Buy Buy Buy or Sell Sell Sell?

[Ricardo11]

The above comment is very vague. No one has experience before investing. After investing, experience is gradually gained. In the first case, if you have basic knowledge about Bitcoin, faith in Bitcoin and a stable income, you can invest. Over time, you will gain experience. In the first case, you can find a person who is capable of holding high and long-term investments. If you want, you can take advice from such a person in the first case. For example,

* You can get some ideas about how to control your emotions.

* In which method of investing will be good for you.

* You can take advice from him about how to keep yourself calm during a downturn.

Etc. But it is not possible to leave it completely to him, you have to do research with him to see if he is giving you the right advice or the wrong advice. Because if he gives you the wrong advice, your investment may be lost, so you always have to be aware

I believe you guys are talking about trading and not investing. Investing is simply just buying Bitcoin then hold it until the price was high enough for you to take profit.

You don’t need experience or deeper knowledge on how to invest on Bitcoin since buying and holding is a simple matter. Even just a simple following Michael Saylor Bitcoin investment path will give you an idea on how to do it the right way since he is the most successful Bitcoin investor so far.

Just buy and hold. Never sell on the dip rather keep buying as simple as that.

Buy and hold, this is the most correct and most effective strategy, those who have held for a long time, from just like 6-8 years ago to the present time, are the most successful investors today, there can be no more effective strategy than long-term holding. A trader can never always profit as expected by buying and selling in the short term, he will definitely face losses many times, but in the case of a long-term investor, all you have to do is buy and hold consistently, if you are consistent on this strategy for the next 10 years, an investor can definitely achieve great success.

[Bluedrem]

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

There are basically two types of investors in the market. One is the type you mentioned, investors who want to make more profits in a short time (who we can call gamblers)

Those who invest in various cryptocurrencies in the hope of high profits most of the time lose their capital [since cryptocurrencies are more volatile]

On the other hand, there are some investors who want to invest for a long time without looking at the near future. From here, those who are patient and can withstand the pressure of the market's downward trend are the ones who succeed. They do not express disappointment that they do not have much money saved and do not lag behind in investment. They enrich their portfolio by constantly purchasing Bitcoin through the DAC method as much as possible from their earnings.

[ZeroVinsonN]

...There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

Believe it or not, a lot of people are still making these mistakes today, there will always be newbies, people with no experience in bitcoin investment but who want to go into it and sometimes their problems come from the people who advise them, they get feed false enticing news which leads them to make poor investments (trading) choices ultimately leading to regret and loss on the part, financially.
If newbie investors can have access to credible information on how the bitcoin market works then they can invest the right way with the mindset that they are venturing into a long term investment that can run for decades on end and they need to stay away from failed bitcoin traders who want to drag other down with them, because let's face it, most of the people busy giving out these false advices didn't make anything out of their bitcoin trading, yet you see them advising others to still trade, you can keep doing thr same thing and expecting a different outcome.

The above comment is very vague. No one has experience before investing. After investing, experience is gradually gained. In the first case, if you have basic knowledge about Bitcoin, faith in Bitcoin and a stable income, you can invest. Over time, you will gain experience. In the first case, you can find a person who is capable of holding high and long-term investments. If you want, you can take advice from such a person in the first case. For example,

* You can get some ideas about how to control your emotions.

* In which method of investing will be good for you.

* You can take advice from him about how to keep yourself calm during a downturn.

Etc. But it is not possible to leave it completely to him, you have to do research with him to see if he is giving you the right advice or the wrong advice. Because if he gives you the wrong advice, your investment may be lost, so you always have to be aware

How vague is it, newbies aren't experienced, that's what make them easy to manipulate, and this manipulation is done by others who just want people to fail, while this is not the reason all of the time it is the reason why it happens most of it, and that's why a person who wants to go into bitcoin investment needs good guidance to not mistake trading for investment

[Brainnybtc]

There are basically two types of investors in the market. One is the type you mentioned, investors who want to make more profits in a short time (who we can call gamblers)

Those who invest in various cryptocurrencies in the hope of high profits most of the time lose their capital [since cryptocurrencies are more volatile]

On the other hand, there are some investors who want to invest for a long time without looking at the near future. From here, those who are patient and can withstand the pressure of the market's downward trend are the ones who succeed. They do not express disappointment that they do not have much money saved and do not lag behind in investment. They enrich their portfolio by constantly purchasing Bitcoin through the DAC method as much as possible from their earnings.

In my own understanding, I think that it's either you are a trader or an investor, and anyone that buy and sell for smaller gains are not investors, but a trader, an investor is someone that buys with the intention of holding for like 10 years or more.
As for those investors gambling on shit coin, I think that it's either ignorance or greed that will make someone to take such a decision to thread that ugly and destructive path, but a real Bitcoin investor wouldn't want to waste his resources on shit coin because a wasted time and effort is even more worse than wasted money.

[Sticky Bomb]

Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.

Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

The first thing an investor does is to be patient.

I think the first thing an investor should do is identify if he has discretionary income, then if he does, he sets an accumulation target and identifies how much he would allocate into buying bitcoin consistently and how much goes into building up his backup funds. Additionally determining his long-term holding period should be among the first things to be done.

And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

Holding is good, but I think continuity in accumulating bitcoin is very much important and it can make holding more feasible. As long as you are holding, you should be enlarging your portfolio continuously until you reach your accumulation target and even get to over accumulation status if possible, still within your holding period. Doing so would motivate you to only fancy enlarging your portfolio and holding would be easier and feel natural

No investor ever wants his money to go to waste. So they decide to sell the investment in panic due to excitement, they think that their money may be lost. But if he can immediately decide to hold his mind firmly, then he will be able to profit.

The investor actually wastes his opportunity when he sells in panic and worse still if he sells in loss, then he wasted both opportunity and money. Nothing beats long term investment into bitcoin, maybe erring investors can learn better and stop wasting this golden opportunity to secure their financial future.

[Spaceman1000$]

This is one of the big mistake most Bitcoin investor do because they taught to to that Ethereum is a bit reliable, they actually don't know that Ethereum also have that characteristics of being shitty on the longer run, so now that their is a correction in the market, it's an opportunity we should be using to buy aggressively if we have the reserve funds in place to make it happen.
Finally, thinking that Ethereum is reliable is like choosing a shit coin that is less shitty, not knowing that these other coin are just full of shit.

In as much as ethereum is dependent, i don't think if it is reliable for one to diversify into this coin. Since they can't work on thier own without the help of (bitcoin) and I noticed that bitcoin have been fueling alot of coins in the market and of which ethereum is a perfect example of this coins. One of the reason why most people think that ethereum is reliable is due to the statement that ethereum is next to bitcoin, alot of Investors get mislead due to this saying, most guys see it as a huge opportunity to invest as much as they can since they missed out the opportunity to accumulate bitcoin during the early phase, alot of this guys was  hoping that the potential return is going to be the same with that of bitcoin Since they're told that ethereum is next to bitcoin, this is why sometimes is good to conduct our own research to avoid making unnecessary mistake.

It surprises me how this discussion of diversification keeps coming back to this discussion after it has already been discussed extensively on several occasions. We know that bitcoin is the best asset to invest in and the rest are shitcoins, so why still contemplating investing in shitcoin when you have the best at your disposal?

I have observed that most people who do not want to give up the idea of investing in shitcoin are people filled with greed, they are constantly looking for how to make quick money since they have this erroneous mindset that bitcoin cannot give them the big profits they want. This thinking pattern even make some go in search of the next bitcoin, a coin that is just launched and hyped to pump x10000 only to end up as shitcoin that will drain people of their hard-earned money. We must be careful because diversification to shitcoin is like a trap that will lead to losses. Buy bitcoin and hold for several year ahead and you will enjoy peace and prosperity, it is as simple as that.

the conversation around shitcoins will keep on reoccurring because it's a project that is eye capturing as it's always been flaunted with high ROI within a short period of time and how competitive it can be with Bitcoin and all of those shenanigans they always talk about. Imagine the length of time we've discussed about the risk involving in investing shitcoins here but yet the discussion still pop up again one way or the other, then a imagine how extensive the discussion is in the outside World where some people don't properly vet some information about those shitcoins, they just swallow whatever information that is being given to them hook line and sinker. So for every time that the conversation around shitcoins comes up, we will keep on reminding and telling them the dangers involved, so at least they could know that the adverts and publication that is being made help push up some of this shitcoins for public consumption(investment), might actually be glittering but it's sure not Gold.

[Jostern]

...There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

Believe it or not, a lot of people are still making these mistakes today, there will always be newbies, people with no experience in bitcoin investment but who want to go into it and sometimes their problems come from the people who advise them, they get feed false enticing news which leads them to make poor investments (trading) choices ultimately leading to regret and loss on the part, financially.
If newbie investors can have access to credible information on how the bitcoin market works then they can invest the right way with the mindset that they are venturing into a long term investment that can run for decades on end and they need to stay away from failed bitcoin traders who want to drag other down with them, because let's face it, most of the people busy giving out these false advices didn't make anything out of their bitcoin trading, yet you see them advising others to still trade, you can keep doing thr same thing and expecting a different outcome.

The above comment is very vague. No one has experience before investing. After investing, experience is gradually gained. In the first case, if you have basic knowledge about Bitcoin, faith in Bitcoin and a stable income, you can invest. Over time, you will gain experience. In the first case, you can find a person who is capable of holding high and long-term investments. If you want, you can take advice from such a person in the first case. For example,

* You can get some ideas about how to control your emotions.

* In which method of investing will be good for you.

* You can take advice from him about how to keep yourself calm during a downturn.

Etc. But it is not possible to leave it completely to him, you have to do research with him to see if he is giving you the right advice or the wrong advice. Because if he gives you the wrong advice, your investment may be lost, so you always have to be aware

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

[Lembo69]

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

If we are talking about Bitcoins specifically, then I would say there is no perfect time to buy the coins. If you have money to invest then just invest and buy the coins irrespective of it’s price. As bitcoins are limited in numbers and we know the price is going up day by day. Regarding other coins, then always sell a buy and sell target. Buy the coin when the price reaches a certain price and sell only when the price is in your desired range.

I have seen many people who are afraid to invest but they are interested in investing. Again, there are some investors who wait for the cycle that if the price is high in this market, they will buy Bitcoin cheaply in the next cycle market and start investing. This is their wrong idea, because you are going to invest in the best currency in the market or Bitcoin. Now, the more you start your investment journey, the more you will fall behind. Because Bitcoin is limited, if you have the money to buy in this cycle, then I want to say invest in Bitcoin now. Because you may not get such an opportunity in the next cycle. Buy now and hold.

If you can buy the Bitcoin you invest now and hold it, then this investment can be a shining star for you in the next cycle. There is no best time to invest, the best time for you is when you start. You only have to invest with money that you will not need in the next 2 years. A holder's patience is the source of his strength, because he can only make use of his investment when he can be patient and hold the invested Bitcoin.

[Finebone]

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

What I think about this is that once you have a source of income you are good to go, because it's through that source you will be making out your discretionary income needed to invest in Bitcoin, but for your investment journey to be smooth you need to have the basic knowledge about Bitcoin and how to go about your accumulation, alone the line you can learn more and have deeper knowledge on all that pertaining to Bitcoin investment.
As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

[sotelorene]

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

What I think about this is that once you have a source of income you are good to go, because it's through that source you will be making out your discretionary income needed to invest in Bitcoin, but for your investment journey to be smooth you need to have the basic knowledge about Bitcoin and how to go about your accumulation, alone the line you can learn more and have deeper knowledge on all that pertaining to Bitcoin investment.
As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

You are right but I doubt if faith really has something to do with our investment, I believe the most important thing is always doing the right thing, that is applying the principles of Bitcoin investment which will aid one to a successful state. Everything in life has principles and how to go about them and nature made it that way, while going into Bitcoin investment, for a start you don't really need too many knowledge to start because there is no need for it and it is not all source of income that is advise to be used to invest in Bitcoin, any source of income that one barely eat well from should not be use for Bitcoin because there is a high chance of regrettion sooner or later.

[Joy- maker]

As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

I disagree with you because faith have a role to play in becoming successful in this life, even in bitcoin investment. Less take a look back to when bitcoin was first created, do you think that those people who bought bitcoin when bitcoin has not shown to be a store of value with potential returns just bought bitcoin and hold without having faith that bitcoin will become valuable in the future? Let me explain something to you, Though I may not be accurate in explain what am about to explain now because am not into technical stuffs, but I believe someone like JJG will emphasize more on what am about to explain now and provide us with something more clear. Now to what I want to explain Those who bought bitcoin when bitcoin was first created, when bitcoin has not shown to be a store of value with potential returns, no they bought bitcoin with faith after they carried out some technical analysis and research on bitcoin believing that bitcoin will become something valuable one day in the future. So what are my trying to say in what ever thing you do on this earth faith counts even in bitcoin investment, now less take present for example, we don't know what bitcoin will become in the future, yet we keep accumulating bitcoin continuously using DCA method, and buying the dips. bro that is faith, we all are accumulating bitcoin with the faith that we will become profitable in the future if we can be able to protect our bitcoin holding and if we on keep buying bitcoin and hold for long term.

[Cossyblack]

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

Faith doesn't keep our Bitcoin investment running rather it is our commitment for been consistent in accumulating Bitcoin that does.
If we are just hoping that we will make profits out of Bitcoin without investing a penny on it,it means we're daydreamers . Bitcoin investment requires money to start with and that's why before thinking of investing in Bitcoin,we should have something doing that earns us money even though it's not consistent , it will keeps us ready for the tasks ahead in sustaining our investment while maintaining a healthy Bitcoin portfolio.

So what's is needed is funds and not Faith.

[JayJuanGee]

...There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

Believe it or not, a lot of people are still making these mistakes today, there will always be newbies, people with no experience in bitcoin investment but who want to go into it and sometimes their problems come from the people who advise them, they get feed false enticing news which leads them to make poor investments (trading) choices ultimately leading to regret and loss on the part, financially.
If newbie investors can have access to credible information on how the bitcoin market works then they can invest the right way with the mindset that they are venturing into a long term investment that can run for decades on end and they need to stay away from failed bitcoin traders who want to drag other down with them, because let's face it, most of the people busy giving out these false advices didn't make anything out of their bitcoin trading, yet you see them advising others to still trade, you can keep doing thr same thing and expecting a different outcome.

Each of us is still responsible to figure out the good from the bad information, and sure many of us are vulnerable in terms of hearing what we want to hear and not necessarily engaging in sufficient/adequate due diligence.. including figuring out how to manage our cashflows, which is likely amongst the most important of things to figure out in the beginning of investing into bitcoin.. and we don't even need to have our cashflow management figured out at the beginning, since we should be able to figure out the details as we go, including our getting started investing in bitcoin, even with a mere $10 per week. .and then perhaps figuring out the extent that we might be able to increase that down the road to $100 per week and/or more dedication towards allocating more of our time, energy and/or our monetary value into investing into bitcoin and assuring that our cashflow management systems are sufficiently shored up (including our building and maintaining various kinds of back up funds).

[edited out]

I believe you guys are talking about trading and not investing. Investing is simply just buying Bitcoin then hold it until the price was high enough for you to take profit.
You don’t need experience or deeper knowledge on how to invest on Bitcoin since buying and holding is a simple matter. Even just a simple following Michael Saylor Bitcoin investment path will give you an idea on how to do it the right way since he is the most successful Bitcoin investor so far.

Just buy and hold. Never sell on the dip rather keep buying as simple as that.

I doubt that Saylor is a good example for regular people who need to tend to figure out how to manage their money and to stay within their own personal financial and psychological limitations.

Sure, Saylor show why to be bullish about bitcoin.. yet not too many folks are going to either start out at that level of conviction about bitcoin, and also there are not too many guys who are going to have anything even close to Saylor/MSTR's financial means and likely various resources (and already built-in experience and intelligence too).

Guys can get themselves into some BIG ASS troubles if they are trying to unrealistically model themselves after Saylor/MSTR rather than attempting to be more realistic within their own financial (and real world rather than fantasylandia) circumstances.

I largely agree with Gost ms in terms of both the existence of a learning curve in regards to bitcoin investing (and especially cashflow management) and that experience tends to be one of the best of teachers, even if we might be both engaging in experiences while trying to study the space (and our own financial/psychological circumstances at the same time).

By the way, I get quite skeptical when guys proclaim things to be "as simple as that" since even very basic practices can have a variety of ways in which things can go wrong, even if many of us likely already hold quite a few of the basic skills and/or perspectives, such as various basic math skills and even basic common sense skills.. yet at the same time, even if we possess the basics, we could well end up getting tricked into making mistakes if we come at bitcoin investing and cashflow management as if it were simple, basic and not in need of reverence, humility and respect. 

Each of us has to figure out these matters, including sometimes not even realizing some of our own weaknesses until we are put the the test of practicing our skills over 1-2 cycles or even longer. .and surely if we are paying attention and trying to tweak our practices to improve ourselves and our techniques, then likely we can get better and better and better over the years of application and practice, yet we are not just going to know our limitations without practice, and even folks who come to bitcoin with years of related financial and other life experiences could end up screwing up their approach to bitcoin investing and their cashflow management if they presume that everything is simple and presume that they already know everything that they need to know.  From my own perspective, there surely is a lot of value in regards to trying to remain humble and recognizing/appreciating that there are a variety of ways that we can end up screwing up, even when we think that we have everything under control and properly hedged in accordance with our own financial and psychological circumstances.

Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.

Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

The first thing an investor does is to be patient.

I think the first thing an investor should do is identify if he has discretionary income, then if he does, he sets an accumulation target and identifies how much he would allocate into buying bitcoin consistently and how much goes into building up his backup funds. Additionally determining his long-term holding period should be among the first things to be done.

And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

Holding is good, but I think continuity in accumulating bitcoin is very much important and it can make holding more feasible. As long as you are holding, you should be enlarging your portfolio continuously until you reach your accumulation target and even get to over accumulation status if possible, still within your holding period. Doing so would motivate you to only fancy enlarging your portfolio and holding would be easier and feel natural

No investor ever wants his money to go to waste. So they decide to sell the investment in panic due to excitement, they think that their money may be lost. But if he can immediately decide to hold his mind firmly, then he will be able to profit.

The investor actually wastes his opportunity when he sells in panic and worse still if he sells in loss, then he wasted both opportunity and money. Nothing beats long term investment into bitcoin, maybe erring investors can learn better and stop wasting this golden opportunity to secure their financial future.

I largely agree with your various points Sticky Bomb, including that there is value in regards to trying to outline our various goals and even to circumscribe a going forward method, yet I doubt that anyone is going to end up being so rigid as to establish a plan or to be able to figure out his goals and then to be able to stick to such path, especially since there may be a lot of things that we don't really know in the beginning, so we are acting and setting our targets with ballpark ideas in regards to the direction that we would like to go and maybe even some potential timeline in which we would like to get there.. yet at the same time, there tends to be quite a bit of lack of rigidity in our being able to calculate everything.

Let's say, for example, a guy is in his late 20s and he is planning on investing into bitcoin fairly aggressively with between 15% and 25% of his income, so he anticipates that after 4-7 years he would have had invested 1 years worth of income into bitcoin, yet at the same time, he is not completely sure how bitcoin will perform and he is also not sure about his ability to sustain his income based on various expected changes in his life in the next 4-10 years and beyond, so maybe he has around a $25k per year job, and he is tentatively thinking that he will be able to increase his income in the next 4-10 years (such as doubling it), and he is also tentatively thinking that the value of his income is not necessarily going to rise, even if he is able to double his income in the next 4-10 years, so he is tentatively thinking that by the time that he reaches his target he is likely going to need to support a standard of living of about $80k to $100k in order to either be at his same standard of living and maybe to advance slightly from his current standard of living.

He already anticipates that as he goes, and as the years go on, he is going to need to adjust based on knowns, known unknowns and even unknown unknowns, yet he is still going to ballparkedly plan with expectations that he is going to need to make adjustments at various points along the way that will also attepmt to incorporate anything that he might learn along the way, including adjusting to any mistakes that he might well end up making along the way, too... He actually expects that he will be making some mistakes along the way, even though he is trying to plan and to execute in such a way to minimize the quantity of his mistakes or the severity of any of his mistakes.

[edited out]

I have seen many people who are afraid to invest but they are interested in investing. Again, there are some investors who wait for the cycle that if the price is high in this market, they will buy Bitcoin cheaply in the next cycle market and start investing. This is their wrong idea, because you are going to invest in the best currency in the market or Bitcoin. Now, the more you start your investment journey, the more you will fall behind. Because Bitcoin is limited, if you have the money to buy in this cycle, then I want to say invest in Bitcoin now. Because you may not get such an opportunity in the next cycle. Buy now and hold.

If you can buy the Bitcoin you invest now and hold it, then this investment can be a shining star for you in the next cycle. There is no best time to invest, the best time for you is when you start. You only have to invest with money that you will not need in the next 2 years. A holder's patience is the source of his strength, because he can only make use of his investment when he can be patient and hold the invested Bitcoin.

I agree with everything that you said Lembo69, except you seem to have a traders mindset if you are thinking in timelines that are only 2 years-ish.

You talk about investing for this cycle, and then you cannot even come to any realization that a cycle is 4 years in order to help you with a logical conclusion that a minimum of 4 years holding time would be required to get through a whole cycle. .and many of us also proclaim that each of us should be investing with money that we can afford to lose, so that we might never need the money (or that we are willing to take the chances that we could end up losing the money that we had invested into bitcoin.

But, yeah, of course, each of us likely should remain prepared that we could lose all of the money that we invested into bitcoin, yet there still may well be an anticipation that we are potentially wanting to start to withdraw from our bitcoin in 4-10 years or further down the road.  Many times I suggest that the only reason that we might consider our investment timeline to be less than 10 years would  be based on health and/oir age considerations.

Something seems wrong with your thinking if you consider minimum investment timelines that could go as low as 2 years... since from my perspective, anything around 2 years or even less than 4 years would be trading (gambling) rather than investing.. so it seems problematic to describe any less than 4 year timeline as if it could be considered investing rather than trading (gambling).

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

What I think about this is that once you have a source of income you are good to go, because it's through that source you will be making out your discretionary income needed to invest in Bitcoin, but for your investment journey to be smooth you need to have the basic knowledge about Bitcoin and how to go about your accumulation, alone the line you can learn more and have deeper knowledge on all that pertaining to Bitcoin investment.
As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

You make a couple of decent points Finebone; however, you seem to be creating extra requirements on guys prior to their being able to get started investing in bitcoin.

What is wrong with getting started in the buying of bitcoin (right away and as soon as possible) based on having some discretionary funds available, even if that available amount might ONLY be $10 or $10 per week or something like that... and then as such person is getting started buying bitcoin, can't he work out the various details about his cashflow management and/or other aspects of his investment plan and timeline for investment as he goes rather than having some studying requirements and/or income requirements that he supposedly needs to fulfill prior to getting started?

As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

I disagree with you because faith have a role to play in becoming successful in this life, even in bitcoin investment. Less take a look back to when bitcoin was first created, do you think that those people who bought bitcoin when bitcoin has not shown to be a store of value with potential returns just bought bitcoin and hold without having in that bitcoin will become valuable in the future? Let me explain something to you, Though I may not be accurate in explain what am about to explain now because am not into technical stuffs, but I believe someone like JJG will emphasize more on what am about to explain now and provide us with something more clear. Now to what I want to explain Those who bought bitcoin when bitcoin was first created, when bitcoin has not shown to be a store of value with potential returns, no they bought bitcoin with faith after they carried out some technical analysis and research on bitcoin believing that bitcoin will become something valuable one day in the future. So what are my trying to say in what ever thing you do on this earth faith counts even in bitcoin investment, now less take present for example, we don't know what bitcoin will become in the future, yet we keep accumulating bitcoin continuously using DCA method, and buying the dips. bro that is faith, we all are accumulating bitcoin with the faith that we will become profitable in the future if we can be able to protect our bitcoin holding and if we on keep buying bitcoin and hold for long term.

I think that you are correct Joy- maker in terms that there continues to be some faith that is present with the ongoing investment into bitcoin, yet I cannot see how you are contradicting Finebone's assertion that faith is likely not going to be very valuable without at least some amount of work to accompany it, whether the work is merely thought process and logical or perhaps various preparation actions that some of us might have to take prior to our developing some meaning behind the faith that we have in regards to bitcoin.

I cannot really go back in my own memory regarding how my faith and/or conviction in bitcoin had developed prior to late 2013 since I cannot really recall the extent to which I heard about bitcoin prior to around October 2013.  I recall that I had bookmarked a bitcoin related website in my web browser in around October 2023, and I am pretty sure that I had heard the word bitcoin prior to October 2013, since I can recalll the context of seeing the term bitcoin, I had already had some impression of it, but the impression was merely that I felt that I needed to look into it further, and that was the reason that I had bookmarked the tab in the first place..

By the way in October and even going into November 2013, I had been researching into other investments, and I was specifically looking for some kind of an investment that would be a hedge against the dollar and something like gold, yet I did not like what I had found related to gold in terms of paper gold and fees for moving physical gold around and figuring out how to source physical gold, so then when a person in another discussion thread had told me that he had gotten quite rich off of bitcoin between late 2012-ish and late 2013-ish, I thought that the guy did not know what he was talking about because he was so young and he seemed to have had been merely guessing, yet at the same time, my interaction with the guy stimulated me to go back to the bitcoin page(s) that I had bookmarked in my browser...and so then, as I read through that bookmarked page (that had several sub-references), I was already convinced that I needed to get started and to figure out how I was going to source my first bitcoin purchase(s).. and so for me, I was already receptive to getting started and even formulating a 6-month bitcoin investment plan since I was already in the process of looking for an investment category that I thought would complement my other already existing investments.. and surely I did not need a lot of convincing to get started, and I had also considered my first 6 months investing into bitcoin as a trial period and that I would be employing a tentative buying plan (that was largely DCA) while studying the matter further and reassessing the situation after the first 6 months of trial.   So faith can be composed of a combination of thoughts and actions and even the reinforcement of the thoughts and actions with the passage of time, yet at the same time, if there would be contrary information coming out, then that contrary information likely needs to be considered.

I doubt that guys who came to bitcoin 4-5 years before me were necessarily in any different position from me, except that they would have had even less of a track record than the track record that I saw in bitcoin in late 2013.

[laijsica]

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

Faith doesn't keep our Bitcoin investment running rather it is our commitment for been consistent in accumulating Bitcoin that does.
If we are just hoping that we will make profits out of Bitcoin without investing a penny on it,it means we're daydreamers . Bitcoin investment requires money to start with and that's why before thinking of investing in Bitcoin,we should have something doing that earns us money even though it's not consistent , it will keeps us ready for the tasks ahead in sustaining our investment while maintaining a healthy Bitcoin portfolio.

So what's is needed is funds and not Faith.

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

[Tonimez]

[Edited out]

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

What you call Faith is better referred to as Bitcoin understanding. Faith is more spiritual while Understanding is practical. If a person understands bitcoin, he can be able to invest all round the circle. He trusts that bitcoin could bounce back after a correction period. He does not panic when market dips. This is because of an investors understanding. On the other hand, men that have faith do more of prayers than practice, they pray when price deals (Which also implies panic). They can easily sell off their bitcoin in panic if after a period of prayer, asking that bitcoin returns to normalcy and it doesn't happen.

Most life achievements are not by faith but understanding and practice. An investor starts doing well in bitcoin the moment he understands bitcoin features and their implications. Faith is more stressful and less practical than understanding.  Sometimes when market correction takes too long, faith may not be able to preserve your bitcoin stash but a clear understanding of those principles can sustain your bitcoin for over long periods of market correction without panicking or running into unnecessary loss.

[Barikui1]

[Edited out]

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

What you call Faith is better referred to as Bitcoin understanding. Faith is more spiritual while Understanding is practical. If a person understands bitcoin, he can be able to invest all round the circle. He trusts that bitcoin could bounce back after a correction period. He does not panic when market dips. This is because of an investors understanding. On the other hand, men that have faith do more of prayers than practice, they pray when price deals (Which also implies panic). They can easily sell off their bitcoin in panic if after a period of prayer, asking that bitcoin returns to normalcy and it doesn't happen.

You are actually right and I also share the same sentiment with you bro, because when talk about faith it might be interpreted in two different ways depending the person view.

As a Bitcoin investor, if I don't have faith in Bitcoin and it huge potential I wouldn't even be investing in it in the first place, I would be a bit skeptical about it, but it's because I have faith in it, that's why I invested in it, but on the other hand when talking about faith the person might be talking about buying Bitcoin with the intention of holding, and he has no emergency funds or reserve funds to back up his investment, he just believes that if he prays to God everything will be alright, and I can confidently tells you that anyone with such mindset is bound to fail in his investment because in Bitcoin investment, measures needs to be in place that will safeguard your investment in the rainy days, like having an emergency funds and reserve funds in place in case of real life emergency.

So not doing the right thing and having the mindset that once you pray, everything will be just ok, it's a terrible way to fail in your investment because God will only bless those that put in the work not those that believe that one's they pray without doing what needs to be done, everything will be okay.

[Jostern]

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

Faith doesn't keep our Bitcoin investment running rather it is our commitment for been consistent in accumulating Bitcoin that does.
If we are just hoping that we will make profits out of Bitcoin without investing a penny on it,it means we're daydreamers . Bitcoin investment requires money to start with and that's why before thinking of investing in Bitcoin,we should have something doing that earns us money even though it's not consistent , it will keeps us ready for the tasks ahead in sustaining our investment while maintaining a healthy Bitcoin portfolio.

So what's is needed is funds and not Faith.

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

Whatsoever it is called Faith or Believe, I must tell you that we are over emphasizing too much in all of this, should I have faith and forget about hard work ? I still think that Bitcoins didn't get to this level because of faith and believe but with actually work and consistency in the work rate, there is a popular saying that goes that Faith without work is useless, ever since I started investing in Bitcoin it's all about showing that nature of enthusiasm and confidence to continue pushing and accumulating Bitcoin, people who have been investing in Bitcoin for a very long term and holding for a decades now I think if you should ask them they really would tell you that they didn't get to that level all because of what they believe in but with a very good tremendous level of hard work of achieving there set goals. But if that can keep you motivated I would understand your preference.

[Joy- maker]

[Edited out]

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

What you call Faith is better referred to as Bitcoin understanding. Faith is more spiritual while Understanding is practical. If a person understands bitcoin, he can be able to invest all round the circle. He trusts that bitcoin could bounce back after a correction period. He does not panic when market dips. This is because of an investors understanding. On the other hand, men that have faith do more of prayers than practice, they pray when price deals (Which also implies panic). They can easily sell off their bitcoin in panic if after a period of prayer, asking that bitcoin returns to normalcy and it doesn't happen.

Most life achievements are not by faith but understanding and practice. An investor starts doing well in bitcoin the moment he understands bitcoin features and their implications. Faith is more stressful and less practical than understanding.  Sometimes when market correction takes too long, faith may not be able to preserve your bitcoin stash but a clear understanding of those principles can sustain your bitcoin for over long periods of market correction without panicking or running into unnecessary loss.

I disagree with you bubby, because faith is faith, understanding is understanding you can't refer to faith as bitcoin understanding in matters like this so stop complicating things here.  Even if faith is more of spiritual,  Let me also remind you something incase you have forgotten, there's an ideology here that says stay consistent in buying bitcoin and hold for long term 5 to 10 years or longer and you will be in massive profits, that's if you can be able to accumulate a good portion of bitcoin, protect it and hold it for long term. the things I just said above is what you can refer to understanding in bitcoin, because the people who brought that Ideology has gained knowledge and insights through experience less say people like JJG, Michael saylor and others who have gained knowledge and insights through experience. Now less come down to faith as we all know not all of us who are investing in bitcoin have gained knowledge and insights through experience, some investors here just started their bitcoin investment last year, some this year while some few years ago, now explain to me what is making bitcoin investors who are just getting started for the first time who had not gained knowledge and insights through experience, to stay committed to their bitcoin investment and Keep accumulating bitcoin consistently and hold? Bro that's Is faith playing it own role in bitcoin investment.

[Tonimez]

[Edited out]

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

What you call Faith is better referred to as Bitcoin understanding. Faith is more spiritual while Understanding is practical. If a person understands bitcoin, he can be able to invest all round the circle. He trusts that bitcoin could bounce back after a correction period. He does not panic when market dips. This is because of an investors understanding. On the other hand, men that have faith do more of prayers than practice, they pray when price deals (Which also implies panic). They can easily sell off their bitcoin in panic if after a period of prayer, asking that bitcoin returns to normalcy and it doesn't happen.

Most life achievements are not by faith but understanding and practice. An investor starts doing well in bitcoin the moment he understands bitcoin features and their implications. Faith is more stressful and less practical than understanding.  Sometimes when market correction takes too long, faith may not be able to preserve your bitcoin stash but a clear understanding of those principles can sustain your bitcoin for over long periods of market correction without panicking or running into unnecessary loss.

I disagree with you bubby, because faith is faith, understanding is understanding you can't refer to faith as bitcoin understanding in matters like this so stop complicating things here.  Even if faith is more of spiritual,  Let me also remind you something incase you have forgotten, there's an ideology here that says stay consistent in buying bitcoin and hold for long term 5 to 10 years or longer and you will be in massive profits, that's if you can be able to accumulate a good portion of bitcoin, protect it and hold it for long term. the things I just said above is what you can refer to understanding in bitcoin, because the people who brought that Ideology has gained knowledge and insights through experience less say people like JJG, Michael saylor and others who have gained knowledge and insights through experience. Now less come down to faith as we all know not all of us who are investing in bitcoin have gained knowledge and insights through experience, some investors here just started their bitcoin investment last year, some this year while some few years ago, now explain to me what is making bitcoin investors who are just getting started for the first time who had not gained knowledge and insights through experience, to stay committed to their bitcoin investment and Keep accumulating bitcoin consistently and hold? Bro that's Is faith playing it own role in bitcoin investment.

I may not completely deny the existence of faith in bitcoin to some people of your own ideology but what I know that generally sustains higher percentage of bitcoin investors is BITCOIN UNDERSTANDING. I still stand by that because at that point, you've understood the real factors that could possibly influence bitcoin attitudes and you have also got to understand that Bitcoin Volatility is inevitable. Faith could possibly raise your hope that it will get better, but Understanding would make you wait longer.

Bitcoin understanding is more important for every investor and allows you understand the bitcoin cycles and why you have to hold through cycles possibly 2 cycles at least and/or through 4-10 years. At this point you expect new ATH.

Bitcoin understanding would also make you understand why having Emergency funds and back up funds is paramount. Faith alone would lead you to unsuccessful bitcoin investment when you sell due to natural occurrence. Understanding would let you build cushion against premature sales.  Faith may not let you understand also that you need to be financially knowledgeable and invest mostly by DCA and with discretionary income. Faith does not care about how  you invest, infact it pushes you into investing with all your funds allowing you think everything is all destined to be rosy.

Faith is to Bitcoin Traders as Understanding is to Bitcoin Investors.

[Derekfunds]

Just like you have said we don’t require to get all the knowledge about Bitcoin but just some little details on starting an investment in Bitcoin, But I will disagree with you about having faith for bitcoin investment because it has nothing to do with faith I really don’t think bitcoin got to this level all because of faith, I think you don’t need a stable income to invest in bitcoin but rather what is required is Discretionary funds, For instance you have a stable income and at the end of the week or month after paying your expenses and bills and you don’t have a discretionary income left so how do intend to start an investment. Definitely there are people who are investing in Bitcoin and don’t have a stable source of income but they still invest and accumulate with the little income they have which might not even be stable, but they still stay consistent in there accumulation.  

As for the aspect of faith, it's very funny to think that faith plays a role on how successful you are going to be, because even the bible says that faith without works is dead, so if you don't do whats need to be done, their is no way you will be successful in your investment wether you believe or not.

Faith doesn't keep our Bitcoin investment running rather it is our commitment for been consistent in accumulating Bitcoin that does.
If we are just hoping that we will make profits out of Bitcoin without investing a penny on it,it means we're daydreamers . Bitcoin investment requires money to start with and that's why before thinking of investing in Bitcoin,we should have something doing that earns us money even though it's not consistent , it will keeps us ready for the tasks ahead in sustaining our investment while maintaining a healthy Bitcoin portfolio.

So what's is needed is funds and not Faith.

Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.

Whatsoever it is called Faith or Believe, I must tell you that we are over emphasizing too much in all of this, should I have faith and forget about hard work ? I still think that Bitcoins didn't get to this level because of faith and believe but with actually work and consistency in the work rate, there is a popular saying that goes that Faith without work is useless, ever since I started investing in Bitcoin it's all about showing that nature of enthusiasm and confidence to continue pushing and accumulating Bitcoin, people who have been investing in Bitcoin for a very long term and holding for a decades now I think if you should ask them they really would tell you that they didn't get to that level all because of what they believe in but with a very good tremendous level of hard work of achieving there set goals. But if that can keep you motivated I would understand your preference.

Yea, some of the people that held Bitcoin from 2012 to this current stage was not because of faith but rather they just hold Bitcoin and there are also investors then who might have the believe that in some years coming Bitcoin will be great but the truth is those investors who just hold regardless are the most successful people in Bitcoin because they made up their minds that they are just going to hold no matter what but people who hold because they believe that Bitcoin will be great, some of them sell off because it took Bitcoin years to grow and so, some individual usually do this, when they believed and have faith in God there is an extent they will go through trials they will fall out from faith thinking that God has forsaken them same thing to Bitcoin. The point I am driving to is that anyone who can not have faith for long or till the end should forget about faith and just hold with the mindset that no matter what happened they will...