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.

[NKminer66]

Selling too early don't look like an error to them, especially when they make profit in that moment. Too bad, many folks are caught up in this moment, time upon time. In reality this set of persons are literally guys who would do anything for short term profit, they really don't obey the fundamentals, principles, trends and influences on bitcoin. What pushes them to sell are not enough good reasons, just green candles and they all out.

Honestly, the real mistake they make isn't selling some of their bitcoin. The real mistake here is selling without a compelling reason tied to the fundamentals and not the price soaring high.

I do remember when you made one statement, I don't know if you do remember, you said "if your entire plan is to sell when in profit, you never really had a plan from beginning". Yes, i do agree with you there. Irrespective of the fact that one day we will tend to some part of our accumulated bitcoin, selling was never our initial plan. Investors who understand the market dynamics do not go with the mindset of selling, rather with the mindset of accumulating more bitcoins.

There is nothing wrong with having selling in mind, even though most likely the main idea of selling would likely be quite further into the future, such as more than 10 years (except for folks with age/health issues that cause the timeline to be shorter), also most likely the empowerment of bitcoin comes from sustainable withdrawal rather than one time withdraw, since unless a person is close to death or has health issues, he would likely want to keep most of his wealth in bitcoin and just draw upon it from time to time, even if he starts to draw a monthly income from his bitcoin.

Such things happen, sometimes when we get sick, it seems like you are old or you will get sick. We should run Bitcoin for a long time, if we think something will happen to us, we should tell our loved ones about Bitcoin and tell them. If you want to give it, then fine, if you want everyone to benefit from it, then everyone should know about it. In my opinion, we can live our lives with Bitcoin. If we really understand how to run Bitcoin and how to benefit from it, then we will benefit from Bitcoin without making other investments. Although Bitcoin is more and it is getting benefits, it is better to get out of it because if life ends and Bitcoin is not profitable, if we have been seeing it from investment in 2015 or 2020, it is not profitable. It is better to sell Bitcoin and rest.

Holy shit, NKminer66.

When I was referring to age and health affecting our investment timeline, I was considering reasons why a newbie might go into bitcoin and not be able to commit to investing into bitcoin for more than 10 years.  He might have limits on his income and/or his abilities to earn in the present and even expected in the future based on age and/or health considerations.

You seem to be referring to figuring out how a person might deal with some sickness that comes up at some point after the person had already been investing in bitcoin, yet you did not specify any particulars except mentioning examples of a guys who might have started investing in 2015 or 2020, and for sure there is a big potential difference between folks who had gotten started investing in 2015 as compared with 2020, and surely if someone had already spent quite a bit of time accumulating bitcoin, then the do not necessarily have to sell it right away, even if they might get put into a health position in which they are not able to invest more into bitcoin.

The automatic solution is not necessarily selling the bitcoin, since the extent to which selling most or all of the bitcoin stash may well depend on circumstances - since age and health may not necessarily result in more expenses, even though it may result in dried up (or lessened) income.

Another thing is that a person can have bitcoin and be sick at the same time.  Being sick does not disqualify a person from holding bitcoin.  That was just a silly statement from you and perhaps presumed that the person had not accumulated much if any bitcoin at the time that they became sick.

I think you misunderstood me. What I meant was that if someone fears that they are in the last stages of their life or suffering from a disease that cannot save their life, they should sell their Bitcoin or tell a loved one. It will not harm them because they have earned Bitcoin with a lot of hard work. And I am not talking about ordinary people, but about big investors and whales. Even if they die, their millions of Bitcoin will be like someone who forgot their password. So it is better for them to tell someone who has the right to it. I am never saying that one should sell Bitcoin in case of illness. I am just saying that if it seems that Bitcoin should be used for a long time, they should tell a loved one who can use it in a timely manner.

[IceLincoln]

Holy shit, NKminer66.
When I was referring to age and health affecting our investment timeline, I was considering reasons why a newbie might go into bitcoin and not be able to commit to investing into bitcoin for more than 10 years.  He might have limits on his income and/or his abilities to earn in the present and even expected in the future based on age and/or health considerations.

And I think this is very worthy of discussion in this forum because as you said as beginners they certainly won't invest for 10 years or even more. Sometimes beginners with their limited financial capabilities or their abilities as beginners simply can't achieve the results they expect. Because someone's abilities especially for beginners are quite difficult to invest further which can take a long time. Therefore investing commitments require special consideration.

Wow!.. do you even understand what you’re replying to cos your view of it is off, very off.
I’m just wondering how you read that and what you took out of it is that beginners or newbies are limited by their abilities and can’t achieve their expected results.
Because someone is a newbie doesn’t mean he’s poor or isn’t capable to invest enough. One can be a newbie to bitcoin investment but not to the crypto market.
There’s no limit to how long a beginner will be in the market so long as they have the right knowledge and mindset and willingness to improve daily, they can achieve all their set goals.

[ZeroVinsonN]

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.

Newbies also need to understand that while being consistent in toy bitcoin investment is very necessary it's doesn't necessarily mean you have to force yourself into an impossible situation of constantly trying to buy every other week at the same price using the DCA, we understand that a person's discretionary can change over time and in some cases it might actually reduce and then making it impossible for an investor to keep investing as aggressively as they were with the discretionary income available to than at that time, in situations like this people especially newbies might be pushed to look for an alternative source outside of their discretionary income because they want to remain consistent and not slack off but they should be careful to watch out for situations like this, DCA doesn't necessarily mean you have to maintain a particular over a strict investment timing, it's actually more flexible and allow for adjustments to how much you invest each time you invest and how much time in-between investments, if you can afford to invest strictly on a weekly basis then you can also work with an irregular schedule especially when you are not sure enough about keeping your discretionary income at hand.
You can invest weekly or monthly or biweekly or even in a mixed manner as long as it works well for you, every way na way as we would say in my local pidgin English.

[I_Anime]

Holy shit, NKminer66.
When I was referring to age and health affecting our investment timeline, I was considering reasons why a newbie might go into bitcoin and not be able to commit to investing into bitcoin for more than 10 years.  He might have limits on his income and/or his abilities to earn in the present and even expected in the future based on age and/or health considerations.

And I think this is very worthy of discussion in this forum because as you said as beginners they certainly won't invest for 10 years or even more. Sometimes beginners with their limited financial capabilities or their abilities as beginners simply can't achieve the results they expect. Because someone's abilities especially for beginners are quite difficult to invest further which can take a long time. Therefore investing commitments require special consideration.

Wow!.. do you even understand what you’re replying to cos your view of it is off, very off.
I’m just wondering how you read that and what you took out of it is that beginners or newbies are limited by their abilities and can’t achieve their expected results.
Because someone is a newbie doesn’t mean he’s poor or isn’t capable to invest enough. One can be a newbie to bitcoin investment but not to the crypto market.
There’s no limit to how long a beginner will be in the market so long as they have the right knowledge and mindset and willingness to improve daily, they can achieve all their set goals.

Exactly they make it sound like the newbies are into bitcoin to start making money from it just like that , being a newbie doesn’t mean that they are not financially buoyant (yeah they are some that are not though even for old users still) so what am trying to say is that some newbies maybe new to this space but they have other sources that would help them build their a smooth investment in bitcoin , and is not necessary that they would stay till 10 years before reaching their accumulation goal some can finish their accumulating phase in the range of 4 yrs and decide to hold Aslong as they want .

[Agbam]

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.

There’s nothing Confusing or misleading in what he has written, maybe you’re the one not understanding it or not reading it correctly.

The best way to go into bitcoin is using your discretionary money and implementing the DCA strategy… this is the same thing he said which you’re also repeating in a way.

Your first few lines carry the point you’re making, I don’t seem to understand the rest of it like what do you mean “so if you’re good at discretionary income.. is it being good in sorting out your discretionary?. And the last paragraph!!?.

[Obulis]

Selling too early don't look like an error to them, especially when they make profit in that moment. Too bad, many folks are caught up in this moment, time upon time. In reality this set of persons are literally guys who would do anything for short term profit, they really don't obey the fundamentals, principles, trends and influences on bitcoin. What pushes them to sell are not enough good reasons, just green candles and they all out.

Honestly, the real mistake they make isn't selling some of their bitcoin. The real mistake here is selling without a compelling reason tied to the fundamentals and not the price soaring high.

I do remember when you made one statement, I don't know if you do remember, you said "if your entire plan is to sell when in profit, you never really had a plan from beginning". Yes, i do agree with you there. Irrespective of the fact that one day we will tend to some part of our accumulated bitcoin, selling was never our initial plan. Investors who understand the market dynamics do not go with the mindset of selling, rather with the mindset of accumulating more bitcoins.

There is nothing wrong with having selling in mind, even though most likely the main idea of selling would likely be quite further into the future, such as more than 10 years (except for folks with age/health issues that cause the timeline to be shorter), also most likely the empowerment of bitcoin comes from sustainable withdrawal rather than one time withdraw, since unless a person is close to death or has health issues, he would likely want to keep most of his wealth in bitcoin and just draw upon it from time to time, even if he starts to draw a monthly income from his bitcoin.

Such things happen, sometimes when we get sick, it seems like you are old or you will get sick. We should run Bitcoin for a long time, if we think something will happen to us, we should tell our loved ones about Bitcoin and tell them. If you want to give it, then fine, if you want everyone to benefit from it, then everyone should know about it. In my opinion, we can live our lives with Bitcoin. If we really understand how to run Bitcoin and how to benefit from it, then we will benefit from Bitcoin without making other investments. Although Bitcoin is more and it is getting benefits, it is better to get out of it because if life ends and Bitcoin is not profitable, if we have been seeing it from investment in 2015 or 2020, it is not profitable. It is better to sell Bitcoin and rest.

Holy shit, NKminer66.

When I was referring to age and health affecting our investment timeline, I was considering reasons why a newbie might go into bitcoin and not be able to commit to investing into bitcoin for more than 10 years.  He might have limits on his income and/or his abilities to earn in the present and even expected in the future based on age and/or health considerations.

You seem to be referring to figuring out how a person might deal with some sickness that comes up at some point after the person had already been investing in bitcoin, yet you did not specify any particulars except mentioning examples of a guys who might have started investing in 2015 or 2020, and for sure there is a big potential difference between folks who had gotten started investing in 2015 as compared with 2020, and surely if someone had already spent quite a bit of time accumulating bitcoin, then the do not necessarily have to sell it right away, even if they might get put into a health position in which they are not able to invest more into bitcoin.

The automatic solution is not necessarily selling the bitcoin, since the extent to which selling most or all of the bitcoin stash may well depend on circumstances - since age and health may not necessarily result in more expenses, even though it may result in dried up (or lessened) income.

Another thing is that a person can have bitcoin and be sick at the same time.  Being sick does not disqualify a person from holding bitcoin.  That was just a silly statement from you and perhaps presumed that the person had not accumulated much if any bitcoin at the time that they became sick.

For sure what NKminer66 dropped  is a holy shit.
Unconcluded points here and there that has left room for plenty question.
Should someone not build an extra source of income since they have Bitcoin investment? Because somehow and sometimes extra source of income is usually needed to sustain Bitcoin investment.
What kind of sickness should actually make someone sell their Bitcoin?
I begin to wonder why NKminer66 is really projecting fear by encouraging sales of Bitcoin because of sickness?

[NKminer66]

For sure what NKminer66 dropped  is a holy shit.
Unconcluded points here and there that has left room for plenty question.
Should someone not build an extra source of income since they have Bitcoin investment? Because somehow and sometimes extra source of income is usually needed to sustain Bitcoin investment.
What kind of sickness should actually make someone sell their Bitcoin?
I begin to wonder why NKminer66 is really projecting fear by encouraging sales of Bitcoin because of sickness?

I am not afraid of anything, if I tell someone that they are sick, they should sell Bitcoin. I have said that if someone fears that I will die now or that in this state I will not be able to handle Bitcoin or the busy tasks of my life, then they should sell Bitcoin or give it to someone close to them so that Bitcoin can continue to grow its investment for a long time. I am not willing to sell Bitcoin for a small profit, nor do I scare anyone. To run Bitcoin for a long time, we need a long chain of life so that our investment and the growth of Bitcoin can increase and we can be counted among those people.

[Joeboy]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

[Tmoonz]

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.

Newbies also need to understand that while being consistent in toy bitcoin investment is very necessary it's doesn't necessarily mean you have to force yourself into an impossible situation of constantly trying to buy every other week at the same price using the DCA, we understand that a person's discretionary can change over time and in some cases it might actually reduce and then making it impossible for an investor to keep investing as aggressively as they were with the discretionary income available to than at that time, in situations like this people especially newbies might be pushed to look for an alternative source outside of their discretionary income because they want to remain consistent and not slack off but they should be careful to watch out for situations like this, DCA doesn't necessarily mean you have to maintain a particular over a strict investment timing, it's actually more flexible and allow for adjustments to how much you invest each time you invest and how much time in-between investments, if you can afford to invest strictly on a weekly basis then you can also work with an irregular schedule especially when you are not sure enough about keeping your discretionary income at hand.
You can invest weekly or monthly or biweekly or even in a mixed manner as long as it works well for you, every way na way as we would say in my local pidgin English.

The most important is that you are buying and not just buying but buying under the umbrella of your discretionary income, of course there is nothing wrong if you can maintain a strict order of buying such that it doesn't influences your other areas of life negatively, if investment is given the due accordance then it should approach with so much flexibilities where you don't get to be worried whenever you where not able to buy at the moment of no discretionary income available since you know you can do that at whenever you have, investment is for long term hence one needs all the peace of mind to carry out his investment in the long run without seeing it as a burden or anything of such.

[Cleanslate_]

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.

To the best of my knowledge and the best strategy to adopt in the bitcoin investment is the dca strategy, it is suitable for everyone in as much as you have your discretionary income available with you to start your investment, most especially for newbies that are looking for how to comfortable invest without any problems, because it helps you build up your portfolio gradually without any stress and helps you to be more focused in purchasing and accumulation of more bitcoin to your portfolio until you are financially stable and chose to change your strategy and if you still want to continue with your dca strategy no problem

[Princess Leah]

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Anyone who uses sickness as an excuse for not being able investment in Bitcoin is not serious especially when the sickness is curable and not something that would put the person in a critical condition whereby they can't buy even when they have their funds intact to buy, some people don't know that emergency fund is what is being used to handle such emergency situations and not the other way round.

 Maybe the person feel that he/she won't have the available funds to invest when they're sick but no it's the emergency funds that's used to handle such situations, ignorance has really given people the wrong impression about Bitcoin investment, that's why it's important to know the basics before investing.

[JayJuanGee]

[edited out]

I think you misunderstood me. What I meant was that if someone fears that they are in the last stages of their life or suffering from a disease that cannot save their life, they should sell their Bitcoin or tell a loved one. It will not harm them because they have earned Bitcoin with a lot of hard work. And I am not talking about ordinary people, but about big investors and whales. Even if they die, their millions of Bitcoin will be like someone who forgot their password. So it is better for them to tell someone who has the right to it. I am never saying that one should sell Bitcoin in case of illness. I am just saying that if it seems that Bitcoin should be used for a long time, they should tell a loved one who can use it in a timely manner.

You are not saying anything materially different from what I said that you were saying, including that I was referring to potential limitations on getting into bitcoin investing based on age/health considerations. I explained it a second time in my second post, but you continue with your new topic that was largely irrelevant and a new topic that's related to some other issue since you are talking about some whole different topic related to if some health issue (or potential death issue) comes up after a person had already been investing in bitcoin for a while.  

Different topic and not really so much related to the ideas about our discussions of bitcoin accumulating and considerations that go into accumulating bitcoin.

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

If a person gets sick at some point after accumulating bitcoin, then he well may need to consider if he is going to discontinue accumulating bitcoin, or just to maintain the bitcoin he has or perhaps to consider selling some of it or all of it.  

Those kinds of questions seem to go beyond what we are discussing in this thread, since we are talking about accumulating bitcoin, and so yeah, we know that circumstances could change after a person had already begun accumulating bitcoin or even some point several years down the road after he had been accumulating bitcoin for a while.

A person who already has bitcoin has more options rather than if he did not have bitcoin, yet the solution is not ONLY selling the bitcoin or telling someone about the bitcoin, even though those could be possible solutions, and surely any of us could run into situations in which our circumstances had changed - even though I had not originally brought up the topic of age and/or health changes after already starting to invest in bitcoin, but instead I was talking about reasons that a person who is elderly or who has health considerations might choose to invest into bitcoin in less than 10 year timeframe based on their health and/or age considerations, which surely such newly developing health circumstances could develop after a person had already begun investing in bitcoin, yet it might not justify selling the bitcoin that had already been accumulated.. yet details would depend upon the individuals already existing circumstances.

I frequently like to suggest that every single time a person buys new bitcoin, they should be consider that new purchase as having a 4 -10 year or longer timeline, yet surely age and/or health circumstances might not be able to allow a person to commit to 4 years or longer, so maybe such person would choose to not invest more into bitcoin based on newly developed our found out circumstances. We cannot necessarily conclude how the guy should treat his newly developing circumstances... or maybe creeping up circumstances and/or new assessments of developments in circumstances.

Being sick does not disqualify a person from holding bitcoin.  .

That's spot on sir...Sickness should never be a barrier to accumulating Bitcoin..Human being are prone to get sick, that's part of our nature. And if folks then stop accumulating just coz they are not in perfect health, then I doubt it anyone would even own any Bitcoin at all....This is why creating emergency funds is very important so that in case where sickness comes up, folks can use it to sought out their medical expenses without having to touch their Bitcoin...

Anyone who uses sickness as an excuse for not being able investment in Bitcoin is not serious especially when the sickness is curable and not something that would put the person in a critical condition whereby they can't buy even when they have their funds intact to buy, some people don't know that emergency fund is what is being used to handle such emergency situations and not the other way round.

 Maybe the person feel that he/she won't have the available funds to invest when they're sick but no it's the emergency funds that's used to handle such situations, ignorance has really given people the wrong impression about Bitcoin investment, that's why it's important to know the basics before investing.

For sure age and health could be reason to NOT buy bitcoin or to even have expected investment timelines that are less than 10 years.  People have to make those kinds of determination in regards to their abilities to invest into bitcoin or even whether to continue to invest in bitcoin once they had already started.

We cannot automatically poo poo anther person's decisions in regards to whether or not they have determined whether they are able to invest in bitcoin based on timeline considerations (or if they determine that they cannot), even if they might know that they have available discretionary funds and common sense. Sure they might be right or wrong in their own assessment of their circumstances, yet those are still individual judgement calls that folks do not always get correct, but they have to live with the consequences of their choices.