Buy Buy Buy or Sell Sell Sell?

[ruykeri]

You should know when to prioritise to buy the dip because if you are a no coiner, and you prioritise buying the dip, you will not be consistent in accumulating Bitcoin, and you will miss a lot of buy opportunities since you do not know when a dip will happen or take place. You should be more concerned to buy the dip when you are very close to your over accumulation stage because you no longer need to be consistent in accumulating Bitcoin to achieve your desired amount of Bitcoin. Emergency is not even enough reason for you to sell your Bitcoin because you are supposed to set up an emergency fund you will use to take care of any emergency that will occur in your Bitcoin accumulation process.

Thats right buying the dip is never a bad strategy but then investors should always know when to utilize such strategy. It is unwise for a beginner who has no Bitcoin holding, to begin thinking of waiting to buy the dip, honestly doing so is pure stupidity. Instead of waiting, that beginner should rather focus on stacking up bitcoin by using the DCA strategy, and then having a long term mindset of consistent stacking up and HODLing even in the face of market volatility. And in addition the amount used to invest in Bitcoin shouldnt be be made fixed, it should always be flexible, such that as you income increases so also should the amount that you should put into Bitcoin( your discretionary income).

It is good if you can buy Bitcoin in a dip, but after making some profit in the beginning, many people pay more attention to buying in a dip than the DCA method. Then many people make many mistakes in investment management. The first things  of the investor should be to continue to do DCA for a long time. If he has enough Bitcoin that has been created by following DCA and is continuous and all his backup funds are strong, then he can take the opportunity and invest aggressively while Bitcoin is in a dip. However, buying in a dip can never be made the main way of investing.

Discretionary income does not always increase when income increases. Many times, expenses also increase as income increases. And it is not right to invest aggressively in Bitcoin as income increases until the backup fund is strong. First, you have to build your own foundation, after which any kind of action can be taken by understanding the opportunity and understanding the status of your income. If you do anything wrong , you will find it difficult to protect your holdings.

[Solokan]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

[Finebone]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

[coinrifft]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

[Derekfunds]

You should know when to prioritise to buy the dip because if you are a no coiner, and you prioritise buying the dip, you will not be consistent in accumulating Bitcoin, and you will miss a lot of buy opportunities since you do not know when a dip will happen or take place. You should be more concerned to buy the dip when you are very close to your over accumulation stage because you no longer need to be consistent in accumulating Bitcoin to achieve your desired amount of Bitcoin. Emergency is not even enough reason for you to sell your Bitcoin because you are supposed to set up an emergency fund you will use to take care of any emergency that will occur in your Bitcoin accumulation process.

Thats right buying the dip is never a bad strategy but then investors should always know when to utilize such strategy. It is unwise for a beginner who has no Bitcoin holding, to begin thinking of waiting to buy the dip, honestly doing so is pure stupidity. Instead of waiting, that beginner should rather focus on stacking up bitcoin by using the DCA strategy, and then having a long term mindset of consistent stacking up and HODLing even in the face of market volatility. And in addition the amount used to invest in Bitcoin shouldnt be be made fixed, it should always be flexible, such that as you income increases so also should the amount that you should put into Bitcoin( your discretionary income).

definitely there is no one of the strategies that is not good for accumulating bitcoin . It is just for an investor to look out for the one that will work best for his or her financial situation. Sometimes it is majorly so you to wrong application of the strategies that makes some people to think that some strategies aren't good. Buying the dips isn't a bad strategy, but when it is wrongly employ that it is when it becomes a bad thing. Like you have pointed, it be wrong for a no coiner to be waiting for a dip instead of focusing on continuous accumulation of bitcoin in other to have good holding in bitcoin.

Whether a no coiner or not waiting for a dip before accumulating is very wrong, the only period it won't look like a waste of time or wrong is when an investor has gotten to their overaccumulation stage because at this stage they can decide to accumulate anyhow they like or feel because the target has been reach or attain and anyone who want to use the buy Dip method should ensure to combine it with another most preferably DCA method because it will help them a lot because only the buy Dip won't help because anyone who's into buying the dip will always have target before they buy forgetting that the market is not control by them and it may not go as they planned or wish it will go, the best method is the DCA if you ask me.

[Joeboy]

If a person has an intention to sell their bitcoin, maybe you can get them to hold onto their bitcoin for a bit longer, but deep down they are itchy and nervous and they don't want to lose money.  They want to make money and they don't really believe in bitcoin, and they are merely trying to get paper profits in dollars so that they can spend their profits.

I recall that during late 2014 and into 2015, I had a friend who had noticed that I had been involved in bitcoin, and my friend was watching me.  Finally after about 6 months watching me, my friend finally decided to buy some bitcoin in the middle of 2015. At various points, he bought 17 bitcoin for an average that was around $220 each (so the costs were around $3,800), and when the bitcoin went up to $350, my friend sold all of his bitcoin for about $5,900-ish, and made around $2k in profits.  My friend was happy and went out and bought some luxury items.

People do crazy shit, and in some sense they feel that the profited from their actions, but in the end there was a bit of a lacking of acceptance of bitcoin as a long term investment.   It is difficult to figure out how to communicate with a person so that they will become more informed about the topic of bitcoin so that they can really profit from creating a long term plan to accumulate and hold bitcoin and following through with such plan.  

Maybe there can be ways to get them to limit that they trade with 10% of the size of their BTC portfolio, but hold the other 90% and don't trade it, yet they aren't going to do it.  

People are going to do what they want, and it might not be a good way to go forward, but they are going to do what they want anyhow based on their own opinion on the topic of bitcoin, investing and how to live life.

sure even with the repeated advice given by you sir on this forum, folks will still go ahead to fool themselves by chasing of short term profits in Bitcoin, but then folks mostly engage in such silly actions coz they are yet to have that proper conviction or mindset about what Bitcoin really is and it future potential. They see it as some sort of quick-profit scheme instead of a tool for long term wealth, which only rewards those who are able to control their greedy nature and short term mindset, and begin thinking and looking beyond s short term profits...AAnd those who keeps on approaching Bitcoin with a short term mentality will always keep missing out on profitable opportunities and maybe even end up look back and regretting their actions and steps they took.

that is why it is really important that folks begin move beyond their short term mindset and invest for the long term. Now even if one isn't 100% convinced about the future potential of Bitcoin, they can still be flexible in their investment size by starting little based on their level of conviction, and as time goes on, they can begin increasing their investment size based on how convinced they tend to laterr become

[POPOLUV]

You should aspire to get your emergency funds up to 3 months of your expenses.  You do not need to establish such level of emergency funds before starting to invest in bitcoin.  When you invest in bitcoin, it is good to get started as soon as you determine that you have discretionary funds - yet at the same time, you likely need to have some back up funds, and many people will already be in a practice of maintaining back up funds, yet you can build the level of your bitcoin investment and your back up funds at the same time, and you can choose to prioritize the building of one greater than the other or you can grow them at the same rate. You need to consider what will make you comfortable, and if you end up messing up because you either don't have any emergency funds or that you invest in bitcoin too slowly.. those are your own challenges to figure out those kinds of details related to your personal circumstances... and surely sometimes your personal circumstance will change at various points along the way too... sometimes it might be better to get a second job and other times it would be better to utilize whatever resources that you have more efficiently including making sure that you are spending within your discretionary income and making sure that you are building up enough back up funds while you are building up your bitcoin investment size, too.

You’re right it makes good sense for us to invest and also make endeavors in buying and accumulating bitcoin, and also having at the back of our mind to also have a emergency funds when necessary, we do not need to start our emergency funds immediately, but it’s more important to start our emergency fund months into our investment, when I started investing in bitcoin it wasn’t really mandatory that I should start having emergency funds immediately, but I had to wait for until 3 months before I started having my emergency funds and reserved funds, but sometimes because of the amount of income that we have available, we e can consider different circumstances that might actually affect our financial situation and then consider buying more bitcoin into our portfolio, because I have to be comfortable with building my emergency fund immediately or I have to wait for 3 months intervals, depending with what I’m comfortable with adopting for the betterment of achieving my goals of building a long term bitcoin investment.

When it comes for investing in Bitcoin, there are strategies we should apply individually that is beneficial to us, which requires common knowledge, talk about having emergency fund after three months of your investments should not be what is not with you always because providing you are out of cash that means you don't have any options left than selling off your investments in a short term, we apply this tactic that i have been using and it works for me ever since i joined this forum, in every of your discretionary income you invest with make sure that you keep your emergency fund from it and never be in a hurry to use all discretionary income only for investment since discretionary income is an income that is left after the payment of your bills, than waiting for three months after your started investing

[Shineup]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

Why should we compete? Competition in Bitcoin investment is not necessary and would not be possible because different individuals have different financial strength, and it best that everyone should tailor there investment according to their financial strength.

This may not be a good advice especially for those of us that are still very new in to the process instead of going all in i will rather prefer going gradually while getting to understand the process more better.

[Showlove01]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

Why should we compete? Competition in Bitcoin investment is not necessary and would not be possible because different individuals have different financial strength, and it best that everyone should tailor there investment according to their financial strength.

This may not be a good advice especially for those of us that are still very new in to the process instead of going all in i will rather prefer going gradually while getting to understand the process more better.

Competition in Bitcoin is not necessary yes I agree with you but competition would not be possible I disagree with that because it is very much possible as a matter of fact that is why some people panic and sell at loss because they took it as a competition and they run out of funds and after that they began to panic and that is ignorant in high place because you don't mess around Bitcoin especially for that fact that it can not be controlled or there is no regulator that you can use to cheat the next person so everyone ought to stay on their lane and run along with what they can afford.

[Crytohillss]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

Why should we compete? Competition in Bitcoin investment is not necessary and would not be possible because different individuals have different financial strength, and it best that everyone should tailor there investment according to their financial strength.

This may not be a good advice especially for those of us that are still very new in to the process instead of going all in i will rather prefer going gradually while getting to understand the process more better.

Competition in Bitcoin is not necessary yes I agree with you but competition would not be possible I disagree with that because it is very much possible as a matter of fact that is why some people panic and sell at loss because they took it as a competition and they run out of funds and after that they began to panic and that is ignorant in high place because you don't mess around Bitcoin especially for that fact that it can not be controlled or there is no regulator that you can use to cheat the next person so everyone ought to stay on their lane and run along with what they can afford.

Yes Bitcoin is not really about competition is all about understanding your limit and staying disciplined so many people lose out because they treat it like a race instead of a long term strategy, most of the individual panic all because they sees bitcoin as a game play but they forget that mindset usually leads to wrong decision being patience and understanding your own capacity can go a long way.

[I_Anime]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

[Grace333]

You should know when to prioritise to buy the dip because if you are a no coiner, and you prioritise buying the dip, you will not be consistent in accumulating Bitcoin, and you will miss a lot of buy opportunities since you do not know when a dip will happen or take place. You should be more concerned to buy the dip when you are very close to your over accumulation stage because you no longer need to be consistent in accumulating Bitcoin to achieve your desired amount of Bitcoin. Emergency is not even enough reason for you to sell your Bitcoin because you are supposed to set up an emergency fund you will use to take care of any emergency that will occur in your Bitcoin accumulation process.

Thats right buying the dip is never a bad strategy but then investors should always know when to utilize such strategy. It is unwise for a beginner who has no Bitcoin holding, to begin thinking of waiting to buy the dip, honestly doing so is pure stupidity. Instead of waiting, that beginner should rather focus on stacking up bitcoin by using the DCA strategy, and then having a long term mindset of consistent stacking up and HODLing even in the face of market volatility. And in addition the amount used to invest in Bitcoin shouldnt be be made fixed, it should always be flexible, such that as you income increases so also should the amount that you should put into Bitcoin( your discretionary income).

definitely there is no one of the strategies that is not good for accumulating bitcoin . It is just for an investor to look out for the one that will work best for his or her financial situation. Sometimes it is majorly so you to wrong application of the strategies that makes some people to think that some strategies aren't good. Buying the dips isn't a bad strategy, but when it is wrongly employ that it is when it becomes a bad thing. Like you have pointed, it be wrong for a no coiner to be waiting for a dip instead of focusing on continuous accumulation of bitcoin in other to have good holding in bitcoin.

Most of the strategies are actually good, it just depends on who is using them and how they are using them. Most people only complain when they apply the strategy the wrong way. Even buying the dip is not a bad idea, but if you use it wrongly, it becomes a problem.

And like you said, it makes no sense for someone with zero Bitcoin to sit around waiting for the perfect dip. Before they know it, the price has moved and they still own nothing.

[PhilosopherKing]

[So just go all-in is all I'm saying and just not to worry about the future.

Why are you giving such dangerous investment advise ? If someone visits this thread for the first time and acts on what you said by going
all in that person may end up putting in all their income before they must soughted out their daily expenses. Bitcoin has a strong history of always reaching a new ATH, but still we cannot with precision predict the future. That is why it is not right to go all in. In Bitcoin don't starting cooking up a plan that begins to place you under a lot of pressure. Always invest safely by putting in the money that you can afford to loose, and thatoney should always be coming from your discretionary income, and not the money needed for your living expenses.

[ZeroVinsonN]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

It's even better now for people who want to buy the DIP the buy now and still maintain their DCAing in order to maximize their accumulation, the time or price does matter or influence a person who is DCAing but if that person wanted to buy the DIP then they have the opportunity to do so now, in fact they have had that opportunity for a while now and if they have already been buying then they will have had the opportunity to buy the DIP at different prices now all they have to do is HODL while they keep accumulating with the DCA and increase their bitcoin stash as much as they possibly can and given time their profits will most likely skyrocket for them.

[Barrykbest]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

Your confidence in Bitcoin’s long-term strength is understandable, but telling people to go all-in can easily mislead beginners. Even long-term investors face risk, so the safest approach is always to invest based on your own financial capacity, not on pressure or competition. People have different incomes, responsibilities, and levels of experience, so their investment limits cannot be the same. Competition makes some people take unhealthy risks, and that is exactly what leads to panic-selling and emotional stress. Bitcoin works best when people stay disciplined, invest gradually, and use only the money they can afford to lose. It is a long-term plan, not a race.

[ruykeri]

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

The history of Bitcoin, its current popularity and the decline of the global fiat economy show that the price of Bitcoin will be much higher in the future. So, no one should thinks about the future of Bitcoin, they should think about their own future and then invest. So this does not mean that without any kind of fund management, without proper speculation, and without investing incorrectly, all the money should be poured into Bitcoin at once. If an unexpected danger comes in life, then you may be forced to sell Bitcoin. This will break the long-term plan. Yes, so far about 19 million and more  Bitcoins have been mined and the rest will take many decades to mine. Due to this, its long-term value will be stronger. Therefore, it is not a matter of who will have to compete with the remaining Bitcoins. What I think is that Bitcoin has the success of buying continuously for the long term. That is definitely through proper planning, considering your own ability, income and financial situation. There is a high possibility of slipping while running in the competition without looking at your own situation. Therefore, you should invest in a way that allows you to invest for a long time. For this, following the method of proper fund management, discretionary income and DCA is the best way.

[CageMabok]

[So just go all-in is all I'm saying and just not to worry about the future.

Why are you giving such dangerous investment advise ? If someone visits this thread for the first time and acts on what you said by going
all in that person may end up putting in all their income before they must soughted out their daily expenses. Bitcoin has a strong history of always reaching a new ATH, but still we cannot with precision predict the future. That is why it is not right to go all in. In Bitcoin don't starting cooking up a plan that begins to place you under a lot of pressure. Always invest safely by putting in the money that you can afford to loose, and thatoney should always be coming from your discretionary income, and not the money needed for your living expenses.

Your advice is absolutely spot-on, as I still see many people acting rashly to become investors without understanding how to properly allocate and allocate their money. I have another analogy for this kind of thing that might be easier for people who want to become investors by holding Bitcoin long-term. For example, someone who has the money to buy a car, but after buying the car, doesn't even have money left for tomorrow's meal. This means that he does not need to buy a car if in the end he has to go hungry because of the car, the same applies to buying Bitcoin as an investment asset, where every investor must have a good financial plan and management by separating money specifically for several things, including investing in Bitcoin.

[Futurexxx]

Your advice is absolutely spot-on, as I still see many people acting rashly to become investors without understanding how to properly allocate and allocate their money. I have another analogy for this kind of thing that might be easier for people who want to become investors by holding Bitcoin long-term. For example, someone who has the money to buy a car, but after buying the car, doesn't even have money left for tomorrow's meal. This means that he does not need to buy a car if in the end he has to go hungry because of the car, the same applies to buying Bitcoin as an investment asset, where every investor must have a good financial plan and management by separating money specifically for several things, including investing in Bitcoin.

Any Bitcoin investor that would have to go hungry after purchasing Bitcoin should not be investing in Bitcoin in the first place, because he can't take good care of himself and his basic needs, and it would just be a matter of time before he sell of his Bitcoin investment just to take care of his basic needs, so going ahead to invest when you have not taken good care of your basic needs is a step that will be costly on the longer run since you are going to temper or sell off your Bitcoin holdings just to take care of your basic needs.

So if an individual should invest in Bitcoin, he should be investing from his discretionary income, money left after all basic needs have been met, not when you have not taken care of your basic needs.

[Bigjoe33]

Your advice is absolutely spot-on, as I still see many people acting rashly to become investors without understanding how to properly allocate and allocate their money. I have another analogy for this kind of thing that might be easier for people who want to become investors by holding Bitcoin long-term. For example, someone who has the money to buy a car, but after buying the car, doesn't even have money left for tomorrow's meal. This means that he does not need to buy a car if in the end he has to go hungry because of the car, the same applies to buying Bitcoin as an investment asset, where every investor must have a good financial plan and management by separating money specifically for several things, including investing in Bitcoin.

Any Bitcoin investor that would have to go hungry after purchasing Bitcoin should not be investing in Bitcoin in the first place, because he can't take good care of himself and his basic needs, and it would just be a matter of time before he sell of his Bitcoin investment

I will call that a wrong investment mentality and/ or a poor knowledge on proper financial allocation and management. I think it's the height of foolishness in financial investment to think only today without thinking tomorrow. Investing today and then not eating tomorrow.  It is a very poor financial decision to invest without settling your basic needs and then figure out what your discretionary income is. A failure to figure your discretionary income and invest from it spells doom for your investment because any investment done outside your discretionary will demand you to tap from that same investment to solve your emergency situations when it arises.

Investors must carry out a proper income allocation management plan to ensure they invest rightly and with a long term investment plan, and most importantly to avoid them been on pressure and then running back to tap from there investment to sell rather too early.

[ASloveapg]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

It's even better now for people who want to buy the DIP the buy now and still maintain their DCAing in order to maximize their accumulation, the time or price does matter or influence a person who is DCAing but if that person wanted to buy the DIP then they have the opportunity to do so now, in fact they have had that opportunity for a while now and if they have already been buying then they will have had the opportunity to buy the DIP at different prices now all they have to do is HODL while they keep accumulating with the DCA and increase their bitcoin stash as much as they possibly can and given time their profits will most likely skyrocket for them.

It is very good that by doing DCA continuously and buying more in DIP (if there is an opportunity or ability), if you continue this continuously and uninterruptedly, it becomes a very strong strategy in the long run. But when you try to buy only DIP instead of buying continuously, that is when you actually start facing failure, because the timing will not always be perfect, but if someone keeps depositing regularly and takes DIP entries as and when they are opportune, then in the long run his portfolio will continue to grow in a better way. But the consistency of strategy must be maintained.