Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

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..

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected,

I am not saying that age causes a person to sell bitcoin earlier than expected, but age could be a factor that affects whether or not a person has at least a 4 year timeline so that they would be an investor rather than a trader, and sure they might still be willing to trade, but it becomes risky for anyone to try to trade less than 4 years, even though people may well be willing to take those kinds of chances, which I also would consider to be gambling rather than investing, but people  do those kinds of things, yet if someone is really unsure about being able to have enough resources, they may well not want to get into trading with money that they pretty confident that they are going to need in less than 4 years.

don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling

We cannot decide to others the extent to which they value saving for their off-spring versus saving for themselves, and if they have a lot of extra money beyond their own various basic living needs, then they may have the luxury of saving for their off-spring rather than themselves, yet if they are also having trouble just making ends meet, then they may well be better off to make sure that they are in a good position rather than worrying about their offspring.  Off spring might also be in a better position than their parents, so it is not even necessarily true that offspring are going to be in some kind of a desperate need for the money of their parents.. beyond maybe they might not want their parent to leave them with too many financial burdens.  

I am surely not going to claim to know how folks might want to prioritize, and there are even many folks who want to try to spend all of their money during their life without spending it too early.. or outliving their savings/investments, so it tends to not be easy to strike any kind of universal balance, and surely elderly folks reach differing levels of wealth by the time the die and differing kinds of familial relations or heirs that they might be ready, willing and able to pass their wealth.

because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?

Part of the reason that they would not be investing into bitcoin if they have less than a 4 year timeline is because they need the money.  They are not necessarily getting back into fiat, but instead using fiat for their living expenses.  Frequently elderly people have difficulties with no longer being able to earn money and if the money is continuing to be debased then whatever money they have is not going as far as it had gone in the past, so surely it still may be a good practice to convert into cash from their investments as they need the money, if they do not have a lot of options for various investments and the amount of their investments are running low, then they are depleting their principle rather than merely drawing income from whatever investments they have remaining when they get into their final years, while at the same time not being sure how long that they might live or if they might suffer from additional physical and/or mental ailments with folks who may or may not be ready, willing and/or able to help them with their living.

If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

The keeping of various amounts of back up funds in cash can differ if you are talking about earning income from working versus merely earning income from various kinds of investments that a person has, and there may be some choices in regards to which investments to spend first when a person gets into a situation in which some of his income streams might be drying up or if he is depleting various investments that he has.  If he already has bitcoin then bitcoin remains in the mix of various investments and potentialy choosing of which investments to deplete first, and so surely many of us would like to be in a position where we can just live off of our various investments without having to deplete them, so that still ends up showing how impractical that it might be for anyone who might already be in a stage of depleting investments to be adding any new investments or reallocating investments, even though I could see that a person might have some property or even investments that he converts into bitcoin since he think that bitcoin will hold its value better and that it would be easier to cash out slowly from bitcoin while mostly letting the bitcoin investment ride as compared to some other investments that might either be less liquid but also might not be as likely to appreciate in value as much... yet even with all of those kinds of considerations, there still would be needs to account for how much time a person expects to have before starting to draw upon the investment.

Let's take example of a person who sold a $300k house and bought bitcoin with it.  There could be circumstances that such person owning a $300k house successfully sells the house and puts the value into bitcoin, and maybe they have some other sources of income, but if they bought $300k worth of bitcoin right now, they may well get around 4.8 BTC, and maybe they could still withdraw around $2.5k worth of bitcoin on a monthly basis for an indefinite amount of time, and surely if their living expenses dictates that they need to withdraw higher amounts, then they might start to overly deplete their BTC, so their withdrawal rate would no longer be sustainable if they are trying to withdraw more than the amount of BTC would be able to sustain.  I am not saying that I know the right answers, so people have to figure out a balance that works for them, and sometimes they do get to such a bad financial, health and/or psychological situation that there might not be a whole hell of a lot that can be done to improve their situation.

Now I understand more better why 4 years is considered as long term for holding bitcoin investment. I had never considered age and health as a factor that could influence how long some investors could hold their bitcoin. And you are absolutely right, because an old investor who is already 80-90 years old wouldn't want to hold his investment for as long as 20 years, because at that age such investor could die at any time due to his age. So in essence people that fall into this category tends to hold bitcoin on a shorter duration. So you people who are fit and still have a reasonable number of years ahead of them should be the ones holding bitcoin from 10 years and above to actually see more profit from their investment.

Well, if you invest in real estate or property, four years is considered a very minimal period as people would buy property for a decade or more and will always want to hold for as long as possible. The same goes for Gold and other investments, but when we talk about bitcoin investments, people find it hard to hold 4 years and that is considered as a very long time. I find this behavior very strange and the reason for this is that it is expected that bitcoin and crypto investments give a lot more return in quick time, that may not be possible in reality.

Hopefully you are not investing into shitcoins or considering shitcoins to be an investment rather than a trade. .and also to be careful regarding how much shitcoins you are holding and considering any of that crap to be an investment rather than a trade, which it may or may not be successful as a trade, rather than just getting involved in bitcoin and mostly staying out of shitcoins, except maybe in very limited ways for some guys who cannot resist gambling, then maybe those guys should at least limit their shitcoin exposure to less than 10% the size of their BTC holdings while considering their shitcoins to be a trade rather than a long term investment.

[Cryptoprincess101]

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..

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
      If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.

It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.

[Finestream]

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.

Know that when you decide to enter trading, losses are highly possible most especially if you are just starting to learn the process. And even if you consider yourself a pro in trading, still losses are somehow inevitable. Why? Because we are trading in an uncertain market.

 No matter how you see positive vibes in trading when you are starting, that won't guarantee that you'll definitely end up with a positive and successful trade. The market can lure us sometimes. It can be profitable if we look at it but it ended up with an unexpected reversal. Losing in trading is never new at all, just get used to it until you learn to maximize your profits and minimize your losses.

[reefsea]

I am not saying that age causes a person to sell bitcoin earlier than expected, but age could be a factor that affects whether or not a person has at least a 4 year timeline so that they would be an investor rather than a trader, and sure they might still be willing to trade, but it becomes risky for anyone to try to trade less than 4 years, even though people may well be willing to take those kinds of chances, which I also would consider to be gambling rather than investing, but people  do those kinds of things, yet if someone is really unsure about being able to have enough resources, they may well not want to get into trading with money that they pretty confident that they are going to need in less than 4 years..

I think so too, if they are old, it is possible that the investment they make is not for themselves but will be inherited by their children at some point in the future. That way I think that relatively old age can invest for their life or death without feeling the results or lifelong investment because it is a fact that many of them will inherit investments for their children.

If the time period is less than 5 years, of course they still want to enjoy the results of the investment they make. It is possible that they will not switch to trading practices because old age may make many mistakes and of course it will be quite chaotic if they reverse the direction of investment practices to trade.

[liuka]

Know that when you decide to enter trading, losses are highly possible most especially if you are just starting to learn the process. And even if you consider yourself a pro in trading, still losses are somehow inevitable. Why? Because we are trading in an uncertain market.

 No matter how you see positive vibes in trading when you are starting, that won't guarantee that you'll definitely end up with a positive and successful trade. The market can lure us sometimes. It can be profitable if we look at it but it ended up with an unexpected reversal. Losing in trading is never new at all, just get used to it until you learn to maximize your profits and minimize your losses.

It is better not to trade if you already know that the risk is greater. Some are successful, some are not, but most of those who become millionaires are holders. Like people who bought bitcoin early or when the price of bitcoin was still at $ 1k but they didn't sell it, of course they got a lot of profit. But if they trade, of course they don't have the opportunity to buy bitcoin at a cheap price like $ 1k before they sell it.

There must be wiser considerations before choosing a decision, with many regrets expressed by old investors because their mistakes are certainly a consideration so as not to make mistakes like they did.

[SuperBitMan]

don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling

We cannot decide to others the extent to which they value saving for their off-spring versus saving for themselves, and if they have a lot of extra money beyond their own various basic living needs, then they may have the luxury of saving for their off-spring rather than themselves, yet if they are also having trouble just making ends meet, then they may well be better off to make sure that they are in a good position rather than worrying about their offspring.  Off spring might also be in a better position than their parents, so it is not even necessarily true that offspring are going to be in some kind of a desperate need for the money of their parents.. beyond maybe they might not want their parent to leave them with too many financial burdens.  

I am surely not going to claim to know how folks might want to prioritize, and there are even many folks who want to try to spend all of their money during their life without spending it too early.. or outliving their savings/investments, so it tends to not be easy to strike any kind of universal balance, and surely elderly folks reach differing levels of wealth by the time the die and differing kinds of familial relations or heirs that they might be ready, willing and able to pass their wealth.

Is very much possible for parent to pass there wealth to there children and a lot of parent do it and we may have even come across something like that, when it comes to a parent passing there Bitcoin investment to there children is very much possible in fact I have seen such a case the man handed his wallet secret phrase and password to his son and told him to make good use of it and that was how his son continued accumulating Bitcoin and putting together what his father has already accumulated and his it was a lot of Bitcoin it was this year he sold some of his Bitcoin and used the money to invest in real estate and I must say he is now very successful and his still accumulating Bitcoin and holding so is very much possible a friend of mine was saying his the only investment his going to leave for his children is this Bitcoin investment.
Just like you said one it tends to not be easy to strike any kind of universal balance when it comes to what older people would love to do with there investment or money however the point I'm trying to make is that is very much possible if you want to live your Bitcoin investment for your children or anyone as inheritance.

The reason why some people don't want to go into Long term Bitcoin investment is because they are old and they don't see the need of going into Long term Bitcoin investment because they feel they may even die before it gets to a point they want, that's a good point but even we the young people don't have a grantee that will may live more than even a year or two because no one knows what can happen in the next minute and accident can take a young person's life and we may even have someone we want to inherit our Bitcoin but the person pass alway before us so in all when going into Bitcoin investment we should map out the numbers of years we wish to hold and if we want to pass it to our children as inheritance is also fine which ever way we want to handle it as long as it won't interrupt our accumulation and holding.

Know that when you decide to enter trading, losses are highly possible most especially if you are just starting to learn the process. And even if you consider yourself a pro in trading, still losses are somehow inevitable. Why? Because we are trading in an uncertain market.

 No matter how you see positive vibes in trading when you are starting, that won't guarantee that you'll definitely end up with a positive and successful trade. The market can lure us sometimes. It can be profitable if we look at it but it ended up with an unexpected reversal. Losing in trading is never new at all, just get used to it until you learn to maximize your profits and minimize your losses.

It is better not to trade if you already know that the risk is greater. Some are successful, some are not, but most of those who become millionaires are holders. Like people who bought bitcoin early or when the price of bitcoin was still at $ 1k but they didn't sell it, of course they got a lot of profit. But if they trade, of course they don't have the opportunity to buy bitcoin at a cheap price like $ 1k before they sell it.

There must be wiser considerations before choosing a decision, with many regrets expressed by old investors because their mistakes are certainly a consideration so as not to make mistakes like they did.

I think before we choose the way to go in our Bitcoin investment we should consider history when I say history I mean history of those who has been into Bitcoin investment before us for me a lot of successful people I have seen in Bitcoin investment are not traders so I think people especially newbies should also think about this.
Trading is very risky because of the nature of Bitcoin and the best way to to go about Bitcoin is by Accumulating and holding for long term and it gives you peace of mind you don't have to panic when there's dip, when there's no dip, when the price is up etc. Some of this traders has given there selfs high blood pressure because of thinking, panic and fear since they're not always certain what will be the outcome of there prediction, I know of someone that dead because of this. Is important our newbies know the advantage and disadvantage of every part they choose to take in Bitcoin investment.

[DubemIfedigbo001]

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..

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
      If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.

It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.

Your Bitcoin portfolio is an investment, so getting old or even death should not be an avenue for you to liquidate your investment. Just like companies and big bank balances are inherited by children of it's owners and others contained in your will, you can decide as a father to split your holdings and issue them to your children as part of their inheritance in order to keep holding even after you've left the earth. Having given them proper orientation on the importance of holding for longer, they can keep holding and increasing the value of the portfolio handed over to them. That way you're still holding for a longer time even in death.

[Ambatman]

Your Bitcoin portfolio is an investment, so getting old or even death should not be an avenue for you to liquidate your investment. Just like companies and big bank balances are inherited by children of it's owners and others contained in your will, you can decide as a father to split your holdings and issue them to your children as part of their inheritance in order to keep holding even after you've left the earth. Having given them proper orientation on the importance of holding for longer, they can keep holding and increasing the value of the portfolio handed over to them. That way you're still holding for a longer time even in death.

What about an individual that has no kids or kids they willing to trust with such.
And inheriting the holdings, despite education how would he or she be sure the kids would really hold and not sell.
Besides the point, Do you expect the kids to hold forever and give to the next generation as a family heirloom?

Bitcoin isn't just a beautiful vase to he held, If there's need for the children's to sell they can and they want to continue holding it should be their choice.
Though educating them to hold rather than trading is very important, likewise how to take profits without emptying their stash .

[Shadiq]

Your Bitcoin portfolio is an investment, so getting old or even death should not be an avenue for you to liquidate your investment. Just like companies and big bank balances are inherited by children of it's owners and others contained in your will, you can decide as a father to split your holdings and issue them to your children as part of their inheritance in order to keep holding even after you've left the earth. Having given them proper orientation on the importance of holding for longer, they can keep holding and increasing the value of the portfolio handed over to them. That way you're still holding for a longer time even in death.

Is it correct to call a company and Bitcoin the same type of asset? Is it OK to bequeath Bitcoin to someone? Such questions are natural.

Because investing doesn't require much knowledge to start, but you must acquire knowledge to manage investments. As you have gained knowledge and been able to retain and grow your portfolio, is your successor a worthy candidate for that portfolio? Employees of your company to perform duties to qualify your successor for the company, or you train your successor to qualify for the company. How long your successor will hold on to Bitcoin is questionable. Bitcoins are very easy to sell compared to companies. So if you fail to raise your child to be worthy of holding bitcoins, is it okay to leave a bitcoin portfolio to them? I think every investor should have a qualified successor, just in case. Before his death, he should take the responsibility of making the successor competent by imparting education. If it fails to do so then it is better to opt for an alternative method.

[asarfiar]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

The best time to buy Bitcoin was 10 years ago, and the second best time is now. It is estimated that Bitcoin's potential is endless which could touch six figures in the next few years, which would be a 100% gain if we hold.

As a Bitcoin investor our focus should naturally be on long-term price performance rather than a short-term mindset. Most Bitcoin adopters don't care about short-term gains, and they don't operate Bitcoin with a get-rich-quick mindset.

Another method we can use here, if you want to buy Bitcoin and you don't know the best day of the week then use TDM analysis. So if you follow this method you can buy bitcoins at the beginning of the week during an uptrend and sell at the end of the week i.e. during the downtrend and you will most likely get a better price.

As Bitcoin investors, we can reduce the impact of market volatility by using the dollar-cost averaging (or "DCA") strategy, which can play  valuable role in long-term investing.

[Odohu]

~

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
      If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.

It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.

People HODL for several reasons such as for retirement so that they can maintain the same lifestyle after they are retired from active service. This can be achieved by saving certain portion of income in Bitcoin monthly or as the case maybe just like people do it in fiat system through pension. I strongly recommend that those of us that are opportune to learn about Bitcoin should consider this pattern of saving for retirement in Bitcoin. In my country, their is a government policy that mandates all employers to deduct about 10% of the salary of their employees and save it as mandatory pension contribution in a reserve funds that will be accessible upon their retirement. Those of us who are into Bitcoin can copy this, while they are taking 10% to save as pension, we can also work out another 10% or a suitable percentage that we can put into Bitcoin to save for retirement. This way we will be HODLing for something and with a target.

Another reason some people would HODL forever or what will seem like forever is when their intention is to pass their Bitcoin to their children as their legacy. I happen to be working on this as well because I want Bitcoin to be one of the things I will give to my children. So irrespective of the market conditions or how high Bitcoin goes, I will never sell all my Bitcoin and my wallets will always have Bitcoin that will be taken over by my heirs when I have played my part on earth. This is the reason I have come to know that people HODL for different reasons and it is important we find ut this reason because it will serve as the motivation for doing what we do.

[Ruttoshi]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

The best time to buy Bitcoin was 10 years ago, and the second best time is now. It is estimated that Bitcoin's potential is endless which could touch six figures in the next few years, which would be a 100% gain if we hold.

By next year when the bull run is at its peak, the odds of bitcoin price to be in six digits is very high and not next few years.

Another method we can use here, if you want to buy Bitcoin and you don't know the best day of the week then use TDM analysis. So if you follow this method you can buy bitcoins at the beginning of the week during an uptrend and sell at the end of the week i.e. during the downtrend and you will most likely get a better price.

As Bitcoin investors, we can reduce the impact of market volatility by using the dollar-cost averaging (or "DCA") strategy, which can play  valuable role in long-term investing.

You are contradicting yourself with these two paragraphs because how can an investor buy bitcoin when the price is on an uptrend and sell when the price in in a downtrend. Are you sure you know what you are saying or you are following some traders to think on the wrong side on how to start your journey in bitcoin. Also you are talking about DCA that is only applied to buying of bitcoin and not selling.

A new investor don't need to think of selling his bitcoin during his bitcoin accumulation phase but to continue buying regularly consistent and persitent with DCA weekly to enable him build his bitcoin investment overtime. Selling too early might lead to loss and investment liquidation.

[JayJuanGee]

Your Bitcoin portfolio is an investment, so getting old or even death should not be an avenue for you to liquidate your investment. Just like companies and big bank balances are inherited by children of it's owners and others contained in your will, you can decide as a father to split your holdings and issue them to your children as part of their inheritance in order to keep holding even after you've left the earth. Having given them proper orientation on the importance of holding for longer, they can keep holding and increasing the value of the portfolio handed over to them. That way you're still holding for a longer time even in death.

What about an individual that has no kids or kids they willing to trust with such.
And inheriting the holdings, despite education how would he or she be sure the kids would really hold and not sell.
Besides the point, Do you expect the kids to hold forever and give to the next generation as a family heirloom?

Bitcoin isn't just a beautiful vase to he held, If there's need for the children's to sell they can and they want to continue holding it should be their choice.
Though educating them to hold rather than trading is very important, likewise how to take profits without emptying their stash .

I think that some folks have hesitancies in regards to passing down very much wealth to kids, and I suppose even if kids might be somewhat responsible, many of us realize that there is a bit of a difference between receiving wealth versus building up wealth, so surely it may well become very tempting to spend and/or fail/refuse to manage the wealth very well, yet I suppose that there are also going to be examples of responsible wealth recipients.

.........In my country, their is a government policy that mandates all employers to deduct about 10% of the salary of their employees and save it as mandatory pension contribution in a reserve funds that will be accessible upon their retirement. Those of use who are into Bitcoin can copy this, while they are taking 10% to save as pension, we can also work out another 10% or a suitable percentage that we can put into Bitcoin to save for retirement. This way we will be HODLing for something and with a target.

Bitcoin does seem to be a superior pension, so if no amount is being withheld from a person's pay for pension, then the person can choose his own allocation, whether that is strictly bitcoin and cash or if he might include other kinds of investments within his investment portfolio... and I had personally been saving 10% of my pay for all of my life - including around 20 years prior to my getting into bitcoin, and surely some of my savings and/or investments from those kinds of 10% savings/investments did not do as well as other things, and surely once I got into bitcoin then the performance of bitcoin way outstripped my various previous investments... yet I had also reallocated some of my traditional investments into bitcoin...or at least at the time that I got into bitcoin in late 2013, my financial situation was in a position where I was fairly easily able to reallocate some of the value from my traditional investment portfolio into bitcoin (so there is some fortune in an ability to have lump sum options rather than merely relying on DCA strategies from discretionary income from work income).

Another reason some people would HODL forever or what will seem like forever is when their intention is to pass their Bitcoin to their children as their legacy. I happen to be working on this as well because I want Bitcoin to be one of the things I will give to my children. So irrespective of the market conditions or how high Bitcoin goes, I will never sell all my Bitcoin and my wallets will always have Bitcoin that will be taken over by my heirs when I have played my part on earth. This is the reason I have come to know that people HODL for different reasons and it is important we find ut this reason because it will serve as the motivation for doing what we do.

Even if your main plan might be to mostly use your wealth for yourself, but also to have some extra that you are able to pass on to your kids, since we cannot really know when we might either die or become incapacitated, we cannot necessarily know how long we might need our wealth, so there can be some relief that any excess that is accumulated gets passed onto the kids, even if the primary objective might not ONLY be to pass on the wealth to the kids but instead there may be a bit of a dual purpose (or a hybrid) kind of an element that is in place in regards to yourself as a beneficiary of your wealth versus your kids as backup beneficiaries of your excess wealth.

[Ambatman]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

The best time to buy Bitcoin was 10 years ago, and the second best time is now. It is estimated that Bitcoin's potential is endless which could touch six figures in the next few years, which would be a 100% gain if we hold.

Few years for Bitcoin to reach 6 digit?
Come off it, that's alot of underestimation.
If things align well it's possible this year and more possible next year.
The probability of Bitcoin not crossing 6 digit mark Now till next year is very much lower than it crossing it.
It may seem that quite some situation are holding the price below $70K but once it reaches saturation
It would explode and I almost pity those that won't be aboard.
People seeing threads like this and getting experienced view don't really know how lucky they were.
If I had this 2022, I know how far I would have gone.

In my country, their is a government policy that mandates all employers to deduct about 10% of the salary of their employees and save it as mandatory pension contribution in a reserve funds that will be accessible upon their retirement.

Unfortunately the value of Fiat fall as time goes on. In essence they are been cheated by the Government.

[Justbillywitt]

I am not saying that age causes a person to sell bitcoin earlier than expected, but age could be a factor that affects whether or not a person has at least a 4 year timeline so that they would be an investor rather than a trader, and sure they might still be willing to trade, but it becomes risky for anyone to try to trade less than 4 years, even though people may well be willing to take those kinds of chances, which I also would consider to be gambling rather than investing, but people  do those kinds of things, yet if someone is really unsure about being able to have enough resources, they may well not want to get into trading with money that they pretty confident that they are going to need in less than 4 years..

I think so too, if they are old, it is possible that the investment they make is not for themselves but will be inherited by their children at some point in the future. That way I think that relatively old age can invest for their life or death without feeling the results or lifelong investment because it is a fact that many of them will inherit investments for their children.

That does happen, there is no disputing the fact that parents often do investment on behalf of their children. But how about in a situation where a parent wants to divide his investment in bitcoin among his children before his demise. Because he has realised that if he doesn't do it himself that it will cause a big trouble among his children in his absence. Such a parent who is already getting old will definitely adopt the shorter holding period of 4 years. In this case we are taking about elderly people who makes investment for themselves. So as @JJG rightly said, old age is major factor that often influence the choice of holding period in bitcoin investment

If the time period is less than 5 years, of course they still want to enjoy the results of the investment they make. It is possible that they will not switch to trading practices because old age may make many mistakes and of course it will be quite chaotic if they reverse the direction of investment practices to trade.

If you read carefully about what @JJG is talking about, you will understand he's saying that, if you know that the money with you, that you intend to use and make investment, is the money that you are going to need or use in less than four years, it is better to keep that money till when you will need it, rather than going into trading. He is not in anyway suggesting that because of old age that people should reverse their investment and go into trading, no he never said that. I took my time to read between lines of his post, what you are suggesting was not in his post.

[Odohu]

.........In my country, their is a government policy that mandates all employers to deduct about 10% of the salary of their employees and save it as mandatory pension contribution in a reserve funds that will be accessible upon their retirement. Those of use who are into Bitcoin can copy this, while they are taking 10% to save as pension, we can also work out another 10% or a suitable percentage that we can put into Bitcoin to save for retirement. This way we will be HODLing for something and with a target.

Bitcoin does seem to be a superior pension, so if no amount is being withheld from a person's pay for pension, then the person can choose his own allocation, whether that is strictly bitcoin and cash or if he might include other kinds of investments within his investment portfolio... and I had personally been saving 10% of my pay for all of my life - including around 20 years prior to my getting into bitcoin, and surely some of my savings and/or investments from those kinds of 10% savings/investments did not do as well as other things, and surely once I got into bitcoin then the performance of bitcoin way outstripped my various previous investments... yet I had also reallocated some of my traditional investments into bitcoin...or at least at the time that I got into bitcoin in late 2013, my financial situation was in a position where I was fairly easily able to reallocate some of the value from my traditional investment portfolio into bitcoin (so there is some fortune in an ability to have lump sum options rather than merely relying on DCA strategies from discretionary income from work income).

I know that Bitcoin is a superior investment than merely keeping money in the bank. Even though the pension operators claim to be investing the money in a sure and safe way to be able to earn profits, the highest I have seen them report was 5% per annum which I know that Bitcoin would have broken for the many years I have put in. When you add inflation to this figure, we are actually getting poorer towards retirement because inflation in my country is on free fall. Consequently, I once made effort to pull out of the government pension contribution and channel the money to Bitcoin but the HR of my company refused my request citing that the pension contribution was mandatory and signed into law by the government of my country. Assuming my request was granted, I know how much I would have saved up in Bitcoin by now for the number of years I have been in service. So, to compensate for this, I decided to work out something for myself that just like I explained before.

Another reason some people would HODL forever or what will seem like forever is when their intention is to pass their Bitcoin to their children as their legacy. I happen to be working on this as well because I want Bitcoin to be one of the things I will give to my children. So irrespective of the market conditions or how high Bitcoin goes, I will never sell all my Bitcoin and my wallets will always have Bitcoin that will be taken over by my heirs when I have played my part on earth. This is the reason I have come to know that people HODL for different reasons and it is important we find ut this reason because it will serve as the motivation for doing what we do.

Even if your main plan might be to mostly use your wealth for yourself, but also to have some extra that you are able to pass on to your kids, since we cannot really know when we might either die or become incapacitated, we cannot necessarily know how long we might need our wealth, so there can be some relief that any excess that is accumulated gets passed onto the kids, even if the primary objective might not ONLY be to pass on the wealth to the kids but instead there may be a bit of a dual purpose (or a hybrid) kind of an element that is in place in regards to yourself as a beneficiary of your wealth versus your kids as backup beneficiaries of your excess wealth.

I am looking at two things which are life after retirement from active service and my kids should anything happen in the future. For both cases, I am making adequate preparations and if the first happens, which is my expectations, then I should be able to live comfortably and still have something left for the kids. But if the second case happens, then the kids have everything. But whatever be the case, the plan is to leave Bitcoin for my heirs.

[Pi-network314159]

Your Bitcoin portfolio is an investment, so getting old or even death should not be an avenue for you to liquidate your investment. Just like companies and big bank balances are inherited by children of it's owners and others contained in your will, you can decide as a father to split your holdings and issue them to your children as part of their inheritance in order to keep holding even after you've left the earth. Having given them proper orientation on the importance of holding for longer, they can keep holding and increasing the value of the portfolio handed over to them. That way you're still holding for a longer time even in death.

What about an individual that has no kids or kids they willing to trust with such.
And inheriting the holdings, despite education how would he or she be sure the kids would really hold and not sell.
Besides the point, Do you expect the kids to hold forever and give to the next generation as a family heirloom?

Bitcoin isn't just a beautiful vase to he held, If there's need for the children's to sell they can and they want to continue holding it should be their choice.
Though educating them to hold rather than trading is very important, likewise how to take profits without emptying their stash .

I think that some folks have hesitancies in regards to passing down very much wealth to kids,
and I suppose even if kids might be somewhat responsible, many of us realize that there is a bit of a difference between receiving wealth versus building up wealth, so surely it may well become very tempting to spend and/or fail/refuse to manage the wealth very well, yet I suppose that there are also going to be examples of responsible wealth recipients.

Yes I think so. The beauty of life is to work hard and expect your children to enjoy and not to pass true stress of life like the way you once did. But hoping for their betterment but doesn't mean they will be lazy, because many children tend to become lazy hoping for the benefit from their parents HODLings. Which has led many people to think otherwise wether to keep asset for there children or not. From this case most people think of seling there asset while aive and some still keep it without undermining the habits or characteristics of their children. But the truth is that people should be passionate in passing down wealth to their kids without a second tought despite the situation.

[MainIbem]

Few years for Bitcoin to reach 6 digit?
Come off it, that's alot of underestimation.
If things align well it's possible this year and more possible next year.
The probability of Bitcoin not crossing 6 digit mark Now till next year is very much lower than it crossing it.
It may seem that quite some situation are holding the price below $70K but once it reaches saturation
It would explode and I almost pity those that won't be aboard.
People seeing threads like this and getting experienced view don't really know how lucky they were.
If I had this 2022, I know how far I would have gone.

Currently, nukes were launched against Israel and thus affecting the market, that's why so many coins were red lately if not we would've probably witness Bitcoin reaching the 70k mark again. Well the market would be green again after a while and  I don't think it's going to take very long before Bitcoin gets to 100k there's been speculations about that before now and chances are high that it may occur by late November or at the 1st quarter of 2025 and if it doesn't occur by then we'll still watch Bitcoin get to six figure before the next circle. However I think the most important thing right now is not about the price or height Bitcoin gets to but how well an investor have build their portfolio, it's the amount of Bitcoin one has accumulated that matters cause we'll all keep speculating but no one can predict the exact date Bitcoin would get to six figures, so everyone has to be prepared towards it, buy as much as we can before Bitcoin gets to the 100k mark.

[ultrloa]

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.

Know that when you decide to enter trading, losses are highly possible most especially if you are just starting to learn the process. And even if you consider yourself a pro in trading, still losses are somehow inevitable. Why? Because we are trading in an uncertain market.

 No matter how you see positive vibes in trading when you are starting, that won't guarantee that you'll definitely end up with a positive and successful trade. The market can lure us sometimes. It can be profitable if we look at it but it ended up with an unexpected reversal. Losing in trading is never new at all, just get used to it until you learn to maximize your profits and minimize your losses.

Its simple to think that if people don't want to lose their money quickly they should avoid doing trades. We know how fast the movement of the market since crypto is volatile. If they can't handle that for sure that losing their money will be the end point of each action they do. Some might say that they are doing good in trading but the question is are they sustainable? For sure not every time they are winning since base on experience losing is really unavoidable especially that we cannot predict on what will happen to the altcoins we trade.

But if they want to be on safer side of investment then there's no better option than holding bitcoins. The potential is so high for this coin and it statistically proven that people into long term for this coin always get rewarded.

[sotelorene]

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..

You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
      If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.

I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.

It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.

Those who left huge stash of Bitcoin in their portifolio and died even when they have seen some negative sign about their health status, to me I will classify them as wicked people I mean that's not the best thing to do. Imagine having like 50 to 100 Bitcoin and then giving up the ghost without selling or letting anyone know about it, is it not a waste of investment. Just like I said, if they have someone they can share there seed phrase to it will be fine.