Buy Buy Buy or Sell Sell Sell?

[Ryu_Ar1]

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.

But this concept is not too ideal for those who make bitcoin a long-term investment because after all, it is more about trading than investing and even if you insist on making this an investment, it may only happen for the short term where the risks are too great.
Indeed, thinking like this will feel good for some people but when a plan is carried out like this apart from the great risk we can also certainly have some gaps that can indeed make the results not optimal.

For example, in this case we buy and wait for the appropriate price but instead it is not touched when a correction occurs then it is certain that we will miss the purchase that should be done easily even though we are quite capable of doing it and on the one hand we also need to look at the risks that we will have because this will be much greater than with long-term investments where a longer period can make the risk smaller.
So this kind of scheme can never be used for those of us who only aim for the long term that we want to aim for.

[I_Anime]

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.

Imo those for short-term are traders though, they are always in the market waiting to take opportunity of the market wave , for short term profits it can be future or spot . Both are risky but future way riskier especially to an inexperienced trader and stuff.

But when come to long-term gainers are the investors, know this and know peace even if you hold for as long as you can there's not guarantees that you will make huge profit, because is to ways you can either make profit or losses , but is bitcoin the chances of going up more as time goes quite higher though that's why you have to position yourself, by accumulating as much as you can  .

[Obulis]

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.

It is correct that even if a fixed or flexible income that is only enough to take care of needs, investment into Bitcoin will be difficult. On such cases extra income becomes the only way into Bitcoin investment through easily multiple source.
However, at times in some peoples cases who have an income flow, cutting down expenses can help them go on with Bitcoin investment. Carrying out need assessment can actually help some people to begin their Bitcoin accumulation journey even if gradually..

[Derekfunds]

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.

The DCA method is a very nice method to use in Bitcoin investment because it help people with different kind of source of income to invest without muh stress. But using the DCA doesn't mean we can take advantage of any opportunity in the market because the DCA method is just an approach or method but it is now your duty as an investor to make your funds ready and available in case those opportunities comes, so you can take advantage. Some people make mistakes by feeling that once they are using the DCA method everything is settled no that is not correct or true.

[JayJuanGee]

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.

No investment is 100% safe, which is part of the reason with bitcoin, we invest no more than we can afford to lose, and we also should be attempting to strengthen our cashflow management systems and practices.

In regards to our bitcoin investment, we can attempt to figure out the investment size that we would like to put into it, whether we are investing weekly or some other term, so we might come to realize that as long as we are not engaging in leverage, then the most that we could lose is 100% of what we put in, yet there are upside scenarios too... so if bitcoin remains a pretty decent asymmetric bet, then wwe also consider our position size based on realizing that bitcoin could go up, down or sideways, yet we figure out a position size that is comfortable for ourselves and we are likely investing into bitcoin because we consider that the odds for it going up are likely to remain good for our investment timeline, whether that be 4 to 10 years or longer.

So we try to control the matters within the scope of our control to improve the likeliness that our bitcoin will give us more options in the future based on our having had invested into it rather than fewer options.

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.

How could that be ndutndut?  According to your forum registration date, you have ONLY been here for about 2.5 years, so why the fuck are you playing around trying to figure out prices?

Shouldn't you just be buying ongongly and regularly rather than trying to guess which way the price is going to go?  perhaps if you accumulate for a whole cycle or more, then you might be in a position to start to look at prices.  Otherwise, why?  Why can't you just figure out how to buy bitcoin regularly rather than screwing around trying to guess?

Surely, even from your time on the forum, since March 2023, you likely would have had been better to buy as much as you could have from the beginning and even to have had front loaded your investment into bitcoin.. yet maybe at some point you stopped buying bitcoin regularly and you started to employ a waiting strategy in which you are waiting for dips that may or may not happen?

Are you a trader in bitcoin or an investor?  You seem to be referring to yourself as an investor, yet you are also fucking around with trying to figure out the price, too?  you are not making sense to me.

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.

Ok. So you seem to recognize/appreciate the basic ideas what differentiates investing from trading, but you are still getting caught up in situations where you are trying to time BTC price dips?  Why? 

O.k. Let's say that you are regularly buying around $100 per week, yet at some point, you decide that you are going to ONLY invest $80, and you are going to save the other $20 for buying dips...

So even when the price dipped this last time around from $126k to $80k, you likely ran out of money anyhow, so then each time your new amount came in (the $100) you would just use the whole $100 to buy rather than saving for further dip, right?  So then, what is the big deal?  If you are regularly buying, then it is not like you would have a lot of money left over for buying the dip anyhow, right?  Unless you had been holding back way higher amounts in order to use those higher amounts for buying dips that may or may not happen.  That is not a good practice for newbies to be holding back large amounts to buy dips that might not happen.

[iamsange]

It is correct that even if a fixed or flexible income that is only enough to take care of needs, investment into Bitcoin will be difficult. On such cases extra income becomes the only way into Bitcoin investment through easily multiple source.
However, at times in some peoples cases who have an income flow, cutting down expenses can help them go on with Bitcoin investment. Carrying out need assessment can actually help some people to begin their Bitcoin accumulation journey even if gradually..

And it would be much better if the person is able to increase and cut back on both sides while still finding it difficult to become an investor, with the goal of gradually buying Bitcoin. By side, I mean income, which must be increased to make the step of becoming an investor possible immediately, and expenses, which must also be reduced by identifying truly necessary things and cutting back on unnecessary things, so that the level of spending money in daily life is reduced. So, when income has increased and expenses have decreased, I believe anyone can become a Bitcoin investor as long as they know how to maintain Bitcoin and maintain its accumulation more regularly.

[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.

No investment is 100% safe, which is part of the reason with bitcoin, we invest no more than we can afford to lose, and we also should be attempting to strengthen our cashflow management systems and practices.

In regards to our bitcoin investment, we can attempt to figure out the investment size that we would like to put into it, whether we are investing weekly or some other term, so we might come to realize that as long as we are not engaging in leverage, then the most that we could lose is 100% of what we put in, yet there are upside scenarios too... so if bitcoin remains a pretty decent asymmetric bet, then wwe also consider our position size based on realizing that bitcoin could go up, down or sideways, yet we figure out a position size that is comfortable for ourselves and we are likely investing into bitcoin because we consider that the odds for it going up are likely to remain good for our investment timeline, whether that be 4 to 10 years or longer.

So we try to control the matters within the scope of our control to improve the likeliness that our bitcoin will give us more options in the future based on our having had invested into it rather than fewer options.

You’re very right, no investment is 100% safe, which is why we have to give ourselves no benefit of doubt whatsoever when it comes to investing in bitcoin, just like you have emphasized and it’s always advised to invest what we can afford to loose, but at this point I will mostly certainly appreciate working on other factors that could enable continue buying Bitcoin consistently for a very long term, especially when we have a working plans in term of wanting to buy and accumulate Bitcoin, I can decide to buy Bitcoin little by little as much as I can afford on a weekly basis or monthly basis which can be more sustainable for me in a longer term plans, most importantly some of this factors would be working on having different incomes to be able to buy and accumulate Bitcoin and having that opportunity of buying more than expected and this means will give us that opportunity of having more and more Bitcoin, I can decide to buy with a particular price from an initial stage then when I have other cashflow then increasing my portfolio would be more beneficial and appreciated.

When I started buying bitcoin, I started buying little by little on a monthly basis because I usually have my income at the end of the month, after taking care of my basic expenses and paying for my bills, then I have to mathematically calculate my discretionary income to estimate how much I would be left with to buy bitcoin from, I must say I wasn’t left with much discretionary income, and I wasn’t satisfied with my amount of bitcoin accumulation, then I decided to increase my income so I could be able to buy more bitcoin into my portfolio, and immediately I have to start thinking of other ways to have different cashflow and I have to figure out this ways of having other’ businesses so I can have other incomes, so I started other businesses and then I immediately started having extra cashflow, and I was able to keep buying bitcoin, this time I wasn’t only buying little by little I was able to approach buying through lump sum, and then I was buying through the DCA, instead of buying on a monthly basis, I started buying on a weekly basis, which was a massive improvement from my analysis back then when I started having other cashflow I became more aggressive with being cautious.

[JayJuanGee]

[edited out]

You’re very right, no investment is 100% safe, which is why we have to give ourselves no benefit of doubt whatsoever when it comes to investing in bitcoin, just like you have emphasized and it’s always advised to invest what we can afford to loose, but at this point I will mostly certainly appreciate working on other factors that could enable continue buying Bitcoin consistently for a very long term, especially when we have a working plans in term of wanting to buy and accumulate Bitcoin, I can decide to buy Bitcoin little by little as much as I can afford on a weekly basis or monthly basis which can be more sustainable for me in a longer term plans, most importantly some of this factors would be working on having different incomes to be able to buy and accumulate Bitcoin and having that opportunity of buying more than expected and this means will give us that opportunity of having more and more Bitcoin, I can decide to buy with a particular price from an initial stage then when I have other cashflow then increasing my portfolio would be more beneficial and appreciated.

I personally think that there are ways that each of us can figure out ways to gamify our bitcoin accumulation process and/or our building of our cashflow management systems.

You can create a spread sheet (such as in Excel or some other spreadsheet) and then have various categories of information, and perhaps even have goals to continue to grow the size of your bitcoin stash each month, even though it is not guaranteed to be profitable, but there still can be ways to make the building of the stash fun...and you can keep track down to the satoshi.. and including keeping track of costs and/or any fees that might be paid... and also averages to see how the numbers change over time.

And, yeah, maybe in the beginning the numbers are seeming small and even not very consequential, yet after months and months of building, the numbers might start to look BiGGER.. and even months turn into years.. and you can monitor your progress in ways that are potentially fun.

When I started buying bitcoin, I started buying little by little on a monthly basis because I usually have my income at the end of the month, after taking care of my basic expenses and paying for my bills, then I have to mathematically calculate my discretionary income to estimate how much I would be left with to buy bitcoin from, I must say I wasn’t left with much discretionary income, and I wasn’t satisfied with my amount of bitcoin accumulation, then I decided to increase my income so I could be able to buy more bitcoin into my portfolio, and immediately I have to start thinking of other ways to have different cashflow and I have to figure out this ways of having other’ businesses so I can have other incomes, so I started other businesses and then I immediately started having extra cashflow, and I was able to keep buying bitcoin, this time I wasn’t only buying little by little I was able to approach buying through lump sum, and then I was buying through the DCA, instead of buying on a monthly basis, I started buying on a weekly basis, which was a massive improvement from my analysis back then when I started having other cashflow I became more aggressive with being cautious.

Of course, discretionary income can be increased by increasing income and/or decreasing expenses, and there are not always easy ways to figure out how to decrease expenses. .yet it is one of the possibilities... and you might figure out ways to keep track of the expenses better too.. .. to figure out if there might be some way to cut some of them.    I know sometimes there could be ways to buy in bulk such as food and then share expenses with friends and/or family, so then sometimes better quality might be accompanied by savings.  and yeah sometimes if we buy larger quantiies of non-perishables theymight last longer as long as we have a place to store the bulkier item(s).

[Grace333]

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.

Yeah, a lot of people do not really have a problem, they just have ignorance mixed with impatience. Because once someone already knows the truth about Bitcoin and still chooses to gamble their funds on obvious shitcoins, it’s no longer lack of knowledge. it is simply lack of discipline. And discipline is what separates people who build wealth from people who chase hype.

And I agree with you, Bitcoin might not be fully safe, nothing in this world is. But Bitcoin becomes far safer when the person using it is doing the right things, buying with discretionary income, holding long term, avoiding distractions, and not letting greed or FOMO push them into nonsense projects. That is where the real safety comes from..

[Solokan]

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.

I agree with you that BTC is not 100% safe because we don't know what will happen to BTC in the future, but at least if we choose BTC over shitcoins, we are on the right track because, of course, people who hold BTC for the long term have never been disappointed because BTC continues to make new all-time highs. But sometimes I also wonder why people always buy shitcoins even though the risks are very high and many people have lost money because of buying shitcoins. But I think the main reason why people buy shitcoins is because of greed. Of course, many people who buy shitcoins already know the risks, but because of their desire to get rich quickly, they end up buying and losing money.

But I believe that as time goes on, people will realize that BTC is a good asset, so the most important thing is to keep up the momentum with DCA because right now, while BTC is still cheap, it's possible that people who currently like to buy shitcoins will eventually buy BTC in the future, perhaps because they've had enough of always losing money. So, personally, I am currently more focused on buying BTC alone because eventually, in the future, many people who used to buy shitcoins will start buying BTC.

[Crytohillss]

[edited out]

You’re very right, no investment is 100% safe, which is why we have to give ourselves no benefit of doubt whatsoever when it comes to investing in bitcoin, just like you have emphasized and it’s always advised to invest what we can afford to loose, but at this point I will mostly certainly appreciate working on other factors that could enable continue buying Bitcoin consistently for a very long term, especially when we have a working plans in term of wanting to buy and accumulate Bitcoin, I can decide to buy Bitcoin little by little as much as I can afford on a weekly basis or monthly basis which can be more sustainable for me in a longer term plans, most importantly some of this factors would be working on having different incomes to be able to buy and accumulate Bitcoin and having that opportunity of buying more than expected and this means will give us that opportunity of having more and more Bitcoin, I can decide to buy with a particular price from an initial stage then when I have other cashflow then increasing my portfolio would be more beneficial and appreciated.

I personally think that there are ways that each of us can figure out ways to gamify our bitcoin accumulation process and/or our building of our cashflow management systems.

You can create a spread sheet (such as in Excel or some other spreadsheet) and then have various categories of information, and perhaps even have goals to continue to grow the size of your bitcoin stash each month, even though it is not guaranteed to be profitable, but there still can be ways to make the building of the stash fun...and you can keep track down to the satoshi.. and including keeping track of costs and/or any fees that might be paid... and also averages to see how the numbers change over time.

And, yeah, maybe in the beginning the numbers are seeming small and even not very consequential, yet after months and months of building, the numbers might start to look BiGGER.. and even months turn into years.. and you can monitor your progress in ways that are potentially fun.

When I started buying bitcoin, I started buying little by little on a monthly basis because I usually have my income at the end of the month, after taking care of my basic expenses and paying for my bills, then I have to mathematically calculate my discretionary income to estimate how much I would be left with to buy bitcoin from, I must say I wasn’t left with much discretionary income, and I wasn’t satisfied with my amount of bitcoin accumulation, then I decided to increase my income so I could be able to buy more bitcoin into my portfolio, and immediately I have to start thinking of other ways to have different cashflow and I have to figure out this ways of having other’ businesses so I can have other incomes, so I started other businesses and then I immediately started having extra cashflow, and I was able to keep buying bitcoin, this time I wasn’t only buying little by little I was able to approach buying through lump sum, and then I was buying through the DCA, instead of buying on a monthly basis, I started buying on a weekly basis, which was a massive improvement from my analysis back then when I started having other cashflow I became more aggressive with being cautious.

Of course, discretionary income can be increased by increasing income and/or decreasing expenses, and there are not always easy ways to figure out how to decrease expenses. .yet it is one of the possibilities... and you might figure out ways to keep track of the expenses better too.. .. to figure out if there might be some way to cut some of them.    I know sometimes there could be ways to buy in bulk such as food and then share expenses with friends and/or family, so then sometimes better quality might be accompanied by savings.  and yeah sometimes if we buy larger quantiies of non-perishables theymight last longer as long as we have a place to store the bulkier item(s).

investing is ever guaranteed and bitcoin isn't an exception that's why having a good strategy matters, if investing what we can truly afford to lose is rightly okay , As for me the biggest thing is patience and consistency even if it's a little amount every week or every month,  steady accumulation, it also takes a lot of pressure out since people don't  have to wait for the right price. And you are absolutely right about having multiple income streams the more stable our money flow , the easier it becomes to keep buying without stressing . finally slow and steady accumulation with a good financial strategy it is one of most sustainable ways to build a long term.

[DubemIfedigbo001]

But I believe that as time goes on, people will realize that BTC is a good asset, so the most important thing is to keep up the momentum with DCA because right now, while BTC is still cheap, it's possible that people who currently like to buy shitcoins will eventually buy BTC in the future, perhaps because they've had enough of always losing money. So, personally, I am currently more focused on buying BTC alone because eventually, in the future, many people who used to buy shitcoins will start buying BTC.

Most people know this, even those gambling away their funds on shitcoins knows very well that they are taking risky chances with their funds instead of putting it into something that is less risky and has great potential like bitcoin. People always tend to see bitcoin as a slow asset (at least I've heard it from a person or two), but they are only blinded by their get-rich-quick mindsets expecting immediate returns instead of thinking long-term. Bitcoin price history shows long-term prospects for those who believe in it and stay invested for long, the same can never be said for any shitcoin that has existed in the past which has been manipulated, pumped and dumped, or perhaps even rugged by its creators.

Most of them still take this faulty mindset into bitcoin and miss out on its true long-term rewards. The solution is for people to first do away with the instant profits' mindset; real performance of assets is measured long-term and not instantaneous and BTC has shown a good long-term performance. The moment people give up their trading and gambling mindsets in their approach to bitcoin, they would think and act long-term and stand a chance to really profit from their involvement into bitcoin.

[Joeboy]

Of course, discretionary income can be increased by increasing income and/or decreasing expenses, and there are not always easy ways to figure out how to decrease expenses. .yet it is one of the possibilities... and you might figure out ways to keep track of the expenses better too.. .. to figure out if there might be some way to cut some of them.    I know sometimes there could be ways to buy in bulk such as food and then share expenses with friends and/or family, so then sometimes better quality might be accompanied by savings.  and yeah sometimes if we buy larger quantiies of non-perishables theymight last longer as long as we have a place to store the bulkier item(s).

Exactly, and for those folks that think that they cannot enter into Bitcoin coz they have little discretionary income, well they can take certain necessary steps like looking for ways to increase their income and also cutting off any unnecessary spendings in order to increase the level of their discretionary income . They can increase their income level by getting into any side hustle or even using the little they have to invest into learning a skill or a trade  which can later on begin bring money in. The truth is that Bitcoin will always be for and possible for everyone it just may requires folks to build certain habits and system which can make your accumulation overtime to be possible.

[Shineup]

[edited out]

You’re very right, no investment is 100% safe, which is why we have to give ourselves no benefit of doubt whatsoever when it comes to investing in bitcoin, just like you have emphasized and it’s always advised to invest what we can afford to loose, but at this point I will mostly certainly appreciate working on other factors that could enable continue buying Bitcoin consistently for a very long term, especially when we have a working plans in term of wanting to buy and accumulate Bitcoin, I can decide to buy Bitcoin little by little as much as I can afford on a weekly basis or monthly basis which can be more sustainable for me in a longer term plans, most importantly some of this factors would be working on having different incomes to be able to buy and accumulate Bitcoin and having that opportunity of buying more than expected and this means will give us that opportunity of having more and more Bitcoin, I can decide to buy with a particular price from an initial stage then when I have other cashflow then increasing my portfolio would be more beneficial and appreciated.

I personally think that there are ways that each of us can figure out ways to gamify our bitcoin accumulation process and/or our building of our cashflow management systems.

You can create a spread sheet (such as in Excel or some other spreadsheet) and then have various categories of information, and perhaps even have goals to continue to grow the size of your bitcoin stash each month, even though it is not guaranteed to be profitable, but there still can be ways to make the building of the stash fun...and you can keep track down to the satoshi.. and including keeping track of costs and/or any fees that might be paid... and also averages to see how the numbers change over time.

And, yeah, maybe in the beginning the numbers are seeming small and even not very consequential, yet after months and months of building, the numbers might start to look BiGGER.. and even months turn into years.. and you can monitor your progress in ways that are potentially fun.

When I started buying bitcoin, I started buying little by little on a monthly basis because I usually have my income at the end of the month, after taking care of my basic expenses and paying for my bills, then I have to mathematically calculate my discretionary income to estimate how much I would be left with to buy bitcoin from, I must say I wasn’t left with much discretionary income, and I wasn’t satisfied with my amount of bitcoin accumulation, then I decided to increase my income so I could be able to buy more bitcoin into my portfolio, and immediately I have to start thinking of other ways to have different cashflow and I have to figure out this ways of having other’ businesses so I can have other incomes, so I started other businesses and then I immediately started having extra cashflow, and I was able to keep buying bitcoin, this time I wasn’t only buying little by little I was able to approach buying through lump sum, and then I was buying through the DCA, instead of buying on a monthly basis, I started buying on a weekly basis, which was a massive improvement from my analysis back then when I started having other cashflow I became more aggressive with being cautious.

Of course, discretionary income can be increased by increasing income and/or decreasing expenses, and there are not always easy ways to figure out how to decrease expenses. .yet it is one of the possibilities... and you might figure out ways to keep track of the expenses better too.. .. to figure out if there might be some way to cut some of them.    I know sometimes there could be ways to buy in bulk such as food and then share expenses with friends and/or family, so then sometimes better quality might be accompanied by savings.  and yeah sometimes if we buy larger quantiies of non-perishables theymight last longer as long as we have a place to store the bulkier item(s).

investing is ever guaranteed and bitcoin isn't an exception that's why having a good strategy matters, if investing what we can truly afford to lose is rightly okay , As for me the biggest thing is patience and consistency even if it's a little amount every week or every month,  steady accumulation, it also takes a lot of pressure out since people don't  have to wait for the right price. And you are absolutely right about having multiple income streams the more stable our money flow , the easier it becomes to keep buying without stressing . finally slow and steady accumulation with a good financial strategy it is one of most sustainable ways to build a long term.

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price. It is good to have a multiple streams of income but having a multiple streams of income should also go along with developing a good financial management skills if not it will all result to nothing and you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

[Princess Leah]

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price. It is good to have a multiple streams of income but having a multiple streams of income should also go along with developing a good financial management skills if not it will all result to nothing and you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

[Marvelockg]

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price.

The fact that we can't assume that there's an investment that's 💯 guaranteed doesn't mean that investing in bitcoin doesn't have a guarantee of returns on investment. I mean, the reason why you invest in the first place and do so with a reasonable amount is because you have a level of trust that there will be a return on your investment. If you even consider a lot of the alternative asset class we have other than bitcoin, you will easily know that it's bitcoin that gives you the level of calmness that keeps you invested for the long term without being overly worried on what to do even at the time when the market is going down.

For other asset including the physical ones, people mainly buy when they see physical signs that the price will go up, if there are no signs, then they don't buy as such. But for bitcoin, at the time of DIP, you're expected to buy, at the time of bull you're still adviced to buy and when you do so for the long term, you still discover that investing regardless of the market situation is one of the best choice you can ever make.

you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

In terms of knowing what's the best thing to put your money into, there's no big deal about it. You already know that the goal at the end of the day is so you can be at a good profit region and so, even if others are afraid if buying bitcoin probably because they feel that now is not the best time to buy your bitcoin, you can still go on to do what you want because at whatever time you buy your bitcoin, you're still not late into it.

[Zackz5000]

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price. It is good to have a multiple streams of income but having a multiple streams of income should also go along with developing a good financial management skills if not it will all result to nothing and you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

Those who always say they are waiting for right price before they can get started with their Bitcoin investment are not serious people if they have a discretionary income to get started with, what is stoping most people not invest is spirit of procrastination they will be like i will buy tomorrow when tomorrow is reach they will push it to next tomorrow or complain of that price to be high and at the end they will be able to accumulate Bitcoin again and miss a better opportunity. Bitcoin is volatile you can be waiting for the price of Bitcoin to dip further before accumulating and the price increases so the best time to get started is now if your discretionary income is available.

[rangga28]

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

[Sim_card]

The fact that we can't assume that there's an investment that's 💯 guaranteed doesn't mean that investing in bitcoin doesn't have a guarantee of returns on investment.

There's no guarantee of making profit from your bitcoin investment in future even though, we know that the odd of bitcoin price moving uptrend is higher than moving downtrend in future. This is why you should only invest with the amount of money that you can afford to lose and also have other investments so that, if bitcoin price goes against you in the future, you wouldn't give up in life

even if others are afraid if buying bitcoin probably because they feel that now is not the best time to buy your bitcoin, you can still go on to do what you want because at whatever time you buy your bitcoin, you're still not late into it.

Of course, you can get into bitcoin anytime and still feel that you are early. However, if you already have your discretionary income available, and you are still waiting, you are wasting your time. The earlier you start your bitcoin investment, the better opportunity that you have to increase your bitcoin portfolio overtime. The price of bitcoin is increasing overtime making it better to start early.

[Tonimez]

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

It is not true. A person who has one source of income knows that he has only one source of income and should choose the best investment strategy if he is investing in bitcoin. You don't necessarily need multiple sources of income before you can start investing in bitcoin. What you need to have is a discretionary income. A low income earner should understand that his income is low and invest within his financial capacity and must not be greedy to start envying the high income earners too. Having a multiple sources of income is not bad but it is not a yardstick for investing in bitcoin as a beginner.

When a person invests strictly with discretionary income it is paramount too that he should not forget to build his emergency funds and back up funds too. If he is disciplined enough to build his emergency funds and back up funds, then even when there's an unfavorable situation, he can fall back to his emergency funds and back up funds which would help to preserve his bitcoin stash. It is an unplanned investment process that destroys bitcoin investment. You must avoid greed or want to grow your bitcoin stash as fast as a high income earner. If he invests within his level, he is already sure of not running into a financial crisis as long as he maintains his cashflow in the right way. Don't waste your time waiting until you get a multiple sources of income before you can start investing in bitcoin.