Buy Buy Buy or Sell Sell Sell?

[sotelorene]

This means that buying at the time when the price is on the increase is not wisdom

I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate.

[Baki202]

 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.

Can you please educate us when you think is the wrong time for investing in Bitcoin, if actually there is something like that. Being scared of your average cost of your portfolio increasing will make you skip buying bitcoin even with DCA method? I don't agree with you on this as I don't think there is a wrong time for an investor to buy bitcoin. I find this your teaching misleading. Your teaching is also encouraging timing the market before buying bitcoin which is also against the ethics of investors and the principles of this thread.

There is nothing like wrong time for investing in Bitcoin because Bitcoin can be accumulated anytime if your discretionary income is available and ready so there is nothing wrong and I think what the dude was trying to say is buying when the price of Bitcoin has surge which is wrong because as an investor you don't care if the price of Bitcoin is high or not because the dollar cost averaging (DCA) method is already there to help an investor accumulate or buy at any given price.

Nowadays, it's popular to invest whenever there are funds available, and many individuals are doing just that. This is because times have changed and people no longer want to invest when prices are low. When the capital is accessible, you don't need to worry about the state of the market, which is what many people constantly check. However, they don't need to look at the price; instead, they should concentrate on getting the capital before moving on to the next step, which is to make a purchase.

The DCA initiative has helped many investors achieve their goals, and now that things are looking different, we shouldn't undervalue what DCA can do because it will go a long way. Depending on how consistent the investor is which is all that matters you will be able to accumulate as much as you want. We need to take all of this more seriously because we've seen countless videos telling people to buy Bitcoin and keep it. If you imagined buying Bitcoin when they were saying it, you wouldn't want to miss this opportunity. And one way or the other it is just not late to invest.

[I_Anime]

This means that buying at the time when the price is on the increase is not wisdom

I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate.

This one of the role dca buying plays in bitcoin investment. Which serve with the purpose of purchasing bitcoin being able to purchase bitcoin.  Either weekly or monthly could be any of your choice  that suit you , most salary earners usually fixed their accumulation plan monthly buying , buying whether the price up or not they just buy because they just want to build their bitcoin stash.

[Alonso_]

This means that buying at the time when the price is on the increase is not wisdom

What are you talking about, you seems to be mixing everything up here, there is no particular favorable time to buy bitcoin you can buy bitcoin at anytime and it’s good to accumulate anytime, you can buy and accumulate bitcoin at anytime using the DCA not considering the situation of the market price, you can buy bitcoin at anytime using the DCA or you can as well buy through the lump sum considering that you have a discretionary income available.

I think you are new here, and you should try learning things about bitcoin and how to buy and accumulate bitcoin, instead of making proclamations, it would be best if you try to learn how to buy and accumulate bitcoin and hodl for a very long term.

[Sonia_123]

This means that buying at the time when the price is on the increase is not wisdom

What are you talking about, you seems to be mixing everything up here, there is no particular favorable time to buy bitcoin you can buy bitcoin at anytime and it’s good to accumulate anytime, you can buy and accumulate bitcoin at anytime using the DCA not considering the situation of the market price, you can buy bitcoin at anytime using the DCA or you can as well buy through the lump sum considering that you have a discretionary income available.

In addition either price is high or low, every time is always the best time to buy bitcoin, because waiting for the price of bitcoin to come down before buying may not really happen , a lot of persons have tried that method but end up regretting it, there fore in as much as you can afford the price of bitcoin at that period in time ,just keep buying and hodl for long- term without tempering, waiting for the price of bitcoin to drop might just make you end up being a low or no coiner.

 Waiting for the dip that might not come which  will make you loss focus and target, for those that do not wait for the dip before purchasing, but purchases regularly and consistently ends up being a successful investor and an achiever of their goal because with their little little accumulation using dca strategy, using your discretionary income gives them financial freedom.

[Bd officer]

In addition either price is high or low, every time is always the best time to buy bitcoin, because waiting for the price of bitcoin to come down before buying may not really happen , a lot of persons have tried that method but end up regretting it, there fore in as much as you can afford the price of bitcoin at that period in time ,just keep buying and hodl for long- term without tempering, waiting for the price of bitcoin to drop might just make you end up being a low or no coiner.

 Waiting for the dip that might not come which  will make you loss focus and target, for those that do not wait for the dip before purchasing, but purchases regularly and consistently ends up being a successful investor and an achiever of their goal because with their little little accumulation using dca strategy, using your discretionary income gives them financial freedom.

Of course, waiting for the price of Bitcoin to fall is not a wise thing to do. We can say that those who wait will never find the right time and they will just keep waiting due to which they will fail to invest. You are right, those who wait for the price to fall will regret it. And traders wait for the price to fall, they buy at a low price and sell at a high price, long-term investors need to change such a mindset. Therefore, the best strategy for investing is the DCA method, so the DCA method should be chosen to buy Bitcoin. If someone invests in the DCA method, then there is no need to wait for the price to fall, because he will be able to buy Bitcoin at a more or less average price.

[JayJuanGee]

This means that buying at the time when the price is on the increase is not wisdom

I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate.

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen.  If they happen, then is that when the buying starts? 

Sure, any newbie or even a person who perceives himself to not have enough bitcoin, would prefer to buy at a lower price than today's price, yet how is such guy going to know if the price is going down or to develop  a strategy for buying when the BTC price goes down, especially where there are decently good chances that the bitcoin price could do some kind of a stair step upwards and then never ever return to these prices, then such no coiner or low coiner will be in an even worse position than he would have had been if he had just bought coins.

We don't buy bitcoin regularly and all the time as beginners because we want to buy at a higher price, but instead we buy in order to get more bitcoin, since we are better off to ongoingly buy as soon as possible rather than to wait and get stuck with the chances of not having had sufficiently built our stash and then the prices end up going up rather than down as we had hoped.

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.

Can you please educate us when you think is the wrong time for investing in Bitcoin, if actually there is something like that. Being scared of your average cost of your portfolio increasing will make you skip buying bitcoin even with DCA method? I don't agree with you on this as I don't think there is a wrong time for an investor to buy bitcoin. I find this your teaching misleading. Your teaching is also encouraging timing the market before buying bitcoin which is also against the ethics of investors and the principles of this thread.

There is nothing like wrong time for investing in Bitcoin because Bitcoin can be accumulated anytime if your discretionary income is available and ready so there is nothing wrong and I think what the dude was trying to say is buying when the price of Bitcoin has surge which is wrong because as an investor you don't care if the price of Bitcoin is high or not because the dollar cost averaging (DCA) method is already there to help an investor accumulate or buy at any given price.

Nowadays, it's popular to invest whenever there are funds available, and many individuals are doing just that. This is because times have changed and people no longer want to invest when prices are low. When the capital is accessible, you don't need to worry about the state of the market, which is what many people constantly check. However, they don't need to look at the price; instead, they should concentrate on getting the capital before moving on to the next step, which is to make a purchase.

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

The DCA initiative has helped many investors achieve their goals, and now that things are looking different, we shouldn't undervalue what DCA can do because it will go a long way. Depending on how consistent the investor is which is all that matters you will be able to accumulate as much as you want. We need to take all of this more seriously because we've seen countless videos telling people to buy Bitcoin and keep it. If you imagined buying Bitcoin when they were saying it, you wouldn't want to miss this opportunity. And one way or the other it is just not late to invest.

Even though people try to act as if bitcoin is some kind of a mature asset, it is not, and we are still pretty early. . yet at the same time, it tends to take a decently long time to build up a bitcoin portfolio... so better to start sooner rather than later, and spend time buying bitcoin ongoingly for at least 4 years and then perhaps reassess from time to time and to learn about bitcoin and learn about our own finances and our psychology along the way while we are building our bitcoin investment and strengthening our cashflow management systems and practices.

[Catenaccio]

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start. Bitcoin market is similar market, which can not rise forever and has up and down, bull market and bear market. Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.

If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen.  If they happen, then is that when the buying starts?

They must start with learning.

Learning about Bitcoin market cycle.
How long does a Bitcoin market cycle last?
Which percents of corrections from ATHs to bottoms of past bear markets?
Which ROIs from bottoms to ATHs of a next market cycle?

Many things for learning but these things are important for their knowledge, mentality preparation, finance and investment capital preparation as well as strategies for their purchases, holdings, and withdrawals.

Bitcoin performances in October months so far.

[Derekfunds]

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

Yes you are absolutely correct JJG and majority of the people that will want to buy when Bitcoin price is lower are those with the mindset of selling back when the price surge. But it gives an investor advantage of been at a little percent profit after buying at low and the price appreciate but that should not move an Investor to tend to sell off otherwise the person is joking with his or her investment because Bitcoin will definitely give them more than that in the long run.

I think you also made this clear before that we should keep accumulating little by little and while we are doing that we should also make a reservation in our discretionary income that we will use to front load or buy aggressively when Bitcoin price Dip since we can not tell when it will Dip and so waiting without accumulating is a bad idea and can draw someone back in their investment.

[Gost ms]

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start. Bitcoin market is similar market, which can not rise forever and has up and down, bull market and bear market. Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.

If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen.  If they happen, then is that when the buying starts?

They must start with learning.

Learning about Bitcoin market cycle.
How long does a Bitcoin market cycle last?
Which percents of corrections from ATHs to bottoms of past bear markets?
Which ROIs from bottoms to ATHs of a next market cycle?

Many things for learning but these things are important for their knowledge, mentality preparation, finance and investment capital preparation as well as strategies for their purchases, holdings, and withdrawals.

Bitcoin performances in October months so far.

A new person does not need much to invest in Bitcoin. As you said, if a new person is willing to learn or gain knowledge about these things, then he will never be able to start investing. A new person needs to start investing in the first place, if a person has basic knowledge about Bitcoin, faith in Bitcoin and a source of discretionary income, then he can start investing. If a person has these things in his mind and waits to invest in order to gain more knowledge, then it will never be the right decision. A person needs to start investing first. After starting investing, a person can gain more knowledge in a deeper way. Waiting to invest in order to gain knowledge will never be the right approach. It will be better for an investor to learn the things you mentioned after starting investing.

How long does a Bitcoin market cycle last? No one can ever say. Because Bitcoin is not under anyone's control. Bitcoin is not controlled by any person or bank. If there was a person or bank controlling the stream, it might have been said.

[Hewlet]

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start.

It is not entirely an horrible thinking and certainly, a lot of us had so many not so true ideas at the time we got started in our bitcoin investment but overtime, we have learnt a lot about bitcoin on how investment journey. from an elementary point of view, bitcoin is a volatile asset and by that, it means that within a short timeframe, we can see some up and some down which agrees with your assertion that bitcoin price does not continue to go up and up and up. but what if we consider it from a long term perspective looking at it from how far bitcoin has come? wont it be right to conclude that bitcoin has been going up and up and up to this point we are now regardless of some correction that has happened occasionally?

Bitcoin does not take a linear part and that is where short term traders or gamblers always get it wrong but in the long run, you can see what looks like a linear movement as bitcoin continues to witness ATH upon ATH. every time we see new ATH it shows that bitcoin has gone high than it did in the past.

Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.

sure. bitcoin investment requires planning and investing with the right strategy as well as identifying the stage you are in as an investor and what you should be doing at that stage. for instance, if you are still in your accumulation phase, the only thing that should be your concern should be strategy that you can set up that will help you accumulate and get to your investment goal fast enough. selling should never come to mind in that phase until you have attained your goal and regardless of the short term market reaction, you know better that it can only last for a short period of time and so, you are never worried because of short term market sentiment.

[gracreavix]

Yes, that's definitely right. It's best for an investor to observe when to buy and have the right knowledge.

A long term bitcoin investor only need to be able to figure out his or her discretionary income to use and accumulate bitcoin and hold for the long term goal. I don’t really understand what you have in mind when you are talking about observing when to buy, but if it is all about you trying to observe market price before you buy or accumulate bitcoin then you’re getting a wrong investment mindset and that is a mindset of traders who only comes in for a short and quick profit making mindset. They waste time trying to time and observe the market to buy whenever they noticed the price is low so that they can sell when the price is high, and also they panic and sell too Early whenever they noticed a little downturn in the market price or when it’s not going their way and that will lead them to a loss because at that time they will surely sell at a huge loss.
As a long term bitcoin investor, you don’t have to observe the market price before accumulating bitcoin, all you need to do is to focus on figuring out a discretionary income to consistently or perhaps persistently accumulate bitcoin and hold for the long term purpose, using the DCA method of accumulation either weekly or monthly depending on how your income flows.

Constantly watching the market before buying Bitcoin usually pushes people into a trader’s mindset instead of an investor’s. Trying to time the market often ends with stress, panic selling, and losses.

For a long term investors, the key is figuring out how much discretionary income you can commit and sticking to a consistent plan, regardless of short term price swings. That’s why DCA is effective because it always removes emotions and guesswork while building steady accumulation over time. It’s not really about buying at the bottom. The difference is that investors usually think long term, while traders are mostly chasing short term price swings.

[Guccho]

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start.

It is not entirely an horrible thinking and certainly, a lot of us had so many not so true ideas at the time we got started in our bitcoin investment but overtime, we have learnt a lot about bitcoin on how investment journey. from an elementary point of view, bitcoin is a volatile asset and by that, it means that within a short timeframe, we can see some up and some down which agrees with your assertion that bitcoin price does not continue to go up and up and up. but what if we consider it from a long term perspective looking at it from how far bitcoin has come? wont it be right to conclude that bitcoin has been going up and up and up to this point we are now regardless of some correction that has happened occasionally?

Bitcoin does not take a linear part and that is where short term traders or gamblers always get it wrong but in the long run, you can see what looks like a linear movement as bitcoin continues to witness ATH upon ATH. every time we see new ATH it shows that bitcoin has gone high than it did in the past.

In my opinion, the truth is that Bitcoin is a highly volatile asset. Its price can rise rapidly but it can also suddenly crash. We have seen this many times in history especially in the 2021 cycle. So investing all at once or assuming it will only rise can be fatal in the long run.

So it is always discussed in this thread that the best strategy for beginners is to buy small amounts regularly DCA. This way you don't have to worry about when the market is high or low and you create a long term holding at an average price. Of course you have to invest within your financial limits not by borrowing or using leverage. This can put you under more pressure. And why just take on the burden of pressure? Another important thing is security. If you leave a large amount of coins on an exchange there is a risk of being hacked or bankrupt so using a non custodial wallet is the safest.
So  I think the idea of "buying to stay on top" is not bad but it must be accompanied by a conscious plan.

[JayJuanGee]

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start. Bitcoin market is similar market, which can not rise forever and has up and down, bull market and bear market. Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.

Why so many requirements to get started in bitcoin, and why shouldn't a guy presume that the BTC price is going up forever, even if there might be volatility (meaning up and down) along the way?

He can adjust position size for his lack of knowledge too.

If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen.  If they happen, then is that when the buying starts?

They must start with learning.

Learning about Bitcoin market cycle.
How long does a Bitcoin market cycle last?
Which percents of corrections from ATHs to bottoms of past bear markets?
Which ROIs from bottoms to ATHs of a next market cycle?

Start with learning about those kinds of thing?  You sound like a trader who is trying to figure out when to get in and out.  I cannot see why a guy has to start out learning all of those kinds of price dynamic matters.

He could start out merely looking at a chart for 5 minutes and see that the BTC price generally goes up and down, and even conclude that in the long term, it looks like it is going up.. so what else does he need to know about the price and all that crap that you describe in order to get started buying bitcoin?  

Of course, he has to be able to do simple math to figure out whether he has discretionary funds available or not.  If he figures out that he has discretionary funds available then he can get started right away.  Sure he might want to think about how much he wants to put in, but if he has accurately determined that he has discretionary funds available, he already has the ability to get started right away.

If he wants to be aggressive or go BIG into bitcoin, then he might need to research into the matter with more detail, yet he hardly needs to know anything about the bitcoin price dynamics except making a superficial assessment that number tends to go up, in order to get started... He might not even need to assess anything about the price, in the short term.. especially if he is just trying to figure out how to buy his first $100 or his first $10 or whatever amount that he determined to be his discretionary funds amount that he would like to start with.

Many things for learning but these things are important for their knowledge, mentality preparation, finance and investment capital preparation as well as strategies for their purchases, holdings, and withdrawals.

I think this stuff can be learned along the way.  Sure it is important, but not needed in order to get started.

Bitcoin performances in October months so far.

Nothing wrong with the various charts, even though I doubt that they need be known or studied in detail to get started, even though it does not hurt for someone to overview and see bitcoin's price history, as long as he can appreciate that past performance does not guarantee future results.

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

Yes you are absolutely correct JJG and majority of the people that will want to buy when Bitcoin price is lower are those with the mindset of selling back when the price surge.

I am not saying that the ONLY reason that a person wants to buy low is to be able to sell in a short period of time.  I think that most people would prefer to buy cheaper rather than buying at a higher price, yet the problem is that we can never have a lot of confidence that the BTC price is going down, even when everyone is saying that it is going down.  It may or may not go down from any particular price point that we are at.

But it gives an investor advantage of been at a little percent profit after buying at low and the price appreciate but that should not move an Investor to tend to sell off otherwise the person is joking with his or her investment because Bitcoin will definitely give them more than that in the long run.

I agree that with bitcoin it tends to be better to not get caught up upon price, especially in our first 4-6 years buying bitcoin. It is likely better to just be consistently buying and then maybe at some point later (like after accumulating for several years - unless there was a lot of front loading of the investment early on) there might be more concerns about buying on dips...

I think you also made this clear before that we should keep accumulating little by little and while we are doing that we should also make a reservation in our discretionary income that we will use to front load or buy aggressively when Bitcoin price Dip since we can not tell when it will Dip and so waiting without accumulating is a bad idea and can draw someone back in their investment.

I never said that a person needs to either buy aggressively during dips or that he needs to set aside money for buying dips.

Sure there can be an option to set aside money for buying on dips, but it might not be a good way of proceeding with a bitcoin investment in order to really attempt to be aggressive.  The aggressive person might be working on buying all the time no matter what is the price, and sure after several years of buying bitcoin, his bitcoin stash size might inform him whether he might want to make adjustments to his buying strategies. 

Another thing is that front loading does not necessarily mean saving up in order to buy dips, yet the idea of front loading is to buy sooner rather than later, so there might be a purpose to get ahold of more money or even to invest at higher levels of aggressiveness in the beginning of the investment..  Sure the motivation might be based on price, but not necessarily.

Many folks were teasing Tim Draper in mid 2014 when he bought around 30,000 bitcoin at around $600 each (it was the US Marshall auction where he won all of the lots of bitcoin (that were maybe 5,000 bitcoin per lot) by bidding higher than everyone else), yet that was a kind of front loading of the investment, even though the BTC price was below $600 for more than 2 years after he bought them at that price, yet he was still front loading his investment into bitcoin by buying a whole bunch of bitcoin at one time... and wanting to get ahead of the investment., even though he ended up having to wait more than 2 years before those coins became profitable.

[Nightwatchmare]

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.

Bitcoin investment isn't risk free as you claim but the risk in Bitcoin investment is minimal compared to other investments, and if you don't sell your Bitcoin out of fear or panic you won't lose your money in Bitcoin investment. You are absolutely wrong if you think investing in Bitcoin doesn't require much time and money because you need time and money that will allow you to accumulate good quantity of Bitcoin before you can talk about making profit from your Bitcoin investment. Investing in Bitcoin for the long term is the only means to be in good profit, and while you are investing in Bitcoin you use their discretionary income to invest in Bitcoin because Bitcoin investment isn't risk free.

[Just Say]

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

This seems a bit counterintuitive to me, as not everyone will want to buy Bitcoin even if the price is low, because buying or investing in Bitcoin is a personal decision and there are various factors involved. Such as personal risk tolerance, financial goals, and market volatility. If everyone liked to buy Bitcoin at a low price, then maybe in the past when Bitcoin was under $100/400 dollar, many people would have jumped in and filled their bags with Bitcoin, likewise no matter what the current price of Bitcoin is, those who lack accurate information and awareness about Bitcoin will not purchase Bitcoin at a low price. Moreover one should not be eccentricity at all with Bitcoin investments because there is no way to expect when the dip will occur in the Bitcoin market. So Why should we wait for a dip market?

[Lembo69]

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,

It will never be logical to just wait for a fall. Rather, it will be a waste of time and lack of confidence. A new investor should never be encouraged to fall. Buy from the current market price, but keep the investment management consistent even through the DCA strategy.

If there is a fall while your investment is consistent, try to buy more units from prudent income.

And keep an emergency fund and backup fund along with the investment. The emergency fund will be your danger companion that will save you from sudden danger.

Follow the DCA strategy while investing in the first stage. And try to increase the portfolio slowly. This will make your investment sound and risk-free.

[Futurexxx]

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

. If everyone liked to buy Bitcoin at a low price, then maybe in the past when Bitcoin was under $100/400 dollar, many people would have jumped in and filled their bags with Bitcoin, likewise no matter what the current price of Bitcoin is, those who lack accurate information and awareness about Bitcoin will not purchase Bitcoin at a low price.

investors that didn't buy Bitcoin when it was just $100 dollar were just ignorant or misinformed about it, not that they weren't interested, who in his right sense will not want to grow rich, just that ignorance and everyone risk tolerance are not the same.

. So Why should we wait for a dip market?

No need for that buddy, buying and accumulating a dip has never been a problem, where the problem usually is, is waiting for it, because when you wait for the price of Bitcoin to dip, thinking that you can outsmart the market, you are likewise limiting yourself and your stash of Bitcoin that would have increased if you are still accumulating consistently regardless of it price, because no one knows when it will dip or rise, so why not keep on accumulating when this current price might be a serious dip in the future?
So I agree with your sentiment here, their is no point waiting for the dip when we know that this current price is a steal in the nearest future.

[De seer1]

I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.

If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start. Bitcoin market is similar market, which can not rise forever and has up and down, bull market and bear market. Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.

Why so many requirements to get started in bitcoin, and why shouldn't a guy presume that the BTC price is going up forever, even if there might be volatility (meaning up and down) along the way?

He can adjust position size for his lack of knowledge too.

If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen.  If they happen, then is that when the buying starts?

Any one who enter the Bitcoin market with ideal of the price increasing up  is setting  him or her selves up for disappontment before purchasing the Bitcoin we should have this in back of our mind every investor should be clear on the  few things such as why are we buying, buying Bitcoin is the long term investment,  secondly how far can you hold it, Bitcoin can last through some years volatile it can handle the emotional pressure durin down turn. when you do not have a plan in your investment it is called gambling becuse understanding the entry point risk level when you sell your coins matters alot.
They must start with learning.

Learning about Bitcoin market cycle.
How long does a Bitcoin market cycle last?
Which percents of corrections from ATHs to bottoms of past bear markets?
Which ROIs from bottoms to ATHs of a next market cycle?

Start with learning about those kinds of thing?  You sound like a trader who is trying to figure out when to get in and out.  I cannot see why a guy has to start out learning all of those kinds of price dynamic matters.

He could start out merely looking at a chart for 5 minutes and see that the BTC price generally goes up and down, and even conclude that in the long term, it looks like it is going up.. so what else does he need to know about the price and all that crap that you describe in order to get started buying bitcoin?  

Of course, he has to be able to do simple math to figure out whether he has discretionary funds available or not.  If he figures out that he has discretionary funds available then he can get started right away.  Sure he might want to think about how much he wants to put in, but if he has accurately determined that he has discretionary funds available, he already has the ability to get started right away.

If he wants to be aggressive or go BIG into bitcoin, then he might need to research into the matter with more detail, yet he hardly needs to know anything about the bitcoin price dynamics except making a superficial assessment that number tends to go up, in order to get started... He might not even need to assess anything about the price, in the short term.. especially if he is just trying to figure out how to buy his first $100 or his first $10 or whatever amount that he determined to be his discretionary funds amount that he would like to start with.

Many things for learning but these things are important for their knowledge, mentality preparation, finance and investment capital preparation as well as strategies for their purchases, holdings, and withdrawals.

I think this stuff can be learned along the way.  Sure it is important, but not needed in order to get started.

https://pbs.twimg.com/media/GIQMDJCaQAAeBCM?format=png&name=900x900

https://pbs.twimg.com/media/GnJu5hQbsAA8V7x?format=jpg&name=900x900

Bitcoin performances in October months so far.

https://pbs.twimg.com/media/G2BQMoLXgAA0_EY?format=jpg&name=900x900

Nothing wrong with the various charts, even though I doubt that they need be known or studied in detail to get started, even though it does not hurt for someone to overview and see bitcoin's price history, as long as he can appreciate that past performance does not guarantee future results.

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

Yes you are absolutely correct JJG and majority of the people that will want to buy when Bitcoin price is lower are those with the mindset of selling back when the price surge.

I am not saying that the ONLY reason that a person wants to buy low is to be able to sell in a short period of time.  I think that most people would prefer to buy cheaper rather than buying at a higher price, yet the problem is that we can never have a lot of confidence that the BTC price is going down, even when everyone is saying that it is going down.  It may or may not go down from any particular price point that we are at.

But it gives an investor advantage of been at a little percent profit after buying at low and the price appreciate but that should not move an Investor to tend to sell off otherwise the person is joking with his or her investment because Bitcoin will definitely give them more than that in the long run.

I agree that with bitcoin it tends to be better to not get caught up upon price, especially in our first 4-6 years buying bitcoin. It is likely better to just be consistently buying and then maybe at some point later (like after accumulating for several years - unless there was a lot of front loading of the investment early on) there might be more concerns about buying on dips...

I think you also made this clear before that we should keep accumulating little by little and while we are doing that we should also make a reservation in our discretionary income that we will use to front load or buy aggressively when Bitcoin price Dip since we can not tell when it will Dip and so waiting without accumulating is a bad idea and can draw someone back in their investment.

I never said that a person needs to either buy aggressively during dips or that he needs to set aside money for buying dips.

Sure there can be an option to set aside money for buying on dips, but it might not be a good way of proceeding with a bitcoin investment in order to really attempt to be aggressive.  The aggressive person might be working on buying all the time no matter what is the price, and sure after several years of buying bitcoin, his bitcoin stash size might inform him whether he might want to make adjustments to his buying strategies. 

Another thing is that front loading does not necessarily mean saving up in order to buy dips, yet the idea of front loading is to buy sooner rather than later, so there might be a purpose to get ahold of more money or even to invest at higher levels of aggressiveness in the beginning of the investment..  Sure the motivation might be based on price, but not necessarily.

Many folks were teasing Tim Draper in mid 2014 when he bought around 30,000 bitcoin at around $600 each (it was the US Marshall auction where he won all of the lots of bitcoin (that were maybe 5,000 bitcoin per lot) by bidding higher than everyone else), yet that was a kind of front loading of the investment, even though the BTC price was below $600 for more than 2 years after he bought them at that price, yet he was still front loading his investment into bitcoin by buying a whole bunch of bitcoin at one time... and wanting to get ahead of the investment., even though he ended up having to wait more than 2 years before those coins became profitable.

[Tonimez]

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening.  Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

This seems a bit counterintuitive to me, as not everyone will want to buy Bitcoin even if the price is low, because buying or investing in Bitcoin is a personal decision and there are various factors involved. Such as personal risk tolerance, financial goals, and market volatility. If everyone liked to buy Bitcoin at a low price, then maybe in the past when Bitcoin was under $100/400 dollar, many people would have jumped in and filled their bags with Bitcoin, likewise no matter what the current price of Bitcoin is, those who lack accurate information and awareness about Bitcoin will not purchase Bitcoin at a low price. Moreover one should not be eccentricity at all with Bitcoin investments because there is no way to expect when the dip will occur in the Bitcoin market. So Why should we wait for a dip market?

One thing that we need to understand is that humans are always the same even though we aspire to change people's view about same fact over the time. Bitcoin volatility has been in existence as long as bitcoin itself and same phobia it creates today amongst investors has been the same back in the days of $100 to $1k and more or less. Same people who could not invest when it was $100 out of fear would rarely accept investing now that it is $116k. These group of investors when they finally sneak into bitcoin investment, they mask their procrastination with waiting for Dips.

Some investors who were intentional bought bitcoin at a very cheap price and HODL all along, others bought at that low price but immediately they felt they had a profit on it, they sold it off and never bought back because bitcoin couldn't Dip to their choice price while others could not invest out of fear and panic back then and even now.

Waiting for Dip is a waste of time. One of our great men here noted that he has stacked up his wallet amounting to a cumulative cost per bitcoin of $6k per bitcoin in his wallet; when bitcoin is already at $116k. There are facts around to prove to the faint hearted how workable it is to buy consistently by any of the strategies but not waiting for the dips which may never occur. HODLing is as crucial as buying the bitcoin, so buying bitcoin should be strictly by discretionary income. You can improve your accumulation speed by periodic aggressive buys probably when you have additional discretionary income and/or lower price too. Newbies should get their way around bitcoin straight and don't allow FOMO ruin your financial future freedom.