Buy Buy Buy or Sell Sell Sell?

[Sticky Bomb]

~

in this particular season, buy buy is encouragable for newbies and investors to embrace the season to buy bitcoin because the price has decreased to $109k to allow investors to buy huge amount of bitcoins.

You're indirectly talking about buying only dips here, newbies aren't supposed to be encouraged to buy simply because there's a presumed dip but should get started and continue buying regardless of the market price movement. For a good discipline, as long as newbies are sure they have discretionary income present, they should have their accumulation target clearly spelt out and use that as a focus to keep buying consistently until they achieve such target. They should also prioritize building out their backup funds like emergency fund and other variances of backup funds specific to the investor himself.

Buying only when the price is favorable is a bad attitude in Bitcoin investment and would see the newbie start timing the market instead of being consistent and committed to regular buys and such is the attitude of a trader and not an investor. Bitcoin is done with a serious minded approach and I cannot find any seriousness in timing the markets.

[Lidger]

We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit

Why did you say we should be careful when investing in bitcoin for long term? The people that are suppose to be so careful are short term investors and traders, if you are planning to invest for long term, their is nothing to worry about, just buy your coin and hold, to be at a safer side, make sure you make use of DCA strategy when investing. I know everyone will definitely sell when the price goes up, but not that you going to be monitoring the market, and when you are in maybe 10 percent profits you going to sell, if you can do that, then that means you are not holding planning to hold for long term.

Investing for the short term or long term is actually fine for any investor because the goal is still to seek profit, and each investor has their own goals and targets. If the price rises 10%, selling it won't be a problem they just don't want the much larger profits that can be achieved by holding it for the long term.

What I disagree with is his statement that caution is needed when investing for the long term, when in reality, he should be careful with short term investments, because selling Bitcoin in the short term wastes an opportunity. For example, if he buys Bitcoin at $80,000 and sells it at $100,000, even though he makes a profit, he won't have the opportunity to buy it again at $80,000, or even $90,000, or even $10,000. So, it's better to invest for the long term to avoid regrets.

You made some great points especially about the DCA strategy, some people claim they are for long term goal the moment market value dips high they panic and sell their coins that is not long term investment that is called emotional trading. long term investment sounds little till you actually have to sit through a brutal bear market or when you watch your portfolio go red for some months, buying and holding  is good but it only works if one understand the risks, manage your motions but do not overexpose your investment. i think it decrease about being careful in a fearful way and more about being ready and knowing what you are getting into. Bitcoin have rewarded long term investors.

You have bought Bitcoin and you have held Bitcoin for a long time, this is your long-term investment, but if you sell your Bitcoins after understanding the market movement within a few months or a few days after buying Bitcoin, then it cannot be considered a long-term investment at all. I think there are some things that should be proven by action rather than words. There is nothing to get excited about when it comes to the Bitcoin market, here many bigger investors than us are investing regularly and they are holding their investments. So I think we should focus more on buying Bitcoins only. The more we buy, the more our investment will increase and the longer we hold this Bitcoin, the more likely we are to get a good return from it. So those who can afford it should focus only on buying and not on selling.

[Pandorak]

I don't see anything like learning, the truth is those people who trade by buying bitcoin feel that bitcoin is the best coin for trading. majority of this people you feel that they don't understand the difference between bitcoin investment and trading bitcoin know the differences, is just the fear of holding for Long term investment that lead them into trading thier bitcoin.

 and sometimes this happens as a result of being curious to make profit from bitcoin, so they feel that trading bitcoin is the short cut to achieve thier target. So is assume that those who are trading bitcoin knows what they're doing.

          -If you consider Bitcoin only as a means to make money, then you are not yet fully experienced with Bitcoin. Because big investors do not consider it only as a store of value. They consider it as their own currency. Just like we imagine gold and mineral oil. They never calculate how many dollars worth of Bitcoin they have, they always think about how many Bitcoins they have. And those who understand this will not or do not use Bitcoin to earn dollars. Let me give you a real example from my life - my father bought Bitcoin with his pension money 15 years ago. That is why I consider my father much wiser because he understood at that time that fiat currency has no value and only reduces the value of our assets. Maybe if my father had known about Bitcoin, he would have bought Bitcoin too. Currently, I am aware of Bitcoin and I have always believed that it will protect our property from inflation, so I want to convert a certain amount of my assets into Bitcoin so that it can provide me with financial security in the future.

I must say, this is a common misconception. Many people still view Bitcoin as merely a speculative asset, bought to make a quick profit and then sold back for fiat currency. In reality, its true essence is much deeper than that. Bitcoin is not just a means to multiply fiat currency, but a store of value that is resistant to inflation, free from centralized control, and provides answers to many fundamental problems in the traditional financial system. It brings with it the philosophy of decentralization, giving individuals full control over their own assets, without having to rely on banks, governments, or any other institutions. This is what makes Bitcoin different from other financial instruments, it is not only about value, but also about economic freedom.

The real example you mentioned about your father is very interesting. If 15 years ago he had understood the opportunities offered by Bitcoin, perhaps today the value of his assets would have increased many times over compared to storing fiat currency, which continues to be eroded by inflation. Fortunately, many people now understand the potential of investment instruments like Bitcoin. Gradually, they are converting their assets into Bitcoin, not for short term gains, but to secure their financial future.

[Sim_card]

Having a discretionary income and then an emergency funds is very pivotal to your Bitcoin accumulation journey.

As a brand new investor only your discretionary income is enough to get you started provided that you have figured out how much is your discretionary income. You don't need to set up an emergency funds on ground first before starting your Bitcoin investment. You can split you discretionary income into two parts, use one part for your regular weekly DCA and use the other part for building your emergency funds of at least three months of your expenses.

It's good to build your emergency funds simultaneously with your bitcoin investment. When you have achieved that, you can channel the money into building a reserve funds amd after that you can add that money to your discretionary income and invest aggressively. The most important thing is to stay focused and be persistent and consistent in your DCA to keep your bitcoin accumulation ongoing.

Let me give you a real example from my life - my father bought Bitcoin with his pension money 15 years ago. That is why I consider my father much wiser because he understood at that time that fiat currency has no value and only reduces the value of our assets. Maybe if my father had known about Bitcoin, he would have bought Bitcoin too. Currently, I am aware of Bitcoin and I have always believed that it will protect our property from inflation

I don't understand what you are saying. You said that your father was wise to invest his pension into bitcoin ten years back, and you are still saying that assuming your father knows about bitcoin he would have bought bitcoin too. Don't you see that this is confusing or am I missing something. Did he rush to sell those coins. Throw more light on this.

[New Judgement]

If you can save up to ten years in this way, there is a possibility of increasing the profit several times.

Bitcoin doesn't pay profits, the value of your investment is what keeps increasing, the more you expand your portfolio, the more the the value of your investment increases when the compounding effect of Bitcoin price appreciation acts on it positively and the value of your investment increases by a better margin 1.5x, 2x or more.

The value of your investment compound upon itself as Bitcoin price goes higher and the new higher value still keeps compounding on itself as you hold longer and Bitcoin keeps doing better, so what you're increasing by constantly investing and holding for the said 10 years is the value of your investment and not the profits

I don't really understand your argument here, because the both words are similar in meaning in this context. I don't think an investor is wrong if after holding his Bitcoin for let's say the 10 years you are talking about, look at his portfolio and say wow, after investing certain amount during the period that this is the profit in my investment so far. If by that 10 years he spent like $10k in accumulation and his Bitcoin value rise to $25k is he subtracts the $10k invested won't the balance be called profit? This your argument is baseless truth be told.

[MusaPk]

Before starting to invest, we need to set a specific goal and cannot sell Bitcoin investment until that goal is reached. As an investor, we need to hold Bitcoin with intelligence until we meet the specific goal in a disciplined manner, and no matter how low or how big Bitcoin falls in the meantime, we can never break our goal and sell Bitcoin, then this can be the reason for missing out on a bigger opportunity. We can never decide to sell our holdings due to temptation or panic, this is definitely wrong, we must stick to the goal we set, and ignore all obstacles, instability and greed. Those who can stick to their goals and decisions can ultimately benefit the most, so set a specific goal in Bitcoin investment, such as at least 1 cycle or 2 to 3 cycles or more, acording to your ability, and sell after reaching that goal, but before that, no matter what the situation is, the decision to sell cannot be made.

It's very important to figure out how many Bitcoins you want to accumulate in your portfolio. Bitcoin price is 110k and with this price most of us can gather 1 Bitcoin at maximum, but it will require considerable time with consistency. Those who have more money can aim for more number of Bitcoins. Once you achieve your target number of Bitcoins then you can do two things either reduce the pace of accumulation or just hold what you have got. It's also very important not to think about selling your Bitcoins unless you have gathered your targeted number of Bitcoins.     

[virasog]

Before starting to invest, we need to set a specific goal and cannot sell Bitcoin investment until that goal is reached. As an investor, we need to hold Bitcoin with intelligence until we meet the specific goal in a disciplined manner, and no matter how low or how big Bitcoin falls in the meantime, we can never break our goal and sell Bitcoin, then this can be the reason for missing out on a bigger opportunity. We can never decide to sell our holdings due to temptation or panic, this is definitely wrong, we must stick to the goal we set, and ignore all obstacles, instability and greed. Those who can stick to their goals and decisions can ultimately benefit the most, so set a specific goal in Bitcoin investment, such as at least 1 cycle or 2 to 3 cycles or more, acording to your ability, and sell after reaching that goal, but before that, no matter what the situation is, the decision to sell cannot be made.

It's very important to figure out how many Bitcoins you want to accumulate in your portfolio. Bitcoin price is 110k and with this price most of us can gather 1 Bitcoin at maximum, but it will require considerable time with consistency. Those who have more money can aim for more number of Bitcoins. Once you achieve your target number of Bitcoins then you can do two things either reduce the pace of accumulation or just hold what you have got. It's also very important not to think about selling your Bitcoins unless you have gathered your targeted number of Bitcoins.    

How can you say that most of us can accumulate whole one bitcoin or you must be very rich to predict this.

I think majority of the people can't even afford to buy 0.1 BTC at once or maybe they have to sell their properties or any precious item like gold or diamonds to buy bitcoin. I know people who retire but their life savings aren't worth even one bitcoin. Unless we have a bear market and bitcoin price is below 50k, only then more people can buy and accumulate bitcoin.

[Lembo69]

Those of you who already know and can differentiate between investing and trading should be willing to guide those who don't, not call them stupid. Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

Many people are new to cryptocurrency and don't know much about investing or trading.

Trading is a shortcut to quick profits and high risks and losses. Trading requires a lot of time and puts your own money at risk.

And investing is a means of earning high profits in the long term. Why invest, there is no risk in investing and you don't have to spend much time and money. Only long-term investment has the opportunity for high returns of 4-10 years.

Bitcoin is known as the best currency of the present time and investing is one of the best means of earning profits from Bitcoin. Because if you can overcome the cycle, you may be able to earn high profits. A new investor should always be willing to invest in Bitcoin for the long term and invest in Bitcoin to make yourself and your money risk-free.

[Just Common]

Those of you who already know and can differentiate between investing and trading should be willing to guide those who don't, not call them stupid. Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

Many people are new to cryptocurrency and don't know much about investing or trading.

Trading is a shortcut to quick profits and high risks and losses. Trading requires a lot of time and puts your own money at risk.

And investing is a means of earning high profits in the long term. Why invest, there is no risk in investing and you don't have to spend much time and money. Only long-term investment has the opportunity for high returns of 4-10 years.

Bitcoin is known as the best currency of the present time and investing is one of the best means of earning profits from Bitcoin. Because if you can overcome the cycle, you may be able to earn high profits. A new investor should always be willing to invest in Bitcoin for the long term and invest in Bitcoin to make yourself and your money risk-free.

In my opinion, Bitcoin is a currency that is almost certain to make a profit if you invest a little more time. To work in Bitcoin, you first have to follow the rules. Currently, Bitcoin is a currency that is popular all over the world. Which is currently increasing. One country after another is accepting it voluntarily. So that in the future, the people and the country can earn a good profit from this.

[Alonso_]

How can you say that most of us can accumulate whole one bitcoin or you must be very rich to predict this.

I think majority of the people can't even afford to buy 0.1 BTC at once or maybe they have to sell their properties or any precious item like gold or diamonds to buy bitcoin. I know people who retire but their life savings aren't worth even one bitcoin. Unless we have a bear market and bitcoin price is below 50k, only then more people can buy and accumulate bitcoin.

We don’t actually need a bear market before we can invest in bitcoin, and we must not necessarily buy during a dip or a bear market, because we can always buy and accumulate bitcoin little by little whenever we have a discretionary income.

We don’t need Bitcoin to go below 50k before we can buy and invest in bitcoin, because we can always buy bitcoin using the DCA method which is quite sustainable at any price as long as we have a discretionary income to buy and accumulate bitcoin.

I think whatever the price of bitcoin is, it doesn’t really matter we can always buy and accumulate bitcoin using using DCA method considering that we have a discretionary income available.

[Stormisover]

How can you say that most of us can accumulate whole one bitcoin or you must be very rich to predict this.

I think majority of the people can't even afford to buy 0.1 BTC at once or maybe they have to sell their properties or any precious item like gold or diamonds to buy bitcoin. I know people who retire but their life savings aren't worth even one bitcoin. Unless we have a bear market and bitcoin price is below 50k, only then more people can buy and accumulate bitcoin.

We don’t actually need a bear market before we can invest in bitcoin, and we must not necessarily buy during a dip or a bear market, because we can always buy and accumulate bitcoin little by little whenever we have a discretionary income.

We don’t need Bitcoin to go below 50k before we can buy and invest in bitcoin, because we can always buy bitcoin using the DCA method which is quite sustainable at any price as long as we have a discretionary income to buy and accumulate bitcoin.

I think whatever the price of bitcoin is, it doesn’t really matter we can always buy and accumulate bitcoin using using DCA method considering that we have a discretionary income available.

Alonso Your response to that post doesn't correspond, you misunderstood what virasog was saying, you don't read other people posts and respond without getting the actual point, virasog was only saying that a large number of people can not afford to buy 0.1 Bitcoin at once let alone 1 Bitcoin unless there is a bear market where Bitcoin have to dip below $50k, there was no way he was talking about waiting for a bear market where Bitcoin has to go below $50k before we can invest.

[Churchillvv]

Those of you who already know and can differentiate between investing and trading should be willing to guide those who don't, not call them stupid. Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

Many people are new to cryptocurrency and don't know much about investing or trading.

Perhaps you seem to be new too and do not know or understand the difference between bitcoin and crypto hence when you want to talk about bitcoin like this thread is discussing about you should stick to the word bitcoin and not to sound vague using the world cryptocurrency which is generalizing in nature hence categorizing bitcoin with some kind of shitcoins.

Bitcoin is the anchor of this thread and when you want to refer to it you should call bitcoin bitcoin and not cryptocurrency, the thread says buy buy buy and sell sell sell which is (buying and selling of bitcoin only).

[7juju]

How can you say that most of us can accumulate whole one bitcoin or you must be very rich to predict this.

I think majority of the people can't even afford to buy 0.1 BTC at once or maybe they have to sell their properties or any precious item like gold or diamonds to buy bitcoin. I know people who retire but their life savings aren't worth even one bitcoin. Unless we have a bear market and bitcoin price is below 50k, only then more people can buy and accumulate bitcoin.

The truth remains that majority of us here cannot afford to buy one bitcoin at a single purchase, but achieving the goal of having one bitcoin is never impossible if we put our mind towards it and keep buying consistently. If we have a steady source of income, we can set a target of having one or more bitcoin in the next 10 years or more. If you see something as impossible it will remain out of your reach. But once you set your mind towards it you can achieve it. It will only take time but it can be achievable.

It's also very important not to think about selling your Bitcoins unless you have gathered your targeted number of Bitcoins.     

So if we have gathered our targeted numbers of bitcoin, we should start selling it and go back to the scratch is that what you are telling me? Well if that's your strategy all along you are wrong. If you have managed to accumulate your targeted numbers of bitcoin, why not lock it away and hold it for life? I am not in support of selling your bitcoin even if you have accumulated to your desired numbers. Why sell immediately after getting to your targeted numbers? Do you know were bitcoin will be 50 years from the day you completed your targeted numbers?

[NurseHub]

Trading is a shortcut to quick profits and high risks and losses. Trading requires a lot of time and puts your own money at risk.

And investing is a means of earning high profits in the long term. Why invest, there is no risk in investing and you don't have to spend much time and money. Only long-term investment has the opportunity for high returns of 4-10 years.

Bitcoin is known as the best currency of the present time and investing is one of the best means of earning profits from Bitcoin. Because if you can overcome the cycle, you may be able to earn high profits. A new investor should always be willing to invest in Bitcoin for the long term and invest in Bitcoin to make yourself and your money risk-free.

You are wrong with the risk free statement, there is nothing without risk even being alive is a risk because if you come out of your doorstep you're in risk of unknown, stray bullet could hit or something could happen just like bitcoin too.

Bitcoin has risk but those risk are secondary, bitcoin risk comes in form of Hacks, loss of private keys etc. So bitcoin is risky too but less risky compared to any other investments and another risk is that no body knows the next minute or hour nor day in bitcoin so there is no guarantee that it will profit you on future that everyone hopes in but we believe it because we have seen it from its history and past cycles.

[Hardyrobust]

Trading is a shortcut to quick profits and high risks and losses. Trading requires a lot of time and puts your own money at risk.

And investing is a means of earning high profits in the long term. Why invest, there is no risk in investing and you don't have to spend much time and money. Only long-term investment has the opportunity for high returns of 4-10 years.

Bitcoin is known as the best currency of the present time and investing is one of the best means of earning profits from Bitcoin. Because if you can overcome the cycle, you may be able to earn high profits. A new investor should always be willing to invest in Bitcoin for the long term and invest in Bitcoin to make yourself and your money risk-free.

You are wrong with the risk free statement, there is nothing without risk even being alive is a risk because if you come out of your doorstep you're in risk of unknown, stray bullet could hit or something could happen just like bitcoin too.

Bitcoin has risk but those risk are secondary, bitcoin risk comes in form of Hacks, loss of private keys etc. So bitcoin is risky too but less risky compared to any other investments and another risk is that no body knows the next minute or hour nor day in bitcoin so there is no guarantee that it will profit you on future that everyone hopes in but we believe it because we have seen it from its history and past cycles.

There is no investment that is risk free, not even bitcoin investment. Infact there is high risk involved in investing in bitcoin owing to the nature of bitcoin, bitcoin is volatile in nature meaning there is tendency of losing ones income.however bitcoin has proven to be a good store of value and a potential coin and it doesn't mean it is risk free to invest in bitcoin.

[laijsica]

Before starting to invest, we need to set a specific goal and cannot sell Bitcoin investment until that goal is reached. As an investor, we need to hold Bitcoin with intelligence until we meet the specific goal in a disciplined manner, and no matter how low or how big Bitcoin falls in the meantime, we can never break our goal and sell Bitcoin, then this can be the reason for missing out on a bigger opportunity. We can never decide to sell our holdings due to temptation or panic, this is definitely wrong, we must stick to the goal we set, and ignore all obstacles, instability and greed. Those who can stick to their goals and decisions can ultimately benefit the most, so set a specific goal in Bitcoin investment, such as at least 1 cycle or 2 to 3 cycles or more, acording to your ability, and sell after reaching that goal, but before that, no matter what the situation is, the decision to sell cannot be made.

It's very important to figure out how many Bitcoins you want to accumulate in your portfolio. Bitcoin price is 110k and with this price most of us can gather 1 Bitcoin at maximum, but it will require considerable time with consistency. Those who have more money can aim for more number of Bitcoins. Once you achieve your target number of Bitcoins then you can do two things either reduce the pace of accumulation or just hold what you have got. It's also very important not to think about selling your Bitcoins unless you have gathered your targeted number of Bitcoins.     

Regardless of how much Bitcoin you have, you should continue to accumulate Bitcoin for as long as you have a source of discretionary income. When you calculate the numbers and set a goal, it can make you focus only on Bitcoin, but you also need to having real assets. Keeping a consistent fractional of Bitcoin and making frequent buy will get you to your goal. You just need to make sure that you are accumulation Bitcoin cycles correctly. Don't slow down your Bitcoin accumulation until discretionary income is maintained because if you can't assess the timing correctly, buying at the wrong time will increase the average value of your portfolio. So keep accumulating Bitcoin as long as you are physically fit and earning, and try to keep your portfolio fresh by making frequent buying.

[bitzizzix]

Trading is a shortcut to quick profits and high risks and losses. Trading requires a lot of time and puts your own money at risk.

And investing is a means of earning high profits in the long term. Why invest, there is no risk in investing and you don't have to spend much time and money. Only long-term investment has the opportunity for high returns of 4-10 years.

Bitcoin is known as the best currency of the present time and investing is one of the best means of earning profits from Bitcoin. Because if you can overcome the cycle, you may be able to earn high profits. A new investor should always be willing to invest in Bitcoin for the long term and invest in Bitcoin to make yourself and your money risk-free.

You are wrong with the risk free statement, there is nothing without risk even being alive is a risk because if you come out of your doorstep you're in risk of unknown, stray bullet could hit or something could happen just like bitcoin too.

Bitcoin has risk but those risk are secondary, bitcoin risk comes in form of Hacks, loss of private keys etc. So bitcoin is risky too but less risky compared to any other investments and another risk is that no body knows the next minute or hour nor day in bitcoin so there is no guarantee that it will profit you on future that everyone hopes in but we believe it because we have seen it from its history and past cycles.

There is no investment that is risk free, not even bitcoin investment. Infact there is high risk involved in investing in bitcoin owing to the nature of bitcoin, bitcoin is volatile in nature meaning there is tendency of losing ones income.however bitcoin has proven to be a good store of value and a potential coin and it doesn't mean it is risk free to invest in bitcoin.

Bitcoin is indeed volatile, risky, and so on. However, all of this can be overcome or minimized by viewing Bitcoin from a long-term perspective. In the long term, Bitcoin's challenges can be overcome to reach our desired target or price. Don't let Bitcoin's shortcomings be a deterrent, because I believe Bitcoin has no shortcomings if we look at its history and hold it for the long term.
So, as long as we consistently view Bitcoin from a long-term perspective, with strong conviction and patience, there's no need to worry. The long term can also provide us with the opportunity to continue accumulating holdings that will grow significantly over the long term, generating substantial profits.

[As-Soon-As]

Those of you who already know and can differentiate between investing and trading should be willing to guide those who don't, not call them stupid. Because most people who trade by buying Bitcoin are still learning, and some of them still don't understand the difference between investing and trading, so they often think they're the same.

Many people are new to cryptocurrency and don't know much about investing or trading.
Trading is a shortcut to quick profits and high risks and losses. Trading requires a lot of time and puts your own money at risk.
And investing is a means of earning high profits in the long term. Why invest, there is no risk in investing and you don't have to spend much time and money. Only long-term investment has the opportunity for high returns of 4-10 years.

Why do you want to combine Bitcoin holding with trading, if an investor wants to make a long-term investment then only Bitcoin plays a sufficient role and there is no other option. Because here every investor will be busy buying Bitcoin only at the present time, because if you buy Bitcoin you can hold it for a long time, for this the DCA method plays the best role. Because if you invest Bitcoin weekly and if you can invest $ 50 to $ 100 every week, then it will definitely convert to $ 400 at the end of the month.
That is why success is guaranteed through Bitcoin investment only because try to collect Bitcoin and hold it for a long time.

[Gallar]

If you can save up to ten years in this way, there is a possibility of increasing the profit several times.

Bitcoin doesn't pay profits, the value of your investment is what keeps increasing, the more you expand your portfolio, the more the the value of your investment increases when the compounding effect of Bitcoin price appreciation acts on it positively and the value of your investment increases by a better margin 1.5x, 2x or more.

The value of your investment compound upon itself as Bitcoin price goes higher and the new higher value still keeps compounding on itself as you hold longer and Bitcoin keeps doing better, so what you're increasing by constantly investing and holding for the said 10 years is the value of your investment and not the profits

I don't really understand your argument here, because the both words are similar in meaning in this context. I don't think an investor is wrong if after holding his Bitcoin for let's say the 10 years you are talking about, look at his portfolio and say wow, after investing certain amount during the period that this is the profit in my investment so far. If by that 10 years he spent like $10k in accumulation and his Bitcoin value rise to $25k is he subtracts the $10k invested won't the balance be called profit? This your argument is baseless truth be told.

Profit and the increase in the value of an investment asset are essentially the same. Essentially, it's the return on investment. So, I don't think we need to debate this, as the primary purpose of investing in Bitcoin is to increase our money, or to prevent it from being eroded by inflation. I believe that's the goal, so there's nothing wrong with either term. With that in mind, I don't think we need to focus solely on profit or the value of our current Bitcoin assets. It's better to focus on accumulating Bitcoin. For those still in the accumulation phase, I believe focusing on financial management is better for maintaining consistency in Bitcoin investment. When it comes to profit, I don't think it's worth worrying about. If your Bitcoin investment is going well, you'll undoubtedly gain profits. So, don't get distracted by a mere debate over terminology.

[Kagaru]

Before starting to invest, we need to set a specific goal and cannot sell Bitcoin investment until that goal is reached. As an investor, we need to hold Bitcoin with intelligence until we meet the specific goal in a disciplined manner, and no matter how low or how big Bitcoin falls in the meantime, we can never break our goal and sell Bitcoin, then this can be the reason for missing out on a bigger opportunity. We can never decide to sell our holdings due to temptation or panic, this is definitely wrong, we must stick to the goal we set, and ignore all obstacles, instability and greed. Those who can stick to their goals and decisions can ultimately benefit the most, so set a specific goal in Bitcoin investment, such as at least 1 cycle or 2 to 3 cycles or more, acording to your ability, and sell after reaching that goal, but before that, no matter what the situation is, the decision to sell cannot be made.

It's very important to figure out how many Bitcoins you want to accumulate in your portfolio. Bitcoin price is 110k and with this price most of us can gather 1 Bitcoin at maximum, but it will require considerable time with consistency. Those who have more money can aim for more number of Bitcoins. Once you achieve your target number of Bitcoins then you can do two things either reduce the pace of accumulation or just hold what you have got. It's also very important not to think about selling your Bitcoins unless you have gathered your targeted number of Bitcoins.     

The way you talk about the importance of investment goals and patience is really instructive for many new and intermediate investors.

Investing in Bitcoin without setting a goal is a false invitation to the future. Now I work on a  cyclical holding  model. Let s say I will hold at least one full Bitcoin until the next halving  or at least until 2026. Whether the price goes down or up  I will not sell before that target. Sometimes people troll  saying   Are you buying at this price too?  But I know what my plan is  and what kind of future I am preparing for.

What you said is very relevant. Once Bitcoin reaches its target  then someone may reduce its accumulation  or even hold it completely. But what is most important is to know your goal properly and stick to it. I think Bitcoin is not just a digital asset  it is a kind of mental test. If anyone can maintain their goal between the two extremes of panic when prices fall and greed when prices rise  that will make them a truly profitable investor.