SuperBitMan
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November 04, 2024, 06:10:16 AM |
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Losses are inevitable but net loss is as a result of poor risk management, skill and knowledge. Investing in Bitcoin could cause losses The possibilities isn't neglected but it has never caused losses so far to holders. Personally I believe a dip doesn't necessarily mean loss It occurs when you sold Then one can say they made a loss since they sold lower than. Buying price. As long as am holding especially Bitcoin, I haven't lost yet. Personal mindset am building.
To go now we have to focus on buying at the moment, but mostly risk taking on both. At present it is the buying season so we will focus more on buying, and later we have to be patient to sell it again at the highest price, it may be a long time but we should be patient. Holding is the most important thing to invest in, and now we have to be patient for the long haul as we have to cross this season's highest buy service so that we can sell at the highest price in the next bull market. I agree with you that holding is the most important thing in Bitcoin investment however not short term holding or trading but long term holding if we master the act of long term holding we will become successful investors, the reason why I decided to make it clear is because of newbies if one just say holding some set of newbie may think about short term holding or trading and which is very risky. The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become.
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Rabata
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November 04, 2024, 06:13:54 AM |
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I don't think this is correct, because you don't know about all the investors history. But while everyone can start out at a loss, many investors are new so it's normal to lose. But the probability of bitcoin investment loss is very low, if you observe you can definitely see many gamblers who have been holding for a long time are definitely successful. Investors who follow the advice in this thread will have very little chance of losing. Bitcoin is the only long-term investment that is key to its success.
Investors who have held Bitcoin for a long time and also still really like to increase their Bitcoin by buying are investors who really know about the history of Bitcoin itself so that they no longer hesitate to continue buying Bitcoin as their investment asset for a long period of time. Currently I still believe that every day there are always investors who exchange their money for Bitcoin with methods that they often use because they no longer think about the potential for losses while still holding Bitcoin. Meanwhile, new investors will usually be busier looking for references and knowledge for themselves so that their mentality can be better trained when holding Bitcoin or when they want to buy Bitcoin again at this time. Because those who have not been holding Bitcoin for long will usually ask more questions to people who have invested in Bitcoin for a long time so that they can get a little guidance from those who have had earlier experience in Bitcoin. You are correct. Many times bitcoin investors come to realize that it is better to just ongoingly, persistently and consistently buy bitcoin rather than screwing around trying to figure out whether there is a dip or might be a dip, and sure it might make some of the newbie investors feel better to be buying bitcoin on the dip, yet it is still likely going to end up paying off way more for the newbies to develop a personality and a habit to be buying bitcoin persistently, consistently and ongongly at least for a whole cycle and perhaps even longer than a whole cycle depending on their financial situation and/or whether they are able to front load their BTC investment. Sometimes realization will always comes late since what usually happen for some investors is they entertain other means to possibly earn bitcoin that's why they explore on some things that they thing can passively generate them some good profits. But on process they would know that its hard to earn consistently by doing trades especially if the market is so volatile. Usually they discover later on that holding is more better investment option to do especially when they see the past historical movement of bitcoin and see that holders is always the winner towards this matter. But somehow its good experience to deal with other means of how they deal with their bitcoin since by picking up the best option like hodling for sure they would never messed around with their bitcoins since they know what is bad and more better investment for them. Agree with you. It is natural for investors to have differences as not everyone has the same mindset. But some investors who don't understand at first but realize it later. Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins. Bitcoin's value has steadily increased since its inception and this trend continues. That's why holding Bitcoin is definitely profitable. But surely an investor should not only consider the profit but also consider its positive and negative aspects and then invest. He should also know how much he is qualified or capable of long-term investment.
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cryptoWODL
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November 04, 2024, 08:14:25 AM |
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Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins.
Trading is risky for everyone As the market involves volatility, So it is never possible to earn continuously by trading. Those who learn about investing or holding instead of trading will never be interested in trading. For those who trade, I would recommend reviewing Bitcoin's price history to see how much the price has gone up now compared to the past. So those who invested or held Bitcoin in the past are successful in the present, just as those who invest or hold Bitcoin in the present will be successful in the future. You can start investing with much less experience than the more experience required for trading i.e. you can start investing even if you have little knowledge. Don't need a lot of experience or even a lot of money to start investing. Investors or holders are more successful than traders.
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Ever-young
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November 04, 2024, 08:52:19 AM |
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I agree with you that holding is the most important thing in Bitcoin investment however not short term holding or trading but long term holding if we master the act of long term holding we will become successful investors, the reason why I decided to make it clear is because of newbies if one just say holding some set of newbie may think about short term holding or trading and which is very risky. The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become. Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them. Another thing is that long-term holding always brings a high chance of profit, b but it's not always guaranteed if you are in for long-term holding and your target is profit. The person should have a target as there are times when you can just wake up after a long waiting and try to sell when the market is on bleeding level, which I don't consider a good one. Long-term holding and market target should also be considered.
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Olatundespo
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November 04, 2024, 08:53:30 AM |
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Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins.
Trading is risky for everyone As the market involves volatility, So it is never possible to earn continuously by trading. Those who learn about investing or holding instead of trading will never be interested in trading. For those who trade, I would recommend reviewing Bitcoin's price history to see how much the price has gone up now compared to the past. So those who invested or held Bitcoin in the past are successful in the present, just as those who invest or hold Bitcoin in the present will be successful in the future. You can start investing with much less experience than the more experience required for trading i.e. you can start investing even if you have little knowledge. Don't need a lot of experience or even a lot of money to start investing. Investors or holders are more successful than traders. Your advice was very insightful. Investors are more successful than traders It is an investment strategy that by making regular deposits an investor can successfully keep himself in the market. There really isn't much knowledge required to have guaranteed income and tend to continue for the long term by keeping Bitcoin Deposit (DCA) strategies. From a cycle or two you can expect certain bitcoin holdings and choose the future period to profit. Trading is likely to cause more emotional and financial stress and you should secure bitcoin holdings by doing long-term DCA and try to get an extra incentive if possible during each cycle.
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Justbillywitt
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November 04, 2024, 09:17:54 AM |
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Agree with you. It is natural for investors to have differences as not everyone has the same mindset. But some investors who don't understand at first but realize it later. Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins. Bitcoin's value has steadily increased since its inception and this trend continues. That's why holding Bitcoin is definitely profitable. But surely an investor should not only consider the profit but also consider its positive and negative aspects and then invest.
He should also know how much he is qualified
You don't even need any qualification to be able to hold bitcoin. Bitcoin long term hold is open to everyone. The only thing needed is to have your money for investment. Aside this there is no other qualifications needed. Buy your bitcoin according to how you have programmed your DCA frequencies. or capable of long-term investment.
So what happens if he thinks he is not capable for long term investment? Should he then go for trading instead? For me all investors are capable of long term bitcoin investment. It's just about your mindset and your determination to hold bitcoin for a long time, at least 4 years. Bitcoin wasn't designed for some people to be capable of holding, while others are not. Bitcoin gave everyone a level playing ground. Wether you see yourself as being capable or not, is your decision alone.
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laijsica
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November 04, 2024, 10:58:41 AM Merited by JayJuanGee (1) |
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Agree with you. It is natural for investors to have differences as not everyone has the same mindset. But some investors who don't understand at first but realize it later. Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins. Bitcoin's value has steadily increased since its inception and this trend continues. That's why holding Bitcoin is definitely profitable. But surely an investor should not only consider the profit but also consider its positive and negative aspects and then invest.
He should also know how much he is qualified
You don't even need any qualification to be able to hold bitcoin. Bitcoin long term hold is open to everyone. The only thing needed is to have your money for investment. Aside this there is no other qualifications needed. Buy your bitcoin according to how you have programmed your DCA frequencies. or capable of long-term investment.
So what happens if he thinks he is not capable for long term investment? Should he then go for trading instead? For me all investors are capable of long term bitcoin investment. It's just about your mindset and your determination to hold bitcoin for a long time, at least 4 years. Bitcoin wasn't designed for some people to be capable of holding, while others are not. Bitcoin gave everyone a level playing ground. Wether you see yourself as being capable or not, is your decision alone. This is a long-term approach to investing in Bitcoin and by adding more elements (Discretionary income and floating cash) to it, you can protect your investment from the gamble called trading. This is going to be a successful journey for you where you have a successful combination of financial success with Bitcoin stacking. With a long term bitcoin plan if one does not have the ability to do so there should be no need for him to take risks as he should decide whether to stop versus taking short term risks even though the DCA method should exist for him and he is huge stash from any size savings can get. In order to get effective success from Bitcoin one should emphasize on depositing on a continuous basis and should have multiple or more depositing efforts than in one cycle (as you mentioned 4 years). Your success depends on getting a large holding by increasing your savings scope with discretionary income Here your mental strength and discretion can be taken as the criteria for success.
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Jewan420
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November 04, 2024, 12:18:32 PM |
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In order to get effective success from Bitcoin one should emphasize on depositing on a continuous basis and should have multiple or more depositing efforts than in one cycle (as you mentioned 4 years). Your success depends on getting a large holding by increasing your savings scope with discretionary income Here your mental strength and discretion can be taken as the criteria for success.
Mental strength and discernment are enough to propel an investor to success. There is no substitute for being consistent and long-term to succeed in Bitcoin. While we cannot guarantee success, being consistent and long-term can increase our chances of success. Having a proper plan for investing is most important. Of course a person can add his own strategy to the plan, he can add something new or something different to the plan according to his situation. Many times a person adds an emergency fund to his plan, while others adopt a different strategy without having an emergency fund in his plan. But I think it's important that you have enough cash flow. The most important thing for an investor to start investing or to manage investments is to have an alternative source of income / to have a reliable source of income. If you ignore the fact that your income is not sufficient to manage the investment and you start investing and if you do not find an alternative source of income or a reliable source of income very soon, then you are going to lose your investment. Sometimes your luck can help you. But you can't get into investing by relying on luck. Of course, it's best to get into investing by making yourself investable (getting basic knowledge of Bitcoin or investing, arranging an alternative income/an income source and making up your mind to invest).
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Zackz5000
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November 04, 2024, 01:10:57 PM Last edit: November 04, 2024, 03:18:30 PM by Zackz5000 |
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Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them.
The newbie is right I don't think there is a different between short-term holding and trading they are just same thing since there objective will be to sell Bitcoin in a short time without accumulating and hodling for long is not even advisable to go into Bitcoin investment with the mindset of trading Bitcoin or for a short time because you might run at lost and the risk is much though people can choose what works for them.
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EclipseXcrypto
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Activity: 119
Merit: 13
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November 04, 2024, 03:13:18 PM Merited by JayJuanGee (1) |
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I agree with you that holding is the most important thing in Bitcoin investment however not short term holding or trading but long term holding if we master the act of long term holding we will become successful investors, the reason why I decided to make it clear is because of newbies if one just say holding some set of newbie may think about short term holding or trading and which is very risky. The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become. Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them. Another thing is that long-term holding always brings a high chance of profit, b but it's not always guaranteed if you are in for long-term holding and your target is profit. The person should have a target as there are times when you can just wake up after a long waiting and try to sell when the market is on bleeding level, which I don't consider a good one. Long-term holding and market target should also be considered. There's nothing like short-term holding when it comes to bitcoin investment, anything short-term implies or refers to trading. Reaping the profits and benefits of bitcoin investment mainly lies, when you approach it with a long-term mindset. Long term approach helps one to be patient and strategic with accumulation to grow your portfolio effectively. Due to Bitcoin volatility its very challenging for short term (trading), but with long-term perspective it really helps to ride through the ups and downs, which enables an investor to benefit from the growth of Bitcoin over time. The purpose of investing is to make profit but for an investor to profit from it's long-term holding they must be consistent with accumulating of Bitcoin. Long-term hodling with consistent accumulation will likely position your investment for profit over time.
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Samlucky O
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November 04, 2024, 03:31:21 PM |
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Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins.
Trading is risky for everyone As the market involves volatility, So it is never possible to earn continuously by trading. Those who learn about investing or holding instead of trading will never be interested in trading. For those who trade, I would recommend reviewing Bitcoin's price history to see how much the price has gone up now compared to the past. So those who invested or held Bitcoin in the past are successful in the present, just as those who invest or hold Bitcoin in the present will be successful in the future.You may be right about those who held bitcoin and became successful In the past but not all. surely some where not successful because the sold their HODLings to early along the line when bitcoin price was not reasonable as it is today, because of not being patient of hold for more longer time frame. So surely most people who buy and HODl bitcoin today may likely not be successful likewise, because they don't have the mind or will I put it the spirit of HODLing. Whenever we are talking about being successful in bitcoin HODLing, think of those who held it for over 15 - 30 years and above, because surely by then bitcoin price will never remain thesame after completing alot of circles. So at that time the amount of bitcoin you have invested will determine your success by then.
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SmartCharpa
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November 04, 2024, 06:13:25 PM |
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Losses are inevitable but net loss is as a result of poor risk management, skill and knowledge. Investing in Bitcoin could cause losses The possibilities isn't neglected but it has never caused losses so far to holders. Personally I believe a dip doesn't necessarily mean loss It occurs when you sold Then one can say they made a loss since they sold lower than. Buying price. As long as am holding especially Bitcoin, I haven't lost yet. Personal mindset am building.
That's right; holding a Bitcoin and the price drops or keeps falling does not suggest that one has lost; losses only affect those who decide to sell when the price falls. That's the reason making investments demands a lot of knowledge; many individuals lose because they do not know that holding a Bitcoin never results in a loss; it will be difficult to see someone complain about losing money when investing in Bitcoin until they sell at a dip, and dropping price doesn't mean that prices will never rise again. In my opinion, a recent increase in the price of Bitcoin from about $68k to $73k would have motivated new investors and given them more motivation to keep buying until the next halving. However, it has dropped back to $67k. When the price rises above $70k, I think even those who purchased around $60k would earn a lot. So as long as we are not using the money we borrow to accumulate more, it is advisable to buy more rather than worry about the fall and rise.
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Cryptoprincess101
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November 04, 2024, 09:26:10 PM Merited by JayJuanGee (1) |
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The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become.
Having a long-term target while investing in bitcoin is the best for any good investor but it doesn't really reduce the risks of losing because since bitcoin is a high volatile coin, volatility can push the price downwards at a time when an investor feels that the number of years he had in target has come, so it may be at a time when the price is experiencing a DIP due to an event that may occur at that particular period of time which means he has to be more patient in order to allow the price bounce back which is some cases, the investor may feel he is spending a lot of time waiting for the price to gain strength again which can make him to panic in fear that he may incur more losses if he waits further. This is one of the reasons while i feel people should not set the number of years they want to hold their bitcoin before they consider to sell part of it because it can appear at a time when the market is bleeding. I think the major reason why we hold for long is to build our portfolio and not specifically on profits making.
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Stablexcoin
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November 04, 2024, 09:28:35 PM |
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I agree with you that holding is the most important thing in Bitcoin investment however not short term holding or trading but long term holding if we master the act of long term holding we will become successful investors, the reason why I decided to make it clear is because of newbies if one just say holding some set of newbie may think about short term holding or trading and which is very risky. The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become.
We all know that holding is not an easy and peazy journey to embark on. When the price of Bitcoin tend to go down a little most investors are tempted to sell hoping to get some profits. The best thing to do is to train ourselves; first to be consistent to accumulate and to be patient to hodl. One way to do this is to create an understanding as well as a conviction that Bitcoin will go up in the future, these believes will help us stand firm to our investment. Even when we feel tempted to tamper our investment or sell we can rely on our believe because that is the only thing that can help keep us going. Life challenges will come, family unexpected needs like healthcare and possible demise of any close one. These things can be so pressing that an investor may start thinking of investment to be the only way out. I don't think this is correct, because you don't know about all the investors history. But while everyone can start out at a loss, many investors are new so it's normal to lose. But the probability of bitcoin investment loss is very low, if you observe you can definitely see many gamblers who have been holding for a long time are definitely successful. Investors who follow the advice in this thread will have very little chance of losing. Bitcoin is the only long-term investment that is key to its success.
Investors who will be successful in their investment will be based on the fact that they understand and believe on Bitcoin especially those who have hard experience or heard about previous events (how Bitcoin came from nothing to what it is now). Whatever is being discussed in this thread, not everyone who learn and apply the approach. In as much as it is very helpful and educative its not a criteria that participant of this thread will be successful. They will only be successful in their investment if they go about their investment the right way, at least practicing most of the things we have discussed here especially the DCA method and long term goals. Which has been very useful.
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Proty
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November 04, 2024, 09:34:10 PM Last edit: November 04, 2024, 09:54:00 PM by Proty Merited by JayJuanGee (1) |
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Agree with you. It is natural for investors to have differences as not everyone has the same mindset. But some investors who don't understand at first but realize it later. Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins. Bitcoin's value has steadily increased since its inception and this trend continues. That's why holding Bitcoin is definitely profitable. But surely an investor should not only consider the profit but also consider its positive and negative aspects and then invest.
He should also know how much he is qualified
You don't even need any qualification to be able to hold bitcoin. Bitcoin long term hold is open to everyone. The only thing needed is to have your money for investment. Aside this there is no other qualifications needed. Buy your bitcoin according to how you have programmed your DCA frequencies. or capable of long-term investment.
So what happens if he thinks he is not capable for long term investment? Should he then go for trading instead? For me all investors are capable of long term bitcoin investment. It's just about your mindset and your determination to hold bitcoin for a long time, at least 4 years. Bitcoin wasn't designed for some people to be capable of holding, while others are not. Bitcoin gave everyone a level playing ground. Wether you see yourself as being capable or not, is your decision alone. This is a long-term approach to investing in Bitcoin and by adding more elements (Discretionary income and floating cash) to it, you can protect your investment from the gamble called trading. This is going to be a successful journey for you where you have a successful combination of financial success with Bitcoin stacking. With a long term bitcoin plan if one does not have the ability to do so there should be no need for him to take risks as he should decide whether to stop versus taking short term risks even though the DCA method should exist for him and he is huge stash from any size savings can get. In order to get effective success from Bitcoin one should emphasize on depositing on a continuous basis and should have multiple or more depositing efforts than in one cycle (as you mentioned 4 years). Your success depends on getting a large holding by increasing your savings scope with discretionary income Here your mental strength and discretion can be taken as the criteria for success. No matter how much of contingency planning exercise we may have done in accumulating bitcoin and our continuous depositing in bitcoin through the dca strategy for one cycle or more is not a guarantee that our investment in bitcoin will be successfull that is why it is always adviceable to invest what you can afford to loose ,bitcoin investment is a good investment but still not a guarantee that our investment in bitcoin will be successfull after a cycle or two ,that is next 8-10yrs.
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Dailyscript
Full Member
 
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★Bitvest.io★ Play Plinko or Invest!
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November 04, 2024, 10:03:59 PM |
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It is impossible to buy and accumulate bitcoin all the time without being supported by stable finances. While the problem of inflation has not been resolved and the minimum wage that has not increased does not support a consistent accumulation plan. You need to adjust and save as often as possible, but don't do it if your body needs more nutritional intake. Just meet the needs of yourself and your family first, the rest is safe to invest regardless of building a short-term or long-term portfolio.
I strongly agree with this. Investors do neglect the importance of financial stability as a huge support to Bitcoin accumulation, and they also contradict it to being rich entirely. As an investor, it is important to have a solid financial foundation to avoid making wrong decisions and ensure sustainable investment. This doesn't mean we ought to be rich first before we can start our investment. What it means is that we need to be able to take care of other essential needs that require finance. Which has to do with our health, emergency funds, family needs, tuition and to mention a few. Ignoring this idea can lead to huge mistakes and affect our investment. It may lead to hunger for quick gains when we invest thereby affecting the long-term plans. Some investors go as far as over-investing at the expense of essential needs and end up being in financial hardship that we make them tap into their Bitcoin. The income must be steady, it could come from a good job, skill, or business. But one who is struggling to be financially stable need to hold on for sometime till he is ready. That's just it bro, financial stability is very much needed when investing in Bitcoin, but it's not a must that you must be rich, as long as you can afford your daily needs without stress, then I believe you are good to go. What it is a must to me is that you must invest what you can afford, an amount you can do away without for a very long period of time without falling back to it at some point, and to me, that's the ideal thing, as long as you can do away without it and you can still have an emergency fund in place during the rainy days, then their is nothing stopping you from accumulating Bitcoin through the DCA accumulating strategy, so as to be able to build a generational wealth overtime, because I believe that with the kind of huge potential Bitcoin has, I believe that it can do more than 10x in 10 to 20 years time from now. I agree with you here. Depending what will define to be rich in some cases, aside that there is no minimum amount for Bitcoin investment. Whatever the amount of money we have it is a good starting point but we have to be prepared. And what i mean by preparation is that we have to be stable financially. Knowing full well that we get some cashflow coming in weekly or monthly. Then through there we can use a certain percentage to invest in Bitcoin. As little as $10 we can start our investment which means nothing is too small. Bitcoin is a good investment. It is the best place to put our money, way better than saving it in the bank. Our profits in it depends on what will invest in it. The more we invest the more profit we get when we reach time for withdrawals. Its all about what we are able to accumulate overtime. ie; Bitcoin - invest- growth- time - profit
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Odohu
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November 04, 2024, 10:59:47 PM Merited by JayJuanGee (1) |
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I agree with you that holding is the most important thing in Bitcoin investment however not short term holding or trading but long term holding if we master the act of long term holding we will become successful investors, the reason why I decided to make it clear is because of newbies if one just say holding some set of newbie may think about short term holding or trading and which is very risky. The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become.
Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them. Short-term holding and trading is just the same thing because both require that the market vomits profit within a very short interval of time, it could be within few days or few months (like position trading). Trading is not only when it is done within a day or few days but could span months just like the case of position trading that can last for as long as four months to six months or more. So short-term investment is more or less trading. I just needed to point that out, not that I don't understand the point you are making. The person should have a target as there are times when you can just wake up after a long waiting and try to sell when the market is on bleeding level, which I don't consider a good one. Long-term holding and market target should also be considered.
Anyone that hesitate to sell this way probably invested might not have been fully prepared for long term investment but might just have purchased Bitcoin, set a selling price in his mind and was waiting for that price to reach so he will sell. My understanding of long-term investment goes beyond this as it is more organized and relaxing to hold for long-term without the urge to sell suddenly. I have also learnt through this forum that to succeed in holding Bitcoin for long, one must make appropriate plans for emergency funds that should be accessible in case of emergencies so that the investment will not be tampered with.
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to "non-custodial"
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November 04, 2024, 11:35:02 PM |
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Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them.
The newbie is right I don't think there is a different between short-term holding and trading they are just same thing since there objective will be to sell Bitcoin in a short time without accumulating and hodling for long is not even advisable to go into Bitcoin investment with the mindset of trading Bitcoin or for a short time because you might run at lost and the risk is much though people can choose what works for them. We should not be presuming that short term traders or traders are going to sell bitcoin at a loss, so they can enter into their bitcoin trade and then they sell at a profit. They make more dollars than they had previously. Surely, many of us understand that one of the greatest powers of bitcoin plays out over 4-10 years or longer, so those who are fucking around trading are not likely going to be losing money, even though they likely will not be able to put themselves in as strong of a financial position down the road as compared with those who figure out how to have bitcoin included into something that they likely continue to hold onto, and who don't start to sell any of their BTC until much further down the road.. including that sales of BTC may well still end up being measured, and the asset that is sold ONLY after running out of other kinds of cash or assets to sell first. So people can do whatever they want, including getting caught up into the group of people who ended up selling way too many bitcoin too soon, rather than staying focused on NOT selling any bitcoin until they have accumulated enough, and/or more than enough, which can take quite a few years, including 4-10 years or more to get to such levels of BTC accumulation. The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become.
Having a long-term target while investing in bitcoin is the best for any good investor but it doesn't really reduce the risks of losing because since bitcoin is a high volatile coin, volatility can push the price downwards at a time when an investor feels that the number of years he had in target has come, so it may be at a time when the price is experiencing a DIP due to an event that may occur at that particular period of time which means he has to be more patient in order to allow the price bounce back which is some cases, the investor may feel he is spending a lot of time waiting for the price to gain strength again which can make him to panic in fear that he may incur more losses if he waits further. This is one of the reasons while i feel people should not set the number of years they want to hold their bitcoin before they consider to sell part of it because it can appear at a time when the market is bleeding. I think the major reason why we hold for long is to build our portfolio and not specifically on profits making. When we start to get reasonably close to our goal, we might start to get stressed which may well be a sign of over accumulation, and surely it may be better to start to shave off some profits here and there rather than NOT. None of us can really tell anyone else how much to allocate in those kinds of ways, even though it appears to me that guys sometimes will get too caught up in BTC's spot price, which can fly all over the place, and I personally believe that valuating based on the 200-WMA gives much sounder estimations of value and potentially can also help guys with the employment of price based and/or time based sustainable withdrawal systems, even if they might start employing such withdrawal systems prior to their reaching fuck you status (or whatever might be their BTC accumulation and/or over-accumulation goals). There can be a bit of a contradiction of ideas, since sometimes guys have to be careful when they have so much of their networth in bitcoin and if they have been in bitcoin for a couple of cycles, then if they have not diversified into other assets, they may end up reach some status of having had invested more than they can afford to lose, while at the same time not having had yet reached their BTC accumulation goal or over accumulation... so it can be difficult to describe being in this kind of a situation in generalized ways since each of us likely has to figure out that we are not causing too much emotion for ourselves in regards to out bitcoin investment, even if we also might be trying to reach a status of reaching our accumulation target and/or a target of being in a status of overaccumulation that frees us to be able to sell extra BTC without having to worry that we no longer have enough. I cannot really say how each guy needs to balance out these factors, since we should try to set up scenarios that we are not becoming emotional about our investment, so in that sense we might need to either shave some off or sometimes invest in other things and just let the clock run while there are up and down waves along the way, and if we get to the time that we need to start to withdraw from our BTC, but BTC is in a dip phase, then either we modify our withdraw amount or we delay our withdrawal amount or maybe we have other assets that we can draw from during the time that the BTC price might be in a dip.. yet is also seems that if we have been in bitcoin for a couple of cycles, even if the BTC price is in dip, we still likely should stil be in good profits.. yet none of that part about being in profits is guaranteed, either.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Pi-network314159
Sr. Member
  
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In love serve one another
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November 05, 2024, 12:19:57 AM Merited by JayJuanGee (1) |
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Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them.
The newbie is right I don't think there is a different between short-term holding and trading they are just same thing since there objective will be to sell Bitcoin in a short time without accumulating and hodling for long is not even advisable to go into Bitcoin investment with the mindset of trading Bitcoin or for a short time because you might run at lost and the risk is much though people can choose what works for them. We should not be presuming that short term traders or traders are going to sell bitcoin at a loss, so they can enter into their bitcoin trade and then they sell at a profit. They make more dollars than they had previously. That's actually true, even though we presume that HODLing bitcoin for a longer time of maybe 10 - 20 years is good, but doesn't mean that a person who buy and HODl for 5 years can't make a decent amount. A person might buy bitcoin when its dip and HODl for a short time of maybe 4-5 years and decide to sell when the price has increased and will make profit. Even though the profit was not hug as compeard to a long time investment, but atleast we can not totally say there in no profit in short term investment. So people can do whatever they want, including getting caught up into the group of people who ended up selling way too many bitcoin too soon, rather than staying focused on NOT selling any bitcoin until they have accumulated enough, and/or more than enough, which can take quite a few years, including 4-10 years or more to get to such levels of BTC accumulation.
I think those who decided sell too many bitcoin to soon are baby bitcoin holders or will I say they are faithless bitcoin HODLers who has no permanent decition who can be swindle by the wind of speculation to accepting any News from some so-called prediction expert that made them sell quickly. But that is at there own detriment, I believe HODLing bitcoin is a matter of choice and I don't think HODLing bitcoin is for everyone no matter how we preach it. Just that we have to continue saying the truth until most people are totally fee from the danger of gambling or selling way too quickly.
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JayJuanGee
Legendary
Online
Activity: 4158
Merit: 12639
Self-Custody is a right. Say no to "non-custodial"
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November 05, 2024, 03:57:26 AM |
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Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them.
The newbie is right I don't think there is a different between short-term holding and trading they are just same thing since there objective will be to sell Bitcoin in a short time without accumulating and hodling for long is not even advisable to go into Bitcoin investment with the mindset of trading Bitcoin or for a short time because you might run at lost and the risk is much though people can choose what works for them. We should not be presuming that short term traders or traders are going to sell bitcoin at a loss, so they can enter into their bitcoin trade and then they sell at a profit. They make more dollars than they had previously. That's actually true, even though we presume that HODLing bitcoin for a longer time of maybe 10 - 20 years is good, but doesn't mean that a person who buy and HODl for 5 years can't make a decent amount. A person might buy bitcoin when its dip and HODl for a short time of maybe 4-5 years and decide to sell when the price has increased and will make profit. Even though the profit was not hug as compeard to a long time investment, but atleast we can not totally say there in no profit in short term investment. Ultimately people can do whatever they like, including that they could come into bitcoin by presuming that they were going to trade and then convert their plan into an investment or the opposite they can come in planning to invest for 4-10 years or longer and decide to abandon ship. Frequently when we are discussing what people should or should not do, we may well be creating some presumptions about what bitcoin is good for on a general level rather than trying to tell individuals what to do, since people can do whatever they want, including dumb stuff which tends to be trying to trade bitcoin rather than investing into it. Another thing is that if a person is really trying to transition from a poor, mediocre or even normal person (or even a desperate person which may well be the status of a lot of people who are subjected to various ongoing debasement of the dollar/fiat), then they are most likely going to be way better off to create and to follow through with a long bitcoin plan rather than fucking around trying to get in and out of bitcoin and failing/refusing to see the long term value of bitcoin rather than wanting to get their short-to-medium term payoff in dollars (or whatever might be their fiat currency). .. so yeah, there are all kinds of ways to measure profits, and surely there have been profitable people all the way up the history of bitcoin who were profitable in dollars and ended up selling way too much of their bitcoin too soon because they were too busy thinking about their short term profits, which sure they still may have done quite well.. .. but still they might not even be close to a good place in comparison to where they could have had been, and that is their choice to end up fucking themselves over and realizing that later down the road.. "whoops.. I sold too much bitcoin too soon." Do you need an example? Let's say there were a couple of guys who got into bitcoin about 10 years ago, so around November 2014 and perhaps the guys were in their early 40s at that time, and so one of them largely accumulated and sold small amounts along the way (Hypothetical 1) and the other one (Hypothetical 2) sold too many BTC too soon. Let's say that both of them largely accumulated bitcoin for 6 years, so they were pretty aggressive about their BTC investment and bought about $150 worth of BTC for every week for those six years and then so each of them invested around $47k and they accumulated right around 55 BTC... so surely not bad.... Perhaps Hypothetical 1 might have sold around 10 of his BTC at various points after November 2020, so he still has around 45 BTC, yet hypothetical 2, decided to sell all of his BTC around November 2020 because he was just too stressed about his BTC, and surely he was able to get $20k each of of his BTC, so hypothetical 2 ended up getting over $1 million for his BTC, and he was able to buy some property, cars and even go on a few vacations for experiences.. He had to pay taxes too.. but sure, he still had decently good sized profits from his having had accumulated BTC for 6 years and he deserved a reward, no? I personally believe that Hypothetical 1 would have had been much better off than Hypothetical 2 because he largely just hung onto most of his coins, but hey whatever guys can do what they like and they can follow whatever plan that they like in terms of how they might decide to manage their BTC once they reach their accumulation goal. I also think that selling large portions of your BTC is dumb, even though people can do what they like including that they may well still be in quite large profits from their decision to get into bitcoin and to get out (so they profited a lot by having had been in bitcoin), even though they end up making the wrong choice in regards to how to manage their BTC once they had spent so much time, energy and even value building up their BTC holdings over several years. How are you going to manage your coins if you get into a situation like these two guys after 6 years accumulating and feeling that you have reached your BTC accumulation goals? So people can do whatever they want, including getting caught up into the group of people who ended up selling way too many bitcoin too soon, rather than staying focused on NOT selling any bitcoin until they have accumulated enough, and/or more than enough, which can take quite a few years, including 4-10 years or more to get to such levels of BTC accumulation.
I think those who decided sell too many bitcoin to soon are baby bitcoin holders or will I say they are faithless bitcoin HODLers who has no permanent decition who can be swindle by the wind of speculation to accepting any News from some so-called prediction expert that made them sell quickly. But that is at there own detriment, I believe HODLing bitcoin is a matter of choice and I don't think HODLing bitcoin is for everyone no matter how we preach it. Just that we have to continue saying the truth until most people are totally fee from the danger of gambling or selling way too quickly. It seems that you are leaning in the right direction, yet each of us should be able to appreciate the temptation to cash out too many BTC too soon and sometimes the various kinds of measurements are not really clear while we are in the middle of the process with ongoing questions regarding whether we should cash out or hold or continue to accumulate and even if we have reached the conclusion that we believe that we have accumulated enough BTC, there can be dilemmas in regards to how to manage our holdings or how we might decide to carry out any kind of plan to start withdrawing bitcoin and if there might be price based withdrawals and/or time based withdrawals, and surely we still might have cashflow coming in from other sources, yet we also might be inclined to pull the fuck you lever, which is a way to move onto not having to work anymore, yet at that point, we might have to figure out if we really have enough bitcoin or if we might transition into living off our bitcoin in a more gradual way rather than completely finding our cashflow sources dry up (and sometimes we might not have a choice about some of our cashflow sources drying up). And, if we are in our 50s like the example above, then we might mnot want to have to necessarily look for new work.. and bitcoin may or may not give us such an option, and we may or may not quite be ready to completely live off of our bitcoin.. including maybe we still have some income coming in and we might want to continue to build up our bitcoin holdings prior to starting to engage in any kind of selling of our stash.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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