Buy Buy Buy or Sell Sell Sell?

[Solokan]

Those who are real investors will never be too worried about this volatility of Bitcoin. However, a new investor may be scared to see such a situation in the market. However, what we need to do to keep ourselves in order during this decline is what I have shared with you from my own experience. As soon as the decline began, I started watching good news about Bitcoin and I tried to build my faith in Bitcoin and learn a lot about investing.

Experienced and savvy investors are not afraid to see the price of BTC fall because they are not surprised, having witnessed the price of BTC fall many times before, only to rise again and reach new all-time highs. So what is there to worry about if the price of BTC falls, because it will eventually rise even higher? However, many new investors are always anxious and afraid when the price of BTC falls due to several factors. This is because they jumped into investing in BTC without knowing much about it, thinking that BTC does not fluctuate and that investing in BTC will immediately bring them luck without any obstacles or challenges. In my opinion, the reason new investors in BTC feel anxious when the price drops is because they use money they are not prepared to lose to buy BTC, which ultimately causes them to feel anxious. Based on my experience, if we buy BTC using money we are prepared to lose, we will not feel anxious when we see the price of BTC drop.

When I see the price of BTC drop, I don't pay attention to any news because, in my opinion, the focus should be on buying BTC because it is a limited asset and, to date, BTC has never disappointed those who hold it for the long term.

[Bigjoe33]

... and most people who are afraid of the market decline do not have an idea about the market fluctuations, do not know about the volatility of Bitcoin and do not prepare for negative situations...

It is the most retard attitude of negligence for a person to invest his money into an asset  without having a basic concept of that asset, and for bitcoin one of its basic concept is that it is a volatile asset with an unpredictable up and down price movement.

What I believe is that those persons do know about bitcoin price fluctuations but they are in the group of those that are out for a short term profit making adventure.

If they already know about bitcoin price fluctuations, then what else should they know before they get started with there investments? I believe that knowledge is enough and your ability to figure out your discretionary income added is fair enough for you to begin your investment right away. Offcourse, you can't possibly know everything before you get started. Getting started already grants you more chance to learn better and figure out the best way to follow your investment and/or manage your income properly for better allocation.

Muba20, I would like to say that you can't possibly prepare for negative investment situations when you have not even started your investment yet.what exactly will you be preparing for when you have no idea about Bitcoin investment. My point is, getting started is the cracker that sets you off for everything you need to learn. Once you are able to figure out your discretionary income, you can begin right away, and the knowledge of Bitcoin volatility is a very big advantage to the investor as it helps him to manage his income properly

[JayJuanGee]

Those who are real investors will never be too worried about this volatility of Bitcoin. However, a new investor may be scared to see such a situation in the market. However, what we need to do to keep ourselves in order during this decline is what I have shared with you from my own experience. As soon as the decline began, I started watching good news about Bitcoin and I tried to build my faith in Bitcoin and learn a lot about investing.

Experienced and savvy investors are not afraid to see the price of BTC fall because they are not surprised, having witnessed the price of BTC fall many times before,

We don't need to be experienced or savy to invest into bitcoin, and hopefully we get started with small amounts and build up our experiences, and we have enough common sense to not invest too much as we are getting used to buying bitcoin from our discretionary funds, whether we  do it on a weekly basis or if we choose some other frequency (based on our cashflow circumstances).

only to rise again and reach new all-time highs.

Do you consider yourself a savy/experienced investor?  You have ONLY been registered here since early 2023 (so yeah going on nearly 3 years - congratulations). 

By the way, you should realize that Bitcoin prices are not guaranteed to go up... yet we will still figure out our position size and our level of aggressiveness, and if we might have had 3 years in bitcoin we might have gained more confidence investing into bitcoin, whether weekly or some other time increments.

So what is there to worry about if the price of BTC falls, because it will eventually rise even higher?

I agree with you that bitcoin newbies should not be getting worried, and they should just pick a weekly investment amount size that is comfortable for them as they are becoming more comfortable with buying bitcoin regularly.  There can be times that the bitcoin holdings will not be positive, and bitcoin is not guaranteed to go up, so they have to figure out how much they are comfortable to put in... and there can be some advantage in buying when the BTC price is at lower prices.

However, many new investors are always anxious and afraid when the price of BTC falls due to several factors. This is because they jumped into investing in BTC without knowing much about it, thinking that BTC does not fluctuate and that investing in BTC will immediately bring them luck without any obstacles or challenges. In my opinion, the reason new investors in BTC feel anxious when the price drops is because they use money they are not prepared to lose to buy BTC, which ultimately causes them to feel anxious. Based on my experience, if we buy BTC using money we are prepared to lose, we will not feel anxious when we see the price of BTC drop.

This all makes sense..

Not only should we be investing with our discretionary funds, we also should be putting in from money that we are willing to lose.. since bitcoin can go down for a long time and then not recover.

So if we look at discretionary funds, we can spend it on 1) investing, 2) savings and 3) consumption... So we don't want to deprive ourselves in any of those categories, including that it would not be good to put all of our discretionary funds into investing, so we have to figure out some amount that is comfortable for us and we still have money for those other two categories.

When I see the price of BTC drop, I don't pay attention to any news because, in my opinion, the focus should be on buying BTC because it is a limited asset and, to date, BTC has never disappointed those who hold it for the long term.

I agree that probably at least our first whole cycle of investing into bitcoin we should not get overly worked up about price, yet I can still understand why some guys might get nervous as they continue to buy bitcoin and hopefully get through their first whole cycle and beyond, and since as they are in bitcoin longer, their already accumulated bitcoin stash might help to inform them if they might need to modify their prior practices or if they are largely content with their past practice and willing to continue to pursue a similar practice and just reassess at various points along the way, whether quarterly or a couple of times a year or however frequently they believe is good for their approach to bitcoin. 
 
You do keep repeating a theme that makes it appear that you believe that bitcoin is guaranteed to recover, which sure maybe the odds are good (or even great) but it seems problematic to be presenting the bitcoin price matter as if it were guaranteed to recover.

[Razmirraz]

Experienced and savvy investors are not afraid to see the price of BTC fall because they are not surprised, having witnessed the price of BTC fall many times before,

We don't need to be experienced or savy to invest into bitcoin, and hopefully we get started with small amounts and build up our experiences, and we have enough common sense to not invest too much as we are getting used to buying bitcoin from our discretionary funds, whether we  do it on a weekly basis or if we choose some other frequency (based on our cashflow circumstances).

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

[WhoYouCantKill]

When I see the price of BTC drop, I don't pay attention to any news because, in my opinion, the focus should be on buying BTC because it is a limited asset and, to date, BTC has never disappointed those who hold it for the long term.

I agree that probably at least our first whole cycle of investing into bitcoin we should not get overly worked up about price, yet I can still understand why some guys might get nervous as they continue to buy bitcoin and hopefully get through their first whole cycle and beyond, and since as they are in bitcoin longer, their already accumulated bitcoin stash might help to inform them if they might need to modify their prior practices or if they are largely content with their past practice and willing to continue to pursue a similar practice and just reassess at various points along the way, whether quarterly or a couple of times a year or however frequently they believe is good for their approach to bitcoin. 
 
You do keep repeating a theme that makes it appear that you believe that bitcoin is guaranteed to recover, which sure maybe the odds are good (or even great) but it seems problematic to be presenting the bitcoin price matter as if it were guaranteed to recover.

I believe you’ve just raised two essential points that are mostly misunderstood and they’re both pretty much correct.
Firstly, the part you said folks who are relatively in their first full Bitcoin cycle shouldn’t be overly emotional about price is theoretically a very notable fact, but in reality, it’s much harder or better said than done. In reality, emotions don’t really have the luxury of waiting for experience to catch up. Imagine a situation where someone is relatively new to bitcoin and has been accumulating for months, only for the price to keep moving against him, definitely anxiety is almost inevitable. I’ve seen this particular scenario play out with folks who claim to understand how volatility really works but along the line they still found themselves second guessing their next buy when the dip persisted much longer than expected. If it were just left a mere price recovery, then this attitude would have most likely repeated whenever such scenario arises again. But living through several ups and downs gave them more confidence and conviction, the dip felt like something normal and the only thing they had to worry about was whether their current strategy still matched their goals.

And this leads straight to the second point which in my opinion is even way more critical.  And this is the danger of having the expectation that Bitcoin price recovery is certain. Like they always say, past performances doesn’t always guarantee future results, so having confidence based on the previous or past performances is completely different from guarantee, and it becomes easier for investor to be pushed into complacency when they begin to blur than line. I believe I wouldn’t be the only one who must have experienced this kind of thing, I’ve experienced it not just in Bitcoin but also with some other long term bets where the term “history has always repeated and so will still do” became an unspoken assumption. And what this sort of mindset does is to reduce an investor’s discipline and let his guard down leaving him overexposed, and that’s the real danger but not everyone is aware of this.

[alankasman]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

[JayJuanGee]

When I see the price of BTC drop, I don't pay attention to any news because, in my opinion, the focus should be on buying BTC because it is a limited asset and, to date, BTC has never disappointed those who hold it for the long term.

I agree that probably at least our first whole cycle of investing into bitcoin we should not get overly worked up about price, yet I can still understand why some guys might get nervous as they continue to buy bitcoin and hopefully get through their first whole cycle and beyond, and since as they are in bitcoin longer, their already accumulated bitcoin stash might help to inform them if they might need to modify their prior practices or if they are largely content with their past practice and willing to continue to pursue a similar practice and just reassess at various points along the way, whether quarterly or a couple of times a year or however frequently they believe is good for their approach to bitcoin.  
 
You do keep repeating a theme that makes it appear that you believe that bitcoin is guaranteed to recover, which sure maybe the odds are good (or even great) but it seems problematic to be presenting the bitcoin price matter as if it were guaranteed to recover.

I believe you’ve just raised two essential points that are mostly misunderstood and they’re both pretty much correct.
Firstly, the part you said folks who are relatively in their first full Bitcoin cycle shouldn’t be overly emotional about price is theoretically a very notable fact, but in reality, it’s much harder or better said than done. In reality, emotions don’t really have the luxury of waiting for experience to catch up. Imagine a situation where someone is relatively new to bitcoin and has been accumulating for months, only for the price to keep moving against him, definitely anxiety is almost inevitable. I’ve seen this particular scenario play out with folks who claim to understand how volatility really works but along the line they still found themselves second guessing their next buy when the dip persisted much longer than expected. If it were just left a mere price recovery, then this attitude would have most likely repeated whenever such scenario arises again. But living through several ups and downs gave them more confidence and conviction, the dip felt like something normal and the only thing they had to worry about was whether their current strategy still matched their goals.

And this leads straight to the second point which in my opinion is even way more critical.  And this is the danger of having the expectation that Bitcoin price recovery is certain. Like they always say, past performances doesn’t always guarantee future results, so having confidence based on the previous or past performances is completely different from guarantee, and it becomes easier for investor to be pushed into complacency when they begin to blur than line. I believe I wouldn’t be the only one who must have experienced this kind of thing, I’ve experienced it not just in Bitcoin but also with some other long term bets where the term “history has always repeated and so will still do” became an unspoken assumption. And what this sort of mindset does is to reduce an investor’s discipline and let his guard down leaving him overexposed, and that’s the real danger but not everyone is aware of this.

I suppose that I am not going to proclaim that it is easy to live through draw downs, yet it still seems to me that if we figure out our investment budget then we just keep buying every week within our budget.

I am not speaking from theory but instead my own experience was that I was continuing to buy for a couple of years while my bitcoin was mostly in the negative from late 2013 to late 2015 and even to late 2016.

The mindset of buying bitcoin continues to be reinforced through ongoing buying...and I don't know how people can study or come to understand bitcoin, since it is true that even long term bitcoiners have weird ideas about bitcoin, yet each of us has to both live our regular lives and figure out how much time to spend studying and learning about bitcoin and also learning about cashflow management in order to improve our perceptions and perhaps to have fun with our investment into bitcoin.

We cannot convince that people are going to become bullish about bitcoin, even though it likely helps to learn about bitcoin and to figure out how it differs from shitcoins, and including that there are errors in thinking that history tells us very much about future performance even though history will give us some context in understanding what bitcoin has done historically in terms price adoption and various understandings of bitcoin.  There are a lot of good podcasts and a lot of good bitcoin materials available, yet we still have to come to our own perceptions and conclusions and hopefully engage in critical thinking even if there might be some sources of information about bitcoin we consider to be more reliable than other sources of information about bitcoin..

Ultimately we should be attempting to engage in critical thinking about the various soures of information, and we should also be able to recognize and appreciate bitcoin as an asymmetric bet, so the most that we can lose is 100% of the amount that we put in as long as we do not engage in leveraging.  We invest to gain value rather than to lose value, yet at the same time we know that no investment is guaranteed, so we figure out our position size in accordance with our sense of how much we want to balance in regards to how much we put into bitcoin versus other places that we might consider to put our time, energy and value.

To me there seem to be ways to still be aggressive in our investment into bitcoin even if we know that outcomes are not even close to being 100% certain... various versions of the future are probabilities anyhow, and we are already used to understanding that the future is not known until it becomes the past, and even when the future becomes the past, we also might dispute about what happened and which parts of what happened are important.

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

The skills that are needed to invest in bitcoin are basic.. which is being able to figure out whether or not you have discretionary funds and also common sense so that you do not do dumb shit.  Almost everyone either has the basic necessary skills even though it may well take several years to put the skills together and good at investing into bitcoin and managing cashflows. 

Accordingly, it is good to get started as soon as possible for anyone who can at least determine that he has discretionary funds and he can figure out and hone the various skills and learn whatever else that he needs to learn as he goes.

Regarding risk most normal people with common sense do not invest in order to lose money, so common sense would dictate to start investing with amounts that are deemed reasonable, and to increase the amounts invested as the comfort level increases...

Of course in the very beginning a person might not realize his investment timeline to be 4-10 years or longer, so he might have to learn that he is an investor rather than a trader, and so in bitcoin there are likely a lot of uncertainties to try to invest in less than 4 years , so less than 4 years would be trading rather than investing.

[As-Soon-As]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

The DCA method is the best in Bitcoin investment, Bitcoin investment works in a way that plays the biggest role in eliminating your financial deficiencies in the future. Those who have invested in Bitcoin in the past, if they have properly followed their Bitcoin investment, have become self-sufficient today. If you are not stupid, then you can definitely follow Bitcoin investment, because Bitcoin investment has the highest success rate. Those who are currently following the Bitcoin DCA method are the only ones who are the most self-sufficient and will play a brighter role in the future and financial deficiencies will be eliminated only by following Bitcoin investment.

[WhoYouCantKill]

When I see the price of BTC drop, I don't pay attention to any news because, in my opinion, the focus should be on buying BTC because it is a limited asset and, to date, BTC has never disappointed those who hold it for the long term.

I agree that probably at least our first whole cycle of investing into bitcoin we should not get overly worked up about price, yet I can still understand why some guys might get nervous as they continue to buy bitcoin and hopefully get through their first whole cycle and beyond, and since as they are in bitcoin longer, their already accumulated bitcoin stash might help to inform them if they might need to modify their prior practices or if they are largely content with their past practice and willing to continue to pursue a similar practice and just reassess at various points along the way, whether quarterly or a couple of times a year or however frequently they believe is good for their approach to bitcoin.  
 
You do keep repeating a theme that makes it appear that you believe that bitcoin is guaranteed to recover, which sure maybe the odds are good (or even great) but it seems problematic to be presenting the bitcoin price matter as if it were guaranteed to recover.

[snipped]

I suppose that I am not going to proclaim that it is easy to live through draw downs, yet it still seems to me that if we figure out our investment budget then we just keep buying every week within our budget.

I am not speaking from theory but instead my own experience was that I was continuing to buy for a couple of years while my bitcoin was mostly in the negative from late 2013 to late 2015 and even to late 2016.

The mindset of buying bitcoin continues to be reinforced through ongoing buying...and I don't know how people can study or come to understand bitcoin, since it is true that even long term bitcoiners have weird ideas about bitcoin, yet each of us has to both live our regular lives and figure out how much time to spend studying and learning about bitcoin and also learning about cashflow management in order to improve our perceptions and perhaps to have fun with our investment into bitcoin.

We cannot convince that people are going to become bullish about bitcoin, even though it likely helps to learn about bitcoin and to figure out how it differs from shitcoins, and including that there are errors in thinking that history tells us very much about future performance even though history will give us some context in understanding what bitcoin has done historically in terms price adoption and various understandings of bitcoin.  There are a lot of good podcasts and a lot of good bitcoin materials available, yet we still have to come to our own perceptions and conclusions and hopefully engage in critical thinking even if there might be some sources of information about bitcoin we consider to be more reliable than other sources of information about bitcoin..

Ultimately we should be attempting to engage in critical thinking about the various soures of information, and we should also be able to recognize and appreciate bitcoin as an asymmetric bet, so the most that we can lose is 100% of the amount that we put in as long as we do not engage in leveraging.  We invest to gain value rather than to lose value, yet at the same time we know that no investment is guaranteed, so we figure out our position size in accordance with our sense of how much we want to balance in regards to how much we put into bitcoin versus other places that we might consider to put our time, energy and value.

To me there seem to be ways to still be aggressive in our investment into bitcoin even if we know that outcomes are not even close to being 100% certain... various versions of the future are probabilities anyhow, and we are already used to understanding that the future is not known until it becomes the past, and even when the future becomes the past, we also might dispute about what happened and which parts of what happened are important.

One thing I’ve observe and learned about Bitcoin HODLers is that they don’t just build conviction by reading some articles or series of books or even by listening to some podcast. It is something that’s develops slowly through repetition, constantly and consistently buying when their enthusiasm is just about being completely drained, during disappointments and fear. That consistency and repetition is exactly what trains their discipline more than just being optimistic. In fact, optimism is actually as good as useless and the last thing an investor needs during long dips or during red market, Routine on the other side is often what produces more result.

I think the point you made about study versus living life is also pretty much under appreciated. There’s a point that people will acquire information, they’ll become fully reliant on the information they gain, they’ll even feel like more knowledge will be able to completely eliminate uncertainty from the picture, which is completely untrue. Even the most educated and informed bitcoiners would still have different opinions and agree differently on risks, timelines and even fundamentals. But eventually, many people come to point where they finally realize that the main goal of learning and acquiring those knowledge isn’t to eliminate uncertainty but rather to give them comfort even in the midst of the uncertainty. And this is the point where they shift from chasing a perfect narrative and focus more on effective cash flow management, emotional durability and of course position sizing, as these are the most important things to focus on if you’re to stay focused and consistent towards achieving your long term goals.

[barisbilgili]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

The DCA method is the best in Bitcoin investment, Bitcoin investment works in a way that plays the biggest role in eliminating your financial deficiencies in the future. Those who have invested in Bitcoin in the past, if they have properly followed their Bitcoin investment, have become self-sufficient today. If you are not stupid, then you can definitely follow Bitcoin investment, because Bitcoin investment has the highest success rate. Those who are currently following the Bitcoin DCA method are the only ones who are the most self-sufficient and will play a brighter role in the future and financial deficiencies will be eliminated only by following Bitcoin investment.

I also believe that investing in Bitcoin using the DCA method to continuously accumulate Bitcoin is a good strategy, but there are several other strategies that are also good. It all depends on the planning we have made, but the most important thing is our ability to hold Bitcoin for a long period of time, that's the most important thing.

Regarding future possibilities, I'm sure we all share this belief, and that's why many people are motivated to invest in Bitcoin.

I'm not exaggerating this; it's better to continuously accumulate Bitcoin with any remaining money after meeting all your needs. Regarding the future, no one knows, even with all investments, but we only have possibilities. I strongly believe that investing in Bitcoin offers great potential for us.

[yixichloro2xx]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

I like the idea of starting small, when investing in Bitcoin especially if you are a newbie and it helps you learn without losing much. Having experience and understanding the basics is really important inother to avoid mistakes. It is true that if we were earn we can increase the amount we put into Bitcoin. Rushing to invest in Bitcoin because Fomo can be dangerous. Best thing is to focus on understanding the risks, on your plan ( when to enter, the money you are using to invest for example your DCA funds and how long you want hold Bitcoin) and then your discipline.
‎

[MykeAdams]

Experienced and savvy investors are not afraid to see the price of BTC fall because they are not surprised, having witnessed the price of BTC fall many times before,

We don't need to be experienced or savy to invest into bitcoin, and hopefully we get started with small amounts and build up our experiences, and we have enough common sense to not invest too much as we are getting used to buying bitcoin from our discretionary funds, whether we  do it on a weekly basis or if we choose some other frequency (based on our cashflow circumstances).

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

Very true friend, certainly this eases a beginners mindset and allow him learning without feeling pressured when investments matches cash flow, also applying this method helps minimise risk. I believe if all beginners embrace this path and discipline, this can turn out to create and encourage more learning and confidence via knowledge as bitcoin grows.

[Crytohillss]

When I see the price of BTC drop, I don't pay attention to any news because, in my opinion, the focus should be on buying BTC because it is a limited asset and, to date, BTC has never disappointed those who hold it for the long term.

I agree that probably at least our first whole cycle of investing into bitcoin we should not get overly worked up about price, yet I can still understand why some guys might get nervous as they continue to buy bitcoin and hopefully get through their first whole cycle and beyond, and since as they are in bitcoin longer, their already accumulated bitcoin stash might help to inform them if they might need to modify their prior practices or if they are largely content with their past practice and willing to continue to pursue a similar practice and just reassess at various points along the way, whether quarterly or a couple of times a year or however frequently they believe is good for their approach to bitcoin.  
 
You do keep repeating a theme that makes it appear that you believe that bitcoin is guaranteed to recover, which sure maybe the odds are good (or even great) but it seems problematic to be presenting the bitcoin price matter as if it were guaranteed to recover.

I believe you’ve just raised two essential points that are mostly misunderstood and they’re both pretty much correct.
Firstly, the part you said folks who are relatively in their first full Bitcoin cycle shouldn’t be overly emotional about price is theoretically a very notable fact, but in reality, it’s much harder or better said than done. In reality, emotions don’t really have the luxury of waiting for experience to catch up. Imagine a situation where someone is relatively new to bitcoin and has been accumulating for months, only for the price to keep moving against him, definitely anxiety is almost inevitable. I’ve seen this particular scenario play out with folks who claim to understand how volatility really works but along the line they still found themselves second guessing their next buy when the dip persisted much longer than expected. If it were just left a mere price recovery, then this attitude would have most likely repeated whenever such scenario arises again. But living through several ups and downs gave them more confidence and conviction, the dip felt like something normal and the only thing they had to worry about was whether their current strategy still matched their goals.

And this leads straight to the second point which in my opinion is even way more critical.  And this is the danger of having the expectation that Bitcoin price recovery is certain. Like they always say, past performances doesn’t always guarantee future results, so having confidence based on the previous or past performances is completely different from guarantee, and it becomes easier for investor to be pushed into complacency when they begin to blur than line. I believe I wouldn’t be the only one who must have experienced this kind of thing, I’ve experienced it not just in Bitcoin but also with some other long term bets where the term “history has always repeated and so will still do” became an unspoken assumption. And what this sort of mindset does is to reduce an investor’s discipline and let his guard down leaving him overexposed, and that’s the real danger but not everyone is aware of this.

I suppose that I am not going to proclaim that it is easy to live through draw downs, yet it still seems to me that if we figure out our investment budget then we just keep buying every week within our budget.

I am not speaking from theory but instead my own experience was that I was continuing to buy for a couple of years while my bitcoin was mostly in the negative from late 2013 to late 2015 and even to late 2016.

The mindset of buying bitcoin continues to be reinforced through ongoing buying...and I don't know how people can study or come to understand bitcoin, since it is true that even long term bitcoiners have weird ideas about bitcoin, yet each of us has to both live our regular lives and figure out how much time to spend studying and learning about bitcoin and also learning about cashflow management in order to improve our perceptions and perhaps to have fun with our investment into bitcoin.

We cannot convince that people are going to become bullish about bitcoin, even though it likely helps to learn about bitcoin and to figure out how it differs from shitcoins, and including that there are errors in thinking that history tells us very much about future performance even though history will give us some context in understanding what bitcoin has done historically in terms price adoption and various understandings of bitcoin.  There are a lot of good podcasts and a lot of good bitcoin materials available, yet we still have to come to our own perceptions and conclusions and hopefully engage in critical thinking even if there might be some sources of information about bitcoin we consider to be more reliable than other sources of information about bitcoin..

Ultimately we should be attempting to engage in critical thinking about the various soures of information, and we should also be able to recognize and appreciate bitcoin as an asymmetric bet, so the most that we can lose is 100% of the amount that we put in as long as we do not engage in leveraging.  We invest to gain value rather than to lose value, yet at the same time we know that no investment is guaranteed, so we figure out our position size in accordance with our sense of how much we want to balance in regards to how much we put into bitcoin versus other places that we might consider to put our time, energy and value.

To me there seem to be ways to still be aggressive in our investment into bitcoin even if we know that outcomes are not even close to being 100% certain... various versions of the future are probabilities anyhow, and we are already used to understanding that the future is not known until it becomes the past, and even when the future becomes the past, we also might dispute about what happened and which parts of what happened are important.

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

The skills that are needed to invest in bitcoin are basic.. which is being able to figure out whether or not you have discretionary funds and also common sense so that you do not do dumb shit.  Almost everyone either has the basic necessary skills even though it may well take several years to put the skills together and good at investing into bitcoin and managing cashflows. 

Accordingly, it is good to get started as soon as possible for anyone who can at least determine that he has discretionary funds and he can figure out and hone the various skills and learn whatever else that he needs to learn as he goes.

Regarding risk most normal people with common sense do not invest in order to lose money, so common sense would dictate to start investing with amounts that are deemed reasonable, and to increase the amounts invested as the comfort level increases...

Of course in the very beginning a person might not realize his investment timeline to be 4-10 years or longer, so he might have to learn that he is an investor rather than a trader, and so in bitcoin there are likely a lot of uncertainties to try to invest in less than 4 years , so less than 4 years would be trading rather than investing.

Starting small takes a lot of pressure off and makes the learning processing much smoother, when you invest only what you are comfortable with and stay constant you are not just building a position , you are building discipline and understanding over time  it is unwise to learn how bitcoin behaves without unnecessary stress and those habits tend to pay for long term.

[Sim_card]

Best thing is to focus on understanding the risks, on your plan ( when to enter, the money you are using to invest for example your DCA funds and how long you want hold Bitcoin) and then your discipline

You don't need to start figuring out when to start your bitcoin investment if your discretionary income is available. There's no special time to enter the market because delay is dangerous and waiting is not a good way to start with your bitcoin investment because it will keep you as a no coiner for long clueless of what you're doing.

The moment you have the basic knowledge of bitcoin and your discretionary income available, you are to start buying immediately and get the fuck out of being a no coiner to a low coiner. Don't forget that it's the quantity of bitcoin that you accumulate in future is what will determine your profit. If you use ten years to accumulate a little size of bitcoin, when you should have accumulated a good size of bitcoin, you did that to yourself and you will definitely regret when bitcoin price is very expensive in future.

This is why a brand new investor should start his bitcoin investment immediately he has his discretionary income and be consistent with his DCA accumulation for 4-10 years and above till he reaches his bitcoin target. Don't wait for nothing like a dumb investor who thinks buying bitcoin cheaper is the best and very easy to buy.

[AuchanX]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

I understand this. However, lack of experience should not be a big obstacle to getting started. Basic knowledge is definitely needed. But the truth is, over emphasis on preparation can often lead to indecision and missed opportunities.I sincerely Believe that Bitcoin will create more opportunities in the future.However, in reality starting with a small amount of Bitcoin And learning slowly can be more effective than waiting.If you talk to most long-term Bitcoin holders, you will find that they invested without deep knowledge at the beginning. They learned over time through practical experience, mistakes and market observation. The basic thing to remember for investing is not to pour the necessary money into investments. And to be able to extract excess money from income. With which to start investing. Then gradually increase his investment as experience increases. IMHO, a normal intelligent person knows what his excess money is, and a normal intelligent person will never invest all his money in investments without knowing. However, if someone introduces bitcoin as an easy way to get rich,, then investing can be a cut in the throat for him.

[Gallar]

To be honest the desperation in humans  in the act of embarking to Bitcoin investments with the mindset of making money with a short frame, and which many that is not patient enough end up not investing in Bitcoin because their desperation of quick money has lead them to a scam scheme which they lost so much money while investing in the scheme, the investment so far is Bitcoin as far your discretionary income is available for you to use and invest,

I'm not even bothered about how desperate most people are towards Bitcoin investment because I know surely no one will ever want to miss such opportunity unless those folks that like doubting every single thing, so you don't necessarily need to blame those who are being desperate to invest into Bitcoin. as a matter of fact they have seen a potential in it so what did you expect? My only problem about most of this people is that instead of focusing on the long term investment they are now looking into short term which is not meant to be.

I believe that mindset and emotions are truly crucial. Fundamentally, what causes us to fail in any situation is our flawed mindset, compounded by our uncontrolled emotions. Therefore, when investing in Bitcoin, never assume it's an instant way to become rich or achieve significant profits. It's important to understand that investing takes years to achieve maximum results. So, if we can't afford to invest for a long time, I think we need to strengthen our resolve. Essentially, we should remember that instant results tend to disappear quickly. Psychologically, we've already learned that, for example, money earned quickly tends to be unrewarding if we spend it again. So, this is where we need to start developing a healthy mindset and emotional well-being. If our mindset is narrow and our emotions are volatile, I believe investing in any asset will be a poor decision. Such people will undoubtedly be impatient and won't understand the process.

So, when we invest or are just starting to invest in Bitcoin, remember one thing the money we invest is like planting a tree. While we won't be able to enjoy any of the results in a year or two, after ten years, we certainly will.

[Promocodeudo]

If the money been used is truly discretionary, then overthinking market conditions just slows you down for no real reason. Bitcoin is not something you are trying to time every single week, especially if the plan is long term. The DCA approach already remove the stress because you are buying when ever you have extra money, not when the market looks good according to noise on social media..

A lot of people delay starting because they feel they must fully understand market cycles very well. Meanwhile, time keeps moving. With basic knowledge of Bitcoin and a clear plan to only use money you can afford to set aside, you are already ahead of most people. The key part is consistency, not the prediction…

The bolded statement is wrong to some extent, DCA method keep us out from from stress by making bitcoin investment easy for us, instead of we thinking of big amount to invest in Bitcoin, it now allow us to invest with as low as 1$ if that's what we can afford at the time being, this is been reviewed Individually from time to time when when our discreationary income increases, get this point mate, discreationary income increases as soon as our source of income doubles up or tripled, let's understand something so that we don't get ourselves confused about Bitcoin investment.
DCA method is known to be the most efficient and flexible way of buying Bitcoin not because we buy with this method whenever we have extra money as you said, but because what we need to invest with this method is our discreationary income which is easy if we can figure it out.

[Alonso_]

We don't need to be experienced or savy to invest into bitcoin, and hopefully we get started with small amounts and build up our experiences, and we have enough common sense to not invest too much as we are getting used to buying bitcoin from our discretionary funds, whether we  do it on a weekly basis or if we choose some other frequency (based on our cashflow circumstances).

You’re spot on and you’re very correct with your statement, We don’t need to have any experience before we can invest into bitcoin, Literally when I started investing in bitcoin I didn’t require any experience to start investing in bitcoin, little details and information, like basic knowledge was enough for me to start buying bitcoin, but what matters the most is just trying to stay consistent in buying bitcoin when we have started, and what we could actually sustain the investment then we can consider on weekly basis or monthly basis depending on when we have a discretionary income available.  

[ruykeri]

The DCA method is the best in Bitcoin investment, Bitcoin investment works in a way that plays the biggest role in eliminating your financial deficiencies in the future. Those who have invested in Bitcoin in the past, if they have properly followed their Bitcoin investment, have become self-sufficient today. If you are not stupid, then you can definitely follow Bitcoin investment, because Bitcoin investment has the highest success rate. Those who are currently following the Bitcoin DCA method are the only ones who are the most self-sufficient and will play a brighter role in the future and financial deficiencies will be eliminated only by following Bitcoin investment.

You are right that DCA method is the best for investing in Bitcoin. Because it is relatively easy to do and suitable for everyone. Starting to invest in DCA method with the right mindset keeps you away from the short-term volatility of the market and helps you maintain discipline. It would be wrong to only call those who have been doing DCA  is self-sufficient, they are in a higher position than that. Because we only see them as successful but we do not notice the hard work behind their success. Those who have been successful did not panic sell, did not sell anything from their Bitcoin holdings in the middle, did not stop investing in the middle, they started investing through fund management.

And you said that those who do not follow Bitcoin investment are stupid. I am opposing your attitude we should not use this word to express them. A person has complete freedom to invest in any way and any where, which means I do not think it is right to see him as stupid.

[Akaenyi]

We don't need to be experienced or savy to invest into bitcoin, and hopefully we get started with small amounts and build up our experiences, and we have enough common sense to not invest too much as we are getting used to buying bitcoin from our discretionary funds, whether we  do it on a weekly basis or if we choose some other frequency (based on our cashflow circumstances).

You’re spot on and you’re very correct with your statement, We don’t need to have any experience before we can invest into bitcoin, Literally when I started investing in bitcoin I didn’t require any experience to start investing in bitcoin, little details and information, like basic knowledge was enough for me to start buying bitcoin, but what matters the most is just trying to stay consistent in buying bitcoin when we have started, and what we could actually sustain the investment then we can consider on weekly basis or monthly basis depending on when we have a discretionary income available.  

Nobody needs to understand all the technicalities about Bitcoin before they starts it's investment, even at any point as an experienced investors it's still not necessary to understand every technicalities. What is important is basic knowledge like knowing how to download your Bitcoin wallet, understand the importance of the security of your private keys and know where to buy from.

I know a couple of holders who are not on this forum and they don't have any technical knowledge about Bitcoin yet they haven't encountered any issues whatsoever. This is not to say that having technical knowledge about Bitcoin is not essential or wasteful but it is not necessary. If you know enough to protect your wallet security and have atleast one reliable source to buy genuinely from I think that is quite enough.