Buy Buy Buy or Sell Sell Sell?

[cxtreenal]

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved.

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

yes buying the dip isn't a bad strategy but waiting for a dip is something that is wrong. Waiting for a dip kills opportunity to buy them and this something that is not good for a low or no coiner. As a low or no coiner the main focus should be on continuous accumulation of bitcoin and not waiting and missing out in market opportunities. Every strategy has there advantages as well as there disadvantages.

The purpose of waiting to buy Bitcoin is DIP, but there is a possibility that you will not get the expected price you are looking for, so you should buy from the current price in the market. Considering that the price of Bitcoin is still within your reach and its value will increase in the future accumulation Bitcoin is a sympton of a smart investor.

Although every strategy has its disadvantages, I have found the DCA strategy to be a suitable strategy for Bitcoin. This strategy teaches the practice of buying regardless of the price without affecting the price movement of Bitcoin. Apply this strategy regularly without waiting for the DIP period and the continuity of buying at each price touch will increase Bitcoin holding.

[HodlPlanet]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

I don't know why you're getting it twisted, you don't need a stable income before you can invest into bitcoin and DCA. What you need is your discretionary income and you are good to go. I have seen a lot of people who have stable income but still cannot meet up to their monthly needs how will such people invest.

Someone might win a lottery or a jackpot and decide to invest part of the the money into bitcoin by using DCA. He can invest $100 weekly and spread it over several weeks and keep his bitcoin investment ongoing overtime. Same applies to a contactor whose income isn't stable, the moment he get paid he can use his discretionary income and spread it in several weeks with DCA. Financial management is very important when investing in bitcoin

It will be much easier if you know your source of revenue. Having a structure plan will make it easier to realize its potential. The level of your spending determines whether or not you will have available a description income. Someone who earns a lot of money steadily may not be able to get discretionary income because his spending is not well controlled, whereas someone who earns a lot less may be able to manage and set aside money to invest, allowing you to protect your investment and maintain your ability to hold bitcoin. When faced with hardship, be cool and focused.

I would put in a different way.. If you have more funds to go - you just need to use them correctly.

When you have less - you have much less ability to maneuver.

Technically, you don't need to have more funds before you would start your Bitcoin investment don't get it twisted buddy because you can literally invest in Bitcoin without more funds  because what is needed to invest in Bitcoin is our discretionary income and having less funds doesn't also matter mostly if you can figure out discretionary in that funds and this is why some people haven't invested in Bitcoin because of this your mentality and logic which is not correct.

Investing in Bitcoin doesn't require you to have a big amount of money before investing. Small amount and consistent accumulation works fine. A person with a small amounts can sit in a better position than that of a person who dumps big funds into Bitcoin and forget about it.  and that usually happens. Another thing that often annoys me is when I hear that someone is waiting for large funds before investing, they are literally wasting their time and opportunities. Progress starts with mindset not with your position size.

I find it most frustrating when someone says they will start investing after accumulating a larger sum, when in reality they are wasting both the value of time and opportunity. The market waits for no one, and in the case of Bitcoin, time is the greatest asset. Progress never starts with the size of your position, it starts with the mindset. Discipline consistency and a long term perspective are the real power of Bitcoin investing. Starting small today can be the foundation for big results tomorrow.

[Gallar]

You  are right, shit coins aren't good but investing in them should just be from a very little portion of our funds, I can even say 5% or don't just near it for your own safety. I made some stupid mistakes at beginning of last year thinking that shitcoins would boom, so I pour alot of money into it, but the results was disappointing. I don't even think I made any reasonable profit from it , everything is just down. So I have made up my mind not even near those rubbish again. Putting your focus on Bitcoin alone is better than diversifying into rubbish project. Bitcoin rewards in a long term is far better than these quick money that most of us are looking in shitcoins. Not only me though, I know that many people would have learnt a valuable lessons from last year.

Playing around with crapcoins is clearly a fatal mistake, one we must avoid, my friend. Fundamentally, we must realize that we shouldn't be too hasty in improving our financial situation, as this will easily lead to a financial crash or loss. Therefore, even in investments, we must choose quality and safer options rather than those that appear to be promising large returns but are actually fake. Therefore, when we talk about digital assets, we must focus on the number one option: Bitcoin. Think carefully: why should we own a coin that's unknown and perhaps ranked in the thousands, while we ignore Bitcoin, which is ranked number one? Here, we can certainly see that we've been misguided, and there's certainly something wrong with our thinking. So, I'm quite happy you've realized your mistake, because if you continue to fall into crapcoins, it will only lead to further losses.

[Jostern]

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved.

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

yes buying the dip isn't a bad strategy but waiting for a dip is something that is wrong. Waiting for a dip kills opportunity to buy them and this something that is not good for a low or no coiner. As a low or no coiner the main focus should be on continuous accumulation of bitcoin and not waiting and missing out in market opportunities. Every strategy has there advantages as well as there disadvantages.

You’re absolutely right, I think there is nothing wrong in someone buying a dip, where it becomes a problem is when someone is waiting for a dip before they can possibly buy bitcoin, I have been buying Bitcoin for a long time now, I have actually applied all strategies at some point, in the way that I continuously buy through the DCA techniques, and then I have decided to keep some money aside when I have enough discretionary money to use in taking opportunity in the market of buying bitcoin on a more cheaper alternative, I think the best possible way is just trying to figure out what is actually sustainable and affordable for us, because I have previously bought bitcoin through lump sum, that was my first techniques of buying and accumulating bitcoin, but it’s mostly when you have large amounts of money saved somewhere and you decided to buy bitcoin with your money all at once, then nothing is wrong with it, you just have to keep buying and accumulating consistently.

[Joeboy]

Bitcoin's past performance should be almost irrelevant to beginners in any kind of meaningful way, since their goal should be just focusing on accumulating bitcoin - especially since presumptively a bitcoin newbie does not have any coin or they ONLY have small amounts of bitcoin in the low coiner territory. 

It seems that they might not need to think too much about the BTC price or where the BTC price had been for a whole cycle from the time that they start buying.  They just focus on ongoing buying of bitcoin for at least a whole cycle.

Sure the BTC price might end up going down after the newbie had already started buying bitcoin, so then they are in the red while they continue to buy bitcoin, so then it seems that they can try to pace themselves in terms of their DCA buys, whether weekly or otherwise.... yet if they have a lump sum amount that comes available to them at the beginning of their investment or after some time that they had already been buying bitcoin on a regular (perhaps weekly?) basis, then they might need to decide how they are going to allocate their lump sum in terms of buying right away, DCAing and/or buying on the dip.

Newbie investor also might have funds that they can move from other investments into bitcoin and the same dilemmas are present in regards to whether to buy right away, DCA and/or buying on dips.

So surely the more that newbies invest into bitcoin, then the more they might consider if they might be able to change any aspects of their BTC accumulation strategies along the way, and if they start to begin to feel that they had invested enough into bitcoin in light of other aspects of their personal factors including any other investments they might have, then they may well consider if they might want to modify their bitcoin accumulation approach - even though as a general observation, a decent amount of normal people don't have very many investments, so when they invest into bitcoin it might be fair to presume that many normal people do not have much if any other investments..

Sure, that's right sir... infact it would seem very distracting for newbies to begin to start worrying about the past behavior of Bitcoin, when they supposed to be accumulating.. Placing to much focus on the past price of Bitcoin may even force most newbies to begin timing the market, coz they may be thinking that they could get Bitcoin at cheaper prices like it was in the past, but we all know how untrue that is..

Better still, newbies focus should be focused on understanding their financial capacity, that is how aggressive they can be with their investment, without necessarily over-doing it...And with that understanding, they can continuously DCA with the amount they feel is comfortable, while making adjustments later when their income increases...

[aylabadia05]

<snip>

Sure, that's right sir... infact it would seem very distracting for newbies to begin to start worrying about the past behavior of Bitcoin, when they supposed to be accumulating.. Placing to much focus on the past price of Bitcoin may even force most newbies to begin timing the market, coz they may be thinking that they could get Bitcoin at cheaper prices like it was in the past, but we all know how untrue that is.

Because the market is currently increasingly difficult to predict, past performance is almost irrelevant to current performance.
In the last 24 hours, the price has fallen again by 4.89%, which may confuse beginners even more about what to do with their Bitcoin, especially if they are indifferent to the market situation and other asset prices such as gold are increasing.
*This category applies if the Bitcoin owner does not hold a large amount.

[LGD2Business]

What about you LGD2Business? 

When did you start to get serious about your bitcoin accumulating?

We cannot turn the clock back, yet even a $30 per week investment in bitcoin since your registration date in April 2015 would have had resulted in right around $17k invested, yet around 9 BTC.  I am not sure if that would have had been enough for you, but there surely was enough time.

I know in some of your historical posts, you had seemed to have had gotten distracted into trading kinds of ideas, so surely there could pass years and years before a guy ends up getting serious in his bitcoin accumulation - even though starting later ends up resulting in higher costs per coin (and fewer coins too), yet none of us can turn back the clock, so we have to figure out how to start accumulating bitcoin once we figure out that ongoing accumulation of BTC would have had been the better of possible strategies.

I can say it happened sometime after I joined here. If I had started right in 2015, I'm sure it would have made a big difference, but at the time I didn't trust it enough and didn't have the capital to invest. But I can say that I got a return on the investments I made later on. I'm not very good at trading, like most of else, I prefer to buy and hold.
Bitcoin helped me buy my own home. If I had stayed in a rental and held onto the coins longer, I might have been able to buy a better house, but at the time it was a necessity, and we can't know the future for sure. I needed to secure myself. That's why we invest in the first place. After moving into my own home, I was able to invest more comfortably, even though I had to start my capital from scratch. It's a long marathon. Once you've taken care of some needs, you can see the path ahead more clearly.

[Marvelockg]

<snip>

Sure, that's right sir... infact it would seem very distracting for newbies to begin to start worrying about the past behavior of Bitcoin, when they supposed to be accumulating.. Placing to much focus on the past price of Bitcoin may even force most newbies to begin timing the market, coz they may be thinking that they could get Bitcoin at cheaper prices like it was in the past, but we all know how untrue that is.

Because the market is currently increasingly difficult to predict, past performance is almost irrelevant to current performance.
In the last 24 hours, the price has fallen again by 4.89%, which may confuse beginners even more about what to do with their Bitcoin, especially if they .

An act of indifference especially when you are considering a very short duration of bitcoin price movement is not enough justification for refusing to implement a buy plan because if you are investing for the long term, what the market holds within days, weeks or month should not be so much of a concern because practically , you do not have the power to influence what happens to bitcoin per day, week or month.

It is better to rather remain focused with your accumulation and pay less attention to momentary price movement that you have little or no control over. for every time you sit back and relax on the degree of aggressiveness towards your bitcoin investment just because the price of bitcoin at the time does not look comfortable relative to what you hope it will be, you miss out on a good buying opportunity that can add up to an overall buys at the low. The mentality that every DIP is just a temporary setback is what will keep you invested at the times of low that others might feel discouraged from investing.

[The Founding Titan]

<snip>

Sure, that's right sir... infact it would seem very distracting for newbies to begin to start worrying about the past behavior of Bitcoin, when they supposed to be accumulating.. Placing to much focus on the past price of Bitcoin may even force most newbies to begin timing the market, coz they may be thinking that they could get Bitcoin at cheaper prices like it was in the past, but we all know how untrue that is.

Because the market is currently increasingly difficult to predict, past performance is almost irrelevant to current performance.
In the last 24 hours, the price has fallen again by 4.89%, which may confuse beginners even more about what to do with their Bitcoin, especially if they are indifferent to the market situation and other asset prices such as gold are increasing.
*This category applies if the Bitcoin owner does not hold a large amount.

In the past even bitcoin's price has dropped more than this within 24 hours and still it's always comes back stronger, alot of people made the mistake of not buying due the price drops like this and end up regretting later when the price surges forward and "those who refuse to learn from history are doomed to repeat it" if the plan is to halt on investing because of that price drop then what's most likely waiting for that person is regret when the market recovers and the price begins to climb up again, they will wish they had bought when they had the chance. It's better if we don't end up like this people who are going to make the mistake of telling themselves not to buy because of a price change in the negative and then end up regretting when the price changes in the positive.

[Dunamisx]

We should be more focused on what we are doing and know what others are doing, also, we must try as much as possible to develop our own strategy so that it will work for us and stop speculating on others' patterns of investment when we don't know the particular strategy they are using.

The same also applies to when to buy or sell, we have to be more conscious of the steps to take and the timing to give at each stage of our investment before we decide on selling, there's no essence in making an investment that at the end of it all, there won't be something profitable to mark about it.

[Brizi5000]

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved.

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

yes buying the dip isn't a bad strategy but waiting for a dip is something that is wrong. Waiting for a dip kills opportunity to buy them and this something that is not good for a low or no coiner. As a low or no coiner the main focus should be on continuous accumulation of bitcoin and not waiting and missing out in market opportunities. Every strategy has there advantages as well as there disadvantages.

It is better to buy Bitcoin at the lowest possible price, because the cheaper we can buy Bitcoin, the better our profit will be after the price increases, but when we start waiting for the dip to buy, it will be a completely wrong strategy. And if we want to invest with this kind of mentality, our investment will never be successful, but over time we will only keep falling behind, because we will never be able to invest at the price we expect, because the price of Bitcoin will never move according to our expectations. Buying dips is good, but we have to keep buying dips as a site strategy in addition to a consistent strategy, but for investment, we must first determine a consistent strategy, and be consistent with this strategy.

i think is even more better to focus on buying bitcoin regularly with just our discretionary using the dca method because it gives you the opportunity to buy bitcoin consistently at any market price. buying when price is low will mean that you will have to wait until the price is low before you can accumulate and there is no way you will be in the same level or frequency with the other folks who chose to be buying regularly with a discretionary income at any market price and hold to gradually build their portfolio because they also stand that same opportunity to meet that same drop in market price (dip) and they also will take advantage of that to add even more bitcoin stash to their already ongoingly existing holdings.

market drop is still something that is under probability because you dont know weather it will happen or not and even if it happens you dont know when it will be. so rather than relying on something thats still under a probability, i think it feels more better to be buying with one you're seeing now and hodl it as a long term investor.  even more as a beginner or newbie it is even worst for you  to think that its better to buy when the price is very low.

[Kuchuku]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

Buying Bitcoin when it is low is tempting, but waiting for it to drop is foolish in my opinion. It is confusing to say when is the right time to buy Bitcoin. Regardless of the market situation, it is wise to accumulate Bitcoin. No one knows when its price will drop. And there is no perfect time to invest, so you should always focus on investing in Bitcoin for the long term. The right time to buy Bitcoin should be when there is a reasonable income and its market is unpredictable. If Bitcoin is a long-term investment, then it is better to buy it because its price is likely to increase further in the future. Start accumulating Bitcoin through the DCA method, so you can accumulate a good portion of your long-term investment.

[Gost ms]

<snip>

Sure, that's right sir... infact it would seem very distracting for newbies to begin to start worrying about the past behavior of Bitcoin, when they supposed to be accumulating.. Placing to much focus on the past price of Bitcoin may even force most newbies to begin timing the market, coz they may be thinking that they could get Bitcoin at cheaper prices like it was in the past, but we all know how untrue that is.

Because the market is currently increasingly difficult to predict, past performance is almost irrelevant to current performance.
In the last 24 hours, the price has fallen again by 4.89%, which may confuse beginners even more about what to do with their Bitcoin, especially if they are indifferent to the market situation and other asset prices such as gold are increasing.
*This category applies if the Bitcoin owner does not hold a large amount.

We have never been able to predict Bitcoin in the past and we will never be able to predict Bitcoin in the future. Bitcoin is not under anyone's control Bitcoin is completely decentralized Bitcoin is not under any government or bank. If Bitcoin was controlled by any government or bank, then maybe we would have been able to predict it.

There have been many such falls in the past, such small falls in the market often happen. Investing is like a big race. When we run a big race, we face many kinds of problems, just like in investing. It is very important to build trust in Bitcoin, when a person is able to build trust in Bitcoin, he will not worry too much about such small falls in the market and will be able to deal with these falls very easily.

[JayJuanGee]

What about you LGD2Business? 
When did you start to get serious about your bitcoin accumulating?

We cannot turn the clock back, yet even a $30 per week investment in bitcoin since your registration date in April 2015 would have had resulted in right around $17k invested, yet around 9 BTC.  I am not sure if that would have had been enough for you, but there surely was enough time.

I know in some of your historical posts, you had seemed to have had gotten distracted into trading kinds of ideas, so surely there could pass years and years before a guy ends up getting serious in his bitcoin accumulation - even though starting later ends up resulting in higher costs per coin (and fewer coins too), yet none of us can turn back the clock, so we have to figure out how to start accumulating bitcoin once we figure out that ongoing accumulation of BTC would have had been the better of possible strategies.

I can say it happened sometime after I joined here. If I had started right in 2015, I'm sure it would have made a big difference, but at the time I didn't trust it enough and didn't have the capital to invest. But I can say that I got a return on the investments I made later on. I'm not very good at trading, like most of else, I prefer to buy and hold.
Bitcoin helped me buy my own home. If I had stayed in a rental and held onto the coins longer, I might have been able to buy a better house, but at the time it was a necessity, and we can't know the future for sure.

Arguing buying a home with your bitcoin profits is a form of trading (and/or reallocation) since you were likely disrupting your bitcoin accumulation process.. and surely, you likely can recognize that even if you had started focusing on aggressively accumulating bitcoin more than a year after your forum registration date, you could have had gotten close to whatever your overaccumulation amount is, especially if you were able to invest in the ballpark of 15% or more of your annual income into bitcoin.  Surely your choice to pull some of your profits out of bitcoin to buy a house had a considerably great impact to your bitcoin accumulation and buying a house may have also created a lot of additional financial obligations to diminish how aggressively you would be able to accumulate bitcoin.

I have difficulties imagining situations where guys have house payments and servicing obligations and also would be able to dedicate more than 10% of their income to buying bitcoin.. so focusing on other investments surely ends up with high likelihoods of diluted abilities to invest in bitcoin.

I needed to secure myself. That's why we invest in the first place. After moving into my own home, I was able to invest more comfortably, even though I had to start my capital from scratch. It's a long marathon. Once you've taken care of some needs, you can see the path ahead more clearly.

Perhaps there can be some solace in owning your own residence rather than renting, yet I still have difficulties imagining situations in which a guy might have home servicing obligations and still being able to invest more than 10% of his income into bitcoin.  Maybe your situation is different?   And of course I understand that there may well be psychological reasons and not just financial reasons for  choosing house ownership, and like you mentioned, you likely can reassess your past actions and see that you would have had been much better off financially to just keep the value in bitcoin and to ride out the renting a bit longer.. even though you experienced some psychological benefits from going down the home owner path.

Regarding your having to start over, that is too bad, and maybe guys can figure out that if they need to (or want to) divert some of their bitcoin investment into home ownership, property or some other inferior investment asset, they might try to consider ways to ONLY use part of their bitcoin holdings (perhaps less than half of it) so that they do not end up overly diluting their bitcoin holdings, even though it can frequently be challenging to figure out how to allocate money and temptations to use bitcoin in other ways such as home ownership or even business ownership can sometimes end up greatly depleting the bitcoin holdings and potentially causing situations in which a person had gotten transitioned into being a no coiner and then staying in low coiner status for extended periods of time when he could have had made better choices in regards to the level of his chosen bitcoin dilution.

And, surely something like a house can be a fairly sticky investment because it tends to be difficult to get into and out of and there are quite a few financial costs too in terms of opening and closing costs.

There is no way to go back, and frequently we merely have to figure out ways to learn from any mistakes that we might have made, to the extent that we might conclude that any of our past actions were mistakes, and sometimes we might not consider our past actions to be mistakes, even though the financial ramifications of our previous actions might be quite costly when we go back and measure with some intention to try to figure out if we can learn how to potentially improve our future actions based on our assessment of costs and benefits of past conduct.

[NewRevelation]

Trying to find a perfect bottom in order to buy bitcoin is one of the biggest mistake people make and due to this, two things usually happens.

There's no such thing as a perfect bottom. Even robots that input millions of variations can't predict it. The goal is to buy at the most favorable price possible. Isn't that what we all want? We try various methods to buy Bitcoin at a better price. Sometimes it works, sometimes it doesn't. But what matters is whether we've managed to accumulate enough Bitcoin in the long run. Sometimes we buy Bitcoin at a good price, sometimes at a slightly higher price, but if, by the end of the day, we've accumulated a decent amount of Bitcoin over the years, then we've done the right thing.

We don't need to adopt any complicated strategy for buying. You go with the strategy that your position and your situation allow you to buy comfortably. However, the investable person's situation and position must support DCA, the difference may be in the time frame.

You need to pay attention to whether your situation motivates you to do weekly DCA or monthly DCA, or it may be some other time frame. But try to be consistent and long-term. By waiting, you will only waste time, you may not get significant output.

Waiting for decline is procrastination, and procrastination is a grave where opportunities are buried. While you wait, serious investors are accumulating and moving, and over the years, there have been tangible proof that consistency beats waiting to buy in bulk. So yea, steady buys with the DC A in a long run will beat waiting for long just to buy some part of bitcoin, and yea, you don't even know when this Dip will happen. So it's always best that investors find out there discretionary income, and then allocate a portion to buying bitcoin consistently.  The world is moving, Bitcoin is fluctuating, so keep moving, keep buying, it will pay off some day if you HODL

[sotelorene]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

Buying Bitcoin when it is low is tempting, but waiting for it to drop is foolish in my opinion. It is confusing to say when is the right time to buy Bitcoin. Regardless of the market situation, it is wise to accumulate Bitcoin. No one knows when its price will drop. And there is no perfect time to invest, so you should always focus on investing in Bitcoin for the long term. The right time to buy Bitcoin should be when there is a reasonable income and its market is unpredictable. If Bitcoin is a long-term investment, then it is better to buy it because its price is likely to increase further in the future. Start accumulating Bitcoin through the DCA method, so you can accumulate a good portion of your long-term investment.

I agree with you but there is nothing tempting buying Bitcoin when it is low unless you have an ulterior motive why you are buying at a low price as traders does but for someone that is buying to hold for long time there is actually nothing tempting because you won't give a fuck whether the price will decline more because after sometime the price will correct back and will surge again but fluctuation is inevitable in Bitcoin investment and an investor is/should not wander about it since they are holding for long term.

[Muba20]

You are right, trading look so simple in theory but in real sense it is powerfully hard to be consistent especially with how unpredictable the market is ,most of the people have underestimated the emotional and psychological side of trading for long term isn't risk free either but it clear a lot of stress and wrong decision making that comes with trying to time every move.

The reason why people trade in the first place is because they want to get their hand on quick cash and this is why trading has almost never been successful in bitcoin because bitcoin wasn't built that generate wealth in short term but instead usually rewards patience and consistent which are the kind of qualities a good bitcoin investor has to be successful in their bitcoin investment, they understand that bitcoin isn't a get rich quick scheme and they also understand that in order to compound their profits they need to always be accumulating bitcoin with the best way to do that being the DCA method.
The problem here is that a trader wants to share in the success stories of investors who have over the years made good profit from their bitcoin investment but they are not willing to go the long way but instead start looking for short cuts to minimize effort and maximize profit failing to understand that bitcoin doesn't work that way.

The main goal of most people who trade is to make big profits in a short period of time. The Bitcoin market is very volatile, making it difficult for a trader to determine the right time to buy a dip. And those who make emotional decisions in trading suffer in the long term. But those who believe in the long term, instead of thinking about short-term profits, have been able to achieve good results. Because in the DCA strategy, there is no pressure on the market time and it is comfortable to invest in small amounts step by step. In addition, as you said, there are many who are inspired by the long-term stories of investors but do not want to stick to the long-term journey. There are many who, despite having long-term goals, cannot resist the temptation to withdraw profits when the market increases. However, Bitcoin success comes through patience and discipline in the long term.

[PhilosopherKing]

Buying Bitcoin when it is low is tempting, but waiting for it to drop is foolish in my opinion. It is confusing to say when is the right time to buy Bitcoin. Regardless of the market situation, it is wise to accumulate Bitcoin. No one knows when its price will drop. And there is no perfect time to invest, so you should always focus on investing in Bitcoin for the long term. The right time to buy Bitcoin should be when there is a reasonable income and its market is unpredictable. If Bitcoin is a long-term investment, then it is better to buy it because its price is likely to increase further in the future. Start accumulating Bitcoin through the DCA method, so you can accumulate a good portion of your long-term investment.

People will still want to do whatever nonsensical thing they feel like doing, no matter how many times this is explained to them. The market is unpredictable, so it absolutely makes zero sense to wait for price to drop before buying.

Whenever discretionary income is in your hand, that should be the best time to start buying ongoingly and saving for at least a cycle.

[Proty]

You are right, trading look so simple in theory but in real sense it is powerfully hard to be consistent especially with how unpredictable the market is ,most of the people have underestimated the emotional and psychological side of trading for long term isn't risk free either but it clear a lot of stress and wrong decision making that comes with trying to time every move.

The reason why people trade in the first place is because they want to get their hand on quick cash and this is why trading has almost never been successful in bitcoin because bitcoin wasn't built that generate wealth in short term but instead usually rewards patience and consistent which are the kind of qualities a good bitcoin investor has to be successful in their bitcoin investment, they understand that bitcoin isn't a get rich quick scheme and they also understand that in order to compound their profits they need to always be accumulating bitcoin with the best way to do that being the DCA method.
The problem here is that a trader wants to share in the success stories of investors who have over the years made good profit from their bitcoin investment but they are not willing to go the long way but instead start looking for short cuts to minimize effort and maximize profit failing to understand that bitcoin doesn't work that way.

The main goal of most people who trade is to make big profits in a short period of time. The Bitcoin market is very volatile, making it difficult for a trader to determine the right time to buy a dip. And those who make emotional decisions in trading suffer in the long term. But those who believe in the long term, instead of thinking about short-term profits, have been able to achieve good results. Because in the DCA strategy, there is no pressure on the market time and it is comfortable to invest in small amounts step by step. In addition, as you said, there are many who are inspired by the long-term stories of investors but do not want to stick to the long-term journey. There are many who, despite having long-term goals, cannot resist the temptation to withdraw profits when the market increases. However, Bitcoin success comes through patience and discipline in the long term.

There are people that lack self discipline and they allow themselves to be moved into making impulsive decisions based on market sentiment. This set of people are not investors, those with long term goals move by market trends.
Yes the motive of traders is to make quick profit which they fail to realise the risk they are putting themselves into and they fail to see the advantages of holding bitcoin for a long term.

[I_Anime]

We should be more focused on what we are doing and know what others are doing, also, we must try as much as possible to develop our own strategy so that it will work for us and stop speculating on others' patterns of investment when we don't know the particular strategy they are using.

The same also applies to when to buy or sell, we have to be more conscious of the steps to take and the timing to give at each stage of our investment before we decide on selling, there's no essence in making an investment that at the end of it all, there won't be something profitable to mark about it.

Yeah the sore aim is to make profits , but there are phases you have to go through in order to make that profit you so desire for (though there’s guarantees ) , but in long run chances making something good from bitcoin, sir jayjay listed some of these phases , which are accumulating, waiting and selling phases and I will also add and the decision to start phase lol , but all the phase there’s a constant phase which is learning phase . Investment is not something you rush in without planning properly , because if you don’t plan well you are going to leave or ruin that investment sooner than you ever imagined .