Buy Buy Buy or Sell Sell Sell?

[Silikiem]

~snip~
What's your take on this? Given the period we're in is it buy time or sell time?

It depends on what type of person (investor) you are. There are those who we call day traders, and they are looking for an opportunity for profit every day, and significant price changes in a very short period of time are something positive for them. For example, if you bought 1 BTC yesterday for $60k+, you could already sell it today for almost $68k, which is more than a great profit - now imagine what kind of profits those who trade with tens or hundreds of BTC make.

If you are an investor who invests for the long term, then any time is good for investment - even though investing during a bull run will not bring even close to the same profit compared to the profit that could be made if you invested during a bear market.

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

Whatever online is a scammers and done by scammers, then some learning yet ignorant bitcoin is a scam then few others, but for now bitcoins is an opportunity for youths to benefit from it, now one thing about bitcoins investment we need to be educate, then how bitcoin investment works so that they will not see it as scam longer it however telling people about bitcoin investment and it’s important is a actually a nice thing to do.

The post you’re replying is almost two years old which shows you’re not following up with the current discussions on the thread. But I’m glad you said In your statement that there are some traders who buys bitcoin and sell it when it rises, key word there is “traders”, they are traders and not real investors, they are only in for a cheap quick profit. And these are the set of people who brings bad image to bitcoin because of their impatience and wrong approach to bitcoin, when they buy the bitcoin in cheap rate hoping for it to increase instantly for them to sell, but instead of increasing the price keeps decreasing and falling down the more, they start lamenting, panicking and saying all sorts of bullshit about bitcoin there by causing the public to start having a wrong perception about bitcoin, some go as far as saying it’s a scam meanwhile they are the real problem here I mean those traders who are only in for quick money without knowing that bitcoin investment doesn’t work that way.

I’ll advise you focus more on figuring out a discretionary income to use and be buying bitcoin regularly with a long term mindset so that you won’t join them that say is a scam tomorrow. Even though nothing is guaranteed in bitcoin, but investing for the long term purpose of consistently or perhaps persistent accumulation of bitcoin and hold with your discretionary income have a more higher chance of achieving success in your investment.

[Bigjoe33]

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

Whatever online is a scammers and done by scammers, then some learning yet ignorant bitcoin is a scam then few others, but for now bitcoins is an opportunity for youths to benefit from it, now one thing about bitcoins investment we need to be educate, then how bitcoin investment works so that they will not see it as scam longer it however telling people about bitcoin investment and it’s important is a actually a nice thing to do.

Firstly, you should know that trading Bitcoin isn't the best way to go about Bitcoin investment and/or making profit. Short time gains from trading Bitcoin cannot be compared to the value of Bitcoin and profit a real investor will get if he buys and Hodl for long term. So the best way to go about bitcoin is purely on investment, buying within your discretionary income and then HODL for long. That is a better way to go about it and not replying on cheap pump in price of Bitcoin like the traders do.

Secondly, you shouldn't go around telling people about Bitcoin and inviting them to join investment with promises that they will make wbouyhain if they start investing, no! Such act will only put you in trouble if after they joined, and started buying bitcoin and the price starts declining as the character is. I believe Bitcoin has done so great for himself globally that interested person would see and want to get involved ordinary without been invited to join. And even though they come to you seeking help to join, you must be very careful and spelling out that investments are ups and down, risky and is not always steady in price. This will help them know that they would not always expect growth in price but also expect fall in price sometimes. This will help increase there risk management practice and learn better ways to go on with there investments

[Popkon6]

There is no perfect time to invest in bitcoin as it is traders mentality. Traders belief the perfect time to invest in bitcoin is when the price decline which is misleading. Bitcoin dips can't be predictable it can happen anytime. What if the the next bitcoin dip occurs after 1 year time, that means you won't accumulate bitcoin at all during that times. Don't you know when you wait you might miss several opportunities to accumulate bitcoin and you might end up not accumulating bitcoin again.

You can decide to buy when the price is high or low in the market , but the most important thing is that make sure you are not selling out your bitcoin in a short term because it will not allow you to make income from bitcoin like you hold for long years before you  see, We know that funds has one kind spirit, if you don't use the funds on time to buy bitcoin you may spend the funds on house things without you use the funds to buy bitcoin and hold for like four or five years before you can plan to release them for sale, base on some sign in the market, I think this red candle light will make the price of bitcoin to decrease below $70k for short term and long term holders to know the long bearish season is here again because that is what is majority of buyers are waiting to see next month to accumulate moore bitcoin.

i think it is better we just leave it that it is better to buy bitcoin when our discretionary income is available instead of advising to decide to buy when the price is high or low. i am saying this because it can mislead newbies into deciding on buying when the price is low and that still means they will wait for the price to go very down before buying bitcoin which is not the right approach they should follow when investing as a long term investor. buying bitcoin should be decided only when the discretionary income is ready and not deciding when the price is high or low because youre not the one controlling the price, your own is just to focus on getting discretionary income to use and buy anytime

You are confusing yourself and trying to confuse other newbies. DCA method is the best, yes I believe that the market is not controlled by anyone. So if you invest Bitcoin weekly by following the DCA method, this will be the best strategy to invest in Bitcoin. So if you are good at discretionary income, then you must follow the DCA method and create an emergency fund to keep the holding safe along with Bitcoin holding according to the DCA method.
In this, your money will be used properly and dip will be purchased regularly from the market, so your discretionary income will remain and at the same time you are accumulating Bitcoin, this will be the most suitable strategy.

[Humblevirus]

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

What you mean now is that there are some people who are investors and traders at the same time. I have also heard about them before, but how many succeed at the end? I will say it is hard to find few of them. It is not a good idea for someone to be an investor and at the same time be a trader again beecause it is very possible to face serious losses in trading. They may exhaust their trading funds as they planned, and then tamper with their Bitcoin investment, which can still lead them to lose everything again.

So it is better to focus on Bitcoin investment and just forget about trading. In fact, it is known to almost everyone that trading is not that easy to make money from. Most of those people claiming they are making it big from trading are lying. They are using other people’s money to cover up, just to attract the attention of others so they can sell their trading courses or gain followers on social media.But as long as someone has a long term Bitcoin investment plan, it is more likely they will make a profit in the end.

[Floczy]

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

Whatever online is a scammers and done by scammers, then some learning yet ignorant bitcoin is a scam then few others, but for now bitcoins is an opportunity for youths to benefit from it, now one thing about bitcoins investment we need to be educate, then how bitcoin investment works so that they will not see it as scam longer it however telling people about bitcoin investment and it’s important is a actually a nice thing to do.

If you have followed this discussion or tried to pay attention to read through you will observe that no one cares about trading here. Trading is not an investment, it is wrong for an investor to practice trading and still call it investment. You also speak of Bitcoin like it is an easy spin wheel to ride on, Bitcoin is like a rollercoaster, things happen, price fluctuations come, no smooth ride is promised. But if you are discipline enough to do the right thing you will reduce risk and stay long enough to benefit from it.

What you should know is, traders and investors are not doing the same thing, most folks get it all mixed up. Trading requires you to time the market which you are not supposed to do that when you are investing. If you check the most successful Bitcoins investors historically are not frequent traders, they were those who understand what they were holding and see reasons not to sell off without any fundamental reason.

Yes, there are real scammers out there, yet there are still ignorance people. Scam can be an excuse for them not willing to invest in Bitcoin. This people don't care to spare their time to understand the nature of Bitcoin. They know nothing about decentralization. I think I have said enough here, it is left for you to do your own proper research so that you will get things mixed up, to avoid mistakes as a newbie.

[Jamestown70]

~snip~
What's your take on this? Given the period we're in is it buy time or sell time?

It depends on what type of person (investor) you are. There are those who we call day traders, and they are looking for an opportunity for profit every day, and significant price changes in a very short period of time are something positive for them. For example, if you bought 1 BTC yesterday for $60k+, you could already sell it today for almost $68k, which is more than a great profit - now imagine what kind of profits those who trade with tens or hundreds of BTC make.

If you are an investor who invests for the long term, then any time is good for investment - even though investing during a bull run will not bring even close to the same profit compared to the profit that could be made if you invested during a bear market.

I understand you more, there are some trader that always buy bitcoins keep some when it rise they will sell it and gain there profit and they are looking for opportunities of profit everyday, if we really understand how to run bitcoins and how to benefit from it, then we will benefit from bitcoins without making other investments.

Whatever online is a scammers and done by scammers, then some learning yet ignorant bitcoin is a scam then few others, but for now bitcoins is an opportunity for youths to benefit from it, now one thing about bitcoins investment we need to be educate, then how bitcoin investment works so that they will not see it as scam longer it however telling people about bitcoin investment and it’s important is a actually a nice thing to do.

Wow….. What a great idea you’ve got. If you keep up this mindset of yours, you’ll be doing yourself and your portfolio and very good job of bringing your Bitcoin portfolio to nothingness, that’s if you’ve already started accumulating bitcoin though. If you really want to be profitable with Bitcoin, then I suggest you get rid of every form of gambling while accumulating Bitcoin.

[ChocolateBitcoinK]

There is no perfect time to invest in bitcoin as it is traders mentality. Traders belief the perfect time to invest in bitcoin is when the price decline which is misleading. Bitcoin dips can't be predictable it can happen anytime. What if the the next bitcoin dip occurs after 1 year time, that means you won't accumulate bitcoin at all during that times. Don't you know when you wait you might miss several opportunities to accumulate bitcoin and you might end up not accumulating bitcoin again.

You can decide to buy when the price is high or low in the market , but the most important thing is that make sure you are not selling out your bitcoin in a short term because it will not allow you to make income from bitcoin like you hold for long years before you  see, We know that funds has one kind spirit, if you don't use the funds on time to buy bitcoin you may spend the funds on house things without you use the funds to buy bitcoin and hold for like four or five years before you can plan to release them for sale, base on some sign in the market, I think this red candle light will make the price of bitcoin to decrease below $70k for short term and long term holders to know the long bearish season is here again because that is what is majority of buyers are waiting to see next month to accumulate moore bitcoin.

i think it is better we just leave it that it is better to buy bitcoin when our discretionary income is available instead of advising to decide to buy when the price is high or low. i am saying this because it can mislead newbies into deciding on buying when the price is low and that still means they will wait for the price to go very down before buying bitcoin which is not the right approach they should follow when investing as a long term investor. buying bitcoin should be decided only when the discretionary income is ready and not deciding when the price is high or low because youre not the one controlling the price, your own is just to focus on getting discretionary income to use and buy anytime

You are confusing yourself and trying to confuse other newbies. DCA method is the best, yes I believe that the market is not controlled by anyone. So if you invest Bitcoin weekly by following the DCA method, this will be the best strategy to invest in Bitcoin. So if you are good at discretionary income, then you must follow the DCA method and create an emergency fund to keep the holding safe along with Bitcoin holding according to the DCA method.
In this, your money will be used properly and dip will be purchased regularly from the market, so your discretionary income will remain and at the same time you are accumulating Bitcoin, this will be the most suitable strategy.

Basically, we have to determine a reasonable strategy according to our capabilities, especially the strategy that we can manage better and more consistently. Not all strategies are suitable for everyone, we have to determine the strategy according to our income situation and mental risk-taking ability and invest through it.

First, determine the continuous investment strategy, because the continuous investment strategy is the most suitable, and then you invest through more different strategies according to your capabilities, such as buying DIPs according to the opportunity. However, along with determining the strategy, we have to keep emergency situations in mind, we have to keep our investments intact in any time of danger. And for this, we have to create protection for it.

[Father111]

This reminds me of a trend some years backwhen I had no knowledge or known much about btc,a friend stacked a reasonable amount with sole aim of growing his investment for a long period of time,maybe 5 to 7 years according to him back then he started with about 300$ ,but at the long run lack of discipline and dependency ruined his big plan,he always fall back to alter the investment so he can solve his pressing demands,,,for me to grow your btc for that space of 5 to 6 years you need patience,set financial boundaries and always have a reserve  finance for other expenses by so doing the sky is your stepping stone.

Maybe your friend's discretionary income wasn't up to $300 but he invested with it anyway and that's what's always been talked about in this thread and others like it, don't invest in bitcoin beyond what your discretionary income can handle and then there is his plan of investing for 5 to 7 years which is over 1 cycle but under 2 and is still a short timeframe for a person to invest in bitcoin with and make substantial profit from it, of course profit would have been made depending on when you friend's 5 to 7 years plan fell into within the last 15 years but that still doesn't mean his idea was very smart, he invested in bitcoin outside of his discretionary income (probably) and then had plans of selling a bit too early to and ultimately couldn't even HODL for that time period.
Discipline should never be underestimated when investing in bitcoin but we should also be sure to know the kind of money we invest with, when you invest outside the bounds of your discretionary income you risk having to sell too early to get the money back and sometimes you end up selling at a loss because of the singular mistake of not investing with your discretionary income.

I agree with you totally, however that his friend also failed to grow an emergency funds which would have helped him to sort those challenges that made him rush is Bitcoin investment and finally destroyed his investment, as a result of lack of prudent planning, patience.