Buy Buy Buy or Sell Sell Sell?

[STT]

It is very ironic that the newbies with no BTC are likely to have the most worries on every Bitcoin downturn.  Ironically the people who've been around more then 1 cycle, 5 years say are considerably less worried by the minor turbulence we're in and yet the old timers are surely more involved then a newbie so have more to lose.


Worry about the price when its time to sell, we're not close to a good time to sell.  Even if price went to 80k its not really the time to sell right now.   So if not selling, a newbie especially is buying.   If the price of anything you are buying is now cheaper, arent you happy.

Easy to say but try to digest that mindset of being happy when prices are lower.   Movements now arent the big deal, I really do doubt we've topped and that minor ATH was all we see.  It wouldnt add up and larger time frames reflect a larger move ongoing.

It could be a summer 2019 moment where its going up but thats it for a while.  Sure thats possible but it still means the proper gains are later.   I'll take another year to accumulate as a positive, if it went right up now I will be lacking because I dont have enough BTC.   I aint that rich, takes most people time to buy and overall the market is accumulating imo.

[JayJuanGee]

It is very ironic that the newbies with no BTC are likely to have the most worries on every Bitcoin downturn.  Ironically the people who've been around more then 1 cycle, 5 years say are considerably less worried by the minor turbulence we're in and yet the old timers are surely more involved then a newbie so have more to lose.


Worry about the price when its time to sell, we're not close to a good time to sell.  Even if price went to 80k its not really the time to sell right now.   So if not selling, a newbie especially is buying.   If the price of anything you are buying is now cheaper, arent you happy.

Easy to say but try to digest that mindset of being happy when prices are lower.   Movements now arent the big deal, I really do doubt we've topped and that minor ATH was all we see.  It wouldnt add up and larger time frames reflect a larger move ongoing.

It could be a summer 2019 moment where its going up but thats it for a while.  Sure thats possible but it still means the proper gains are later.   I'll take another year to accumulate as a positive, if it went right up now I will be lacking because I dont have enough BTC.   I aint that rich, takes most people time to buy and overall the market is accumulating imo.

You are talking about yourself STT?  You are still in accumulation stages, even after being registered on this forum for more than 11 years?

You may be one of the extreme versions of those situations in regards to the expression:  "mistakes were made along the way."

We all made mistakes along the way, and some folks made more mistakes than others.

[Reincarnated Sat]

As for many as possible who have been claiming on buy the dip, this time is getting more interesting for them to exercise what they have always been expected, the bear is near and they have to buy the dip, anything can change at any time whereby you discover the market is no more bearish but instead bullish, but when we make an investment towards this time, then also hodl, we are going to be more productive in our investment in terms of profitability, bitcoin remains ever volatile and the interesting part of it is that you can invest today to discover that by tomorrow the market rises.

One major problem about those planned to buy the dip is that even when it dip they will still be expecting more dip and while waiting for more dip the market will rise again, for any one tat has what it takes to buying the dip buying every dip can be helpful without over doing it such that it will affect their other living expenses, while the buying the  dip offers buying more Bitcoin at a lesser amount of money, one can as well be buying Bitcoin anytime there is money readily available for investment.

Waiting for the dip is lack of proper knowledge on how to start your bitcoin journey as a newbie because it is the worst approach as a new beginner to start with. Bitcoin price movement is unpredictable and this is why buying regularly using DCA method as a new beginner will be a solid foundation to increase and build your business portfolio gradually. Whoever is lucky enough to see the dip and has the money to buy did not buy and is waiting for more dips is not serious to invest in bitcoin and will be poor at old age. This is because it is hard to know the bottom line of the dip and that is why DCAing regular weekly or monthly consistently will give you the chance to buy bitcoin even at the bottom line of the dip that is hard to know.

Whoever was waiting for the dip should be buying now and forget about more dips because you will still be profitable if you buy now and hodli for a very long time while you are still accumulating with DCA. Let's enjoy the dip while it last because we might not see this price anymore. Always use DCA method to buy to enable you accumulate more bitcoin because you are buying always with part of your discretionary income that has nothing to do with other of your financial expenses. If you have plans to reach your bitcoin target just stay focus more on DCA as a new investor and you will be surprised at the amount of bitcoin you will have accumulated within 4 - 10 years.

There understanding towards bitcoin investment is so low and commonly they think that bitcoin is all about buy at dip then sell high which is common for newbies. If they are always going after in this situation then provably that there would be a lot of opportunity to miss also there are more higher chance that they are embracing more larger risk especially if their mindset is for short term then they start to accumulate then the market suddenly falls for more. This situation always happen and lots of people lost their money due to this situation where they miscalculate everything.

You seem to be inside the exact wrong mindset that you are describing, since many newbies should not give any shits if the BTC price is falling and that "on paper" they are in negative territory, since if they are truly in their BTC accumulation stages, they would keep buying rather than getting worried or whining about their BTC holdings being in the negative.

The more true mistakes likely come when the BTC price goes up and there was a failure to buy enough, and yeah, some folks might not recognize those kinds of opportunity cost losses, but they happen all the time, and probably are the most common especially since an overwhelming majority of normies do not have even close to enough BTC, they are either no coiners or low coiners.. meaning that they are way under stashed in BTC and maybe they are not even trying hard enough to make sure that they are sufficiently/adequately prepared for UP given their financial and psychological status.

You are right, thinking about the fall of Bitcoin should not be our concern as a newbie all we should be thinking about is accumulating enough and the fall of Bitcoin should be seen as an opportunity to accumulate more I know a lot of newbies are always worried about the fall and the rise of Bitcoin and that really affects there accumulation speedy, some that really don't understand how Bitcoin investment works purse there accumulation when there is a dip in Bitcoin instead of Accumulating more, I think the most important advise to give we the newbies is to always accumulate even when Bitcoin is on dip and that the dip is an opportunity to accumulate more and also engage in long term investment and not short term because I have seen that the people that always get worried about the fall and rise of Bitcoin are those involve in short term investment or Bitcoin trader.

And yeah a lot of people especially newbies regret not accumulating more when there is a dip and this mistake is usually common to people that started the Bitcoin investment newly, one way to be able to accumulate more Bitcoin when there's a dip is to have a reverse fund, when using your DCA strategy try as much as possible to also have a reverse fund as to help you in a lot of things especially accumulating more when there's a dip.

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.

Yep this is what most people should be doing, which is persistently, consistently and ongoingly accumulating bitcoin within the scope of what they feel that they cdan reasonably accomplish in their budget.. and most people are not doing this.

Yeah, persistently, consistently accumulating Bitcoin is what a true investor should be doing, for me seeing that a lot of people has accumulated enough always encourage me to keep going and if they can do it i can do it, and right now I have a target in my Bitcoin accumulation journey which I have determine to meet and is important for everyone especially a newbie to have a target when one has a target he or she knows where there going and is only when they meet that target they can be satisfied.
Having a target will help people who are not persistently and consistently accumulating Bitcoin to do so.

[Furious 7]

There understanding towards bitcoin investment is so low and commonly they think that bitcoin is all about buy at dip then sell high which is common for newbies. If they are always going after in this situation then provably that there would be a lot of opportunity to miss also there are more higher chance that they are embracing more larger risk especially if their mindset is for short term then they start to accumulate then the market suddenly falls for more. This situation always happen and lots of people lost their money due to this situation where they miscalculate everything.

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.

This is partly true but there are others who are not like that especially for beginners .  You know although sometimes beginners need a lot of input or advice about some learning including recognizing the risks they have but when someone who is new to bitcoin and investing in it they will be more eager to buy and they don't think further about the decline because it could be that they still believe and are enthusiastic about buying or they are still not fully aware of the risks they have.

I don't know for others but for me personally when I was first in bitcoin I did that where I was very excited trying to buy when I could without thinking about the decline in bitcoin. Although this looks wrong because indeed some people will consider this approach too aggressive but it cannot be denied that this happens and it could be that other people also feel the same way like this where their focus is only buying without seeing the decline that occurs.

[JayJuanGee]

[edited out]

You are right, thinking about the fall of Bitcoin should not be our concern as a newbie all we should be thinking about is accumulating enough and the fall of Bitcoin should be seen as an opportunity to accumulate more I know a lot of newbies are always worried about the fall and the rise of Bitcoin and that really affects there accumulation speedy, some that really don't understand how Bitcoin investment works purse there accumulation when there is a dip in Bitcoin instead of Accumulating more, I think the most important advise to give we the newbies is to always accumulate even when Bitcoin is on dip and that the dip is an opportunity to accumulate more and also engage in long term investment and not short term because I have seen that the people that always get worried about the fall and rise of Bitcoin are those involve in short term investment or Bitcoin trader.

ONe of the most important matters for newbies is to both figure out and put into practice strong cash flow management techniques that get theme really being purposeful in terms of managing how they use their discretionary income including how much they are able to generate and then also how much they are able to put into bitcoin while making sure that the restof their finances are strong enough so that any of their discretionary income that they put into bitcoin is completely able to not expect to use for 4-10 years or longer, and also the possibility that they could end up losing all of that money that they put into bitcoin (of course, they are going to learn and take measures to try to make sure that their bitcoin (value) grows rather than shrinks, but some matters may well be out of their control.. but they can still monitor and learn and tweak along the path of their ongoing investment journey into bitcoin).

And yeah a lot of people especially newbies regret not accumulating more when there is a dip

They don't usually regret it until after they BTC price had appreciated so much that they realize that opportunities had been lost and they could have had accumulated much more bitcoin at lower prices that might never return again.

and this mistake is usually common to people that started the Bitcoin investment newly, one way to be able to accumulate more Bitcoin when there's a dip is to have a reverse fund, when using your DCA strategy try as much as possible to also have a reverse fund as to help you in a lot of things especially accumulating more when there's a dip.

I am not sure how much newbies need to concern themselves with reserve funds.. especially in their early years, yet sure of course, reserve funds are part of the package in which each of us should be building, and if a newbie is really new to investing into bitcoin or anything else, the first two categories to build would be the BTC fund and the emergency fund, and so getting each of them up to 3 months of expenses each should be the first goal, and I am not sure how long that is going to take, even though of course, the higher the discretionary income (percentage wise), then the faster those two funds can get up to 3 months each, and yeah maybe it would be better to have emergency funds greater than 3 months, yet that is where reserve funds and floats can make up for the relative newbie investor's decision to ONLY have 3 months in his emergency fund...

so yeah there should be priorities, and some ways of figuring out and framing priorities makes more sense when putting the matters into practice and going through some of the challenges of potentially having some fluctuations in income, expenses, BTC prices and perhaps other market dynamics that contribute towards understanding the extent to which the systems that the newbie investor has in place and if the systems that are in place are sufficiently reasonable, prudent and practical

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.

Yep this is what most people should be doing, which is persistently, consistently and ongoingly accumulating bitcoin within the scope of what they feel that they cdan reasonably accomplish in their budget.. and most people are not doing this.

Yeah, persistently, consistently accumulating Bitcoin is what a true investor should be doing, for me seeing that a lot of people has accumulated enough always encourage me to keep going and if they can do it i can do it, and right now I have a target in my Bitcoin accumulation journey which I have determine to meet and is important for everyone especially a newbie to have a target when one has a target he or she knows where there going and is only when they meet that target they can be satisfied.
Having a target will help people who are not persistently and consistently accumulating Bitcoin to do so.

For sure having a target is part of the matter, yet the target should be somewhat dynamic in the sense that you might have 1 year targets and then 3 year targets and 5 year targets and 10 year targets, so you may well tweak from time to time, or reassess from time to time the extent to which you are on-track and/or that your various targets are reasonable in regards to how they apply to your own circumstances and your expected circumstances.. so for example you might have an income that is around $2.5k per month and expenses that are around $1.8k per month, yet each of those might fluctuate, and you have expectations regarding your future income increasing and your expenses may or may not be going up based on how you might consider that some of your priorities might be, so no one can really tell you what your priorities should be, even though some things might make more sense than others, especially if you might have already established some of your goals, then you might also want your priorities to line up with your goals, but then if you project out various income and expenses expectations, then you reassess at various points and maybe doing superficial reassessments on a monthly basis, but maybe more deeper reassessments quarterly and even more deeper assessments annually, you may well end up seeing that some of your projections forward are playing out and other projections are not playing out, and you might even recognize some stresses that you might have in your budget based on some of your own mistakes, so you might end up deciding to change some of your allocations, which could result in increasing or decreasing the amounts that you put into bitcoin at various points, including there could be some folks who receive extra payments/income/bonuses 2-3x per year and some of those might be somewhat expected and others might be surprises, and the same could be true with expenses that might come 2-3x per year, and the income and the expense extras might not line up with each other,, so there might need to be flexibility and even tentative plans regarding how to potentially deal with those kinds of yearly matters that may or may not even be regular... but can be assessed and reassessed once they happen and to see how the previously established cash management systems dealt with those kinds of variations in income/expenses.

[milewilda]

There understanding towards bitcoin investment is so low and commonly they think that bitcoin is all about buy at dip then sell high which is common for newbies. If they are always going after in this situation then provably that there would be a lot of opportunity to miss also there are more higher chance that they are embracing more larger risk especially if their mindset is for short term then they start to accumulate then the market suddenly falls for more. This situation always happen and lots of people lost their money due to this situation where they miscalculate everything.

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.

This is partly true but there are others who are not like that especially for beginners .  You know although sometimes beginners need a lot of input or advice about some learning including recognizing the risks they have but when someone who is new to bitcoin and investing in it they will be more eager to buy and they don't think further about the decline because it could be that they still believe and are enthusiastic about buying or they are still not fully aware of the risks they have.

I don't know for others but for me personally when I was first in bitcoin I did that where I was very excited trying to buy when I could without thinking about the decline in bitcoin. Although this looks wrong because indeed some people will consider this approach too aggressive but it cannot be denied that this happens and it could be that other people also feel the same way like this where their focus is only buying without seeing the decline that occurs.

There are two possible things on why noobs would be making out such act:

1. Just simply buy on the moment that they've known about it, specially if they've been able to see those huge profits from other people
2. Due to lack of knowledge and experience which they dont care about having cheaper entries.

On the moment that we are still a noob, then further actions would really be basing up on how sensible you are. Actually there are people who are really just that new into something
but they were that sensible on the actions that they are making on which its not needed for them to lose money first or in negative before they would be making such actions.
They would be reading up on other peoples experiences and other potential information sources on which they could really be able to apply into their further actions on which
it would really be causing up that less damage or loses just because they've come prepared.

[Reincarnated Sat]

[edited out]

You are right, thinking about the fall of Bitcoin should not be our concern as a newbie all we should be thinking about is accumulating enough and the fall of Bitcoin should be seen as an opportunity to accumulate more I know a lot of newbies are always worried about the fall and the rise of Bitcoin and that really affects there accumulation speedy, some that really don't understand how Bitcoin investment works purse there accumulation when there is a dip in Bitcoin instead of Accumulating more, I think the most important advise to give we the newbies is to always accumulate even when Bitcoin is on dip and that the dip is an opportunity to accumulate more and also engage in long term investment and not short term because I have seen that the people that always get worried about the fall and rise of Bitcoin are those involve in short term investment or Bitcoin trader.

ONe of the most important matters for newbies is to both figure out and put into practice strong cash flow management techniques that get theme really being purposeful in terms of managing how they use their discretionary income including how much they are able to generate and then also how much they are able to put into bitcoin while making sure that the restof their finances are strong enough so that any of their discretionary income that they put into bitcoin is completely able to not expect to use for 4-10 years or longer, and also the possibility that they could end up losing all of that money that they put into bitcoin (of course, they are going to learn and take measures to try to make sure that their bitcoin (value) grows rather than shrinks, but some matters may well be out of their control.. but they can still monitor and learn and tweak along the path of their ongoing investment journey into bitcoin).

Yeah you have spoken well and if followed very well will bring forth a good result and I would say if put all this together is becoming so difficult for them they can ask questions and get good answers that's why this forum is created to discuss all this things.
And for hodling there Bitcoin for 4 to 10 years is possible is very possible if there target are to do so and if they have a good strong backup funds, any discretion income put into invested into may be needed if there's an emergency or problem the only way to avoid dipping into it is when you have a backup funds to help you with your emergency issues or problem.
And you are right when said that some matters are beyond there control, there are some situation that are beyond our control and can make us lose all our Bitcoin investment, those kind of situations will eat up all our backups funds such as our emergency, reserve and float funds and still the problem is not solved and still needs to be taken care of or it causes more damage such as accident, put we should always pray we don't come across such situation, However it is very important we always to our human best to secure our investment.

and this mistake is usually common to people that started the Bitcoin investment newly, one way to be able to accumulate more Bitcoin when there's a dip is to have a reverse fund, when using your DCA strategy try as much as possible to also have a reverse fund as to help you in a lot of things especially accumulating more when there's a dip.

I am not sure how much newbies need to concern themselves with reserve funds.. especially in their early years, yet sure of course, reserve funds are part of the package in which each of us should be building, and if a newbie is really new to investing into bitcoin or anything else, the first two categories to build would be the BTC fund and the emergency fund, and so getting each of them up to 3 months of expenses each should be the first goal, and I am not sure how long that is going to take, even though of course, the higher the discretionary income (percentage wise), then the faster those two funds can get up to 3 months each, and yeah maybe it would be better to have emergency funds greater than 3 months, yet that is where reserve funds and floats can make up for the relative newbie investor's decision to ONLY have 3 months in his emergency fund...

so yeah there should be priorities, and some ways of figuring out and framing priorities makes more sense when putting the matters into practice and going through some of the challenges of potentially having some fluctuations in income, expenses, BTC prices and perhaps other market dynamics that contribute towards understanding the extent to which the systems that the newbie investor has in place and if the systems that are in place are sufficiently reasonable, prudent and practical

You are right building those two should be the first thing to do as a newbie for and for the emergency fund you mentioned it should be built and made very strong because 60 percent or more of people taking out all there Bitcoin investment are because of emergency issues or problem, my friend has been investing on Bitcoin for years now but when he has an emergency which his mom was very sick he used all his savings for his mom's health still it was getting worst so he needed to dip hands into his Bitcoin investment and he withdrawed everything now his starting all over again we were discussing the other day he said making your emergency funds so strong is very important than being aggressive in one's accumulation that without a strong emergency funds one can't keep up with investment and I think his right every newbie should always make his emergency funds strong in other to secure his investment and after building this two you mentioned strongly he or she should proceed in building his or her reverse and float funds because they can also be of great help.

I think a newbie should try if possible get a two source of income it will really be of great help or if his only job has a good pay he should manage his self very well so has to build his investment very well.
One of the thing I know that can affect a newbie is not having a good pay at his work place when is salary is very small then investing and keeping up becomes hard especially if his married but it could be possible if his single and learn to manage his little salary.

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.

Yep this is what most people should be doing, which is persistently, consistently and ongoingly accumulating bitcoin within the scope of what they feel that they cdan reasonably accomplish in their budget.. and most people are not doing this.

Yeah, persistently, consistently accumulating Bitcoin is what a true investor should be doing, for me seeing that a lot of people has accumulated enough always encourage me to keep going and if they can do it i can do it, and right now I have a target in my Bitcoin accumulation journey which I have determine to meet and is important for everyone especially a newbie to have a target when one has a target he or she knows where there going and is only when they meet that target they can be satisfied.
Having a target will help people who are not persistently and consistently accumulating Bitcoin to do so.

For sure having a target is part of the matter, yet the target should be somewhat dynamic in the sense that you might have 1 year targets and then 3 year targets and 5 year targets and 10 year targets, so you may well tweak from time to time, or reassess from time to time the extent to which you are on-track and/or that your various targets are reasonable in regards to how they apply to your own circumstances and your expected circumstances.. so for example you might have an income that is around $2.5k per month and expenses that are around $1.8k per month, yet each of those might fluctuate, and you have expectations regarding your future income increasing and your expenses may or may not be going up based on how you might consider that some of your priorities might be, so no one can really tell you what your priorities should be, even though some things might make more sense than others, especially if you might have already established some of your goals, then you might also want your priorities to line up with your goals, but then if you project out various income and expenses expectations, then you reassess at various points and maybe doing superficial reassessments on a monthly basis, but maybe more deeper reassessments quarterly and even more deeper assessments annually, you may well end up seeing that some of your projections forward are playing out and other projections are not playing out, and you might even recognize some stresses that you might have in your budget based on some of your own mistakes, so you might end up deciding to change some of your allocations, which could result in increasing or decreasing the amounts that you put into bitcoin at various points, including there could be some folks who receive extra payments/income/bonuses 2-3x per year and some of those might be somewhat expected and others might be surprises, and the same could be true with expenses that might come 2-3x per year, and the income and the expense extras might not line up with each other,, so there might need to be flexibility and even tentative plans regarding how to potentially deal with those kinds of yearly matters that may or may not even be regular... but can be assessed and reassessed once they happen and to see how the previously established cash management systems dealt with those kinds of variations in income/expenses.

Yeah you are right, one's target can change from time due to some factors you just listed out and you are right no one should tell someone what his or her target should be because everyone has there own target, perspective and different financial strength. One's target changing from time to time should be in a way to balance everything to make for a good investment.
Is also best we make our goals strength in other to achieve what we desire and is also good for us to manage our finance very well, mistake is one thing that must happen to a newbie when it comes to investment but is best we learn from them and make sure we become better.

[lizarder]

Yeah you are right, one's target can change from time due to some factors you just listed out and you are right no one should tell someone what his or her target should be because everyone has there own target, perspective and different financial strength. One's target changing from time to time should be in a way to balance everything to make for a good investment.
Is also best we make our goals strength in other to achieve what we desire and is also good for us to manage our finance very well, mistake is one thing that must happen to a newbie when it comes to investment but is best we learn from them and make sure we become better.  

The hardest part of the problem is because people do not have a strategy so that the investment does not have the ability to increase because someone only relies on ordinary abilities. To carry out investment we need a target to achieve, for example if today we have half of a bitcoin then in the future it must increase according to the strategy we apply. If bitcoin is considered the best investment then steps must be taken because we will achieve it if we have a strategy. The ability to manage finances will determine success in investment and when you have that ability then I am sure the investment will be successful.

Everyone has made mistakes and no exception for people who already understand bitcoin, but these mistakes must be evaluated, so that when we walk we have a concept and have a strategy not to make the same mistakes. With mistakes we can learn to be stronger and investments will be carried out with caution.

[EclipseXcrypto]

Yeah you are right, one's target can change from time due to some factors you just listed out and you are right no one should tell someone what his or her target should be because everyone has there own target, perspective and different financial strength. One's target changing from time to time should be in a way to balance everything to make for a good investment.
Is also best we make our goals strength in other to achieve what we desire and is also good for us to manage our finance very well, mistake is one thing that must happen to a newbie when it comes to investment but is best we learn from them and make sure we become better.  

The hardest part of the problem is because people do not have a strategy so that the investment does not have the ability to increase because someone only relies on ordinary abilities. To carry out investment we need a target to achieve, for example if today we have half of a bitcoin then in the future it must increase according to the strategy we apply. If bitcoin is considered the best investment then steps must be taken because we will achieve it if we have a strategy. The ability to manage finances will determine success in investment and when you have that ability then I am sure the investment will be successful.

Everyone has made mistakes and no exception for people who already understand bitcoin, but these mistakes must be evaluated, so that when we walk we have a concept and have a strategy not to make the same mistakes. With mistakes we can learn to be stronger and investments will be carried out with caution.

I think most individuals find it difficult to stay dedicated to their investment strategy to hit their target, dedication and discipline are the driving force to our strategy. Some folks might have a well thought out strategy but finds it hard to stay  dedication and discipline sticking and staying committed to their investment. So many people in bitcoin actually knows the strategy to use  in increasing their bitcoin holdings in the future, But how dedicated and discipline you to your strategy is what it takes to build a good portfolio.

So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.

[Furious 7]

This is partly true but there are others who are not like that especially for beginners .  You know although sometimes beginners need a lot of input or advice about some learning including recognizing the risks they have but when someone who is new to bitcoin and investing in it they will be more eager to buy and they don't think further about the decline because it could be that they still believe and are enthusiastic about buying or they are still not fully aware of the risks they have.

I don't know for others but for me personally when I was first in bitcoin I did that where I was very excited trying to buy when I could without thinking about the decline in bitcoin. Although this looks wrong because indeed some people will consider this approach too aggressive but it cannot be denied that this happens and it could be that other people also feel the same way like this where their focus is only buying without seeing the decline that occurs.

There are two possible things on why noobs would be making out such act:

1. Just simply buy on the moment that they've known about it, specially if they've been able to see those huge profits from other people
2. Due to lack of knowledge and experience which they dont care about having cheaper entries.

On the moment that we are still a noob, then further actions would really be basing up on how sensible you are. Actually there are people who are really just that new into something
but they were that sensible on the actions that they are making on which its not needed for them to lose money first or in negative before they would be making such actions.
They would be reading up on other peoples experiences and other potential information sources on which they could really be able to apply into their further actions on which
it would really be causing up that less damage or loses just because they've come prepared.

Yes, two reasons that I really felt at that time because it is undeniable when we are still in the process of introducing bitcoin, it is certain that we still do not really understand what will happen when doing so that we do not really think about risk and continue to buy when we can do it.

It is indeed like a situation where we prioritise aggressiveness, but in the end this also cannot be denied to be a good thing if indeed this belief is accompanied by learning again and again and the goal is for the long term because the longer we are in bitcoin of course we will know more and more what we have to do and fix things that can be a problem that we have done when we are beginners.
Although maybe this will be criticised by people who are experienced because of aggressiveness without paying attention to other things, I think for beginners it has been a good start made by beginners because indeed when they have bought bitcoin with enthusiasm and believe that the future will be better at least it can provide a suggestion for them to believe more in bitcoin by continuing to learn what they don't know.

[Jewan420]

So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.

Yes, it is not enough to use strategy to increase your Bitcoin holdings, you have to be committed. Everyone has his own investment strategy that he prefers. Whatever the investment method is, if the investment is long term, committed and regular then it can be an ideal investment. While making a commitment to invest is easy, keeping the commitment can be a little more difficult. Because your life will not always be the same. Life will be favorable at times and unfavorable at other times. Keeping promises is an easy task under favorable conditions but becomes challenging under unfavorable conditions. Various funds come in handy to protect investments in these adverse situations. You can create several funds according to your finances and you can name them. In accordance with the name one can use a fund on the basis of need in adverse situations. In this case, you don't have to go through adverse conditions depending on the investment and can stick to your commitment to increase your Bitcoin holdings.

[JayJuanGee]

[edited out]

Yeah you have spoken well and if followed very well will bring forth a good result and I would say if put all this together is becoming so difficult for them they can ask questions and get good answers that's why this forum is created to discuss all this things.
And for hodling there Bitcoin for 4 to 10 years is possible is very possible if there target are to do so and if they have a good strong backup funds, any discretion income put into invested into may be needed if there's an emergency or problem the only way to avoid dipping into it is when you have a backup funds to help you with your emergency issues or problem.

Yeah some folks seem to erroneously believe that if you get an extra job (extra source of income) then you will have safeguards from emergencies that might play out, and yeah extra jobs (and extra sources of income) will help to buttress your cashflow and give you greater levels of discretionary income and also will help you in the event that you might lose your primary source of income, but you still are likely better off to hold 3-6 months of expenses in an emergency fund and./or other kinds of back up funds that are separate from your bitcoin investment and that are closely linked to your local cash and so tending to be less volatile than bitcoin - even though some local currencies are not even that great for holding value.. which is another dynamic with how fast the dollar has also been debased (losing value) in the last 4 years or so, which causes even less confidence in terms of how to hold the value of emergency funds/back up funds so that they are mostly pegged to local currency and while at the same time mostly being easily accessible and not as potentially short-term volatile as bitcoin.

As more cash reserves are built up, there may be some that are more liquid and available and maybe some parts that might take a few days or a few weeks to access.. and so guys can consider their options regarding how to hold their cash and/or their emergency funds so that it serves its purpose if an emergency comes, yet good financial management is partly to prevent even needing to dip into emergency funds, even if emergencies might end up happening... and emergencies are less likely to happen when your cashflow management is in better and stronger order.

And you are right when said that some matters are beyond there control, there are some situation that are beyond our control and can make us lose all our Bitcoin investment, those kind of situations will eat up all our backups funds such as our emergency, reserve and float funds and still the problem is not solved and still needs to be taken care of or it causes more damage such as accident, put we should always pray we don't come across such situation, However it is very important we always to our human best to secure our investment.

These are all fair points, and the greater emergencies should ultimately be rare, since we should already anticipate how strong our cashflows and expenses are and have good senses of our health and our ways of living, but yeah, some kinds of emergencies, such as accidentally getting hit by a bus or some other fluke might end up being something that we may or may not recover from, but if we have some emergencies that are foreseeable to have recovery periods of 1-6 months, then maybe we would not have to dip into our BTC investment - which surely would be the goal, so we would have priorities in terms of the order in which we spend from our various back up funds, and I would think that bitcoin would be towards the last resort in terms of the order of what is spent, yet each person has to figure out his priorities and he is in a much better position to not have to spend any of his bitcoin if he has decently sufficient emergency funds and other back up funds and systems (including potentially family resources) in place... which some folks will have more kinds of resources built up as compared to other folks, and part of the goal when investing would be to be building up the various systems, which might even be attempting to assure that you are in good health and strong so that you might be less likely to suffer from physical ailments, too.

and this mistake is usually common to people that started the Bitcoin investment newly, one way to be able to accumulate more Bitcoin when there's a dip is to have a reverse fund, when using your DCA strategy try as much as possible to also have a reverse fund as to help you in a lot of things especially accumulating more when there's a dip.

I am not sure how much newbies need to concern themselves with reserve funds.. especially in their early years, yet sure of course, reserve funds are part of the package in which each of us should be building, and if a newbie is really new to investing into bitcoin or anything else, the first two categories to build would be the BTC fund and the emergency fund, and so getting each of them up to 3 months of expenses each should be the first goal, and I am not sure how long that is going to take, even though of course, the higher the discretionary income (percentage wise), then the faster those two funds can get up to 3 months each, and yeah maybe it would be better to have emergency funds greater than 3 months, yet that is where reserve funds and floats can make up for the relative newbie investor's decision to ONLY have 3 months in his emergency fund...

so yeah there should be priorities, and some ways of figuring out and framing priorities makes more sense when putting the matters into practice and going through some of the challenges of potentially having some fluctuations in income, expenses, BTC prices and perhaps other market dynamics that contribute towards understanding the extent to which the systems that the newbie investor has in place and if the systems that are in place are sufficiently reasonable, prudent and practical

You are right building those two should be the first thing to do as a newbie for and for the emergency fund you mentioned it should be built and made very strong because 60 percent or more of people taking out all there Bitcoin investment are because of emergency issues or problem,

Hm?  I am not sure how you could reasonably assign any percentage to the reasons that someone might end up withdrawing from their bitcoin stash earlier than they had planned and perhaps what kind of poor cash management might have been in the mix in regards to what kinds of situations might end up taking place because it seems that frequently when folks suffer emergencies, the "emergencies" may well come from their not even being closed to prepared for various foreseeable situations that could arise, and each of us should have some sense for various foreseeable situations that could come about (and even have some extra in our funds, and preparations for situations whose specifics are less than foreseeable).. and yeah, the earlier we are in our bitcoin investment, then perhaps the less prepared that we might be for various emergency situations since we might not have had spent a sufficient amount of time thinking through possible bad scenarios that could play out and making sure that we have enough funds to that we do not need to tap into our bitcoin investment,

and surely some newbies make the mistake of treating their bitcoin investment as part (if not all) of their emergency fund, which surely is a pretty sloppy (and perhaps a kind of gambling) kind of a practice to have your bitcoin serving as part or all of your emergency funds, which is just asking for trouble since any of us are going to have various fluctuations in our cashflow and expenses that could devolve into being an emergency if we do not have various kinds of back-up funds that are extra and separate from our bitcoin investment.. and so in that sense, our bitcoin investment should be considered as something that is out of the realm of possibility to touch.. which is why a 4-10 year or more timeline is placed on it.. which in reality for someone in their 20s or even 30s, they may well have a 20 year or more investment timeline.. and yeah if they can end up investing in such a way that their investment timeline ends up playing out as less than 20 years, and they are able to start to withdraw from their bitcoin investment earlier than 20 years, then yeah, sure those kinds of things can happen with bitcoin, but there still should be needs for thinking that the investment timeline is longer rather than shorter, and when I describe 4-10 year investment timelines, those are even on the short end and might even assume that the person is front loading their investment and are not exactly a newbie to investing, since an actual newbie might really ONLY start to get a point of having a decently sized bitcoin holdings until around 10 years of investing into it.

my friend has been investing on Bitcoin for years now but when he has an emergency which his mom was very sick he used all his savings for his mom's health still it was getting worst so he needed to dip hands into his Bitcoin investment and he withdrawed everything now his starting all over again we were discussing the other day he said making your emergency funds so strong is very important than being aggressive in one's accumulation that without a strong emergency funds one can't keep up with investment and I think his right every newbie should always make his emergency funds strong in other to secure his investment and after building this two you mentioned strongly he or she should proceed in building his or her reverse and float funds because they can also be of great help.

Surely people can attempt to anticipate how far their emergency funds go out, including which family members count for using emergency funds and maybe for a mom there might be decisions that you can use float and/or reserves but you will not dip into your emergency fund.. so surely people are going to vary to the extent to which they might consider themselves to be financially responsible for certain family members... including considering what kinds of emergency systems various family members might have in place for themselves, and yeah we might be the emergency system for certain family members and we should attempt to account for those kinds of considerations in the process or preparing our bitcoin investment and what kinds of emergency funds and back up funds that we might have available in terms of our interpretation of the level, extent and scope our financial responsibilities.

I think a newbie should try if possible get a two source of income it will really be of great help or if his only job has a good pay he should manage his self very well so has to build his investment very well.

As I already mentioned, extra sources of income do not solve all of the issues, but sure extra sources of income increase discretionary income and abilities to invest more into bitcoin and abilities to build up larger emergency and/or back up funds.

One of the thing I know that can affect a newbie is not having a good pay at his work place when is salary is very small then investing and keeping up becomes hard especially if his married but it could be possible if his single and learn to manage his little salary.

Sure.. two parts of the formula is income and expenses, so if your income is barely covering your expenses, then you do not have discretionary income in order to be able to invest.  You have to have discretionary income in order to invest, otherwise you are gambling (or perhaps trading) rather than investing.

Even though you can do whatever you like when it comes to bitcoin, the reason many of us talk about 4-10 years or longer when it comes to bitcoin is because we are referring to bitcoin as an investment rather than a trade.. but yeah, some guys might not have enough discretionary income to actually be able to invest, and they are stuck with trying to figure out how to either increase their income or cut their expenses or perhaps just investing very small amounts that still fit within a relatively small discretionary income.. so yeah, the smaller the discretionary income the more difficult it becomes to invest into something like bitcoin where you should have at least a 4 year timeline for any new amount that you end up putting into bitcoin, if you are treating those injected amounts as investments rather than trading or gambling.

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.

Yep this is what most people should be doing, which is persistently, consistently and ongoingly accumulating bitcoin within the scope of what they feel that they cdan reasonably accomplish in their budget.. and most people are not doing this.

Yeah, persistently, consistently accumulating Bitcoin is what a true investor should be doing, for me seeing that a lot of people has accumulated enough always encourage me to keep going and if they can do it i can do it, and right now I have a target in my Bitcoin accumulation journey which I have determine to meet and is important for everyone especially a newbie to have a target when one has a target he or she knows where there going and is only when they meet that target they can be satisfied.
Having a target will help people who are not persistently and consistently accumulating Bitcoin to do so.

For sure having a target is part of the matter, yet the target should be somewhat dynamic in the sense that you might have 1 year targets and then 3 year targets and 5 year targets and 10 year targets, so you may well tweak from time to time, or reassess from time to time the extent to which you are on-track and/or that your various targets are reasonable in regards to how they apply to your own circumstances and your expected circumstances.. so for example you might have an income that is around $2.5k per month and expenses that are around $1.8k per month, yet each of those might fluctuate, and you have expectations regarding your future income increasing and your expenses may or may not be going up based on how you might consider that some of your priorities might be, so no one can really tell you what your priorities should be, even though some things might make more sense than others, especially if you might have already established some of your goals, then you might also want your priorities to line up with your goals, but then if you project out various income and expenses expectations, then you reassess at various points and maybe doing superficial reassessments on a monthly basis, but maybe more deeper reassessments quarterly and even more deeper assessments annually, you may well end up seeing that some of your projections forward are playing out and other projections are not playing out, and you might even recognize some stresses that you might have in your budget based on some of your own mistakes, so you might end up deciding to change some of your allocations, which could result in increasing or decreasing the amounts that you put into bitcoin at various points, including there could be some folks who receive extra payments/income/bonuses 2-3x per year and some of those might be somewhat expected and others might be surprises, and the same could be true with expenses that might come 2-3x per year, and the income and the expense extras might not line up with each other,, so there might need to be flexibility and even tentative plans regarding how to potentially deal with those kinds of yearly matters that may or may not even be regular... but can be assessed and reassessed once they happen and to see how the previously established cash management systems dealt with those kinds of variations in income/expenses.

Yeah you are right, one's target can change from time due to some factors you just listed out and you are right no one should tell someone what his or her target should be because everyone has there own target, perspective and different financial strength. One's target changing from time to time should be in a way to balance everything to make for a good investment.
Is also best we make our goals strength in other to achieve what we desire and is also good for us to manage our finance very well, mistake is one thing that must happen to a newbie when it comes to investment but is best we learn from them and make sure we become better.

Surely mistakes and tweaking are mostly inevitable for anyone who is really engaging with his investment, including the more aggressive that you are, the more likely you will make mistakes and/or need to tweak from time to time.

DCA could allow for a small amount of an investment that might not need any tweaking, so if we go back to my earlier example of someone who largely has in the ballpark of $700 of discretionary income per month, and if that person invested $10 to $30 into bitcoin per week that would be right around $520 to $1,560 per year, and if the discretionary income is something like $8,400 per year, the person is not really being very aggressive and maybe such person could invest into bitcoin 10-20 years or longer without making hardly any adjustments or even having to think about his/her investment into bitcoin...so surely there can be more passive and/or whimpy ways to invest into bitcoin and not having to give very much thought to the whole process... but then at some point, if such whimpy investor is investing on an exchange the amount can start to build up and surely there could be some need or preference to move the coins off of an exchange, but not even that is necessary, so some folks might keep their coins with third parties and they might not even need to learn about how to hold their own coins.. so from my point of view, they would be largely investing into price exposure into bitcoin rather than bitcoin itself, and so there are people who want to invest in that kind of a more superficial (and passive) kind of way, which may or may not end up working out for them...and they might not really know too much about bitcoin except for having a number go up viewpoint of it.

[Reincarnated Sat]

and this mistake is usually common to people that started the Bitcoin investment newly, one way to be able to accumulate more Bitcoin when there's a dip is to have a reverse fund, when using your DCA strategy try as much as possible to also have a reverse fund as to help you in a lot of things especially accumulating more when there's a dip.

I am not sure how much newbies need to concern themselves with reserve funds.. especially in their early years, yet sure of course, reserve funds are part of the package in which each of us should be building, and if a newbie is really new to investing into bitcoin or anything else, the first two categories to build would be the BTC fund and the emergency fund, and so getting each of them up to 3 months of expenses each should be the first goal, and I am not sure how long that is going to take, even though of course, the higher the discretionary income (percentage wise), then the faster those two funds can get up to 3 months each, and yeah maybe it would be better to have emergency funds greater than 3 months, yet that is where reserve funds and floats can make up for the relative newbie investor's decision to ONLY have 3 months in his emergency fund...

so yeah there should be priorities, and some ways of figuring out and framing priorities makes more sense when putting the matters into practice and going through some of the challenges of potentially having some fluctuations in income, expenses, BTC prices and perhaps other market dynamics that contribute towards understanding the extent to which the systems that the newbie investor has in place and if the systems that are in place are sufficiently reasonable, prudent and practical

You are right building those two should be the first thing to do as a newbie for and for the emergency fund you mentioned it should be built and made very strong because 60 percent or more of people taking out all there Bitcoin investment are because of emergency issues or problem,

Hm?  I am not sure how you could reasonably assign any percentage to the reasons that someone might end up withdrawing from their bitcoin stash earlier than they had planned and perhaps what kind of poor cash management might have been in the mix in regards to what kinds of situations might end up taking place because it seems that frequently when folks suffer emergencies, the "emergencies" may well come from their not even being closed to prepared for various foreseeable situations that could arise, and each of us should have some sense for various foreseeable situations that could come about (and even have some extra in our funds, and preparations for situations whose specifics are less than foreseeable).. and yeah, the earlier we are in our bitcoin investment, then perhaps the less prepared that we might be for various emergency situations since we might not have had spent a sufficient amount of time thinking through possible bad scenarios that could play out and making sure that we have enough funds to that we do not need to tap into our bitcoin investment,

and surely some newbies make the mistake of treating their bitcoin investment as part (if not all) of their emergency fund, which surely is a pretty sloppy (and perhaps a kind of gambling) kind of a practice to have your bitcoin serving as part or all of your emergency funds, which is just asking for trouble since any of us are going to have various fluctuations in our cashflow and expenses that could devolve into being an emergency if we do not have various kinds of back-up funds that are extra and separate from our bitcoin investment.. and so in that sense, our bitcoin investment should be considered as something that is out of the realm of possibility to touch.. which is why a 4-10 year or more timeline is placed on it.. which in reality for someone in their 20s or even 30s, they may well have a 20 year or more investment timeline.. and yeah if they can end up investing in such a way that their investment timeline ends up playing out as less than 20 years, and they are able to start to withdraw from their bitcoin investment earlier than 20 years, then yeah, sure those kinds of things can happen with bitcoin, but there still should be needs for thinking that the investment timeline is longer rather than shorter, and when I describe 4-10 year investment timelines, those are even on the short end and might even assume that the person is front loading their investment and are not exactly a newbie to investing, since an actual newbie might really ONLY start to get a point of having a decently sized bitcoin holdings until around 10 years of investing into it.

Well the percentage I gave was not a verified one I just thought about it from the stories I hear why people withdraw all there Bitcoin and from the situations I have seen around me it has always been because of emergency issues or problems, well I may not be correct for the percentage gave just my thought.
However if we do a survey about this matter I believe majority of people that withdrawed all there Bitcoin or that dipped hands into there Bitcoin investment will be for emergency reasons.
And yeah you are right that the earlier we are in our bitcoin investment, then perhaps the less prepared that we might be, and that is why we need to plan before starting the accumulation journey, we need to set things in other, a lot of newbies joined the Bitcoin investment without thinking about all this things we are discussing now and that is why as a newbie you need to have the basic knowledge about Bitcoin investment before starting your investment, and along the line you will know more but at least have the basic knowledge because it is that basic knowledge that will help you make some important decisions that will lead  you being successful in the investment.

Yeah you are very correct, for me if a keep my goal to be 4 to 10 years believe you me I won't achieve or accumulate enough especially since I'm building my Backup funds a long side me Bitcoin so I need more years to be able to accumulate enough, Bitcoin is a very nice investment and I'm so comfortable with the investment I'm not scared of anything I have peace of mind so staying in Bitcoin investment for a very long time is not an issue for me my plan is to achieve my desire.
Making one's Bitcoin investment as part of his emergency funds is a very big mistake and should not be done, but how will someone even think of that even as a newbie I don't have such mentality because I know I will end up running down my Bitcoin investment if I do such.
Bitcoin investment is a good one and should be treated with seriousness a lot of people wished they could take back the hands of time so they could take there Bitcoin accumulation seriously, of you plan yourself very well I believe you will succeed in the wonderful journey, for me I'm hodling bitcoin till we shock the world with how great Bitcoin will grow, a lot of people believe Bitcoin won't grow more than this but that's not it Bitcoin has not grown half of it's scarcity so it will keep growing.


 

[JayJuanGee]

[edited out]

Well the percentage I gave was not a verified one I just thought about it from the stories I hear why people withdraw all there Bitcoin and from the situations I have seen around me it has always been because of emergency issues or problems, well I may not be correct for the percentage gave just my thought.
However if we do a survey about this matter I believe majority of people that withdrawed all there Bitcoin or that dipped hands into there Bitcoin investment will be for emergency reasons.

I am not sure if you are saying anything, especially since I already mentioned that merely engaging in bad cashflow management can end up contributing to actual emergencies that could have had been prevented or better mitigated with better cashflow management, so maybe we might label some of those situations as emergencies, but they aren't, so if you engage in sloppy labeling of what you believe to be happening, then you can call it whatever you like, while at the same time, if you place specific percentage numbers on it, then surely, those kinds of representations could end up being misleading... or creating an impression that you had gotten the numbers from somewhere when you are just throwing out seemingly random numbers based on somewhat random labels.

And yeah you are right that the earlier we are in our bitcoin investment, then perhaps the less prepared that we might be,

Surely, I was not saying that.  I am suggesting not to overly generalize and including that there are guys who might have come to bitcoin early, but they are still building their BTC portfolios, so even if the BTC price goes into $100k and higher they still may well be accumulating BTC for years and years, even if they had already been in BTC for a couple of cycles.

and that is why we need to plan before starting the accumulation journey,

You can make the plan as you go... One of the best plans is to get started, then get your financial shit in order while you had already started, and then tweak your plan along the way including potentially making sure that you are buying some amount of bitcoin every week for at least a whole cycle, and then maybe after you are through a whole cycle, you might start to be in a position that you can reassess with a bit more insight in regards to how much BTC you had accumulated in comparison to your various other personal factors, so yeah it could make a difference if you are brand new to investing at all or if you are just brand new to bitcoin and you already have other investing experience and perhaps other cashflow management experiences.

we need to set things in other, a lot of newbies joined the Bitcoin investment without thinking about all this things we are discussing now and that is why as a newbie you need to have the basic knowledge about Bitcoin investment before starting your investment,

I surely am not saying that either, since one of the main things that I tend to say is get the fuck started investing into BTC as soon as possible.. You can figure out your various details as you go, and yeah, surely some people get started and they hardly put any effort into learning about the thing that they are investing into and that is likely their problem, but even though people might be looking for easy fixes, I surely am not backing off of my suggestions regarding getting started ASAP...and hopefully the fact that you are investing into something (like bitcoin) will motivate you to learn about it and to figure out your cash management so that you do not get overly reckt.  It is likely that an overwhelming majority of folks have at least enough skills to figure out if their income is greater than their expenses, so if they have figured out that they have disposable income, then they can start to invest into bitcoin.  If they don't have disposable income or they cannot figure it out, then maybe those ones need to at least figure out the basics.. do they have disposable income or not.. .if so, then you can get started investing into bitcoin, whether it is $100 per week, $10 per week or some other amount that seems reasonable based on their own assessment of their disposable income, and then spend some time learning about bitcoin and cashflow management towards the level of their investment and/or perhaps so that they might be able to invest more aggressively into bitcoin rather than probably if they had likely started out somewhat conservative in the event that they might not yet be very familiar with bitcoin beyond having some superficial knowledge that may or may not be correct.

and along the line you will know more but at least have the basic knowledge because it is that basic knowledge that will help you make some important decisions that will lead  you being successful in the investment.

Basic cashflow management.. most people (especially adults) should already know most of those things, and if they don't or if they are kid, then they better spend some time figuring it out, but I don't think that it is too much to expect that people should already know basic cashflow management if they expect to invest into anything, rather than gambling.. but yeah, sure we have a lot of gamblers and people who throw money around like they don't know what the fuck they are doing, and surely they need to figure that shit out for themselves, yet that is not going to stop me from both suggesting that people get started in bitcoin ASAP and presuming that people know how to manage their own cashflows, and if they don't they better figure that shit out if they plan to invest and don't come crying to me and say that I told them to start investing into bitcoin right away and they don't know shit about shit.. including cashflow management or how to do basic math or things like that.. .. that's on them..  I am going to presume some basic skills unless someone tells me otherwise or points to some specific basic area that they might have questions... and there is no problem with those kinds of questions, that's why we have forums (and threads) like this.

Yeah you are very correct, for me if a keep my goal to be 4 to 10 years believe you me I won't achieve or accumulate enough especially since I'm building my Backup funds a long side me Bitcoin so I need more years to be able to accumulate enough, Bitcoin is a very nice investment and I'm so comfortable with the investment I'm not scared of anything I have peace of mind so staying in Bitcoin investment for a very long time is not an issue for me my plan is to achieve my desire.

Many times investing takes 20-40 years or longer, but there could be some chances that a person might be able to invest on shorter-time horizons, especially with something like bitcoin, even though we cannot take it for granted that the timeline will be shorter than traditional investments, but there seem to be good chances that bitcoin will continue to serve as a good place to put value even if someone might have had figured that he ONLY has somewhere in the ballpark  of $10 per month that he is able to invest, and so in the end, there are advantages towards being able to invest such small amounts, even though it could take a while to build a decent investment if the amounts are so small, so people have to work within their means and figure out how aggressive that they can be based on their own financial and psychological circumstances.

Making one's Bitcoin investment as part of his emergency funds is a very big mistake and should not be done, but how will someone even think of that even as a newbie I don't have such mentality because I know I will end up running down my Bitcoin investment if I do such.

Sure, there are probably a decent number of newbie investors who don't realize that they need to keep some kind of emergency fund, back up funds, reserves and/or float, especially when they are investing into something as volatile as bitcoin, and we might presume some of that is common sense, even though it is a somewhat basic mistake that newbies might end up making yet fairly easily they should be able to learn their way out of something that is somewhat basic like that.

Bitcoin investment is a good one and should be treated with seriousness a lot of people wished they could take back the hands of time so they could take there Bitcoin accumulation seriously, of you plan yourself very well I believe you will succeed in the wonderful journey, for me I'm hodling bitcoin till we shock the world with how great Bitcoin will grow, a lot of people believe Bitcoin won't grow more than this but that's not it Bitcoin has not grown half of it's scarcity so it will keep growing.

Of course there are a lot of people who either hardly have any clue about bitcoin or they have failed/refused to act in terms of investing into bitcoin, so the fact that somewhere in the ballpark of 99% of the world's population does not own any bitcoin or they ONLY own some token amount of bitcoin, likely demonstrates that we are still early, whether folks want to believe that or not.. the more that we learn about bitcoin, the more likely we will realize that we are still pretty early in terms of both what bitcoin is and what it is likely to become based upon what it is and where it came from.

[Reincarnated Sat]

[edited out]

Well the percentage I gave was not a verified one I just thought about it from the stories I hear why people withdraw all there Bitcoin and from the situations I have seen around me it has always been because of emergency issues or problems, well I may not be correct for the percentage gave just my thought.
However if we do a survey about this matter I believe majority of people that withdrawed all there Bitcoin or that dipped hands into there Bitcoin investment will be for emergency reasons.

I am not sure if you are saying anything, especially since I already mentioned that merely engaging in bad cashflow management can end up contributing to actual emergencies that could have had been prevented or better mitigated with better cashflow management, so maybe we might label some of those situations as emergencies, but they aren't, so if you engage in sloppy labeling of what you believe to be happening, then you can call it whatever you like, while at the same time, if you place specific percentage numbers on it, then surely, those kinds of representations could end up being misleading... or creating an impression that you had gotten the numbers from somewhere when you are just throwing out seemingly random numbers based on somewhat random labels.

I understand your point of view very well and you are right
bad cash flow management can end up contributing to actual emergency and that is why we need to have good management tactics in other to secure our investment.
And I'm wrong placing such numbers as percentage since I'm not even sure and is not verified so I take back my words, and about the emergency issue well for me I think what can be an emergency for me won't be for the next person, a lot of people take things that are not actual emergency as though emergency, However one can't say they are not emergency issues since the person in questions sees it as emergency.
I think if we have a strong emergency funds it will help in any kind of emergency we find ourselves and it will be good we try to only use our emergency funds to real emergency only, there are a lot of people that use there emergency funds on something that are not worth emergency and when the real emergency comes they regret using there emergency funds on the former thing, some people use there emergency funds to go for a event they were invested late and because the information reached them late when they have no money so they dip hands into there emergency funds in other to make contributions when they get there which is wrong. But like I said before how I see emergency may be different from the next person but I will advise we use our emergency funds the right way.

And yeah you are right that the earlier we are in our bitcoin investment, then perhaps the less prepared that we might be,

Surely, I was not saying that.  I am suggesting not to overly generalize and including that there are guys who might have come to bitcoin early, but they are still building their BTC portfolios, so even if the BTC price goes into $100k and higher they still may well be accumulating BTC for years and years, even if they had already been in BTC for a couple of cycles.

I'm so sorry for miss quoting you I was thinking that was what you meant, but now you have explained it well and I understand it very well thanks.
Yeah you are correct and that is why is good to have the mindset of a very long term accumulation journey.

[EclipseXcrypto]

Making one's Bitcoin investment as part of his emergency funds is a very big mistake and should not be done, but how will someone even think of that even as a newbie I don't have such mentality because I know I will end up running down my Bitcoin investment if I do such.

Sure, there are probably a decent number of newbie investors who don't realize that they need to keep some kind of emergency fund, back up funds, reserves and/or float, especially when they are investing into something as volatile as bitcoin, and we might presume some of that is common sense, even though it is a somewhat basic mistake that newbies might end up making yet fairly easily they should be able to learn their way out of something that is somewhat basic like that.

Bitcoin investment is a good one and should be treated with seriousness a lot of people wished they could take back the hands of time so they could take there Bitcoin accumulation seriously, of you plan yourself very well I believe you will succeed in the wonderful journey, for me I'm hodling bitcoin till we shock the world with how great Bitcoin will grow, a lot of people believe Bitcoin won't grow more than this but that's not it Bitcoin has not grown half of it's scarcity so it will keep growing.

Of course there are a lot of people who either hardly have any clue about bitcoin or they have failed/refused to act in terms of investing into bitcoin, so the fact that somewhere in the ballpark of 99% of the world's population does not own any bitcoin or they ONLY own some token amount of bitcoin, likely demonstrates that we are still early, whether folks want to believe that or not.. the more that we learn about bitcoin, the more likely we will realize that we are still pretty early in terms of both what bitcoin is and what it is likely to become based upon what it is and where it came from.

This aspect has contributed to so many investors selling off or diping hand to their Bitcoin holdings prematurely. It's important for investors to understand how  these back up funds can be helpful in regards to holding for a long term. A lot of investors makes this mistakes, Holding Bitcoin for a longer period, there has to be a balance between personal issues and investment. Investing in Bitcoin is not like a daily income generating assets that you can deep hands into at any moments, long term purpose requires setting aside funds that gives you back up not to intefere with your bitcoin accumulation. Along acumulating journey there are unforseen situation that will be faced but this funds are what we fall back to.

Yeah you are right JJG, Bitcoin is still in it's earliest stage, still spreading gradually and Attracting more individuals day by day. Numerous number of world population is not yet involved in bitcoin,  but with the way bitcoin started, its capabilities and future potential I think the world has not yet  seen the maximum potential of Bitcoin. As worker or income earner investing allocating percentage from your income into Bitcoin for years, can serve a  better purpose in the future.

[Agbamoni]

I surely am not saying that either, since one of the main things that I tend to say is get the fuck started investing into BTC as soon as possible.. You can figure out your various details as you go, and yeah, surely some people get started and they hardly put any effort into learning about the thing that they are investing into and that is likely their problem, but even though people might be looking for easy fixes, I surely am not backing off of my suggestions regarding getting started ASAP...and hopefully the fact that you are investing into something (like bitcoin) will motivate you to learn about it and to figure out your cash management so that you do not get overly reckt. 

You are very correct here. I respect and admire the fact that you are encouraging people to start investing in something you believe in like Bitcoin, and you have not just encouraged them but have told them to reality truth, which is the downside if there is no proper preparation. It is important to gain basic knowledge about Bitcoin, risk management, and investment strategies before starting a Bitcoin investment. What I can contribute to what you have said so far is that anyone starting (newbies) should start with a small amount they can manage while they continue to learn if they are in haste. This will allow them to gain experience and make informed decisions as their knowledge grows. Also, this can apply to the rich ones. Even if they have more than enough to start the knowledge is important if not, they will lose all their money in the investment.

It is very ironic that the newbies with no BTC are likely to have the most worries on every Bitcoin downturn.  

FOMO is one big factor. Since they have not had any experience and everything people talk about Bitcoin just seems to be hypes and excitement around it. These things give them the feeling that it is not worth investing in it. Based on their previous experiences on other technologies they have tried, and it has failed. Once they hit their first investment by buying their first Bitcoin their mindset will gradually start to change.

[Glen Hoddle]

So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.

Yes, it is not enough to use strategy to increase your Bitcoin holdings, you have to be committed. Everyone has his own investment strategy that he prefers. Whatever the investment method is, if the investment is long term, committed and regular then it can be an ideal investment. While making a commitment to invest is easy, keeping the commitment can be a little more difficult. Because your life will not always be the same. Life will be favorable at times and unfavorable at other times. Keeping promises is an easy task under favorable conditions but becomes challenging under unfavorable conditions. Various funds come in handy to protect investments in these adverse situations. You can create several funds according to your finances and you can name them. In accordance with the name one can use a fund on the basis of need in adverse situations. In this case, you don't have to go through adverse conditions depending on the investment and can stick to your commitment to increase your Bitcoin holdings.

If the investment is for long term then it must be kept carefully, as it is normal to face various problems in this adverse environment of life. That's why I have disturbed the fund in some parts in terms of personal investment, because in difficult times of life I can spend from my emergency fund in the investment sector and continue to invest regularly. Especially since my investment list is marked with deep buying, I start investing more when the market is dumping. And it needs enough planning to sustain my investment for long term, long term investment must have plan then it becomes ideal investment.

[Ruttoshi]

I surely am not saying that either, since one of the main things that I tend to say is get the fuck started investing into BTC as soon as possible.. You can figure out your various details as you go, and yeah, surely some people get started and they hardly put any effort into learning about the thing that they are investing into and that is likely their problem, but even though people might be looking for easy fixes, I surely am not backing off of my suggestions regarding getting started ASAP...and hopefully the fact that you are investing into something (like bitcoin) will motivate you to learn about it and to figure out your cash management so that you do not get overly reckt.  

You are very correct here. I respect and admire the fact that you are encouraging people to start investing in something you believe in like Bitcoin, and you have not just encouraged them but have told them to reality truth, which is the downside if there is no proper preparation. It is important to gain basic knowledge about Bitcoin, risk management, and investment strategies before starting a Bitcoin investment. What I can contribute to what you have said so far is that anyone starting (newbies) should start with a small amount they can manage while they continue to learn if they are in haste. This will allow them to gain experience and make informed decisions as their knowledge grows. Also, this can apply to the rich ones. Even if they have more than enough to start the knowledge is important if not, they will lose all their money in the investment.

Newbies can learn at their own comfortable time and not with haste as long as they have started their bitcoin investment. Getting started is the most important thing and learning can be done gradually when they have the rime to learn since they are investing and hodli in a long period of time, whatever they feel is important for them to know can be learnt during time duration. I want to also add that after they have started with little amount in the beginning as time passes by and their knowledge is increasing, they should also increase the amount of money that they are using to invest because their faith in bitcoin is strong that will help them acquire more bitcoin faster.

So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.

Yes, it is not enough to use strategy to increase your Bitcoin holdings, you have to be committed. Everyone has his own investment strategy that he prefers. Whatever the investment method is, if the investment is long term, committed and regular then it can be an ideal investment. While making a commitment to invest is easy, keeping the commitment can be a little more difficult. Because your life will not always be the same. Life will be favorable at times and unfavorable at other times. Keeping promises is an easy task under favorable conditions but becomes challenging under unfavorable conditions. Various funds come in handy to protect investments in these adverse situations. You can create several funds according to your finances and you can name them. In accordance with the name one can use a fund on the basis of need in adverse situations. In this case, you don't have to go through adverse conditions depending on the investment and can stick to your commitment to increase your Bitcoin holdings.

If the investment is for long term then it must be kept carefully, as it is normal to face various problems in this adverse environment of life. That's why I have disturbed the fund in some parts in terms of personal investment, because in difficult times of life I can spend from my emergency fund in the investment sector and continue to invest regularly. Especially since my investment list is marked with deep buying, I start investing more when the market is dumping. And it needs enough planning to sustain my investment for long term, long term investment must have plan then it becomes ideal investment.

You are lucky to start your investment journey at the dip but that doesn't mean that other newbies who don't have any bitcoin yet will be lucky to buy at the dip. This is why the dip is not important for a brand new investor or a low coiner to think of because it might make them not stay focus on buying bitcoin regularly. DCA is the method that will enable a new investor acquire more bitcoin because he is steadily buying every week or month without missing or skipping. You will see that his bitcoin portfolio will be increasing gradually and he still have the opportunity to buy at the dip.

Buying more bitcoin at the dip is good for those that can afford it but that should not be a priority for a new investor and a low coiner. DCA helps to balance your average bitcoin price overtime.

[red4slash]

It is very ironic that the newbies with no BTC are likely to have the most worries on every Bitcoin downturn.  Ironically the people who've been around more then 1 cycle, 5 years say are considerably less worried by the minor turbulence we're in and yet the old timers are surely more involved then a newbie so have more to lose.

I don't feel this is ironic because this is a natural thing especially for beginners because there are indeed several reasons such as those who do not fully understand how bitcoin works because they are still new to bitcoin so their learning is still new so it is quite natural that this can happen. But in the end it is with that that they will gain experience because I realize that it is things like this that make us even stronger in bitcoin.
That is commonplace and we have all felt that especially when we were first in bitcoin (as beginners).

But on the other hand, sometimes beginners actually don't really care when the increase or decrease occurs because their focus is not only looking at the chart but actually buying as much as possible as long as they can because they still believe that being in bitcoin will be good enough for them even though the initial intention is still only focused on instant profit but I think that is the driving force for them to stay in bitcoin.