Buy Buy Buy or Sell Sell Sell?

[Kelward]

It is important to have a financial plan in investment. And we know that we should definitely invest with that money that is not essential for our lifestyle, that is, the money that will not affect our daily life if lost. There are many people who invest but they do not leave any money for emergency expenses and invest the money for basic needs, due to which a financial crisis may arise and they may not get money even in an emergency. In such a situation, they may be forced to sell. Bitcoin has the potential to increase in value in the long term, so it is important to maintain a long-term mindset in investment, many people lose patience. Finally, it is safe to move forward with patience by keeping a long-term mindset regularly through proper financial management.

We need an emergency fund with discretionary income to invest.

We will face problems at some point even if we invest using money that we can afford to lose. The amount of money that we can afford to lose should not be used for investment in its entirety. The remaining amount after deducting all expenses from our cash flow is called discretionary income. We should keep some amount of that money aside in an emergency fund. If we ever face any financial crisis, we can get out of that fund. But if we do not have an emergency fund, we will have to sell our investments. So in your words, it is important to take out an emergency fund from that money and invest it for the long term, rather than using money that we can afford to lose.

You're getting it wrong, if you understand financial management you cannot use your emergency funds to invest in Bitcoin, it doesn't make any sense, emergency funds should be for emergency purposes only which Bitcoin is not. To be qualified to enter into Bitcoin investment you need to make sure that firstly your income covers your essential needs like food and rent. You need to have discretionary funds where none essential or basic expenses falls into, it is from there that you can remove funds for unplanned or emergency occurrences like accidents. It is also from your discretionary funds that you will remove money for your DCA accumulation and other short term financial plans like giving your family that deserved treat.

[SmartCharpa]

Some people think that monitoring the market is done by traders, Real investors do monitor the market too but he is not doing that with the mindset to buy bitcoin when the price is low, he is always buying with the DCA strategy why they do cheek those market trend at times is to know when they can buy more bitcoin, some times they want to accumulate more bitcoin at a lower rate when bitcoin is dip so monitoring the market isn't bad as some persons may think, i think when it's bad is timing it to only buy when the market has drop than the one can be seen as gambling and it isn't good.

Monitoring the market is not bad but many times it is seen that when an investor is monitoring the market, he may fail to maintain his holdings sometimes. Because he may panic while monitoring the market. Since the Bitcoin market is volatile. If an investor adopts the principle of long-term investment and follows DCA, I think it is not necessary for him to monitor the market. The price of Bitcoin will never be bullish or bearish, but if he holds it for a long time, the investor will definitely benefit.

Monitoring the market doesn’t add or decrease anything to us investing in bitcoin, which is why I think monitoring the Bitcoin market price is really not important, which is why we should always be more focused in buying bitcoin, someone who wants to invest in bitcoin maybe a newbie or a beginner I think the most ideal thing is to get started instead of watching the market price.

With the nature of bitcoin, I guess some folks would be feeling like they can be Mr know it all, and they will feel they can be ahead of themselves, which I think it’s never necessary when investing in bitcoin, I wouldn’t believe someone coming to me and telling me that they can predict the price of bitcoin in next week or next month, I would say that is absolutely fallacy.

The main goal of investing in Bitcoin is for the future, not to make a quick profit, so why would an investor monitor the market when they understand that the goal of this investment is to grow and we don't have to worry about the market all the time? Monitoring the market price will cause those who lack patience to sell the Bitcoin they hold since they will not be able to endure the market that always changes. So it's better to be focused on accumulating instead of the price.

Sure, we should never believe anyone who claims to have call signals when the market price will dip or rise, those people are traders looking for a quick profit, not long term investors. The most important thing is to invest only what you can afford to lose, as Bitcoin also involves risk because no one knows what will happen in the future.

[bitcoin_mining]

You are monthly worker you are been paid $200 monthly , and your monthly expenses is $150 leaving you with $50 . Simple the $200 is your main funds and the $150 is your monthly expenditure making the remaining $50 your discretionary amount, the best thing to do is to share it , you can invest $25 and keep $25 as emergency funds or some folk can decide to make their investment funds quite higher than their emergency funds like $30 $20 is all about priority and proper planning.

I mean we have to take investment seriously. Here I have used $200 only as an example. If a person has an investment plan, then even if his income is relatively low, he can succeed by investing consistently. Many people do not consider their investments important, but they have investments in such a way that if there is money, they will invest, that is, they do not have to make any extra effort to invest. You have made a good plan with $50 and I will agree with this plan. With the remaining money, half of the investment can be continued continuously and the other half can be kept as an emergency fund. An emergency fund will protect the investor from financial crises later, so that even if financial problems arise, the investor's investment will not be adversely affected.

[Tmoonz]

A real investors has no business in monitoring the market thread, all he's after is how far he can accumulate as much as he can to his portfolio.

Some people think that monitoring the market is done by traders, Real investors do monitor the market too but he is not doing that with the mindset to buy bitcoin when the price is low, he is always buying with the DCA strategy why they do cheek those market trend at times is to know when they can buy more bitcoin, some times they want to accumulate more bitcoin at a lower rate when bitcoin is dip so monitoring the market isn't bad as some persons may think, i think when it's bad is timing it to only buy when the market has drop than the one can be seen as gambling and it isn't good.

As a matter of fact, someone who is monitoring the Bitcoin market surely wants to buy the dip and that is not a good idea for a serious investor. A serious investor has no time to wait for the Bitcoin price to drop before buying, but rather uses the best strategy, which is the DCA  method buying regularly every week or month. This allows the investor to buy Bitcoin at different price levels.

So, when someone is using the DCA method to accumulate Bitcoin, their focus should always be on buying consistently, either weekly or monthly, rather than checking the market to decide when to buy again. It is only traders who constantly check the market, waiting for the perfect time to buy and sell within a short period  not realizing that there is no perfect time to buy or sell in the short term, unless someone is just lucky. That is why trading is really risky.

Monitoring the chart is very stressful of which Many people who take the pain of reading the chart are mostly bitcoin traders who toil with bitcoin for a quick profit. This is why as a beginner who intends to HODL bitcoin for long, you have to first kill that zeal to watch the chart always as this has some ways of changing your bitcoin agenda. It is better to set a good less stressful DCA approach and follow it. This will help you to make the most out of every potentials of bitcoin. An investor can loose his patience and sell at short-term if he continues watching the charts because of volatility.

There has been periods when some investors never knew about a particular dip until it returned back up and this is the good thing about focusing on accumulation than watching the charts.

Let's get some clarity here in as much as I understood the part you are driving to, there can be other underlaying factors that would lead to getting that negative energy of losing up to getting carried away with lost of patience and selling at short term while watching the chart over a downturn which may not necessarily be as a result of them watching the chart, personally I don't see anything wrong watching the chart infact it is not a crime as an investor to do that and get informed first hand of the market happening if the motive is not to either sell or buy with any form pressure from the market, if I have the free time enough to watch the chart I will gladly do it for fun and nothing more and I will always make my purchases whenever my investment funds is ready. Some times most people don't really know who they are and what they are really in for ( trader or investor) that's why they can easily be moved around.

[Showlove01]

It is important to have a financial plan in investment. And we know that we should definitely invest with that money that is not essential for our lifestyle, that is, the money that will not affect our daily life if lost. There are many people who invest but they do not leave any money for emergency expenses and invest the money for basic needs, due to which a financial crisis may arise and they may not get money even in an emergency. In such a situation, they may be forced to sell. Bitcoin has the potential to increase in value in the long term, so it is important to maintain a long-term mindset in investment, many people lose patience. Finally, it is safe to move forward with patience by keeping a long-term mindset regularly through proper financial management.

We need an emergency fund with discretionary income to invest.

We will face problems at some point even if we invest using money that we can afford to lose. The amount of money that we can afford to lose should not be used for investment in its entirety. The remaining amount after deducting all expenses from our cash flow is called discretionary income. We should keep some amount of that money aside in an emergency fund. If we ever face any financial crisis, we can get out of that fund. But if we do not have an emergency fund, we will have to sell our investments. So in your words, it is important to take out an emergency fund from that money and invest it for the long term, rather than using money that we can afford to lose.

You're getting it wrong, if you understand financial management you cannot use your emergency funds to invest in Bitcoin, it doesn't make any sense, emergency funds should be for emergency purposes only which Bitcoin is not. To be qualified to enter into Bitcoin investment you need to make sure that firstly your income covers your essential needs like food and rent. You need to have discretionary funds where none essential or basic expenses falls into, it is from there that you can remove funds for unplanned or emergency occurrences like accidents. It is also from your discretionary funds that you will remove money for your DCA accumulation and other short term financial plans like giving your family that deserved treat.

You are right, financial management is what gives us the idea to be able to split our funds into various division or segment to which they are suppose to be and then after doing this if there is a left over, that leftovers becomes your discretionary income and it is inside this discretionary income we will take out some cent for our emergency funds then the remaining one are for our Bitcoin accumulation either for DCA or lump sum. And this is how it is meant to be but anyone who uses the emergency funds to accumulate Bitcoin doesn't know what he is doing and sometimes what makes some people do this is greed, maybe to invest more than their friends ( people that take Bitcoin investment as a competition).

[ruykeri]

As a matter of fact, someone who is monitoring the Bitcoin market surely wants to buy the dip and that is not a good idea for a serious investor. A serious investor has no time to wait for the Bitcoin price to drop before buying, but rather uses the best strategy, which is the DCA  method buying regularly every week or month. This allows the investor to buy Bitcoin at different price levels.

So, when someone is using the DCA method to accumulate Bitcoin, their focus should always be on buying consistently, either weekly or monthly, rather than checking the market to decide when to buy again. It is only traders who constantly check the market, waiting for the perfect time to buy and sell within a short period  not realizing that there is no perfect time to buy or sell in the short term, unless someone is just lucky. That is why trading is really risky.

You have made some important points, but I have a different opinion on some things, such as only monitoring the market or frequently on the price of Bitcoin, which does not mean that it will become a trading mentality. For those who patiently start investing in Bitcoin with a long-term plan, such minor behavioral and temperamental issues do not have much impact. The investor analyzes the market and tries to understand what his position is . However, if someone feels that if he sees the Bitcoin market frequently, he may panic or sell his holdings without controlling his emotions. In that case, it is better not to appear in the Bitcoin market too often. 

[Cgrexp]

You are right, financial management is what gives us the idea to be able to split our funds into various division or segment to which they are suppose to be and then after doing this if there is a left over, that leftovers becomes your discretionary income and it is inside this discretionary income we will take out some cent for our emergency funds then the remaining one are for our Bitcoin accumulation either for DCA or lump sum. And this is how it is meant to be but anyone who uses the emergency funds to accumulate Bitcoin doesn't know what he is doing and sometimes what makes some people do this is greed, maybe to invest more than their friends ( people that take Bitcoin investment as a competition).

Investments must be within the income under consideration. Because if this limit is not followed, the investment may have to be broken to meet daily expenses in the future, which can cause long-term losses. In reality, most people do not have any other source of investment except a fixed income. Therefore, the DCA strategy is a relatively safe and realistic way for them. It gives them the opportunity to invest in Bitcoin regularly. According to their income, on a weekly or monthly basis, so that financial stability is maintained. The definition of the word lump sum or lump sum is not the same for everyone. If a person receives any extra money, a bonus or unexpected income, then it may seem like a lump sum to him. Someone can get such money even if they are not rich. And the main question here is how to use that money. If someone wants, they can use that money to buy Bitcoin immediately, while someone can use it gradually by buying it in the market deep with the DCA strategy. The decision in investment does not depend on the amount of money, but on the user's mentality, risk-taking ability and financial situation. Therefore, whether it is a one-time investment or DCA, it is important to be responsible and within limits.

[Barrykbest]

As a matter of fact, someone who is monitoring the Bitcoin market surely wants to buy the dip and that is not a good idea for a serious investor. A serious investor has no time to wait for the Bitcoin price to drop before buying, but rather uses the best strategy, which is the DCA  method buying regularly every week or month. This allows the investor to buy Bitcoin at different price levels.

So, when someone is using the DCA method to accumulate Bitcoin, their focus should always be on buying consistently, either weekly or monthly, rather than checking the market to decide when to buy again. It is only traders who constantly check the market, waiting for the perfect time to buy and sell within a short period  not realizing that there is no perfect time to buy or sell in the short term, unless someone is just lucky. That is why trading is really risky.

You have made some important points, but I have a different opinion on some things, such as only monitoring the market or frequently on the price of Bitcoin, which does not mean that it will become a trading mentality. For those who patiently start investing in Bitcoin with a long-term plan, such minor behavioral and temperamental issues do not have much impact. The investor analyzes the market and tries to understand what his position is . However, if someone feels that if he sees the Bitcoin market frequently, he may panic or sell his holdings without controlling his emotions. In that case, it is better not to appear in the Bitcoin market too often. 

I grab your angle bro, checking the market sometimes is fine, especially when you already have a plan. But for many new investors, watching the chart too often can easily lead to panic or emotional decisions that’s why the DCA method is still the best approach for long-term investors. Once your funds are ready, buy at your set time and focus on consistency. It’s better to stay calm and follow your plan than to overthink every price move.

[Silikiem]

Some people think that monitoring the market is done by traders, Real investors do monitor the market too but he is not doing that with the mindset to buy bitcoin when the price is low, he is always buying with the DCA strategy why they do cheek those market trend at times is to know when they can buy more bitcoin, some times they want to accumulate more bitcoin at a lower rate when bitcoin is dip so monitoring the market isn't bad as some persons may think, i think when it's bad is timing it to only buy when the market has drop than the one can be seen as gambling and it isn't good.

Monitoring the market is not bad but many times it is seen that when an investor is monitoring the market, he may fail to maintain his holdings sometimes. Because he may panic while monitoring the market. Since the Bitcoin market is volatile. If an investor adopts the principle of long-term investment and follows DCA, I think it is not necessary for him to monitor the market. The price of Bitcoin will never be bullish or bearish, but if he holds it for a long time, the investor will definitely benefit.

Monitoring the market doesn’t add or decrease anything to us investing in bitcoin, which is why I think monitoring the Bitcoin market price is really not important, which is why we should always be more focused in buying bitcoin, someone who wants to invest in bitcoin maybe a newbie or a beginner I think the most ideal thing is to get started instead of watching the market price.

With the nature of bitcoin, I guess some folks would be feeling like they can be Mr know it all, and they will feel they can be ahead of themselves, which I think it’s never necessary when investing in bitcoin, I wouldn’t believe someone coming to me and telling me that they can predict the price of bitcoin in next week or next month, I would say that is absolutely fallacy.

The main goal of investing in Bitcoin is for the future, not to make a quick profit, so why would an investor monitor the market when they understand that the goal of this investment is to grow and we don't have to worry about the market all the time? Monitoring the market price will cause those who lack patience to sell the Bitcoin they hold since they will not be able to endure the market that always changes. So it's better to be focused on accumulating instead of the price.

Sure, we should never believe anyone who claims to have call signals when the market price will dip or rise, those people are traders looking for a quick profit, not long term investors. The most important thing is to invest only what you can afford to lose, as Bitcoin also involves risk because no one knows what will happen in the future.

I think the major problem here is that most persons are yet to really understand that bitcoin investment is a long term investment and at such it should be treated as such, If people should see bitcoin as a long term investment goal, then I believe that most of this problem will be over. Bitcoin investment isn’t a get rich quick scheme, anyone who’s venturing in it should invest with a long term goal of consistently accumulating bitcoin and hold for the long term purpose.

[Barrykbest]

Taking 5 percent from your Bitcoin investment is not really trading and I don't know what to call that but it is not a good way to accumulate Bitcoin because it is going to delay one's target or goal because if someone set a target to accomplish and then they are indulging themselves in this act of taking 5 percent from their portfolio it will really affect them unless as they are taking 5 percent they are accumulating X of that 5 percent and maybe in this way it won't be an issue to them but ordinarily we are suppose to touch our investment when we have reach overaccumulation stage.

I cannot agree with you. No matter how much profit you make during Bitcoin accumulation, selling is never a good sign. Even if it is a small percentage, it can become a regular habit. Whether you sell 5% or 1%, you will lose all the opportunity to take out of the hold. In the case of investing in Bitcoin for a long time, it is very important to hold steadily and not sell Bitcoin under any circumstances. Let me explain with an example that if the price of Bitcoin continues to increase by 50% every year, then each time the new profit will be added to the old profit. But if you sell something and that will remain your loss.

And if someone gains in the short term, it means that he loses in the long term.. In the short term, if someone takes 5% profit from holding, but if the price is higher in next week, then he has lost comparatively and along with that, he has lost the consistency of investment.  Therefore, it is much more important to create a holding mentality, rather than making big losses by taking small profits like this. Be a strong holders and not try to sell bitcoin at investment time.

You said that even taking a small percentage from your Bitcoin holding is a bad sign because it can become a habit and that’s true in many cases. Once people start taking small profits, they often keep doing it and miss out on long-term growth, but there’s another side to it. Some investors use the 5% rule not for spending, but for rebalancing or building emergency funds so they don’t have to sell their main holdings in tough times. It’s not always a weak move if it’s part of a solid plan.
The main thing is to be consistent with DCA and clear reasons why they are taking the profits and not for some emotional reasons.

[ASloveapg]

It is important to have a financial plan in investment. And we know that we should definitely invest with that money that is not essential for our lifestyle, that is, the money that will not affect our daily life if lost. There are many people who invest but they do not leave any money for emergency expenses and invest the money for basic needs, due to which a financial crisis may arise and they may not get money even in an emergency. In such a situation, they may be forced to sell. Bitcoin has the potential to increase in value in the long term, so it is important to maintain a long-term mindset in investment, many people lose patience. Finally, it is safe to move forward with patience by keeping a long-term mindset regularly through proper financial management.

We need an emergency fund with discretionary income to invest.

We will face problems at some point even if we invest using money that we can afford to lose. The amount of money that we can afford to lose should not be used for investment in its entirety. The remaining amount after deducting all expenses from our cash flow is called discretionary income. We should keep some amount of that money aside in an emergency fund. If we ever face any financial crisis, we can get out of that fund. But if we do not have an emergency fund, we will have to sell our investments. So in your words, it is important to take out an emergency fund from that money and invest it for the long term, rather than using money that we can afford to lose.

You're getting it wrong, if you understand financial management you cannot use your emergency funds to invest in Bitcoin, it doesn't make any sense, emergency funds should be for emergency purposes only which Bitcoin is not. To be qualified to enter into Bitcoin investment you need to make sure that firstly your income covers your essential needs like food and rent. You need to have discretionary funds where none essential or basic expenses falls into, it is from there that you can remove funds for unplanned or emergency occurrences like accidents. It is also from your discretionary funds that you will remove money for your DCA accumulation and other short term financial plans like giving your family that deserved treat.

I agree with you, we should not use the emergency fund for investment purposes in any way, it should be kept only in cash, in emergencies, sudden medical bills, urgent home repairs, such times you need cash quickly, getting that cash by selling shares or investments takes time and if the market is down, you may be forced to sell it at a loss. That is why especially emergency savings, it is best to keep it in cash, not in any investment, because it is a reserved money to deal with emergencies, you should not try to invest using it.

[Cossyblack]

You have made some important points, but I have a different opinion on some things, such as only monitoring the market or frequently on the price of Bitcoin, which does not mean that it will become a trading mentality. For those who patiently start investing in Bitcoin with a long-term plan, such minor behavioral and temperamental issues do not have much impact. The investor analyzes the market and tries to understand what his position is . However, if someone feels that if he sees the Bitcoin market frequently, he may panic or sell his holdings without controlling his emotions. In that case, it is better not to appear in the Bitcoin market too often. 

Your points are validated, but what's the point of analyzing the market,are you trader. As an investor that's accumulating Bitcoin through the DCA Strategy, visiting the market too often is a normal behavior. DCA don't just allows you to buy Bitcoin at regular intervals regardless of market volatility but it also increases your visibility in the Bitcoin market as you be engaging the market with frequent buying but analyze your position in the market is a trader mentality. Investors do not need to analyze the Market to buy Bitcoin but rather, investors buys Bitcoin when their discretional income is available. It is traders that do more of analyzing the market before buying Bitcoin in other to buy low and sell high for cheap profits.

[ejikeme24]

You said that even taking a small percentage from your Bitcoin holding is a bad sign because it can become a habit and that’s true in many cases. Once people start taking small profits, they often keep doing it and miss out on long-term growth, but there’s another side to it. Some investors use the 5% rule not for spending, but for rebalancing or building emergency funds so they don’t have to sell their main holdings in tough times. It’s not always a weak move if it’s part of a solid plan.
The main thing is to be consistent with DCA and clear reasons why they are taking the profits and not for some emotional reasons.

Taking a profit when you have not reach your investment goal is not a good idea, apart from being a habit it can also delay your investment journey maybe if your planning to invest for like 6-7 years with these method of selling when you're in profit you May likely add more years before you can be able to achieve your investment target, so to avoid delay in our investment we need to focus on achieving our investment target as this is supposed to be the first thing we are supposed to have in mind rather than chasing after one profit and the other.

[Barikui1]

Taking a profit when you have not reach your investment goal is not a good idea, apart from being a habit it can also delay your investment journey maybe if your planning to invest for like 6-7 years with these method of selling when you're in profit you May likely add more years before you can be able to achieve your investment target, so to avoid delay in our investment we need to focus on achieving our investment target as this is supposed to be the first thing we are supposed to have in mind rather than chasing after one profit and the other.

True, all you said here are true and I also share the same sentiment about it. Taking profit while accumulating Bitcoin is a very wrong way to invest and build a good stash of Bitcoin because it not just reduce your Bitcoin stash, it also makes you sell blindly and prematurely for minimal gains that will have no significant impact on your finances, while if you can buy and accumulate, and you were able to build a very good stash of Bitcoin or possibly get to that over accumulation status, the possibilities of you building a generational wealth with it is very high in the future, unlike someone that trades his Bitcoin for minimal gains.

Finally, selling part or all of your Bitcoin holdings is a very wrong way to grow your investment because it's only when you have a huge stash of Bitcoin, that you can be assured of something significant, or something huge in the future when Bitcoin has gone to a million dollar or more.

[PhilosopherKing]

[

I think the major problem here is that most persons are yet to really understand that bitcoin investment is a long term investment and at such it should be treated as such, If people should see bitcoin as a long term investment goal, then I believe that most of this problem will be over. Bitcoin investment isn’t a get rich quick scheme, anyone who’s venturing in it should invest with a long term goal of consistently accumulating bitcoin and hold for the long term purpose.

This who keep fucking around with the idea of Bitcoin being a get rich quick scheme will definitely end up in a big shit+, this because whenever the market price drop they will always panic and sell off and when there is a rebound it the market they will start regretting. That is why  those investting in Bitcoin should always be prepared too be patient to hold through the long term usually 4 years and upward before they can be profitable in it.

[JayJuanGee]

The consequences of taking risks or making irrational decisions are always your own. Financial preparation and backup funds are important when it comes to Bitcoin investing. Many ordinary people start investing in Bitcoin when they already have some backup funds, such as two to four weeks' worth. But those who have no backup funds at all should first create a minimum financial security because investing in Bitcoin is not reasonable without discretionary income. If a person starts with a backup fund of two to four weeks, they can gradually increase both their Bitcoin stack and backup funds together. It may be a reasonable approach to initially keep half of their Bitcoin and half in the backup fund, but this needs to be adjusted according to everyone's situation. Therefore, before starting Bitcoin, it is important to acquire a financial foundation, backup funds, and common sense so that it is possible to continue investing in the long term.

Conceptually, it's true, but whether we've missed it or not is a personal choice. Did you know that the most boring job is simply watching the market move without Our presence, and that's is quite make we so boring too.

The current hot topic is the unlimited amount of money in the Federal Reserve and the market will explode in 2026. Are we resilient enough not to sell our assets at a temporary peak? Because the market is always rational.

Let's not be idle when that moment comes.

A lot of people fuck up their whole bitcoin investment because they are bored and they want action and they cannot resist moving around value when they would have had been way better off to stay focused and to just keep accumulating bitcoin, whether they perceive the price as high, low or otherwise.

Maybe you, martinex, think that you have it all figured out, and surely you have been registered on the forum for nearly as long as me, but you don't have a post history, and you seem to also have a lot of distractions with shitcoins that may or may not have had worked out very well for you.

Think about it martinex.  If you had merely put $50 per week into bitcoin since your forum registration date (of March 22, 2014), you would have had invested just under $30k into bitcoin in the past 11-ish years, and right now you would have more than 22 BTC.   

I doubt that fucking around with trading (or trying to time bitcoin rises and falls in price during that time) could have gotten you much better results than that or that it would have had been worth it to be fucking around trying to figure out the ups and downs in bitcoin. If you were fucking around trading during that time, you probably invested way more value and you have way less bitcoin.  Sure, you might have had gotten lucky and beat such buy and hold results, but why take chances screwing around with an otherwise good investment (namely bitcoin) merely because you are greedy and think that you are smarter than everyone else?

In other words, why be greedy when bitcoin has been and likely will continue to be amongst the best (if not the best) of investments available to everyone and anyone who happens to have some discretionary income?

People seem to tell themselves that too much time is already being lost whenever they are holding bitcoin, I don't fully understand this since it's obvious that bitcoin investment is only possible to those who are actually willing to hold, looking back at the last 15 years we've all seen how far bitcoin has come, push it forward 5 years and anyone who started accumulating bitcoin 10 years ago would also already be seating on alot of good profit, the problem here now is that 10 years seems to be too long for most to wait out, I wasn't accumulating bitcoin 10 years ago but with how fast the last 10 years have moved for me and how recently it's events still feel makes we believe that I would have actually been holding it I had been accumulating bitcoin since then, of course right now I'm just speculating but the near future will prove whether or not I can actually hold for 10 but I believe that I will be able to hold for that long or even longer, getting bored over market movement is not realistic enough for me, it's not like I'm going to be checking every 1 hour change in price, even 1 day seems like alot of work, if you are too eager to know where the price is and you are DCAing then check it whenever you buy, this way you can get good opportunities to buy the DIP if you have the money to do so in reserve and a DIP happens during that time, calling it boring isn't something I would do.

Of course, there are going to be guys who are already thinking that their investment timeline is anywhere from 10 years to 30 years, and so maybe they think if everything goes really well, then best case scenario they might start to live off their bitcoin or to have their bitcoin supplement their expenses after 10 years, but they think it could take much longer and more realistically 15 years or more...  So this kind of a guy might already be coming to bitcoin with a correct kind of a mindset.

Surely, if he is just getting started, then his position is different from someone who has 2 years investing or someone with 5 years investing or even someone with 8 years investing.  He can monitor his progress along the way, yet it seems to me that even a guy who had merely spent the last 5 years investing in bitcoin is likely to have had seen decently good progress, especially if he had figured out some fairly aggressive bitcoin investing path... and if he did not end up screwing up too much.

You can measure a hypothetical guys progress to see how he would have had faired, and sure, even though you cannot measure future performance from past results, there still can be quite a bit of value in both projecting back and projecting forward and even plugging in various scenarios related to your own possibilities within your various projections that relate to different kinds of possible outcomes related to both your abilities to invest but also various things that the market might do.. with base case scenarios and best case scenarios and worse case scenarios.  All kinds of stuff can be done, especially if a guy is able to use some kind of a spreadsheet program like Excel.

Even in bitcoin, it can take way more than a whole cycle to start to see results, even if a guy might have had been able to lump sum and/or front load his investment into bitcoin.

[ZeroVinsonN]

The consequences of taking risks or making irrational decisions are always your own. Financial preparation and backup funds are important when it comes to Bitcoin investing. Many ordinary people start investing in Bitcoin when they already have some backup funds, such as two to four weeks' worth. But those who have no backup funds at all should first create a minimum financial security because investing in Bitcoin is not reasonable without discretionary income. If a person starts with a backup fund of two to four weeks, they can gradually increase both their Bitcoin stack and backup funds together. It may be a reasonable approach to initially keep half of their Bitcoin and half in the backup fund, but this needs to be adjusted according to everyone's situation. Therefore, before starting Bitcoin, it is important to acquire a financial foundation, backup funds, and common sense so that it is possible to continue investing in the long term.

Conceptually, it's true, but whether we've missed it or not is a personal choice. Did you know that the most boring job is simply watching the market move without Our presence, and that's is quite make we so boring too.

The current hot topic is the unlimited amount of money in the Federal Reserve and the market will explode in 2026. Are we resilient enough not to sell our assets at a temporary peak? Because the market is always rational.

Let's not be idle when that moment comes.

A lot of people fuck up their whole bitcoin investment because they are bored and they want action and they cannot resist moving around value when they would have had been way better off to stay focused and to just keep accumulating bitcoin, whether they perceive the price as high, low or otherwise.

Maybe you, martinex, think that you have it all figured out, and surely you have been registered on the forum for nearly as long as me, but you don't have a post history, and you seem to also have a lot of distractions with shitcoins that may or may not have had worked out very well for you.

Think about it martinex.  If you had merely put $50 per week into bitcoin since your forum registration date (of March 22, 2014), you would have had invested just under $30k into bitcoin in the past 11-ish years, and right now you would have more than 22 BTC.   

I doubt that fucking around with trading (or trying to time bitcoin rises and falls in price during that time) could have gotten you much better results than that or that it would have had been worth it to be fucking around trying to figure out the ups and downs in bitcoin. If you were fucking around trading during that time, you probably invested way more value and you have way less bitcoin.  Sure, you might have had gotten lucky and beat such buy and hold results, but why take chances screwing around with an otherwise good investment (namely bitcoin) merely because you are greedy and think that you are smarter than everyone else?

In other words, why be greedy when bitcoin has been and likely will continue to be amongst the best (if not the best) of investments available to everyone and anyone who happens to have some discretionary income?

People seem to tell themselves that too much time is already being lost whenever they are holding bitcoin, I don't fully understand this since it's obvious that bitcoin investment is only possible to those who are actually willing to hold, looking back at the last 15 years we've all seen how far bitcoin has come, push it forward 5 years and anyone who started accumulating bitcoin 10 years ago would also already be seating on alot of good profit, the problem here now is that 10 years seems to be too long for most to wait out, I wasn't accumulating bitcoin 10 years ago but with how fast the last 10 years have moved for me and how recently it's events still feel makes we believe that I would have actually been holding it I had been accumulating bitcoin since then, of course right now I'm just speculating but the near future will prove whether or not I can actually hold for 10 but I believe that I will be able to hold for that long or even longer, getting bored over market movement is not realistic enough for me, it's not like I'm going to be checking every 1 hour change in price, even 1 day seems like alot of work, if you are too eager to know where the price is and you are DCAing then check it whenever you buy, this way you can get good opportunities to buy the DIP if you have the money to do so in reserve and a DIP happens during that time, calling it boring isn't something I would do.

Of course, there are going to be guys who are already thinking that their investment timeline is anywhere from 10 years to 30 years, and so maybe they think if everything goes really well, then best case scenario they might start to live off their bitcoin or to have their bitcoin supplement their expenses after 10 years, but they think it could take much longer and more realistically 15 years or more...  So this kind of a guy might already be coming to bitcoin with a correct kind of a mindset.

Surely, if he is just getting started, then his position is different from someone who has 2 years investing or someone with 5 years investing or even someone with 8 years investing.  He can monitor his progress along the way, yet it seems to me that even a guy who had merely spent the last 5 years investing in bitcoin is likely to have had seen decently good progress, especially if he had figured out some fairly aggressive bitcoin investing path... and if he did not end up screwing up too much.

You can measure a hypothetical guys progress to see how he would have had faired, and sure, even though you cannot measure future performance from past results, there still can be quite a bit of value in both projecting back and projecting forward and even plugging in various scenarios related to your own possibilities within your various projections that relate to different kinds of possible outcomes related to both your abilities to invest but also various things that the market might do.. with base case scenarios and best case scenarios and worse case scenarios.  All kinds of stuff can be done, especially if a guy is able to use some kind of a spreadsheet program like Excel.

Even in bitcoin, it can take way more than a whole cycle to start to see results, even if a guy might have had been able to lump sum and/or front load his investment into bitcoin.

This is exactly why short term profits are unrealistic in bitcoin investment, regardless of how much investment you make in a short period of time as long as you have not been accumulating or accumulated for at least a cycle then the results will not be as obvious as you think they will be and it's not very smart to start taking profits then, instead they need to be able to wait it out, accumulate with DCA and lump sum and even buy the DIP when it happens like right now and if they are aggressive enough they can even see good proof of the profit after just a single cycle but if the plan is to make more profit then a single cycle will no be enough as it's not very easy to hit over accumulation in that time unless except you decide to lump sum everything at once and at a relatively very low price but I don't really think that being able to buy like that is very likely as that will be alot of Mon to part with at once even more difficult to get that amount of money as discretionary income in a short period of time and deciding to save it up is even worse, better to just keep accumulating than saving up to buy later.

[aylabadia05]

If some people are concerned about the price, they'll say it's too high to buy. We'll wait for the Bitcoin price to fall below $110,000. So, if the Bitcoin price is currently below $110,000, or more precisely, $104,500, do you still believe this is still high?

I want to say, if you want to buy for investment, it's not a good idea to delay because of the price. Delaying based on the high price is where the mistake lies, even though everyone has their own methods and strategies. The problem isn't trading, but long-term investing.

[iamsange]

If some people are concerned about the price, they'll say it's too high to buy. We'll wait for the Bitcoin price to fall below $110,000. So, if the Bitcoin price is currently below $110,000, or more precisely, $104,500, do you still believe this is still high?

I want to say, if you want to buy for investment, it's not a good idea to delay because of the price. Delaying based on the high price is where the mistake lies, even though everyone has their own methods and strategies. The problem isn't trading, but long-term investing.

People who often complain about the price are those who simply don't have the courage to buy at any price, even if Bitcoin's price has dropped like it has now. Believe it or not, you can conduct your own survey of people who often complain about the price when considering buying Bitcoin. They'll definitely say they're afraid to buy when the price has dropped, arguing that it might drop again after they buy it. Therefore, such people are simply not suited to buying Bitcoin because they're not yet mentally prepared and are still looking to get rich quick after buying Bitcoin.

[Solokan]

As a matter of fact, someone who is monitoring the Bitcoin market surely wants to buy the dip and that is not a good idea for a serious investor. A serious investor has no time to wait for the Bitcoin price to drop before buying, but rather uses the best strategy, which is the DCA  method buying regularly every week or month. This allows the investor to buy Bitcoin at different price levels.

So, when someone is using the DCA method to accumulate Bitcoin, their focus should always be on buying consistently, either weekly or monthly, rather than checking the market to decide when to buy again. It is only traders who constantly check the market, waiting for the perfect time to buy and sell within a short period  not realizing that there is no perfect time to buy or sell in the short term, unless someone is just lucky. That is why trading is really risky.

It is true that if we want to seriously invest in BTC for the long term, we certainly don't need to look at whether the price of BTC is falling or not, because investing in BTC for the long term certainly has great profit potential, unlike trading, which always waits for the price to fall first.  

However, if we use the DCA technique, we certainly don't need to look at whether the price of BTC is falling or not because the most important thing is that we consistently collect BTC. But of course, when using DCA, we will encounter different prices when making purchases because the price of BTC is always fluctuating. But of course, everyone has different techniques because buying BTC when the price is low is not wrong. What is wrong is when someone loses money investing in BTC by selling when the price is low and buying at a higher price. However, we must have emergency funds to make long-term BTC investments safer, and of course, we must be patient.