Buy Buy Buy or Sell Sell Sell?

[sotelorene]

Thinking on trading as the practice of holding only for days or up to few months before selling, makes the activity even more risky for those seeking for a reliable source of profit, at same time it becomes more similar to gambling activity. Regards short term investments in crypto industry, I fear it's not possible to name them as investments due to the unpredictability factor involved. Analysis don't work on short run here, therefore it's a better idea to focus the investments made in crypto aiming long term returns exclusively.

There is a difference between trading and investing. We can describe short term holding as trading but when we describe it as investing we mean long term holding. Trading and short-term profit are not the main objective for those trying to hold Bitcoin. Those who are trading for short-term profit are acting like a form of gambling. They can never be sure so they live in uncertainty like this for years. A Bitcoin holder may not be profitable in the short term but if he is able to hold for several years, he has the opportunity to profit more than a normal trader. While short-term investing carries risk, Bitcoin can provide an opportunity for long-term investment.

You're right, both of the things you mentioned certainly have a strategy in running and most people choose to hold Bitcoin in the long term to make a profit and I agree with you it will indeed be very difficult to make a profit on Bitcoin in the short term and it is not even uncommon for someone to be very disappointed when they cannot make a profit in the short term.
When choosing to hold Bitcoin in the long term, of course, it takes careful preparation to be able to look forward to profits because without having any preparation it will be difficult to carry out investments in the long term.

Now when it comes to bitcoin investment in other to make good profit one needs to hold for a long time because Bitcoin don't grow just like that it takes time for it to grow, those who has been holding Bitcoin for 10 years now can testify if you can't hold for a long term then you can't make huge profit is as simple as that, you need to be patient if you want to succeed in Bitcoin investment.
There are few things that one needs in other to succeed in Bitcoin investment which are.
1. Patience
2. Source of income
3. Backup funds
4. Good management skill
5. Consistency

You are right when you said "without having any preparation it will be difficult to carry out investments in the long term" you can't just start long term Bitcoin investment without preparing and having somethings on ground which are.

1. Source of income.
Without having a source of income one can't accumulate Bitcoin because you need money to be able to accumulate and keep your Bitcoin.
2. Good management skill.
You must know how to manage your salary very well if you don't know how to manage it well you will always find your self dipping hands into your Bitcoin investment.

All that you said are very much ok too me, except the good management skills that you listed down, to be honest bro, you don't need to have any good management skills to invest in Bitcoin, because am quite certain that as long as you have a reliable source of income and an emergency fund to fund your rainy days, then you are good to go, having good management skills are mostly for traders,   or if I may ask, what are you going to manage your holdings from? Are you going to be tempering with it? By trading it for minimal gains? Because am very much certain that good management skills or Money management skills are meant for traders, not investors like you and I.

So in my own opinion bro, I actually don't think it's necessary to have a good management skills to be able to hold successfully, and be a success in your Bitcoin investment journey, I actually don't know if anyone have a different view except you, but this is actually my own opinion though.

Now let me tell you the reason you need a good management skill, now as someone working and getting paid you need to manage your money very well in other to make good use of it, if you spend your money anyhow you will always find yourself dipping hands into your Bitcoin investment, a lot of people that has failed in there Bitcoin accumulation journey did so because they didn't manage there income very well, some people spends money on things that are unnecessary and at the end of the day they will not have discretionary income lift.
Even if you have a good source of income with an emergency fund if you don't manage those income very well it will finish, have you not seen people who has good job paying them very well monthly but they always borrow money before the end of the month and the reason for that is lack of management skill.
One can't say knowing how to manage money is not important when it comes to bitcoin investment, Bitcoin investment is were knowing how to manage money is very much needed because it helps secure your Bitcoin investment.

Knowing how to manage money do actually play a big role when it comes to investment and the other thing is knowing or understanding how a particular investment or project works, some people know how to manage their money very well but they don't understand how Bitcoin investment works that's why they sell or panic when there's a dip in the market so in as much knowing how to manage money is good one should also try to understand how Bitcoin works in order to maintain a good investment process.

[JayJuanGee]

Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%

You must be referring to the daily moving average (which is currently $63,915).. but I cannot see why you buy and short at the same place^**  ... Seems quite degenerate.  I imagine that you recognize that bitcoin has an ongoing upward price curve, and such price curve is quite exponential to the upside, so it surely seems that you are going to end up selling too much too soon and then get stuck without any bitcoin and/or waiting for the BTC price to correct back down, and the price may well not even correct back down to your anticipated buying point.. which frequently you are going to likely end up in dollars when you should be in bitcoin.. which is still profitable in dollars, yet pretty dumb in terms of the long term holding value of bitcoin (that has been compounding upon itself in quite great ways over the past 10-13 years..


**Edit: Whoops I saw you were saying 5% on each side of the 200 EMA..

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Actually I recently heard a podcast interview with Adam Simecka, and he recommended to try to get your situation so that you can live off of 50% of your income and then to buy bitcoin with the other 50% (presumptively at any price), and then he assessed that after 8 years you would be in a position to live off of your bitcoin.. which on the face seems somewhat reasonable and potential for guys who might be able to do some variation of that..p

[Ambatman]

Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%

Pity and sympathise with who would follow this.
Especially on our current volatility
Market would hit stop loss on both and start moving in a direction it likes.
That's the issue of this method, it may serve smart in book i.e opening two opposite trade and placing a stop loss at both, but it's not smart.
The market is heartless and smarter especially to traders.
I know people make money from trading and shit but anxiety and over thinking ain't good for my earth.

[As-Soon-As]

Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%

Pity and sympathise with who would follow this.
Especially on our current volatility
Market would hit stop loss on both and start moving in a direction it likes.
That's the issue of this method, it may serve smart in book i.e opening two opposite trade and placing a stop loss at both, but it's not smart.
The market is heartless and smarter especially to traders.
I know people make money from trading and shit but anxiety and over thinking ain't good for my earth.

Yes those who overthink are basically bound to lose money, those who invest in Bitcoin who want more benefits and earn more money are basically indulging in a different kind of thinking. And to implement this thinking they follow different steps so such people and investors face loss from both sides. But an investor can definitely succeed from here if he buys and holds Bitcoin. But the process of buying is to buy according to the DCA method, and buy regularly and be ready to hold it for a long time, then only Bitcoin will be able to hold for a long time. If we follow these strategies in sequence then the investment will definitely be successful.

[SuperBitMan]

Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%

Pity and sympathise with who would follow this.
Especially on our current volatility
Market would hit stop loss on both and start moving in a direction it likes.
That's the issue of this method, it may serve smart in book i.e opening two opposite trade and placing a stop loss at both, but it's not smart.
The market is heartless and smarter especially to traders.
I know people make money from trading and shit but anxiety and over thinking ain't good for my earth.

There is risk in every investment or business will do in this life, even in accumulating and holding Bitcoin for long term there's is still risk one can't say there's zero percent risk in long term Bitcoin investment, however there is low percentage of risk and high percentage of risk and when it comes to long term Bitcoin investment there's low percentage of risk and a high percentage of risk when it comes to shitcoins and trading.
So one needs to choose if he or she wants a low risk investment or high risk investment.
Now when you invest in a high risk investment you won't have peace of mind because you know you can lose your money at any time, I know of someone who dead as a result of investing his life savings on shitcoin because he lost his money, such investment can cause your high blood pressure to rise which may lead to death.
But in a low risk investment there's a little peace of mind, if you are into Long term Bitcoin investment you won't worry that much even when there's a dip in Bitcoin because you know no matter how long it takes it will rise so one is relax, however is true anything can happen but the point is there's low level of risk in it.

[Cryptoprincess101]

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Sure it is, except someone who already owns a huge portfolio and has gotten a large amount of profits can decide to sell part of their Bitcoin but for someone who is still in accumulating phase should never consider selling their hodling at any price point at all till they have acquired a large amount of it and HODL for long term investment growth. If an investor have gotten a huge portfolio they can decide to make technical analysis of their investment processes such as calculating the price point at which they acquired each fractions of Bitcoin and how much they have been able to acquire within that long interval of time and also do a check and balance of the money they invested with and the profits they have been able to get.

[$crypto$]

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Sure it is, except someone who already owns a huge portfolio and has gotten a large amount of profits can decide to sell part of their Bitcoin but for someone who is still in accumulating phase should never consider selling their hodling at any price point at all till they have acquired a large amount of it and HODL for long term investment growth. If an investor have gotten a huge portfolio they can decide to make technical analysis of their investment processes such as calculating the price point at which they acquired each fractions of Bitcoin and how much they have been able to acquire within that long interval of time and also do a check and balance of the money they invested with and the profits they have been able to get.

Sometimes there are still investors with large portfolios who do not sell at all, they prefer to HODL because they know the future of btc as such, so they continue to hold it.
Usually people with large portfolios already have spare fiat so they don't need to sell btc again for their needs.

An investor in the accumulation phase must continue to struggle with his challenges, because it is not easy to be consistent for the next 4-10 years, this requires patience, perseverance and financial stability that must be maintained, it's okay what is important to try something more valuable than nothing.

I am sure many people have successfully passed this even though it was difficult to accumulate bitcoins at first, now it has become a habit that DCA is more important as we save for the future in bitcoin.

[bitcoin_mining]

There are many investors who suggest that you focus only on buying. Everyone may have said this from his own experience because the more we increase our investment the more likely we are to earn a profit from that investment. It is not the case that a person can profit only by investing. 

After investing money can be lost and money can be increased but this risk of money has to be taken by investors if investors want to gain profit in future. It may be difficult to hold the investment for a long time and maintain the consistency of the investment but the road to success is not easy it is always difficult so everyone has to accept it.

[Salahmu]

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Sure it is, except someone who already owns a huge portfolio and has gotten a large amount of profits can decide to sell part of their Bitcoin

Even if you own a huge portfolio of Bitcoin doesn't mean you should sell some parts of your Bitcoin because you saw some good profit on it, actually before going into investment there should be a stage or amount were you should draw a line to meet up so that no matter the amount of Bitcoin you have accumulated you will not consider yourself to be sufficient since your goal has not been met even if you are seeing a lot of profits already from the ones you accumulated, actually this kind of goal will certainly be of help to an investor so that you will not regard the little amount of Bitcoin you have accumulated to be huge amount of Bitcoin whereas you will be having a thought of selling some parts because this has been the mindset most people normally have towards there Bitcoin.

this reminds me of someone I met, from discussion we started talking about our Bitcoin investment which he told me he had already accumulated Bitcoin worth $20k that he is planning to sell some parts since he has gotten a huge portfolio, so I told him his portfolio is still very small to be talking about selling now, so instead I told him he should give himself a target to acquire a certain number of Bitcoin so that his mindset of selling now will completely change, so actually nobody is against anybody on what they intend for there investment but the  only advice is that don't sell because you see yourself as someone who has some quantity of Bitcoin but if you must sell, accumulate to have a sufficient quantity of Bitcoin before given a thought on that direction.

[Shadiq]

There are many investors who suggest that you focus only on buying. Everyone may have said this from his own experience because the more we increase our investment the more likely we are to earn a profit from that investment. It is not the case that a person can profit only by investing. 

After investing money can be lost and money can be increased but this risk of money has to be taken by investors if investors want to gain profit in future. It may be difficult to hold the investment for a long time and maintain the consistency of the investment but the road to success is not easy it is always difficult so everyone has to accept it.

Success never comes easily. Success requires proper planning and hard work according to plan. If success is achieved after hard work as per the plan, many people say it was very easy, but you know how much you have to work hard for success. Success is easy to look at but hard to actually achieve.

There is no guarantee that a person will succeed in investing and no one will give it to you. A prerequisite for successful investing is that you need to be long-term. But here is all your trouble. Longing the investment becomes a bit difficult for every investor. However, experienced investors can easily handle such difficult times with their experience. They keep a reserve fund in case of need to avoid undesired sale of the investment. This is part of future plans to prolong the investment. Because in case the money is needed in the future due to unforeseen accidents and the investment is not broken then it needs a reserve fund from where it gets the money. More methods are adopted to make the investment successful.

[Frankolala]

There are many investors who suggest that you focus only on buying. Everyone may have said this from his own experience because the more we increase our investment the more likely we are to earn a profit from that investment. It is not the case that a person can profit only by investing. 

After investing money can be lost and money can be increased but this risk of money has to be taken by investors if investors want to gain profit in future. It may be difficult to hold the investment for a long time and maintain the consistency of the investment but the road to success is not easy it is always difficult so everyone has to accept it.

If you plan out things properly and have a long-term bitcoin investment journey mindset and see bitcoin as a place to throw some value into for the future, you will be more successful in your bitcoin journey since you are only buying and buying without selling and as long as bitcoin price does not go against you.

This is the reason why a new investor must invest with part of his discretionary income that he can do without for a very long time in order for him to be consistent with buying bitcoin every week and build his bitcoin investment gradually overtime till he reaches his bitcoin target.

Emergency funds is very important in order for you to become successful in yoir bitcoin investment because it serves as a back up funds to your bitcoin investment. This will enable you to be able to take care of some unforeseen challenges when a real emergency arises.

It is when you did not use the right amount of your discretionary income by over agreesively investing or you don't have an emergency funds available that your bitcoin investment will not survive when an emergency arises due to lack of proper planning and financial management.

[I_Anime]

There are many investors who suggest that you focus only on buying. Everyone may have said this from his own experience because the more we increase our investment the more likely we are to earn a profit from that investment. It is not the case that a person can profit only by investing.  

After investing money can be lost and money can be increased but this risk of money has to be taken by investors if investors want to gain profit in future. It may be difficult to hold the investment for a long time and maintain the consistency of the investment but the road to success is not easy it is always difficult so everyone has to accept it.

Every one have when comes to bitcoin investment. and is true that there`s no guarantees when it comes investment so we can actually if bitcoin will continue to surge in the future, so as an investor be ready for anything but on thing you should know for is the bitcoin is a coin with massive potential , so we shouldn't compare it to other coins that have no purpose (pump and dump) .

 But i won`t hide the fact that they are goin to be alot of up and down trend or movement in the market during the journey . But i won`t call that lost it is only loss when one sell their holding too early or when there`s dip in market, But if one continue to hold despite the market condition the chances of that individual selling loss is low.

[milewilda]

There are many investors who suggest that you focus only on buying. Everyone may have said this from his own experience because the more we increase our investment the more likely we are to earn a profit from that investment. It is not the case that a person can profit only by investing.  

After investing money can be lost and money can be increased but this risk of money has to be taken by investors if investors want to gain profit in future. It may be difficult to hold the investment for a long time and maintain the consistency of the investment but the road to success is not easy it is always difficult so everyone has to accept it.

Every one have when comes to bitcoin investment. and is true that there`s no guarantees when it comes investment so we can actually if bitcoin will continue to surge in the future, so as an investor be ready for anything but on thing you should know for is the bitcoin is a coin with massive potential , so we shouldn't compare it to other coins that have no purpose (pump and dump) .

 But i won`t hide the fact that they are goin to be alot of up and down trend or movement in the market during the journey . But i won`t call that lost it is only loss when one sell their holding too early or when there`s dip in market, But if one continue to hold despite the market condition the chances of that individual selling loss is low.

On the moment that you do consider out on making some investment on which it doesnt matter whether on cryptocurrency or in traditional investment known then it will really be that recommended
that you should really know on the risks involved on which it is really that something very important because you do know on how to manage yourself when it comes to risks.
Buy when you do have the opportunity and Sell out when you do have the chance or it did hit up your target on which this is really that recommended. If you do go for long term then
hold up your position and buy up and accumulate as much as you could on the moment that the market will really be making up some dips or correction.

It will really be just that depending into your own discretion on how you would be handling yourself and make out steps in regarding into your investment.
Buy or Sell? It will really be just that depending on how you would be able to assess out and its impossible that you cant be able to distinguish on what are the right
things that you should gonna do.

[Dailyscript]

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Sure it is, except someone who already owns a huge portfolio and has gotten a large amount of profits can decide to sell part of their Bitcoin but for someone who is still in accumulating phase should never consider selling their hodling at any price point at all till they have acquired a large amount of it and HODL for long term investment growth. If an investor have gotten a huge portfolio they can decide to make technical analysis of their investment processes such as calculating the price point at which they acquired each fractions of Bitcoin and how much they have been able to acquire within that long interval of time and also do a check and balance of the money they invested with and the profits they have been able to get.

To me that's a bad advice you gave so. When you sell your Bitcoins when the time for substantial withdrawal has not been reached or there aren't any genuine reasons that are so important then selling is wrong even if you have a large portfolio or small one. For those who sell their Bitcoin because they have made some profits from it and then change it into fiat just to hold it in their local bank account that is the dumbest thing to do. It's different when an investor has urgent bills, like tuition fees, sending his children to higher education, fixing the roof of the house if it gets bad and so many others the withdrawal will be reasonable enough to understand.

However, it is not in our hands to decide if an investor should sell or not. Every investor has the right to make decisions in his investment but is indebted to make the right choice. I do dispute the fact that people have different financial situations and incentives to buying Bitcoin and holding. There will always be consequences of our actions whether positive or negative we are not immune to them. One way or another we will speak about the decision we made. To sell or never sell yet.

[JayJuanGee]

[edited out]

But i won`t hide the fact that they are goin to be alot of up and down trend or movement in the market during the journey . But i won`t call that lost it is only loss when one sell their holding too early or when there`s dip in market, But if one continue to hold despite the market condition the chances of that individual selling loss is low.

It seems to me that any long term BTC investor is going to set himself up in such a way that he continues to buy almost no matter what, even if there is a dip, and one of the ONLY reasons to stop buying would be based on his own circumstances of losing income and/or increases in expenses that are so high that his reserve funds will not even permit him to continue to buy.

Another reason to potentially stop buying would be that the guy had already reached sufficiently high enough or perhaps over accumulated in terms of his BTC stash size.

One of the great things about persistent, consistent and ongoing buying of BTC is that it reinforces a guys conviction about his investment and puts him in preferable long-term-committed mindset, especially during BTC price dips.

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Sure it is, except someone who already owns a huge portfolio and has gotten a large amount of profits can decide to sell part of their Bitcoin but for someone who is still in accumulating phase should never consider selling their hodling at any price point at all till they have acquired a large amount of it and HODL for long term investment growth. If an investor have gotten a huge portfolio they can decide to make technical analysis of their investment processes such as calculating the price point at which they acquired each fractions of Bitcoin and how much they have been able to acquire within that long interval of time and also do a check and balance of the money they invested with and the profits they have been able to get.

To me that's a bad advice you gave so. When you sell your Bitcoins when the time for substantial withdrawal has not been reached or there aren't any genuine reasons that are so important then selling is wrong even if you have a large portfolio or small one.

I think that you have the right idea Dailyscript - however I think that you used the wrong word, since it seems to me that many of the longer term bitcoiners are not going to end up spending years and years and years accumulating bitcoin in order to end up selling large quantities of their BTC at any given time.  I think that long term investors will likely figure out way to make sustainable withdrawals rather than substantial withdrawals, since eve if a long term investor might choose to withdraw 25% of his bitcoin holdings, it still might be after he is several times in profits, maybe even 10x, 20x or larger levels of profits... and frequently many of us are likely going to find that we are not going to be going to be inclined to even want to withdraw those kinds of levels of our BTC at any given time, even though surely it is difficult to talk on behalf of all long term holders, and sometimes, even long term holders will mistakenly end up selling too much of their coin too soon... yet usually we can avoid selling too much of our coin too soon if we employ more measured forms of sustainable withdrawal.. whether they might be price based and/or they might end up being time-based sustainable withdrawal techniques.

For those who sell their Bitcoin because they have made some profits from it and then change it into fiat just to hold it in their local bank account that is the dumbest thing to do. It's different when an investor has urgent bills, like tuition fees, sending his children to higher education, fixing the roof of the house if it gets bad and so many others the withdrawal will be reasonable enough to understand.

It seems to me that even with those kinds of expenses (as you listed above), a longer term BTC holder could reasonably transition into some kind of a sustainable withdrawal practice rather than selling large portions of his BTC stash at any given time.

However, it is not in our hands to decide if an investor should sell or not. Every investor has the right to make decisions in his investment but is indebted to make the right choice.

Yep.  Each of us has to live with the consequences of our decisions regarding how to manage our BTC holdings, even if we might have come to the conclusion that we have transitioned out of our BTC accumulation stage and that we might be in more of a maintenance stage or even in a kind of liquidation stage, and if we transition too far and too fast into selling too many of our accumulated BTC too soon, we might end up losing a lot of opportunities (and options) that we had spend years, and years and years building up.

I do dispute the fact that people have different financial situations and incentives to buying Bitcoin and holding. There will always be consequences of our actions whether positive or negative we are not immune to them. One way or another we will speak about the decision we made. To sell or never sell yet.

Well there can be extremes, so sometimes we can decide to do somethings, such as deciding to discontinue accumulating bitcoin, or to choose to diversify our value into other investments or to sell some or large portions of our bitcoin holdings, and surely if we are paying attention to what we are doing, then it still could be probable that many of us will make a lot of mistakes in our journey and in our cash (and BTC)management practices, yet if we attempt to be moderate with our actions, then it will become less likely that our mistakes will take us out of the game, even if we might have had been in a better position if we had not made the mistakes.  There is no exact perfect way of managing your BTC holdings and/or your cashflow, and there are a lot of individual variables that have to be balanced by each of us.. and we cannot necessarily follow what some other person might do, especially if we may well be trying to tailor our actions to our own personal financial and psychological variables.. .which frequently can still include imperfect information.

[asrinur]

Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.

[Zackz5000]

Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.

That is a wrong approach waiting for Bitcoin to dip before accumulating is a misleading information and inexperience.

So what you mean now is that if Bitcoin price did not dip an investor shouldn't accumulate Bitcoin right? that is wrong for as you keep on waiting for the dip to come the more you are missing the opportunity of accumulating more Bitcoin, the dip should only be an opportunity for any investor to accumulate more Bitcoin, the reason why the DCA strategy is there is also to help an investor accumulate more Bitcoin either weekly or monthly irrespective of the price and continue to hodl for long periods of time. So advising people to wait for Bitcoin dip before accumulating Bitcoin is wrong.

As long as an investor mindset is to accumulate Bitcoin and HODL for long using either DCA strategy there is absolutely no need timing and waiting for Bitcoin to dip before accumulating.

[Dailyscript]

Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.

Your first statement is wrong. I believe that an experienced person understands that the best time to buy Bitcoin is now whether the price is going up or coming down. It is influenced by the goals, risk tolerance, financial level, and strategy of the investor. For an investor to buy Bitcoin when the price is going up doesn't make him an inexperienced person. He might be buying using DCA and dont care about the price as long as he is holding it for a longer period. You see a lot of people buying now at 63k to 64k in the market. They are buying now because they do not want to buy at 100k or above.

At the end of the day, it is our choice to choose how and when to accumulate. If you choose to not buy Bitcoin when the price is rising then you're either waiting for a dip or a comfortable price at the bottom which may be uncertain. There are disadvantages in timing and waiting for a dip to buy Bitcoin if you are a beginner or one who is still in the accumulation stage. You may never get to witness the dip and have you wondered what if the price keeps going up, will you continue to wait?

In all the years of my being into Bitcoin investment, I have come to realize that I don't accumulate because the price goes up and it dont accumulate because the price is going down either. But because of my optimism for a long-term price. I dont care what it's worth now, as long as I can afford it I DCA consistently and stack up, what I do care about is in the next 10 years I will benefit from all the efforts I put in now. Soon companies will enter more into the market, news will spread and there will be more approved ETFs. If buying without considering the price of Bitcoin is the price am to pay for a better future then I will.

[avp2306]

Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.

For trading perspective provably yes. But we are not talking about that here. People engaging in long term investment is discouraging any discussion about that since the risk to lose is so high.

Instead of keep looking forward about the dips much more better for you or other people to spend some time to learn about holding since for this you will not worried about your entry price since any figures either bitcoin is pumping or dumping is good price to accumulate. Fuds and FOMO's will never affect your feeling if you choose bitcoin for long term and use DCA for building up your protfolio.

Check the benefits for using DCA since for sure that you will notice or figure out that you are engaging with low risk investment with bitcoin.

[Salahmu]

Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.

Are you in anyway trying to say that those who buys Bitcoin at any given price are not experienced people in Bitcoin?, if you are using DCA you shouldn't be worried about buying Bitcoin when the price is rising because if you cannot buy at any price means that you are not DCAing and secondly people that invest using DCA does not have the fear of missing out opportunities because they are always on there points of accumulation, so actually somebody who is very consistent will not be thinking about whether they are not accumulating the right amount of Bitcoin they should have been.

So those that normally have FOMO are those who have another objective of Bitcoin because already I can see that your motive on Bitcoin is not for long term holding because your investment advice is directly for quick profits making and I can tell you that the emotional management you are talking about will even get more worster if you choose to go for short term investment.

Another reason to potentially stop buying would be that the guy had already reached sufficiently high enough or perhaps over accumulated in terms of his BTC stash size.

One of the great things about persistent, consistent and ongoing buying of BTC is that it reinforces a guys conviction about his investment and puts him in preferable long-term-committed mindset, especially during BTC price dips.

I totally agree with you on this because you have just explained the point I was making on my previous post that is only when someone have more than what they have ever imagine to accumulate on Bitcoin will they be able to say that they want to stop accumulating. Secondly what you said is true about persistent because is through persistent accumulation someone will be able to develop the conviction of having another view and orientation about there Bitcoin investment because anybody who doesn't take there Bitcoin investment serious tend to have low conviction towards it.