Buy Buy Buy or Sell Sell Sell?

[sotelorene]

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.

Well said and I agree with you, it’s better  to get started with bitcoin accumulation once we’re able to figure out a discretionary income to invest with rather than trying to know everything about bitcoin before getting started. One experience they say is the best teacher, and from the experience gained in our ongoing bitcoin accumulation and investment we will be able to learn and also unlearn more as time goes on so as to make important decisions regarding our investments. The most important thing here is to be able to know if there’s availability of a discretionary income to use and buy bitcoin.

We Need to learn Everything about Bitcoin first, by regularly and responsibly storing Bitcoin,
we gain real Experience about the Market, Risks and our own mentality over time, this experience Helps us make better decisions in the Future. If we have extra income with which we can use and store Bitcoin without Stress!

It has been repeated over and over that you don't need to know everything about bitcoin before getting started. You can learn as you go, and in order to get started all you need to know (or be able to figure out) is if you have discretionary funds.  It is also helpful if you have common sense, so you start out in a way that is reasonable to your situation which would likely mean starting out small and then increasing your investment level (whether weekly or otherwise) as you get more comfortable and knowledgable about bitcoin.. so the knowledge and comfort can be built along the way. It is not necessary to build the knowledge and comfort before getting started investing in bitcoin.

It's a mistake alot of people keep making, telling themselves that they need to know everything about bitcoin first before they can actually start investing in it, by doing this they end of losing valuable investment time only to realize at the end of the day that they could have just started investing from the beginning and gathered the knowledge they felt they needed along the way, I suppose that's one reason why it needs to be stated here always that complete knowledge of bitcoin isn't needed first to start investing in bitcoin, provided that a person has their discretionary income available they can always start to invest and gather knowledge along the way.

A real investor, instead of prioritizing unnecessary things, creates a proper financial management so that he can continue investing comfortably while meeting his personal and family needs. Earning more money does not mean that your life will become easy. Even if you pour water into a broken bucket all day long, it will not be filled because a broken bucket cannot hold water. Similarly, an unaccountable person, no matter how much he earns, cannot retain it or use it properly. In our lives, the needs and situations are constantly changing, and if someone is not conscious about the money he earns, it will have a negative impact on his life later.

The bold statement doesn't apply to everyone because not everyone is so careless on spending or how they use their money, if I earn more money than I'm earning now in the nearest future I will be so developed and financially stable and I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

[icebar]

A real investor, instead of prioritizing unnecessary things, creates a proper financial management so that he can continue investing comfortably while meeting his personal and family needs. Earning more money does not mean that your life will become easy. Even if you pour water into a broken bucket all day long, it will not be filled because a broken bucket cannot hold water. Similarly, an unaccountable person, no matter how much he earns, cannot retain it or use it properly. In our lives, the needs and situations are constantly changing, and if someone is not conscious about the money he earns, it will have a negative impact on his life later.

The bold statement doesn't apply to everyone because not everyone is so careless on spending or how they use their money, if I earn more money than I'm earning now in the nearest future I will be so developed and financially stable and I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

In fact, the amount of money can never be a barrier to investment. Bitcoin has this advantage that no matter how small the amount is, a person can invest regularly on a weekly or monthly basis and even if the amount is only $10. But the problem arises when a person cannot maintain this regularity of investment. In this case, there can be two reasons, if the person does not have a stable income or does not have financial management. If there is no stable income, then there is no guarantee of regular investment and even his basic expenses are not guaranteed. And if there is no financial management, then money may run out to meet urgent needs, or an emergency situation may actually cause the investment to be broken. So, no matter how much investment mentality there is, if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

[Lembo69]

if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

Yes, I agree with you that to invest for the long term, it is necessary to have a mindset of achieving or maintaining stable income. A person becomes successful in his life because of his own courage and confidence. Confidence is required for investing. One has to survive at least 2 cycles in the market, only then will he know about his investment. To survive, almost all investors do not accept defeat, and those who start from zero, get the results of their investments as victories. They are the ones who survive for a long time, they are the ones who laugh.

[Derekfunds]

if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

Yes, I agree with you that to invest for the long term, it is necessary to have a mindset of achieving or maintaining stable income. A person becomes successful in his life because of his own courage and confidence. Confidence is required for investing. One has to survive at least 2 cycles in the market, only then will he know about his investment. To survive, almost all investors do not accept defeat, and those who start from zero, get the results of their investments as victories. They are the ones who survive for a long time, they are the ones who laugh.

Still trying to find out what you meant by those who start from zero, get rhe results of their investment as victories I mean it is confusing and if it is what I'm thinking then, I will say you are not totally correct because not all end well or become successful in their holding some slack and some lose faith and focus. And people who do not also start from zero do become successful in their Bitcoin investment race if they are determined and follow the procedures that will lead to success but how someone start or what someone start with doesn't really count rather it is your choice and decision that matters.

[Dreadboost]

It's a mistake alot of people keep making, telling themselves that they need to know everything about bitcoin first before they can actually start investing in it, by doing this they end of losing valuable investment time only to realize at the end of the day that they could have just started investing from the beginning and gathered the knowledge they felt they needed along the way, I suppose that's one reason why it needs to be stated here always that complete knowledge of bitcoin isn't needed first to start investing in bitcoin, provided that a person has their discretionary income available they can always start to invest and gather knowledge along the way.

Using the word everything is unrealistic, no body knows everything about Bitcoin. Although I do get your point, some people want to know more about Bitcoin before investing in it, there for it amounts to wast of time and opportunity.

The real challenge is not about wanting to know more, it is how serious the individual is to invest in Bitcoin. Of cause you can not know everything about Bitcoin, no one does, but all you need is the basic knowledge, for example; understanding the type of strategy that will be comfortable for you and how it works eg DCA, understanding that the coin make retracment/pull back so you will not make unessesary mistakes because of lack of knowledge etc

These are some basic knowledge that you should have, but if one is serious enough to invest in the asset he or she can get these knowledge within some days and head on to start investing, or you can also make little investments when you know more you increase your investments, either of them works.

My point here is that the chase of knowledge is not an excuse why one will fail to invest in the coin, so if I will be advising some one I will not advice you to stop going for knowledge first I will rather advise you to get serious with the investment.

Because most people can't just make investment without having some significant knowledge of what they are investing on, but it's the time you waste to get that knowledge, the procrastination, the delay is what causes people to miss out. If one is serious enough in the range of one week you already have all the basic knowledge you need to know about the coin and you are ready to invest.

So to all who are putting knowledge as an excuse, "get serious or miss out".

[JayJuanGee]

if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

Yes, I agree with you that to invest for the long term, it is necessary to have a mindset of achieving or maintaining stable income. A person becomes successful in his life because of his own courage and confidence. Confidence is required for investing. One has to survive at least 2 cycles in the market, only then will he know about his investment. To survive, almost all investors do not accept defeat, and those who start from zero, get the results of their investments as victories. They are the ones who survive for a long time, they are the ones who laugh.

Still trying to find out what you meant by those who start from zero, get rhe results of their investment as victories I mean it is confusing and if it is what I'm thinking then, I will say you are not totally correct because not all end well or become successful in their holding some slack and some lose faith and focus. And people who do not also start from zero do become successful in their Bitcoin investment race if they are determined and follow the procedures that will lead to success but how someone start or what someone start with doesn't really count rather it is your choice and decision that matters.

Sure there are a lot of members who speak with a lot of ambiguity which contributes to confusion in regards to what they meant.

Many of the guys who focus on investment through ongoing buying and no trading, no shitcoins and no selling, then they can buy one or two times in a 4 year period or maybe they buy continuously throughout a 4-year period, and surly the longer that they are in bitcoin, then the more likely that the bitcoin that they had accumulated will be worth more than what they paid, even if we account for the debasement of the dollar within the passage of time that they are holding and/or accumulating their coins.

There surely are guys with varying cashflow situations and even varying abilities to either continue to buy bitcoin or at least to hold through a whole period of 4 years or longer, and many guys here suggest it is likely better to have a 10 year or longer investment timeline rather than a 4 year or longer investment timeline, unless the investor has age and/or health concerns that cause him to NOT be able to commit to 10 years or longer so instead maybe the guy with age/health concerns would have a timeline that is somewhere in the 4-10 year range.

Personally, I also frequently consider that any time that a guy is buying bitcoin, then he should have at least a 4 year timeline for any coins that he is buying, so if a guy is buying bitcoin every week for 4 years or more, then by the time he gets to 4 years, then some of his earliest bought coins will be passing into maturity of having more than 4 years, and then other coins that he bought later would not even have had gained at least a 4-year timeline for their reaching some level of maturity.

So surely there could be some confusion in calculating values and even calculating various plans in regards to managing coins or perhaps moving to some kind of a sustainable withdrawal status if the guy is continuing to buy bitcoin for longer than 4 years, yet the realityof the matter for an overwhelming majority of normal people is that it is likely going to take them more than 4 years just to build up their bitcoin holdings unless they have money from other than their mere regular income and they are able to invest higher amounts than merely their discretionary income as it comes in, yet I would speculate that an overwhelming majority of folks are mostly only able to build any investment that they have from their discretionary income as it is coming in and only after several years... perhaps greater than 4 years, might they be getting into a position that they could potentially reallocate from one asset to another with lump sums from whatever investments might be building up to significant sizes to potentially justify such reallocation, in the event such normie investor decides to go down such reallocation path.

[Cossyblack]

A real investor, instead of prioritizing unnecessary things, creates a proper financial management so that he can continue investing comfortably while meeting his personal and family needs. Earning more money does not mean that your life will become easy. Even if you pour water into a broken bucket all day long, it will not be filled because a broken bucket cannot hold water. Similarly, an unaccountable person, no matter how much he earns, cannot retain it or use it properly. In our lives, the needs and situations are constantly changing, and if someone is not conscious about the money he earns, it will have a negative impact on his life later.

Prioritizing non-essential wouldn't make life any easier but prioritizing essentials does. It also depends on how we plan our life that life becomes easier, whether we are earning higher incomes or lower. Just because you are earning higher incomes doesn't mean you should start spending extravagantly on non essentials that will add no value to you live, instead use the discretionary income you have been spending on non-essentials and invest in bitcoin. That way, by investing, you are giving purpose to spendings and making life easier for you and your family in the future

[ColdLava40]

Personally, I also frequently consider that any time that a guy is buying bitcoin, then he should have at least a 4 year timeline for any coins that he is buying, so if a guy is buying bitcoin every week for 4 years or more, then by the time he gets to 4 years, then some of his earliest bought coins will be passing into maturity of having more than 4 years, and then other coins that he bought later would not even have had gained at least a 4-year timeline for their reaching some level of maturity.

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.

you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

[coinrifft]

Personally, I also frequently consider that any time that a guy is buying bitcoin, then he should have at least a 4 year timeline for any coins that he is buying, so if a guy is buying bitcoin every week for 4 years or more, then by the time he gets to 4 years, then some of his earliest bought coins will be passing into maturity of having more than 4 years, and then other coins that he bought later would not even have had gained at least a 4-year timeline for their reaching some level of maturity.

Yes, in the beginning it might be hard to just keep buying Bitcoin on a regular basis, weekly, bi-weekly or monthly. But if you have to look at it, you are not buying a position but rather building a timeline. So each purchase it's very important  but by the time you already reach that 4-year timeline, you are not holding a ladder of maturity. Another thing that we might have to look is our mindset when accumulating, it might be hard in the beginning, but if you can just go thru that mental barrier, there will be a time that you stop obsessing over whether your buy was perfect. Bitcoin rewards time more consistently than timing, and a staggered accumulation approach is the best strategy. As you are not anchored to any price movement, not reacting emotionally to the latest candle drop, but rather looking for the bigger picture.

[alankasman]

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.
you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

However if investors understand that long-term investment can yield more than they desire they need returns regardless of their initial investment decisions. If they delve deeper they'll naturally become ambitious and no longer seek quick returns. They'll invest even if it takes four or even five years to realistically achieve returns many times greater than they would have achieved with the quick investment approach. If you have the desire to get involved in this Bitcoin forum you certainly have to be patient when it comes to investing because even if we have a lot of money of course if we jump in based on what many people say if we don't have the intention ourselves it's certainly not good because some people who have been involved in this forum certainly have their own attraction with the aim of the profits they achieve which must take time for a period.

[gracreavix]

if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

Yes, I agree with you that to invest for the long term, it is necessary to have a mindset of achieving or maintaining stable income. A person becomes successful in his life because of his own courage and confidence. Confidence is required for investing. One has to survive at least 2 cycles in the market, only then will he know about his investment. To survive, almost all investors do not accept defeat, and those who start from zero, get the results of their investments as victories. They are the ones who survive for a long time, they are the ones who laugh.

This is very real. Long term investing is not just about picking an asset, it starts with having a stable base. If your income is not steady, every market move will look like a threat, and that is where fear and bad decisions come in. Confidence does not come from the hype, it comes from knowing you can survive even when the market is against you..

The point about surviving at least two market cycles is very important. Anyone can feel smart in a bull run, but it’s the bear markets that expose you. Once you have lived through ups and downs, crashes and recoveries, your mindset will just change.  You will stop panicking, you stop reacting emotionally, and you start trusting the process.

[Grace333]

Personally, I also frequently consider that any time that a guy is buying bitcoin, then he should have at least a 4 year timeline for any coins that he is buying, so if a guy is buying bitcoin every week for 4 years or more, then by the time he gets to 4 years, then some of his earliest bought coins will be passing into maturity of having more than 4 years, and then other coins that he bought later would not even have had gained at least a 4-year timeline for their reaching some level of maturity.

Yes, in the beginning it might be hard to just keep buying Bitcoin on a regular basis, weekly, bi-weekly or monthly. But if you have to look at it, you are not buying a position but rather building a timeline. So each purchase it's very important  but by the time you already reach that 4-year timeline, you are not holding a ladder of maturity. Another thing that we might have to look is our mindset when accumulating, it might be hard in the beginning, but if you can just go thru that mental barrier, there will be a time that you stop obsessing over whether your buy was perfect. Bitcoin rewards time more consistently than timing, and a staggered accumulation approach is the best strategy. As you are not anchored to any price movement, not reacting emotionally to the latest candle drop, but rather looking for the bigger picture.

Yeah, at first, it is really tough to keep buying Bitcoin regularly, especially with all the price swings. But like you said, it is not about hitting the perfect entry each time, it is about building it over time. Every buy adds to the bigger picture, not just that one moment.

The mindset shift is the hardest part. Once you stop obsessing over.. Did I buy at the right price? or Did I miss out? it starts to feel way easier. Bitcoin rewards patience and consistency way more than trying to time the market perfectly.
Doing it little by little, regularly, just becomes routine. You stop reacting to every dip or candle, and accumulation starts feeling less like a grind and more like a smart habit.

[Barikui1]

This is very real. Long term investing is not just about picking an asset, it starts with having a stable base. If your income is not steady, every market move will look like a threat, and that is where fear and bad decisions come in. Confidence does not come from the hype, it comes from knowing you can survive even when the market is against you..

The point about surviving at least two market cycles is very important. Anyone can feel smart in a bull run, but it’s the bear markets that expose you. Once you have lived through ups and downs, crashes and recoveries, your mindset will just change.  You will stop panicking, you stop reacting emotionally, and you start trusting the process.

Their is no reason for a Bitcoin investor to panic if he is truly investing with his discretionary income because that's a money he can do away with, for a very long period of time, and additionally, once a Bitcoin investor sets up an emergency and reserve funds in place just in case for the rainy days, like time of emergency, he wouldn't have to panic for any reason because he knows that he has back up funds that will safeguard his investment if any unforseen emergency arise.
Fear in humans is normal, but when you are investing what you can afford to lose, you will never be in panic when their is a dip in the market because in the worst possible scenario, you wouldn't be that bothered like someone that invested what he can not afford to lose.

[The Founding Titan]

if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

Yes, I agree with you that to invest for the long term, it is necessary to have a mindset of achieving or maintaining stable income. A person becomes successful in his life because of his own courage and confidence. Confidence is required for investing. One has to survive at least 2 cycles in the market, only then will he know about his investment. To survive, almost all investors do not accept defeat, and those who start from zero, get the results of their investments as victories. They are the ones who survive for a long time, they are the ones who laugh.

This is very real. Long term investing is not just about picking an asset, it starts with having a stable base. If your income is not steady, every market move will look like a threat, and that is where fear and bad decisions come in. Confidence does not come from the hype, it comes from knowing you can survive even when the market is against you..

The point about surviving at least two market cycles is very important. Anyone can feel smart in a bull run, but it’s the bear markets that expose you. Once you have lived through ups and downs, crashes and recoveries, your mindset will just change.  You will stop panicking, you stop reacting emotionally, and you start trusting the process.

It's more about having a good source of income than having a steady one, a person can have a steady source of income that can't even cover their essentials properly when the money comes in, someone like this cannot invest in bitcoin even when they want to because by they time they would have paid for their different bills,they would barely even have enough for food and if their income comes on a monthly basis then they have to figure out a way to make sure what's left can carry them through the rest of the month until their next payday and while this is going on someone else might not have a steady source of income  like some kind of a contractor, an entertainer and also sales agent like those for real estate and the likes who get paid depending on how much sales deals they are able to close, you can exactly call they pay steady but it can be good enough for them to be able to pay for all their bills and still have enough for discretionary and be able to invest in bitcoin from there.

[wmaurik]

...

Yes, in the beginning it might be hard to just keep buying Bitcoin on a regular basis, weekly, bi-weekly or monthly. But if you have to look at it, you are not buying a position but rather building a timeline. So each purchase it's very important  but by the time you already reach that 4-year timeline, you are not holding a ladder of maturity. Another thing that we might have to look is our mindset when accumulating, it might be hard in the beginning, but if you can just go thru that mental barrier, there will be a time that you stop obsessing over whether your buy was perfect. Bitcoin rewards time more consistently than timing, and a staggered accumulation approach is the best strategy. As you are not anchored to any price movement, not reacting emotionally to the latest candle drop, but rather looking for the bigger picture.

Nothing is difficult as long as we have a strong intention and thorough preparation for how to invest in Bitcoin for the long term, although everything must begin with action, capital, and a basic understanding of our own actions. Because when you're mentally prepared and have sufficient knowledge, I don't think there's a problem with being patient for four years or more just to invest in Bitcoin. People who are truly happy holding Bitcoin won't be too concerned about market price fluctuations as long as they can still afford the Bitcoin they want.

Now, there are also new investors who are starting to enjoy buying Bitcoin only. Because they're starting to understand Bitcoin and also seeing the price not yet so high, new investors are preparing themselves to buy Bitcoin at the current price, which may lead them to buy again and again in the long term. So, don't think about how difficult it is to get started, but think about how quickly we can get started with simpler methods that don't burden ourselves with it.

[JayJuanGee]

Personally, I also frequently consider that any time that a guy is buying bitcoin, then he should have at least a 4 year timeline for any coins that he is buying, so if a guy is buying bitcoin every week for 4 years or more, then by the time he gets to 4 years, then some of his earliest bought coins will be passing into maturity of having more than 4 years, and then other coins that he bought later would not even have had gained at least a 4-year timeline for their reaching some level of maturity.

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.

you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

There is a pretty BIG difference between getting profits with simple returns versus profits over several years that had compounded upon themselves  several times. 

Normal  people who are not long term oriented become so busy pulling put profits that they do not end getting the advantages of (and the power of) compounding value, which I outline and show 9 doublings between 2015 ($250) and recently almost $128k to be 512x in profits once it crosses into 9 doublings territory from its $250 base price in 2015.

Of course, it can become quite tempting to withdraw profits (or skim) profits at various points along the way, yet many times if the profits are skimmed, it becomes quite difficult to get the BTC stash back up to its size prior to the skimming... so guys have troubles resisting and many times end up selling way too many coins too early.. and sure no problem.. guys can do what they like, even if they are making mistakes in how they manage their bitcoin once they might reach a decent sized stash of it.

Personally, I also frequently consider that any time that a guy is buying bitcoin, then he should have at least a 4 year timeline for any coins that he is buying, so if a guy is buying bitcoin every week for 4 years or more, then by the time he gets to 4 years, then some of his earliest bought coins will be passing into maturity of having more than 4 years, and then other coins that he bought later would not even have had gained at least a 4-year timeline for their reaching some level of maturity.

Yes, in the beginning it might be hard to just keep buying Bitcoin on a regular basis, weekly, bi-weekly or monthly. But if you have to look at it, you are not buying a position but rather building a timeline. So each purchase it's very important  but by the time you already reach that 4-year timeline, you are not holding a ladder of maturity. Another thing that we might have to look is our mindset when accumulating, it might be hard in the beginning, but if you can just go thru that mental barrier, there will be a time that you stop obsessing over whether your buy was perfect. Bitcoin rewards time more consistently than timing, and a staggered accumulation approach is the best strategy. As you are not anchored to any price movement, not reacting emotionally to the latest candle drop, but rather looking for the bigger picture.

Many times guys are much better off to either not pay too much attention to price, but just keep on accumulating no matter the price.

Sure they can look at their average costs from time to time, yet after one or two cycles of ongoingly accumulating bitcoin, the likely more important question will relate to how many bitcoin they were able to accumulate rather than what their average cost per coin happened to have had been... so consistent and persistent accumulation will have decently good chances of paying off... especially a cycle or two down the road.

[Kelward]

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.
you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

However if investors understand that long-term investment can yield more than they desire they need returns regardless of their initial investment decisions. If they delve deeper they'll naturally become ambitious and no longer seek quick returns. They'll invest even if it takes four or even five years to realistically achieve returns many times greater than they would have achieved with the quick investment approach. If you have the desire to get involved in this Bitcoin forum you certainly have to be patient when it comes to investing because even if we have a lot of money of course if we jump in based on what many people say if we don't have the intention ourselves it's certainly not good because some people who have been involved in this forum certainly have their own attraction with the aim of the profits they achieve which must take time for a period.

The reason why some people are skeptical about Bitcoin long term investment should be as a matter of trust, they don't want to risk their hard earned money on something that they don't know if it'll die before the long time that they will hold it. Remember that shitcoins have almost polluted the reputation of the crypto market, only Bitcoin is keeping the sanity of the market. There's nothing we can do about anybody that is still having any doubts about the potentials of Bitcoin to be giving them sure profit at every ATH in the future. To be a long term investor you need to prepare yourself mentally and financially so that you can diligently give it the devotion that it deserves inorder not to be swayed by market sentiments.

[IjawMan]

... I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

[Kaliandra]

It's a mistake alot of people keep making, telling themselves that they need to know everything about bitcoin first before they can actually start investing in it, by doing this they end of losing valuable investment time only to realize at the end of the day that they could have just started investing from the beginning and gathered the knowledge they felt they needed along the way, I suppose that's one reason why it needs to be stated here always that complete knowledge of bitcoin isn't needed first to start investing in bitcoin, provided that a person has their discretionary income available they can always start to invest and gather knowledge along the way.

em... it's true that many people say that if  want to invest in BTC, you need to have extensive knowledge first so that your investment will be more secure. But actually, to invest in BTC, don't have to be an expert in knowledge and so on because as time goes by, we will be able to understand BTC. So, the point is, as long as have an income and use your discretionary income to buy BTC, then buy BTC. Because, in reality, if don't start investing in BTC, it will be difficult to experience what it's like to invest in BTC. But once you start, you'll know what it feels like, and eventually, you'll understand BTC as long as you keep learning about it.

This is my personal experience. When I started investing in BTC, I didn't know much about it, and even now, I still don't know much. But in my opinion, the most important thing in investing in BTC is that we must hold onto it for the long term and use our discretionary income to buy it. Investing in BTC isn't actually complicated; what's complicated is usually our minds, which want to get rich quickly and don't want to wait long.

[iamsange]

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

Yes, because if something bad happens to Bitcoin, many people will leave this forum. However the number of people on this forum is increasing day by day. We don't think those who say bad things have thought to delve deeper into matters related to Bitcoin. And for us, we don't need to listen to what they say because the profits and losses have never been felt by those who say bad things about Bitcoin. So let go of the burden and fear of continuing to dominate our economy by keeping this Bitcoin forum active as usual.