Buy Buy Buy or Sell Sell Sell?

[Derekfunds]

Buying at a low price and selling at a high price is a business idea. In this case, as you can see the profit, there is also risk. For example, if today the price of Bitcoin is $ 10, you bought it at $ 10 and when the price of Bitcoin increased and reached $ 12, you sold it. In this way, you made a profit of $ 2, but if the price increases a lot after you sell, then you will not be able to buy at a low price, in this case there is a lot of risk.

All these investments are called short-term investments. There is a lot of risk in this investment. It is seen that many people have faced financial losses by investing in the short term and have also made a lot of profit. But if we average the ratio over a certain period, then long-term investments will be ahead in terms of profit. Always try to invest in the long term, so the risk of loss is much less.

this is trading you are referring to and not bitcoin investment, because only traders buy at low price and sell when the price is high, a real bitcoin investor we buy bitcoin even when the price is low or high, because it purposes of buying bitcoin is for long term holding and not to sell immediately when the price is high.

A long-term investment means holding for at least 4 to 10 years. If someone holds for less than 4 years, it is not an investment, but trading. A new investor should only invest with a holding plan for 4-10 years at any price, then it will be recognized as a long-term investment. The reason for the minimum 4 years here is to hold Bitcoin for at least 1 cycle continuously, but it is not that the investor will profit after one cycle, if he holds Bitcoin for 2-3 cycles continuously, then he is very likely (about 90% likely) to profit from his holding. Because the possibility of Bitcoin's success in the long term is very high. So this kind of short-term fluctuation is actually nothing to fear. If you keep investing at any price, and keep holding for the long term, then success is waiting for you.

I see bitcoin this period as trying to change the narrative of traders and gratify investors. Most traders have run into bankruptcy due to market irregularities. Hodl your bitcoin and you won't be at the risk of developing chest pain due to losses. Traders could make the whole earth as gain only to go broke the next moment. Invest in your future and your dream which is a world of crypto.

Anyone who has decided to trade Bitcoin or any other coin should be ready to handle and bear whatever they see from it because it has been made clear and seen that trading is not the right approach to Bitcoin or making good something out of Bitcoin. And I have come to realize that the people who are trading the most are the people that doesn't even money and then once they incur any loss they are doomed or out of the market so instead of risking that small money why not just invest and then look for how to keep the investment going because the most important and interesting thing in investment is that no matter what, you won't loss your money because the price of Bitcoin can not dump to zero.

[Joy- maker]

That's right, a bitcoin investor must have a strong principle about his initial intention to invest in bitcoin. But what I mean is if an investor has reached his investment goal (for example 5 years) then the person sells bitcoin and buys it back when the price drops, I think that's also a good thing. Because that way, the profits obtained when investing 5 years in bitcoin can be invested again and of course the bitcoins that can be purchased will be more. So what's wrong with that concept. Because in my personal opinion, if someone buys bitcoin with a strategy that is not DCA, I think selling when there is a profit and buying back bitcoin when the price drops is the right thing to do. In fact, I think it will have a very positive impact on the growth of our bitcoin assets. So in my opinion when we invest in bitcoin, we must take advantage of every opportunity to be able to enlarge our bitcoin portfolio. But I'm not telling you to follow my method, because of course you have your own way so that your bitcoin portfolio increases.

Of course, you can establish whatever goal you like, yet it seems to me that it is a bad idea to spend 5 years accumulating bitcoin and then to sell it all, including that you believe that you are going to be able to sell and buy back cheaper.  That is a retarded strategy.

Bitcoin is amongst the best, if not the best, investment asset available and you seem to be saying that you are going to try trade it once you have accumulated for 5 years.

Better strategies likely involve reaching an overaccumulation status,.. if that might take 5 years or some other period of time.   Once you have reached overaccumulation status, then you can likely engage in price based and/or time-based selling of portions of your overaccumulated bitcoin, and you can likely figure out sustainable withdrawal formulas so that you can pretty much continue to hold bitcoin and to draw income off of your bitcoin that is way better than selling it and fucking things up.  

You have a good thing going by having bitcoin, and you believe that the solution is to sell it and take chances in regards to trying to buy back cheaper...   Short-sighted to say the least, even though you are free to do whatever you like, even short-sighted things.

Everyone is responsible for their own actions though, that why it's their choice to do whatever they like with their investment plan the least one can do is try to put them through the right path and stop them from misleading others into doing the wrong things when it comes to Bitcoin investment, it's something that involves the future so one needs to be careful about it so as not to make errors that would cause future regrets.

 Investing for 5 years only to take all profit is a big error, i would've said it's misleading but instead I'll rather correct such impression and let people understand that because it is said that long-term bitcoin investment involves holding for 4 to 10 years, doesn’t mean that they’ll hold for that long and decide to take all profits, it doesn’t work that way and comes with regrets, no one knows what the future holds but Bitcoin has proven to be a good investment option for the past year and we hope it does better that's why we're holding for long.

 Therefore instead of taking all the profits in 5 years time it would've been better to take some portions and do what's best for them, maybe diversify to another good investment option or so, taking all is risky cause what if the person takes all and the price increases to a very high price, it simply means the person have sold at lose and would be buying back at a higher price when they want to buy back, the next thing that follows after that is regret and hoping a dip should occur to buy cheaper, that’s why that ideology of holding for 5 year to take all profits is not wise.

you have spoken it all princess leah, any bitcoin investors who intend to sell off all their bitcoin investment, which they have accumulated and hold for 5 years in other to take profit and then buy back, to me I think that is really a wrong idea, which may later lead to regrets,

because any bitcoin investors who knows the right approach to bitcoin will only sell some portion of their bitcoin investment and continue holding his or her bitcoin. if possible he or she can still continue to accumulate more bitcoins, for that's what real bitcoin investors who knows how bitcoin works will do.

[Futurexxx]

Everyone is responsible for their own actions though, that why it's their choice to do whatever they like with their investment plan the least one can do is try to put them through the right path and stop them from misleading others into doing the wrong things when it comes to Bitcoin investment, it's something that involves the future so one needs to be careful about it so as not to make errors that would cause future regrets.

 Investing for 5 years only to take all profit is a big error, i would've said it's misleading but instead I'll rather correct such impression and let people understand that because it is said that long-term bitcoin investment involves holding for 4 to 10 years, doesn’t mean that they’ll hold for that long and decide to take all profits, it doesn’t work that way and comes with regrets, no one knows what the future holds but Bitcoin has proven to be a good investment option for the past year and we hope it does better that's why we're holding for long.

 Therefore instead of taking all the profits in 5 years time it would've been better to take some portions and do what's best for them, maybe diversify to another good investment option or so, taking all is risky cause what if the person takes all and the price increases to a very high price, it simply means the person have sold at lose and would be buying back at a higher price when they want to buy back, the next thing that follows after that is regret and hoping a dip should occur to buy cheaper, that’s why that ideology of holding for 5 year to take all profits is not wise.

you have spoken it all princess leah, any bitcoin investors who intend to sell off all their bitcoin investment, which they have accumulated and hold for 5 years in other to take profit and then buy back, to me I think that is really a wrong idea, which may later lead to regrets,

because any bitcoin investors who knows the right approach to bitcoin will only sell some portion of their bitcoin investment and continue holding his or her bitcoin. if possible he or she can still continue to accumulate more bitcoins, for that's what real bitcoin investors who knows how bitcoin works will do.

It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.

[JayJuanGee]

Everyone is responsible for their own actions though, that why it's their choice to do whatever they like with their investment plan the least one can do is try to put them through the right path and stop them from misleading others into doing the wrong things when it comes to Bitcoin investment, it's something that involves the future so one needs to be careful about it so as not to make errors that would cause future regrets.

 Investing for 5 years only to take all profit is a big error, i would've said it's misleading but instead I'll rather correct such impression and let people understand that because it is said that long-term bitcoin investment involves holding for 4 to 10 years, doesn’t mean that they’ll hold for that long and decide to take all profits, it doesn’t work that way and comes with regrets, no one knows what the future holds but Bitcoin has proven to be a good investment option for the past year and we hope it does better that's why we're holding for long.

 Therefore instead of taking all the profits in 5 years time it would've been better to take some portions and do what's best for them, maybe diversify to another good investment option or so, taking all is risky cause what if the person takes all and the price increases to a very high price, it simply means the person have sold at lose and would be buying back at a higher price when they want to buy back, the next thing that follows after that is regret and hoping a dip should occur to buy cheaper, that’s why that ideology of holding for 5 year to take all profits is not wise.

you have spoken it all princess leah, any bitcoin investors who intend to sell off all their bitcoin investment, which they have accumulated and hold for 5 years in other to take profit and then buy back, to me I think that is really a wrong idea, which may later lead to regrets,

because any bitcoin investors who knows the right approach to bitcoin will only sell some portion of their bitcoin investment and continue holding his or her bitcoin. if possible he or she can still continue to accumulate more bitcoins, for that's what real bitcoin investors who knows how bitcoin works will do.

It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.

It seems that part of the point is that after a few cycles, there should not be any need to sell all of your BTC.  You can just shave off some coins here and there from time to time, rather than thinking about bitcoin as something that you would cash out of in completeness.

No matter what, each of us has to figure out those kinds of matters, and if we are considering that we have a lot of years to live, then we can likely make our bitcoins last and spend from other sources of income prior to spending any of our bitcoin, yet if we are in a situation in which all of our income has dried up, then maybe at that point bitcoin becomes our sole source of income.  Yet, I would think that it would be more common that we would be drawing from more than one source of income or even using bitcoin to supplement other sources of income that we might have, even if we might have gone into a status of no longer working for income.

[Pi-network314159]

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It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.

No matter what, each of us has to figure out those kinds of matters, and if we are considering that we have a lot of years to live, then we can likely make our bitcoins last and spend from other sources of income prior to spending any of our bitcoin,

even though i am not a part of this conversation but i agree with you that we can make bitcoin last and spend from other source of income, but in the aspect of considering that we have a lot of years to leave then that is unpredictable. sometimes age should be considered when making decision of selling or shaving off some portion of our HODLings considering that we don't own or have control over our lives.

yet if we are in a situation in which all of our income has dried up, then maybe at that point bitcoin becomes our sole source of income.  Yet, I would think that it would be more common that we would be drawing from more than one source of income or even using bitcoin to supplement other sources of income that we might have, even if we might have gone into a status of no longer working for income.

i love the fact that you pointed out that an investor may use bitcoin to supplement other source of income if we are no longer working for income, because an investor may start too late maybe at late 50years, and have a long time plan of 20 years to invest maybe he has invested for 15years, in this case i can say shaving off his profit may not be done at exactly 20 years time as proposed, there could be some adjustment in considering taking his profit/ shaving off some profit or invest some of it on other sources of income considering his health over time especially when there is no other source of income to support when his btc now serves as his live saving.

[Cryptoprincess101]

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It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.

No matter what, each of us has to figure out those kinds of matters, and if we are considering that we have a lot of years to live, then we can likely make our bitcoins last and spend from other sources of income prior to spending any of our bitcoin,

even though i am not a part of this conversation but i agree with you that we can make bitcoin last and spend from other source of income, but in the aspect of considering that we have a lot of years to leave then that is unpredictable. sometimes age should be considered when making decision of selling or shaving off some portion of our HODLings considering that we don't own or have control over our lives.

I get your point but should someone cut out a part of their holdings just because they feel too old or they think that age is not on their side anymore when they already have other source of income to take good care of themselves at that age. For me, age should not even be a reason why we should consider selling our bitcoin so far as we can still sort out our daily needs outside our investment in bitcoin. The only way someone can decide to sell part of their investment in bitcoin when they feel they are getting old is in a situation whereby all his major investments is in bitcoin and he doesn't have any other source of income.
      In the area where you talked about we not having control over our lives, it is true but if an investor who has other source of income is not confident about their health condition, what they need do is to start preparing early to expose the security information of his holding to someone who he trust so that if eventually, unforeseen events that can lead him to not being able to reveal the security information to anyone happens, the person they gave the security information can inherit the holdings and start from where he stopped and while revealing security information to people you trust, it should be someone who knows the value of the asset so that they don't end up selling everything when you are no more.

[reefsea]

I get your point but should someone cut out a part of their holdings just because they feel too old or they think that age is not on their side anymore when they already have other source of income to take good care of themselves at that age. For me, age should not even be a reason why we should consider selling our bitcoin so far as we can still sort out our daily needs outside our investment in bitcoin. The only way someone can decide to sell part of their investment in bitcoin when they feel they are getting old is in a situation whereby all his major investments is in bitcoin and he doesn't have any other source of income.
      In the area where you talked about we not having control over our lives, it is true but if an investor who has other source of income is not confident about their health condition, what they need do is to start preparing early to expose the security information of his holding to someone who he trust so that if eventually, unforeseen events that can lead him to not being able to reveal the security information to anyone happens, the person they gave the security information can inherit the holdings and start from where he stopped and while revealing security information to people you trust, it should be someone who knows the value of the asset so that they don't end up selling everything when you are no more.

The choice for when they already think that their age is not long anymore or more on the alertness if age is not on their side then the choice they must make is to pass on the password to their children.
Indeed, in such conditions people usually do not think healthily anymore or their memory has decreased so at the age of 60 or 70 it is better for them to pass on the password earlier to their children.

In the long term everything we want can happen but don't be too afraid because we can tell you early. There is no need to sell bitcoin if it is not necessary because getting the same entry as before will be difficult to do, so just maintain it by holding it in the long term so that the benefits can be enjoyed by our children or grandchildren at some point.

[Taskford]

you have spoken it all princess leah, any bitcoin investors who intend to sell off all their bitcoin investment, which they have accumulated and hold for 5 years in other to take profit and then buy back, to me I think that is really a wrong idea, which may later lead to regrets,

because any bitcoin investors who knows the right approach to bitcoin will only sell some portion of their bitcoin investment and continue holding his or her bitcoin. if possible he or she can still continue to accumulate more bitcoins, for that's what real bitcoin investors who knows how bitcoin works will do.

It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.

It seems that part of the point is that after a few cycles, there should not be any need to sell all of your BTC.  You can just shave off some coins here and there from time to time, rather than thinking about bitcoin as something that you would cash out of in completeness.

No matter what, each of us has to figure out those kinds of matters, and if we are considering that we have a lot of years to live, then we can likely make our bitcoins last and spend from other sources of income prior to spending any of our bitcoin, yet if we are in a situation in which all of our income has dried up, then maybe at that point bitcoin becomes our sole source of income.  Yet, I would think that it would be more common that we would be drawing from more than one source of income or even using bitcoin to supplement other sources of income that we might have, even if we might have gone into a status of no longer working for income.

Sometimes I really think its complete waste of opportunity to sell everything we have especially if we already built a decent portfolio for many years. Since all of our efforts made will be wasted and we exchange it for less profit if we dump immediately on that timeline. I believe Bitcoin has more to go and we could potentially hit for more bigger figures and I believe if we could able to hold our horses for more years then provably that we can get more bigger volume together with more bigger profits in future.

Data's have good basis to believe that Bitcoin would grow more in future https://calendar.bitbo.io/price/

That's why its better to accumulate more Bitcoin while they can and thinking about I will save Bitcoin until I retire since don't want to live thru money gotten by pensions only.

[JayJuanGee]

[edited out]

No matter what, each of us has to figure out those kinds of matters, and if we are considering that we have a lot of years to live, then we can likely make our bitcoins last and spend from other sources of income prior to spending any of our bitcoin,

even though i am not a part of this conversation but i agree with you that we can make bitcoin last and spend from other source of income, but in the aspect of considering that we have a lot of years to leave then that is unpredictable. sometimes age should be considered when making decision of selling or shaving off some portion of our HODLings considering that we don't own or have control over our lives.

yet if we are in a situation in which all of our income has dried up, then maybe at that point bitcoin becomes our sole source of income.  Yet, I would think that it would be more common that we would be drawing from more than one source of income or even using bitcoin to supplement other sources of income that we might have, even if we might have gone into a status of no longer working for income.

i love the fact that you pointed out that an investor may use bitcoin to supplement other source of income if we are no longer working for income, because an investor may start too late maybe at late 50years, and have a long time plan of 20 years to invest maybe he has invested for 15years, in this case i can say shaving off his profit may not be done at exactly 20 years time as proposed, there could be some adjustment in considering taking his profit/ shaving off some profit or invest some of it on other sources of income considering his health over time especially when there is no other source of income to support when his btc now serves as his live saving.

It is difficult to generalize in terms of anticipating how long it may take a person to get to a point that he might quite most if not all of his various kinds of work and the extent to which his bitcoin might serve as a primary income or as a supplement to his income.

Surely, bitcoin seems to be best of the monies and/or investments, so it seems like it would be the last place in which a person would withdraw value, so he would likely be drawing from his inferior sources of income prior to drawing from his bitcoin.  

And, yeah, maybe he plans that it could take him 25-35 years or more to reach some variation of fuck you status, which he may well define as his having had built up at least 10 years of his expenses into his bitcoin investment valued at the 200-WMA.  So [ur=https://bitcoindata.science/withdrawal-strategy?U2FsdGVkX1+go/0hEZycoA8tm6J4+LvQR+mfOqe2brUiVKB7/4Kc5D2I3DKHi89EiZ5cEkqNF7IDDWuLSwseOg==l]right now, if he consider that he would need $80k per year to live, and then if he had 17.95 BTC, then he may well consider that he had reached the entry level to his fuck you status[/url].

Yet, 15-20-30 years down the road, we can not really project specifics, yet we can kind of ball-parkedly estimate how many BTC we believe it is going to take in order to reach our entry fuck you status level, and it could well be the case that some of us might end up getting close to reaching such status sooner than expected, such as reaching such status within 15 years rather than needing 30 years to get to such status, and we cannot really know in advance regarding how long it might take to reach such status, yet we still might start to realize the extent to which we are getting close to reaching such status, once our bitcoin starts to get up to a certain value level that may start to reach our criterion to constitute 10 years of our expenses at the 200-WMA or some other way that we might choose to valuate our bitcoin investment as compared with and supplemented by any other investments that we might also have.  It becomes more clear as we come closer to reaching the numbers, and it may well seem a bit fantastical when we are still a long distance from reaching such numbers.

[edited out]

I get your point but should someone cut out a part of their holdings just because they feel too old or they think that age is not on their side anymore when they already have other source of income to take good care of themselves at that age. For me, age should not even be a reason why we should consider selling our bitcoin so far as we can still sort out our daily needs outside our investment in bitcoin. The only way someone can decide to sell part of their investment in bitcoin when they feel they are getting old is in a situation whereby all his major investments is in bitcoin and he doesn't have any other source of income.
      In the area where you talked about we not having control over our lives, it is true but if an investor who has other source of income is not confident about their health condition, what they need do is to start preparing early to expose the security information of his holding to someone who he trust so that if eventually, unforeseen events that can lead him to not being able to reveal the security information to anyone happens, the person they gave the security information can inherit the holdings and start from where he stopped and while revealing security information to people you trust, it should be someone who knows the value of the asset so that they don't end up selling everything when you are no more.

Sometimes it might start to become clear that it is o.k. to start to  spend down your principle of your bitcoin investment rather than planning to merely live off of the income of the bitcoin investment based on age and/or health considerations.

[Pi-network314159]

Yet, 15-20-30 years down the road, we can not really project specifics, yet we can kind of ball-parkedly estimate how many BTC we believe it is going to take in order to reach our entry fuck you status level, and it could well be the case that some of us might end up getting close to reaching such status sooner than expected, such as reaching such status within 15 years rather than needing 30 years to get to such status, and we cannot really know in advance regarding how long it might take to reach such status, yet we still might start to realize the extent to which we are getting close to reaching such status,

yeah.. considering my first comment when i explained that there could be a certain age we attain and we might be considering shaving off some potion maybe having initial plan of 20years investment but down the road we decide to shave off at 15 years of investment without reaching the fuck you status, but with this statement you've made i have also remembered that we might not necessarily reach the speculated time as planned if we can be able to increase our bitcoin investment. lets say even without considering our age, we might decide to increase our DCA investment from initial weekly $20 to $100 if we have enough discretion and our target in the fuck you status will be achieve faster than expected. lets per say if $20 weekly DCA in 20 years would give us $22k to maybe $25k then $100 weekly for 10 years will give us approximately $50k+ even if my calculation is not proven, but base on assumption the amount of bitcoin achieved in this 10 years interval or time frame more better than the $22k of 20 years. at least an aging man with such investment will shave off earlier than he planned because of his increase in regular investment.

even though i am not a part of this conversation but i agree with you that we can make bitcoin last and spend from other source of income, but in the aspect of considering that we have a lot of years to leave then that is unpredictable. sometimes age should be considered when making decision of selling or shaving off some portion of our HODLings considering that we don't own or have control over our lives.

I get your point but should someone cut out a part of their holdings just because they feel too old or they think that age is not on their side anymore when they already have other source of income to take good care of themselves at that age.

i agree with your point of view about age not being a criteria to shave of profit in due time, but also be awear that we are not investing and HODLing for dear life. even if we plan to pass our bitcoin as an inheritance to our children or the next generation, but there should be some consideration of reaping the fruit of our labor before the time stop ticking in our life[death].

For me, age should not even be a reason why we should consider selling our bitcoin so far as we can still sort out our daily needs outside our investment in bitcoin. The only way someone can decide to sell part of their investment in bitcoin when they feel they are getting old is in a situation whereby all his major investments is in bitcoin and he doesn't have any other source of income.

i have already made it clear in my comment above, that there could be time when we are old and has no other source income, in this case the only consideration is to use some part of bitcoin as a supplement to fund other sources of income. this should let you know that such an investor has more of his asset on bitcoin and probably has less  or no other sources of income.

[JayJuanGee]

Yet, 15-20-30 years down the road, we can not really project specifics, yet we can kind of ball-parkedly estimate how many BTC we believe it is going to take in order to reach our entry fuck you status level, and it could well be the case that some of us might end up getting close to reaching such status sooner than expected, such as reaching such status within 15 years rather than needing 30 years to get to such status, and we cannot really know in advance regarding how long it might take to reach such status, yet we still might start to realize the extent to which we are getting close to reaching such status,

yeah.. considering my first comment when i explained that there could be a certain age we attain and we might be considering shaving off some potion maybe having initial plan of 20years investment but down the road we decide to shave off at 15 years of investment without reaching the fuck you status, but with this statement you've made i have also remembered that we might not necessarily reach the speculated time as planned if we can be able to increase our bitcoin investment. lets say even without considering our age, we might decide to increase our DCA investment from initial weekly $20 to $100 if we have enough discretion and our target in the fuck you status will be achieve faster than expected. lets per say if $20 weekly DCA in 20 years would give us $22k to maybe $25k then $100 weekly for 10 years will give us approximately $50k+ even if my calculation is not proven, but base on assumption the amount of bitcoin achieved in this 10 years interval or time frame more better than the $22k of 20 years. at least an aging man with such investment will shave off earlier than he planned because of his increase in regular investment.

A lot of poor people are going to be tempted to cash out some or a lot of their BTC investment too soon.. .. which is getting them into the too much too soon category, and also ending  up delaying or even preventing them from ever reaching fuck you status.

Regarding your amounts, sure we give estimates in which with the passage of time, if we are young, we may well expect that we will be able to increase our income with the passage of time,  yet we can still attempt to give some estimates about how aggressively that we might predict that we are able to invest  into bitcoin. 

So with your example of numbers, if a person might have had started out investing at $20 per week, we might  consider that he would invest $1,040 per year, and so then $10,400 in 10 years and then $20,800 in 20 years.  Now if our investment into bitcoin was purely flat and did not appreciate in value, then perhaps it would be worth around the same  amount that we put into it, yet there are decently good chances that it will increase in value faster than the debasement of the dollar (or any other fiat that you might be using in the next 20 years), so we might project that the amount invested plus the growth rate over  20 years may well end up in more than one compounding of value.. so it could end up with 2x to 8x or more of the value of the amount that you put in.. so if you put in $21k, then maybe your value could end up being somewhere in the ballpark of $40k  to $160k or more.

Sure, if you were able to invest $100 per week rather than $20 per week, then your amount contributed would go up by 5, and the magnified amount would also go up by 5, and so if you had been investing $104k ($20.8k * 5), then you may well end up with results that are $200k to $800k or more.

Of course, none of the matters are  guaranteed, yet we should attempt to be open enough in our thinking that we understand the magnitude of a variety of possible scenarios, which is part of the reason why many of us longer term bitcoiners are suggesting that other members attempt to invest into bitcoin as aggressively as they are able to accomplish without over doing it, and sure it still could end up taking a fucking ton of time to still reach a kind of entry-level fuck you status, yet at the same time, your timeline for reaching entry-level fuck you status can end up being reduced a whole hell of a lot by being as aggressive as you are able to, and surely you have to be careful not to over do it and to contribute to a premature recking of yourself because you ended up devolving into gambling (and too much risk taking) rather than attempting to be prudent in your investing into bitcoin, even if you are attempting to balance your approach with being both prudent and aggressive at the same time.

[Tonimez]

Yet, 15-20-30 years down the road, we can not really project specifics, yet we can kind of ball-parkedly estimate how many BTC we believe it is going to take in order to reach our entry fuck you status level, and it could well be the case that some of us might end up getting close to reaching such status sooner than expected, such as reaching such status within 15 years rather than needing 30 years to get to such status, and we cannot really know in advance regarding how long it might take to reach such status, yet we still might start to realize the extent to which we are getting close to reaching such status,

yeah.. considering my first comment when i explained that there could be a certain age we attain and we might be considering shaving off some potion maybe having initial plan of 20years investment but down the road we decide to shave off at 15 years of investment without reaching the fuck you status, but with this statement you've made i have also remembered that we might not necessarily reach the speculated time as planned if we can be able to increase our bitcoin investment. lets say even without considering our age, we might decide to increase our DCA investment from initial weekly $20 to $100 if we have enough discretion and our target in the fuck you status will be achieve faster than expected. lets per say if $20 weekly DCA in 20 years would give us $22k to maybe $25k then $100 weekly for 10 years will give us approximately $50k+ even if my calculation is not proven, but base on assumption the amount of bitcoin achieved in this 10 years interval or time frame more better than the $22k of 20 years. at least an aging man with such investment will shave off earlier than he planned because of his increase in regular investment.

A lot of poor people are going to be tempted to cash out some or a lot of their BTC investment too soon.. .. which is getting them into the too much too soon category, and also ending  up delaying or even preventing them from ever reaching fuck you status.

Regarding your amounts, sure we give estimates in which with the passage of time, if we are young, we may well expect that we will be able to increase our income with the passage of time,  yet we can still attempt to give some estimates about how aggressively that we might predict that we are able to invest  into bitcoin. 

So with your example of numbers, if a person might have had started out investing at $20 per week, we might  consider that he would invest $1,040 per year, and so then $10,400 in 10 years and then $20,800 in 20 years.  Now if our investment into bitcoin was purely flat and did not appreciate in value, then perhaps it would be worth around the same  amount that we put into it, yet there are decently good chances that it will increase in value faster than the debasement of the dollar (or any other fiat that you might be using in the next 20 years), so we might project that the amount invested plus the growth rate over  20 years may well end up in more than one compounding of value.. so it could end up with 2x to 8x or more of the value of the amount that you put in.. so if you put in $21k, then maybe your value could end up being somewhere in the ballpark of $40k  to $160k or more.

Sure, if you were able to invest $100 per week rather than $20 per week, then your amount contributed would go up by 5, and the magnified amount would also go up by 5, and so if you had been investing $104k ($20.8k * 5), then you may well end up with results that are $200k to $800k or more.

Of course, none of the matters are  guaranteed, yet we should attempt to be open enough in our thinking that we understand the magnitude of a variety of possible scenarios, which is part of the reason why many of us longer term bitcoiners are suggesting that other members attempt to invest into bitcoin as aggressively as they are able to accomplish without over doing it, and sure it still could end up taking a fucking ton of time to still reach a kind of entry-level fuck you status, yet at the same time, your timeline for reaching entry-level fuck you status can end up being reduced a whole hell of a lot by being as aggressive as you are able to, and surely you have to be careful not to over do it and to contribute to a premature recking of yourself because you ended up devolving into gambling (and too much risk taking) rather than attempting to be prudent in your investing into bitcoin, even if you are attempting to balance your approach with being both prudent and aggressive at the same time.

Striking a balance between "prudence and aggressive" is the last keywords. Some investors have this unbalanced approach to bitcoin investment which has ended the wrong way leading to premature selling of bitcoin stash and possibly leaving bitcoin investment at loss. Futhermore, not everyone's income could allow the investment of up to $20 weekly as some low income earners don't make up to that amount weekly not to talk of having such amount as their discretionary income. But this doesn't make anyone unqualified to invest in bitcoin. Bitcoin lowest possible investment is at a little above $1 which I feel almost every bitcoin investor could have a discretionary income of up to $2 weekly which if  followed strictly for 10 years could also make a good fortune with less stress. $2*52weeks=104, $104*10years would be $10,040 which could result to (according to @jayjuangee's prediction) $20,080 or $50,200 in ten years or more.

Either way, DCA approach is the principle behind this, even if it's aggressive or prudential. Traders don't like long-term approach because they're impatient and greedy.

[Miyens]

To buy bitcoin doesn't have a perfect time to buy bitcoin but I know that investing in Bitcoin what you to know concerning bitcoin investment is for you to know when you will invest, because probably bitcoin investment is something that  someone who have courage can do, and if you're money conscious person you will not think to keep your investment just a few time of investment, don't panic because bitcoin investment know the condition of every cryptocurrency investment.

You are right that investing in bitcoin doesn't have a perfect time, but at some point in your post, you said someone needs to know when to invest in bitcoin, which is not the right thing to say in a thread like this because someone can't figure out the right time to invest in bitcoin, and it will likely make newbies figure out the right time to invest in bitcoin when they are supposed to start their bitcoin investment right away when their accumulation money is readily available. You will not need courage to invest in bitcoin if you invest in bitcoin within your discretionary income or with the money you will not need for 4-10 years or more because you used the money that is not allocated to solve your daily expenses to invest in bitcoin, which will always allow you to invest in bitcoin freely and take care of your daily expenses.

Yes there is no fixed time or perfect time to invest in Bitcoin. If you buy bitcoin today, is the best time for you and if you buy bitcoin tomorrow, is the best time for you. Whenever you buy bitcoins it will be the best time for you. Although there is no fixed time to buy bitcoins we should buy bitcoins immediately. We should aim not to delay in buying Bitcoin because the way Bitcoin price is increasing day by day maybe if we don't buy Bitcoin now then we will regret when Bitcoin price increases in future.

However, long-term Bitcoin investment plans should be prepared for at least eight years or up to 10 years. The more sources of income a person has, the longer their investment will last. So create a source of income keep some of the money you earn from that source for investment and use the rest for daily expenses.

Yeah you are right, there are people who had the opportunity to buy Bitcoin 10 years ago but refused to buy because they feel Bitcoin won't be valuable and now they are regretting, some of them feels is already late for them to start Bitcoin accumulation for those set of people is not late for them they can still start there accumulation journey, those set of people that are also just knowing about Bitcoin investment is not late for them.
Bitcoin still has a long way to go and it has not reached half of it's growth limit so for now is not late the only time we can say Bitcoin is late for people to start accumulating is when Bitcoin has reached its growth limit.

your statement that The more sources of income a person has, the longer their investment will last, it is true that having a source of income is one criteria that can help your investment last because when you have a source of income it will prevent the urge of you dipping hands into your investment however this is not the only way to help you hold your Bitcoin for long term you need to have a strong emergency, reserve and float funds and also have a management skill, this things together with your good source of income will help you hold for a very long term.

It is difficult to make a profit by investing in Bitcoin for a short period of time. This is mainly a result of long-term planning. Because over time it gives its maximum tie. If a person keeps it for a long period of time, it increases the savings of the person without worrying about the ups and downs of the market. In that case, it works even if one does not start with a large amount of money. If one invests for a short period of time and sees that its price is increasing, then the investor should not sell it. Bitcoin investors should remember that one should not fall for the temptation of short-term profits. To invest in Bitcoin, you must have more sources of income. The more sources you have, the easier it will be to maintain the investment. If there is another source of income, the financial stress of the person will be less. If a person feels financial stress in life, he can cover it from there. When people retire, they get frustrated but investing in Bitcoin can relieve this frustration. Therefore, one should use a safe wallet for Bitcoin and gradually determine the amount of savings in line with the income.

you are actually correct making profit within a short period of time is under probability and the possibility is also very minimal because of how volatile the market can be at times but holding for a long period will help an investor to see a reasonable return because it has the magnitude of ascending after downtrend and whatever one chooses to use to accumulate, so long as they have  the long term mindset they will definitely see return but it will just be according to what they are able to hold because the better amount one uses to hold the better and huge their return will be. however, the only time bitcoin investment can relieve someone from frustration is if they actually understand what they are doing because some people get frustrate along the line and sell off or panic sometimes.

So long as you are willing to take the risk you should be willing to bear the risk, if you know you are not the time that looks out for the future return you will be frustrated with the pattern of operation of Bitcoin, it's something that needs endurance and perseverance for you to get a bigger and better profit from what ever amount you must have invested. So my own point of view is the ability to hold for long term results. That doesn't mean you can't make profits in a short term, but the profitability will be minimal

[FortuneFollower]

So long as you are willing to take the risk you should be willing to bear the risk, if you know you are not the time that looks out for the future return you will be frustrated with the pattern of operation of Bitcoin, it's something that needs endurance and perseverance for you to get a bigger and better profit from what ever amount you must have invested. So my own point of view is the ability to hold for long term results. That doesn't mean you can't make profits in a short term, but the profitability will be minimal

It's about investing wisely with proper knowledge installed beforehand.

Once it clicks, you will never do things like someone with shaky hands.

[Umulala-alala]

So long as you are willing to take the risk you should be willing to bear the risk, if you know you are not the time that looks out for the future return you will be frustrated with the pattern of operation of Bitcoin, it's something that needs endurance and perseverance for you to get a bigger and better profit from what ever amount you must have invested. So my own point of view is the ability to hold for long term results. That doesn't mean you can't make profits in a short term, but the profitability will be minimal

It's about investing wisely with proper knowledge installed beforehand.

Once it clicks, you will never do things like someone with shaky hands.

You can aswell get those proper knowledge when you have already started buying bitcoin because i believe you will know more when you are into bitcoin investment proper with your little knowledge at first, bitcoin investment is not too hard to know as people may think first thing is to get started when your Discretionary income is ready to avoid procastinating while trying to gain proper knowledge.

[betswift]

You can aswell get those proper knowledge when you have already started buying bitcoin because i believe you will know more when you are into proper with your little knowledge at first, bitcoin investment is not too hard to know as people may think first thing is to get started when your Discretionary income is ready to avoid procastinating while trying to gain proper knowledge.

It's not too hard, yet people may be inclined to drop their bags even if they see even a bit of red.

To avoid this, knowledge should be built up beforehand.

[Mayor of ogba]

Long story short
Bitcoin isn't an asset that should be traded.

This is an interesting perspective you brought out, i guess this is one of the wrong mindset most newbies put into there minds when learning about BITCOIN well as we all know BITCOIN investment is know for a highly volatile and most speculative investment we all know that BITCOIN can be considered a unique asset and unpredictable assets it can be used for store of value and speculation which mean buying BITCOIN for the future used.

That's what still amazes me about what is easier for most beginners who are already familiar with Bitcoin at this time. In fact, they could have thought the opposite like thinking of buying Bitcoin and storing it for the long term without having to use it for anything in the near future. Because even though Bitcoin is already accepted by most companies for payment, it doesn't mean we should use Bitcoin to pay for something that is not much more valuable than Bitcoin. So that's why some people say that Bitcoin is not an asset to be traded even though Bitcoin is already on many exchanges at this time.

One of the reasons that led Satoshi Nakamoto to create bitcoin was for bitcoin to serve as a digital alternative payment where we can send money to our loved ones abroad seamlessly without paying a third party to process our transaction, so if anyone decides to use bitcoin and pay for a service, there's nothing wrong with that because the person sees that it would be convenient for him or her to use bitcoin as a medium of exchange over fiat. There was a time in my country when citizens were finding it very difficult to access fiat, and it wasn't easy for us to pay for goods and services since we couldn't access fiat, but with the help of bitcoin, there were people who were accepting bitcoin as a medium of exchange, and citizens who had bitcoin were using their bitcoin to pay for goods and services, and bitcoin helped them to overcome the difficulty of accessing fiat in my country and they were able to live a comfortable life over those citizen who didn't have bitcoin to use and pay for goods and services.

[arwin100]

You can aswell get those proper knowledge when you have already started buying bitcoin because i believe you will know more when you are into proper with your little knowledge at first, bitcoin investment is not too hard to know as people may think first thing is to get started when your Discretionary income is ready to avoid procastinating while trying to gain proper knowledge.

It's not too hard, yet people may be inclined to drop their bags even if they see even a bit of red.

To avoid this, knowledge should be built up beforehand.

There are people actually have this misconceptions that they should start once they already get a lot of knowledge about Bitcoin. Spending lots of time doing research might provably delay them and instead of they would get courage to start, they might just get bothered especially if their expected situation didn't happen. That's why I agree to what people been said here that they should start first and let those knowledge came since for sure that they can move to next level with their investment rather than getting stuck on what they know since they keep waiting for those dips or getting knowledge about Bitcoin.

Bitcoin is somehow easy to understand and people should not create any bad decision that can make their investment tough since if they have funds to spend for this investment for sure they can make everything smooth if they are willing to accumulate at whatever Bitcoin price reached.

[MainIbem]

A lot of poor people are going to be tempted to cash out some or a lot of their BTC investment too soon.. .. which is getting them into the too much too soon category, and also ending  up delaying or even preventing them from ever reaching fuck you status.

Many people are ignorant of Bitcoin investment that's why they do it the shitcoins way which is taking profits too soon but I've come to understand that it's not only ignorance that cause such situations, there are people who come from third world countries with a bad economy and most of them invest just for survival, they just want to make quick money and survive the harsh economy but then, that's not an excuse and shouldn't cause them to make mistakes and that's why we as bitcoin advocates that have good knowledge to an extent or very well should help them understand the consequences of investing on Bitcoin the wrong way, we should enlighten them concerning the consequences of what their actions could cause in future and also the benefits of being patient, Bitcoin investment involves long-term it doesn't matter the situation of anyone's economy, people just ought to do the right thing to make good profits in the future and there's no two ways about it.

[SuperBitMan]

So long as you are willing to take the risk you should be willing to bear the risk, if you know you are not the time that looks out for the future return you will be frustrated with the pattern of operation of Bitcoin, it's something that needs endurance and perseverance for you to get a bigger and better profit from what ever amount you must have invested. So my own point of view is the ability to hold for long term results. That doesn't mean you can't make profits in a short term, but the profitability will be minimal

It's about investing wisely with proper knowledge installed beforehand.

Once it clicks, you will never do things like someone with shaky hands.

You can aswell get those proper knowledge when you have already started buying bitcoin because i believe you will know more when you are into bitcoin investment proper with your little knowledge at first, bitcoin investment is not too hard to know as people may think first thing is to get started when your Discretionary income is ready to avoid procastinating while trying to gain proper knowledge.

You are right, all you need as a newbie into Bitcoin investment is the basic knowledge about Bitcoin investment which is knowing what Bitcoin is all about, how to create your own wallet and how to buy and hold, there's one thing which I feel one really needs to know as a newbie into Bitcoin investment which is knowing the history growth of Bitcoin some people don't see this as an  important part but I do because knowing the history growth of Bitcoin will help remove panic from you when ever there's a dip, it will give you hope that Bitcoin will keep growing no matter what, it will help you develop more patience and it will help you see the future benefit accumulating consistently and holding patiently will bring so as a newbie into Bitcoin investment try and go through the history of Bitcoin growth because it will really help you stay more focus and determine, going through the history of Bitcoin growth was part of the things that built my confidence in Bitcoin, you can start accumulating and then go through it or you go through it before accumulating the most important thing is for you to go through it as an investor.