Buy Buy Buy or Sell Sell Sell?

[Agbam]

Yeah, It’s never a right move to take loans for an investment, there are a lot of financial hazards that can result from this  and people should Not rush in to invest in bitcoin, always go in with money you can afford to lose as this gives a better balance, peace and calm in face of market volatility. I know we all want bitcoin to go up once we invest but we should know that it can also go down and sometimes it stays down for a while before bouncing back up. Taking loans for bitcoin investment should not be encouraged or practiced at all.

No bro, it's never a bad idea to take such a step if you have other means of paying back the loan and the outcome of your investment has no role in your ability to pay it back without stress, where their is problem is when you have it at the back of your mind that you will be paying it back from your Bitcoin investment, that's where the problem lies.
We have seen in the past how rich guys take loans from the bank just to leverage on a situation because they knows that they can easily pay back the loan from another source, it's only when you don't have other means of paying it back and the interest rate are on the higher side, that's when it's greatly discouraged not to engage in any loan activities.

Yeah I’m talking about your second point, when people borrow and hope to pay back with the proceeds of their investments, that is totally bad for an investment you aren’t 100% sure of. If the loan tenure is 1 year and has accrued interests and in that one year market didn’t go to the heights you expected to realise your profits it becomes a very difficult and bad situation for you. And once you keep waiting your interest will be rising. There are also situations where taking a loan can be profitable, but this is not guaranteed.

Talking about having another source of income to pay back the loan, this is very tricky what if there’s an emergency (a loss of job or in a case of business a deal gone wrong), you have to be sure that other source is tight fit, people has lost properties they used as collateral for situations they thought they could handle.
Honestly I think loan favors well standing companies than just an individual, that’s a company that has had years of revenue generation, they just make use of loans for expansions.

I don’t know I don’t think or feel comfortable taking money from someone to invest in bitcoin I’ll rather keep investing with my own free money than risk loosing more. Bitcoin isn’t going away I’ll rather take the slow and steady ride than the fast accident prone one. Let the big guns and Companies take the high way (loans).

[Sonia_123]

Is never a bad idea to borrow money to do business when you feel like is best time to invest especially business like Bitcoin, thou there's never a bad time to invest in Bitcoin but opportunity might present itself that when you will like to invest when it's dip in market and you don't have you discretionary funds at that moment, I think you can borrow when you have means of paying back  aside from profit from you investment



Business wise is  to invest in Bitcoin with you discretionary funds, so if it happens to be that you borrowed money to in invest in Bitcoin and planning to hold for long time as expected, you should  payback with your discretionary funds to avoid emergency that will lead to think of your investment.     I think it will be even easier to pay back cox it will installment in laying back loan.
So it a good idea to borrow money to invest in Bitcoin  especially if you  can't get hold on a enough money to invest, you can borrow and be paying back installmently  when you have means aside from your you investment

It is not always wise to take a loan to invest in Bitcoin because you don't really know what the market price will turn out to be tomorrow, take for instance you took a loan to but bitcoin when the price was $120 and now the price of bitcoin is less than $110 and maybe with your expectations that bitcoin will be rising continuously promising to pay with in a short period of time and did not happen as planned, remember your interest rate keeps increasing and accumulating how then do you intend to pay back, what about your coleteral you made how do you now retrieve them back.

Instead of taking a loan, you should have gotten extra job to boost your income and have a set aside funds before getting to the dip, that you will comfortable buy with it, and that is why it is important to plan your investment properly along the line of Investment

Bitcoin Investment is risky to be involved with loan, and that is why you are advised to invest with what you can afford to lose not with a loan and for future sake so that you don't ends up losing all you have Invested untimely due to the pressure of the loan repayment/interest and become a low or a no coiner, because their are a lot of unforseen circumstances than can occur along the period of the loan remember that bitcoin investment is not guaranteed therefore we need to be very careful.

[Bd officer]

It is not always wise to take a loan to invest in Bitcoin because you don't really know what the market price will turn out to be tomorrow, take for instance you took a loan to but bitcoin when the price was $120 and now the price of bitcoin is less than $110 and maybe with your expectations that bitcoin will be rising continuously promising to pay with in a short period of time and did not happen as planned, remember your interest rate keeps increasing and accumulating how then do you intend to pay back, what about your coleteral you made how do you now retrieve them back.
[....]

I don't know why some people recommend taking loans and investing in Bitcoin. In fact, why do people take loans? They plan to borrow when they don't have money, so if someone doesn't have money, they don't need to invest. On the other hand, someone says that they will invest with a loan and pay it off from their income, now if someone has a source of income then what is the need to invest with a loan? He can invest according to his ability from his salary at the end of the month. And if one invests in DCA method then it is not a good idea to take loan to buy dip, rather it would be better to invest in DCA method from his income. Actually the price of Bitcoin is unexpected, so no one knows what will happen tomorrow. So investing with loans is not a good idea.

[Proty]

It is not always wise to take a loan to invest in Bitcoin because you don't really know what the market price will turn out to be tomorrow, take for instance you took a loan to but bitcoin when the price was $120 and now the price of bitcoin is less than $110 and maybe with your expectations that bitcoin will be rising continuously promising to pay with in a short period of time and did not happen as planned, remember your interest rate keeps increasing and accumulating how then do you intend to pay back, what about your coleteral you made how do you now retrieve them back.
[....]

I don't know why some people recommend taking loans and investing in Bitcoin. In fact, why do people take loans? They plan to borrow when they don't have money, so if someone doesn't have money, they don't need to invest. On the other hand, someone says that they will invest with a loan and pay it off from their income, now if someone has a source of income then what is the need to invest with a loan? He can invest according to his ability from his salary at the end of the month. And if one invests in DCA method then it is not a good idea to take loan to buy dip, rather it would be better to invest in DCA method from his income. Actually the price of Bitcoin is unexpected, so no one knows what will happen tomorrow. So investing with loans is not a good idea.

yes it is not a good idea to borrow money for investing in bitcoin. Bitcoin been volatile in nature makes this idea to be very risky. But it won't be a bad idea if an investor that is already on the accumulation phase decide to borrow money to buy a dip and then repay the loan from his /her monthly income . It will be wrong for someone that is still starting or that plan to start buying bitcoin to begin to think of borrowing money to start with, especially when they are planning to repay back the borrowed money from the profit there bitcoin will yield.

[ruykeri]

Is never a bad idea to borrow money to do business when you feel like is best time to invest especially business like Bitcoin, thou there's never a bad time to invest in Bitcoin but opportunity might present itself that when you will like to invest when it's dip in market and you don't have you discretionary funds at that moment, I think you can borrow when you have means of paying back  aside from profit from you investment

Business wise is  to invest in Bitcoin with you discretionary funds, so if it happens to be that you borrowed money to in invest in Bitcoin and planning to hold for long time as expected, you should  payback with your discretionary funds to avoid emergency that will lead to think of your investment.     I think it will be even easier to pay back cox it will installment in laying back loan.
So it a good idea to borrow money to invest in Bitcoin  especially if you  can't get hold on a enough money to invest, you can borrow and be paying back installmently  when you have means aside from your you investment

If you borrow money to invest in Bitcoin for business purposes, I don't think it's a good way to plan for the long term. When you borrow money to buy Bitcoin at a dip, there will be some problems here. First, the pressure of debt will create mental instability. This will make it difficult to make the right decision at the right time. Because it is very important to be mentally stable at all times when investing in Bitcoin.Secondly, when the mentality of investing more money to buy at a dip is created, even if you borrow it, when the price increases, you will want to sell it again. It is very important to keep yourself calm at this time, but those who invest in Bitcoin as a trader cannot invest in it for a long time with this kind of mentality.Thirdly, no one can say exactly when Bitcoin is a real dip. Sometimes the price of Bitcoin starts falling at a few stages, and sometimes it starts rising again after a little decrease. This is completely uncertain. So if you do DCA, you can buy Bitcoin at all valuations with discretionary income.A good investor always invests with patience and a long-term plan for the security of himself and his family in the future. It is much better to invest in the long term to create life security than to take the risk of trading in the short term by borrowing money.

[Xcode7]

It is not always wise to take a loan to invest in Bitcoin because you don't really know what the market price will turn out to be tomorrow, take for instance you took a loan to but bitcoin when the price was $120 and now the price of bitcoin is less than $110 and maybe with your expectations that bitcoin will be rising continuously promising to pay with in a short period of time and did not happen as planned, remember your interest rate keeps increasing and accumulating how then do you intend to pay back, what about your coleteral you made how do you now retrieve them back.
[....]

I don't know why some people recommend taking loans and investing in Bitcoin. In fact, why do people take loans? They plan to borrow when they don't have money, so if someone doesn't have money, they don't need to invest. On the other hand, someone says that they will invest with a loan and pay it off from their income, now if someone has a source of income then what is the need to invest with a loan? He can invest according to his ability from his salary at the end of the month. And if one invests in DCA method then it is not a good idea to take loan to buy dip, rather it would be better to invest in DCA method from his income. Actually the price of Bitcoin is unexpected, so no one knows what will happen tomorrow. So investing with loans is not a good idea.

yes it is not a good idea to borrow money for investing in bitcoin. Bitcoin been volatile in nature makes this idea to be very risky. But it won't be a bad idea if an investor that is already on the accumulation phase decide to borrow money to buy a dip and then repay the loan from his /her monthly income . It will be wrong for someone that is still starting or that plan to start buying bitcoin to begin to think of borrowing money to start with, especially when they are planning to repay back the borrowed money from the profit there bitcoin will yield.

It is better not to take out a loan to invest, it is very risky but sometimes we have to do some other ways to get a lot of profit, it is true as you mentioned that there are loans that we can take out but we have to be responsible for paying them regardless of what the market conditions will be and investments that have been built for the long term should not be disturbed, meaning that we can only take out a loan if we are able to pay it with other income.

[Solokan]

Is never a bad idea to borrow money to do business when you feel like is best time to invest especially business like Bitcoin, thou there's never a bad time to invest in Bitcoin but opportunity might present itself that when you will like to invest when it's dip in market and you don't have you discretionary funds at that moment, I think you can borrow when you have means of paying back  aside from profit from you investment



Business wise is  to invest in Bitcoin with you discretionary funds, so if it happens to be that you borrowed money to in invest in Bitcoin and planning to hold for long time as expected, you should  payback with your discretionary funds to avoid emergency that will lead to think of your investment.     I think it will be even easier to pay back cox it will installment in laying back loan.
So it a good idea to borrow money to invest in Bitcoin  especially if you  can't get hold on a enough money to invest, you can borrow and be paying back installmently  when you have means aside from your you investment

Indeed, there are many people who borrow money from banks, relatives, or others, and use the borrowed money to buy BTC and ultimately invest in BTC for the long term. Over time, people who borrow money can pay it back in installments, and eventually the debt will be paid off.

Indeed, BTC has the potential to keep rising and will certainly continue to set new all-time highs. Of course, many people have been fortunate by investing in BTC, provided they hold onto it for the long term. However, personally, I prefer to invest in BTC using money that I am willing to lose. In my opinion, using borrowed money to buy BTC is not a good idea because we cannot predict the future price of BTC, and it could potentially decrease. Therefore, I prefer to use money that I am willing to lose to buy BTC, as I believe using borrowed money to buy BTC is not the right choice. However, ultimately, the decision rests with each individual.

[Barikui1]

When you borrow money to buy Bitcoin at a dip, there will be some problems here. First, the pressure of debt will create mental instability. This will make it difficult to make the right decision at the right time. Because it is very important to be mentally stable at all times when investing in Bitcoin.

If you feel something like this, if you are mentally unstable just because you took a loan to invest with, just know that you shouldn't be taking such loan because it's a loan you can't afford. Taking a loan is something that lightens your burden not add more pressure on you.

Secondly, when the mentality of investing more money to buy at a dip is created, even if you borrow it, when the price increases, you will want to sell it again

Anyone that think on selling his holdings or part of it just because he feels like he is now in a profit is actually not an investor but a trader that sells for minimal gains.

It is much better to invest in the long term to create life security than to take the risk of trading in the short term by borrowing money.

I largely agree to what you said here, investing in Bitcoin with the intention of holding for long is the ideal way to go about your Bitcoin investment, but I want to make it clear to you that borrowing money to invest in Bitcoin doesn't mean that such person is not thinking long term, because if it's a loan he can afford, he can pay it back easily from another source.

[Gost ms]

When you borrow money to buy Bitcoin at a dip, there will be some problems here. First, the pressure of debt will create mental instability. This will make it difficult to make the right decision at the right time. Because it is very important to be mentally stable at all times when investing in Bitcoin.

If you feel something like this, if you are mentally unstable just because you took a loan to invest with, just know that you shouldn't be taking such loan because it's a loan you can't afford. Taking a loan is something that lightens your burden not add more pressure on you.

Yes you are right, there are many people who take loans to buy aggressively without proper consideration. But a person should understand whether he can repay the loan or not or if he does take a loan, will he find this loan too stressful. There are many who get very scared after taking the loan. If someone thinks like that, then he should never think of investing in loans. A person should take a loan when he is in a position to repay his loan and when he is not too worried about the loan, then he can invest in loans.

Secondly, when the mentality of investing more money to buy at a dip is created, even if you borrow it, when the price increases, you will want to sell it again

Anyone that think on selling his holdings or part of it just because he feels like he is now in a profit is actually not an investor but a trader that sells for minimal gains.

Selling some part of the holding does not seem like a bad idea to me. Because when a person gains double or more than his holding, he can withdraw some amount of the profit and enjoy it. But if a person sells his entire holding before the end of the period, then it will never be the right decision, then he will become a business from an investor

[Iamnma001]

When you borrow money to buy Bitcoin at a dip, there will be some problems here. First, the pressure of debt will create mental instability. This will make it difficult to make the right decision at the right time. Because it is very important to be mentally stable at all times when investing in Bitcoin.

If you feel something like this, if you are mentally unstable just because you took a loan to invest with, just know that you shouldn't be taking such loan because it's a loan you can't afford. Taking a loan is something that lightens your burden not add more pressure on you.

Yes you are right, there are many people who take loans to buy aggressively without proper consideration. But a person should understand whether he can repay the loan or not or if he does take a loan, will he find this loan too stressful. There are many who get very scared after taking the loan. If someone thinks like that, then he should never think of investing in loans. A person should take a loan when he is in a position to repay his loan and when he is not too worried about the loan, then he can invest in loans.

Secondly, when the mentality of investing more money to buy at a dip is created, even if you borrow it, when the price increases, you will want to sell it again

Anyone that think on selling his holdings or part of it just because he feels like he is now in a profit is actually not an investor but a trader that sells for minimal gains.

Selling some part of the holding does not seem like a bad idea to me. Because when a person gains double or more than his holding, he can withdraw some amount of the profit and enjoy it. But if a person sells his entire holding before the end of the period, then it will never be the right decision, then he will become a business from an investor

What are you saying exactly? Taking part of your holding to buy in dip, is not in that dip that you going to sell?
Whenever it's dip in market and you don't have any free money to invest I guess you just have to hold on to your holding and invest whenever you have free money again. What's part of dip in market is an opportunity and it might not be your turn at that moment but it might comes around again, you just have to believe in market and keep investing and don't wait, it again it opportunity again.

[Umulala-alala]

Selling some part of the holding does not seem like a bad idea to me. Because when a person gains double or more than his holding, he can withdraw some amount of the profit and enjoy it. But if a person sells his entire holding before the end of the period, then it will never be the right decision, then he will become a business from an investor

Selling some parts of bitcoin hodling wouldn't seems bad if that investor has held his bitcoin for long or has already arrived at their accumulation stage and there is nothing wrong taking a profit, but for some one who is still at their accumulation process shouldn't think of selling rather focus on how to be buying more bitcoin and hodl until you have arrived to your accumulation stage then you can take some profit by selling small part of your bitcoin holding and still be hodling.

[Derekfunds]

When you borrow money to buy Bitcoin at a dip, there will be some problems here. First, the pressure of debt will create mental instability. This will make it difficult to make the right decision at the right time. Because it is very important to be mentally stable at all times when investing in Bitcoin.

If you feel something like this, if you are mentally unstable just because you took a loan to invest with, just know that you shouldn't be taking such loan because it's a loan you can't afford. Taking a loan is something that lightens your burden not add more pressure on you.

Yes you are right, there are many people who take loans to buy aggressively without proper consideration. But a person should understand whether he can repay the loan or not or if he does take a loan, will he find this loan too stressful. There are many who get very scared after taking the loan. If someone thinks like that, then he should never think of investing in loans. A person should take a loan when he is in a position to repay his loan and when he is not too worried about the loan, then he can invest in loans.

Secondly, when the mentality of investing more money to buy at a dip is created, even if you borrow it, when the price increases, you will want to sell it again

Anyone that think on selling his holdings or part of it just because he feels like he is now in a profit is actually not an investor but a trader that sells for minimal gains.

Selling some part of the holding does not seem like a bad idea to me. Because when a person gains double or more than his holding, he can withdraw some amount of the profit and enjoy it. But if a person sells his entire holding before the end of the period, then it will never be the right decision, then he will become a business from an investor

What are you saying exactly? Taking part of your holding to buy in dip, is not in that dip that you going to sell?
Whenever it's dip in market and you don't have any free money to invest I guess you just have to hold on to your holding and invest whenever you have free money again. What's part of dip in market is an opportunity and it might not be your turn at that moment but it might comes around again, you just have to believe in market and keep investing and don't wait, it again it opportunity again.

Some people have taken this buying in dip in a wrong way some don't even know when to take advantage and when not to take advantage which makes them get into problem of selling premature or to panic. How will someone take advantage of the Dip when they are not even prepared for that and the only money one can use to take advantage when they are not prepared is a money or funds outside their discretionary income and it is very wrong to use money outside our discretionary to buy the Dip because that money has other things to take care of if need be.

[Skydrill]

This has a lot to also do with if the terms and conditions of  the loan repayment is flexible enough to suits your personal circumstances, I will even suggest that there should several kind of plans to be put in ground to enable the investors to meet up the plans even before the due date, plans such as plan A, plan B and plan C such that when one of the plans failed the other can come in, this is the kind of measures and cross evaluation I think is very important in this kind of situation because most persons takes loan without making the necessary arrangements of possible ways they can repay their loans, imagine how sweet it can be repaying your loan before the due date.

This is why I feels like before an investor takes a loan with the intention of investing with it, he has to look at the terms and conditions of the loan, if it can be paid back through installment, it's very good because the repayment plan is already made easier since it can be paid back easily from your paycheck once it comes in, but if their is no such plan, it would be challenging if you don't have a reliable source that you can easily pay back regardless of the outcome of your Bitcoin investment.

I personally think that it is challenging to invest in any place with debt because investing with debt creates tension or discomfort. Therefore, if you have the money to invest, then in my opinion it is better not to take a loan. And if you do not have the money, then you should invest with a small amount of debt, especially if you are investing in Bitcoin, I think it is better to have a long-term plan.

I totally agree with your first two lines of statement because whenever you borrowed money I don't know about others but there is always a feeling I mean an odd feeling that sometimes you will be restless or always thinking about the money you borrowed and sometimes this feeling can distract one from what they were supposed to do if you are the type that always get this feeling and vibe. Though it is not wrong to borrow to invest in Bitcoin but you should make sure that you have something that will clear up the money you borrowed because sometimes some people don't reason before they do things, they just do things haphazardly without thinking about the consequences.

it is natural to feel restless when you obtain a loan, the loan itself is enough reason for one to feel that way but it's better to focus on the brighter side especially if the proceeds of the loan obtained has been put into judicious use e.g, invested into something that could yield a very good profits, this was what nations like Brazil did, they secured an IMF loan and started investing in critical areas of their economy like manufacturing and in a very short while, Brazil became one of the biggest industrial hub in south America, their export grew, as well as their GDP, if a loan is obtained for the purpose of investment then it is a step in the right direction because there is medium through the loan can be redeemed.

[Rockson1]

I largely agree to what you said here, investing in Bitcoin with the intention of holding for long is the ideal way to go about your Bitcoin investment, but I want to make it clear to you that borrowing money to invest in Bitcoin doesn't mean that such person is not thinking long term, because if it's a loan he can afford, he can pay it back easily from another source.

What should come to every serious investors mind while investing in bitcoin should be long-term, bitcoin is a serious investment for serious people that understands that for anyone to secure the future, it has to be with an investment that is futuristic, so since we knwk the reoccurring history of bitcoin, investing in it should be with such mindset, borrowing to invest in bitcoin should only be done when you are an investor that a separate income that you can pay from without tampering your portfolio to pay for the loan, if you want to borrow to invest in bitcoin then it should be in a wise and smart manner which is by repayiny such loan from a source different from your assets and that does not keep you off from having your investment for a long-term, the only way you can get stucked if when you don't have a repayment concrete plan set aside.

[JayJuanGee]

it depends on what the loan is to be used for, if an individual secures a loan for the sole purpose of reinvesting the proceeds into any legitimate investment e.g Bitcoin,then I think that's a smart move because at the end of the day or before the time duration for the said loan elapsed then the person that took the loan would have either paid back the loan through other alternative means, especially in a situation where the his or her investment hasn't yielded the right profit perhaps he has invested in Bitcoin and hopes to grow his investment over time.

When you want to use borrowed money to invest in Bitcoin, you must have a clear strategy, understand the risks, and have the ability to repay the loan and interest (if your investment stalls because the selling price is lower than the purchase price). The most convenient way to invest in Bitcoin is by using your own money or spare cash that you don't use for other purposes, allowing you more freedom to manage it and avoiding the burden of price fluctuations.
However, when it comes to high-risk, high-reward investments, it can have other consequences if you have trouble repaying the loan. As you said, if you're not having any problems repaying the loan, investing with borrowed money might be a wise choice.

Personally, I have learned a lot from several users who have taken out loans on the DarkStar's Loans thread for various personal needs. When the price of Bitcoin or other coins agreed upon for the loan increases, those who take out the loan must pay a larger amount plus interest. I also saw that some users who took out loans had difficulty repaying their loans, and quite a few chose the option of paying in installments over several payments. So you need to consider all the risks before taking out a loan to invest, because your psychology will be disturbed if you are unable to pay it when it is due.

Those DarkStar loans that are facilitated in that thread are holy shit outrageous in the amount of interest that is being charged.  No one should get themselves in a situation where they are paying more than 0.1% daily and/or more than 3% monthly, and if that is compounding daily it might even be worse, and the  rate yearly is likely over 40%.  Of course, the DarkStar loans were only short term loans of a month or two.. but still, there are needs to consider interest rates on annualized bases in order to consider the extent to which any of the loans might be competitive...  Furthermore, we do not always refer to loans in terms of some of the details, including how they are compounding.. frequently if a loan is already promoted on a daily rate, then it likely is compounding daily which surely adds to the annualized interest rate and it becomes more complicated to calculate, even though there are all kinds of online tools for
those of us who might find it challenging to manually calculate various loans based on when they compound.

Of course in a forum like this there are likely risks that justify the higher interest rates that Darkstar chose to charge, yet even with higher rates, he did not have any shortage of members ready, willing and able to take those loans (even though some of them were scammers too, who did not pay back their loans, so they likely did not have good intentions from the start), so I am not criticizing DarkStar for figuring out what he considered to be a competitive rate based on the then current market conditions and including how he was choosing to provide and administer such loans.

When thinking about loans that might be used to purchase and/or leverage bitcoin, surely we might consider 6% per year and 4 year or longer loans to be potentially reasonably competitive, and yeah, if you could get better rates, that would be good, yet some guys might consider higher rates for their loans to even be worthwhile and/or competitive in terms of what is available to them and whether they are ready, willing and able to enter into them and to find potential benefits in entering into a loan rather than not...

So ultimately guys would have to weigh the terms of the loans that are available to them, and since getting loans is a more advance technique, it may be preferable that guys build up their cashflow management skills using regular cashflow management techniques prior to employing more advance techniques and/or leverage in regards to their accumulation of bitcoin.  

I am not that it would even be a good idea to employ more advance techniques (such as loans or the employment of other advance financial instruments that might have fees) merely because they are "more advance" and available.  The mere fact that something is more advance does not mean it is a good thing to use, merely because supposed "more sophisticated" players (and degenerate gamblers) are using such "more advance" techniques.  

One of the greatest benefits of bitcoin (at least historically) has been that the most that any of us can lose is 100% of what we invest, while having decently great odds to benefit from the upside, yet if you add leverage to what you are doing in relation to bitcoin then you really end up putting in the potential of losing more than 100% if you don't play your leverage correctly.  So I am not proclaiming myself to be totally against loans since there can be ways that guys can figure out ways that they believe they can benefit from the loans while not expecting that the loans are guaranteed to bring greater benefits from such loans as compared to not, since there continue to be upside and downside possibilities with bitcoin that loans could magnify.. and especially it seems like a desperation situation to be taking out a loan based on the kinds of rates that DarkStar had been offering..

[edited out]

You don’t need to have every financial or psychological duck in a row before stepping into Bitcoin. The key is to get started, not to wait for some mythical state of “perfect readiness.” Bitcoin rewards action and time, not hesitation and overthinking. Once you have some skin in the game, your learning curve accelerates, your mindset sharpens, and your conviction deepens.

Start small, adjust as you go, secure your holdings, but don’t waste years trying to blueprint the “perfect” entry. In Bitcoin, participation beats perfection every single time. Because here’s the harsh truth: procrastination is an investor’s silent thief. While you’re waiting for the perfect time, others are already stacking, learning, and positioning themselves for the future. Every day you delay is an opportunity slipping through your fingers.

One of the quotes, I have come across most times in these from is "the best time to invest in Bitcoin was yesterday, and the next best time is today". Everybody has to put these at the back of their heads and waste no time again in accumulation, Don’t wait for permission from your fears; start where you are, and let time do the compounding.

As I mentioned in another post, there has been convincing evidence that you have been accused of posting as a bot.. . ., so even though this is a well drafted and even agreeable post.. questions have been raised.. and sure there are likely a variety of other guys using bots to write their posts, but they are not excused in their doing that.. even if they have not been detected, yet.

You saying an investor can be able to take a loan and repay back the loan he took without sacrificing anything is somehow risky, infact its totally risky for any investor. Taking a loan to invest in bitcoin or any volatile asset is risky, and taking the loan to repay back without sacrificing anything is unpredictable. Actually you can be able to repay back if only I repeat if only the prices of bitcoin price rises immediately after your purchase, also if you applied for a low loan term and the interest rate is low and repayment is considerable, also the actual period you entered the market and you leaving the market with maximised profits before the markets dip. This way can save you from either touching your original savings and you can pay back the loan with profits gotten.

You aren't getting the actual point, are you?
You first need to understand that when taking a loan with the intention of investing it in bitcoin, or front loading your investment you are not paying it back from your bitcoin investment, you will be paying it back from another source, but if you don't have another source where you can pay it back from and you rely on your Bitcoin investment to pay it back from there, then you and your investment is doom for failure in a very short time.

I agree with what you are saying Finebone, yet I would say that a person who takes a loan and plans to pay it with the proceeds, he is not doomed.. yet he is gambling in a game that if he plays it enough times, it is more likely to be a losing rather than a winning game... even though if you have a loan that spans over more than 4 years, and perhaps it has a balloon payment at the end rather than being paid in whole through the 4 years, then it could well be that you would not need any other proceeds - even though, even in those cases, it would be best to have a back up plan, even though bitcoin 4 year periods have tended to be profitable, even when measuring from tops... yet at the same time, there is no guarantee that even a more than 4 year timeline for a loan would result in profits from the investment and an ability to pay off the underlying and also pay off the various loan costs.

The punchline might be that we should not be employing gambling techniques in regards to our investment, and if we at least have back up means to pay our loan terms, then we are less likely to be in a gambling mindset nor in a state of desperation when we entered into the loan.. neither of which are good places to be when it comes to bitcoin and/or to loans, so part or our own bitcoin and our cashflow management systems should be set up in ways to avoid and/or minimize the possibility of our getting into either a gambling and/or desperate mindset.

While you’re waiting for the perfect time, others are already stacking, learning, and positioning themselves for the future. Every day you delay is an opportunity slipping through your fingers.

That's correct. In addition waiting is the confidence killer, the more you wait without taking action, the less likely for you to actually take any action because the wait time builds fear and doubt in a person and the more you wait without being practical, the more you continue to doubt what you previously believed in and get scared of actually investing. It is worse if you are targeting a specific price dip for an entry point, the price may not come and even if it does you may still be waiting for it to dip more and the wait continues until you have lost an enormous amount of time waiting when you should have gotten practical with your investment and started out earlier, I would also mention that trying to grab a lot of knowledge about bitcoin before starting out is also detrimental because bitcoin is better understood within the market than outside it.

To overcome this waiting time problem when investing in bitcoin, it's important that one should have some understanding of technical analysis. Once you have marked the important support and resistance on your chart, then you can set your limit orders on the support so your order get trigger when it reaches the support.

Also if you don't want to miss out on any support in case the price jumps from the current market price, then you can also buy some at the current prices and keep buying on the support and in this way, you will have a good average entry. Since no one can catch the support and resistance, this method is the most effective one and I always use this for my own investments.

You are full of shit, virasog.

There is absolutely no need for technical analysis skills in order to get started in bitcoin. The way to get started in bitcoin is by getting started and there are hardly any requirements to getting started outside of common sense and abilities to learn, which an overwhelming majority of people have, even though they may well need to learn things in order to adapt and adopt bitcoin into their lives.  They don't need to know shit about technical analysis except perhaps spending about 30 seconds looking at a chart and seeing that number tends to go up.. even though it may or may not continue to go up.. they don't need to get overly preoccupied about BTC prices, and they can adjust their starting out amount to account for how much they might be lacking in various kinds of knowledge about bitcoin and about various other matters (perhaps everything) that can be related to bitcoin and/or affecting bitcoin prices now and into the future. 

One thing with common sense is that a person should be able to figure out that if he hardly knows shit about something (such as bitcoin) then he may well need to adjust his starting out amount to be a small amount, yet the mere fact that he hardly knows shit does not justify not getting started, it mostly just justifies starting out with a small position size and getting motivated to learn more rather than ignoring something so paradigm shifting and likely influential in the world as bitcoin has been, is and likely will continue to be.

You can start with some small amount and of course, it is important to learn about your own cashflow management, but you can do that as you go.  You can also learn more about bitcoin as you go, as seemed tohave had been suggested by DubemIfedigbo001.  Surely people come to bitcoin with differing levels of knowledge, understanding and/or abilities to learn, so people should hopefully already possess bare minimum levels of common sense to assess their limitations so they can figure out whether they can start out by investing $100 or maybe they might have to start with a lower amount while they are getting their bearings, mostly in regards to their own cashflow matters, which is the most important thing to first figure out.. do they have discretionary income or not...

If they make mistakes on whether they have discretionary income and/or how much discretionary income that they have, then that is likely going to be the BIGGEST contributory source of their problems rather than whether the BTC price might go up, down or sideways in the coming hours, days, weeks, months or even years.. .and they also should be inclined to considering that they are investing 4-10 years or longer, even though they do not need to necessarily commit to investing into bitcoin for 4-10 years or longer in order to get started and to get their bearings about the thing they are investing into (namely bitcoin, themselves and the strengthening of their cashflow management systems/practices).

Surely, most folks likely want self improvement, even though there likely are divergent opinions in regards to how to achieve self-improvement, so we cannot blame people for having divergent opinions and surely it may well take many normies a decently long time to come around to recognizing that the accumulation and holding of bitcoin is likely a path to their self-improvement, even if in the beginning times of their getting involved in bitcoin and identifying bitcoin as a possible course of action, they might not be clear in regards to how they can get bitcoin to help them to help themselves.. .and each person is individually responsible for helping himself including taking responsibility for if he chooses correctly or screws things up, including when to get started with bitcoin and how to proceed with his involvement in bitcoin and maintaining and/or strengthening his cashflow management systems and practices.

[Mehmet69]

it is natural to feel restless when you obtain a loan, the loan itself is enough reason for one to feel that way but it's better to focus on the brighter side especially if the proceeds of the loan obtained has been put into judicious use e.g, invested into something that could yield a very good profits, this was what nations like Brazil did, they secured an IMF loan and started investing in critical areas of their economy like manufacturing and in a very short while, Brazil became one of the biggest industrial hub in south America, their export grew, as well as their GDP, if a loan is obtained for the purpose of investment then it is a step in the right direction because there is medium through the loan can be redeemed.

If you want to invest in Bitcoin personally, I think it is better to avoid loan. There are thousands of options for investment, but we are thinking about personal investment in Bitcoin here. We are saving for our future. It is better to save in small amounts but for a long time without taking loans. If we can manage our financial flow properly, it is very easy to find prudent income for investment. It is better to invest in the DCA method using prudent income. If you invest regularly without thinking about the market, it is possible to get good returns in the long term.

But, if you invest in debt after seeing the market decline, it is not easy to manage it in the long term. If you invest in debt, it becomes difficult to handle the sudden financial crisis. At such a time, many people sell their investments under pressure and suffer losses.

So, I think it is better not to invest in Bitcoin by borrowing.

[Ricardo11]

Selling some part of the holding does not seem like a bad idea to me. Because when a person gains double or more than his holding, he can withdraw some amount of the profit and enjoy it. But if a person sells his entire holding before the end of the period, then it will never be the right decision, then he will become a business from an investor

Selling some parts of bitcoin hodling wouldn't seems bad if that investor has held his bitcoin for long or has already arrived at their accumulation stage and there is nothing wrong taking a profit, but for some one who is still at their accumulation process shouldn't think of selling rather focus on how to be buying more bitcoin and hodl until you have arrived to your accumulation stage then you can take some profit by selling small part of your bitcoin holding and still be hodling.

Yes, for those whose holding goals have been met, it is not wrong to take partial profits, but realizing profits does not mean giving up the entire holding, their investing or holding goals have been met, but if they have the ability and the mental preparation to hold on for some more time, then they can increase their holding time if they want, I think there is nothing wrong with that, rather they will achieve greater success possibility in the future.
The longer Bitcoin can be held, the greater the chance of success, so instead of giving up the holding completely, you should try to hold it for as long as possible according to your ability, because the success of Bitcoin has only begun, and it will take on a much greater shape in the future.

[7juju]

Selling some part of the holding does not seem like a bad idea to me. Because when a person gains double or more than his holding, he can withdraw some amount of the profit and enjoy it. But if a person sells his entire holding before the end of the period, then it will never be the right decision, then he will become a business from an investor

What you are saying in nutshell is that an investors can sell part of their bitcoin at any point they see double of amount that was invested, even if it takes one week, one month or one year? In your eyes, it is only bad if they sell their entire holding? What is the assurance that you won't sell the remaining half when the price of the remaining portion you left doubles? You will sell and enjoy yourself and after the enjoyment you start investing again, is that not moving in circles without direction?

What happens to investing money you won't be needing for the next 4 years? Why don't you allocate money for your leisures when your salary comes, before allocating what is left as discretionary income. Is that not better than selling part of your bitcoin whenever the capital invested doubles for enjoyment? This your approach is wired and that's not how investors behaves.

[Merit.s]

Yes, for those whose holding goals have been met, it is not wrong to take partial profits, but realizing profits does not mean giving up the entire holding, their investing or holding goals have been met, but if they have the ability and the mental preparation to hold on for some more time, then they can increase their holding time if they want, I think there is nothing wrong with that, rather they will achieve greater success possibility in the future.
The longer Bitcoin can be held, the greater the chance of success, so instead of giving up the holding completely, you should try to hold it for as long as possible according to your ability, because the success of Bitcoin has only begun, and it will take on a much greater shape in the future.

When you have reached an over accumulation stage, you can take little profits using the sustainable withdrawal method to tap little profits from time to time and it wouldn't affect the compounding effect of your portfolio. It's not a wise thing to sell all your bitcoin holdings because you have reached your bitcoin target. There is nothing you will use the money to invest into that will generate the amount of profit that your bitcoin portfolio will give you if you keep on holding.

Some people will make the wrong decision and start selling to the point that they'll sell too many coins too soon. They will later regret their actions because they will start accumulating again and buy bitcoin more expensive than before.

[Bigjoe33]

You can also apply the DCA momentum too, it's slower but safer because you can invest a fixed amount monthly same as the loan payment in bitcoin incase things gets rough your sure of your financial flexibility.

I won't agreed with you that the DCA strategy is slower i believe it's should be one of the fastest way to accumulate bitcoin if you have money lump sum instead of also just waiting for dip to accumulate you can be accumulating weekly/monthly you will accumulate alot of bitcoin if you regularly this for 4-10 years, there are bitcoin accumulators that has big money as there discretionary income which they use to DCA either weekly/monthly so the DCA strategy can't be a slow method to accumulate bitcoin what then will you say for some one using the buy the dip strategy to accumulate bitcoin.

@ Female King, if the DCA strategy is the fastest way of accumulating Bitcoin as you claim, then investors would have no need of buying a lump sum or even buying the Dip since the DCA buys them enough Bitcoin in the very shortest time frame. I think you are wrong, and don't forget that many investors accumulate Bitcoin using the DCA strategy and also buy a lump sum, and/or buying the Dip if opportunity presents itself with the aim of INCREASING there Bitcoin assets faster than it would have grown if they only stick to the DCA strategy.

Also take note that the DCA strategy is built on and/or lays great emphasis on ''Lttle but consistent buying of Bitcoin and also Time'' this means that with the DCA, you can accumulate bitcoin in fragments, but for this little Bitcoin purchase to yield something tangible, it must stand the test of TIME, meaning you must Hodl for long. So the DCA may not be fast to accumulate you enough Bitcoin as you must have wished due to the fact that you don't have enough discretionary income, but as you consistently keep buying, over the years(TIME), it gradually grows into something great

Don't also forget that what an investor using the DCA strategy in accumulating Bitcoin would have accumulated in 6months of his investments journey, can be acquired by a very rich investor in just a month or so, depending on his level of discretionary or income..
So you see that the DCA strategy is not and/or may not be the fastest means of accumulation, but is built on the principle of Consistency and Time.

Fair enough, folks should look into their finances before taking loans in a way that it won't later affect their Bitcoin investments. Folks that have a way of repaying the loan should go ahead and take it to front load their Bitcoin accumulation while folks that don't have the ability to pay back should avoid taking loans because if they do, they will later fall back to to their Bitcoin investment,sell it to repay the loans. Bitcoin fluctuates and the market is unpredictable so therefore,Loans shouldn't be service with our Bitcoin investment but instead with another source of income.

Taking loan doesn't really mean that you must look into your financial status before you could apply for a loan, i have seen someone that has know income in his bank account but he applied for a loan and the loan was in such away that you will paying a particular amount yearly till complete his payment, so took the loan and invested the he borrowed by importing and exporting goods and services,

If you don't necessarily need to look into your finances or your financial status before taking a loan, then where would you look at or what should you be looking @ POPOLUV? Are saying that someone without an income or a plan of paying back a loan should just go ahead and take a loan for his business? Which bank, person or an organisation would even give you such loan without a collateral or that you present a tangible source of income that they can fall on if you fail to meet up with the agreed date?

When Qhunman said you should look into your finances before taking a loan, what he meant was that you must first ensure you a have means of repaying back the loan, not even from your investment but from other source so that you wouldn't face double panic of repayment of loan and at the same time thinking of the fall of Bitcoin in price. So it's wise to evaluate your source of income and your strength or ability to repay back such loan before going for a loan for your investment.