Buy Buy Buy or Sell Sell Sell?

[Doan9269]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

[Merit.s]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

I disagree with the former. You're proclaiming that we should go into trading for little profits when bitcoin is far better and beyond what you picture it to be in your head. Bitcoin is a long-term investment that is capable of multiplying your money overtime if you only invest and hodli for a long-term. What will you gain to buy low and sell high little dollar value that inflation eats up immediately.

Bitcoin is a store of value overtime and an hedge against inflation which is the main reason why you must save your future from staying poor and put your discretionary income into long term bitcoin accumulation through DCA and hodli instead, of being a trader who will end up having little coins in future when bitcoin price will be very expensive.

When you buy low and sell high, you miss out the compounding value of your portfolio. New investors should focus on long term bitcoin investment and have a bitcoin target to accumulate using DCA.

[Nightwatchmare]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

No, you are getting it all wrong here bro, for continuous accumulation of Bitcoin, you need a discretionary, not a stable income, because their are several guys that have a stable income but still can't figure out their discretionary income, so having a stable source of income does not guarantee a discretionary income to invest with.

I don't understand the correlation of flexible income that you mean in bitcoin accumulation, but I read a little that the understanding is not far from dynamic expenses and income that are adjusted to the conditions you experience, but I think the most important thing in bitcoin investment is that you only need to have more income than the value of your needs, whether you call it fixed income, flexible income or something else that is certain there is residual income that you can allocate to accumulate bitcoin.

This makes more sense, because if we have a fixed or flexible income, but it's only enough to cover our needs, we won't be able to invest freely. So, we need to ensure we have enough income to cover all our needs, with some left over to allocate for investments and set aside as an emergency fund.
And what we most commonly recommend is having income from multiple sources, which we usually call discretionary income. We calculate how much we need, and from there, we can create a more mature investment plan, meaning that in the future, we won't have to disrupt our investments due to urgent needs.

Having income from multiple sources is very good for someone who wants to invest in Bitcoin because it will make the person consistent in accumulating Bitcoin, and the person can invest in Bitcoin with a good reasonable amount of money, and it will aid the person to accumulate a big amount of Bitcoin in a short period of time. But having income from multiple sources is not called discretionary income; it is called a stream of income. When we use our income to solve all our day-to-day expenses, any money that remains after we have done that is called discretionary income, and we are 100% free to use it on the things that please us.

[Xcode7]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

There are many differences between investors and traders, but I think traders face a lot of risks, buying when the price is low and selling when the price has increased. This is done repeatedly, which will certainly be profitable, but it is not as easy as we imagine and say, so I think if you don't have sufficient knowledge, it is better to make a long-term plan, it is much easier, we just need to continuously accumulate Bitcoin according to our abilities and store it for a long period of time.

[Graph001]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

I think it would not be right to do this as it can be risky for investors. Because if you keep buying and selling, one wrong decision can ruin your profits. You cannot accurately predict when the price of Bitcoin will be the highest or lowest. If you are lucky, your guess may be right once or twice, but luck will not always be on your side. For most of those who are new to Bitcoin or those who have been investing so far, buying and holding is the reliable way because here they do not need to worry about the market fluctuations.

[Hardyrobust]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

No, you are getting it all wrong here bro, for continuous accumulation of Bitcoin, you need a discretionary, not a stable income, because their are several guys that have a stable income but still can't figure out their discretionary income, so having a stable source of income does not guarantee a discretionary income to invest with.

I don't understand the correlation of flexible income that you mean in bitcoin accumulation, but I read a little that the understanding is not far from dynamic expenses and income that are adjusted to the conditions you experience, but I think the most important thing in bitcoin investment is that you only need to have more income than the value of your needs, whether you call it fixed income, flexible income or something else that is certain there is residual income that you can allocate to accumulate bitcoin.

This makes more sense, because if we have a fixed or flexible income, but it's only enough to cover our needs, we won't be able to invest freely. So, we need to ensure we have enough income to cover all our needs, with some left over to allocate for investments and set aside as an emergency fund.
And what we most commonly recommend is having income from multiple sources, which we usually call discretionary income. We calculate how much we need, and from there, we can create a more mature investment plan, meaning that in the future, we won't have to disrupt our investments due to urgent needs.

Having income from multiple sources is very good for someone who wants to invest in Bitcoin because it will make the person consistent in accumulating Bitcoin, and the person can invest in Bitcoin with a good reasonable amount of money, and it will aid the person to accumulate a big amount of Bitcoin in a short period of time. But having income from multiple sources is not called discretionary income; it is called a stream of income. When we use our income to solve all our day-to-day expenses, any money that remains after we have done that is called discretionary income, and we are 100% free to use it on the things that please us.

Yes you are right on this. Having multiple sources of income is different from having discretionary income. An investors may have entirely different sources of income but may not have discretionary income to buy bitcoin with. Sometimes we may think that having a multiple sources of income can increase our income but this depends on a good financial management because without this we may still find our self in a position of having no or low discretionary income despite having multiple sources of income which is as a result of poor financial management.

[Cossyblack]

Yes you are right on this. Having multiple sources of income is different from having discretionary income. An investors may have entirely different sources of income but may not have discretionary income to buy bitcoin with. Sometimes we may think that having a multiple sources of income can increase our income but this depends on a good financial management because without this we may still find our self in a position of having no or low discretionary income despite having multiple sources of income which is as a result of poor financial management.

People may have multiple sources of income and still find it difficult to figure out their Discretionary income. If we have multiple sources of income and can't figure out a Discretionary income, then we haven't achieved it anything. An individual with one source income who can figure out his Discretionary income is better off than an individual with multiple source of income who can't figure out his Discretionary income. Multiple sources of income is important but what is more needed is a Discretionary income, because without investing our Discretionary income, we are gambling instead investing.

[Kaliandra]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

It is absolutely true that with a stable income, we will definitely have the potential to easily engage in investment and DCA strategies. If we have a stable income, it will be easy to do, because there are indeed many people who fail to invest because they do not have a stable income. Therefore, it is indeed better to have a stable income because without it, it will be difficult to invest. Based on people's experiences, even though they have purchased BTC by accumulating it through the DCA technique, they end up selling their BTC because they are forced to do so due to not having a stable income. After all, we need money to live our lives.

However, this also depends on the individual, as there are also people who do not have a stable income but eventually succeed in investing in BTC because they do not sell it. So, the point is that it depends on each person's needs. For example, if someone's daily needs require a lot of money, they may not be able to hold onto BTC for the long term due to large expenses. But for those who don't have large expenses, such as those who are still single, they have the potential to hold onto BTC for the long term even if they don't have a stable income. So, the point is that everyone has different opinions on this matter.

[Velemir Sava]

A lot of new investors misunderstand what's required to start investing in bitcoin. Some of them have discretionary income but they think that's it's only when they have a stable job that they can start investing which is wrong.

I don't think that's wrong, and I don't understand it, sir. It's a good starting point and something we should consider further, because whatever the investment story, the fundamentals must always be prioritized. It's impossible to invest without considering our daily needs. Don't let chasing investment targets cause habits to disappear one by one. Be smart in management and execution, of course.

[Alonso_]

Hopefully none of us are so retarded as to be buying shitcoins with money that we should be using to buy bitcoin.

Yes hopefully none of us is buying shitcoins with money that we’re meant to be using in buying bitcoin, well I must say some individuals suffer from ignorance when they know the truth about what is the best in terms of busying and holding bitcoin, while some people makes this mistakes out of ignorance as well, because I do not see any reason why someone who knows the truth would still want to venture into some shit that will eventually end up being detrimental to their investment, but I still do not share the sentiment that bitcoin is 100% safe, but instead Bitcoin is safer when we do the right things, which is why I have also been buying bitcoin for a very long time now and I have tried to be holding bitcoin, when I started I was actually thinking buying and holding bitcoin was very difficult but when I ventured into the market then I started learning more and having a good practice of everything I have been learning on this platform.

[ndutndut]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

There are many differences between investors and traders, but I think traders face a lot of risks, buying when the price is low and selling when the price has increased. This is done repeatedly, which will certainly be profitable, but it is not as easy as we imagine and say, so I think if you don't have sufficient knowledge, it is better to make a long-term plan, it is much easier, we just need to continuously accumulate Bitcoin according to our abilities and store it for a long period of time.

Such a strategy seems very easy, buy at a low price and sell at a high price. However many investors especially beginners often fail because when using it for the short term, our emotions are constantly fluctuating with market fluctuations. Sometimes we make wrong decisions when predicting the market when the price drops, and when we buy, it only goes down again. Ultimately, our emotions get out of control, resulting in losses.

So it's best to invest in Bitcoin for the long term especially with minimal market knowledge not knowing when it will rise or fall, and not being able to follow news developments that impact prices. When you invest for the long term, investing becomes more relaxed especially when combined with a DCA strategy, so market fluctuations won't affect your emotions when holding Bitcoin. I agree with you if you want to trade Bitcoin, you must have sufficient skills in all areas including identifying market moments.

[sotelorene]

Personally, I think that it can be problematic to suggest that a guy starts out investing at a certain weekly (or monthly) rate, and then to just presume that everything is fine with those numbers, and sure it is one thing to get started, and it is another thing for a guy to keep on building week after week after week, and surely any guy who is attempting to explore these kinds of sustainability matters is likely going to come to realize that many guys who are working with small numbers, they are going to likely have difficulties being consistent with their bitcoin investment, so hopefully, once they get started investing, they are ongoingly thinking about ways to both increasingly build their bitcoin investment and also to ongoingly protect their bitcoin investment by building and retaining back up funds.  

I get the angle you are coming from sir.....Lots of folks get too over excited to investing Bitcoin without even considering how their current situation could affect their ability to stay consistent in the long run...Sure it very good to start buying Bitcoin as soon as possible but in the course of the journey it is also necessary that these folks build up a system that will protect their investments the very moment when life begins to feel unpleasant... And folks can build this system that can protection their investments, by adopting the habits of learning to adjust where necessary(flexibility in their investing amount/size), by also saving( back up funds), by cutting off any unnecessary expenses in order to remain steady...

Starting a weekly or monthly Bitcoin plan sounds simple but staying consistent is the real challenge. A lot of people begin with excitement then reality shows them that small income and unstable budgets make long term investing hard. Anyone who works with small numbers eventually faces weeks where they cannot buy and that is normal. The important part is not forcing a fixed amount but learning how to adjust while still protecting the overall goal. Consistency is not about buying the same amount all the time but about staying in the habit without breaking your finances.

Most people get excited about investing before checking if their life situation can support long term commitment. It is good to start early but you also need a system that shields the investment when life gets rough. Many people fail not because Bitcoin is difficult but because their personal finances collapse around them. The moment life pressure rises their investment stops and sometimes they even sell their holdings. A protective system comes from flexibility and discipline. Adjust the amount when income changes. Keep backup funds so you never touch your Bitcoin when emergencies appear. Cut unnecessary expenses so you stay steady even in bad months. This is how someone with a small budget survives the long journey and still builds something that grows over time.

Investing in Bitcoin is not a do or die affair, once it's looking like your finances is becoming Shaky, it's better you pause for a little while pending when things are back to normal then you continue with your strategy, investment in Bitcoin is something you should do with ease that is why discretionary income plays a key role.  once your finances collapse the best is to strategize and not sell your holdings, you can rely on your emergency funds for some of the situation that may seem dire to you.

You seems to have forgotten that whether finance is shaky or not what we need is only discretionary income to sail with our Bitcoin investment journey and it is possible to have a shaky finances and still be accumulating do you know why? Responsibilities and discipline. Any investor with little responsibility and is very discipline and knows how to manage finances will surely figure out a discretionary income that will be more than enough to be accumulating with Bitcoin and it has been stated very clear severally that we don't need a huge amount of money or stable, steady etc source of income before we can get our discretionary income. So pausing because of shaky finances even when you can get your discretionary income is not advisable rather is is misleading.

[Popkon6]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

That is why using the Bitcoin investment DCA method solves all the problems, investing with the Bitcoin DCA method is called an ideal investment. If you invest in Bitcoin weekly and form an emergency fund as a support, you will definitely be able to take advantage of all kinds of opportunities, you can buy dips at any time and if you follow the DCA method regularly, you will save on the purchase price.
As a result, it will be possible to sustain Bitcoin investment for a long time, and if implemented according to the plan, Bitcoin investment will be full of success. That is why those who follow the DCA method are the only ideal investors who are able to hold Bitcoin for a long time.

[ejikeme24]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

With your illustration it's obvious that you're into short term investment (trading) so permit me to say that this your whole ideology is invalid because majority of the users here are only interested in the Long term investment and not for short term (trading) I think this your ideology would have been helpful if you had share it in the right board (trading discussion) but it's quite unfortunate that you shared the idea in the wrong place. So basically it's not worth discussing here.

However the best suggestion I could give to everyone is to maintain the ongoing buying of Bitcoin rather than waiting to take profit from your previous investment that you have not reach anywhere which I'm not entirely sure if you have accumulated for like 8 months, but here  you're talking about profit when you have not even getting to the middle talk more of the status of overaccumulation, I just hope you're doing the right thing for yourself.

[Gallar]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

I think what you're saying is nothing more than what a trader would do, because a bitcoin investor would definitely not do something like that. But long-term investors buy and continue to buy, then hold on to their investments for a predetermined period of time, around 10 years. But the strategy you're proposing looks like buying today and selling again a week later. That's why I feel that your idea is absolutely like that of a trader, and I think it's not advisable to recommend it here. Additionally, you should know that the price of Bitcoin is unpredictable, so the strategy you've outlined is very difficult to execute. Therefore, instead of doing that, I personally prefer to use DCA and hold onto the Bitcoin for the long term.

[Sticky Bomb]

For instance, it makes no sense for someone who receives their income monthly to buy daily

Discretionary income can be shared accross intervals that the investor wishes to buy, I prefer weekly and even though I earn monthly from my workplace, I still prefer to split my discretionary income into 4 places and buy with a quarter of it every week

  when the money apportioned to their discretionary funds doesn't permit them to,

It depends on how you manage your cashflow, you can decide to buy at once with your discretionary income as soon as you get your pay and ist ready for a buy. I prefer buying weekly because there is a possibility of encountering a dip of a kind within the week and in that scenario you can get more quantities for the same price. It is not entirely bad buying at a monthly interval, but we all have our buying strategies tailored best to us and I love trying out my luck within respective weeks to catch dip prices and take advantage of them with the scheduled week's buy amount.

[Bushdark]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

Buying and holding for a longer period should be the goal here but because of personal choice and strategy, some people would decide to buy and hold for only a short period of time which can be profits cut due to the quick cashing of profits.

This is the reason why people would want to take profit once they have noticed that their investments have gathered little profits for them and the reason behind that most times can fear of losing. People are looking for advantage to earn big money but if you tell them to hold for a little while, they can agree with you and later change their mind because they don't like to see the market ones down before their entery pints. This is how skme human beings behave and their is nothing we can do about that.

[Emjay24]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

It is lame of you when you think it is the best approach to gamble with your bitcoin instead of investing in it, of course people who have practiced this over the years cannot boast of getting good profits in their investment, including yourself. You and everyone else practicing the sell and buy back cheaper strategy always settle for little gains and miss out of the long-term compounding benefits of investing in bitcoin.

Bitcoin is for the long-term and those gambling with it mostly end up as losers because they cannot always predict the price movement of bitcoin and most of them would be waiting for a dip that would not end up occurring and they may end up getting lesser quantities of bitcoin if the prices keeps going up. Some may even give up on buying back again if they missed their dip and surely they end up regretting their actions.

The scenario of exiting the market and jumping back in again is a trader's activity and not that of a serious investor. The best way to approach bitcoin remains to ongoingly accumulate persistently, committedly and even aggressively, nothing beats a long term approach to bitcoin investment with consistent buying and holding. It is more rewarding to stay in the market for a long time than frequently exiting and jumping back into it.

[Kiddo15]

When we are talking of buying opportunity and the approach to use in doing it,  many times it has occured in this manner that we see the market fall and some are taking advantage to invest and buying, holding it till when the market surges before selling and still going back into it to buy again and hold, this is how we should picture the whole idea, except for long time investors, who may want to invest and hold for more longer period, this also may be a best decision for them to have their investments yield for them as at when due.

The decision you are trying to make is basically trading because you are selling at a higher price while buying at a lower price, most especially we are encouraging investors to buy and hold for a long time which is why different strategies has been deployed as options for people to use while accumulating, so the buying and selling aspects your bringing doesn't not encourage holding. It is good to buy when the price has fallen, but then the most preferable option will be for you to hold for a longer period of time.

[7juju]

An individual with one source income who can figure out his Discretionary income is better off than an individual with multiple source of income who can't figure out his Discretionary income.

Your choice of words is ambiguous, you need to come clear with your words, so your readers will understand what you are saying. What exactly do you mean by "figure out discretionary income," is it that the person can't separate his basic needs or family needs money  from his or her salary? or everything he/she is earning is going directly into running the day to day needs of the family?
If it is the later, If the size of the family is taking everything he is making and he has nothing left to buy bitcoin, there is nothing there to be ashamed of, Maybe the person who has one source of income and is able to have discretionary income, probably has a small family or he live by himself.
All the person who has multiple sources of income but can't have any discretionary income left after pay day need to do is to cut down on the size of his expenses, or better still look for other avenues to increase his sources of income the more, so he can be able to invest in bitcoin.