Buy Buy Buy or Sell Sell Sell?

[ruykeri]

Do you understand what discretionary means is? It is simply the money that remains to a person after he has paid taxes and closed all mandatory expenses. Well, like "free" money - not for food and rent, but for something else.

And with these very "free" money you can do different things:

Pamper yourself with something not really necessary, but pleasant;

try to invest somewhere.

Now about Bitcoin. no one can control how it works and what affects it. It’s just a fact. But if you decide to invest in bitcoin - great, just do it wisely.

The main principle: invest only the money you can really afford to lose. That is, exactly those discretionary funds. No credits, no money from the "black day savings". Just calculate your capabilities, make a plan - and act. So you can start your journey in the world of bitcoin investing without any risk.

It is true that Bitcoin should be invested only with discretionary income. If you invest with the required amount of money, the possibility of investing for a long time is less. And most of the time you have to sell it. But when you say that there will be no risk in investing in Bitcoin, it is actually not true. There will be risk in Bitcoin. There are many things like volatility, maintaining a mental state, protecting yourself from panic selling. They really create a risky situation. However, if you can invest for a long time without taking any kind of risk, then the possibility of success in the future increases. But in that case, you have to keep strong income sources, back-up funds and a long-term mentality.

[Charcol]

Except you’re having a shot term goal which I’m certain won’t be profitable with Bitcoin.

If you think you can wait long or have that patience, there are surely other coins in th crypto space you can venture into which can help you make profit in a short period of time.

In terms of new investments, your point is actually the root of the Problem.Here we are more comfortable discussing Bitcoin. However, since you are also comparing altcoins with Bitcoin, I have to say here that most altcoin price increases in the crypto market are mainly based on speculation, hype and trends. They do not run on a solid fundamental basis like Bitcoin. As Bitcoin has proven itself, no other altcoin has been able to give people the opportunity that Bitcoin has to offer, to my knowledge. Maybe some people have made temporary gains. You may know that out of the thousands of altcoins that have come to the market, very few survive in the long term. Most of them become useless within a few months or a few years, or disappear from the market completely. So they are nothing more than shitcoins to me personally.

[barisbilgili]

Except you’re having a shot term goal which I’m certain won’t be profitable with Bitcoin.

If you think you can wait long or have that patience, there are surely other coins in th crypto space you can venture into which can help you make profit in a short period of time.

In terms of new investments, your point is actually the root of the Problem.Here we are more comfortable discussing Bitcoin. However, since you are also comparing altcoins with Bitcoin, I have to say here that most altcoin price increases in the crypto market are mainly based on speculation, hype and trends. They do not run on a solid fundamental basis like Bitcoin. As Bitcoin has proven itself, no other altcoin has been able to give people the opportunity that Bitcoin has to offer, to my knowledge. Maybe some people have made temporary gains. You may know that out of the thousands of altcoins that have come to the market, very few survive in the long term. Most of them become useless within a few months or a few years, or disappear from the market completely. So they are nothing more than shitcoins to me personally.

Except for top Altcoins like BNB, ETH, or SOL, I think it's better to choose Bitcoin for long-term investment and forget about trying to make quick profits from Altcoins; that's basically gambling and it's the wrong approach if you want to understand crypto as a whole. I think for a beginner, it's quite simple: read a lot on this thread and follow positive advice from some friends here, and I'm sure everyone will find good references.

[Hardyrobust]

Buy at the market fall, don't miss out on this target, then also sell at the market rise, don't get confused and fail to wait till this is achieved, we can always be profitable only when we understand the timing to use for each of our decision in buying and selling.

Some cant show a cognate reason to why they must speculate and buy at a particular stage where the market fall, because they lack the understanding of how the market overall performance looks like, then how would they be well positioned for selling in profits when the necessary things are not in place for them to earn more instead of losing, this is the main reason we can discover that some are in profits while some on losses at each stage of the market.

This is  pure trading to buy when the market is low and to sell when it is high. This is very risky and I won't advise anyone to toll this lane instead the best thing is to invest in bitcoin for a long term. However, long term investment may not guarantee success but it is nothing compared with trading.
There is no way you can perfectly time the market at all time , it is only when luck seen to be on your side which can't be all the time. Trading bitcoin is more like gambling with bitcoin because without luck being on your side it will be impossible to make any profit from trading.

[Obulis]

For those just starting to invest in Bitcoin, I don't think there's any need to think about selling their Bitcoins. Why would they? We're still in the early stages of our investmentt. Therefore, we need to focus more on accumulation. Believe me, if we think too much about selling our Bitcoins, sooner or later,, I'm sure they'll be tempted to sell. Therefore,, we don't need to worry about selling, as we're still in the early stages of our investment. The key is to be patient and avoid rushing into small profits. This is an investment, and investments won't be successful overnight. Therefore, focus and remain focused on accumulation.

You are absolutely correct bro, a newbie investor have no business thinking about selling his Bitcoin holdings because that is a critical stage he should be accumulating and building up a reasonable stash of Bitcoin, than messing around and be checking if he is in a profit or not, besides, why would a reasonable Bitcoin investor be thinking of selling when he hasn't build a huge stash of Bitcoin, since it's what determine how profitable an investor may be.

The only time an investor should contemplate selling and taking profit is when he has gotten to his over accumulation status, and when taking profit, he should not take profit more than necessary, that will take him far below his over accumulation status, because it's too bad to accumulate for years and use just one day to sell everything off and become a no coiner overnight.

As a newbie, when will it even be enough time to talk of selling if not with the gambling agenda in mind? It is probably these mindset that make a newbie who just started accumulation journey to think of selling. And to think of it, even if they went on lump sum, it's still the same mindset that will make them think of selling.

Selling of every Bitcoin and becoming a newbie as per no Bitcoin again and starting accumulation afresh is what I don't want to even imagine because that idea to me is unacceptable.

[Cossyblack]

Waiting before buying has never been a good accumulating strategy because no one knows when the value of Bitcoin might dip, because at the point of waiting, you are likely going to miss so many buying opportunities you would have utilize to buy and accumulate some stash of bitcoin. The only reasonable way to buy the dip is by accumulating it consistently, then if the dip comes, you may decide to buy aggressively then with your reserve funds, but waiting to buy the dip when you are just starting starting your accumulation is not wise at all.

Waiting before buying bitcoin is not an accumulating bitcoin strategy,it is a tactics often used by traders to buy bitcoin at lower rates. Waiting before buying is not a strategy for accumulating bitcoin and any person using such tactics to buy bitcoin is a trader. To me, DCA strategy is the most convenient strategy for accumulating bitcoin because you buy bitcoin consistently and regardless of Dips. By DCAing, your focus isn't on timing the market for the perfect price rather consistently accumulating bitcoin for the long term

[Jamestown70]

That's just it, simple and clear. You as an investor in Bitcoin, it is difficult to make major or good profit if you're focused on short term goals. If you think you can wait long or have that patience, there are surely other coins in th crypto space you can venture into which can help you make profit in a short period of time.
Bitcoin as an asset is something that is just like a Mango Tree which takes time to fully develop. It requires patient and constant work (watering) for it to grow into what you expect from it. The same way is how you need to be patient, consistent in accumulation and focused on the future if you want to profit from Bitcoin.

Are you kidding me. Pls don't mislead newbies with those bolded statements of yours abobe. Apart from bitcoin no coin is promising in the long run.

And it is very disappointing how you personally bolded my statement and then say just the opposite of what it meant. If you can take a few minutes of the time you used to write everything you wrote and calmly read to understand my POV, you'll get it right that I have stated it clear there that Bitcoin is an asset that is designed for long term investment and it requires patient and consistency but if you don't have that patience to be there, there are other coins which you can invest in on the crypto space to earn in a short period of time.

I never said there are other coins that can give you profit on a long run but rather I said it out clearly that it is on a short period of time. Most of the new investors today are the types that immediately they buy Bitcoin, their minds and eyes are always on the price of the market and how the price movement of the Bitcoin they have in their wallet is they constantly open their wallets and even refresh it over and over because of their lack of understanding and patience. If then they have the eyes and mind to be always observant, then Bitcoin is not for their type of persons so they should just invest in other shitcoins and observe it every 10 minutes until whenever they see the price go up or down, they can sell it. But as far as you as an investor wants to invest in Bitcoin, you should know that Bitcoin on it's own is an asset built for a long term investment and it's profit comes on a long run

How do you know if you have patience or not when you have not used or understood the right approach to long term bitcoin investment and the proper planning that follows it. People who basically claim they don't have patience  it's likely because they fail to apply the right investment planning strategy and think more like a trader to make quick profit probably because they invested way too much money that was ment for other important stuff as well.
When you invest from your discretionary fund you'll barely feel the need to start panicking or chasing small profits or even act like a trader who just wants to get in and leave the market at peak price.
For the benefit of your learning, you should stick with this thread to learn the right approach to bitcoin investment maybe you'll also learn how easy it is to be patient with your investment when you start applying them.

[Derekfunds]

Except you’re having a shot term goal which I’m certain won’t be profitable with Bitcoin.

That's just it, simple and clear. You as an investor in Bitcoin, it is difficult to make major or good profit if you're focused on short term goals. If you think you can wait long or have that patience, there are surely other coins in th crypto space you can venture into which can help you make profit in a short period of time.
Bitcoin as an asset is something that is just like a Mango Tree which takes time to fully develop. It requires patient and constant work (watering) for it to grow into what you expect from it. The same way is how you need to be patient, consistent in accumulation and focused on the future if you want to profit from Bitcoin.

It is so annoying how you make it sounds as if there coins out there that can guarantee profits even the short term, this is misleading, people are gambling with their mental health seeking for short term profit and you are sounding like is a sure banker, there are numerous coins out there how do you intend to know which can be profitable in the short term? Bitcoin has to do with lot of patience which you are correct but telling people that they can make short term profit  in other coins like you are certain can be misleading, the golden advice is that one shouldn't do more than 10 percent size of their bitcoin in any other coins that's if they want to get involved with other coins other than Bitcoin.

You are absolutely correct there is no coin that is guarantee or certain that someone can make a profit in a short period of time because there are lots os shitcoin and memecoin out there that can easily lure people into venturing into them because of their nature in the market ( pumping nature). Most or almost all of these coin are deceitful because there is one I saw months ago that pump so high and I almost got into it but I was very lucky I didn't and I have decided not to be driven by those coins because they are not what we see, so the best thing is to channel all our energy into Bitcoin because over decade now it hasn't fail so it is worth trying.

[letteredhub]

Except you’re having a shot term goal which I’m certain won’t be profitable with Bitcoin.

If you think you can wait long or have that patience, there are surely other coins in th crypto space you can venture into which can help you make profit in a short period of time.

You can't compare altcoins to bitcoin as a good replacement for investment. It's quite misleading to say the least that some of you all think you can make profit from investing (gambling) your funds in altcoins which are very vulnerable to market manipulations of which even in the short term or long, you can't be guaranteed of making profit as some people think they can do from altcoins market hypes.

Except for a person that really wants to diversify his portfolio into altcoins then they can risk a 10% of that across different altcoins while having a 90%  of your investment in bitcoin. In that case your risk is well.managed and organised.

.

[Brizi5000]

Buy at the market fall, don't miss out on this target, then also sell at the market rise, don't get confused and fail to wait till this is achieved, we can always be profitable only when we understand the timing to use for each of our decision in buying and selling.

Some cant show a cognate reason to why they must speculate and buy at a particular stage where the market fall, because they lack the understanding of how the market overall performance looks like, then how would they be well positioned for selling in profits when the necessary things are not in place for them to earn more instead of losing, this is the main reason we can discover that some are in profits while some on losses at each stage of the market.

i dont think that a real bitcoin investor will wait until its market fall before buying bitcoin. overall i think that your statement here is a trading mindset and not an investing mindset. anyone who is following this your advice will end up being a cheap trader and not investor. it is advisable as long term bitcoin investor not to wait for market fall before buying bitcoin and sell cheaply when they notice a little increase in price. such mentality can cause someones mental health considering the stress of trying to be monitoring the market always and waiting for so long just for a dip to occur before buying and this dip might not occur at the end of your waiting and you end up with nothing to show for your investment after wasting so many years timing and waiting for the dip. to save ourselves the stress of waiting and timing, the dca is there for us to use in our accumulation of bitcoin regularly at any market price with just a discretionary income, either on a monthly or weekly schedule depending on when we have a discretionary income available so we can be able to build up our portfolio and meet with our accumulation target first, and the good thing is also that even along the line as we are buying regularly with the dca, we can still be able to take advantage of the dip and buy even more when the dip opportunity comes.

[abaeze]

How do you know if you have patience or not when you have not used or understood the right approach to long term bitcoin investment and the proper planning that follows it. People who basically claim they don't have patience  it's likely because they fail to apply the right investment planning strategy and think more like a trader to make quick profit probably because they invested way too much money that was ment for other important stuff as well.
When you invest from your discretionary fund you'll barely feel the need to start panicking or chasing small profits or even act like a trader who just wants to get in and leave the market at peak price.
For the benefit of your learning, you should stick with this thread to learn the right approach to bitcoin investment maybe you'll also learn how easy it is to be patient with your investment when you start applying them.

The right way to invest in Bitcoin for the long term, but this long term means 4-6 years, this matter needs to be clarified. Because those who want to learn to invest must have a correct idea about time. Not only that, but also some other important things need to be known along with this time. That is, how to manage the investment according to plan. And what is needed for this.

If there is discretionary income and backup funds, then any investment can be prolonged as long as desired, that is, according to the plan. So if someone patiently continues to invest regularly using the DCA method according to their ability, then it is definitely possible to profit from this.

[Rabata]

Because the best time to accumulate is mostly when there is a dip and the price or value of Bitcoin is low as at that point.

Your statement here could be contradictory and misleading most especially to the newbies as it might go a long way to suggesting that they will have to wait until when bitcoin price is low before they can start accumulating and investing in bitcoin. Personally I think that as a long term bitcoin investor, the best time to accumulate bitcoin is when we have our discretionary income ready for use, and not only when the price is low. Once am individual is able to figure out his or her discretionary income, then is the best time to buy bitcoin and hold for long term goal. The goal is to be buying consistently or perhaps persistently at any market price with just our discretionary income using the DCA method to accumulate either weekly or monthly depending on how our income flows so we can gradually build up our portfolio instead of buying only when its dip which will rather slow our investment because we might be waiting for the dip and it might not occur soonest or never at all. If along the line as we are buying regularly and the dip presents itself, it will only be an added advantage for us to accumulate more at such a reduced price.

From a business point of view the best time to buy Bitcoin is when it dip so you can get more profit when it pumps but the problem is that Bitcoin is volatile and you don't know how dip it will go. This strategy is especially good for traders who wants quick profit but it's not necessary for investors who wants to keep buying for many years, if they see Bitcoin being far more valuable in the next 8 years for instance they will not wait for dip before they buy. Use amounts that you are comfortable with from your discretionary funds without any pressures of expecting dip before you buy as a long term investor.

Those who trade and those who invest for the long term have different mindsets and goals. Buying at a dip can be profitable in the short term, but due to the volatility of the Bitcoin market, no one can say for sure when the dip will come. Wrong decisions from such uncertainty can put you at great risk. For those who plan to invest for the long term, waiting for a dip is not reasonable. compared to a one-time investment in trading, continuous investment in the long term is stress-free and does not require regular market monitoring. However, it is very important to be disciplined in long-term investment. And this requires financial management and ensuring that one is investing after meeting the basic or necessary expenses of life. Because if the investment does not affect life, it will not destroy mental stability. Whether the strategy is short-term or long-term goals and mental preparation deeply affect the investment.

[Humblevirus]

Buy at the market fall, don't miss out on this target, then also sell at the market rise, don't get confused and fail to wait till this is achieved, we can always be profitable only when we understand the timing to use for each of our decision in buying and selling.

Some cant show a cognate reason to why they must speculate and buy at a particular stage where the market fall, because they lack the understanding of how the market overall performance looks like, then how would they be well positioned for selling in profits when the necessary things are not in place for them to earn more instead of losing, this is the main reason we can discover that some are in profits while some on losses at each stage of the market.

Targeting buying at a low price and targeting selling when the price of Bitcoin rises is just an act of trading. The person is not investing, the person is trading. And how many times will a person be waiting for the Bitcoin price to fall to buy and then sell when it rises? Bitcoin is very hard to predict, and it may just be a waste of time when someone is trying to wait for the period when the Bitcoin price will fall to buy again. It is very possible that the price of Bitcoin may not even drop to someone’s target level. Instead, the person ends up wasting that time and later regretting it, as they may miss the opportunity to buy. It will be better to use the DCA method. This is a strategy that allows us to get Bitcoin at different levels and prices, as the price of Bitcoin continues to change because Bitcoin is volatile in nature. My people have failed, and they are regretting it now because they were trying to be smart and make money from Bitcoin through trading.

[ZeroVinsonN]

Buy at the market fall, don't miss out on this target, then also sell at the market rise, don't get confused and fail to wait till this is achieved, we can always be profitable only when we understand the timing to use for each of our decision in buying and selling.

Some cant show a cognate reason to why they must speculate and buy at a particular stage where the market fall, because they lack the understanding of how the market overall performance looks like, then how would they be well positioned for selling in profits when the necessary things are not in place for them to earn more instead of losing, this is the main reason we can discover that some are in profits while some on losses at each stage of the market.

This is a trader's mentality and should not be encouraged in an investment thread such as this one, I'm sure there is a board for trading discussions so why not post this there instead of bringing it here, rather than selling whenever you see the slightest hint at making a bit of profit why not HODL instead while also continuing to accumulate, when people start targeting dips to buy with the hopes of selling when the price goes back up they forget that they cannot predict when the DIP they are expecting will happen and instead of continuously accumulating they end up waiting a long time for nothing while the price of bitcoin just keeps rising with no sign of coming down, when it finally even comes down the price at that point ultimately becomes higher than the price when they started waiting for a DIP so even though they feel a sense of profit they have actually lost ALOT of buying opportunities that could have made them alot of profit if they are patient enough to HODL without selling too early.

[IceLincoln]

There is a part we miss sometimes when it comes to talking about the type or amount of money you use in investing in Bitcoin. Now concerning the amount or figure you can afford to lose, if you want to accumulate Bitcoin bit by bit, then you won't really feel the amount of money you have spent on it. Because the best time to accumulate is mostly when there is a dip and the price or value of Bitcoin is low as at that point. But with if you don't want to accumulate gradually, you decide to buy in bulk, that is when you know what you spent because you definitely will be using a huge amount at once to invest.

It's not always about extra cash or let me say there is nothing about extra cash in terms of investment. You as an investor needs to be very intentional, planning and making up your mind before any decision you take. Be it how much you're investing with or how long are you holding, because that's what makes you an investor. You are not investing because you have some extra money you have no use for but rather because you have seen, analyze and understand Bitcoin and you know it's benefits and game. You know what it can do and how it will help you so you invest with an amount that you intentionally keep for that purpose and not and extra cash which you don't have use for.
It is better you keep that extra cash aside as emergency funds in case of any emergency, you won't have to sell your Bitcoin when you didn't want to

Let me just believe you’re a newbie and still gathering knowledge, some of your thoughts are not very correct or in order. Now people don’t go into business or investments hoping to lose, but in eventuality of an unforeseen event it’s advised to use discretionary money. Any money you lose will surely cause a certain level of pain to you whether discretionary or not but in order not to be disorganised or under pressure to recover it, that extra cash(discretionary) is what can give you that cushion.

[arwin100]

Opportunities in Bitcoin investment do not always arise, so those who wait for opportunities are basically foolish. Because the current opportunity has been created in Bitcoin to buy Bitcoin, those who wait for more Bitcoin price dips will be basically foolish. Because the current Bitcoin price has been corrected considerably, it is the best idea to invest according to the DCA method. The DCA method plays the biggest role in buying Bitcoin from the market at any time, and the Bitcoin DCA method plays the biggest role in maintaining the investment.

It isn't always possible to have Bitcoin opportunities at all times. You may end up losing out on the chance to buy Bitcoin if you're waiting for that perfect dip. However, with the recent corrections in the market, the current price of Bitcoin is a good opportunity for those looking to invest in the long-term. That's why DCA is such a great strategy for investors! By using DCA, you don't let your emotions dictate your decisions and get to gradually accumulate your holdings without stressing over short-term market movements. As you use DCA over a long period of time, you will manage your risk better because you will be able to average the ups and downs of prices and you will develop the disciplined approach necessary for investing in Bitcoin sustainably.

Many people think that's the best action to do, but they didn't realize that waiting for that perfect timing usually ends up missing a lot of opportunity to start and accumulate more Bitcoins on their portfolios.

If they have this mindset they are eliminating the real essence of DCA, since this strategy is eliminating guessing the perfect timing and help them build good discipline towards their long term investment on Bitcoin. Because DCA is not all about spotting and buying at the cheapest price. This strategy is all about continuously buying and compounding our bought coins for long time.

[Agbam]

Also we have the ever-present question regarding how much we get for our money and how far the dollar had been debased in the 8 or 12 years that we are measuring our progress and/or figuring out if we might need to change aspects of our bitcoin accumulation and/or our bitcoin portfolio management.  Many of us anticipate that based on the way that bitcoin had been designed that it is quite likely to appreciate more and better than the dollar and other fiat in order to also account for the dabasement of such dollars (fiat).

Saving money and later losing value is a financial loss, but if you can invest in Bitcoin in a long-term plan instead of keeping that money in the bank and keep the investment for that long period, then at the end of that long period, you will get a good return on your money, but in terms of fiat value. In a word, investing in Bitcoin is more profitable than saving fiat in all aspects.

No doubt, Bitcoin is among the best, if not even the asset that store of value...So it seems more profitable to save your money in Bitcoin than to save it in fiat...But then folks should know that the outcome of Bitcoin is unknown, most folks will only anticipate but they cant for sure tell if Bitcoin will even surpass their future expectations, that is why it is expected that folks only invest in Bitcoin using that their extra cash, which of course is the money that they can afford to loose...

There is a part we miss sometimes when it comes to talking about the type or amount of money you use in investing in Bitcoin. Now concerning the amount or figure you can afford to lose, if you want to accumulate Bitcoin bit by bit, then you won't really feel the amount of money you have spent on it. Because the best time to accumulate is mostly when there is a dip and the price or value of Bitcoin is low as at that point. But with if you don't want to accumulate gradually, you decide to buy in bulk, that is when you know what you spent because you definitely will be using a huge amount at once to invest.

It's not always about extra cash or let me say there is nothing about extra cash in terms of investment. You as an investor needs to be very intentional, planning and making up your mind before any decision you take. Be it how much you're investing with or how long are you holding, because that's what makes you an investor. You are not investing because you have some extra money you have no use for but rather because you have seen, analyze and understand Bitcoin and you know it's benefits and game. You know what it can do and how it will help you so you invest with an amount that you intentionally keep for that purpose and not and extra cash which you don't have use for.
It is better you keep that extra cash aside as emergency funds in case of any emergency, you won't have to sell your Bitcoin when you didn't want to

From your account on the forum you’ve been here only a week though I don’t know how long you’ve been into crypto, bitcoin and other businesses or investments.

For every venture which is not certain, it’s advised to use money you can afford to lose, I can understand that in certain businesses you can actually invest beyond the discretionary and that is for tangible assets and ventures where you have a bit of control over your investment outcomes, people take loans to start or upgrade their businesses which is fine, I don’t know many people who would do that with bitcoin.

Investing with bitcoin you have no control over the price/value of your investment, you’re investing with hope and trust on the historical trajectory so you don’t advise someone to go head in with all they have or  a portion of what they have into it without settling basic expenses or add investing in bitcoin as basic expenses.

Again dips are not the best time to buy, they’re a good time to buy cos they provide you with discounted prices. The best time to buy is as soon as you have your discretionary income.

[Padi24]

Opportunities in Bitcoin investment do not always arise, so those who wait for opportunities are basically foolish. Because the current opportunity has been created in Bitcoin to buy Bitcoin, those who wait for more Bitcoin price dips will be basically foolish. Because the current Bitcoin price has been corrected considerably, it is the best idea to invest according to the DCA method. The DCA method plays the biggest role in buying Bitcoin from the market at any time, and the Bitcoin DCA method plays the biggest role in maintaining the investment.

The opportunity in Bitcoin usually come unannounced and that is because the market is built in a way that no one have control over it that is why we don't necessarily need to keep waiting for opportunity to come meet us in our door post before we would think of taking advantage, instead we should go look for the opportunity which is buying from any giving amount while doing that we would be lucky to meet that opportunity we have been waiting for and then, we can buy as much we can instead of wasting a whole lot of time in waiting to get the opportunity. Some people are so dumb to a point where they can't figure out that the opportunity Which they have been longing to meet is right at their door post yet they can't see it, it is when Bitcoin will  make another ATH $126k that most people will realize what they are doing.

[Joeboy]

There is a part we miss sometimes when it comes to talking about the type or amount of money you use in investing in Bitcoin. Now concerning the amount or figure you can afford to lose, if you want to accumulate Bitcoin bit by bit, then you won't really feel the amount of money you have spent on it. Because the best time to accumulate is mostly when there is a dip and the price or value of Bitcoin is low as at that point. But with if you don't want to accumulate gradually, you decide to buy in bulk, that is when you know what you spent because you definitely will be using a huge amount at once to invest.

It's not always about extra cash or let me say there is nothing about extra cash in terms of investment. You as an investor needs to be very intentional, planning and making up your mind before any decision you take. Be it how much you're investing with or how long are you holding, because that's what makes you an investor. You are not investing because you have some extra money you have no use for but rather because you have seen, analyze and understand Bitcoin and you know it's benefits and game. You know what it can do and how it will help you so you invest with an amount that you intentionally keep for that purpose and not and extra cash which you don't have use for.
It is better you keep that extra cash aside as emergency funds in case of any emergency, you won't have to sell your Bitcoin when you didn't want to

From your account on the forum you’ve been here only a week though I don’t know how long you’ve been into crypto, bitcoin and other businesses or investments.

For every venture which is not certain, it’s advised to use money you can afford to lose, I can understand that in certain businesses you can actually invest beyond the discretionary and that is for tangible assets and ventures where you have a bit of control over your investment outcomes, people take loans to start or upgrade their businesses which is fine, I don’t know many people who would do that with bitcoin.

Investing with bitcoin you have no control over the price/value of your investment, you’re investing with hope and trust on the historical trajectory so you don’t advise someone to go head in with all they have or  a portion of what they have into it without settling basic expenses or add investing in bitcoin as basic expenses.

Again dips are not the best time to buy, they’re a good time to buy cos they provide you with discounted prices. The best time to buy is as soon as you have your discretionary income.

You are right @Agbam... Folks have to understand that Bitcoin isn't a get rich quick scheme, it is  instead a long term investment and when going into it folks have to understand that there is no certainty in its future performance.. Though historically, Bitcoin has proven itself times and time without numbers as the best investment ever....But still, when investing, folks should never use all their income to invest, doing so is pure gambling...Instead, folks should buy consistently as much as they can buy without overdoing it with their discretionary income which of course is the money that they can afford to loose...

[I_Anime]

Opportunities in Bitcoin investment do not always arise, so those who wait for opportunities are basically foolish. Because the current opportunity has been created in Bitcoin to buy Bitcoin, those who wait for more Bitcoin price dips will be basically foolish. Because the current Bitcoin price has been corrected considerably, it is the best idea to invest according to the DCA method. The DCA method plays the biggest role in buying Bitcoin from the market at any time, and the Bitcoin DCA method plays the biggest role in maintaining the investment.

The opportunity in Bitcoin usually come unannounced and that is because the market is built in a way that no one have control over it that is why we don't necessarily need to keep waiting for opportunity to come meet us in our door post before we would think of taking advantage, instead we should go look for the opportunity which is buying from any giving amount while doing that we would be lucky to meet that opportunity we have been waiting for and then, we can buy as much we can instead of wasting a whole lot of time in waiting to get the opportunity. Some people are so dumb to a point where they can't figure out that the opportunity Which they have been longing to meet is right at their door post yet they can't see it, it is when Bitcoin will  make another ATH $126k that most people will realize what they are doing.

I won’t call that dumb some are just ignorant, and I was like that, I wasn’t dumb I didn’t have the right information about bitcoin , because I was still trying to navigate the crypto space . Wasn't easy at all cause of that I miss a lot of opportunities especially the ones in bitcoin that’s why I’m here to make up for those times I missed out so there are still many , that’s in that same phase now (not having the right knowledge about bitcoin), not everyone that’s privilege the way we are now ( knowing about bitcoin ).