Buy Buy Buy or Sell Sell Sell?

[Sim_card]

I don't think it's right to invest in Bitcoin with just basic knowledge. You need to have a good understanding of the important fundamentals of investing, including Bitcoin

Bitcoin is not like every other traditional business/investment that you must learn about the fundamentals of the business and have good understanding before you can start your own. You only need the basic knowledge of bitcoin and your discretionary income to enable you start up your bitcoin investment immediately.

You are only to be buying without selling and one of the basic knowledge of bitcoin is to invest and hodli for a long time. Therefore, since you are only buying with an amount from your discretionary income regularly, you can be learning along side as you are growing your bitcoin investment. If you want to wait to get a good understanding of bitcoin knowledge, you will end up waiting for long and miss out a lot of opportunities that you should have used to build and grow your bitcoin investment to a certain level.

Experience is the best teacher and bitcoin investment is properly understood when you are investing and learning at the same time. A lot of us here are still learning about bitcoin because you cannot know it all but it doesn't stop us from building and growing our bitcoin stash for the future.

Waiting is never an excuse or a good strategy to invest into bitcoin because it will slow down the quantity of bitcoin that you are supposed to have acquired in the long run. As you are waiting, don't forget that bitcoin price is increasing and also your age.

[Merit.s]

You can also get started without understanding it all

I disagree with you that anyone can invest into bitcoin without have any knowledge of bitcoin at all. You must have the basic knowledge of bitcoin before you can start your bitcoin investment or someone is there to guide you. If you don't know anything about bitcoin, how will you know that you are invest in a long-term and that the price is volatile and you shouldn't sell in panic whenever there's a dip.

This is the reason why a lot of people jump into bitcoin investment and think that it's a get rich quick scheme and run at loss because they fail to learn the basic knowledge of bitcoin and understand how they can plan on investing and hodli for a long-term.

I can take myself as an example, in the beginning when I heard about bitcoin due to lack of the basic knowledge of bitcoin, I thought that it's only for trading and never knew that investing in it for a long term plan is the best. I also invested in shitcoin because I don't know the difference between bitcoin and shitcoin because I didn't make any research. Anyone who wants to start his bitcoin investment must have the basic knowledge of bitcoin and increase his knowledge as he is building his bitcoin portfolio.

[asarfiar]

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds.

[~~~]

Perhaps this is simply a lack of awareness and understanding among new investors or those who have recently purchased Bitcoin and have only held it for a few months. Long-time investors who have frequently bought Bitcoin should already be quite familiar with market volatility and what is happening to Bitcoin. Therefore, those who are still panicking are those who are inexperienced in holding Bitcoin and don't fully understand volatility, which may also be influenced by the lack of discipline they apply to themselves as investors.

I agree with you on this one,and yeah not being familiar with the market volatility is one of the major challenge we are having more especially those newly investors, they easily get carried away by any slightest dip that occur in the market. Not knowing fully well that the market volatility we keep announcing every now and then is just to inform them about this dip, so as for them to have it in mind that sooner or later that they will be experiencing such in the market. Is funny enough that some people has ear but is as if they're no longer making use of it or should I say that is no longer functioning, because we kept saying this more often yet some people Don't get it.

Yes, I think market volatility is a challenge, no doubt about it. It can be you, me or anyone else. It is a very dangerous signal for beginners. Therefore, you should not be afraid of market volatility. You may know that market volatility is felt by those who are more concerned about investing in Bitcoin for a long time. I think that no matter what the market volatility is, you have to manage your investment without retreating from your own position. And this long-term investment of yours will help you achieve your specific goals after a long time has passed after overcoming market volatility.

[JayJuanGee]

Yo mate, I said it’s EASIER (Not Easy) to predict witching the long run, compared to attempting to predict it within the short term. Historically, Bitcoin has been known for its long term growth, and even if it’s true that past performances doesn’t always guarantee future results, but to an extent we can believe beyond reasonable doubt that it’ll most likely continue in that trend within the long term, unlike attempting to predict the price of Bitcoin within the short term, because short term movement has never been in any particular trend, and that’s why I said that it is easier to predict Bitcoin within the long haul, compared to the short term.

It is not possible to predict Bitcoin in the short term, you will not even be able to predict whether the price of Bitcoin will increase or decrease in the short term. But in the long term, this prediction is a bit easier, although we cannot say for sure, but our expectation and long-term prediction is that the price of Bitcoin will increase in the long term.

But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.

If we suggest that we consider that the bitcoin price is likely to continue to have inclinations to go UP, we are not just guessing.  We don't know, but we are not guessing.  Bitcoin has a certain history including ongoing development that has ongoingly built infrastructure around it that has continuously continued to cause its various network effects to continue to build (the seven network effects outlined by Trace Mayer).  We are not just guessing when we consider what bitcoin is likely to be inclined to do into the future.

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds.

I have come to realize that most people still don't understand the word ( volatility)  because if we really understand the meaning of this term, this ups and downs that is happening in the market won't be a challenge to us anymore. But it surprises me to see that people still get panic till this time, aside from not understanding the meaning of volatility is there any possible reason why most people are still being afraid till this time? Can we say is due to lack of discipline? Though lack of discipline can also have a hand in that but first of all we need to understand the term (volatility)  if we can be able to understand this very well being disciplined is not going to be a big deal.

So you say that most people don't understand volatility, but then you don't really give any explanation regarding what is volatility.

I frequently have proclaimed that volatility is one of the things that is most inevitable in bitcoin, which likely means that if we recognize/appreciate volatility to be inevitable, then we have to figure out ways to deal with that inevitability (both financially and psychologically).   So then any plan that we make and execute should attempt to account for such likely ongoing inevitable aspects of bitcoin.

[edited out]

Age is a factor.  if you got in dirt cheap say 100 coins for 100 each you spent 10,000,
so in 2017 at 1,900,000 for those 100 coins selling all of them if you are 60-70 years old does not seem unreasonable.

Sure age is a bit of a factor in regards to determinining to get into bitcoin in the first place, so if this guy was 60-70, and he was expecting at least a 4 year investment timeline, then sure by the time 2017 came, then maybe he would have had 4 years invested, but he was not ONLY motivated by the 4 year investment timeline, but also by how much the price ended up going up in 2013 (from $100 to $1,200), but then after the 2013 price peak, the price again went up from about $250-ish in 2015 to $19,666 in late 2017.

A person who bought at around $100 would have had been buying in 2013, which by 2017, they would have had already held 4 years, yet it does not seem reasonable for the guy to necessarily sell all of his coins merely because he is old, unless he hardly had any clues about what he was buying, and sure he has some inclination to have some money in cash, but under your theory, this guy is not going to even have any coins in 2017, since under your theory, he would have sold them all at some point in 2013 when the BTC price went up to $1,200..

I also don't see how it is reasonable to sell all of your coins at $19k, even if we can presume that he had not already sold them all, even though for sure going from $100 to $19k is a 190x increase in a fairly short time of about 4-ish years, yet the price did not just get to $19k from $100, so there were various points along the way that some coins could have had been sold to hedge the bet, and perhaps would have already been sold under your way of thinking about the whole matter. 

From the perspective of the elderly guy, as you seem to be suggesting it to be, he was already inclined to sell based on the extensiveness of BTC's uppity price move, even if he had initially been motivated to stay invested at least 4 years..

So maybe we could reconsider the guy and consider that he might have had sole a little at $1k - let's say 1-5 coins, or even up to 10 BTC (which is 10%) sold at $1k, and so if we go with the selling of 10% of his coins every doubling, and the first sale at 10x his investment costs, then the data might look something like this.

At what price sold?
1) $1k
2) $2k
3) $4k
4) $8k
5) $16k

Amount sold 10% of the stash
1) 10  BTC
2) 9  BTC
3) 8.1  BTC
4) 7.3 BTC
5) 6.56 BTC

You can figure out the rest (and you can use my spreadsheet and/or formulas to try to figure out how the numbers might work out).  Nonetheless by the time this guy gets to $19k, he still has right around 59 BTC, and your next sale is scheduled for $32k. 

Of course you can adjust the amounts and the intervals.  I would consider that the presumption is that the person had reached a status of overaccumulation and had figured out a plan in which he started to take profits at 10x price appreciation.  Not unreasonable, but expecting that somehow he buys at the bottom and sells at the top, that seems like a bit of a fantasy, and even impractical.

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.
950,000 and 600,000 after taxes works for many

You are still living a bit of a fantasy to consider that guys are going to be able to time their buys and sales in such a way or that it is even practical to have those kinds of expectations, when you personally seem to be ongoingly obsessed with taking profits rather than letting matters ride, and yeah, age is a bit of a factor in terms of when to get in and also as you suggest, there might be inclinations for guys with shorter investment timelines to be inclined to take profits sooner rather than just letting the matter play out over a longer period, even if they might be bullish on the asset.

[Rockson1]

You can also get started without understanding it all

Dude let's say you're a teacher for instance, can you tell your students to write exams without preparing to an extent for the exams, I guess the answer is no, let's then relate this to bitcoin investment, if I understand you very well, were you trying to say newbies or intending investors should start up their investment without preliminary knowledge which is the basic knowledge we talk about here now and then, do you feel that there no reason for the basic knowledge, man if you think so then you don't understand the reason for the basic knowledge, you don't just jump into what you don't espacially when it has to do with investment such as bitcoin, there are little things you need to know not too hyper but basics to enable you start first and other extensive or further knowledge can come later and I believe that's how things are suppose to be done.

[philipma1957]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.

my wife and i retired for the most part in 2012.

So saving and hodling btc skipping profit taking is less attractive.


but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

This is quite understandable. Age is a factor that influence duration of a long-term holding plan. Younger people tend to have more long-term holding leverage than older people. It still depends on when you started holding and when you started shaving profits. I wouldn't make any assumptions here since you're an old guy and It's still cool that you've a way of replenishing what you shaved off your portfolio through mining so you're still in the game although not as effective and profitable as it would've been if you were just holding and not shaving off profits.

instead of millions i am at a few hundred thousand.


but a few hundred thousand is not terrible.

if you count new cars i have leased or purchased since 2014 I am ahead over three hundred thousand.

Plus i add coins with mining

[JayJuanGee]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.
950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.
my wife and i retired for the most part in 2012.
So saving and hodling btc skipping profit taking is less attractive.
but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

I am almost half your age, I am surprised by the glimpse of your knowledge. Because you are almost at the end of your age and you have modern thoughts for Bitcoin investment. I can undoubtedly say that you are a wise person and you are full of modern knowledge about the future, although I have chosen this Bitcoin as an investment for my next life when I am old or equal to your age to eliminate my financial deficiency.

Philip has not been 68 years old for the whole time he has been in bitcoin.  Phil got into bitcoin in 2011/2012 - so he was around 55-ish at the time that he got started in bitcoin... so stop trying to act as if he came to bitcoin at 68 years old, even though, sure even at the time that he got into bitcoin, he was still relatively old, but he was not 68 years old.. and so now after around 13 years in bitcoin, he might have gotten some shit figured out (perhaps?), and I don't necessarily want to rag on Phil since sometimes it can take a bit of time to figure out bitcoin, and even he says that he did not figure out bitcoin until 2017 (I suppose he would have been 60 at that time),

but still I believe that he still has not figured out bitcoin, since whenever you figure out bitcoin, it seems that you should focus on accumulating through buying only.  Selling bitcoin in order to try to accumulate it, is not a good way to accumulate bitcoin, and Phil seems to not have had seen a bitcoin that he does not want to sell as soon as possible.  He has a bit of a problem in that he still cannot defer gratification.

I do not know how long I will be able to live happily among you, but Bitcoin investment is the best, that is why Bitcoin investment should be given the most importance.

None of us know how long that we are going to live, yet it seems that if we are continuing to buy bitcoin on an ongoing basis, then any time that we buy new bitcoin, then we should consider that our investment timeline should be at least 4 years from the time that we make any new purchase, otherwise we are intent on trading rather than investing.

You can also get started without understanding it all

I disagree with you that anyone can invest into bitcoin without have any knowledge of bitcoin at all. You must have the basic knowledge of bitcoin before you can start your bitcoin investment or someone is there to guide you. If you don't know anything about bitcoin, how will you know that you are invest in a long-term and that the price is volatile and you shouldn't sell in panic whenever there's a dip.

This is the reason why a lot of people jump into bitcoin investment and think that it's a get rich quick scheme and run at loss because they fail to learn the basic knowledge of bitcoin and understand how they can plan on investing and hodli for a long-term.

I can take myself as an example, in the beginning when I heard about bitcoin due to lack of the basic knowledge of bitcoin, I thought that it's only for trading and never knew that investing in it for a long term plan is the best. I also invested in shitcoin because I don't know the difference between bitcoin and shitcoin because I didn't make any research. Anyone who wants to start his bitcoin investment must have the basic knowledge of bitcoin and increase his knowledge as he is building his bitcoin portfolio.

I have trouble understanding what basic knowledge you are proclaiming to be needed before getting started investing into bitcoin.

Your examples are 1) knowing the difference between trading and investing, and so how much of that do you need to know before getting started?  Can't you figure it out as you go?  2) knowing the difference between bitcoin and shitcoin.  How much do you have to know?  Sure I agree that you have to likely focus on learning bitcoin first, and so yeah, you should start investing in bitcoin first before getting involved in shitcoins, and how much more do you need to know? 

Why not get started and it is a bit unclear from your perspective what it is that a guy needs to know about bitcoin to get started.  I am not going to proclaim that absolutely no knowledge is needed, so there might be some need to at least have some basic ideas about bitcoin being a growing phenomena that is ongoingly volatile in the short term yet has a long term trajectory that seems to be going up.. . yet the details can be figured out as you go, no? 

It seems to me that the most basic things to know is whether or not you have discretionary income so that you are investing from within your discretionary income, and perhaps recognizing whether or not you are retarded in terms of your abilities to learn math as you go and/or recognizing abilities for you to be able to control your emotions, to the extent that might need some basic abilities to add and subtract and to think through basic problems to be able to learn and in order to make sure that you have a discretionary income and that you are investing within your discretionary income and not using money that you need for your expenses, since that would be trading/gambling rather than investing.

You can also get started without understanding it all

Dude let's say you're a teacher for instance, can you tell your students to write exams without preparing to an extent for the exams, I guess the answer is no, let's then relate this to bitcoin investment, if I understand you very well, were you trying to say newbies or intending investors should start up their investment without preliminary knowledge which is the basic knowledge we talk about here now and then, do you feel that there no reason for the basic knowledge, man if you think so then you don't understand the reason for the basic knowledge, you don't just jump into what you don't espacially when it has to do with investment such as bitcoin, there are little things you need to know not too hyper but basics to enable you start first and other extensive or further knowledge can come later and I believe that's how things are suppose to be done.

What is this basic knowledge that you proclaim is needed?  I doubt that your exam analogy is very fitting. 

Why cannot a beginner to bitcoin just adjust his position size to be smaller while he is getting started and getting more familiar with bitcoin and perhaps to increase his position size as he becomes more familiar and more knowledgable about bitcoin, to the extent that he believes that his greater familiarity justifies increasing his bitcoin position size?

[Derekfunds]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.

my wife and i retired for the most part in 2012.

So saving and hodling btc skipping profit taking is less attractive.


but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

This is quite understandable. Age is a factor that influence duration of a long-term holding plan. Younger people tend to have more long-term holding leverage than older people. It still depends on when you started holding and when you started shaving profits. I wouldn't make any assumptions here since you're an old guy and It's still cool that you've a way of replenishing what you shaved off your portfolio through mining so you're still in the game although not as effective and profitable as it would've been if you were just holding and not shaving off profits.

instead of millions i am at a few hundred thousand.


but a few hundred thousand is not terrible.

if you count new cars i have leased or purchased since 2014 I am ahead over three hundred thousand.

Plus i add coins with mining

@Philipma1957 don't you think if you would have used those money back then to invest in Bitcoin it would have been more meaningful or useful now because I can remember very well that the price of Bitcoin then as at 2014 was not up to half a thousand dollars but look at the price or worth of Bitcoin today but I believe you had a good portfolio then. I think it is not even too late to start investing in Bitcoin now because the price of Bitcoin will keep on surging and in years time or coming we would reference the price of Bitcoin as at 2025 just as we do reference the price of Bitcoin as at 2012, 2013, etc. I believe the best thing to do is just to accumulate and hold for a long time.

[ruykeri]

You can also get started without understanding it all

Dude let's say you're a teacher for instance, can you tell your students to write exams without preparing to an extent for the exams, I guess the answer is no, let's then relate this to bitcoin investment, if I understand you very well, were you trying to say newbies or intending investors should start up their investment without preliminary knowledge which is the basic knowledge we talk about here now and then, do you feel that there no reason for the basic knowledge, man if you think so then you don't understand the reason for the basic knowledge, you don't just jump into what you don't espacially when it has to do with investment such as bitcoin, there are little things you need to know not too hyper but basics to enable you start first and other extensive or further knowledge can come later and I believe that's how things are suppose to be done.

If a person wants to invest in Bitcoin, before investing he must have a sufficient understanding of Bitcoin and all the basic aspects of Bitcoin investment. In addition, he must start the investment process with a detailed understanding of the right investment strategy. In this case, he must have knowledge of all the important issues including the basic security of Bitcoin, the right way to invest, and fund management. However, it does not take much time to acquire this knowledge. When he feels that he needs to know all these things to invest properly for a long time, he can start investing in Bitcoin. If he invests without knowing anything at all, he can make many wrong decisions. As a result, he will not be able to run his investment activities for a long time and will face losses. However, it is good to know that there is no need to acquire much extensive knowledge before investing in Bitcoin. Because it will take a lot of time to know all the issues of Bitcoin, especially the technical issues. There is less need to know them for investment. Because if you try to learn more without starting to invest, you will find that you have started investing too late, and as a result, you will lose the opportunity to buy Bitcoin at a lower price than before. After knowing everything you need to know to invest, you will continue to learn more in detail while investing. I think this is the best way to move forward.

[Tungbulu]

But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.

Yeah  that's right, no one knows for sure the exact price Bitcoin would be at, whether the short term or long term, and people who attempt to predict the exact price would only taking another wild guess that is even most likely not to turn out to be true.
The truth is that i really do not see the point of these predictions, like really, there's no point of attempting to predict the price of Bitcoin when you can just consistently accumulate Bitcoin at any particular price and still end up reaching your long term goals. Bitcoin investment shouldn't be some kind of gambling that you have make decisions based on your predictions and  this is what a lot of people who claim to be investors really don't understand, and you see this affecting their mentality about Bitcoin, making them have the wrong perspective about Bitcoin.

[yixichloro2xx]

But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.

Yeah  that's right, no one knows for sure the exact price Bitcoin would be at, whether the short term or long term, and people who attempt to predict the exact price would only taking another wild guess that is even most likely not to turn out to be true.
The truth is that i really do not see the point of these predictions, like really, there's no point of attempting to predict the price of Bitcoin when you can just consistently accumulate Bitcoin at any particular price and still end up reaching your long term goals. Bitcoin investment shouldn't be some kind of gambling that you have make decisions based on your predictions and  this is what a lot of people who claim to be investors really don't understand, and you see this affecting their mentality about Bitcoin, making them have the wrong perspective about Bitcoin.

Price predictions usually just create unnecessary hype and false hope because nobody can really call the exact number, whether short or long term. What matters more is the fact that Bitcoin is scarce, decentralized, and adoption keeps growing.

If you just keep stacking without stressing over daily or weekly movements, you’re already positioning yourself for the long run. The problem comes when people start treating Bitcoin like a gamble, waiting on predictions to guide their decisions, that’s when they end up with the wrong mindset. It’s really about patience and discipline, not guessing games.

[sotelorene]

But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.

Yeah  that's right, no one knows for sure the exact price Bitcoin would be at, whether the short term or long term, and people who attempt to predict the exact price would only taking another wild guess that is even most likely not to turn out to be true.
The truth is that i really do not see the point of these predictions, like really, there's no point of attempting to predict the price of Bitcoin when you can just consistently accumulate Bitcoin at any particular price and still end up reaching your long term goals. Bitcoin investment shouldn't be some kind of gambling that you have make decisions based on your predictions and  this is what a lot of people who claim to be investors really don't understand, and you see this affecting their mentality about Bitcoin, making them have the wrong perspective about Bitcoin.

Price predictions usually just create unnecessary hype and false hope because nobody can really call the exact number, whether short or long term. What matters more is the fact that Bitcoin is scarce, decentralized, and adoption keeps growing.

If you just keep stacking without stressing over daily or weekly movements, you’re already positioning yourself for the long run. The problem comes when people start treating Bitcoin like a gamble, waiting on predictions to guide their decisions, that’s when they end up with the wrong mindset. It’s really about patience and discipline, not guessing games.

Prediction is a distraction and an investor should not even pay attention to it if they want to succeed in their investment because anyone who pay attention to Bitcoin prediction won't go far and they will end up on the road ( half way). Predicting the price of Bitcoin is really pointless and needless for an investor since the goal is to hold for long term. Traders keep deceiving themselves by trying to predict the price of Bitcoin when that is not possible though sometimes it happen by chance and luck but that doesn't mean they are sure or certain about it and I ask myself what is the reason for all these trader does when they already knew that profit is not guarantee.

[CageMabok]

...

...

Price predictions usually just create unnecessary hype and false hope because nobody can really call the exact number, whether short or long term. What matters more is the fact that Bitcoin is scarce, decentralized, and adoption keeps growing.

If you just keep stacking without stressing over daily or weekly movements, you’re already positioning yourself for the long run. The problem comes when people start treating Bitcoin like a gamble, waiting on predictions to guide their decisions, that’s when they end up with the wrong mindset. It’s really about patience and discipline, not guessing games.

Don't worry about those who are still playing the guessing game with Bitcoin because they will eventually get back on track when they get tired of the inaccuracies and will return to being long-term investors without being influenced by the short-term whims of others. All investors should continue accumulating Bitcoin once they realize that it's already scarce and that its supply is already quite scarce. So don't worry about those who are on the wrong track when investing, but consider how many investors are still making the right investments, such as Microstrategy, BlackRock, and GrayScale. They are all investment companies that still believe in Bitcoin so that small investors can use them as a basic example in investing and never care about people who are still wrong about their thinking when they already hold Bitcoin.

[leonair]

...

...

Price predictions usually just create unnecessary hype and false hope because nobody can really call the exact number, whether short or long term. What matters more is the fact that Bitcoin is scarce, decentralized, and adoption keeps growing.

If you just keep stacking without stressing over daily or weekly movements, you’re already positioning yourself for the long run. The problem comes when people start treating Bitcoin like a gamble, waiting on predictions to guide their decisions, that’s when they end up with the wrong mindset. It’s really about patience and discipline, not guessing games.

Don't worry about those who are still playing the guessing game with Bitcoin because they will eventually get back on track when they get tired of the inaccuracies and will return to being long-term investors without being influenced by the short-term whims of others. All investors should continue accumulating Bitcoin once they realize that it's already scarce and that its supply is already quite scarce. So don't worry about those who are on the wrong track when investing, but consider how many investors are still making the right investments, such as Microstrategy, BlackRock, and GrayScale. They are all investment companies that still believe in Bitcoin so that small investors can use them as a basic example in investing and never care about people who are still wrong about their thinking when they already hold Bitcoin.

When those who invest in the short term compare their own ratios with the profit ratios of long term investors, they will see for themselves how much short term thinking has harmed them. Then they will automatically come back on the right track. Those who are still unable to think in the long term are losing themselves, it is their own fault. When everything becomes too expensive and they have nothing, they will come back on the right track but will not get much benefit because then everything will already be too expensive for which they will need a big capital.

[Lembo69]

You are right, however I believe that some people prefer not to invest all of their money at once without thinking about market conditions first. Sure, a lump sum means you invest everything all at once, but not everyone is comfortable with that.  Many people choose to wait for a better price before investing their money, because no one wants to buy when the market is too high.

So, buying the dip and lump sum are not the same thing, it's just that people do their things differently. Some may decide to invest their money once, while others will wait for a dip. But, in the end, it will depends on how the person thinks and the kind of risk they are willing to take.

What is the best price quoted by the Bitcoin guy? Do those who actually wait to buy Bitcoin at DIP really find the DIP price? For example, suppose when the price of Bitcoin was $60,000, a person planned to invest in Bitcoin but not at this price, he would start buying when the price drops. But when the price of Bitcoin reached $40,000, it was found that he was still not investing, when he was asked why he was not buying now that the DIP price was higher than the previous price? His answer would be that he wanted to wait for more DIP. Again he waited for a while and it was found that the price of Bitcoin had dropped to $20,000 and this time he still did not invest in Bitcoin, again he was asked why he was not buying Bitcoin. He said that Bitcoin had reached $60,000 to $20,000 and its price would drop further. Along with this, many other thoughts came to his mind as to whether Bitcoin is actually a real asset. That's why he couldn't invest even after it reached $60,000 to $20,000. He wanted to wait more, but later it turned out that its price had increased to $30,000. He then said, "I got it for $20,000, I didn't buy it. Now the price is high, and when the price of Bitcoin drops, I will invest here."
To be honest, this is the reality for those who wait for DIP to invest in Bitcoin. They don't actually find the real DIP, so they can't invest
and later regret it.

What I tell fellow Bitcoin investors when we are having chats is that we should buy when we have available funds for it. No need to wait for it to dip before buying because you don't control it's price, it is a volatile asset that can swing up or down without notice. If you believe that Bitcoin can always reach ATH in every bull circles that should be your focus because at any price that you buy you'd always be in sure profit when another ATH happens.

This is why it's important to think long term if you want to have sure ROI in Bitcoin investment. Have a solid plan for it, either it's DCA method or buying in lump sum let the goal be to hodl for a long term between 8 to 10 years and beyond.

That is actually true, I don’t ever believe there should be a time where someone who is interested in buying bitcoin should be waiting to buy the dip, and wasting their precious time on something else which is not really important and could probably loose our investment on other things, sometimes I was quite confused when it comes to buying and accumulating bitcoin, because I usually used to think that I would need a whole lot of money to be able to buy and accumulate bitcoin, but then I realized I could actually buy bitcoin  little by little instead of waiting for a dip,

Then I realized that I can always buy bitcoin little by little on a regular basis considering when I have a discretionary income, then I tried to increase my cashflow as well to buy and accumulate more bitcoin through having more more discretionary income.

Yes, you are right. An investor should never wait for a dip. Just like someone does not think about visiting a doctor when they are sick. The reason why I said this is because when you buy an investment, it turns out that you are waiting for a dip, but later the market price increases. So it would be wise to buy an investment at the current market price and at the current market price.

If you really want to make a profit from investment, then you have to hold the investment for at least 10 years. If possible, 20 years. Because people achieve any profitable thing late and get success.

[IceLincoln]

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds.

I have come to realize that most people still don't understand the word ( volatility)  because if we really understand the meaning of this term, this ups and downs that is happening in the market won't be a challenge to us anymore. But it surprises me to see that people still get panic till this time, aside from not understanding the meaning of volatility is there any possible reason why most people are still being afraid till this time? Can we say is due to lack of discipline? Though lack of discipline can also have a hand in that but first of all we need to understand the term (volatility)  if we can be able to understand this very well being disciplined is not going to be a big deal.

It’s not that they don’t understand the word, it’s the will and discipline to stay calm in times of dip they lack and this might be due to lack of proper knowledge as common with newbies and some oldies trying to play a fast one on the market. It’ll shock you to know it’s not only newbies who get scared of the market during the dip, those who have invested more than they can afford to lose that is investing money meant for basic expenses into bitcoin, short term traders hoping to game the market so when there’s a dip they naturally get tensed and pressured.
For Newbies the case might just be lack of experience, one thing is knowing about something another is practicing it, and living through the tough times. It’s with practice you gain experience and Experience is the best teacher.
So one of the reasons why people will always fear is cause there will always be new investors in bitcoin and greedy oldies too.
I think it’s all part of the Cycle of Bitcoin Life for investors ..lol. It’ll just keep happening over and over again.

[Miles2006]

Price predictions usually just create unnecessary hype and false hope because nobody can really call the exact number, whether short or long term. What matters more is the fact that Bitcoin is scarce, decentralized, and adoption keeps growing.

If you just keep stacking without stressing over daily or weekly movements, you’re already positioning yourself for the long run. The problem comes when people start treating Bitcoin like a gamble, waiting on predictions to guide their decisions, that’s when they end up with the wrong mindset. It’s really about patience and discipline, not guessing games.

The mistake people make now is waiting for the dip, I think this is the new thought among newbies because the dip gives more room for buying bitcoin in bulk meanwhile waiting is considered a waste of time. Price prediction or market movement should not be done by an investor frequent although some investors with good intention just check on bitcoin price as a motivation either to keep the journey going but, I still don’t find any interest consistently checking the market movement except such person wants to gamble with bitcoin. I understand the self discipline that comes with bitcoin investment and it takes discipline to hold for long without being tempted by the market movement, bitcoin holders hold bitcoin for the long run unlike trade that focuses more on price movement.

[Silikiem]

You can also get started without understanding it all

I disagree with you that anyone can invest into bitcoin without have any knowledge of bitcoin at all. You must have the basic knowledge of bitcoin before you can start your bitcoin investment or someone is there to guide you. If you don't know anything about bitcoin, how will you know that you are invest in a long-term and that the price is volatile and you shouldn't sell in panic whenever there's a dip.

This is the reason why a lot of people jump into bitcoin investment and think that it's a get rich quick scheme and run at loss because they fail to learn the basic knowledge of bitcoin and understand how they can plan on investing and hodli for a long-term.

I can take myself as an example, in the beginning when I heard about bitcoin due to lack of the basic knowledge of bitcoin, I thought that it's only for trading and never knew that investing in it for a long term plan is the best. I also invested in shitcoin because I don't know the difference between bitcoin and shitcoin because I didn't make any research. Anyone who wants to start his bitcoin investment must have the basic knowledge of bitcoin and increase his knowledge as he is building his bitcoin portfolio.

@Merit.s, I think you’re misquoting the message @cossyblack is trying to pass here, and as a matter of fact you both are almost certainly in the same frequency. The message said “you can also get started without understanding it all” the message didn’t say you must not have an ample or basic knowledge of bitcoin at all, at least a basic knowledge of it with your discretionary income and you’re good to go. it means that you must not wait to understand everything about bitcoin before you get started in investing in bitcoin once you’re desirous to invest provided that you have a discretionary income to accumulate with. And yes, for me i think what cossyblack is saying is very obvious because personally I’ve always advised newbies who are desirous to investing in bitcoin to get started with accumulating bitcoin once they have their discretionary income available instead of them waiting to understand Everything about bitcoin before they get started. You must not understand everything about bitcoin before you can start investing in it as you can always learn and unlearn so many new things while accumulating bitcoin and also make some adjustments and decisions along the line to further enhance your investment growth and success for the long term. No one is a master of bitcoin and even most old Investors are still learning new things and also making some decisions with their investment. As a matter of fact, the best way to know more about a particular thing is by practicing it and really getting involved. That’s why i said one must not wait to understand everything about bitcoin before getting started in accumulating and investing in it, the most important thing is to be able to figure out a discretionary income for it.

[AirtelBuzz]

Yo mate, I said it’s EASIER (Not Easy) to predict witching the long run, compared to attempting to predict it within the short term. Historically, Bitcoin has been known for its long term growth, and even if it’s true that past performances doesn’t always guarantee future results, but to an extent we can believe beyond reasonable doubt that it’ll most likely continue in that trend within the long term, unlike attempting to predict the price of Bitcoin within the short term, because short term movement has never been in any particular trend, and that’s why I said that it is easier to predict Bitcoin within the long haul, compared to the short term.

It is not possible to predict Bitcoin in the short term, you will not even be able to predict whether the price of Bitcoin will increase or decrease in the short term. But in the long term, this prediction is a bit easier, although we cannot say for sure, but our expectation and long-term prediction is that the price of Bitcoin will increase in the long term.

But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.

To my knowledge Volatility is a very familiar way to measure investment risk in the Bitcoin market but even then discussing and expressing concerns about this issue can be a misleading factor. Bitcoin prediction is the act of predicting a price in advance, speculatively and without analysis despite not knowing it, so this uncertain activity never confirms anyone's specific statement. This means that if you consider the price of Bitcoin to be worth multiple million dollars, there is not even a partial chance that it will match it completely. However in my opinion due to increased financial inclusion, Bitcoin is now able to overcome adversity and demand has skyrocketed. So in terms of terminology, this leads to the assumption that Bitcoin is bullish in the long term.

[7juju]

I don't know why some folks are still thinking that you must have all the knowledge before he/she could start investing in Bitcoin, it is a totally ideas because Bitcoin is so wild in such that you can't finish all knowledge when it comes to Bitcoin, once you are still thinking that you not ready to buy Bitcoin and your discretionary income is available for you which you could have use to invest, what i will advise to those folks that think is not good to invest now that they will wait till when they have full knowledge and which i know that they can't finish knowing all Bitcoin finish because Bitcoin is something that keeps updating every single day, so those folks not to regret letter run, so it is better to buy now as you can afford using DCA strategy which can motivate you of not losing all you have invested for.

I quite agree with some of the things you said here, but the angle were I have little disagreement with you is were I highlighted in your post. I'm having troubles trying to figure out what you mean by "bitcoin keeps updating every single day" What updating are referring to please? Does it mean that the knowledge that were applicable in bitcoin investment few years ago are no longer valid or applicable today?

But to the best of my understanding, same application of those knowledge that worked for early investors are still working for those that came into bitcoin investment 1, 2, 3 years ago, even those that came yesterday and will still work for those that will come onboard in the future. It's just like mathematical formula, all you need do is follow the right formula and you will get the desired result. The buying methods has remained the same over the years, the total supply has been the same and will forever remain at 21 million. So I wonder what's actually updating every single day according to what you said above.