Buy Buy Buy or Sell Sell Sell?

[Showlove01]

A Naive person would believe that, so am not Surprise about it. Generally, every investments carries risks and the level of risks varies depending on the investments and how you intend to manage and minimize the risks is up to the investor. Bitcoin investment is risky,it's riskier if you aren't investing with your Discretional income. Some folks especially Newbies may think this way,since it involves the use of discretional income,then no risks is involved which is wrong. Discretional income minimize the risks involved but it doesn't change the fact that Bitcoin isn't risky.

Mate let me make some points clear for you, Bitcoin investment is not risky, i have some points to back up my claim, what people see as risk in Bitcoin investment is actually the action of volatility but forgetting to take some facts into consideration that, once volatility action is been removed from Bitcoin, Bitcoin becomes nothing, why we experience the upward and downward movement of Bitcoin price is volatility and there wouldn't have been any way Bitcoin investment would've existed without volatility.
Responding to your highlights about discretionary income, yea, investing in Bitcoin with discretionary income makes it easier for any investor to withstand whatever pressure that comes because by investing with discretionary income, you're pressure free, burden free and has nothing that will eventually hinder you from continuing your investment in bitcoin when you have not reach your limit, that's why it is adviceable for every Bitcoin investment irrespective of your status, be it newbie or old investor to figure out their discretionary income to make their Bitcoin investment journey pressure free.

That's is unbelievable. To say that BTC investment is not risky is very unfathomable @ promocodeudo. Volatility of a product is risk and Bitcoin investment is volatile, so Bitcoin investment is risk.
And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

It is true that promocodeudo is wrong because there is no investment that is not risky but the risk in Bitcoin investment is less compare to when trading it and you are also contradicting something here, what is considered volatile is Bitcoin and not Bitcoin investment lol, Bitcoin investment is the act or process of getting your Bitcoin and the process is not volatile and Bitcoin will be more risky if someone doesn't use the right funds to accumulate it because they will so panic and even sell at loss. Because of the uncertainty in Bitcoin that's why we are advise to use a money we can afford to loss.

[JayJuanGee]

Would anyone dare believe someone who claims investing is risk-free? It's truly ridiculous to believe that, because all activities involve risk, especially investing or running a small-scale business.

A Naive person would believe that, so am not Surprise about it. Generally, every investments carries risks and the level of risks varies depending on the investments and how you intend to manage and minimize the risks is up to the investor. Bitcoin investment is risky,it's riskier if you aren't investing with your Discretional income. Some folks especially Newbies may think this way,since it involves the use of discretional income,then no risks is involved which is wrong. Discretional income minimize the risks involved but it doesn't change the fact that Bitcoin isn't risky.

As long as we do not use leverage, then the most that we can lose is 100% of what we put into bitcoin.  We could lose through executional risks or we could lose through problems with the asset.  Of course, we engage in practices to try to minimize excutional risk since we are mostly in control of executional risks, even though sometimes we might mess up aspects of our execution without realizing the mistakes that we are making.

So then on the other side of the scale, we might consider that if we do not invest into bitcoin, then what are we going to do with that value?  Are we going to invest in  something else?  consume? or save in dollars?  If we invest into something else, then we have to compare the risk of that something else to investing in bitcoin.  If we save, then we know that dollars are ongoingly being debased, but the rate of the debasement is relatively slow.  if we choose to consume, then we get the value of the consumption.

Bitcoin investment isn’t a risk free, if anyone tells you a particular investment is a free risk, then you have to be careful, because when it comes to investment, there is always risk involved in it, just that the risk level for each investment is just different. How sure are you that bitcoin isn’t dropping more in price? Am not so sure that bitcoin price isn’t going lower, but no matter how low bitcoin price goes, we just have to keep on holding, the price will gradually bounce back again, and if you are yet to invest, you can just make use of DCA strategy.

There are a few things I'd like to know from reading some of the posts on this subject. It's certainly interesting. As a reminder, whether I'm wrong about this or not, I'd like to say that DCA usually works at the beginning of a cycle, and at the end of a cycle, will it work for us? Please answer, whoever you are here.

Secondly, if you see a winning opportunity right in front of you, [this story is before the current correction, yes.] is it necessary to let go of the sell because, as far as I know, we don't have the perfect timing to secure a win. Most wins come from various cycles.

I'm no expert here, I'm just reading whenever I can, but regarding your question, I can only think of using DCA in the beginning of a bear market. Why?

Obvious you are no expert.  I can see that from your answers.

- obviously, prices are going down
- sentiments of the investors are somewhat negative

You can tell the future from the past?  The price has been going down since the beginning of October. You think that you know the future based on that?

Regarding sentiment?  You are going to invest in bitcoin or not based on sentiment?  That seems like a very lame approach to something like bitcoin.

So with that, it's should be a ideal environment for DCA, as when you buy prices are cheap and who knows, it could be close to bottom price. So DCA eliminates that perfect timing that you are looking for.

You are trying to buy the dip, but you are using a DCA approach to buying the dip..

if you are in bitcoin for a long term, such as 4-10 years or longer, then does it make a big difference if you buy on the dip or not?   Sure, if we know that the BTC price is going to go down from here then maybe we would wait for lower prices.  But we don't know.

On the other hand, why DCA is weak near highest high?

- obviously price are high already
- volatility goes up
- there is also the risk that there could be a 40%-50% or even higher corrections

So you think that there is a good idea to wait for a dip of 40% to 50%?    And from here, 40% to 50% would be $44k to $55k?  What are the odds?  And even if there were a dip to those levels maybe it would be a flash crash.

You would be lucky to get anything below $75k, and even $75k is far from guaranteed.  We might not even have sub-$86k prices anymore.  It is pretty smug of guys to be thinking that there is any guarantee or even high likelihood of lower prices when they likely would be better off discontinuing looking at the BTC price and just accumualte bitcoin for 1 to 2 cycles or longer without reference to the price.. .especially if
they are new to bitcoin.

Look at you.  You have been registered on the forum for a couple of weeks, and you say that you are not an expert, yet you have all kinds of advice to figure out how to buy the dip and not acknowledging that it is probably just better to buy no matter the price, even if the price might dip more from here, and your hypothesizing about an additional 40% to 50% dip from here shows that you are living in a bit of a fantasy perspective. Perhaps you don't even have any clues about what is BTC in the first place.

Why would anyone be investing into bitcoin?  is investing into bitcoin merely to flip it?  Your comments hardly inspire confidence.

In conclusion, DCA near the top isn’t ideal, but it’s not fatal unless your mindset is short-term.

Sure.  That is true, and short term is trading.. there is no such thing as short term investing when it comes to bitcoin, unless you have age or health considerations then maybe you might invest for 4-10 years, that might be consider to be a short-term investment into bitcoin.

[edited out]

Investing in BTC is indeed very risky because we certainly don't know where the price of BTC will go, but looking at the current price, it is certainly the right time to buy because the price of BTC is discounted. You are correct in saying that we cannot predict where the price of BTC will go in the near future. In my opinion, the price of BTC has the potential to fall again because it can be said that the current price of BTC is still high. During the bearish market last season, the lowest price of BTC was below $20k, so it is possible that the price of BTC could fall to $40k or $30k. However, as a small-scale BTC investor, I hope the price of BTC continues to rise and doesn't drop any further.

You seem to be living in a fantasy.  Sure $30k to $40k is possible, but that is a wee bit outrageous to be considering those kinds of numbers in any serious way, and you may well be likely to get even close to $75k.. but hey.. believe what you like and invest accordingly.

But it's true that no matter how low the price of BTC falls, we must remain strong if we want to profit in the future. After all, the decline in the price of BTC is a test for those who invest in BTC for the long term. So, the bottom line is that the most important thing is to continue DCA if we really want to use the DCA technique. Because the more the price of BTC falls, the greater the profits will be in the future, as the price of BTC always makes new all-time highs.

This part of your post is true, which is a recommendation to keep buying bitcoin and really the idea is to not get worked up about what the price is, even if it happens to go low, just keep buying... that is a fair way of considering what to do in response to the BTC price changes that might come.

[edited out]

That's is unbelievable. To say that BTC investment is not risky is very unfathomable @ promocodeudo. Volatility of a product is risk and Bitcoin investment is volatile, so Bitcoin investment is risk.

Many folks erroneously equate volatility with risk, which is a very incomplete way of looking at risk.

And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

When we choose how much to invest from our discretionary funds, we are not really addressing the idea of volatility, but instead we are addressing that we are making sure that we are using funds that are not needed for our upcoming expenses. 

We still could lose 100% of the amount that we chose to invest, but at least we are limiting the amount that we lose since we know that our expenses are covered.

[Churchillvv]

And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

When we choose how much to invest from our discretionary funds, we are not really addressing the idea of volatility, but instead we are addressing that we are making sure that we are using funds that are not needed for our upcoming expenses. 

We still could lose 100% of the amount that we chose to invest, but at least we are limiting the amount that we lose since we know that our expenses are covered.

Additionally, it means that investing what you can afford to do without in a very long term or forever if that be the case is the core reason why we choose how much of our discretionary funds we want to invest. Most guys may call it what you can afford to lose but I say what you can afford to do without in a long period of time, judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

[Ryu_Ar1]

There are a few things I'd like to know from reading some of the posts on this subject. It's certainly interesting. As a reminder, whether I'm wrong about this or not, I'd like to say that DCA usually works at the beginning of a cycle, and at the end of a cycle, will it work for us? Please answer, whoever you are here.

Whether it works or not is up to you as the perpetrator because after all, even if the buying strategy is DCA, it may not work when we lose consistency in buying or only make this as a short-term where when you make DCA as a trade (when you profit even if it is only a few percent and then sell it).
If DCA is done with a long-term scheme then it can also be successful or even not because your consistency determines and needs to be remembered that here DCA is only a method to make us minimize the risk in terms of imposing on yourself or even aggressiveness that is always done.

It's just that when talking about opportunities there are higher hopes when DCA is consistent and long-term because at least in this case we can minimize the risks that will occur.

[Moreno233]

The market have given us another opportunity to buy more cheap Bitcoins, I call it cheap because we will be buying at a discount. Now is the best time to employ the hybrid method of DCA purchase and buying the dips for those who want to be a little aggressive which is the right thing to do at this time.

I will be increasing my allocation to Bitcoin accumulation to accommodate buying the dip which I will be adding to my ongoing DCA accumulation. I think it is the right thing to do before price returns above $100,000 which I expect to happen next year. A lot of us did not expect the dump in price but it happened and the only way to take advantage of it is to buy more coins and hold.

[Gallar]

There are a few things I'd like to know from reading some of the posts on this subject. It's certainly interesting. As a reminder, whether I'm wrong about this or not, I'd like to say that DCA usually works at the beginning of a cycle, and at the end of a cycle, will it work for us? Please answer, whoever you are here.

Whether it works or not is up to you as the perpetrator because after all, even if the buying strategy is DCA, it may not work when we lose consistency in buying or only make this as a short-term where when you make DCA as a trade (when you profit even if it is only a few percent and then sell it).
If DCA is done with a long-term scheme then it can also be successful or even not because your consistency determines and needs to be remembered that here DCA is only a method to make us minimize the risk in terms of imposing on yourself or even aggressiveness that is always done.

It's just that when talking about opportunities there are higher hopes when DCA is consistent and long-term because at least in this case we can minimize the risks that will occur.

I think that when we talk about whether or not DCA is successful in bitcoin, I don't know for sure either. Because basically, I've only been doing DCA for a few years and am still far from my ultimate goal. So if asked about the success of DCA in bitcoin, I think we should ask people who have been doing it for longer. Because their experience will definitely be very good. But up until now, I feel fine with the DCA I'm doing. So maybe if everything goes smoothly, it seems that even when I reach my goal, the DCA I'm doing will definitely continue to run well. So the point is to stay positive and keep trying to improve yourself, so that our income can increase and our accumulation in Bitcoin can continue to run smoothly. I think that's the simple key to successfully investing in bitcoin using the DCA method. And one more thing, we must be able to manage our finances well, so that everything can run more smoothly.

[Onyeeze]

Based on what is happening on bitcoin right now I think this is the perfect time for whoever that want to buy a Bitcoin to buy and keep, if you are purchasing Bitcoin and you are having a double thought for Bitcoin price to decrease more before you buy that is your own risk because the price can increase at any point in time, but I will encourage many people who have interest in Bitcoin to use this opportunity as bitcoin price is between 80k to 90k, to buy Bitcoin or accumulate their Bitcoin so that in future it will yield positive for them, the opportunity has come and it is not everybody that with rise the opportunity, if you have your capital take the risk and purchase Bitcoin for the next bull market

[Padi24]

- obviously, prices are going down
- sentiments of the investors are somewhat negative

You can tell the future from the past?  The price has been going down since the beginning of October. You think that you know the future based on that?

Funny to see that some people are literally turning expert just within these few weeks of correction, though I'm not surprised to see @ coinrifft proclaiming to know everything that is happening in the market lately, and yeah I think he's just speaking based on his past experience and not things that is about to happen maybe in the future even if it's in few weeks to come I'm sure that he won't get it correctly until he experience it and then he may likely want to testify on that once More.

[Joeboy]

That's is unbelievable. To say that BTC investment is not risky is very unfathomable @ promocodeudo. Volatility of a product is risk and Bitcoin investment is volatile, so Bitcoin investment is risk.
And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

When it comes to Bitcoin investments, the risk doesn't majorly come from its volatility, but rather from the kind of investor that you are. For instance, someone invests money that he will be needing to sought out his basic responsibilities into Bitcoin. To such a person the Bitcoin will feel more risky, especially during dips like we have now. But to a another fellow who uses his discretionary income for investment. Such a person will always remain calm and settled, even during the period of dips..if we look at the two different investors in my illustration, we will notice that they are both in the same market buying and holding the same assets which is bitcoin, but they both have different level of risk, coz of the kind of investor that they are.

[mustapha67]

This thread is telling us what will think is the best and for me buy buy buy should be encouraged especially this time of dip in Bitcoin

Yeah, it’s buy buy buy time, but any newbie seeing this post shouldn’t just jump into buying without acquiring more knowledge about bitcoin, because some newbies think bitcoin is an easy way of making money, and after buying and holding for a few days or weeks, they will be rich already, but things don’t work like that, so newbies should do their research first before investing.

I don't think newbies need so much knowledge to start investing in bitcoin, just the basic knowledge of how to buy and how to safely secure their bitcoin against loss is all they need to get started. If you are advising them not to buy now, that means most of them might have to think that they need some sort of complex technical knowledge before buying bitcoin. By the way it depends on what the intention of the newbie is, that is if the buy is just to cash in on the quick gains bitcoin is making now or if the intention is to buy and hold for longer period. If for quick gains, then it is not advisable because they might lose money when the gain does not come as quickly as they expect. But for long term investment, now is a good time to enter the market for newbies, they can start investing already while learning more about bitcoin and the technology behind it.

Interestingly inspiring enough, you just opened my eyes on the working basis I need. I really need the basis knowledge on how to buy, and secure my investment from loss. I have all the time for long term investment, but I really need a description, and orientation concerning certain managerial experience about bitcoin.

Talking about intention, you are very correct. Many people with different reasons towards certain actions. Someone may have the intention of going into investment and will expect to make it in a twinkle of an eye, and to an extent, they even consider what strategies, and principles are required to survive in the investment. If I have a choice, I think it time to do more buying...

[Obulis]

A Naive person would believe that, so am not Surprise about it. Generally, every investments carries risks and the level of risks varies depending on the investments and how you intend to manage and minimize the risks is up to the investor. Bitcoin investment is risky,it's riskier if you aren't investing with your Discretional income. Some folks especially Newbies may think this way,since it involves the use of discretional income,then no risks is involved which is wrong. Discretional income minimize the risks involved but it doesn't change the fact that Bitcoin isn't risky.

Mate let me make some points clear for you, Bitcoin investment is not risky, i have some points to back up my claim, what people see as risk in Bitcoin investment is actually the action of volatility but forgetting to take some facts into consideration that, once volatility action is been removed from Bitcoin, Bitcoin becomes nothing, why we experience the upward and downward movement of Bitcoin price is volatility and there wouldn't have been any way Bitcoin investment would've existed without volatility.
Responding to your highlights about discretionary income, yea, investing in Bitcoin with discretionary income makes it easier for any investor to withstand whatever pressure that comes because by investing with discretionary income, you're pressure free, burden free and has nothing that will eventually hinder you from continuing your investment in bitcoin when you have not reach your limit, that's why it is adviceable for every Bitcoin investment irrespective of your status, be it newbie or old investor to figure out their discretionary income to make their Bitcoin investment journey pressure free.

That's is unbelievable. To say that BTC investment is not risky is very unfathomable @ promocodeudo. Volatility of a product is risk and Bitcoin investment is volatile, so Bitcoin investment is risk.
And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

It is true that promocodeudo is wrong because there is no investment that is not risky but the risk in Bitcoin investment is less compare to when trading it and you are also contradicting something here, what is considered volatile is Bitcoin and not Bitcoin investment lol, Bitcoin investment is the act or process of getting your Bitcoin and the process is not volatile and Bitcoin will be more risky if someone doesn't use the right funds to accumulate it because they will so panic and even sell at loss. Because of the uncertainty in Bitcoin that's why we are advise to use a money we can afford to loss.

Well may be my point is unclear and I should have been specific or more specific. But don't forget, when you say investment, you are either pointing to the process (the act of investing) or a completed process (the state of being invested).
Unclear point like saying "Bitcoin investment is volatile, so Bitcoin investment is risk." when I was actually referring to the outcome of a completed process (the state of being invested) which is Bitcoin itself.
Referring to investment all over, I referred to the outcome of a completed process (that's the state of being invested) which is Bitcoin itself not investment as in the act of investing (the process of getting Bitcoin).

[Solokan]

This thread is telling us what will think is the best and for me buy buy buy should be encouraged especially this time of dip in Bitcoin

Yeah, it’s buy buy buy time, but any newbie seeing this post shouldn’t just jump into buying without acquiring more knowledge about bitcoin, because some newbies think bitcoin is an easy way of making money, and after buying and holding for a few days or weeks, they will be rich already, but things don’t work like that, so newbies should do their research first before investing.

I don't think newbies need so much knowledge to start investing in bitcoin, just the basic knowledge of how to buy and how to safely secure their bitcoin against loss is all they need to get started. If you are advising them not to buy now, that means most of them might have to think that they need some sort of complex technical knowledge before buying bitcoin. By the way it depends on what the intention of the newbie is, that is if the buy is just to cash in on the quick gains bitcoin is making now or if the intention is to buy and hold for longer period. If for quick gains, then it is not advisable because they might lose money when the gain does not come as quickly as they expect. But for long term investment, now is a good time to enter the market for newbies, they can start investing already while learning more about bitcoin and the technology behind it.

In my opinion, beginners should prioritize knowledge before buying because if they don't, they may end up like what you said, wanting to get rich quickly in a short period of time. But I think beginners who see posts in this thread or posts here will definitely find many references to long-term investment in BTC, so it seems that beginners will quickly understand that investing in BTC is definitely best for the long term. So, the point is, we don't need to worry about whether beginners should prioritize knowledge first or buy BTC first, because sometimes experience is what makes us understand and realize that BTC is a good asset and will be even better if we hold it for the long term.

Yes, now is the right time to buy BTC, and if we buy now, we can get a lot of BTC. For beginners, after buying BTC, they can continue to learn more about it. However, the most important thing is that we must be able to hold it for the long term because it's pointless to buy BTC when it's falling if we can't hold it for the long term.

[Barikui1]

I really need the basis knowledge on how to buy, and secure my investment from loss. I have all the time for long term investment, but I really need a description, and orientation concerning certain managerial experience about bitcoin.

As a beginner that wants to invest in Bitcoin, you first of all needs to understand that you only invest from your discretionary income, money that is left after all your basic needs have been met, after that you are advice to just be buying Bitcoin consistently without looking at the price once your discretionary income is available, then while accumulating it, you are advice to use a self custodian wallet like electrum to preserve or hold your Bitcoin investment, because since it's a self custodian wallet, only you will be in charge of your key, which I think is the most secure way of preserving your asset.

[Gost ms]

Interestingly inspiring enough, you just opened my eyes on the working basis I need. I really need the basis knowledge on how to buy, and secure my investment from loss. I have all the time for long term investment, but I really need a description, and orientation concerning certain managerial experience about bitcoin.

Talking about intention, you are very correct. Many people with different reasons towards certain actions. Someone may have the intention of going into investment and will expect to make it in a twinkle of an eye, and to an extent, they even consider what strategies, and principles are required to survive in the investment. If I have a choice, I think it time to do more buying...

We can never buy investments. What we can buy is Bitcoin. When a person buys Bitcoin and holds it for a long time, he becomes an investor. Investments can never be bought. As you said, you do not have much knowledge about investments, so what you need to do is read each person's comments very carefully. When you read everyone's comments, you will learn a lot about investments. You will read before posting, you will read after posting, if you keep reading, you will become very skilled after time.

Try to read more of @JJ sir's comments. I think you will get all the knowledge about investments from his comments.

[JayJuanGee]

And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

When we choose how much to invest from our discretionary funds, we are not really addressing the idea of volatility, but instead we are addressing that we are making sure that we are using funds that are not needed for our upcoming expenses. 

We still could lose 100% of the amount that we chose to invest, but at least we are limiting the amount that we lose since we know that our expenses are covered.

Additionally, it means that investing what you can afford to do without in a very long term or forever if that be the case is the core reason why we choose how much of our discretionary funds we want to invest. Most guys may call it what you can afford to lose but I say what you can afford to do without in a long period of time,

I don't like the changing in the expression in that kind of a way, since your way of changing the expression seems to imply that there is some guarantee that you are going to get some of the money back, and sure, maybe in the end you are correct that you will get some, if not all, of the money back, yet I think that with biticoin and any other investment, there are likely benefits to detach from the value that is put into the investment and a potential willingness to ride the investment down to zero in the event that the investment goes in that direction.

You can believe what you like in regards to how much you are willing to lose, yet I think that there is no guarantee that you are going to get any of it back, whether execution risk or risks associated with investing into a multi-factored asset that has a lot of inputs that contribute to its price performance.

I get you that we are not investing into anything that we are expecting and/or hoping to lose and we are actually investing into something that we expect to have an upward sloping price, especially with more passage of time.

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

[Obulis]

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

[Futurexxx]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Do not put all your eggs in on basket." This is one statement most folks use to justify their bad decision making, and their poor decisions of investing in shit coin due to greed, and the funny thing is that most of these people that always makes such a statement knows that Bitcoin is only reliable asset to invest in, but they will just be making such a statement to justify their actions and also to make them feel better, while in reality, they're doing it because of greed.

[Hardyrobust]

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Exactly, it will be a bad idea for an investor to put all hope and expectations in bitcoin. There should always be need for diversification incase of any issues that may come up in the future. Just like you have rightly said investment bitcoin isn't a guarantee that it will be a success at the end of the day . To reduce the impact of risk or minimise loss there should always be need to spread ones assets into different investment.

[Cossyblack]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay huh, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Putting all your eggs in one basket sounds ridiculous. No matter how secured the basket (Bitcoin) may looks from the inside & outside,there is no guarantee that it won't break later in the future .  Bitcoin investment isn't guaranteed,so folks are advise to invest with money they can afford to lose or Do without. If bitcoin is the only investment they are concentrating on,they should invest with their Discretional incomes and whenever they have a Discretional incomes available rather than their primary income, to avoid pressure to sell to cover for their basic needs or panic-sells during market downtrend.

[sotelorene]

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Exactly, it will be a bad idea for an investor to put all hope and expectations in bitcoin. There should always be need for diversification incase of any issues that may come up in the future. Just like you have rightly said investment bitcoin isn't a guarantee that it will be a success at the end of the day . To reduce the impact of risk or minimise loss there should always be need to spread ones assets into different investment.

Well diversification is not actually wrong but when you are into Bitcoin investment there are wrong and right time to diversify and if you diversify at the wrong time you regret for the rest of your life or your Investment because of the way it will look like. And the right time to  diversify as a Bitcoin investor is when you might have gone far in your Bitcoin accumulation or when you have reached your overaccumulation stage because at that point you know, you have achieved that one and there won't be much distraction again but diversifying when you have not gone far or reached your overaccumulation stage is a wrong diversification and I believe JJG has explained this several times.