Buy Buy Buy or Sell Sell Sell?

[Sim_card]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.

[Kelward]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.

If you read my post very well you will understand that I never encouraged newbies to trade and in the last sentence of my post I emphasized that investment is safer than trading. I also made emphasis in the first paragraph of my post that trading is not for everybody, it means that if you don't know how to trade that is when it'll be a trap for you, I never hyped it. I know a few traders that are successful who makes far more profits than loses and that is why I don't think that trading is a trap for everybody.

I cannot advice or encourage any newbie that wants to make profit in Bitcoin to start with trading because it is very risky and it's not something that people should rush into. Why many people fail in trading is because they think that it's easy and a get rich quick scheme, they get in with lack of experience and knowledge. They're in a hurry to make profits and in seconds they can lose all their trading funds. Bitcoin investment is far better than trading anyday but I wouldn't condemn trading because I know traders that are making good profit on the short term. Clearly I'm not giving a trading advice.

[Rockson1]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

nah nah my friend, you're getting it wrong and it is as if you're of side of trading, so your advise is for people to start trading right, dude trading bitcoin is trap man and it is never an option unless it is what you've chosen and if anything should happen you settle with the consequences alone, was bitcoin investment created for a long-term I ask buddy? Why will you even thought of such, this isnt healthy for newbies and you know that, in as much as we have heard about professional traders, we also know that they lose too so what's special about that, so you prefer learning skil to investing gradually with what you can afford consistently, I can't believe thats coming from a bitcoiner in this era that many people want rewrite their wrongs in bitcoin investment, hey man trading is gambling whichever you.man to twist it, there is no evidence put away that fact.

Just imagine after making it look as if we should accept trading, you started showing us the other side by outlining the needs for people to invest in bitcoin for a long term, I want to ask you, which side are you please, because you are confusing people although not me because am already a bitcoiner and I will like to know if you're really for us.

[Tonimez]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

Yes money and understanding are the main principal things in Bitcoin because for you to invest you must have money which is  a source of income and for you to invest that money in Bitcoin you need to have an understanding of how it works and how to go about it. Over the time I realized the problem most persons have in Bitcoin investment is lack of faith, some don't believe Bitcoin has come to stay and this kind of mindset or believe can affect the way one observe and invest in Bitcoin, some people believe in Bitcoin but they are not consistent with their accumulation, if only we can picture or see what Bitcoin holds in the future we wouldn't joke with our investment.

You’re right about money and understanding being the key to bitcoin investment, but you also need to understand that having a discretionary income is essential as it will help you keep up with accumulation of Bitcoin. Having money and having money for investment is two different things, you can have money which might not be enough for investing in bitcoin. Talking about understanding, I think one of the things to understand is that discretionary income should be considered when investing in Bitcoin at all time.

I think Faith isn’t a prerequisite for investing in bitcoin because emphasizing bitcoin potentials without acknowledging its risk factors portrays an incomplete picture. Bitcoin price swings can be brutal, the risks are high like volatility and regulatory changes, so we’re always advised to invest only money that we can afford to lose and that’s the more reason why considering having discretionary income is essential. This comes after all your essential needs and bills are being paid for, then you can invest with what’s left in your discretionary income. You just need to align with your financial goals and risk tolerance, then have confidence in Bitcoin potentials.

There cannot be any successful long-term bitcoin investment and holding without a suitable discretionary income and this basically comes from having a stable source of income where you earn regularly by weekly or monthly. This will allow you to take care of your responsibilities and plan what you have no matter how small it is. A person can be a large income earner with little or no discretionary income while another person can also be an average or low income Earner with average amount of Discretionary income. This is because everyone has different level of responsibilities which until they're all sorted, there's no discretionary income for you and this comes at intervals.

Faith is not an investment strategy at the first instance because faith neither invests nor holds, it is your personal understanding based on conviction and trials that would let you hold your bitcoin for long or rightly. Sometimes we focus more on assumptions and forget the major work of investing. Too much focus on faith mostly cause bitcoin gambling by selling and believing to by back cheaper.

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.

If you read my post very well you will understand that I never encouraged newbies to trade and in the last sentence of my post I emphasized that investment is safer than trading. I also made emphasis in the first paragraph of my post that trading is not for everybody, it means that if you don't know how to trade that is when it'll be a trap for you, I never hyped it. I know a few traders that are successful who makes far more profits than loses and that is why I don't think that trading is a trap for everybody.

I cannot advice or encourage any newbie that wants to make profit in Bitcoin to start with trading because it is very risky and it's not something that people should rush into. Why many people fail in trading is because they think that it's easy and a get rich quick scheme, they get in with lack of experience and knowledge. They're in a hurry to make profits and in seconds they can lose all their trading funds. Bitcoin investment is far better than trading anyday but I wouldn't condemn trading because I know traders that are making good profit on the short term. Clearly I'm not giving a trading advice.

The truth is that there are many posts in this forum and this thread of which anyone who wishes to be informed would get the right information likewise anyone who wants to play around. Newbies in this forum may not actually be newbies in bitcoin investment because I strongly believe that most people have learned about bitcoin and may have acquired some bitcoin before learning about this forum. Most of them who are already into bitcoin investment before now must have tested either Bitcoin Trading or Bitcoin investment (Holding) and could possibly act by their experiences.

All we try to achieve here is bringing a near common agreement as to what anyone ought not to do if he doesn't wish for losses. Whichever way, there are people that would never stop Trading bitcoin no matter the losses they encounter instead they quit bitcoin investment completely. However, if anyone should read carefully through the posts, he would understand that bitcoin investment is still the leading force of hope. Holding allows you make the best out of every single bitcoin you acquire with time and reduces the risk of leaving bitcoin investment completely due to losses. Every bitcoin investor wants to make gains, but attaching greed causes most of the losses in bitcoin.

[Muba20]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

Yes money and understanding are the main principal things in Bitcoin because for you to invest you must have money which is  a source of income and for you to invest that money in Bitcoin you need to have an understanding of how it works and how to go about it. Over the time I realized the problem most persons have in Bitcoin investment is lack of faith, some don't believe Bitcoin has come to stay and this kind of mindset or believe can affect the way one observe and invest in Bitcoin, some people believe in Bitcoin but they are not consistent with their accumulation, if only we can picture or see what Bitcoin holds in the future we wouldn't joke with our investment.

You’re right about money and understanding being the key to bitcoin investment, but you also need to understand that having a discretionary income is essential as it will help you keep up with accumulation of Bitcoin. Having money and having money for investment is two different things, you can have money which might not be enough for investing in bitcoin. Talking about understanding, I think one of the things to understand is that discretionary income should be considered when investing in Bitcoin at all time.

Investing in Bitcoin requires money. If there is no money, then it is not possible to invest. In the case of investing in Bitcoin for the long term, only those investors who have a discretionary income will be able to invest in Bitcoin for the long term. An investor may not have a high monthly income, but he can also be suitable if he is determined to invest. If a part of the discretionary income can be invested regularly, then it is certainly possible to increase the amount of Bitcoin accumulated in long-term investment. But if an investor does not have a discretionary income, then he will not be able to do that. At some point in the investment, his investment may be stopped for any reason. Those who have a regular income will be able to invest a part of their discretionary income in Bitcoin if they try.

[Achalugo BTC]

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

[yixichloro2xx]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

Yes money and understanding are the main principal things in Bitcoin because for you to invest you must have money which is  a source of income and for you to invest that money in Bitcoin you need to have an understanding of how it works and how to go about it. Over the time I realized the problem most persons have in Bitcoin investment is lack of faith, some don't believe Bitcoin has come to stay and this kind of mindset or believe can affect the way one observe and invest in Bitcoin, some people believe in Bitcoin but they are not consistent with their accumulation, if only we can picture or see what Bitcoin holds in the future we wouldn't joke with our investment.

You’re right about money and understanding being the key to bitcoin investment, but you also need to understand that having a discretionary income is essential as it will help you keep up with accumulation of Bitcoin. Having money and having money for investment is two different things, you can have money which might not be enough for investing in bitcoin. Talking about understanding, I think one of the things to understand is that discretionary income should be considered when investing in Bitcoin at all time.

Investing in Bitcoin requires money. If there is no money, then it is not possible to invest. In the case of investing in Bitcoin for the long term, only those investors who have a discretionary income will be able to invest in Bitcoin for the long term. An investor may not have a high monthly income, but he can also be suitable if he is determined to invest. If a part of the discretionary income can be invested regularly, then it is certainly possible to increase the amount of Bitcoin accumulated in long-term investment. But if an investor does not have a discretionary income, then he will not be able to do that. At some point in the investment, his investment may be stopped for any reason. Those who have a regular income will be able to invest a part of their discretionary income in Bitcoin if they try.

You made a very nice point that without money, there is  no investing, simple as that. Bitcoin is not some magic shortcut that skips reality. But the key takeaway here is that even with a modest income, if someone is consistent and intentional with their discretionary funds , no matter how small their funds is , they can still build a decent position over time.....

It is  really not about how much you earn, but how committed you are to stacking bit by bit. Of course, life happens income can change, emergencies come up but that is why flexibility and discipline are both important. The goal is not to throw your whole paycheck into Bitcoin, but to invest what won’t keep you up a night....Consistency over time beats trying to make big moves once in a while.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

I really get your points that , waiting around for the perfect dip can feel like waiting for rain in dry season which is possible though, but you might grow grey hair first......For most folks, especially those working with limited discretionary income, the better move is to just stay consistent. DCA turns the noise down and the progress up. You are  not trying to time the market like a wizard, you are  just showing up steadily and that in itself is powerful.

You really said this well about patience, persistence, and discipline. That trio is like the holy trinity of long term success. Bitcoin rewards those who play the long game, not the ones who panic every red candle. So even if the stack grows slowly, it is growing and that momentum builds not just wealth, but confidence and resilience too.

[Loyang]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

It is never good to trade If you want to be a trader then you will get a lot of good ideas about trading here. https://bitcointalk.org/index.php?board=8.0

But it is never good to focus on trading. You should always invest in the long term. There is a lot of risk in trading and you can lose all your money by trading. So it is always good to hold your holdings in the long term. Let me give you some examples between trading and investment.

Investment:

*Investment is long term, such as a period of 8 to 10 years.

*The risk in investment is very low

*If you can hold your investment patiently for a long term then you may be profitable.

*You do not need much to invest, just have faith in Bitcoin, basic knowledge about Bitcoin and a source of discretionary income, you can start investing.

Trading:

*I think trading means risk, because in trading you never know what will happen, there are many tricks in trading.

*It takes a long time to learn trading, many people can't learn even in 4 to 5 years and during this time they lose a lot of money.

*I am telling you some information about what you need to learn for trading education: 1 Candlestick
2 Candle Momentum
3 Train Line, etc.
You have to learn a lot. There is a lot of risk in trading, so it is never right to do trading, always keep in mind to invest for the long term

[SOKO-DEKE]

Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.

Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor.  It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.

It should be known by everyone that, despite the long-term holding, profits in Bitcoin are not fully guaranteed. With that point, I believe people will not be as greedy and invest outside their discretionary income. As far as someone is using their discretionary income to accumulate Bitcoin from time to time, they will not have any problems with Bitcoin investment, and they will not regret it. Even if it takes a few years for such  person never seen profit from it Bitcoin investment,despite the fact that Bitcoin profits are not guaranteed, it is still seen as one of the best investments based on the growth Bitcoin has experienced in recent years.

[IceLincoln]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

nah nah my friend, you're getting it wrong and it is as if you're of side of trading, so your advise is for people to start trading right, dude trading bitcoin is trap man and it is never an option unless it is what you've chosen and if anything should happen you settle with the consequences alone, was bitcoin investment created for a long-term I ask buddy? Why will you even thought of such, this isnt healthy for newbies and you know that, in as much as we have heard about professional traders, we also know that they lose too so what's special about that, so you prefer learning skil to investing gradually with what you can afford consistently, I can't believe thats coming from a bitcoiner in this era that many people want rewrite their wrongs in bitcoin investment, hey man trading is gambling whichever you.man to twist it, there is no evidence put away that fact.

Just imagine after making it look as if we should accept trading, you started showing us the other side by outlining the needs for people to invest in bitcoin for a long term, I want to ask you, which side are you please, because you are confusing people although not me because am already a bitcoiner and I will like to know if you're really for us.

Is it a contest that we’re choosing sides or a competition of investments… Kelward is just saying we can’t totally condemn trading just because we’re not doing it or we feel it’s a bad investment. The thing is Trading is highly risky and it’s not advised for newbies to get into, it’s complicated not as simple as investing.
This thread is for talking about buying bitcoin, growing and maintaining your investment, I guess that’s why many here don’t support the idea of trading.
I don’t know if some of the people who post here are aware of this, that there are people who make gains from trading, no matter how bad it might seem to you.
Even if we promote investment by Dollar Cost Average, trading and gambling will always be a means for people.

[I_Anime]

Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.

Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor.  It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.

It should be known by everyone that, despite the long-term holding, profits in Bitcoin are not fully guaranteed. With that point, I believe people will not be as greedy and invest outside their discretionary income. As far as someone is using their discretionary income to accumulate Bitcoin from time to time, they will not have any problems with Bitcoin investment, and they will not regret it. Even if it takes a few years for such  person never seen profit from it Bitcoin investment,despite the fact that Bitcoin profits are not guaranteed, it is still seen as one of the best investments based on the growth Bitcoin has experienced in recent years.

Yes you are right concerning the fact that there’s no guarantee that bitcoin will continue to go down or up too . But base on past performance bitcoin has proven to be among the best investments so far , which as even made some folk to regret not taken action earlier.

So using discretionary is a smart move tbh , it will help you to keep track while managing your normal daily expenses, making use of dcaing strategy . So still I believe if one start investing now he or she will still end up with some good profit at the end.

[Obulis]

that is why i always advise  newbies over time that at your earliest stage of your Bitcoin journey it is always advisable to learn everything that you needed to know about Bitcoin investments .

Trying to learn all about bitcoin before getting started can be disturbing procastination might come in and you may not be able to start buying bitcoin, there are experience you will get when when you get started then waiting to learn everything before you start buying bitcoin, if you already have some little knowledge about and you also see that you have a discretionary income you can get started on that process you can be learning gradually about bitcoin and still be buying bitcoin and that will be the best because the time you will be waiting and learning bitcoin you can actually use it to be buying bitcoin using the dca method consistently and hold for long time.

So you mean without having any knowledge about Bitcoin, I can invest? Because I don’t think someone can just wake up a day without knowing the process of how to buy Bitcoin and say he or she want to invest in Bitcoin, everything needs to be learned that is why it is advisable to know about Bitcoin before investing in it, i don’t think knowing about Bitcoin before buying is a wasting of time and it will never be a waste of time to me because in anything you do you have to know what you are doing to avoid regretting at the end.

Although time wait for nobody and there are different ways to invest in Bitcoin but some people find it difficult to understand, some people might be thinking negative about it or fear to not get scammed at the process when they never know much about Bitcoin, as far as Bitcoin is still in the market and everyone can invest in time with any amount you are capable of investing, I will advise for newbies should understand take their time to learn before taking action, it won’t take long and I believe they will understand.

Honestly speaking, judging by my experience of investing in Bitcoin, I think somehow we should know a little about Bitcoin, most importantly having a basic understanding and knowledge about Bitcoin how it works and how to buy and accumulate and how to stay consistent in terms of accumulating Bitcoin, and I think whatever that requires learning should actually take some time like you’re referring for someone who have some interest to take a time and learn I really do not think that whichever way that we decide to learn everything about bitcoin before investing, I think we would definitely be wasting time and missing out on opportunities.

I don’t think it’s really a good advice for a pleb or a no coiner who have an interest to invest in Bitcoin, to take their time and learn about Bitcoin, then surely they must be missing out on opportunities that comes with investing in Bitcoin, we can always start investing and be learning along the line.
Honestly speaking I didn’t learn everything or take my time to learn anything before I started investing in bitcoin, it was just some little details, believe me most of the things I learnt and know about Bitcoin, it was after I have started investing in Bitcoin I was learning while I was still accumulating on a weekly basis, so newbies can always take this approach of accumulating and learning instead of waiting to learn everything.

Getting started is important.. and so no one wants to lose money, so likely they have to figure out whether they have $10 or not and they have to figure out from where they are going to buy their first bitcoin.. so if it is on an exchange or something else, they may well have to learn how to set up the account or perhaps if they are getting their first bitcoin from a friend, then they have to figure out where they are going to store their first bitcoin without losing it...

Other things about bitcoin and their cashflow management they can learn as they go, and surely if they already know that they have poor cashflow management skills, then they still have to figured out whether they have $10 or not, and if they make a mistake about their actually having the $10, then they will have to suffer the consequences of any losses that they incur, so they should  temper their actions in accordance with the knowledge that they have, since none of us should want to put our money into bitcoin and then lose it right away because we either did not have $10 to spare or because we don't have enough knowledge about choosing which kind of an account to create in order to start to accumulate bitcoin through such account.. including if that exchange is relatively safe, which we might not really know the answer to that either, yet it still might be acceptable to learn about the exchange as we go and limit our initial transaction until we learn more about various transactional basics...

and then another question may well come up related to our ability to continue to buy $10 or more every week, and if we don't have an income, we might not be able to continue to buy bitcoin until we get more funds coming in, including we might need to figure out how much money we have available each week after accounting for our expenses...

In the very beginning cashflow management questions are likely similarly relevant as compared with what we think about bitcoin as an investment as compared with other places that we might choose to place our extra money.   See my list of 9 personal factors, and what we think of bitcoin is just one out of the 9 factors.  We do not necessarily need to know the answers to all 9 factors in order to get started, but it might be nice that we have some ideas about them and that we might coninue to look into them if we plan to contnue to invest into bitcoin on a weekly basis or some other periodic timeline.

Good point there, starting with Bitcoin makes it necessary to  both have understanding of the technical concepts and financial knowhow. A clear but crucial approach is deciding if you have $10 left over. Using a secure wallet, even if just learning on the go, reduces early risks.  If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.

[Rockson1]

Is it a contest that we’re choosing sides or a competition of investments… Kelward is just saying we can’t totally condemn trading just because we’re not doing it or we feel it’s a bad investment. The thing is Trading is highly risky and it’s not advised for newbies to get into, it’s complicated not as simple as investing.
This thread is for talking about buying bitcoin, growing and maintaining your investment, I guess that’s why many here don’t support the idea of trading.
I don’t know if some of the people who post here are aware of this, that there are people who make gains from trading, no matter how bad it might seem to you.
Even if we promote investment by Dollar Cost Average, trading and gambling will always be a means for people.

You are the one that's misunderstanding everything, no one is taking side as perceived by you, it is funny, you said we can't totally condemn trading because we are not into it that's sound like statement of a trader then, so I want to ask you, something that you think thats not good for newbies to partake in this space, do you think such is really adviseable generally, there are reasons why we condemn the so called trading, that reason is the risk you mentioned, don't you think instead of investors to risk their money in trading, it will be better for them to  invest it in bitcoin either gradually or at once as they can at ease?, did I just see you say that trading is not as easy as investing in bitcoin, if so,  why the whole drama.

So if gambling and trading is means of survival for some people, are you advising people to take the two up as their major source of income because the last time i checked, gambling and trading has much uncertainty surrounding them and people still lose while engaging fully or halfway in both, so can I please know your stand, dont continue playing smart by dangling around, just be specific and stand your ground because as it is, I don't know the category you belong to, if you're a trader or an investor although the choice is yours, the decision is personal too.

[Miramax12]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.

Absolutely, Bitcoin trading is really not a good idea is a can of hole where one can easily fall in, i think i see it as killing your mindset, trading Bitcoin on the short period is very very unusual because it's volatile therefore  very risky. There are experts traders that are making a good  profit on the short term run, trading is a mere things that requires learning, acquiring skills to be profited and maxima lost. It is regarded that if you do not  learn the good skill of trading before embarking on it you are just playing over your funds. investing on Bitcoin for the long run it is very potentials to always stack to long term run the capital is safer...

[Localhostspeed]

Yes you are right concerning the fact that there’s no guarantee that bitcoin will continue to go down or up too . But base on past performance bitcoin has proven to be among the best investments so far , which as even made some folk to regret not taken action earlier.

So using discretionary is a smart move tbh , it will help you to keep track while managing your normal daily expenses, making use of dcaing strategy . So still I believe if one start investing now he or she will still end up with some good profit at the end.

You don't really need a soothsayer to tell you that Bitcoin will appreciate in the future. Look at this way, no serious traditional asset has remain the value it was many years ago, even though some growth are disappointing, they are preserve the value of investors but look at Bitcoin, even if today Bitcoin price goes to $60k today, nobody can say it's hasn't done well, the only downside is that people that bought at the top are going to be weak, that's the default feeling of the market but that's an opportunity to buy at low prices we have missed.

There is not assurance anywhere that Bitcoin is going to become a world class but it's our collective belive that is going to make it happen. For years now, the government tried blackmail Bitcoin in different form but they couldn't win the fight, they had no choice but to jump on the train and now they are hoping to have their reserve. The institutional fomo is hear and this is just the tip of an iceberg,  we are yet to fully unlock the potential of the institutional investors.

[Stormisover]

that is why i always advise  newbies over time that at your earliest stage of your Bitcoin journey it is always advisable to learn everything that you needed to know about Bitcoin investments .

Trying to learn all about bitcoin before getting started can be disturbing procastination might come in and you may not be able to start buying bitcoin, there are experience you will get when when you get started then waiting to learn everything before you start buying bitcoin, if you already have some little knowledge about and you also see that you have a discretionary income you can get started on that process you can be learning gradually about bitcoin and still be buying bitcoin and that will be the best because the time you will be waiting and learning bitcoin you can actually use it to be buying bitcoin using the dca method consistently and hold for long time.

So you mean without having any knowledge about Bitcoin, I can invest? Because I don’t think someone can just wake up a day without knowing the process of how to buy Bitcoin and say he or she want to invest in Bitcoin, everything needs to be learned that is why it is advisable to know about Bitcoin before investing in it, i don’t think knowing about Bitcoin before buying is a wasting of time and it will never be a waste of time to me because in anything you do you have to know what you are doing to avoid regretting at the end.

Although time wait for nobody and there are different ways to invest in Bitcoin but some people find it difficult to understand, some people might be thinking negative about it or fear to not get scammed at the process when they never know much about Bitcoin, as far as Bitcoin is still in the market and everyone can invest in time with any amount you are capable of investing, I will advise for newbies should understand take their time to learn before taking action, it won’t take long and I believe they will understand.

Honestly speaking, judging by my experience of investing in Bitcoin, I think somehow we should know a little about Bitcoin, most importantly having a basic understanding and knowledge about Bitcoin how it works and how to buy and accumulate and how to stay consistent in terms of accumulating Bitcoin, and I think whatever that requires learning should actually take some time like you’re referring for someone who have some interest to take a time and learn I really do not think that whichever way that we decide to learn everything about bitcoin before investing, I think we would definitely be wasting time and missing out on opportunities.

I don’t think it’s really a good advice for a pleb or a no coiner who have an interest to invest in Bitcoin, to take their time and learn about Bitcoin, then surely they must be missing out on opportunities that comes with investing in Bitcoin, we can always start investing and be learning along the line.
Honestly speaking I didn’t learn everything or take my time to learn anything before I started investing in bitcoin, it was just some little details, believe me most of the things I learnt and know about Bitcoin, it was after I have started investing in Bitcoin I was learning while I was still accumulating on a weekly basis, so newbies can always take this approach of accumulating and learning instead of waiting to learn everything.

Getting started is important.. and so no one wants to lose money, so likely they have to figure out whether they have $10 or not and they have to figure out from where they are going to buy their first bitcoin.. so if it is on an exchange or something else, they may well have to learn how to set up the account or perhaps if they are getting their first bitcoin from a friend, then they have to figure out where they are going to store their first bitcoin without losing it...

Other things about bitcoin and their cashflow management they can learn as they go, and surely if they already know that they have poor cashflow management skills, then they still have to figured out whether they have $10 or not, and if they make a mistake about their actually having the $10, then they will have to suffer the consequences of any losses that they incur, so they should  temper their actions in accordance with the knowledge that they have, since none of us should want to put our money into bitcoin and then lose it right away because we either did not have $10 to spare or because we don't have enough knowledge about choosing which kind of an account to create in order to start to accumulate bitcoin through such account.. including if that exchange is relatively safe, which we might not really know the answer to that either, yet it still might be acceptable to learn about the exchange as we go and limit our initial transaction until we learn more about various transactional basics...

and then another question may well come up related to our ability to continue to buy $10 or more every week, and if we don't have an income, we might not be able to continue to buy bitcoin until we get more funds coming in, including we might need to figure out how much money we have available each week after accounting for our expenses...

In the very beginning cashflow management questions are likely similarly relevant as compared with what we think about bitcoin as an investment as compared with other places that we might choose to place our extra money.   See my list of 9 personal factors, and what we think of bitcoin is just one out of the 9 factors.  We do not necessarily need to know the answers to all 9 factors in order to get started, but it might be nice that we have some ideas about them and that we might coninue to look into them if we plan to contnue to invest into bitcoin on a weekly basis or some other periodic timeline.

Good point there, starting with Bitcoin makes it necessary to  both have understanding of the technical concepts and financial knowhow. A clear but crucial approach is deciding if you have $10 left over. Using a secure wallet, even if just learning on the go, reduces early risks.  If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.

I doubt if there is anything relating to understanding of the technical concepts with the Post you quoted above, in my reading of the post you quoted what I got was a valued content that has more to do with a substantial understanding of the fundamentals and basics concepts in other for anyone to start investing in Bitcoin, I don't think anyone needs to know about the technical concepts when considering starting, don't get me wrong about knowing the technical concepts because that can be done later down the road because the basic knowledge is what I consider paramount for anyone to kick start their investment if there a discretionary income.

[Gost ms]

Good point there, starting with Bitcoin makes it necessary to  both have understanding of the technical concepts and financial knowhow. A clear but crucial approach is deciding if you have $10 left over. Using a secure wallet, even if just learning on the go, reduces early risks.  If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.

No matter what currency you start investing with, you need to have basic knowledge about it, but Bitcoin is the best currency to invest in. There are many types of fraudulent currencies in the market in which you can lose all your money by investing. Bitcoin is the best and most reliable currency to invest in.

You do not need much to invest in Bitcoin. If you have a reasonable income, basic knowledge about Bitcoin and faith in Bitcoin. If you have these things, then you can invest. After starting investing, you can gain technical knowledge. If you delay investing to gain technical knowledge, it will not be the right decision at all. You can learn a lot after investing. First, you need to start investing.

[Futurexxx]

You do not need much to invest in Bitcoin. If you have a reasonable income, basic knowledge about Bitcoin and faith in Bitcoin. If you have these things, then you can invest. After starting investing, you can gain technical knowledge. If you delay investing to gain technical knowledge, it will not be the right decision at all. You can learn a lot after investing. First, you need to start investing.

I agree with you to an extent, but not on the part you said that if you have a reasonable income, because in my own understanding, you don't need a reasonable income to invest in Bitcoin, what you just need is a discretionary income, if you can figure out your discretionary income, buddy you are good to go, no need in wasting anytime in investing, why most Bitcoin investors are having troubles in the accumulation and holding journey is that they still can't figure out their discretionary income, they still partially invest money meant for other basic needs, and when the need arise to use the money, they will fall back to their investment and retrieve back that money already invested in Bitcoin, which result in selling at a loss or sell prematurely, so if we can only be investing from our discretionary income and we do not fail to put our emergency and reserve funds in place in case of unforeseen emergencies, nothing is stopping us from not being successful in our Bitcoin investment if we can hold for a very long time.

[kanftka]

That's good, because I know that not everyone will want to learn and follow the right path, the key point there is that we live in a world full of uncertainty, nothing is 100% guaranteed, even your life is not promised, so going all in is one thing we should all avoid by all means as a Bitcoin investor, so that if it doesn't goes as planned in the future, you wouldn't be thinking of taking your own life.

So in as much as we have faith in Bitcoin due to it  huge potential and are hopeful of it growth in years to come, we still shouldn't go all in on our investment because nothing is guaranteed, we should always invest what we can afford to lose to be at the safer side.

There are many reasons why we advise investing what we can afford to lose. One of them is that if you lose that money somehow, your life will not be ruined or your life will not be negatively affected. Because nothing is certain.
Another reason is not to worry too much about investments and not to panic in a bear market or not to get too excited during market volatility. Another reason is to leave it for the long term, which is only possible with unnecessary money or money that you can afford to lose.

Suppose you are investing with money that you are not willing to lose or necessary money. Then will you be able to keep yourself calm during market volatility? Will you be able to stay fearless in a bear market? Or will you be able to keep that money in investment for the long term? I will not say that these are impossible at all. But it is very difficult. When you are not ready to lose the money you have invested, it is very difficult for you to be fearless in a bear market, keep yourself calm during volatility and sustain your investment for the long term. So always invest money that is unnecessary and that you are ready to lose.

TBH, the truth is, people usually underestimate how much emotions play a role in investing, especially in Bitcoin generally…..  The whole idea of invest only what you can afford to lose is not just some overused word or something.. It is actually a solid advice in how most people behave when the market goes crazy.

Kk let us be real, if anyone throw your rent money or your school fees into a Bitcoin investment thinking it will moon next week or sooner, sorry to say you are automatically setting yourself up to panic at every little dip. You would not sleep well. You will be glued to Bitcoin every hours of the day 24/7…  And once the price starts dumping a little which it always does at some point, you will most likely sell at a loss just to feel safe again... The truth is that is not investing, that is gambling with ur peace of mind..

But when you are using discretionary income, the money left after handling all your basic needs and responsibilities, everything will change.. You are not emotionally attached, and you are more likely to stick to your DCA strategy even when things get bad….

Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.

Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor.  It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.

It should be known by everyone that, despite the long-term holding, profits in Bitcoin are not fully guaranteed. With that point, I believe people will not be as greedy and invest outside their discretionary income. As far as someone is using their discretionary income to accumulate Bitcoin from time to time, they will not have any problems with Bitcoin investment, and they will not regret it. Even if it takes a few years for such  person never seen profit from it Bitcoin investment,despite the fact that Bitcoin profits are not guaranteed, it is still seen as one of the best investments based on the growth Bitcoin has experienced in recent years.

Yes you are right concerning the fact that there’s no guarantee that bitcoin will continue to go down or up too . But base on past performance bitcoin has proven to be among the best investments so far , which as even made some folk to regret not taken action earlier.

Yeah man, exactly. You are right that there is no guarantee Bitcoin is just gonna keep going up or even down for that matter….   It always does what it wants.. But let’s be honest, when you look at how it has moved over the years, it is hard to ignore how well it has done compared to pretty much everything else out there…

That is why a lot of people who saw it early and but did not act are always stuck with that “damn, I should’ve bought” feeling…. And it happens every time, people wait for some perfect dip, or they are scared to get in, and then boom… price takes off again and they are back wishing they did something sooner.

The thing is, no one is saying it’s guaranteed to keep pumping forever. But based on the past, Bitcoin has already proven itself. So instead of just watching from the sidelines, it is better to just take small steps and be in the game, even if it is just with a little amount you are cool losing... At least that way, you are not stuck in that regret when the next big move happens….

[yixichloro2xx]

That is why a lot of people who saw it early and but did not act are always stuck with that “damn, I should’ve bought” feeling…. And it happens every time, people wait for some perfect dip, or they are scared to get in, and then boom… price takes off again and they are back wishing they did something sooner.

It is  funny how history keeps repeating itself, People wait for the perfect entry, trying to time the bottom like a pro, only for Bitcoin to take off when they least expect it. Then comes the regret, followed by the cycle restarting at the next dip......Truth is, perfection is the enemy of progress. It is often better to just start small and build consistently, instead of waiting for the stars to align. Because with Bitcoin, hesitation has historically been more expensive than action.