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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 9576 times)
Justbillywitt
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August 14, 2024, 06:18:36 PM
 #1201


The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
Actually the DCA is not just proposed only for those that have lot of time to invest, but have little funds to do it at once. Rather DCA is suitable for all classes of investors. Both the rich investors and the poor investors. The rationale behind DCA method of investment, is to allow investors invest certain amount of money in bitcoin at a certain intervals, but on a regular basis. So if the rich investor wants to invest in bitcoin but he doesn't want to buy it all at once, he can as well utilize DCA. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.

R


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August 14, 2024, 06:21:32 PM
Merited by JayJuanGee (1)
 #1202


Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.

People are comparing trading to gambling due to the high risk they both involve. A lot of people are losing money in trading just as they are also losing in gambling, and that is why they always compare them. Even gambling is not fully based on luck; if someone can analyze it well, there is always a better opportunity to win than for those who just want to fully rely on luck. Let's know that we have different types of trading; some types of trading are akin to gambling.


Quote
But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
funny. How will investment be more dangerous than trading? It is not possible. In fact, let me tell you that people who easily lose money in the crypto industry are almost always traders. Many of them involve themselves in trading not because of anything but because they are eager to make quick money due to their lack of patience in investment. Whether someone buys Bitcoin at once or uses the DCA method, neither can be as dangerous as trading because even experienced traders lose money.If someone always follow news, someone will see almost every day that traders lose significant amounts. Just imagine if they had invested the money in Bitcoin I believe they wouldn't that certain amount in just a few days.and with time the Bitcoin price will really record and be in great profit.

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August 14, 2024, 07:14:17 PM
Last edit: August 14, 2024, 10:37:05 PM by Sim_card
Merited by JayJuanGee (1)
 #1203


The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
Actually the DCA is not just proposed only for those that have lot of time to invest, but have little funds to do it at once. Rather DCA is suitable for all classes of investors. Both the rich investors and the poor investors. The rationale behind DCA method of investment, is to allow investors invest certain amount of money in bitcoin at a certain intervals, but on a regular basis. So if the rich investor wants to invest in bitcoin but he doesn't want to buy it all at once, he can as well utilize DCA. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.
I don't think that DCA helps you to mitigate the loss invested in capital when there is a dcline in bitcoin price because if you DCA for a short period of time, you might not be profitable because bitcoin price might be at a price below all the price level that you bought. What I think mitigate the loss in capital is when you keep DCAing and hodli for a very long time. Hodli for long helps a lot limit the risk in bitcoin volatile nature and that is why it is always advisable for new bitcoin investors to have the goal of investing and hodling for long.

The advantages of DCA is that it gives you flexibility in investing in bitcoin and grow your bitcoin stash overtime by regular buying weekly or monthly without stress. It also helps to increase your bitcoin portfolio faster compared to lump sum alone or waiting for the dip, because you are always buying irrespective the price of bitcoin. It is just like someone building a house non-stop, you will see that the house will get finished faster because of the consistency. DCA also helps you to manage your finance properly especially those that are rich and are into other investments.

A poor man can be discplined in his financial life when using DCA because he knows that he must buy bitcoin weekly and will always set that as his priority, and not spending the money on irrelevant things that will not add any value to his life.

R


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August 14, 2024, 09:30:39 PM
Merited by JayJuanGee (1)
 #1204



The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.
I think you got it wrong here, the main reason for DCA is Bitcoin accumulation. Remember it's one of the three methods of accumulating Bitcoin which are lump sum, buying the dip and DCA. All these methods have one most important goal which is increasing your Bitcoin portfolio which is why you can utilize more than one in your accumulation journey where it applies better for you.

DCA further helps smoothen the volatility in the price of Bitcoin as an added advantage in your accumulation journey. Again there's nothing like loss in capital, you either buy when the price is higher or when it's lower, or better when there's a dip. Holding for a long time promises you good gains as against short term price fluctuations you might experience.

R


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August 14, 2024, 09:52:23 PM
 #1205

The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
Actually the DCA is not just proposed only for those that have lot of time to invest, but have little funds to do it at once. Rather DCA is suitable for all classes of investors. Both the rich investors and the poor investors. The rationale behind DCA method of investment, is to allow investors invest certain amount of money in bitcoin at a certain intervals, but on a regular basis. So if the rich investor wants to invest in bitcoin but he doesn't want to buy it all at once, he can as well utilize DCA. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.

The word “loss” on a DCA strategy have violated what the purpose of DCAing is. You are doing the DCA in order to gather a lot of bitcoin on average price of them because of the nature of the market and its volatility nature. Talking about mitigation of loss is like talking about another asset that you’ve acquired some loss and can’t continue holding them and sell them off. Bitcoin is no such asset or coin, if you’ve bought and holding through the DCA strategy, your focus should be on how you can reach your target goal of savings and not how much of your loss can be mitigated when using the Strategy.

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Cryptoprincess101
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August 14, 2024, 09:55:12 PM
 #1206


The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
Actually the DCA is not just proposed only for those that have lot of time to invest, but have little funds to do it at once. Rather DCA is suitable for all classes of investors. Both the rich investors and the poor investors. The rationale behind DCA method of investment, is to allow investors invest certain amount of money in bitcoin at a certain intervals, but on a regular basis. So if the rich investor wants to invest in bitcoin but he doesn't want to buy it all at once, he can as well utilize DCA. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market

I agree that anyone can choose to apply the DCA but most rich guys prefers doing a lump summing especially when a DIP happens and just decides to watch their investments but it will be wise for everyone to consider the DCA because they can have the opportunity to buy at more DIP price when they DCA and someone who uses the DCA strategy can own more stash of Bitcoins in their portfolio since they will be consistent in accumulations unlike someone who just bought at once and decides not to buy again.
             I am quoting your last line which I highlighted, saying that the main reason for DCA is to mitigate loss capital sounds very strange to me and you sound a little bit lost because basically if someone buys Bitcoin and the price DIPs, the amount of Bitcoins you have remains till the price gains back and everything returns to normal so if the price DIPs don't mean that the capital of investment would be lost, it's a very wrong narrative. Except the price of Bitcoin falls to zero, no capital of investment is being lost and of which the price of Bitcoin can never get to zero which means there is every likelihood that even when you buy and the price DIPs, you don't need to panic because it will be recovered as soon as the price comes back to it's initial price when you bought.

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August 14, 2024, 10:31:37 PM
Merited by JayJuanGee (1)
 #1207


The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
Actually the DCA is not just proposed only for those that have lot of time to invest, but have little funds to do it at once. Rather DCA is suitable for all classes of investors. Both the rich investors and the poor investors. The rationale behind DCA method of investment, is to allow investors invest certain amount of money in bitcoin at a certain intervals, but on a regular basis. So if the rich investor wants to invest in bitcoin but he doesn't want to buy it all at once, he can as well utilize DCA. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market

I agree that anyone can choose to apply the DCA but most rich guys prefers doing a lump summing especially when a DIP happens and just decides to watch their investments but it will be wise for everyone to consider the DCA because they can have the opportunity to buy at more DIP price when they DCA and someone who uses the DCA strategy can own more stash of Bitcoins in their portfolio since they will be consistent in accumulations unlike someone who just bought at once and decides not to buy again.
             I am quoting your last line which I highlighted, saying that the main reason for DCA is to mitigate loss capital sounds very strange to me and you sound a little bit lost because basically if someone buys Bitcoin and the price DIPs, the amount of Bitcoins you have remains till the price gains back and everything returns to normal so if the price DIPs don't mean that the capital of investment would be lost, it's a very wrong narrative. Except the price of Bitcoin falls to zero, no capital of investment is being lost and of which the price of Bitcoin can never get to zero which means there is every likelihood that even when you buy and the price DIPs, you don't need to panic because it will be recovered as soon as the price comes back to it's initial price when you bought.
When the price dips does not mean that you are at loss because you didn't sell but still hodli, it is when you sell in a dip due to panic that you will run at loss because the dip in price has nothing to do with the size of your bitcoin portfolio in the long run. DCA  is to make your bitcoin investment journey easy so that you don't start putting too much of your income into bitcoin, that it will affect you financially when you can just use some part of your discretionary income to buy regularly in order to continue increasing your bitcoin portfolio.

Lump sum is not done by only rich investors because they have money and if a rich man wants to lump sum he does not have to wait for the dip because he has already made his mind to invest in bitcoin and will not care if the price of bitcoin is at the dip or not, he will just lump sum immediately. A rich man will even benefit more if he has time to DCA with the money that he wants to use to lump sum but maybe due to lack of time or because he feels he have more than enough funds he can buy bitcoin whenever he likes with whatever amount he wants.

An average investor can also lump sum with his ongoing DCA whenever he has a big amount of money that he was never expecting and can do without such money for long. For instance, I am DCAing with $100 every week and I was paid Christmas bonus which is the same amount with my monthly income, since my monthly income can take care of my monthly needs and I also have discretionary income in which I DCA with every week, I can share my Christmas bonus into two parts and lump sum immediately with the money to buy bitcoin while my DCA is ongoing.

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August 14, 2024, 11:04:34 PM
 #1208



The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.
I think you got it wrong here, the main reason for DCA is Bitcoin accumulation. Remember it's one of the three methods of accumulating Bitcoin which are lump sum, buying the dip and DCA. All these methods have one most important goal which is increasing your Bitcoin portfolio which is why you can utilize more than one in your accumulation journey where it applies better for you.

DCA further helps smoothen the volatility in the price of Bitcoin as an added advantage in your accumulation journey. Again there's nothing like loss in capital, you either buy when the price is higher or when it's lower, or better when there's a dip. Holding for a long time promises you good gains as against short term price fluctuations you might experience.

You're right from your explanations, because DCA is opportunity that investors users to accumulate their bitcoin, and it's investors that doesn't know that during the time we are experiencing a DCA is the perfect time of every investors to buy more of Bitcoin and store for future purpose, but if you have people that guide you wrongly I don't that you can utilize such opportunity when it manifest, that's why I don't like to panic when the price decreases, because I have already had the experience that people profits when their is a experience of dip in bitcoin and some people in other way round people also lose

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August 15, 2024, 01:03:07 PM
 #1209

Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment?  Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles.
When you trade you are increasing the risk on your asset and any investment that one is not fully engage in or an investment where the investor is not adhering to certain rules and good decisions can one way or another lead to highs risk which is not different from someone who is trading because they will at the end have something in common which is losing their portfolio entirely. What is the point of investing when at the end an investor will adapt a trading pattern. The only difference is that he is continuing investing and may likely have a goal and a target to meet.
Bitcoin trading is something that is very technical and are done by expert, but I will advise newbies not to engage in Bitcoin trading at all, because there's high risk of you losing your money and you won't succeed in Bitcoin investment, if you check you will observe that those who has made huge profit from Bitcoin are those who has been consistent in accumulation and patient in holding for a long time.
Bitcoin investment gives one peace of mind but not when you are into Bitcoin trading, because of the high risk involved, there's high chance of you losing your money. however those who are expert wins and lose and when there wins are more than there loses they are still on point but if you want to succeed very well in Bitcoin investment engage in long term investment and avoid wasting your time and resources trading.

I don't know if its good to discuss trading in this thread, but you will not became an expert if you don't try those risky things and became consistent with it. But this is not really applicable to anyone since only people could stand the risk and could adapt the situations going on in the market.

So for those who don't know how to do it since their level of patience is so low then much better for them to not think about doing trades since most likely they are the one who mostly end up to became a loser. So instead taking those risky trades, they should start to learn more about buy then hold investment, since for this they can take away those stressful situation and the things they need to pay attention is how they became more persistent in their accumulation by the help of their strategy learned. Also how they became more consistent on their actions and decisions done with their bitcoin investment.

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August 15, 2024, 04:19:26 PM
 #1210

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.
The dip is only for people who are prepared for it and not for those who don't bother about it because it comes like a thief in the night when no one is expecting it. It might be that before you will take your paycheck this week, you might not see this current price and that is why a new investor does not need to bother about the dip because it will come and go when you don't expect it.

People who are planning for the dip are those bitcoin investors who have kept their reserve funds for the dip and those investors who are on their regular DCA buying every week or monthly because they are in their early stage in bitcoin and will surely buy bitcoin at different market price.
The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them
Both poor and rich investors can adopt the DCA strategy to accumulate bitcoin, and it is not designed for any class. There is no difficulty in accumulating bitcoin as far as I am concerned; you can accumulate bitcoin easily even if you are on a business trip. One of the reasons why some people accumulate bitcoin with the DCA strategy is to be able to control their emotions. For instance, if they accumulate bitcoin at a high price and if bitcoin dumps, they will not be worried because they know they will still accumulate bitcoin in a bearish state.

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August 15, 2024, 05:18:30 PM
 #1211

Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.

If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
In gambling, you will always need luck
I think in trading you also need luck; if not, there would have been so many successful traders.
I don’t have the least knowledge when it comes to trading tho, it’s always good traders learn first to make perfect even if it has to do with luck or not. Learning the basis knowledge and technique still doesn’t guarantee success when trading.

But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times.
As far as bitcoin is concerned, I disagree that investing in bitcoin is more dangerous than trading. If any bitcoin investor follows the principle of bitcoin, he or she can't lose money in bitcoin investment. Someone who has zero knowledge about bitcoin can invest in it and get it right. But in trading, you need to be an expert when it comes to technical analysis to help you analyze the price of bitcoin and predict if there will be a decrease or increase in bitcoin prices in a certain time or period, which you are not even certain will happen, and the possibility of you losing money in trading is high. For the sake of newbies in this thread, let's be careful about the knowledge we share here so that they will not be misled.
Still on trading discussion here?, actually  we can’t compare trading and investing even in terms of risk management. Both has different features with purpose and basically bitcoin investing comes with a long term plan meaning trading deals with short term gain which likely may not be comfortable for anyone, bitcoin investment risk comes only when an investor is trying to outsmart the system for example seeking short term profit and it still has to do with trade.

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August 15, 2024, 06:24:36 PM
Merited by JayJuanGee (1)
 #1212



The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.
I think you got it wrong here, the main reason for DCA is Bitcoin accumulation. Remember it's one of the three methods of accumulating Bitcoin which are lump sum, buying the dip and DCA. All these methods have one most important goal which is increasing your Bitcoin portfolio which is why you can utilize more than one in your accumulation journey where it applies better for you.

DCA further helps smoothen the volatility in the price of Bitcoin as an added advantage in your accumulation journey. Again there's nothing like loss in capital, you either buy when the price is higher or when it's lower, or better when there's a dip. Holding for a long time promises you good gains as against short term price fluctuations you might experience.

You're right from your explanations, because DCA is opportunity that investors users to accumulate their bitcoin, and it's investors that doesn't know that during the time we are experiencing a DCA is the perfect time of every investors to buy more of Bitcoin and store for future purpose, but if you have people that guide you wrongly I don't that you can utilize such opportunity when it manifest, that's why I don't like to panic when the price decreases, because I have already had the experience that people profits when their is a experience of dip in bitcoin and some people in other way round people also lose


People should not be discussing profits and loss when they are still in the accumulations state, the reason why it is always good to focus more on your accumulation journey other than thinking about how much of the profits or losses you are, anyone who is still in the accumulations process focus more on how to maximize various opportunities of increasing his or her Bitcoin holding other than prioritizing whether he or she is in profits or not, but yeah if proper planning is made no one will be thinking of selling even when in losses, the reason why it is always advise to focus more on how to have a good size of Bitcoin and hold for as long as 4 to 10 years or more before ever considering selling or not.

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August 15, 2024, 07:42:26 PM
 #1213


The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.
I think you got it wrong here, the main reason for DCA is Bitcoin accumulation. Remember it's one of the three methods of accumulating Bitcoin which are lump sum, buying the dip and DCA. All these methods have one most important goal which is increasing your Bitcoin portfolio which is why you can utilize more than one in your accumulation journey where it applies better for you.

DCA further helps smoothen the volatility in the price of Bitcoin as an added advantage in your accumulation journey. Again there's nothing like loss in capital, you either buy when the price is higher or when it's lower, or better when there's a dip. Holding for a long time promises you good gains as against short term price fluctuations you might experience.

You're right from your explanations, because DCA is opportunity that investors users to accumulate their bitcoin, and it's investors that doesn't know that during the time we are experiencing a DCA is the perfect time of every investors to buy more of Bitcoin and store for future purpose, but if you have people that guide you wrongly I don't that you can utilize such opportunity when it manifest, that's why I don't like to panic when the price decreases, because I have already had the experience that people profits when their is a experience of dip in bitcoin and some people in other way round people also lose
People should not be discussing profits and loss when they are still in the accumulations state, the reason why it is always good to focus more on your accumulation journey other than thinking about how much of the profits or losses you are, anyone who is still in the accumulations process focus more on how to maximize various opportunities of increasing his or her Bitcoin holding other than prioritizing whether he or she is in profits or not, but yeah if proper planning is made no one will be thinking of selling even when in losses, the reason why it is always advise to focus more on how to have a good size of Bitcoin and hold for as long as 4 to 10 years or more before ever considering selling or not.

The power of compounding can bring a lot of options, too, and many times people are not able to come even close to achieving the power of compounding when they are merely chasing short term profits that might not even add up to very much.   You can see my example of 2015 to present... and sometimes it can be difficult to grasp how something of value (such as BTC) will double upon itself several times.. yet it is not guaranteed to do so into the future..

I am not suggesting that anyone become greedy in their BTC holdings, yet so frequently, people do not appreciate how much power comes from holding an asset that tends to perform so much better than other assets (even if there tends to also be quite a bit of volatility along the way).... and the power of compounding is way more powerful than simple profits, even though it can take a bit of time for the compounding to play out.. and so even if we are fairly consistently investing small amounts, there can be some power in what the small amounts could become, even though again no where close to guaranteed, so we have to choose our investment size within our own tolerance that the most that we could lose is 100%, and at the same time, bitcoin also retains a fairly ongoingly strong investment thesis, in which ongoing compounding is not out of the question.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 15, 2024, 09:41:18 PM
 #1214

People should not be discussing profits and loss when they are still in the accumulations state, the reason why it is always good to focus more on your accumulation journey other than thinking about how much of the profits or losses you are, anyone who is still in the accumulations process focus more on how to maximize various opportunities of increasing his or her Bitcoin holding other than prioritizing whether he or she is in profits or not, but yeah if proper planning is made no one will be thinking of selling even when in losses, the reason why it is always advise to focus more on how to have a good size of Bitcoin and hold for as long as 4 to 10 years or more before ever considering selling or not.
Your right here. It is a good approach focusing on accumulating a good amount of Bitcoin first before thinking about profits and loss can be very beneficial to an investor who is in for the long term. It is of great importance to resist the urge of checking prices regularly like we are obsessed. It will reduce emotional decision making and increases the chances for a successful investment.

Pirce fluctuations are a normal part of Bitcoin by staying committed to our goals and target and positioning long term plans then a potential profit will be waiting for us.

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August 16, 2024, 08:32:37 AM
Merited by JayJuanGee (1)
 #1215

Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.

If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.

I can't comprend this, how did you come to the conclusion that investment is more risky than trading at time as you said, personally I don't concur to this notion of yours, lets get this straight, how would someone thats doing his or her investment gradually and continuously with DCA method be involved in risk than his opponent that concentrate in trading that we all know that has a high level of uncertainty surrounding it, I already know that no matter how experienced a trader is, he or she must lose but in bitcoin imvestment hence your are an investor that understand that the investment is meant for a long-term, the depreciation of the price wouldnt be a problem for you instead it will be an opportunity to buy at a lesser amount, in trading when you lose, you lose all the money that use on a particular trading sesion but in investment you cant lose, your asset may depreciate to an extent and also start appreciating once the market pump. In all round I don't see where investment can be more dangerous than trading, the risk involved in investment will always be lesser and manageable than that of trading.




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DubemIfedigbo001
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August 16, 2024, 12:40:11 PM
Merited by JayJuanGee (1)
 #1216

Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment?  Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles.
When you trade you are increasing the risk on your asset and any investment that one is not fully engage in or an investment where the investor is not adhering to certain rules and good decisions can one way or another lead to highs risk which is not different from someone who is trading because they will at the end have something in common which is losing their portfolio entirely. What is the point of investing when at the end an investor will adapt a trading pattern. The only difference is that he is continuing investing and may likely have a goal and a target to meet.
Bitcoin trading is something that is very technical and are done by expert, but I will advise newbies not to engage in Bitcoin trading at all, because there's high risk of you losing your money and you won't succeed in Bitcoin investment, if you check you will observe that those who has made huge profit from Bitcoin are those who has been consistent in accumulation and patient in holding for a long time.
Bitcoin investment gives one peace of mind but not when you are into Bitcoin trading, because of the high risk involved, there's high chance of you losing your money. however those who are expert wins and lose and when there wins are more than there loses they are still on point but if you want to succeed very well in Bitcoin investment engage in long term investment and avoid wasting your time and resources trading.

I don't know if its good to discuss trading in this thread, but you will not became an expert if you don't try those risky things and became consistent with it. But this is not really applicable to anyone since only people could stand the risk and could adapt the situations going on in the market.

I would be very quick to direct you to the trading board of the forum, there you can discuss trading as much as you like, we are more concerned about investment here and patterns of bitcoin accumulation to securing our future finances. Trading is a career that you need to learn differently and would eat up your time and mental energy and still end up burning out your funds if you are not very sound in it and I don't have that kind of mental energy.

We here are not cut out for that lane, we are very dedicated people to the curse of bitcoin accumulation and holding for a long period of time in order to see our profits compound and our financial future secured. One very good thing about investing in bitcoin that makes me embrace it without holding back is that I do not need to focus and monitor my investment every time, and my mind is always at peace knowing that my investment is safe and not tampered by any system or activity, the only work I have to do is secure my wallet and get ready to increase my portfolio at the appropriate interval of time while I can get busy with other things that matters to me and live a normal life independent of my holdings, trusting in the process and knowing that my investments are secured and would get profitable in due time.

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JayJuanGee
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August 16, 2024, 03:43:21 PM
 #1217

Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.

If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
I can't comprend this, how did you come to the conclusion that investment is more risky than trading at time as you said, personally I don't concur to this notion of yours, lets get this straight, how would someone thats doing his or her investment gradually and continuously with DCA method be involved in risk than his opponent that concentrate in trading that we all know that has a high level of uncertainty surrounding it, I already know that no matter how experienced a trader is, he or she must lose but in bitcoin imvestment hence your are an investor that understand that the investment is meant for a long-term, the depreciation of the price wouldnt be a problem for you instead it will be an opportunity to buy at a lesser amount, in trading when you lose, you lose all the money that use on a particular trading sesion but in investment you cant lose, your asset may depreciate to an extent and also start appreciating once the market pump. In all round I don't see where investment can be more dangerous than trading, the risk involved in investment will always be lesser and manageable than that of trading.

I am glad that several forum members are not agreeing to EarnOnVictor's framework, which surely seems misleading in terms of seeming to want to compare trading and investing in bitcoin as if they have similar kinds of tradeoffs.

I agree that there is risk in either one, yet surely the kinds of risks are different, including the execution risk of trading has a lot of potential complications and variations, and surely even EarnOnVictor would not even be limiting himself to trading with dollars and bitcoin and perhaps using leverage and other financial instruments, but he may well end up wanting to throw various shitcoins into the mix, and each kind of product that any of us might attempt to learn about and how to potentially hedge it would bring additional kinds of complications, which may well not be impossible to learn, but the level of skills should not be compared to those of someone who may well have some kind of a longer term investment into bitcoin that is 4-10 years or longer.

Regarding investment into bitcoin, there always exists a risk that the investor could lose up to 100% of the investment, but if such investor is merely employing long trades, which would involve engaging in various forms of ongoing buying of bitcoin (accumulation) through DCA, lump sum investing and buying on dips, then the downside risk is losing 100% of the amount invested, and accordingly position sizes can be chosen to make sure to ONLY invest from the discretionary income and to employ other forms of responsible cashflow management such as creating back up funds that would fall in the categories of emergency funds, reserves and float.  Surely if leveraging and margin and other tools are brought into an investment mix, then we might start to consider those as trading and/or gambling techniques rather than investing, even though some folks might overlap in regards to how they label their activities and the amount of risks they are taking.

We can also quibble about the extent to which trading devolves into gambling and/or if there might be ways that trading could be responsibly executed in order to NOT fall into a gambling classification, and so yeah, any of us should be able to understand that there are degrees and extremes, so gambling, trading versus investing likely falls more on a spectrum rather than having exact dividing points that we could agree upon.

Many of us also should realize that historically bitcoin has been quite a great asymmetric bet to the upside, and there are no real reasons to consider that bitcoin's investment thesis has gotten weaker over the years rather than stronger, even if the the upside potential might not be as great as it was in the past, and also past performance does not guarantee future results... yet at the same time, anyone who studies bitcoin may well end up reasonably being hard pressed to figure pout some kind of a better place to be engaging in long-term investing, so in that sense, it seems to make less sense to trade and/or gamble with an asset such as bitcoin that is amongst the best if not the best of assets that any of us could actually work upon accumulating through various forms of buying it rather than considering that selling it or otherwise using financial instruments are improving your abilities to just accumulate bitcoin through regular spot buying methods.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 16, 2024, 09:17:37 PM
 #1218

Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.

If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.

I have come across series of your replies in this thread and some other threads and I can see your energy is more focused on trading than investing and instead of it to look as if you are going in contrary to the discussion and opinions of others in this thread, why not you channel this your trading energy to the trading discussion board because that is where you will gain more recognition instead of trying to create an impression about trading in a place where majority are kicking against it because most of the people that doesn't want to be associated with anything trading might have been victims to trading and applied the right techniques just like you are trying to say but at last they still ran into series of losses.
         I have been a victim to trading loss in the past but even though I wasn't an expert as you said but I was following up with someone who is so experienced about trading but within those periods I followed signals and all that, I lost real money because it wasn't as easy as it seems to be and it is even worst when someone teaches you trading using a demo account because it is just like setting a trap for you to lose when you try real trades. Someone like me who have witnessed such unfair situation do you think I would give a listening ear to anyone talking about trading again? Never
          I just see that people who are mostly talking about trading are just some petty traders that invest low amount of money such that if they lose, it won't affect them at all but for someone who have lost thousands of dollars, it will be a crime for anyone to tell them anything about trading. Even though there are people who still talks about how trading has helped them but you should know that trading doesn't favour majority of traders so it is better to invest on something that you will be at ease and your mind would be at rest, you are not pressured to invest and in time coming you find out you have grown a huge portfolio in it.
     Talking about the DCA, why won't an investment using a strategy that gives everyone the liberty to invest a certain amount at different intervals of time get into their head? With the DCA strategy everyone is included in the accumulation process.

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August 17, 2024, 01:35:54 PM
 #1219

Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.

If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.

I have come across series of your replies in this thread and some other threads and I can see your energy is more focused on trading than investing and instead of it to look as if you are going in contrary to the discussion and opinions of others in this thread, why not you channel this your trading energy to the trading discussion board because that is where you will gain more recognition instead of trying to create an impression about trading in a place where majority are kicking against it because most of the people that doesn't want to be associated with anything trading might have been victims to trading and applied the right techniques just like you are trying to say but at last they still ran into series of losses.
I thought I was the only one who noticed that. I wanted to reply one of his post but I decided to hold myself back so we don't shift the discussion to another direction.

He might be successful in trader to be this passionate about it, I don't actually have a problem with that because so long as money is made, it is fine. But despite that, I will not abandon what is working for me and start chasing promises because trading thrives on promises.

I think a good number of the participants here are building for long time and not looking for some quick profits. This is actually what I feel is best for us because those who think that way get richer with time, at least from what we have seen unlike those trading who are constantly exposed to risk that can return their capital to ruins from a bad trading decision or one of those funny market behaviors that reason cannot explain.

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August 17, 2024, 06:41:48 PM
 #1220

Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
People are comparing trading to gambling due to the high risk they both involve. A lot of people are losing money in trading just as they are also losing in gambling, and that is why they always compare them. Even gambling is not fully based on luck; if someone can analyze it well, there is always a better opportunity to win than for those who just want to fully rely on luck. Let's know that we have different types of trading; some types of trading are akin to gambling.
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I agree with you on this, gambling isn't just all about luck alone, but a combination of knowledge and experience for you to have a better wining rate.

And yes, trading is risky, but way more controlled than you would have control over gambling, Basically, those you would see complain about trading being as gambling are these categories of traders who might have in one way or the other had gambled before, and it didn't work out for them or maybe currently are into gambling but has come into the trading world with a gambling mindset, where you have them gambling the market and calling it trading, lol.


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