Buy Buy Buy or Sell Sell Sell?

[batang_bitcoin]

Also to succeed in investing with alternative income systems regardless of cost the constant DCA strategy can be ideal strategy for people of every income with the potential to get huge holdings. From my experience, I mainly get the right idea about investing from these threads and apply the investment strategy myself.

These threads and people that starts it and JJG that gives suggestion and thoughts about the matter of importance of DCA and other investing techniques are very helpful to those that are just searching on the web and trying to think what they are up to. Without any other source of income, one should start having himself some source before following these good techniques and investing style that have been suggested not just on this thread but also in every other thread that someone can find through the forum.

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

I've encountered several people that talked that way. They think that they can replace their jobs and stuff by investing on Bitcoin by just starting out. They have the wrong impression about Bitcoin at the beginning thanks to the people that hypes Bitcoin as an investment that way which shouldn't be.

If a person spends 4 years or more building his bitcoin holdings, then perhaps he might consider trading or ways that he might earn income off of his bitcoin holdings, yet even that could be problematic if the BTC stash is not of a sufficiently adequate size.

I agree, I am on this position as well. Taking some profits off my holdings and it's up to me whether I'd go further with trading or just sit and relax watching how my port grows and try to take and slash profits out of it every now and then that wouldn't hurt that much my holdings. But yeah, for those that with lesser sizes on their btc stash, they have to make a deal breaker for themselves before doing so.

[ultrloa]

These threads and people that starts it and JJG that gives suggestion and thoughts about the matter of importance of DCA and other investing techniques are very helpful to those that are just searching on the web and trying to think what they are up to. Without any other source of income, one should start having himself some source before following these good techniques and investing style that have been suggested not just on this thread but also in every other thread that someone can find through the forum.

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

If a person spends 4 years or more building his bitcoin holdings, then perhaps he might consider trading or ways that he might earn income off of his bitcoin holdings, yet even that could be problematic if the BTC stash is not of a sufficiently adequate size.

Problematic for the fact that they expect to much with bitcoin, then think about unrealistic gains in short time period. That's why many of those people got blow up their investment because they believe on quick richest schemes without realizing that its hard to make everything sustainable for short time period especially if they invest on volatile asset which hard to predict its next possible movement.

See so many times a trader lose all they have by committing single mistake and to bad for those people if they experience the same since even if they are experience for doing such thing this incident might provably happen to them.

They could find good videos towards this incident in youtube and try to see for their selves about traders who blow their accounts and maybe they learn something. That's why I like the idea about bitcoin holding then do DCA since it always give us less pressure and huge chance to succeed for gaining profits in future.

[Odohu]

Well said, everyone has more or less basic knowledge about Bitcoin before registering on the forum. Maybe many people think that newbies register with little knowledge but actually many newbies are found to be very experienced about Bitcoin. As Bitcoin is a huge topic, I think everyone from seniors to newbies in the forum should study the topic of Bitcoin properly and create an environment for newbies to come forward in the forum so that even newbies can reach the pinnacle of Bitcoin discussions.

I think forums are not the only place to learn about Bitcoin or Crypto. In the age of the internet, it is not difficult to learn anything. I think we all come together on forums to share our little knowledge with others and increase our knowledge. Isn't that right?

You are correct that the forum is not the only place to learn about bitcoin. There's nothing wrong if you want to seek bitcoin knowledge elsewhere; it might help you increase your knowledge about bitcoin, but the knowledge that is shared in the forum will help you a lot because most people here are accumulating bitcoin, and sometimes the things they say are from their experience in accumulating bitcoin, which will guide you in accumulating bitcoin in such a way it will not stop you from sorting out your daily expenses, which might get you off the game, partially or permanently. You are a newbie to the forum, but I want you to understand that most people in the forum have vast amounts of knowledge about bitcoin, so stop saying what you are not sure of and concentrate on learning about bitcoin if bitcoin is of your interest. And stop saying crypto in a bitcoin discussion section. If you are interested in talking about crypto, there is a section for that in the forum. You can go there and talk about crypto.

This forum may not be the only place to learn about Bitcoin but here is a great place and the best place to learn about Bitcoin. Being the first platform created for Bitcoin, it hosts people who have had unparalleled knowledge and experience of Bitcoin and who have followed its development, criticism, hype and what have you. What is most important is that you have such great human assets active here in this forum and willing to share their knowledge free of charge, besides you have the privilege of asking them questions and getting speedy answers just like what JJG is doing here. The resources here are priceless and you never can tell what privilege it is to be part of this forum because not everyone have such opportunity yet.

By following the wisdom and guidance of the experienced members of this forum, people have learnt various ways of going about investing in Bitcoin and holding it for the greater benefit, these information you can rarely find in an organized and directly from the source like we have here. Therefore, we should give some credits to this forum and all that if offers us for free.

[Tungbulu]

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

If a person spends 4 years or more building his bitcoin holdings, then perhaps he might consider trading or ways that he might earn income off of his bitcoin holdings, yet even that could be problematic if the BTC stash is not of a sufficiently adequate size.

Well this only be proves one thing, and that’s the fact that no one can accurately predict the Bitcoin market or its price movement within the short term, sometimes predicting within the Long term may even seem somewhat difficult and that’s just the nature of the market, but most people have not really come to the realization of this fact and that’s why many of them delve into trading and attempting to predict the short term price movements, and the worse of it all is that that go in with almost 100% of their Bitcoin holding, probably due to impatience or seeking for easy profits and income.

Solely relying and depending on Speculations for income can in most cases be very misleading, and it takes even a longer period of time and experience to be able to tailor and develop a profitable strategy in both trading and HODLing.
But the truth still remains that accumulating and building Bitcoin holdings via long term investment still remains the best way to get involved in Bitcoin and should at all time take precedence over trading. But just like you pointed, if one must trade, it’s very important to play safe by limiting one’s exposure to at least 10% (or even less) of one’s total holdings, and very important, even if it’s not certain that one can absolutely and accurately predict the market at all time, at least make sure that you’re able to generate consistent profits before even relying on it as a primary source of income because not everyone are able to generate consistent returns and income from trading due to the complexity of the market and the volatility of the asset.

[SuperBitMan]

Also to succeed in investing with alternative income systems regardless of cost the constant DCA strategy can be ideal strategy for people of every income with the potential to get huge holdings. From my experience, I mainly get the right idea about investing from these threads and apply the investment strategy myself.

These threads and people that starts it and JJG that gives suggestion and thoughts about the matter of importance of DCA and other investing techniques are very helpful to those that are just searching on the web and trying to think what they are up to. Without any other source of income, one should start having himself some source before following these good techniques and investing style that have been suggested not just on this thread but also in every other thread that someone can find through the forum.

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

I've encountered several people that talked that way. They think that they can replace their jobs and stuff by investing on Bitcoin by just starting out. They have the wrong impression about Bitcoin at the beginning thanks to the people that hypes Bitcoin as an investment that way which shouldn't be.

The only time one can replace there Bitcoin investment to there jobs is when they hit a fuck you stage this is a point where they have accumulated so much Bitcoin that can take care of them and there family, except hitting this stage in one's Bitcoin investment one should hold on to his or her job be it a trader or a holder.
Some set of people says since they are traders they don't need a source of income that trading is there source of income, we all know trading is very risky and anything can happen no matter how good you are in trading you will surely lose one day because the market may decide not to be in your value, there are some point were a trader start taking loans just to settle bills at home on the hope that his prediction will work as predicted and when that those not happen it becomes a big problem to him and before you know it he start selling his properties in other to pay back those loans in other to avoid all this keep your job and take your Bitcoin investment as your side hustle and if you must trade risk only 10 percent of your discretionary income however accumulating and holding is less risky.

If a person spends 4 years or more building his bitcoin holdings, then perhaps he might consider trading or ways that he might earn income off of his bitcoin holdings, yet even that could be problematic if the BTC stash is not of a sufficiently adequate size.

I agree, I am on this position as well. Taking some profits off my holdings and it's up to me whether I'd go further with trading or just sit and relax watching how my port grows and try to take and slash profits out of it every now and then that wouldn't hurt that much my holdings. But yeah, for those that with lesser sizes on their btc stash, they have to make a deal breaker for themselves before doing so.

If someone has been consistent in his or her accumulation and holding for 4 years and above there's nothing wrong in taking some profit from from his Bitcoin investment, the only wrong thing is selling everything and start all over again.
Some people are always tempted to dip hands into there Bitcoin investment and the reason for that is because they are facing some financial challenges if someone has money to settle his financial issues when ever they come up they won't dip hands into there Bitcoin investment so having a good source of income and also backup funds helps one prevent dipping hands into his Bitcoin investment.

[DubemIfedigbo001]

Personally, I believe there is a lot to learn in this forum more easily than the internet because the forum have several boards and suboards on various discussions on bitcoin. However, one thing that I know you cannot learn easily and do it rightly in the beginning is investing in bitcoin, because many of us was guided on how to invest in bitcoin in this forum in a way that if we stick to, we would benefit from our bitcoin investment in future and not run at loss.

Everything this thread is talking about on bitcoin investment cannot be gotten easily from the internet and thank God for brilliant bitcoin OG investors like JJG, that has being around the forum to teach and put new bitcoin investors through on how to start their bitcoin investment with the righy strategy and also motivating you to get started easily. I think if you ask me the best thing that I have gained for being a member here after the knowledge is that I am on my bitcoin investment journey which I will not stop buying till I reach my bitcoin target.

I wouldn't have known and understand how to use the three bitcoin accumulation strategy which is DCA, lump sum and buy at dip at the right time. Maybe, I might be doing the wrong thing if not for this forum. Knowing the best self custody wallet to use for your bitcoin and how to keep your bitcoin safe is also easy learning from here, because there is room for discussions and ask questions.

Yeah buddy, this forum is a very significant learning ground for all or at least most of us and the good thing is that we improve everyday in our knowledge about Bitcoin investment and investor discipline that helps in remaining committed to our ongoing accumulation journey.

One thing that really helps us understand more on matters discussed here is practicality. When we practice these things, we tend to learn better about Bitcoin investment, the benefits and challenges that comes with being a dedicated and committed investor, remain disciplined and reach maturity on our investments. I must agree that  practicing DCA with commitment helped me take charge of my finances, reduced funds wastage, helped me build backup emergency funds and gave me a sense of security about my future financially. It also made me want to make more money in order to be more aggressive with my investments.

Most of us came here with the wrong mindset about Bitcoin investment, but we've been opportuned to unlearn the wrong things and learn the correct approaches to being good Bitcoin investors. I read some books about Bitcoin including it's whitepaper, but I never gained as much knowledge about Bitcoin like I did from the forum

[batang_bitcoin]

I've encountered several people that talked that way. They think that they can replace their jobs and stuff by investing on Bitcoin by just starting out. They have the wrong impression about Bitcoin at the beginning thanks to the people that hypes Bitcoin as an investment that way which shouldn't be.

The only time one can replace there Bitcoin investment to there jobs is when they hit a fuck you stage this is a point where they have accumulated so much Bitcoin that can take care of them and there family, except hitting this stage in one's Bitcoin investment one should hold on to his or her job be it a trader or a holder.
Some set of people says since they are traders they don't need a source of income that trading is there source of income, we all know trading is very risky and anything can happen no matter how good you are in trading you will surely lose one day because the market may decide not to be in your value, there are some point were a trader start taking loans just to settle bills at home on the hope that his prediction will work as predicted and when that those not happen it becomes a big problem to him and before you know it he start selling his properties in other to pay back those loans in other to avoid all this keep your job and take your Bitcoin investment as your side hustle and if you must trade risk only 10 percent of your discretionary income however accumulating and holding is less risky.

I am pretty sure that many of the forum members are on that stage where they can wholly quit their jobs and can have a simple life doing things that they love, they're the people that have the most freedom. And about traders, that's so true, I've known people in real life that are trading 100% as their full time job, they're profitable but they're incomparable to the ones who have acquired on the early days of BTC and have quite a lot of BTCs on hold.

If someone has been consistent in his or her accumulation and holding for 4 years and above there's nothing wrong in taking some profit from from his Bitcoin investment, the only wrong thing is selling everything and start all over again.
Some people are always tempted to dip hands into there Bitcoin investment and the reason for that is because they are facing some financial challenges if someone has money to settle his financial issues when ever they come up they won't dip hands into there Bitcoin investment so having a good source of income and also backup funds helps one prevent dipping hands into his Bitcoin investment.

This is what hit me before. To be honest, I have accumulated quite a lot in the past and then sold almost everything but then, I was able to recover it and started to realize that I shouldn't be doing that whenever I sell because BTC is a life changing asset and anyone who holds it gets the freedom that they want, financially and emotionally.

[EclipseXcrypto]

I think forums are not the only place to learn about Bitcoin or Crypto. In the age of the internet, it is not difficult to learn anything. I think we all come together on forums to share our little knowledge with others and increase our knowledge. Isn't that right?

Yes agreed but this is the place where it all started and I think that there is a reason why this place existed. Even Satoshi Nakamoto has an account in this place because he knew that this is the place to get credible and reliable information and knowledge about bitcoin. You can learn about bitcoin in YouTube and wherever, but it can never be the same as the way it will be in this place. Here you have access to different people contributing their knowledge about bitcoin and most of these people don't have YouTube channels. So if you rely on YouTube alone, you will miss out on their wealth of knowledge.

Mind you most of the guys you see posting and talking about bitcoin in YouTube do come here copy contents to post and talk about in their channels. Like it or not, there will be a big difference between the person who dedicate his time to learn about bitcoin here in this forum, and someone who rely on YouTube and other means to learn about bitcoin. Here you can always ask question whenever you have any or confused about a particular subject and you will get answers from different people who are more knowledgeable about your questions. But in those other places like YouTube you don't have that opportunity to ask any questions. Here is more like an interactive session with others.

The interactive nature of this forum makes a huge difference. While YouTube has its benefits but it can't match the real time discussions and the ability to ask questions and get immediate feedback from knowledgeable members of the forum. It's like having a live classroom where everyone contributes their thoughts, which really enhances the learning experience. That depth of engagement in the forum, is what sets this forum apart. The knowledge from this forum can be incredibly reliable for succeeding as an investor, One can truly thrive with the knowledge gained from this forum. It's all about applying it effectively, the insights and strategies shared here can empower anyone to make good decisions and succeed as an investor in Bitcoin.  When you combine the insights from various contributors with your own research and strategies, it really sets a solid foundation for making good decisions in your Bitcoin journey.

[Ruttoshi]

even if it’s not certain that one can absolutely and accurately predict the market at all time, at least make sure that you’re able to generate consistent profits before even relying on it as a primary source of income because not everyone are able to generate consistent returns and income from trading.

I don't think that it's possible for any trader to be making consistent profits everyday because it's hard to predict the price movement of bitcoin accurately, and in the long run such trader will run at loss. A trader will not also have a good size of bitcoin portfolio in future because he's only buying and selling to make short-term profits. This is one of the reason why I don't see anything good in trading, because it's only for the moment.

Investing in bitcoin for long-term and hodli is the best, because it shows that you are matured enough to plan for your future and you don't want to waste your youthful age tolling for fun, rather because you believe in bitcoin, you decided to save the value of those funds that you are getting for the future by investing in bitcoin to safe the value of your savings and in return bitcoin gives you an additional funds for trusting in it which is your profit.

Anyone that has plan to live off his pension at old age, or doesn't want to continue the rat race at old age will understand the opportunity that bitcoin is bringing to his door step to solve such problem if only he can take the advantage now and invest and grow his bitcoin portfolio for the future because the opportunity bitcoin has to transform your financial status from one level to a higher one is real. Trading is the opposite.

[Miles2006]

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

I've encountered several people that talked that way. They think that they can replace their jobs and stuff by investing on Bitcoin by just starting out. They have the wrong impression about Bitcoin at the beginning thanks to the people that hypes Bitcoin as an investment that way which shouldn't be.

The only time one can replace there Bitcoin investment to there jobs is when they hit a fuck you stage this is a point where they have accumulated so much Bitcoin that can take care of them and there family, except hitting this stage in one's Bitcoin investment one should hold on to his or her job be it a trader or a holder.
Some set of people says since they are traders they don't need a source of income that trading is there source of income, we all know trading is very risky and anything can happen no matter how good you are in trading you will surely lose one day because the market may decide not to be in your value, there are some point were a trader start taking loans just to settle bills at home on the hope that his prediction will work as predicted and when that those not happen it becomes a big problem to him and before you know it he start selling his properties in other to pay back those loans in other to avoid all this keep your job and take your Bitcoin investment as your side hustle and if you must trade risk only 10 percent of your discretionary income however accumulating and holding is less risky.

You don’t have to add trade and investing in same category, there’s a lot of different between both probably we all know trading is more risky and it’s not worth my funds especially when someone is not knowledgeable it makes things more worst. In as much as we don’t know what might happen in years to come concerning our investment we should be more careful mostly to an extend whereby an investor decides to quit their job because they’ve gotten much. It’s not an advise rather I will suggest they continue with their job likewise investing, there’s no limit when it comes to investing except few decides to take break for a while and all this still requires money for other personal needs. Just imagine replacing a job for bitcoin investment , no matter how high they’ve gotten the investment can crash under probability because one will be forced to depend only on the profit. In summary it’s absolutely wrong putting bitcoin investment in place of a job.

[inearth]

I think forums are not the only place to learn about Bitcoin or Crypto. In the age of the internet, it is not difficult to learn anything. I think we all come together on forums to share our little knowledge with others and increase our knowledge. Isn't that right?

Yes agreed but this is the place where it all started and I think that there is a reason why this place existed. Even Satoshi Nakamoto has an account in this place because he knew that this is the place to get credible and reliable information and knowledge about bitcoin. You can learn about bitcoin in YouTube and wherever, but it can never be the same as the way it will be in this place. Here you have access to different people contributing their knowledge about bitcoin and most of these people don't have YouTube channels. So if you rely on YouTube alone, you will miss out on their wealth of knowledge.

Mind you most of the guys you see posting and talking about bitcoin in YouTube do come here copy contents to post and talk about in their channels. Like it or not, there will be a big difference between the person who dedicate his time to learn about bitcoin here in this forum, and someone who rely on YouTube and other means to learn about bitcoin. Here you can always ask question whenever you have any or confused about a particular subject and you will get answers from different people who are more knowledgeable about your questions. But in those other places like YouTube you don't have that opportunity to ask any questions. Here is more like an interactive session with others.

The interactive nature of this forum makes a huge difference. While YouTube has its benefits but it can't match the real time discussions and the ability to ask questions and get immediate feedback from knowledgeable members of the forum. It's like having a live classroom where everyone contributes their thoughts, which really enhances the learning experience. That depth of engagement in the forum, is what sets this forum apart. The knowledge from this forum can be incredibly reliable for succeeding as an investor, One can truly thrive with the knowledge gained from this forum. It's all about applying it effectively, the insights and strategies shared here can empower anyone to make good decisions and succeed as an investor in Bitcoin.  When you combine the insights from various contributors with your own research and strategies, it really sets a solid foundation for making good decisions in your Bitcoin journey.

This forum is an educational environment, where all professional and experienced members help all the newbies, a newbie can gain much better knowledge about crypto from this forum which he can't get from other places like youtube videos. Through the advice of professional and experienced members in this forum we can understand crypto more deeply. However, you must try yourself. We can get the complete idea of ​​investing in Bitcoin from a thread in this forum. I have been on this forum for a while, before coming on this forum I didn't know much about bitcoin investing, but after researching this forum for a few days I got a better understanding of bitcoin. So we can take this forum as a guideline to learn crypto well.

[Pi-network314159]

I think forums are not the only place to learn about Bitcoin or Crypto. In the age of the internet, it is not difficult to learn anything. I think we all come together on forums to share our little knowledge with others and increase our knowledge. Isn't that right?

Yes agreed but this is the place where it all started and I think that there is a reason why this place existed. Even Satoshi Nakamoto has an account in this place because he knew that this is the place to get credible and reliable information and knowledge about bitcoin. You can learn about bitcoin in YouTube and wherever, but it can never be the same as the way it will be in this place. Here you have access to different people contributing their knowledge about bitcoin and most of these people don't have YouTube channels. So if you rely on YouTube alone, you will miss out on their wealth of knowledge.

Really? I don't think Satoshi owning an account in this forum is to learn about bitcoin. Rather to connect the lovers of bitcoin together and to make the bitcoin triangle to expand and circulate around the world. also for people to contribute positively to the success or the betterment of bitcoin just like  bitboy who redesign bitcoin logo to the current one. Another purpose of Satoshi coming to the forum is to enlighten people about things they don't know about bitcoin.

[Frankolala]

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

I've encountered several people that talked that way. They think that they can replace their jobs and stuff by investing on Bitcoin by just starting out. They have the wrong impression about Bitcoin at the beginning thanks to the people that hypes Bitcoin as an investment that way which shouldn't be.

The only time one can replace there Bitcoin investment to there jobs is when they hit a fuck you stage this is a point where they have accumulated so much Bitcoin that can take care of them and there family, except hitting this stage in one's Bitcoin investment one should hold on to his or her job be it a trader or a holder.
Some set of people says since they are traders they don't need a source of income that trading is there source of income, we all know trading is very risky and anything can happen no matter how good you are in trading you will surely lose one day because the market may decide not to be in your value, there are some point were a trader start taking loans just to settle bills at home on the hope that his prediction will work as predicted and when that those not happen it becomes a big problem to him and before you know it he start selling his properties in other to pay back those loans in other to avoid all this keep your job and take your Bitcoin investment as your side hustle and if you must trade risk only 10 percent of your discretionary income however accumulating and holding is less risky.

You don’t have to add trade and investing in same category, there’s a lot of different between both probably we all know trading is more risky and it’s not worth my funds especially when someone is not knowledgeable it makes things more worst. In as much as we don’t know what might happen in years to come concerning our investment we should be more careful mostly to an extend whereby an investor decides to quit their job because they’ve gotten much. It’s not an advise rather I will suggest they continue with their job likewise investing, there’s no limit when it comes to investing except few decides to take break for a while and all this still requires money for other personal needs. Just imagine replacing a job for bitcoin investment , no matter how high they’ve gotten the investment can crash under probability because one will be forced to depend only on the profit. In summary it’s absolutely wrong putting bitcoin investment in place of a job.

It's only traders that can be so dumb to the point of quitting their job and go full time on trading because trading is stressful and time consuming, when they begin to see little profits, they might feel it is better off than going to their primary job. Just as trading in the long will lead to big losses, is the same way that if you make trading your primary job, you will be disappointed and end up in regrets because you are gambling with your future and don't know your left from your right.

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

[JayJuanGee]

[edited out

But just like you pointed, if one must trade, it’s very important to play safe by limiting one’s exposure to at least 10% (or even less) of one’s total holdings, and very important, even if it’s not certain that one can absolutely and accurately predict the market at all time, at least make sure that you’re able to generate consistent profits before even relying on it as a primary source of income because not everyone are able to generate consistent returns and income from trading due to the complexity of the market and the volatility of the asset.

Of course, each person can do what they want, and I suggest no more than 10%, and even 10% may well be too much, yet one of the problems of trading/gambling is that there is a cascading effect that keeps luring them towards wanting to use more and more and more in order that their profits can be "meaningful" and they are not satisfied with $100 in profits, they want $1k... etc etc etc.. and  they keep pushing it.. more and more so there is almost no way that they won't end up losing at some point.

One thing is having a solid outside income source, then that can help to provide an income to live off of, and then to continue to build the bitcoin investment portion and/or trading portion...  in that way they are not having to take money out of their bitcoin holdings in order to support themselves... whither it is taking from their investment part or from their trading portion....      The larger they build their BTC portfolio, then the more options that they have, even if they might keep one portion as a kind of passive income portion, another portion as long term growth (just keep adding BTC to it) and then another portion to trade.. .. and so a tricky part can be to keep their trading portion growing and then maybe even to take from their trading portion from time to time to add to the investment part of their BTC holdings.

Many problems can be resolved once the living income can be set to the side.. or kept separate from the trading portion... and there surely can be guys who are able to make these sustainable, and even to deviate from capital size techniques that I suggest, and surely if they are actually skillful versus just lucky might end up being a question that is difficult to answer without a long passage of time, yet I would imagine if a guy has separate funds for trading, for investing and living off of, then it is more likely that he is able to demonstrate that he is successful if he has those funds set up in sustainable kinds of ways and they are of sufficient size to provide for all of his needs.

If someone has been consistent in his or her accumulation and holding for 4 years and above there's nothing wrong in taking some profit from from his Bitcoin investment, the only wrong thing is selling everything and start all over again.
Some people are always tempted to dip hands into there Bitcoin investment and the reason for that is because they are facing some financial challenges if someone has money to settle his financial issues when ever they come up they won't dip hands into there Bitcoin investment so having a good source of income and also backup funds helps one prevent dipping hands into his Bitcoin investment.

This is what hit me before. To be honest, I have accumulated quite a lot in the past and then sold almost everything but then, I was able to recover it and started to realize that I shouldn't be doing that whenever I sell because BTC is a life changing asset and anyone who holds it gets the freedom that they want, financially and emotionally.

It is difficult to get out of the mindset of wanting to sell large amounts of BTC, so frequently a guy will see something like 5x or greater profits in dollars and then want to lock them in, but then later realize that he sold too many BTC too soon since he was not able to buy back lower and then he might even end up spending the BTC on inferior assets or consumption items.

Sometimes we can still end up making mistakes of selling too much too soon, but we might still be better off because we end up in a bit more or a diversified situation, as long as we ended up hanging onto a large majority of our bitcoin, yet even that can be quite difficult to figure out how to do it, and not end up selling too much too soon in the context of still building towards our entry-level fuck you status.. or even getting to multiples of our fuck you status.

So if I look at your forum registration date, and I see early 2016, so you could have had some good BTC accumulation possibilities in 2016, but still it can be scary to really accumulate bitcoin during those times and then also you might not have had gotten even lose to your entry-level fuck you status in 2017, even though the BTC price went up close to 50x during that time from $420 to $19,666.. .. .. yet it still can be difficult to get in at the bottom, and even if you ended up with an average cost of $1k per coin, you might have had been tempted to sell way too much too soon.. so then if you get back on track and you accumulate from 2018 through 2020, then you could have had been in a good spot for the 2021 price run.... but then there can be a lot of tinkering around, if you are not concentrating on accumulating bitcoin and making sure that you get enough or  more than enough prior to starting to sell any... since the top of the 2021 run was right around $69k, it was not quite as high (in terms of percentage moves) as compared with 2017, yet the 2022 dip was quite disheartening in terms of how much time we ended up spending below the 200-WMA... yet through all of this time, there could have had been opportunities for you to have had gotten enlightened based on your past experiences, and perhaps you learned to accumulate bitcoin rather than to be trying to trade it or trying to get short-term profits.

I am not going to proclaim any of these kinds of matters are easy, which is frequently that I try to suggest to both newbies and to experienced bitcoiners to continue to concentrate on accumulating bitcoin until you are quite sure that you have enough and better yet if you can clearly figure out a way to assess that you have more than enough (and better if you use the 200-WMA as your BTC portfolio valuation method rather than spot price), then if you can figure out that you have more than enough, then you are in a better position to start to sell, and still depending where you are at, you want to make sure that you don't oversell, since you should ONLY be selling from your "overaccumulation" amount and not from your base BTC stash.

And once you really get to a place where you are only selling from your overaccumulation amount of your BTC stash, then it seems quite likely that you can be sustained from your overaccumulation stash, you can increase your standard of living and you can continue to reassess from time to time regarding how much you are able to authorize to withdraw, which likely would mean that as bitcoin continues to grow, you are able to draw more and more from your BTC (in terms of dollar value) but the dollar value of your BTC stash is ongoingly and continuing to go up in value way more than the amount that you are regularly withdrawing/spending from it. .. but you gotta build up your BTC stash first and have patience for it to grow and to continue to build it until it gets to a large enough size that you are able to separate out spending portions of it while continuing to keep most of your value in the main portions of your BTC stash.

In summary it’s absolutely wrong putting bitcoin investment in place of a job.

You gotta get your investment to a high enough level before you can put it in place of a job, and that is called entry-level fuck you status.

Some folks might be concerned about whether they have accurately calculated their getting to entry-level fuck you status, so they may well want to have a cushion prior to pulling the fuck you lever (meaning quitting their job).

I personally believe that a lot of folks make mistakes in calculating their entry-level fuck yo status because they calculate based on BTC spot prices rather than 200-WMA prices, but yeah there can be a variety of ways to actually figure out if you have achieved entry-level fuck you status, make  sure that you have enough of a cushion and if you only have bitcoin and cash, then your calculations would likely be different from someone who has other investments and/or other sources of income, so each of them might be added up and figured out how reliable it is in terms of amounts, figured out how much is needed to live (plus realistic calculations of increases in cost of living and increases in standard of living), and so there likely are needs to both try to calculate accurately and realistically, and most likely to have some kinds of cushions in the amount of wealth and/or various kinds of extra income (or investments) that goes beyond what is calculated to be needed.

It is not necessarily an easy task to figure out, and surely the amounts vary, so it can be challenging also in ways that these matters are valuated even if a person might believe that he is adequately accounting for the likely inevitable debasement of the dollar (and other fiats).

Even a trader who might quit any kinds of employment and conclude that he is able to sustain himself with his trading, these kinds of guys may well fail to adequately account for needs to continue to invest, even if he is trading and keeping some funds separate from the funds that he is trading, even though so frequently traders seem to get lured into traps of seeming to always want their money to be working for them, yet there still are some who are able to keep meaningful investment funds (or separate funds on the side) that they either consider as their income funds or their separate old age investment funds, so they have put systems in place that largely make their trading to be sustainable in terms of being able to quit their jobs.. yet so many guys seem to want to quit their jobs way before they have even established separate accounts sufficient to support their cost of living and their future source of retirement funds.

I think forums are not the only place to learn about Bitcoin or Crypto. In the age of the internet, it is not difficult to learn anything. I think we all come together on forums to share our little knowledge with others and increase our knowledge. Isn't that right?

Yes agreed but this is the place where it all started and I think that there is a reason why this place existed. Even Satoshi Nakamoto has an account in this place because he knew that this is the place to get credible and reliable information and knowledge about bitcoin. You can learn about bitcoin in YouTube and wherever, but it can never be the same as the way it will be in this place. Here you have access to different people contributing their knowledge about bitcoin and most of these people don't have YouTube channels. So if you rely on YouTube alone, you will miss out on their wealth of knowledge.

Mind you most of the guys you see posting and talking about bitcoin in YouTube do come here copy contents to post and talk about in their channels. Like it or not, there will be a big difference between the person who dedicate his time to learn about bitcoin here in this forum, and someone who rely on YouTube and other means to learn about bitcoin. Here you can always ask question whenever you have any or confused about a particular subject and you will get answers from different people who are more knowledgeable about your questions. But in those other places like YouTube you don't have that opportunity to ask any questions. Here is more like an interactive session with others.

The interactive nature of this forum makes a huge difference. While YouTube has its benefits but it can't match the real time discussions and the ability to ask questions and get immediate feedback from knowledgeable members of the forum. It's like having a live classroom where everyone contributes their thoughts, which really enhances the learning experience. That depth of engagement in the forum, is what sets this forum apart. The knowledge from this forum can be incredibly reliable for succeeding as an investor, One can truly thrive with the knowledge gained from this forum. It's all about applying it effectively, the insights and strategies shared here can empower anyone to make good decisions and succeed as an investor in Bitcoin.  When you combine the insights from various contributors with your own research and strategies, it really sets a solid foundation for making good decisions in your Bitcoin journey.

This forum is an educational environment, where all professional and experienced members help all the newbies, a newbie can gain much better knowledge about crypto from this forum which he can't get from other places like youtube videos. Through the advice of professional and experienced members in this forum we can understand crypto more deeply. However, you must try yourself. We can get the complete idea of ​​investing in Bitcoin from a thread in this forum. I have been on this forum for a while, before coming on this forum I didn't know much about bitcoin investing, but after researching this forum for a few days I got a better understanding of bitcoin. So we can take this forum as a guideline to learn crypto well.

I doubt that we need to give any shits about crypto.. unless we figure out what bitcoin is first, and sure there are forum threads in which you can talk about shitcoins.  Hopefully in the bitcoin threads you know what bitcoin is and you know that if you use the term crypto without clarifying what you are talking about, then you look like a dumbass or someone who is purposefully being vague and/or misleading people, so hopefully guys here know that there is a difference between bitcoin and shitcoins and it is better to clarify what you are talking about, even if you are wanting to refer to shitcoins.. but more likely if we are in a bitcoin thread, then there is no need to refer to various shitcoins unless there is some kind of a specific point that is being made about how those shitcoins might relate to bitcoin.

Learning can come in either direction, and even persons who are brand new to bitcoin might have other investment and/or life (cashflow) management experiences that they can bring into the mix of our discussions.. but yeah sometimes newer forum members might need to study various topics a bit more in order to make sure that they are figuring out ways to make points that are interesting to other members rather than making posts that are not really providing anything meaningful to the conversation, which also might mean to recognize what other forum members are saying, since sometimes there might be several of us who post on the same topic, which sometimes I feel bad if I end up repeating saying what another forum member had already said...so sometimes I might end up having to go back and edit my post if I see that another member said the same thing as I had said... so I might either acknowledge that the other member already said it, or maybe I will think about some new information to provide that will still try to allow my post to be useful, even if my post is saying similar things as some other member(s) had said.

[GeorgeJohn]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

[Stablexcoin]

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

[avp2306]

It's only traders that can be so dumb to the point of quitting their job and go full time on trading because trading is stressful and time consuming, when they begin to see little profits, they might feel it is better off than going to their primary job. Just as trading in the long will lead to big losses, is the same way that if you make trading your primary job, you will be disappointed and end up in regrets because you are gambling with your future and don't know your left from your right.

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

To crazy for them for thinking that way and they are been over shadowed by their joy towards the possibilities to gain profit from trading. But for sure they realize later on that they do a wrong decision since trading is not really a sustainable profit generating option for them. That's the reason I always discourage those people I know thinking about having a full time career in trading especially when they get hype to it and explain about the possible bad effect in their life.

Each of us especially for those who starting up really need to have stable job so that they can sustain their investment. Since without anything that can give them a passive income there's huge chance for them to fail on their long term plan with bitcoin.

[As-Soon-As]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

I think trading is the most risky, because till date the person who has traded has not been successful.  But individuals who hold bitcoins and institutions that hold bitcoins are largely successful. So I can prove that it is possible to reach the top of the greatest success not only in trading but also in holding, such as Microstrategy Company, Nayib Bukele, the government of the country of El Salvador, all these people are holding Bitcoin long-term and today they are successful. Bitcoin cannot be sold as the price of Bitcoin has increased the most, because we have not passed the time until the end of the bull run.  
So only those holding by following DCA method are the only best holding, currently there is still ample opportunity for holding by DCA method.

[JayJuanGee]

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

It seems to me that you are misunderstanding what it might mean to reach fuck you status, and surely you realize that you can quit your job if you have made enough to retire, so why is that different from quitting ones job when they have enough BTC?

For sure, the more BTC you have the more options you have in regards to income off of it, and there could be errors in calculating the value of your BTC, so surely there are a lot of examples of people who pull their fuck you levers way too early because they miscalculate how much BTC they actually need in order to live off of them and how to valuate them and to valuate their standard of living expenses (or increases in their standard of living due to debasement of the dollar/fiat or from chosen increases of lifestyle expenses).

[Tungbulu]

Of course, each person can do what they want, and I suggest no more than 10%, and even 10% may well be too much, yet one of the problems of trading/gambling is that there is a cascading effect that keeps luring them towards wanting to use more and more and more in order that their profits can be "meaningful" and they are not satisfied with $100 in profits, they want $1k... etc etc etc.. and  they keep pushing it.. more and more so there is almost no way that they won't end up losing at some point.

Now many would argue that trading is totally different from gambling, but in reality, this crazy speed of always needing more proves just how alike they are. Just gambling, it’s always difficult or should I say almost impossible for gamblers to be contented with whatever profits they’ve been able to win, as they’ll feel the need to go for more, this is often referred to as chasing wins, when a gambler who had just made a significant win, rather than walking away with his wins, decides to stick around and continue playing because he feels it could be his lucky day and feels he could still win more. This often the case with Trading, it takes only those with hyper discipline to be able to overlook the pressure of always chasing wins and sometimes losses. And this is the exact reason why Trading is being considered unsafe for many especially for newbies who have little or not experience about the dynamics of the market, and of course is crucial to allocate the adequate and appropriate percentage of funds for this activity. And yeah you’re absolutely correct, since there’s really no guarantee that one would make any profits from trading/gambling, in fact there’s no single guarantee you’re even coming out with your capital, I join you to support the idea that 10% is much for that, maybe 5%, yeah I think 5% is cool.

Yeah it’s important for every investor to have some kind of a solid outside income source as this helps to provide financial stability, and allowing one to be able to build their financial Bitcoin portfolio without much effort, and this also helps the investor not to always depend on their investment for immediate financial sustenance.