Buy Buy Buy or Sell Sell Sell?

[Derekfunds]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

If someone wants to buy Bitcoin with their saved money and keep it for 4-10 years by using a secure wallet and go to sleep, I will support it. due to which he will not be influenced by greed or any other rumors. Though there is no guarantee of profit in investing in Bitcoin. But Bitcoin's past behavior and future prospects provide reason for optimism. If someone use DCA strategy in buying Bitcoin by his discretionary income, it is easy for them to hold it for the long term and grow their portfolio. By applying this method, the holder can increase his holding without any risk. Regardless, there is certainly no better strategy than DCA in terms of holding Bitcoin.

I totally agree with you, no strategy is better or can be compared with the DCA method because it allows different individual whether poor or rich to invest despite the price at any given point in time. Without this DCA method some people which their income is not big would not have been able to invest and off cause if the DCA method or strategy is been carry out properly, our portfolio will be so interesting.  There is not guarantee of profit if we invest for short term but there is a high possibility of making profit if we hold for long term.

[ejikeme24]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount.

What did you do then? Is it to have a sleepless night so you can keep monitoring the market movement? Once you store your bitcoin in a non custodial wallet you have absolutely nothing to worry about, since you're the only one that have full control over your asset. talking about  buying a small amount, those who are buying with a smaller amount using the DCA method don't get worried so easily since they have been going with what they can afford to lose so going with this method won't have much effect even though the outcome didn't work as expected as we can't really predict the future, while those that have been buying in lump sum may be tense probably when there's a little correction in the market. And sure, that's how it is when you invest with what you can't afford to lose.

[Humblevirus]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

The fact is that we can't have it all. I am not expecting anyone to use that as an excuse for not starting to invest in Bitcoin. As long as someone has a source of income, they can immediately begin their Bitcoin accumulation journey from their discretionary funds. Waiting to get a certain amount of money before starting to invest should not be the reason someone misses opportunities. In fact, no amount of money is too small to start Bitcoin investment. It is easy to accumulate Bitcoin gradually, even by using the DCA method.

What’s also important is that nobody can predict Bitcoin’s price. Let’s just imagine, recently, a set of people predicted that Bitcoin would drop to $85K in the first week of the month when its price was around $108K. But look at where the price of Bitcoin has increased to today. Nobody should wait for the "perfect" time to start Bitcoin investment because, as it seems, by waiting, you are missing out on some great opportunities.

[Sonia_123]

[Edited out]

Many times folks confuse how much to invest with whether to invest, and surely many of us who have been in bitcoin for longer periods of time will error on the side of suggesting that folks should get into bitcoin... in fact anyone with a discretionary income should get into bitcoin, yet they still need to determine how much to invest into bitcoin and what frequentcy as suitable for their own circumstances.

You are very correct. So many prospective investors confuse when to invest with what to invest (How much). Some folks scare away from bitcoin investment not because they wouldn't want to be there but because they feel they don't have enough money to buy a whole bitcoin.  I met  a friend who was looking forward to invest in bitcoin but couldn't buy because he heard that bitcoin is over $110k. When I realised his draw back, I had to explain to him that he can start with any amount and only buy a fraction of the bitcoin gradually until he can possibly own one bitcoin. He rejoiced and proceeded to invest the much money he could.

Having a discretionary income just like @Jqyjuangee has pointed out is the basic first step of which anyone that earns money would possibly have either monthly, weekly or daily. This makes up your DCA practice and you can invest without minding what price is bitcoin.

Ignorance is an issue of which we should introduce bitcoin properly to any newbie so that he wouldn't see bitcoin as a get-rich-soon scheme in order to make the best outcome from bitcoin.

[Edited out]

You don't always need to be financially prepared to invest into Bitcoin. All you need is to invest from your discretion fund, if you are waiting to be financially prepared or stable to invest, then you may never invest because if we don't creat opportunity to invest we may turn a no coiner because there are a lot of problem to settle and it may not occur to us that Bitcoin is important. But if we invest as little as we can, we may as well be doing other things while life keep going only to realize that we have acculated a sizable amount in due time.

Secondly Bitcoin price fluctuation does not affect Holders but only traders. You can not be a HODLer and thesame time be having the mindset of a trader except you are a trader.

There are many bitcoin Traders who also see them selves and bitcoin HODLers. They usually follow the chart and wait for any slight favourable market opportunities to sell of their bitcoin.

Anyone that buys and sells for minimal gains are not Investors, they are traders, their is no two ways about that, because any one that really want to invest in Bitcoin must be thinking long term not buying and selling for minimal gains, that what traders do not Investors.

Again, I don't totally agree with you when you said that one doesn't need to be financially prepared to invest in bitcoin.

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

This bitcoin investment of a thing should not be a big thing to start with in as much we have source of income that can be discretionary.
If we hope to get lot or enough of money before we can invest, that alone will discourage us to vent into it because that feeling of investing will seem useless because we have already made a lot that best suit our bankrolls. Even as that, there is no specific amount of money that is ever enough to keep going on the long term because when there is no income of profits, that huge money in our savings would be insufficient somedays and if we don't diversify, that source generating the income might be terminated too.
So owning and hodling bitcoin even in the good or bad times gives lot of hope in the future for investors. We either don't need to startup the bitcoin investment with big portfolio but if we can be consistent with a Dcaing, we can as well own that huge portfolio in the long term.

Source of income or no source of income,it is not important that you have a source of income before wanting to invest in Bitcoin, all you need is a discretionary income to start buying Bitcoin, trying to wait for steady income that is preparing yourself financially before purchasing  might be dangerous, you might end up not be able to invest successfully since opportunity comes but once and if we don't use that, we may not be able to get it right again which might just leave us at the level which we will not be able to have the opportunity of owning a Bitcoin that is losing out completely, but if we start purchasing Bitcoin little by little from our discretionary income using the DCA strategy, we will be surprised that at the end of the day we must have accumulate some reason able amount of Bitcoin, since without having a steady income we are able to meet up other of our personal needs.
Diversify when you have not reach your accumulation target might be putting your investment at risk since you are still building it up.

[JayJuanGee]

Again, I don't totally agree with you when you said that one doesn't need to be financially prepared to invest in bitcoin.

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

You don't have to have a source income to get started buying bitcoin, either.

All you need is discretionary funds at the time that you buy, and then maybe after you buy bitcoin on the first time, you don't have discretionary funds for 3 weeks, and then you have discretionary funds and you buy more...and then maybe the next time you have discretionary funds is 7 weeks later, so you make your 3rd bitcoin purchase... and then maybe 3 days later you have more discretionary funds so you make your 4th bitcoin purchase...   and then maybe your 5th bitcoin purchase does not come until 3 months after your 4th bitcoin purchase, since that was the next time that you had discretionary funds... etc. etc. etc.

I keep saying that Bitcoin has nothing more to prove at this stage that it's a store of value and that is why people, institutions and governments that were spelling doom for it are now getting in. Any individuals and entities that doesn't know by now that Bitcoin is one the best  profitable asset to hold will be among those that will say "had I known" in the next 4 to 10 years. It is anybody's best interest to hold Bitcoin for the long term, despite dip and bear seasons it has proven that it can always rally and hit new ATH.

Those who understand that Bitcoin is a very valuable asset can invest very quickly and increase their portfolio a lot and become a successful investor in the future. Those who are still doubting investing in Bitcoin may never be able to invest. Because they still do not understand what Bitcoin is. I think the best part of Bitcoin is that Bitcoin is unstable. As you can see, a few days ago, the price of Bitcoin fell to around $85,000, but today, the price of Bitcoin is $119,000. Those who did not buy Bitcoin out of fear then are now regretting it. So, without thinking about anything, start investing first and hold your holdings for the long term.

Those who are skeptical about Bitcoin now will never be successful in investing in Bitcoin, because they are still unable to realize the true potential of Bitcoin. But the reality is that Bitcoin is currently only moving forward, Bitcoin adoption is constantly increasing, and those who understand this true potential of Bitcoin are the ones who are successful in holding Bitcoin. So to be able to hold Bitcoin, you first need to understand Bitcoin in its true meaning, and you need to have faith in Bitcoin, continuity of investment and strong faith are the most important things, due to which you can keep the mindset of keeping your Bitcoin for the long term and stay away from panicking during times of fluctuation.

Some people are going to learn about bitcoin at a later date.. even current skeptics might not understand bitcoin or want to understand bitcoin, yet at some point in the future, they may well come aware of bitcoin and perhaps be forced into looking into it more and learning about it.

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits.

We can still make profits with short term plans, and many traders make decent dollar profits,.. they just sell higher than they bought.

Part of the difficulty is that it is quite difficult to find any traders who might have had been in a better position after a couple of cycles as compared with the bitcoiner who mostly accumulated and held his bitcoin during that same time frame.

Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

I have proclaimed on many occasions that each time a person buys more bitcoin, he should be planning to hold for 4-10 years or more, and so after a person had been buying bitcoin for more than 4 years, then he is going to have some earlier coins that have matured towards being at least 4 years since purchase, and then as time passes, then more and more of his coins will have had reached a 4 year or more timeline, but yeah as a guy keeps investing he is going to have older coins and newer coins in his bitcoin investment portfolio mix, and surely after 10 years if he is still buying coins, he will likely have 6 years worth of coins that have at least 4 years of hold time and then the coins he bought in the last 4 years would have less than 4 years of hold time.

There are ways to keep track and even to allow some of the purchase times of the coins affect how to treat them, yet at some point the guy might transition into a status in which he is no longer regularly buying bitcoin, or maybe he is just buying on dips, and he may even start to set  up systems of sustainable withdrawal based on price and/or based on time (which I discuss in my thread on the topic of sustainable withdrawal).

[Bitcoin.com97]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

[Princess Leah]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

It's as easy as that and potential investors need to take serious note of that else they'll keep making same errors of waiting to be as rich as Saylor, before they start, I figured that some people don't take their time to study and understand the basic concepts of bitcoin investment cause if they did, there would be no reason to wait for more or bigger income before they start, they'll understand that Bitcoin has given every class of income earners an opportunity.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income.

You don't need to get pissed dear, some people are yet to fully understand what Bitcoin is all about, they're still in their learning process so it's best to correct such people when you come across them.

 Such mentality is the reason many choose to go invest on shitcoins cause they feel the price is fair enough for investment but shitcoins would definitely do it's thing thereby forcing them to take corrections which is falling back to Bitcoin and investing on it the right way.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

That's the ignorance @Promocodeudo was talking, I won't lie, I used to have such mentality that Bitcoin is for the rich not until I got to know, learn and understand what Bitcoin investment is all about, I believe that when people Puck Interest to then they try understand what it's all about then they'll do the right thing, starting small is not a crime it's even better than doing nothing or waiting for the dip.

[JayJuanGee]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

When I was in my earlier years of BTC accumulation like 2014, 2015, 2016 and perhaps even into 2017 and 2018, I used to set various kinds of bitcoin alarms, so I think that I tended to be watching the price more than I am now.. and so I think that sometimes when we are first building our bitcoin position, there can be a lot of tendencies to watch the price.. and even to get emotional about it.

Yet, I also think that we can learn to be less emotional about it, yet at the same time, bitcoin is so volatile and so curious of an innovation, invention, discovery, so even when we might build up our investment systems in order to try to be less emotional, we can still be sucked into watching it a lot and thinking about if there might be ways that we can tweak our various plans based on what the price is doing.

At the same time, we likely still have to develop some sense of where we are at, how we got to where we are at and where we plan to go, even though we cannot know any of it with any exact certainty.  We can ONLY attempt to control the aspects of our bitcoin investment, our cashflow management and various aspects of our psychology by the parts that we can control, which is our own actions and having some plans that we don't necessarily need to have in the very beginning, yet that we can build along with building our investment into bitcoin... which like I frequently suggest getting through a whole cycle is likely quite helpful to any of us.. to help to orient us in terms of also considering how much of a bitcoin stash we might have had accumulated in our first cycle that might affect the extent to which we might need to adjust anything in what we are doing in terms of accumulating or maybe we have to accumulate for another whole cycle and then reassess after two full cycles.

Even with you, iamsange, you have more than two full cycles in bitcoin,.... even more than 9 years, so you are not very much behind me with my 11.5 years in bitcoin, yet each of us has our own ways of starting out and maybe taking some time before we might become more bitcoin focused and maybe less inclined to trade, but surely we each have our styles and sometimes we make changes, and other times we just build and tweak various aspects of our original paths to account for our financial and psychological circumstances and our learnings along the way.

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

You don't buy bitcoin as you wish to buy but you're to buy bitcoin within your own discretionary income so that you don't buy bitcoin with money that is not your discretionary income and end up selling when you need arises. It means that you are no longer investing but gambling. If you want to buy bitcoin make a proper calculation on how much of your discretionary income that you can use to buy bitcoin and have a bitcoin target as you goal to accumulate overtime. We all wish to have 50btc but is it possible. No because we are plebs.

You don't just buy bitcoin and go to sleep but you need keep your bitcoin accumulation ongoing, consistently and persistently with your regular weekly DCA for 4-10 years and above. This will enable grow your bitcoin portfolio to a good size in future and if possible reach your bitcoin target. Bitcoin is getting more expensive as time passes on, this is why you need to accumulate as many bitcoin as possible for your future so that you wouldn't regret in future when you have very little bitcoin because you were waiting and sleeping instead of increasing the size of your portfolio.

Don't forget that it's the size of your portfolio that will determine your profits in future and the measure that you give is what you will receive.

I agree with everything you are saying Merit.s , yet at the same time, each of us needs to recognize and appreciate that bitcoin is such a great asymmetric bet that we have to try  to accumulate as many as we can, but at the same time, we have to make sure that we don't overdo it, and sometimes we might need to error on the side of making sure that we are not investing beyond our capabilities, including being careful with any temptations to employ leverage... so that we make sure that we get better and better at our cashflow management so that we know how far we might be able to go without overdoing it and/or without taking the chances that we might unwittingly end up overdoing it without realizing it.

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

If someone wants to buy Bitcoin with their saved money and keep it for 4-10 years by using a secure wallet and go to sleep, I will support it. due to which he will not be influenced by greed or any other rumors. Though there is no guarantee of profit in investing in Bitcoin. But Bitcoin's past behavior and future prospects provide reason for optimism. If someone use DCA strategy in buying Bitcoin by his discretionary income, it is easy for them to hold it for the long term and grow their portfolio. By applying this method, the holder can increase his holding without any risk. Regardless, there is certainly no better strategy than DCA in terms of holding Bitcoin.

I understand that we have different personality types, and I personally consider bitcoin to be one of those kinds of investments to continue to interact with, even if we might haver had invested big in the beginning, but yes, I understand that we have our own personalities, and some folks do want to get into a kind of set it and forget it, whether it is automatic DCA or maybe just stocking the bitcoin away and just going on with various other aspects of life, and surely there are importances of having a life outside of bitcoin.

[Berry2d]

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits.

We can still make profits with short term plans, and many traders make decent dollar profits,.. they just sell higher than they bought.

I think that if we want to give a try to this, short term investment is even more preferable to trading. Though traders may make decent dollar profit, but can not be compeard to guys that invested in long or short period of time. Expecialy those that was lucky to have bought Bitcoin during it's bearish season and sell in bullrun. Let's say an investor who bought 1 Bitcoin last year when Bitcoin starting price was $44,161.95 or at  and sold this year at current price $123, the person would be making 2x profit of $88k compeard to a trader who might have been trading since the past one year. But even as that we can't still compear that profit margin from the future price. We should prioritize long term investment instead of short term because most guys can easily lose focus to adopt short term without considering that not all short term are profitable. Some short term might Al be bearish but bullish after the first circle.

Part of the difficulty is that it is quite difficult to find any traders who might have had been in a better position after a couple of cycles as compared with the bitcoiner who mostly accumulated and held his bitcoin during that same time frame.

Yes that is exactly what I am saying, trader buy the dip and sell the rips, and of course such amount in repetition will amount to nothing compeard to a HODLer wether short or long term.

[iamsange]

If someone wants to buy Bitcoin with their saved money and keep it for 4-10 years by using a secure wallet and go to sleep, I will support it. due to which he will not be influenced by greed or any other rumors. Though there is no guarantee of profit in investing in Bitcoin. But Bitcoin's past behavior and future prospects provide reason for optimism. If someone use DCA strategy in buying Bitcoin by his discretionary income, it is easy for them to hold it for the long term and grow their portfolio. By applying this method, the holder can increase his holding without any risk. Regardless, there is certainly no better strategy than DCA in terms of holding Bitcoin.

I also support this because it's a good move for anyone who wants to do it, but what I mean by not having to sleep after buying Bitcoin is so that someone can continue to buy more regularly. Although this can be done through limit orders in the market before someone goes to bed, when they might be a little tired from other activities. Because growing a portfolio requires buying more regularly, and that certainly won't be achieved if someone spends more time asleep than awake unless they have a dedicated security guard to make regular Bitcoin purchases, even while they're asleep.

What did you do then? Is it to have a sleepless night so you can keep monitoring the market movement? Once you store your bitcoin in a non custodial wallet you have absolutely nothing to worry about, since you're the only one that have full control over your asset. talking about  buying a small amount, those who are buying with a smaller amount using the DCA method don't get worried so easily since they have been going with what they can afford to lose so going with this method won't have much effect even though the outcome didn't work as expected as we can't really predict the future, while those that have been buying in lump sum may be tense probably when there's a little correction in the market. And sure, that's how it is when you invest with what you can't afford to lose.

Do you think I don't understand the DCA method? I'm simply saying that it's not necessary to sleep too soundly; every investor can sleep normally with a sense of comfort. Furthermore, I'm not saying that people who buy Bitcoin in small amounts are wrong, as this is certainly based on their own capabilities. However, currently, I see people who buy large amounts of Bitcoin not being overly concerned about price corrections and even continuing to buy more when there are price corrections in the market. This means you also need to be able to differentiate between investors who are already very Bitcoin-oriented and new investors who may be developing their mentality to continue buying without panicking due to market corrections.

[JayJuanGee]

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits.

We can still make profits with short term plans, and many traders make decent dollar profits,.. they just sell higher than they bought.

I think that if we want to give a try to this, short term investment is even more preferable to trading.

When it comes to bitcoin, having a timeline of less than 4 years is trading from my point of view.

So for me, short term investing would be 4-10 years, and the reason that guys might reasonably have a 4-10 year timeline would be for health and/or age related reasons...

Otherwise with bitcoin, we should be shooting for 10 years, even though surely something could come up to cause us to have to get out of our bitcoin in less than 10 years.

Though traders may make decent dollar profit, but can not be compeard to guys that invested in long or short period of time. Expecialy those that was lucky to have bought Bitcoin during it's bearish season and sell in bullrun. Let's say an investor who bought 1 Bitcoin last year when Bitcoin starting price was $44,161.95 or at  and sold this year at current price $123, the person would be making 2x profit of $88k compeard to a trader who might have been trading since the past one year.

You are giving an example of a trader even though you are calling him an investor becuase he held his trade for a year.

You are not helping with your attempt to call traders investors.

You might need to rethink your own ways of talking about these matters and/or even how you think about it.

Sure you can have short term and long term traders... .. but just beause someone is a long term trader, that does not turn him into an investor when he is merely getting in and out of bitcoin and even if he happen to make a 2x, 3x, 5x or even a greater profits, that does not convert him into an investor merely because his profits are greater.

But even as that we can't still compear that profit margin from the future price. We should prioritize long term investment instead of short term because most guys can easily lose focus to adopt short term without considering that not all short term are profitable. Some short term might Al be bearish but bullish after the first circle.

Planning to stay at least a whole cycle does help to fit an investor kind of an approach, but it still does not make sense to me for investors to be getting in and out of their bitcoin investment merely because of profits are high.. even if it might be a timeline that is more than 4 years.

We do not necessarily need to agree on these definitions.. or even the purposes why someone might stay in bitcoin for a while

Part of the difficulty is that it is quite difficult to find any traders who might have had been in a better position after a couple of cycles as compared with the bitcoiner who mostly accumulated and held his bitcoin during that same time frame.

Yes that is exactly what I am saying, trader buy the dip and sell the rips, and of course such amount in repetition will amount to nothing compeard to a HODLer wether short or long term.

We may well be saying similar things, yet describing our ideas with some differing frameworks.. or differing ways of expressing what we are wanting to say.

[inearth]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

     

I would support the fact that starting small is better than doing nothing at all. Many people understand that investing requires investing a lot of money but it can also be started with a small amount and it is very valuable even if you start with a small amount. However, whether the investment is small or big, it is better to start investing with a little understanding of the investment, market volatility and investment goals.

Suppose someone has started investing a small part of his income every week. Even though the investment amount is very small, when that person continues to invest slowly, if the market suddenly falls, he will face financial losses. Although this financial loss is very small, if there is no proper knowledge about this matter, the small financial loss will create a reaction in him. As a result, he may decide to sell. Those who we see buying today and selling tomorrow and continuing to invest are basically these small investors. They have not prepared themselves about the market situation and financial risks, so even a small financial loss can have a big impact on them. As a result, he cannot continue with his goals.

On the other hand, another person is also investing a very small amount of money every week but he has started investing with knowledge of investment and market volatility.  In this case, when he continues to invest and suddenly faces a market decline, he will not be upset. He will see it as normal and believe that the price will rise again and he will remain steadfast in his long-term plan.

Whether the investment is small or large, a conscious investor has long-term goals and does not react to immediate emotions. Small investors who can start investing with their own knowledge and make the right decisions over time are the ones who achieve great success at one time.

[Iamgoat]

First off is their anything like late entry in Bitcoin investment, I think the answer is no, yea people might have made the mistake of not investing in Bitcoin when they are supposed to buy that doesn't stop them from investing anytime what matters now is their ability not to keep waiting and wondering about, even though Bitcoin price touches down to $200k as you said those that couldn't by then may still want to buy because they now understand better that what they are actually looking at is not the immediate price rather it is the future that matters, at any point in time, anyone can actually invest, if those that couldn't invest at a low price keep giving themselves excuses, them just know that they weren't actually ready to invest but as for someone that has learnt his or her lesson I think there's nothing anyone will tell him to deter him from investing in Bitcoin even when the price is high.

When bitcoin touches $200k, $2 million and/or even $20 million and higher, anyone who happens to be a no coiner or a low coiner at that time, has no choice, except to buy bitcoin in order to prepare for up and to save their value in something that holds or appreciates in value... otherwise they are not prepared for up... so yeah, it is too bad if they had not actually prepared earlier.. but that is likely the way that we are going to continue to go in regards to bitcoin.. with the low coiners and no coiners continuing to have to buy at higher and higher prices in order to change their status into being an actual coiner, which it likely where many folks are going to need/want to be, at some point, sooner or later, especially if they want to build and/or preserve wealth rather than having to always be working to get money and their savings not sufficiently holding value.

This leads to me asking this question, do you ever thing bitcoin can rise so high that it will hit $20m in the future, whats the guarantee and how can one be so confident that bitcoin will not loose  before it rise so high? i also have this believe as a matter of time, bitcoin will soon get a competitor that can be able to compete with it which can give people an alternative to go for the coin instead. just like the bitcoin became an alternative to the fiat. the fiat was what we knew for ages before the coming of bitcoin, I am scared a time will come bitcoin will lose its value once it has a very strong competitor.

i know what I'm saying is not what will happen now or in the nearest future (maybe after the people of our era cease to exist, I don't know) but there will come a time when bitcoin will no longer be relevant or so highly valued, are experts already looking at that future and what are the alternatives?

Unfortunately, you can't predict the future. 2050? I think it could be much closer. Maybe we'll get one million bitcoins by 2030.

What he said is a general principle, and it's important to remember that the reason Bitcoin's price will continue to rise isn't due to developments or changes in the times. Rather, it's specifically due to supply and demand. Bitcoin's price increases because of high market demand, so don't associate it with something broad without understanding it.

Have you bought it? You should have done so during previous downturns.

Price fluctuations will always occur at any time, even if you wonder whether it is too late to buy Bitcoin. I dare say no, there is no such thing as too late, even if the price has reached a record high. In fact, this should motivate you to continue increasing your Bitcoin holdings, remain consistent, and stick to the principle of buying regardless of the situation and price. Because you are not a trader who buys when prices are low and sells when prices rise, as is happening now. Your primary focus is the long term, so as long as your discretionary income is available, there is no reason to stop buying.

There is no such thing as being late in buying Bitcoin, no matter what the price is, maintaining consistency and seeing every moment as an opportunity, this is the identity of a responsible investor. You should never think about selling but always about accumulating, no matter whether the price goes up or down a lot, you should follow your DCA and keep buying consistently. A real investor never watches the market situation, rather he keeps investing consistently in a disciplined manner. So the main thing is to hold on, if you have the ability then you should hold on as long as possible, if you have the ability or the convenience you should never keep yourself away from holding Bitcoin, because it will not give you anything significant in the short term or in cash, but it is definitely capable of creating a big financial foundation for you in the future. And it can bring you a level of success in the future that you may never expect, so there is a very extraordinary potential for success in the future, so it would never be wise to miss out on this potential, Bitcoin is the most successful investment compared to all other types of investments and it is certainly less risky in the long run, so if you can afford it, you should definitely holding Bitcoin.

This is true... It is not over until it is over. Nothing is impossible and anything can happen at anytime so it is never too late to take decisions about investing in bitcoin because there's no better time than now. Bitcoin as a digital currency has provided us an opportunity, it is now left for you and me to take advantage of that opportunity or let it sleep off our sleeves. Procrastination is one factor which have placed people at a disadvantage, some which are even lifetime. So it doesn't matter whatever the worth of bitcoin, just buy and keep it and avoid settling for a low coiner or no-coiner, try as much to invest and take it a priority to do so. Many people have challenge in investing because they do not place a priority to investing. They see it as a thing of option but investing in your future is as important as your presence particularly in an unbalanced economy and volatile foreign exchange market.

[adultcrypto]

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

your faith in bitcoin is more like the prerequisite thing that gets you started in bitcoin investment, once you have started, you should not be talking about not having too much faith in bitcoin or not, what you should be talking about is how you can effectively remain invested for the long run and set parameters in place that will help you get the best from your investment...

You can start investing in bitcoin with little faith and still succeed. I don't us to attach too much religion to financial investment because that can bring some form or careless behavior with the belief that their faith will correct such actions. What is needed to succeed in bitcoin is not all about faith but following the right approach which is investing with only discretionary income, setting up emergency funds and ensuring you plan long term. Even if you are new to bitcoin and do not have much faith in it but you follow this step, you will succeed as a bitcoin investor. Key point is, don't over complicate the process.

[sotelorene]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

I think someone can start with the little they have if after Investing it won't choke them later but if someone knows that if after Investing in Bitcoin their responsibilities and there needs will choke them then I will suggest they don't invest in Bitcoin at all because it makes no sense after investing you went back to sell your coin because of your inability to take care of your needs and wants.

If the person feel the big contract will definitely come and they don't have all it takes to invest and maintain their investment at the moment I will advise they wait for the big contract and while they are waiting for the contract they are also hustling to make things work out so should in case the big contract doesn't work out they won't be hopeless and stranded. Remember it is not every time, it is better to start small because sometimes you will regret why you started small.

[Gallar]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

In essence, several important things to do or fulfill before investing in Bitcoin are: Your living expenses must be met. Don't let your needs go unmet before you can invest in Bitcoin. Because, ultimately, maintaining your Bitcoin investment will be difficult, as you may have to sell your Bitcoin to meet your needs. Secondly, you must have an income, whether small or large. Having a source of income can meet our needs, and when we have unused money, or discretionary income, it can be invested in Bitcoin. So, in essence, it's that simple: the requirements for someone who wants to start investing in Bitcoin. So, you don't need to be rich or have a lot of discretionary income to start investing in Bitcoin. Investing in Bitcoin can be started with a relatively small amount (as little as $10). So, with these things in mind, investing in Bitcoin won't feel overwhelming.

You don’t need financial preparation to invest in bitcoins, all what is required of you to start investing in bitcoin assets is discretionary funds, after paying for your expenses, then you can now consider investing in bitcoin holdings, I hear guys who are saying you need to be financially stable to start investing in bitcoin, then I have to ask them what if you’re never financially stable does it mean you would never invest in bitcoin? Because not everyone who are going to be wealthy and rich or being financially stable, the moment you keep procrastinating that is when the problem comes because you will keep loosing opportunities of buying and accumulating bitcoin,

There are guys who have been investing in bitcoin in a long term now and have never been financially stable all what they have been investing with is just a discretionary income as little as it is they have been accumulating bitcoin, which have been a very good way of investing in bitcoin.

Yes, I agree with your assumption, because investing in Bitcoin doesn't require you to be rich first. But a very important point to note is that if we want to invest in Bitcoin, we must be able to cover all our basic needs, such as food, transportation costs, and childcare (if we already have children). Only then can the remaining money, known as discretionary income, be invested directly in Bitcoin. So, do you think my assumption is wrong? I don't think so. Because the content of my assumption is the same as yours. However, I elaborated my assumption to make it easier for beginners to understand. In my post, I didn't say we have to be rich first to invest in Bitcoin. I simply said that we must have an income (small or large) to invest in Bitcoin. Because if we don't have a source of income, how can we have discretionary income? So, don't misunderstand the content of my assumption.

[Tungbulu]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

When I was in my earlier years of BTC accumulation like 2014, 2015, 2016 and perhaps even into 2017 and 2018, I used to set various kinds of bitcoin alarms, so I think that I tended to be watching the price more than I am now.. and so I think that sometimes when we are first building our bitcoin position, there can be a lot of tendencies to watch the price.. and even to get emotional about it.

Yet, I also think that we can learn to be less emotional about it, yet at the same time, bitcoin is so volatile and so curious of an innovation, invention, discovery, so even when we might build up our investment systems in order to try to be less emotional, we can still be sucked into watching it a lot and thinking about if there might be ways that we can tweak our various plans based on what the price is doing.

At the same time, we likely still have to develop some sense of where we are at, how we got to where we are at and where we plan to go, even though we cannot know any of it with any exact certainty.  We can ONLY attempt to control the aspects of our bitcoin investment, our cashflow management and various aspects of our psychology by the parts that we can control, which is our own actions and having some plans that we don't necessarily need to have in the very beginning, yet that we can build along with building our investment into bitcoin... which like I frequently suggest getting through a whole cycle is likely quite helpful to any of us.. to help to orient us in terms of also considering how much of a bitcoin stash we might have had accumulated in our first cycle that might affect the extent to which we might need to adjust anything in what we are doing in terms of accumulating or maybe we have to accumulate for another whole cycle and then reassess after two full cycles.

Even with you, iamsange, you have more than two full cycles in bitcoin,.... even more than 9 years, so you are not very much behind me with my 11.5 years in bitcoin, yet each of us has our own ways of starting out and maybe taking some time before we might become more bitcoin focused and maybe less inclined to trade, but surely we each have our styles and sometimes we make changes, and other times we just build and tweak various aspects of our original paths to account for our financial and psychological circumstances and our learnings along the way.

You've hit the nail on the head. When a person is first starting out with Bitcoin accumulation,  it's normal to get glued and continually monitor the Bitcoin's price chart and get emotional when there's a sudden movement in the market,  but the more you proceed and gain more experience, you'll be able to develop your own personal strategy that'll help you manage your emotions and focus more on the areas of your investment that aren't really beyond your control as an investor.

I also love the fact that you laid emphasis on having a solid plan and being aware of you own actions and psychology. It takes a lot of time to build a solid Bitcoin stash and it's more than okay to tweak and make necessary adjustments as you proceed. It can be incredibly helpful to get through a whole cycle because you'll be able to orient yourself and make more better and informed decisions about your Bitcoin portfolio.
I also love how you took out time to highlight the uniqueness of each person's journey with Bitcoin. Everyone starts out differently and we all have our own special and unique financial situation and approaches. Some people might see the need to indulge in trading, while others might focus more on long term accumulation of Bitcoin. It's all  about discovering what really works for you and suits your own unique financial situation and also being flexible with your approach in order to be able to make necessary adjustments and changes when needed.
Your points about controlling what you can control,  managing your emotions and having a flexible plan that is capable of changing and evolving overtime is absolutely notable, and yeah having more than one cycle under your belt can be pretty helpful as it can potentially provide valuable insights and perspective to the investor.

[Finebone]

I think someone can start with the little they have if after Investing it won't choke them later but if someone knows that if after Investing in Bitcoin their responsibilities and there needs will choke them then I will suggest they don't invest in Bitcoin at all because it makes no sense after investing you went back to sell your coin because of your inability to take care of your needs and wants.

If the person feel the big contract will definitely come and they don't have all it takes to invest and maintain their investment at the moment I will advise they wait for the big contract and while they are waiting for the contract they are also hustling to make things work out so should in case the big contract doesn't work out they won't be hopeless and stranded. Remember it is not every time, it is better to start small because sometimes you will regret why you started small.

I think that you are making it looks complicating here, you don't necessarily need to have it all to start investing in Bitcoin, all you just need is a discretionary income to start your Bitcoin investment, and take note that you may decide to invest this week, but if you didn't have a discretionary income next week end, their is nothing wrong about that, you might skip that week and buy again anytime your discretionary income is available, so why am saying this is that you are not obligated to buy every week or month ending, you only buys when your discretionary income is available in other not to get involved in unnecessary pressure that may affect your Bitcoin investment.

[Aanuoluwatofunmi]

It's obvious that now is when some are would have realized what we have been talking about, investing in bitcoin and holding being profitable, I can recall back then, when the market plummet from $90,00 to $78,000 sometimes this year, then many thoughts we are done with the bull season and begin to accommodate for fear of missing out, then some understand that we are yet to arrive the last all time high for the season.

Those that took the advantage of buying the dip and holding them are now obviously into profits, because even as we speak now, we are not done with the all time high, the market may pump further anytime from now, while only those that hold will be part of the benefits, if we can still have some people that will be able to hold further till we reach maximum high for the season or even till after the next halving coming 2028.

[Loyang]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and you can learn all the things along with investing. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.