Buy Buy Buy or Sell Sell Sell?

[Tungbulu]

[edited out]

In all I pray we don't meet issues or problem that is bigger than our emergency, reserves and float funds.

In other words, as long as we actually have discretionary income to invest, the overwhelming majority of us should be able to build up our finances and our other resources so that we do not have to dip into our bitcoin investment at a time that is anything other than our own choosing... Sure if we end up getting hit by a bus or have some other really major situation that might both add to our expenses and remove some or all of our ability to earn an income, then surely those could end up playing out as situations in which we end up both depleting our emergency funds and/or also having to dip into some or all of our bitcoin investment.

Indeed, it's very important to have discretionary income to invest and also build up one's finances and resources too as this could provide one some sort of leverage against unexpected and unforeseen circumstances that may possibly arise in the future, as it'll allow individuals to tackle the situations without having to dip into their investment for financial support.

Having a solid emergency fund as well as other resources such as your personal savings, reserve or float funds and even insurance can come in handy to cover unplanned expenses or financial shocks like medical bills, car repairs or possibly loss of one's job. All these sort of emergencies could be easily taken care of, while your investment is still left to grow uninterrupted, except of course you intentionally wish to withdraw or sell your holdings.

Your example of unexpected events which you mentioned, like getting hit by a bus and others, points out just how important it is to have a comprehensive and solid financial plan, such as.
1. Emergency funds
2. A sustainable stream of income
3. Insurances e.t.c.

The availability of a comprehensive and solid financial plan/foundation helps individuals to be able to navigate unforseen circumstances and make informed decisions when it has to do with their investment, without necessarily having to dip into their investments for financial support to sort out such emergencies.

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

[chigo]

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.

It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.

[Moreno233]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

[Sim_card]

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

First of all to correct you, we are talking about bitcoin and not shitcoin. I understand everything that you said that I am not disputing any of your points. I am only talking about a new investor who wants to start his bitcoin journey that has no knowledge about reading charts and candle sticks. It is not everyone that will be good or have the patience to learn about trading because they are busy doing other things in real life.

Investing is very easy and does not need much knowledge to get started. All what I am saying is that it is very easy to just keep on DCAing for them because they don't have any knowledge of the market so that they don't distract their focus on accumulating as fast as possible using DCA persistently and constantly. If their bitcoin portfolio have reached a level, they can tweak to whatever strategy that they believe will work best for them as long as they don't stop accumulating and hodli.

I don't know how to read charts and I don't put the dip in heart, I only stick to my regular DCA weekly, and when I have an extra cash, I lump sum be it the or not. I have being lucky to lump sum during the dip last year so I understand what you mean.

[Jewan420]

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Yes, you are definitely right. It is better to take a loan for emergency settlement if the emergency fund is out of stock. However, there are different types of emergencies. Depending on the type you need to understand when taking a loan is good and when taking a loan is bad. When you have cash in your account / your house but you don't have enough money where you are staying and you need emergency money. At that moment your account/household cash is not accessible to you, taking a loan can be a good option at that moment. When you face a big danger and you need a lot of money, but you don't have enough money at that moment, after a few days you will have money and you will be able to pay off the debt. In such a situation, taking a loan can be a good option.

Taking a loan can be a bad thing when you need some money but it won't hurt you if you don't have the money at that moment. Borrowing when you don't need the money, but to keep yourself in decent shape, can be a very bad habit.

When one is in a very urgent situation and taking a loan may fail to repay the loan, one can try to seek help from one's family/relatives without taking the loan. If no one helps, you can be forced to take a loan. I think it is a good idea to avoid excessive borrowing, be it investment related or not.

[Ruttoshi]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

When investing you need to stay focus and avoid side distraction. Those who don't take their emergency funds as their priority will end up failing in their bitcoin accumulation journey. People who can use their own personal emergency funds to help someone that is not his financial responsibility is gambling and will even sell part of their bitcoin to help people. This means that person might end up not having money to help people whereas they still need help.

This is why I will never use my personal emergency funds for someone that is not my responsibility to take care of, because my bitcoin investment is what I plan to achieve success on without any fault from Mismanagement of the funds that i will use to succeed in it. People should plan and take care of their own emergencies themselves.

[Pi-network314159]

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic

you sounded pretty much like I said so. though we might be saying almost thesame thing but I never included "expecting bitcoin to pay you off before the expected date"what I said is that "Loan may be bad if not properly used. but may be good when used properly" and I further said that the good side include taking loan to settle emergency when you are out of emergency fund. and I mean what I said because most times people may be short of emergency fund expecially after they may have used their reserved fund to recently invest in bitcoin and will be left with a little or lesser amount and emergency happens beyond the amount kept for it. definitely such person would need a loan to sort out things which may be paid later after they may have received monthly payment. my advice emphasis on not taken loan to settle a serious emergency and taken another loan to settle loan the first loan, instead the person should use his salary. while I said this is that most people may use the sake of not tampering their bitcoin or selling their bitcoin, they may take another loan somewhere to pay off the outstanding one which could have been settled with their salary. and this may complicate the whole issue. though I may not have explained to this extent but that was exactly what I meant. you know sometimes the way people reply a comment may change the intended explanation and  it becomes misleeding to such person and that is what you have just done right now. checking the rest part of your comments which was edited out is off key of what am saying.

 

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

There is no urgent situation in investment so in this case i don't really agree with borrowing for the reason of "urgency" considering that in this case the investment made is not a force that must be made but is indeed a situation where we are ready to make an investment without having to interfere.  In our economy,there is no such thing as forcing oneself, let alone going into debt.  so its clear that there is a little question about how to invest and manage your money when you are in debt and under pressure when investing.

well I may not be able to reply all you have said, but let me summarise by saying that we can not deny the fact that taken loan is good. no matter how loan may appear or mean to you, it is still important in some cases expecially when used properly. if you read my reply above, which I replied Zack you will understand why loan is important in bitcoin investment. when I talk about taken loan I did intend saying that we should take loan to invest in bitcoin or whatsoever, I mean taken loan to sort out some emergency or urgency issues as you may call it, am surprised that you could say that there is no need to take loan for "urgency" in investment. because no matter how smart and economical we might tend to be there is always that urgency that we require loan, it may be that you haven't experienced it but that doesn't mean that others didn't so you can't use your situation to judge for others. just know that once in a while there is that urgency pops up, but not always.

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

I buy your idea @Zackz5000. Before an investor thinks of obtaining loan just to invest in Bitcoin, such investor must have a bearing of which he can pay back in due time and not expecting to pay back through ROI on Bitcoin which I believe is unhealthy and bad idea, because some times the Bitcoin might not move as expected of which we must always be open to uncertainties that might occur. The loan can be obtained on the ground of speeding up the accumulation process, as well we should also understand the need that such loan is business oriented.

I think most times people have alot of problem reading, otherwise they wouldn't have been duplicating and changing the intended meaning of what was explained initially. you can go through the comments I replied @red4slash @zackz5000. am done explaining.

[wxa7115]

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

While a charitable heart is commendable and a trait I would appreciate on a person, at the same time there must be limits when it comes to such generosity, and the reason for this is self-evident, our resources are limited, while the needs and wants of others are endless.

So we must use only our spare money for such efforts, and it is obvious that any money that is in your emergency fund is not money you can afford to give away, since emergencies have the nasty characteristic of happening at the worst possible time, and if at the time you did not had any money on your emergency fund, you may be forced to sell your coins, messing your strategy for years and maybe even decades to come.

[JayJuanGee]

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.

so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
 
Even though I could have had profited more by pumping and dumping shitcoins at certain times and/or I could have had profited more by timing my BTC buys and my BTC sells a bit better, I surely have no major regrets with my largely BTC accumulation and/or holding strategy over the past 10.5 years-ish.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.

It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.

I frequently prefer to consider loans (and leverage) as more sophisticated skills, that end up adding further challenges, and it seems way better to be thinking about, building and eve putting more basic methods into and to get used to the application of those more basic methods (which is not even easy in itself) rather than unnecessarily employing more extensive and complicated techniques, which might end up converting a relatively solid practice/technique into a kind of gambling.

Another thing that I don't really have any problem with loans as long as there is already sources of income to pay them back on time an in the correct amounts, but also to account for whatever interest rate is being charged, wether that might be low rates such as less than 3% or medium rates of perhaps up to 7% or higher rates e.. and the higher the rate the more difficult it should be to even get into the practice of taking such loans.. and yeah, there would already be a built in expectation of an ability to earn more than the interest rate amount.

[Tungbulu]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

Finding peace...
Messing up your financial plans and putting your plans jeopardy wil definitely not giving you much peace when you use your emergency funds to sort out someone else's emergency and then when your emergency arises, there's nothing more left to sort your emergency, and then you end up dipping into your investment to sort out your emergency, thereby messing up your portfolio and interrupting the growth and performance of your investment.

This is business and all its affairs are meant to be handled strictly without emotions or sentiments, if the person's problem is something your float or reserve funds can handle without giving you much stress then you're free to help em out, but if it's something that'll dry up your reserve funds, then I wouldn't advise you to go through with it because you'll surely need to use your reserve funds too, and if the need arise and there's nothing left for you, it'll still result to messing up your financial plans.

The goal is to have/build a solid financial foundation/plan that'll sustain you throughout your investment journey and not to be all Santa Clause with your finance.

[arwin100]

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.

so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
 

That's the real problem of some investor since what they usually think is when there's a dip that is the best time for them to enter. Then regret that they miss that opportunity then wait again, they failed to realize that they are wasting their time with that attitude and just give their selves unnecessary stress for speculating about upcoming dumps to come. If they just take an action when they have money and ready to accumulate then for sure waiting for dips will not came on their mind since what they provably their main priority is to accumulate base on the cycle or years they planned to do.

Some also try to gamble with the shitcoins including the famous coin of this year which SOL for wanting to gain profits then add their gains to invest on bitcoin. If they just decide to put it directly on bitcoin for sure that there's no other thing would bother them and give them some chills when market collapse.

Although we can't really influence people for discouraging them to invest on shitcoins while they are engaging on long term hodl plan with BTC, but hopefully in future they realize that they are just wasting their money,time and effort with those shitcoins.

[MarjorieZimmermanGinger]

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?

This indicates that two things happened, first, people experienced a loss and second, people experienced a profit. Basically you have to understand first what coin is meant and most people will talk about bitcoin in it. Simply put we have the opportunity to buy at a slightly cheaper price and sell at a much higher price. The repeating cycle that occurs in bitcoin is real and that is why we have the opportunity to maintain the value of investing in bitcoin compared to other coins.

Buying under any circumstances is not a problem for bitcoin as long as you are able to hold it for the long term. But the problem is when you buy a coin that has no potential because we will not find a repeating cycle and it is very likely that the coin you hold will lose price in the market. That's why we need the knowledge to recognize a potential coin and must have the insight to make an analysis about it.

[Bravut]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

"Pleasing others at your own expense comes with no peace". That is not what giving is all about, anyone (investor) is simply fooling around, it a wrong approach in life matters, demands from people and family members is never ending, any investor or person that always give at his own expenses never grows.
If the investor have the money available am not against such since your reserve or emergency funds can cover for it but it should not be forced, at your own expense simply because you wanna give others; We should understand this.

[Dailyscript]

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

There is no urgent situation in investment so in this case i don't really agree with borrowing for the reason of "urgency" considering that in this case the investment made is not a force that must be made but is indeed a situation where we are ready to make an investment without having to interfere.  In our economy,there is no such thing as forcing oneself, let alone going into debt.  so its clear that there is a little question about how to invest and manage your money when you are in debt and under pressure when investing.

This is not a compulsion and we dont need to force ourselves to appear capable, therefore you have to know yourself well,  including your finances and abilities so that we don't make a mistake in making an investment and it actually seems like a burden on yourself because it is a situation.  which is wrong because investment is to make you feel comfortable for the future  not actually make it a burden .

I hear you man. Many persons in this forum that came across investment and now starting to invest do not know this. Some desperately take loans to buy Bitcoin and pay interest of 10% in a month which is crazy to even think about. There is every tendency that the price will continue to drop or refrain from increasing for a very long time until the pay back date of the aforementioned loan has reached. I se to be the top 1 in the history of having bad ideas.

I dont think anyone would want to start an investment and end up regretting or sticking there hands in the eyes crying all day for wrong decisions made.

[Furious 7]

I hear you man. Many persons in this forum that came across investment and now starting to invest do not know this. Some desperately take loans to buy Bitcoin and pay interest of 10% in a month which is crazy to even think about. There is every tendency that the price will continue to drop or refrain from increasing for a very long time until the pay back date of the aforementioned loan has reached. I se to be the top 1 in the history of having bad ideas.

I dont think anyone would want to start an investment and end up regretting or sticking there hands in the eyes crying all day for wrong decisions made.

If you are thinking of borrowing to invest then you should look further into yourself whether you can afford to do so or not.

As long as you are like Michael Saylor then it's okay to do that on the pretext of bitcoin maximalism but when you are still in ordinary economic conditions and even tend to still be difficult then indeed don't push yourself too much to make your conditions more difficult.
Investment is ultimately to make yourself comfortable for the future or old age that we have and even though it takes sacrifice when we are still productive in earning money but that does not mean we have to make as if the investment made must risk everything and even have to go into debt because in fact it doesn't have to be like that.

So do not make yourself only fixated on investing by burdening yourself heavier than before because however if we look at the current conditions even though investment is important but your economic condition is much more important so you cannot sacrifice an important situation as if the investment you make by borrowing will run smoothly without any obstacles because you must realize that in the end by borrowing then indirectly you who must be consistent in investing become divided focus with loan payments made before.

[laijsica]

[edited out]

If you are thinking of borrowing to invest then you should look further into yourself whether you can afford to do so or not.

Borrowing for investment may be a good idea, but you should have alternative repayment arrangements that can be repaid within a short period of time. If you are thinking of repaying the loan through investment profits, it is better not to because you cannot predict the market conditions. But if your buying luck is good or if you get dips then the profit potential is high with repayment of your loan.

Investment is ultimately to make yourself comfortable for the future or old age that we have and even though it takes sacrifice when we are still productive in earning money but that does not mean we have to make as if the investment made must risk everything and even have to go into debt because in fact it doesn't have to be like that.

Investing requires you to make sacrifices which are money futures and arrange it in such a way that long term holding gives at least 2-3 times profit. You can build up your holdings by depositing bitcoins. Today's hard-earned bitcoins to come full circle before old age sets in. Simultaneously, after one circle is completed, another and then another thus increasing the size of your holdings. As long as the productivity of your own money is maintained, you will have to make sacrifices to grow your Bitcoin stash. Holding.

[Jewan420]

[edited out]

If you are thinking of borrowing to invest then you should look further into yourself whether you can afford to do so or not.

Borrowing for investment may be a good idea, but you should have alternative repayment arrangements that can be repaid within a short period of time. If you are thinking of repaying the loan through investment profits, it is better not to because you cannot predict the market conditions. But if your buying luck is good or if you get dips then the profit potential is high with repayment of your loan.

One can question how rational it can be to invest with debt. But I can say from my personal opinion, investing with debt cannot be reasonable at all. Why would you invest with debt if you can pay off the debt in a short period of time after investing with debt? You can invest in self-financing a little later, when you have the money. Borrowing has some risky aspects. For example: after taking a loan, there is doubt about whether you can pay it back within a certain period of time, you may feel stress after taking a loan, you may have to repay the borrowed money before the time if the borrower is facing danger. When you invest with debt, you cannot create any kind of funds. Because, if you have the money to build the fund, you don't have to worry about borrowing money from anyone. What would you do if you were in danger? On the one hand, the thought of paying the debt, on the other hand, the thought of freeing oneself from danger. In such a situation you can think of withdrawing money from your investment. You may have suffered a loss then. Hence, the idea of ​​investing with debt can become self-inflicted.

[GeorgeJohn]

One thing is that buying a Bitcoin and the selling a Bitcoin all these have a strategies and if you don't follow such a strategies I don't think that you'll be able to make a profit through buying and the selling of Bitcoin for me I know that the best time to make a profit for buying and selling of Bitcoin is when you have a target of when you buy from them and make a profit so the best opportunity for me is one an investor to purchase exactly when the price of Bitcoin is going very dip so that when you purchase within interval of this month the most to be a change in the market so that when you said you can update make a proper profit from your investment.

The best thing to do for cryptocurrency investment is to buy and invest it for long time so that profit may manifest during the time I want to sell and sometimes buying and selling of Bitcoin people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process

[Hewlet]

for me I know that the best time to make a profit for buying and selling of Bitcoin is when you have a target of when you buy from them and make a profit so the best opportunity for me is one an investor to purchase exactly when the price of Bitcoin is going very dip so that when you purchase within interval of this month the most to be a change in the market so that when you said you can update make a proper profit from your investment.

setting of target while you're buying your Bitcoin is so essential that it's what determines when you should or shouldn't sell your Bitcoin regardless of your current profit status in your Bitcoin investments journey. Part of the reason why some people are eager to sell their Bitcoin whenever they are in the slightest profit or when they experience some DIP that's taking longer before it gets back to becoming bullish is that they are just buying and don't have a target they are hoping to get to for a particular time frame.

Setting target shouldn't be more of trying to set a range of value that you would want to buy and another range of value that you wouldn't buy. It rather involves  setting an amount like getting to $40k before the end of a circle which will make you break down your target into a one year plan and then a one month plan and possibly a weekly plan and what will aid you to carry out this plan and effectively reach your target would be to follow up with your accumilation with the use of the DCA method which obviously is the surest way that will help you to reach your target the way you've set it out.

people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process

that's why getting the basic knowledge of Bitcoin investment is important before getting started.  Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort.

[JayJuanGee]

[edited out]

Shitcoins should not be mention is this thread because it's not to be trusted at all a lot of shit coins are created just to exploit people, my brother was investing on one shit coin that i really don't know the name and he lost almost all his money if not that he quickly sold everything and he has been investing on it for a year plus the other day we were discussing and he told me the shitcoin as lost every value now. A lot of people are always losing and regretting investing in shitcoins and I have discovered The reason reason a lot of people even think of investing in shitcoins is because they believe Bitcoin won't rise again or Bitcoin won't grow more than this so they feel like investing on an upcoming coin this is a very wrong reasoning because Bitcoin has not even gotten closer to a price that will shock the world so I will advise every newbie to accumulate as much Bitcoin as he or she can and forget about shitcoins if they want peace of mind or don't want to lose there income.

There are some folks who cannot resist shitcoins &/or gambling, and some of them might be saved from overly shitcoining and/or overly gambling and being able to at least address their urge if they were able to keep (without cheating) their shitcoining to less than 10% the size of their bitcoin investing.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.

It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.

I frequently prefer to consider loans (and leverage) as more sophisticated skills, that end up adding further challenges, and it seems way better to be thinking about, building and eve putting more basic methods into and to get used to the application of those more basic methods (which is not even easy in itself) rather than unnecessarily employing more extensive and complicated techniques, which might end up converting a relatively solid practice/technique into a kind of gambling.

Another thing that I don't really have any problem with loans as long as there is already sources of income to pay them back on time an in the correct amounts, but also to account for whatever interest rate is being charged, wether that might be low rates such as less than 3% or medium rates of perhaps up to 7% or higher rates e.. and the higher the rate the more difficult it should be to even get into the practice of taking such loans.. and yeah, there would already be a built in expectation of an ability to earn more than the interest rate amount.

Taking loan is not bad if one has a source of income which through there he can pay back, what is bad is taking loan knowing fully well you don't have a source of income or any hope of paying back.
My dad always prefer taking loan when ever his savings are exhausted and he is a civil servant so he always pay back, taking loan according to him is better than selling his investment or property since he has a source of income taking loan is the best thing to do than to sell of your investment and he also said don't take a loan that your salary can't pay of in the next 4 to 7 years and I think I agree with him even though you have a source of income you shouldn't take a loan that you can't pay because if you can't pay at the long run it will result to you selling of your property or investment in other to settle the debt.
And is always advised to go for a more better interest rate there's this man I know he went to collect loan with a bad interest rate and for about 8 years now this man is still paying the debt because the rate is always adding this year he had to sell some of his landed properties so he could settle the loan so as not to keep debt for his children when his no more so please let's be guided.

Surely loans can be a way to front-load an investment with cash that might take you several years to accumulate without the loan.. so the loan allows you to have the money earlier than what you otherwise would be able to achieve it on your own..   Loans can be managed reasonably and even quite empowering.. but they can also fall into an out of control status or maybe a status in which they ended up NOT being profitable since the person might have gotten over extended or maybe income dried up or expenses unexpectedly increased.. so yeah they can go either way including that there can be a decent amount of calculation involved in determining whether or not to get them.. and so unknowns in the future could still be within manageable risks if carried out within reasonable boundaries.

[edited out]

Although we can't really influence people for discouraging them to invest on shitcoins while they are engaging on long term hodl plan with BTC, but hopefully in future they realize that they are just wasting their money,time and effort with those shitcoins.

There could be the error of not knowing when to get in and/or to get out... and there could also be the error of considering some of the shitcoins as long term investments.  Surely problematic, even though some folks do end up having some success in navigating through such distractions, I personally don't find it to be a good use of time, energies or money unless it is just with a very small portion of the bitcoin size.. and my own is less than 1% for all of the shitcoins that I own.. and I try not to spend much if any energy on them... but yeah, sometimes people will spend a lot of time, money and energies on that crap and lose sight (or become confused) about what the real value propositions that bitcoin brought to the world and continues to serve in such a place that continues to be worthy of long term building and holding investment.. and if some folks might not have a lot of wealth to be investing, they can truly end up diluting their bitcoin investment by getting distracted into either the nonsense of trading (gambling) or the various nonsense talking points in which various shitcoins still try to persuade folks over to them and away from bitcoin.. based on mostly vapid claims rather than really having any kinds of solid foundations in which someone might actually want to long-termedly invest their time, money and energies..