Buy Buy Buy or Sell Sell Sell?

[bitzizzix]

You seem to be contradicting yourself Promocodeudo, especially since you are proclaiming that DCA is the best of strategies for newbies, yet at the same time you are saying that there is a need to have money available for buying BTC on dips and also to be able to lump sum buy on dips.

If a bitcoin newbie is actually employing active and aggressive DCA, then he is not going to have any money left for buying on dips, and especially he is not going to have lump sum amounts available that he would be saving for buying on dips.

Sure there are ways to combine the strategies, and even newbies could choose to hold back some value for buying on dips, and anyone could receive a lump sum amount of money at any time, and they could be fortunate that the lump sum amount comes during a dip period, yet even with the dip period, we cannot necessarily know if the dip is done or if there might be more dip coming.

@JayJuanGee thanks for clarifying me on this, I now understand that lump sum amount can be received at anytime not necessarily during the dip though the investor can be lucky to receive a lump sum amount during the dip, I stand to be corrected, I forgot that once an investor is using DCA method aggressively to accumulate Bitcoin, he or she will be left with no spare amount of money to buy during the dips since the method permit us to buy anytime including the dips and there won't be means to save up a lump sum amount to buy during the dips too unless the lump sum amount was dashed from friends,family unexpectedly or from business which may not also be during the dips.

Yea that true, no one can ascertain if the dips is done or not as you said and thats more reason why people shouldn't wait further delay their journey in Bitcoin investment, the statement I made earlier was as result of not knowing that that there is no need for a newbie or anyone applying DCA method aggressively to think of buying the dips since DCA method allow us to buy continuously steadily and slowly including during the dips and when the price soars.

Yes, actually buying at once when the Bitcoin price drops is actually not a bad thing as long as it is intended for the long term. However, it would be better if you do the DCA method by continuing to make purchases gradually because this allows something much better if the Bitcoin price continues to fall because in the end the price will go back up and you will still have reserve funds to keep buying it which can produce better and bigger profits in the long term. And this DCA method is very good for beginners and all the advice given by @JayJuanGee is indeed good and I always read and evaluate his comments and all of them make sense and are also true for the good of everyone especially beginners.

[JayJuanGee]

Dude you are sounding like trading is a crime which is very wrong and again the way you are emphasizing on it can make someone who's into trading look stupid.

It hasn't been said that trading is a crime, I think you are just the person making that up. I think that the message he was trying to pass across to you is that a valuable asset like bitcoin shouldn't be subjected to gambling in the name of trading. It should be something that if you manage to accumulate it, you should hold it for a long time.

after all I have seen someone who's trading and at same time doing investment and trust me everything is going smoothly for him and I keep asking myself how is that possible and then realized that everything is about mindset and having the ability to make it work. not that he doesn't make loss off cause he do make loss.

Someone who is an addicted trader can hardly keep his or her bitcoin for long term. Because the moment he sees a little profit from the one he said he is holding for long, that trading mindset of quick profit will set in and make him sell it off, with the hope of replacing it later. As a trader you will find it difficult hold bitcoin for long the way a long term investor will hold it. There is no in-between it's either you are a trader or an investor. So let's stop deceiving ourselves. When we say long term we ain't just talking about one or two years here, we are looking at somewhere between 10 -20 years and above. Someone who already has the trading blood in him will struggle to hold bitcoin that long. No matter how you try to refine it, a trader is a trader.

Exactly... long term and investing is likely 10-20 years or more, yet frequently we refer to 4-10 years and above in order to include the possibility and consideration that there might be some people who might have shorter time-frames due to their age or their health or perhaps some other kind of life event that might cause them to have to sell in a shorter timeline.. So young people who are saving up bitcoin in order to take short-to-medium profits, are not thinking long term, and sure there are likely some intermediary ways to consider your bitcoin holdings, such as wanting to buy a house in 6 years or some kind of consumption good like that - even though many of us have probably realized that it is not good to sell all of your bitcoin, even if you might end up cashing out large portions of it based on some personal living goals..

There are other folks who are coming into bitcoin and wanting to play a 1-3 year timeline in order to play the wave, and surely some of them might come in with an already known need to get the money back within their 1-3 year timeline (and that might be considered more of an attempt at a trade), and yet there may be others who have enough flexibility in that if they do not see a certain level of dollar profits within their expected timeline (or even if they are in the negative), they are not going to sell, and they are going to extent their timeline in order to at least make sure that they are at a certain level of profits in dollars prior to selling, so those can all be acceptable practices to have some dollar based targets, even though they might not be as lucrative in the long run to take advantage of compounding value potential of bitcoin, and so surely some folks might regret cashing out so much BTC early, and others will have had been glad to enjoy their dollar profits even if the dollar profits might end up being way smaller that what would have had been available upon having a wee bit more patience and exercising a wee bit longer timeline for their BTC investment.

There are surely trade offs for differing strategies, and surely some folks might come into bitcoin and then decide to just increase their timeline, yet a more common mistake is that a lot of folks get too impatient to sell too much too soon, and then they come to realize later that they really did not need to sell so much BTC so soon instead they could have had waited it out, but they could not resist consuming and enjoying their profits earlier, even though could have had way more profits at a later date and even been in a much better financial and psychological position. 

For example, think about many of the guys who might have had bought BTC between late 2013 and early 2017, and even if they did not buy BTC at the exact bottom and the spread their buys out, they could have had  average BTC costs of anywhere between $250 and $1.2k, and maybe if they had invested anywhere between $12k and $30k, they could have had anywhere between 10 BTC and 100BTC, depending on the timing of their various purchases.  So sure they might have been able to sell various BTC towards the top of the 2017 BTC price run up to $19k per BTC, yet if they sold a bunch of their BTC or even close to all of it, they would have never been able to get buy back those BTC at the same prices that they had previously bought them, and so surely the more BTC that they had, then the more cushion that they would have had to work with, but they still might have had ended up regretting if they sold too much too soon, even if maybe they might have stopped accumulating or engaged in other maintenance of their stash practices..

One of the better practices would have had been to continue to build for the ones with the lower level of BTC, and for the ones with the higher level of BTC to be careful regarding how much of it to be selling, even if they might have felt that they had largely accumulated enough BTC.

You seem to be contradicting yourself Promocodeudo, especially since you are proclaiming that DCA is the best of strategies for newbies, yet at the same time you are saying that there is a need to have money available for buying BTC on dips and also to be able to lump sum buy on dips.

If a bitcoin newbie is actually employing active and aggressive DCA, then he is not going to have any money left for buying on dips, and especially he is not going to have lump sum amounts available that he would be saving for buying on dips.

Sure there are ways to combine the strategies, and even newbies could choose to hold back some value for buying on dips, and anyone could receive a lump sum amount of money at any time, and they could be fortunate that the lump sum amount comes during a dip period, yet even with the dip period, we cannot necessarily know if the dip is done or if there might be more dip coming.

@JayJuanGee thanks for clarifying me on this, I now understand that lump sum amount can be received at anytime not necessarily during the dip though the investor can be lucky to receive a lump sum amount during the dip, I stand to be corrected, I forgot that once an investor is using DCA method aggressively to accumulate Bitcoin, he or she will be left with no spare amount of money to buy during the dips since the method permit us to buy anytime including the dips and there won't be means to save up a lump sum amount to buy during the dips too unless the lump sum amount was dashed from friends,family unexpectedly or from business which may not also be during the dips.

Yea that true, no one can ascertain if the dips is done or not as you said and thats more reason why people shouldn't wait further delay their journey in Bitcoin investment, the statement I made earlier was as result of not knowing that that there is no need for a newbie or anyone applying DCA method aggressively to think of buying the dips since DCA method allow us to buy continuously steadily and slowly including during the dips and when the price soars.

Yes, actually buying at once when the Bitcoin price drops is actually not a bad thing as long as it is intended for the long term. However, it would be better if you do the DCA method by continuing to make purchases gradually because this allows something much better if the Bitcoin price continues to fall because in the end the price will go back up and you will still have reserve funds to keep buying it which can produce better and bigger profits in the long term. And this DCA method is very good for beginners and all the advice given by @JayJuanGee is indeed good and I always read and evaluate his comments and all of them make sense and are also true for the good of everyone especially beginners.

Many of us do not employ DCA for the purpose of believing that the BTC price will drop, but instead as a decently good form to manage cashflow and also to potentially redistribute (or reallocate) from one asset to put a higher percentage of value into another (in this case bitcoin) without having to sell much or even any of the other asset. 

Also, DCA is not the same as buying on the dip, so we are not employing DCA in order to buy on the dip, and if we are striving to buy on the dip, then we might have other money that is set aside for those kinds of buying on the dip purposes.

For the very beginner, it might not make a lot of sense to hold any money back for buying on the dip, and even they could already have a plan that they are going to invest a certain amount of value on a weekly basis for a certain period of time, which could be even attempts at front loading their investment, or they might want to hold back some aggressiveness since they are wanting to continue to study bitcoin before they start to become more aggressive in their investment into bitcoin.

I tend to believe that anyone who might choose to lump sum invest into bitcoin in the very beginning, then it may well be a good idea to hold back some of their lump sum amount for either DCA and/or buying on the dip, just in case there might be a dip, yet the reason that they would be holding back some value is based on their already having had invested part of the lump sum right away.. so then their own calculation still has to deal with how much to buy right away versus how much to save for buying on dips versus DCA.. and they also would have to decide on how much of a dip they would need to employ other parts of their already existing capital and how long to spread out their DCA, whether it is spreading it out over just a few weeks or maybe over several months... there are trade-offs with placing money into any of the BTC buying methods, and as long as they appreciate the trade-offs, they should be able to figure out how they want to allocate the lump sum of value that they have to start out with with a realization that no matter what they do it is not necessarily going to be perfect, so they are just finding a comfortable balance in terms of how to both get in with their initial sums and then to perhaps also have some strategies going forward that could include both DCA and buying on the dip practices.

[Salahmu]

When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.

The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.

You have just explained that so many people lost so much on trading to the extent that they could not recover and at the same time you are still talking about how great trading is if someone should learn it, so perhaps if I may ask are you saying that those you had explained that lost so much they could not recover has not undergone such learning?, actually this to show you that there is no future in trading because even if you acquire all the knowledge you want the risk is still there.

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

[JayJuanGee]

When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.

The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.

You have just explained that so many people lost so much on trading to the extent that they could not recover and at the same time you are still talking about how great trading is if someone should learn it, so perhaps if I may ask are you saying that those you had explained that lost so much they could not recover has not undergone such learning?, actually this to show you that there is no future in trading because even if you acquire all the knowledge you want the risk is still there.

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

There are a lot of variations of losing in trading, and it surely is true that a person may stack and build more bitcoin from his existing BTC stash without having to invest more money, and sometimes he might have 5-10 trades with profits every single time, yet like you mentioned Salahmu one loss could end up wiping out all of the previous profits, and/or even if all of the profits are not completely wiped out, the amount of the gain might still be so small that it is difficult to know whether spending all of that time trading had actually contributed towards an improved situation.  

Another thing with bitcoin is that there are so many times, that the BTC price unexpectedly moves to the upside without any major corrections, and some smart trader might sell in what he believes to be small batches on the way up, yet the BTC price keeps going up and still does not correct, and pretty soon he is left with all fiat and no bitcoin, and so then he doubles down by not buying back the bitcoin that he sold because he is still waiting for the BTC price to go down and he becomes a bitter no  coiner who sold all of his coins as some way lower price than the current price.. and sure, he would have had been way better off to just continue to buy BTC until he has enough BTC, which could take 4-10 years or longer to build a decently sized BTC stash, but he stays focused on buying and he is continuously building rather than spending time waiting for dips that may or may not end up coming.

[Callido]

When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.

The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

So bad, you can't just stop everyone to believing in trading but any member as part of this forum should have learnt all that is needed and why to divert into investing and holding Bitcoin than trading. I see lots of traders who will fund their accounts with some thousands of dollars and within a week they eventually get their account blown to zero success, sometimes they make profits but concerns should be if they have to redirect all what they lost while trading then by a few years of holding must have gotten a good amount of Bitcoin in their portfolio.

The major problem is that, most of this beginners traders are all believing what they see from the internet (mentors) and would likely put every of their funds just to make enough and call it a success but instead they go to nothing because of the stipulated risk involved in trading.

[Promocodeudo]

Yes I noticed that. When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.

The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.

It would have been better for people use  the strength the apply in leaning trading to invest directly in Bitcoin investment that does not require such energy and stress, how will give my time to learn all you just mentioned and still lose at the end of it all, what's will be the need for doing that in the first place when it is not assured and losing tendency is very high, so is it not better we stick to Bitcoin investment thats for long-term and keep investing with DCA method that allows us to buy at ease the little we can continuously, slowly and steadily and continue to hodl for a long-term than to continue wallowing in a highly risky and deceitful short-term settings thats more beneficial to the trading platform owners than the main risk takers.

I don't agree that trading sounds great, though I have said this earlier and I will repeat it again, trading is like when someone is  gambling and it is very addictive in nature like gambling too that's why it isn't advisable for individuals to even think of giving it attention in the first place, here we go again, when you say market predictions, I see that as a funny and unrealistic statement because the market is in such a way that no one can predict its next move, so how is it possible to predict the market as you said when volatility is involved?
You said trading is difficult but if someone learn it very well there won't be any stubling block, my dear all the trading mindset is a waste of time for me, though individuals with there decision which I can't question because it's a matter of choice and what we want but if I may ask will someone prefer losing funds than accumulating it little by little overtime so that even though Bitcoin depreciate as a result of temporal dips or full dips your holdings drops and appreciates again once the market regains or when there is price upsurge rather than involving in something that you may lose totally, I think addiction and inevitable loss has been the reason why @JayJuanGee don't support trading he is right for always taking such stands and maintaining  it at all time so for me I dont believe in trading which a short-term kind of stuff and quick money mindset that's capable of making investors to stop half way.

[Moreno233]

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

So bad, you can't just stop everyone to believing in trading but any member as part of this forum should have learnt all that is needed and why to divert into investing and holding Bitcoin than trading. I see lots of traders who will fund their accounts with some thousands of dollars and within a week they eventually get their account blown to zero success, sometimes they make profits but concerns should be if they have to redirect all what they lost while trading then by a few years of holding must have gotten a good amount of Bitcoin in their portfolio.

The major problem is that, most of this beginners traders are all believing what they see from the internet (mentors) and would likely put every of their funds just to make enough and call it a success but instead they go to nothing because of the stipulated risk involved in trading.

A lot of people I know that started from trading instead of investing in Bitcoin are out of the system now due to their terrible experience. Although some were able to transition from trading to holding when they realized that holding is the best approach to Bitcoin for their level of experience and knowledge. Some also have seen that they would have made more if they had just left their coins in their wallet and not sell them, hence resolve to only buy and hold and not worry about buying low to sell high which is what trading is all about.

Rather than concentrating on trading, it will be better for newbies to start up with investing and holding Bitcoin and those who would want to pursue a career in trading can build their skills and knowledge using paper trading until they have had a hang of it then they start with small capital. But investing is an ongoing process that should continue even when they are trading but discipline have to be applied so that money does not move from the investment into the trading. They can be planned and executed differently for greater efficiency.

[Barikui1]

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

So bad, you can't just stop everyone to believing in trading but any member as part of this forum should have learnt all that is needed and why to divert into investing and holding Bitcoin than trading. I see lots of traders who will fund their accounts with some thousands of dollars and within a week they eventually get their account blown to zero success, sometimes they make profits but concerns should be if they have to redirect all what they lost while trading then by a few years of holding must have gotten a good amount of Bitcoin in their portfolio.

The major problem is that, most of this beginners traders are all believing what they see from the internet (mentors) and would likely put every of their funds just to make enough and call it a success but instead they go to nothing because of the stipulated risk involved in trading.

A lot of people I know that started from trading instead of investing in Bitcoin are out of the system now due to their terrible experience. Although some were able to transition from trading to holding when they realized that holding is the best approach to Bitcoin for their level of experience and knowledge. Some also have seen that they would have made more if they had just left their coins in their wallet and not sell them, hence resolve to only buy and hold and not worry about buying low to sell high which is what trading is all about.

Rather than concentrating on trading, it will be better for newbies to start up with investing and holding Bitcoin and those who would want to pursue a career in trading can build their skills and knowledge using paper trading until they have had a hang of it then they start with small capital. But investing is an ongoing process that should continue even when they are trading but discipline have to be applied so that money does not move from the investment into the trading. They can be planned and executed differently for greater efficiency.

You are actually right here, most people didn't get the right information on time, some people venture into trading without knowing the risk attached to it and all it entails, and when they get burnt, they will start looking for who to blame.

Am saying so because I have been there before, in my early days, I started with trading, I buy and hold, then sell anytime their is a price appreciation, at then I thought I have gotten the right formula, but is still feels like am not getting what I really wanted, because selling at every price increments is not giving me the the kind of money I wish for, and in the process i started  trading futures, and that was where I got burnt completely, though I stop it after I have incurred a significant losses.

 So everything changed when a friend of mine gave me the idea of buying Bitcoin and holding, that was when things changed for good, and when I saw the financial stability and how peaceful it is, I see no need to even try trading again and selling for minimal gains, because right now I am already in a significant gains, because I bought Bitcoin when the price was 22k to 30k, so what's the need selling now for minimal gains when I know that with the potential of Bitcoin, it can do 10x to 20x in like 10 to 20 years time from now, so in essence of what am trying to say is that anyone that have seen or taste how peaceful and easy buying and holding of Bitcoin is, if you have the right knowledge, you will definitely wouldn't even think of trading again, because it's actually self destruct if you know how dangerous it is and still went ahead with it without having any knowledge of technical and fundamental analysis.

[SuperBitMan]

When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.

The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.

You have just explained that so many people lost so much on trading to the extent that they could not recover and at the same time you are still talking about how great trading is if someone should learn it, so perhaps if I may ask are you saying that those you had explained that lost so much they could not recover has not undergone such learning?, actually this to show you that there is no future in trading because even if you acquire all the knowledge you want the risk is still there.

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

There are a lot of variations of losing in trading, and it surely is true that a person may stack and build more bitcoin from his existing BTC stash without having to invest more money, and sometimes he might have 5-10 trades with profits every single time, yet like you mentioned Salahmu one loss could end up wiping out all of the previous profits, and/or even if all of the profits are not completely wiped out, the amount of the gain might still be so small that it is difficult to know whether spending all of that time trading had actually contributed towards an improved situation.  

Another thing with bitcoin is that there are so many times, that the BTC price unexpectedly moves to the upside without any major corrections, and some smart trader might sell in what he believes to be small batches on the way up, yet the BTC price keeps going up and still does not correct, and pretty soon he is left with all fiat and no bitcoin, and so then he doubles down by not buying back the bitcoin that he sold because he is still waiting for the BTC price to go down and he becomes a bitter no  coiner who sold all of his coins as some way lower price than the current price.. and sure, he would have had been way better off to just continue to buy BTC until he has enough BTC, which could take 4-10 years or longer to build a decently sized BTC stash, but he stays focused on buying and he is continuously building rather than spending time waiting for dips that may or may not end up coming.

I know someone who has been into trading for years now even before I started Bitcoin investment sometimes he will tell me he has made huge amount and months later he will tell me again he has lost very huge amount of money and I asked him one day if his really making gain or his just gaining and losing everything again.
Just the way gambling is when you win if you are not careful you will lose more than you have won, for example if you win $100 this week and you play with $30 four times and lose you have lost the money you won and has lost $20 from your personal money, some traders just go in this circle and some won't even notice they are the once losing unless they do a little calculation.

There's one common language traders always have which is " they would have made millions if not that they sold there Bitcoin early than expected" they always feel that regret of not holding longer this is a sign that involving one's self in long term Bitcoin investment will be more better and profitable than trading.

[bitcoin_mining]

You seem to be contradicting yourself Promocodeudo, especially since you are proclaiming that DCA is the best of strategies for newbies, yet at the same time you are saying that there is a need to have money available for buying BTC on dips and also to be able to lump sum buy on dips.

If a bitcoin newbie is actually employing active and aggressive DCA, then he is not going to have any money left for buying on dips, and especially he is not going to have lump sum amounts available that he would be saving for buying on dips.

Sure there are ways to combine the strategies, and even newbies could choose to hold back some value for buying on dips, and anyone could receive a lump sum amount of money at any time, and they could be fortunate that the lump sum amount comes during a dip period, yet even with the dip period, we cannot necessarily know if the dip is done or if there might be more dip coming.

@JayJuanGee thanks for clarifying me on this, I now understand that lump sum amount can be received at anytime not necessarily during the dip though the investor can be lucky to receive a lump sum amount during the dip, I stand to be corrected, I forgot that once an investor is using DCA method aggressively to accumulate Bitcoin, he or she will be left with no spare amount of money to buy during the dips since the method permit us to buy anytime including the dips and there won't be means to save up a lump sum amount to buy during the dips too unless the lump sum amount was dashed from friends,family unexpectedly or from business which may not also be during the dips.

Yea that true, no one can ascertain if the dips is done or not as you said and thats more reason why people shouldn't wait further delay their journey in Bitcoin investment, the statement I made earlier was as result of not knowing that that there is no need for a newbie or anyone applying DCA method aggressively to think of buying the dips since DCA method allow us to buy continuously steadily and slowly including during the dips and when the price soars.

Yes, actually buying at once when the Bitcoin price drops is actually not a bad thing as long as it is intended for the long term. However, it would be better if you do the DCA method by continuing to make purchases gradually because this allows something much better if the Bitcoin price continues to fall because in the end the price will go back up and you will still have reserve funds to keep buying it which can produce better and bigger profits in the long term. And this DCA method is very good for beginners and all the advice given by @JayJuanGee is indeed good and I always read and evaluate his comments and all of them make sense and are also true for the good of everyone especially beginners.

The DCA method is to maintain consistency over a long but gradual period. Just like homeopathy works slowly in the human body but when this medicine works but the illness of the person is completely cured, so the DCA investment method is here people will invest slowly but after a long time it will be seen that the amount of investment is increasing. Basically those who invest in the DCA method keep the amount of money they will invest weekly or monthly and keep investing this amount every month. The biggest advantage of this investment strategy is that you can invest any amount you want. So everyone should invest in this method consistently.

[Dailyscript]

Another thing with bitcoin is that there are so many times, that the BTC price unexpectedly moves to the upside without any major corrections, and some smart trader might sell in what he believes to be small batches on the way up, yet the BTC price keeps going up and still does not correct, and pretty soon he is left with all fiat and no bitcoin, and so then he doubles down by not buying back the bitcoin that he sold because he is still waiting for the BTC price to go down and he becomes a bitter no  coiner who sold all of his coins as some way lower price than the current price.. and sure, he would have had been way better off to just continue to buy BTC until he has enough BTC, which could take 4-10 years or longer to build a decently sized BTC stash, but he stays focused on buying and he is continuously building rather than spending time waiting for dips that may or may not end up coming.

That is the problem, most traders dont know when to quit and realize that if they had been buying Bitcoin all the years they have been trading, they would have been in better profits than what they think they have now. To be honest, most traders can't boast of any better profit they have seen since they started trading. Yet, they keep putting in money from another source like business or other investments into trading hoping to cash out huge someday. People go into trading thinking they are going to turn 2k into 4k and then 8k in a few weeks or months. The market does not care what they want to earn it will go against them or in favor of them.

Just knowing when to take a break is a good thing. As an individual, the worst we can do is to push against ourselves and if we feel that it is time to try investing in the long term instead of trading then such traders should do it.

Yes I noticed that. When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.

The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.

Trading has never sound great to me and many other investors in this board. Jay and a few others can attest that. Just like i have said before, the decision on what we do to our Bitcoin depends on our individuals goals, risk tolerance and level of finance. I cant suggest for an individual to choose trading over investing long term or vice versa because at the end of the day we would take responsibility for any actions we take now.

But in my own opinions ill choose investing in Bitcoin for long term any day, ay time. Why would i prefer to risk my asset on a daily basis under the volatile market conditions with buy and sell decisions. Even if it is in our choice to choose we should make sure we win at the end. What is the point of investing in Bitcoin if we dont get to be successful as it is the end goals. Trading can be more emotional and only for short profits, While investing in long term with a strategy can be relatively straightforward, making them easy to comprehend and achieving our goals. With trading we may likely stay longer in completing our goals.

Ultimately, the key is to understand your own goals and risk tolerance before making a decision.

[DubemIfedigbo001]

However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.

So bad, you can't just stop everyone to believing in trading but any member as part of this forum should have learnt all that is needed and why to divert into investing and holding Bitcoin than trading. I see lots of traders who will fund their accounts with some thousands of dollars and within a week they eventually get their account blown to zero success, sometimes they make profits but concerns should be if they have to redirect all what they lost while trading then by a few years of holding must have gotten a good amount of Bitcoin in their portfolio.

The major problem is that, most of this beginners traders are all believing what they see from the internet (mentors) and would likely put every of their funds just to make enough and call it a success but instead they go to nothing because of the stipulated risk involved in trading.

A lot of people I know that started from trading instead of investing in Bitcoin are out of the system now due to their terrible experience. Although some were able to transition from trading to holding when they realized that holding is the best approach to Bitcoin for their level of experience and knowledge. Some also have seen that they would have made more if they had just left their coins in their wallet and not sell them, hence resolve to only buy and hold and not worry about buying low to sell high which is what trading is all about.

Rather than concentrating on trading, it will be better for newbies to start up with investing and holding Bitcoin and those who would want to pursue a career in trading can build their skills and knowledge using paper trading until they have had a hang of it then they start with small capital. But investing is an ongoing process that should continue even when they are trading but discipline have to be applied so that money does not move from the investment into the trading. They can be planned and executed differently for greater efficiency.

You are actually right here, most people didn't get the right information on time, some people venture into trading without knowing the risk attached to it and all it entails, and when they get burnt, they will start looking for who to blame.

Am saying so because I have been there before, in my early days, I started with trading, I buy and hold, then sell anytime their is a price appreciation, at then I thought I have gotten the right formula, but is still feels like am not getting what I really wanted, because selling at every price increments is not giving me the the kind of money I wish for, and in the process i started  trading futures, and that was where I got burnt completely, though I stop it after I have incurred a significant losses.

 So everything changed when a friend of mine gave me the idea of buying Bitcoin and holding, that was when things changed for good, and when I saw the financial stability and how peaceful it is, I see no need to even try trading again and selling for minimal gains, because right now I am already in a significant gains, because I bought Bitcoin when the price was 22k to 30k, so what's the need selling now for minimal gains when I know that with the potential of Bitcoin, it can do 10x to 20x in like 10 to 20 years time from now, so in essence of what am trying to say is that anyone that have seen or taste how peaceful and easy buying and holding of Bitcoin is, if you have the right knowledge,
you will definitely wouldn't even think of trading again, because it's actually self destruct if you know how dangerous it is and still went ahead with it without having any knowledge of technical and fundamental analysis.

It's not only self destruct, it boils down to more than that. You still get to motivate people looking up to you or other newbies meets you for clarification regarding Bitcoin investment wrongly . With time you must have missed a while lot of people and cause them misfortune in their Bitcoin investment journey. So there's a possibility of destroying others with your improper knowledge

Furthermore, you don't even need to get any technicality and fundamentals of trading since your business is to buy and hold. Sometimes gaining some knowledge that is not in cognisance with our targeted achievements can motivate us wrongly if detailed upon. So it's better to focus on little things that give better results and in this case you can focus on securing your wallets better, increasing your DCA amounts and providing more emergency fund so you can hold your investments for at least 10 years and other considerations that begets proper investment.