Buy Buy Buy or Sell Sell Sell?

[barisbilgili]

The mindset you adopt is arguably the most fundamental thing before investing in Bitcoin. Because investing in Bitcoin is crucial for thorough research and a long term goal. By having both strategies whatever you employ will be fine whether you simply wait for the price to drop or continue to DCA your Bitcoin this strategy will be profitable in the long run.

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

Not only a brand new investor that does not need to wait for the dip before they can buy bitcoin but any investor that has not gotten to their accumulation stage shouldn't be waiting for the so called dip before they at least buy BTC, a no coiner or a low income earners has a strategy that can use so they can continuously be buying bitcoin so they can meet up with a good bitcoin portfolio within 4-10 years time and more and this strategy is the dca strategy they shouldn't think of the dip or waiting to buy the dip any time the dip comes it should come as an opportunity to stack more BTC.

I agree with what you said Umulala-alala. We must apply this mindset so that whatever the circumstances, we continue to accumulate Bitcoin using the DCA strategy, regardless of our ability to accumulate BTC. This simple principle allows us to remain consistent, regardless of whether we consider ourselves beginners or experienced investors.
This method can be used by anyone, regardless of income, so why change our strategy later if the one we're using now is already effective.

[arwin100]

The mindset you adopt is arguably the most fundamental thing before investing in Bitcoin. Because investing in Bitcoin is crucial for thorough research and a long term goal. By having both strategies whatever you employ will be fine whether you simply wait for the price to drop or continue to DCA your Bitcoin this strategy will be profitable in the long run.

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

Not only a brand new investor that does not need to wait for the dip before they can buy bitcoin but any investor that has not gotten to their accumulation stage shouldn't be waiting for the so called dip before they at least buy BTC, a no coiner or a low income earners has a strategy that can use so they can continuously be buying bitcoin so they can meet up with a good bitcoin portfolio within 4-10 years time and more and this strategy is the dca strategy they shouldn't think of the dip or waiting to buy the dip any time the dip comes it should come as an opportunity to stack more BTC.

Looking at those ideal dip usually make those people missed lots of opportunities. DCA strategy is the most practical strategy to used by no coiners, people with limited incomes and also new investors.

Because it helps them to eliminate stressful entries and them lots of time since there's no need for them to think about becoming so technical since they can buy Bitcoin directly then aim to increase their stacks.

Those price dip should be treated as bonus and not something to look forward to happen when they try to accumulate. If they can do this smoothly and will not get any issue there's good chance that later own they can see a growth on their portfolio especially if they reached on their 4 - 10 target years.

[Jamestown70]

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low,

When someone says that you must have a basic knowledge on Bitcoin investment before starting out, what do you think the person is talking about?
You don't need to know all that you are talking off, like high and low, what you just needs to know is how to buy and accumulate Bitcoin, using your discretionary income to carry it out that's all,

If you’re to advise someone to invest in Bitcoin or crypto, you’ll just teach the person to buy and sell without briefing that person on how to face the dip and pump?. You know fully well that when price retraces, as a newbie that started accumulating Bitcoin, he or she will start to panic when they don’t have a basic knowledge of how the price moves. But when they’ve got basic knowledge of it, they’ll be well equipped in times of the price retracement, instead of getting panic, they’ll see the retracement as an opportunity to accumulate more Bitcoin. You’re are having a misconception of the light I’m trying to portray. Let’s be realistic, no one will want to invest in something he or she doesn’t have basic knowledge of, the reason you’re more enthusiastic about Bitcoin is that you’ve gotten vast knowledge about it, you can’t compare yourself to newbie who is just coming into the system.

[Princess Leah]

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low,

When someone says that you must have a basic knowledge on Bitcoin investment before starting out, what do you think the person is talking about?
You don't need to know all that you are talking off, like high and low, what you just needs to know is how to buy and accumulate Bitcoin, using your discretionary income to carry it out that's all,

If you’re to advise someone to invest in Bitcoin or crypto, you’ll just teach the person to buy and sell without briefing that person on how to face the dip and pump?. You know fully well that when price retraces, as a newbie that started accumulating Bitcoin, he or she will start to panic when they don’t have a basic knowledge of how the price moves. But when they’ve got basic knowledge of it, they’ll be well equipped in times of the price retracement, instead of getting panic, they’ll see the retracement as an opportunity to accumulate more Bitcoin. You’re are having a misconception of the light I’m trying to portray. Let’s be realistic, no one will want to invest in something he or she doesn’t have basic knowledge of, the reason you’re more enthusiastic about Bitcoin is that you’ve gotten vast knowledge about it, you can’t compare yourself to newbie who is just coming into the system.

You ought to be specific on what you're advising someone to invest on, investing on Bitcoin makes lots of sense cause it's profitable and has long-term features but investing in crypto? I don't think you should do that since other coins asides Bitcoin has more risks when it comes to long-term investment goals, it seems people still confuse Bitcoin for the term crypto, Bitcoin is Bitcoin.

 Yes, knowing the basics doesn't mean you'll just know about Bitcoin but understanding it's concepts, how to manage the risks that are involved in it, understanding the different strategies for investing in it, including how to secure your portfolio, so introducing someone to Bitcoin is not just about telling them about buying and holding for long-term or when to sell.

[Shineup]

There is nothing wrong mixing up strategies when you have the enough leverages to do that, and I don't understand what you meant by it will lead to lack of concentration and a clear vision of your investment even when you have the financial strength to do so without struggling, one can be consistently buying Bitcoin with the dca, Lump sum and even buy the dip if all the preparations has been made at their convenient without seeing their investment as a burden and they have their other areas of life going well, it is all about what works for you or sit well for you as a person which might differ from that of others.

Doing DCA isn't something that everyone can do. It can be due to lack of awareness and maybe they do not have more money to invest in bitcoin. Regardless of whether anyone do DCA or invest in bitcoin at a single, the important thing is to believe in this investment and that bitcoin will move up but it can take time.

There are newbie investors who want to get rich quick and they do not like the price action as we have now like we pump a bit and then dump a lot more. Such things shouldn't make the investors panic sell or get bored out of this market. You need to be strong and believe in the long-term price action and that would be positive.

Yes of course if any investors or any newbies that want to embark on building his Bitcoin portfolio using DCA strategy should be the patient time because process were by DCA strategy is a means of buying small small requires more time and patience of any investors that want to use DCA strategy and if by any chance that any investors or newbies think of making quick money through Bitcoin investments in a short term period, such investors is really exposing him self into too risk and losing of income will be involved because a desperate heart also requires a desperate measure, so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

No strategy of accumulating Bitcoin assures investors from not losing what they have invested, DCA is only a strategy of buying bitcoin in a smaller quantity at regular intervals either weekly or monthly regardless of the price point, it changes the narrative of timing the market before buying, it mitigates volatility by buying on different price points
DCA or any other strategies does not assure all investors that they will not lose all they have invested with, strategies does not shade or protect or provide any level of security that will make investors from not losing what have invested when they don't put on the necessary security measures to secure their asset. The market is unpredictable with volatility it goes up and down, DCA or any other strategies does not control this volatility.

[ruykeri]

If you’re to advise someone to invest in Bitcoin or crypto, you’ll just teach the person to buy and sell without briefing that person on how to face the dip and pump?. You know fully well that when price retraces, as a newbie that started accumulating Bitcoin, he or she will start to panic when they don’t have a basic knowledge of how the price moves. But when they’ve got basic knowledge of it, they’ll be well equipped in times of the price retracement, instead of getting panic, they’ll see the retracement as an opportunity to accumulate more Bitcoin. You’re are having a misconception of the light I’m trying to portray. Let’s be realistic, no one will want to invest in something he or she doesn’t have basic knowledge of, the reason you’re more enthusiastic about Bitcoin is that you’ve gotten vast knowledge about it, you can’t compare yourself to newbie who is just coming into the system.

It seems to you said that before starting to invest in Bitcoin, you should learn everything well. What to do during the price dip and pump after investing in Bitcoin, it is not possible to learn before investing. At this time, real experience works more in making the right decision. If you learn some of the basic things before investing, then you should have an idea about fund management, self-custody and security issues. It is more important to understand yourself that the person who is investing will have to give importance to the source of his money, time, and mentality before investing. However, you should not spend so much time on anything, as a result of which many opportunities are missed. Because you will understand these things even after starting to invest. Therefore, if you want, you can start investing with a small amount of money. And you do not need to have vast knowledge in investment. What is needed in bitcoin investing is discretionary income. He must be sure that the money he is investing will not be of any use to him in the next 4-10 years. and Retracement works as an opportunity when the person has discretionary income.

[ZeroVinsonN]

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell because they lack knowledge and they don't know that is just a temporary thing but with the help of the basic knowledge they should be able to know and depict when the market is trying to fool or make them scared.

It is true that basic knowledge is important because without it, long-term investments in BTC will likely not go smoothly. Sometimes, when there is negative news, people panic and sell immediately, even though it is just a hoax because in reality, BTC always makes new all-time highs even when there is negative news.

However, based on the experience of some people, the reason why long-term investments in BTC are not sustainable is because the money used to buy BTC is not from discretionary income and is not money that is ready to be lost. That's why panic always occurs when the price of BTC drops, as people don't want the money they've invested in BTC to decrease.

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low, you don’t expect Bitcoin to just keep pumping and hitting ATH, there are times when price retraces after continuous series of hitting all time highs. If when the market retraces, you get panic attack and want to trade or sell your Bitcoin holdings then it’s obvious you’re working with a short term goal, and it’s not an ideal set up for an investor.

Yeah probably some might have invested more than their discretionary as you’ve said and there are many others that focused on investing their discretionary funds, mind you, from the early stage of your investment in BTC as someone with a long term goal, you might see your discretionary being invested as funds when lost wouldn’t really affect you, but as time goes on, and your discretionary is being stacked up for a long time you’ll realize it’s not something you can gamble with or let price retracement decide for you when to and when not to sell your Bitcoin holdings.
Try as much as possible to grow a thick skin over price movement and stick with using your discretionary funds to accumulate more Bitcoin via DCA.

I'm order to be a successful investor a person needs to understand that bitcoin as an asset is volatile and will experience price swings that can sometimes be very drastic, and in order for them to not fall into the panic of selling they need to invest with their discretionary income to ensure that they are as loosely attached to the funds as possible, this also plays into holding long term because if you have immediate plans for the money you are investing in bitcoin with then that investment is already on its way to ending in a disaster but over time you investment begins to grow and alot of people tend to think that this growth comes with fear of losing later on but to an extent (probably a small one) it's very likely that you have already seen a slight increase in value meaning that your investment is now worth more than what you initially invested and to some extent this will remove most of your initial fear of losing out because profit has been made and from that point on you will most likely see the potential that will come with continuous accumulation over even longer periods of time to generate even more profit.

[Finebone]

It seems to you said that before starting to invest in Bitcoin, you should learn everything well. What to do during the price dip and pump after investing in Bitcoin, it is not possible to learn before investing. At this time, real experience works more in making the right decision. If you learn some of the basic things before investing, then you should have an idea about fund management, self-custody and security issues. It is more important to understand yourself that the person who is investing will have to give importance to the source of his money, time, and mentality before investing.

In my own understanding, I think that the basic knowledge on Bitcoin and how to accumulate it is ok for a start, then along the line the investor can seek further knowledge on it and what is required or what needs to be in place, in other to be able to hold strong even when faced with real life emergencies, because of you think that you must know it all before starting out your investment, you may not even start at all because seeking for further knowledge can delay you in starting out your accumulation. So once you have the basic knowledge about it and how to accumulate it, their is no need beating around the bush, just start then you can seek further knowledge along the line.

[PhilosopherKing]

It's like learning how to swim vs doing it practically. No matter how much theory or videos you go through on how to swim, you will practically learn it when you jump into water. Likewise no matter how much we study about Bitcoin, DCA or long term investment, we will get the real  experience once we jump with some cash.

you are correct because reading topics and theories of bitcoin is good but reading alone won't make you understand bitcoin well. People can only understand bitcoin way better by getting their hands involved in accumulating it by doing the DCa for a cycle and more. To enjoy a longer accumulation the only cash that should be used to buy Bitcoin is the discretionary cash.

[Showlove01]

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low,

When someone says that you must have a basic knowledge on Bitcoin investment before starting out, what do you think the person is talking about?
You don't need to know all that you are talking off, like high and low, what you just needs to know is how to buy and accumulate Bitcoin, using your discretionary income to carry it out that's all,

If you’re to advise someone to invest in Bitcoin or crypto, you’ll just teach the person to buy and sell without briefing that person on how to face the dip and pump?. You know fully well that when price retraces, as a newbie that started accumulating Bitcoin, he or she will start to panic when they don’t have a basic knowledge of how the price moves. But when they’ve got basic knowledge of it, they’ll be well equipped in times of the price retracement, instead of getting panic, they’ll see the retracement as an opportunity to accumulate more Bitcoin. You’re are having a misconception of the light I’m trying to portray. Let’s be realistic, no one will want to invest in something he or she doesn’t have basic knowledge of, the reason you’re more enthusiastic about Bitcoin is that you’ve gotten vast knowledge about it, you can’t compare yourself to newbie who is just coming into the system.

You are right to some point but I want you to understand that having basic knowledge about how Bitcoin works is just an awareness which an investor should know before starting... but the ability for them not to sell and stay calm is there choice and determination to hold for long term because there are also investor who has this basic knowledge and yet panic and sell when Dip comes so it is mindset.. basic knowledge is just an awareness to inform you about what will happen so overcoming them is mindset and determination.