if there is still an option to keep Bitcoin in their wallet.

Because it is based on their own beliefs and thoughts about Bitcoin, so currently there are still some people who don't understand this. And I think those who still don't understand how to hold Bitcoin for the long term, they are people who only focus on small profits and don't think about how they will regret it when they see Bitcoin at a higher price after selling it.
Gradually, people increase their knowledge about Bitcoin. We committed mistakes before by not buying Bitcoin at a very cheap price, but now, it has changed and we took the chance of buying in every correction we saw. It is accepting the fact that Bitcoin has changed someone's life making other people see its potential revenue. And see what happens to those who ignored Bitcoin before, they are now in regret.

Indeed, learning about Bitcoin has changed people, and think that investing in this stuff would give them a fortune. May the ROI is not instant but we are positive about it. Just to imagine that holding for at least 3 years will possibly triple our money, that is a lot.

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May 12, 2024, 11:01:49 AM
 #419

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 believe that's the dynamics of the market and one thing you most know is that there is ups and downs when it comes to investment and there is every possibility that after buying a certain coin it will likely appreciate as time goes by while in most cases it will depreciate after you have bought but so long as you invested on a good coin no matter how the price drops it will surely bounce back to it normal price.

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May 12, 2024, 03:56:53 PM
 #420

Just a singular buy is ok at present, sub 63k the near term is still appearing negative but most of what I expect is a drift sideways.   People generally only expect a binary option but sideways and circular movement but no real gain or loss is quite normal &  frustratingly common imo.

BTC is above the 12hr average today, see if it can close positive for today at least Smiley

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