Buy Buy Buy or Sell Sell Sell?

[B2Z]

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.

Usually, buying a new house requires a lot of money and if a person thinks that he will sell his investment and buy a house, then we have to assume that he will sell everything he had invested. Now, if an investor suddenly decides to invest for the long term, then it is not really an investment but it becomes trading because he has sold it in the middle.
Buying a house is not only limited to the purchase itself but also involves redecorating the house, bringing new things to the house, paying the electricity bill at the end of the month or other maintenance costs, as a result of which the investor does not have the extra money for investment at the end of the month, which makes it difficult to start investing in the future.

You should not always give priority to your emotions, I already have a house and I am doing well in that house, if I want to buy another house again and if I sell my investment and buy that house, then after a few years I will definitely regret it and then I will think why did I buy another house to have one house and also sell my investment because at that time he will see that if he had not bought the house, he could have made a good amount of profit (if you sell your investment and buy a house, the price of the house will gradually decrease, on the other hand, if the market goes to a good level, there will be a good possibility of profit).
So we should not take such a decision suddenly so that we have to regret it later, although regretting it later will not bring any profit because the time that passes will not come back.

I completely agree with the example you have given here that if a person were to consistently buy Bitcoin with 10%, 15% or 20% of his income at the end of the month, then he would definitely have a solid investment structure, but if he did not do this and did something else, then his investment would not have this support or will not exist.
That is, the main point of this discussion that we have discussed so far is that we must think several times before making such a decision and we will think about how it may affect us in the future and then we will make such a decision.

[Qhunman]

Holding Bitcoin does not require additional money, it is possible to accumulate Bitcoin by following the Bitcoin DCA method only by adopting strategies. Those who have low income will be able to accumulate Bitcoin, so if a person accumulates extra money and wastes the opportunity to purchase Bitcoin, then he should not waste it. Because if you invest in Bitcoin with the amount of money you have, then you will definitely be successful. Because if you eliminate the extra expenses in your daily life, such as smoking money and the amount of money you spend on gambling, your investment will increase a lot.
And the more Bitcoin you are able to accumulate, the more money you will be eligible to receive benefits. So you should not waste the opportunity to purchase Bitcoin by doing the wrong thing like accumulating money.

Your re right delays in investing is bad as we might change our mind from investing in bitcoin. The longer we delay to invest in bitcoin,the more likely we will to miss good opportunities. The best time to invest in bitcoin was yesterday and another time to invest in bitcoin is today. To invest we only need discretionary.  You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

[ejikeme24]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

[Obulis]

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .

I disagree with you that anyone starting his bitcoin investment with big amount of money isn't serious because all fingers aren't equal. Because you're poor doesn't mean that the next person is poor. In fact, any new investor that has a large discretionary income can buy bitcoin aggressively or even front load his bitcoin investment for faster growth with DCA. He has the flexibility to mix all three accumulation methods.

The main purpose of accumulating bitcoin is for the future and you are to continue ongoingly kee buying bitcoin till you reach your bitcoin target. If someone with fat discretionary income invest in bitcoin he can reach his accumulation target within a circle and continue hodli while he moves towards over accumulation stage. Bitcoin price waits for no man because it increases overtime, if you have the large discretionary income why investing in a whimpy way all in the name of to start small and grow.

Starting with a large sum is a personal decision out of many reasons and poverty can likewise definitely decide for the person the move to take. However a poor person who has saved a large sum of money for years can also decide to start with a large sum of money and hodl. Some people with large sum of money whether rich or poor might not want to use DCA strategy and some will do. Like a poor person who has been using DCA but decides to put in large sum, a certain high percentage of his payoff say 65% and hold.

[NewRevelation]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

I think what he was pointing out is that you don't need all your income and/or big money to start your bitcoin investment, but that you can start small with little money, and sure, he misplaced the right word, as the right words or statement was soposed to be that, you don't need all your income or a huge amount of money to invest in Bitcoin but just your discretionary income, that the money left after settling basic needs, and sure, the DCA strategy has made investment easier as one can invest little by little depending on the amount left as your discretionary.

Secondly, you seen to be making a mistake to what a circle or 2 circles are. A circle is 4years of your investment, and 2 circle is 8years of investment. Investors who come into bitcoin investment with a long term plan should plan to Hodl there BTC for long as bitcoin has always proven more profitable if we HODL for long, and it should be at least a circle and more(4-10 yrs and above), and sure, there is no guarantee that 4-10 years is enough to Hodl and get a great profit, and that's why investors can HODL longer and above 2-3 circles while consistently buying.

[Regardme]

very correct, and this why it is good to always buy bitcoin with our discretionary income after ensuring that we have meet up with our basic financial needs or obligations so that we wont be buying and selling just to settle our basic needs. investment done without a discretionary income will surely not be able to stand the test of time because we will be tapping from the investment to sort out our basic financial needs from time to time and by so doing the investment will collapse. also while buying with our discretionary income its advisable to keep some funds from there to be building our emergency funds to shield our investment against some emergency situations needing cash to clear.

What if someone doesn't have a discretionary income? There are many people living hand to mouth and they don't have spare funds to invest in Bitcoin

Sometimes you have to make a decision. Such persons may have to cut down on their expenses to invest in Bitcoin. Sometimes they even have to not spend on something that is a necessity and save that money to DCA into bitcoin. Slowly and steadily, they can accumulate bitcoin, but again you need to have love for bitcoin, and then you will find ways to accumulate more bitcoins even if you are not that sort of person with extra funds.

I think is suggestion is not a good one. Cutting off necessities or skipping essential needs in order to DCA in Bitcoin is a risky one, and also not a healthy financial advice.

Just imagine where you’ll have to skip medicine, transport or even meal just to buy bitcoin. This automatically makes you vulnerable to emergencies, and in such situation you’re unstable because you lack the resources to handle sudden that might happen, unavoidable expenses without falling into hardship, maybe debt or crisis. At that point, it’s no longer investing, it’s gambling with your survival money.
Financial security should come first if you want to succeed in investing because sacrificing necessities to invest in bitcoin is not wise as it might likely lead you to regrets and not wealth.

[Graph001]

very correct, and this why it is good to always buy bitcoin with our discretionary income after ensuring that we have meet up with our basic financial needs or obligations so that we wont be buying and selling just to settle our basic needs. investment done without a discretionary income will surely not be able to stand the test of time because we will be tapping from the investment to sort out our basic financial needs from time to time and by so doing the investment will collapse. also while buying with our discretionary income its advisable to keep some funds from there to be building our emergency funds to shield our investment against some emergency situations needing cash to clear.

What if someone doesn't have a discretionary income? There are many people living hand to mouth and they don't have spare funds to invest in Bitcoin

Sometimes you have to make a decision. Such persons may have to cut down on their expenses to invest in Bitcoin. Sometimes they even have to not spend on something that is a necessity and save that money to DCA into bitcoin. Slowly and steadily, they can accumulate bitcoin, but again you need to have love for bitcoin, and then you will find ways to accumulate more bitcoins even if you are not that sort of person with extra funds.

I am not denying your opinion. It is true that even if you do not have discretionary income, you can start investing in Bitcoin and try to keep the investment active by reducing personal and family expenses. But for a successful investment, having discretionary income is really important and it also shows a proper financial management. Although there is no obligation for you to be rich to invest in Bitcoin, at least you need to ensure that you meet all your and family needs before investing. Otherwise, you can lose your balance in unexpected situations in life. If you invest from the necessary money, it will increase your mental stress but if you decide to invest from discretionary income, it will definitely reduce your mental stress comparatively.

[Gallar]

What if someone doesn't have a discretionary income? There are many people living hand to mouth and they don't have spare funds to invest in Bitcoin

Sometimes you have to make a decision. Such persons may have to cut down on their expenses to invest in Bitcoin. Sometimes they even have to not spend on something that is a necessity and save that money to DCA into bitcoin. Slowly and steadily, they can accumulate bitcoin, but again you need to have love for bitcoin, and then you will find ways to accumulate more bitcoins even if you are not that sort of person with extra funds.

The point is, if we want to invest in Bitcoin and, for example, our financial situation isn't ideal, we must first improve our financial situation. I don't think investing in Bitcoin by forcing ourselves is a good idea. Therefore, at that point, when we're truly interested in investing in Bitcoin, we must be even more enthusiastic about seeking greater income. I'm convinced that anyone can increase their income as long as they have a strong desire. I'm convinced that in this world, if we have the desire, it can be achieved. So,, for those who want to invest in Bitcoin but are still financially strapped, I hope you don't be discouraged. The bottom line is,, there's always hope if you have high ambitions and pursue them with a sincere heart. So, stay motivated and keep up the spirit of investing in Bitcoin. Bitcoin is a truly potential asset,, so we must be enthusiastic about investing in it.

[ruykeri]

Starting with a large sum is a personal decision out of many reasons and poverty can likewise definitely decide for the person the move to take. However a poor person who has saved a large sum of money for years can also decide to start with a large sum of money and hodl. Some people with large sum of money whether rich or poor might not want to use DCA strategy and some will do. Like a poor person who has been using DCA but decides to put in large sum, a certain high percentage of his payoff say 65% and hold.

A poor person can save for years and buy Bitcoin with a large amount of money. It is possible, but one thing to keep in mind here is whether that saved money is the only asset in his life. If it is the only asset, then investing 65% at once will not always be a good decision. To be right in investing in a large amount, you first have to ensure that you have basic expenses, reserves and emergency funds, and it is possible to remain without touching this money for many years.

Many people do not want to buy Bitcoin by following the DCA method. This is their personal decision. They have complete freedom to decide how to buy Bitcoin and how long to hold it. But investing in the DCA method means that it will help you maintain your discipline, which is very important in holding Bitcoin for a long time and in investing. If you buy Bitcoin at once with a large amount of money, you take the timing risk in one day. By doing DCA, you spread that timing risk over time, and the mental and financial stress is reduced.

[GIF-JOBS]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

We must first have a source of income, if we cannot earn, where is their ability to manage our investments? We must first learn to earn, because we need discretionary money to manage this investment, because here we have to hold it for the long term, and if we invest here with the necessary money, then at the time of need we may have to sell the investment forcibly, due to which we will face failure. So we have to invest with the amount of money that we can hold without any problem in the long term, those who expect short-term gains from Bitcoin will end up in failure, so patience is the real capital in Bitcoin investment.

[HodlPlanet]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

We must first have a source of income, if we cannot earn, where is their ability to manage our investments? We must first learn to earn, because we need discretionary money to manage this investment, because here we have to hold it for the long term, and if we invest here with the necessary money, then at the time of need we may have to sell the investment forcibly, due to which we will face failure. So we have to invest with the amount of money that we can hold without any problem in the long term, those who expect short-term gains from Bitcoin will end up in failure, so patience is the real capital in Bitcoin investment.

Invest only with money that you can hold for a long time without any stress. There will be market fluctuations, but those who do not have patience and who eXpect short term profits from Bitcoin are most likely to be disappointed. The real capital in BitCoin investment is patience. Not thinking about quick pRofits, but a long term perspective is the key to success here.

[ASloveapg]

Invest only with money that you can hold for a long time without any stress. There will be market fluctuations, but those who do not have patience and who eXpect short term profits from Bitcoin are most likely to be disappointed. The real capital in BitCoin investment is patience. Not thinking about quick pRofits, but a long term perspective is the key to success here.

Of course, a long-term perspective is the key to success, especially for Bitcoin investments, because it is very volatile in the short term, as we are seeing right now. The current volatility has become very intense, but this is not a problem for those who are holding on for the long term. Those who come hoping for quick profits, get disappointed at the slightest correction and sell at the wrong time, just like there are many who are panicking and deciding to sell because of the current volatility, but the DIP that has been created due to the current volatility is rather an opportunity to buy more, and this is why we have to keep the mentality of holding for the long term and also try to buy more when the price drops instead of panicking during the volatility, because by depositing more during this time, we will be able to deposit more Satoshi at a lower price, which will increase our profit later, the calculation is very simple.

[noormcs5]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

I don't understand why people will hold bitcoin for a decade when they know the bitcoin cycle lasts four years. If one is clever enough, one can buy at the bottom of the bear market and can sell in the bull market at the top. I know it's impossible to catch the exact top or bottom, but even if we manage to buy when everyone is fearful (extreme fear under 10) and sell when everyone is in extreme greed, we could still make good money.
However, in my case i may keep 25% of the bitcoin holding untouched even in bull / bear markets just to be on the safer side.

[IjawMan]

What if someone doesn't have a discretionary income? There are many people living hand to mouth and they don't have spare funds to invest in Bitcoin

Sometimes you have to make a decision. Such persons may have to cut down on their expenses to invest in Bitcoin. Sometimes they even have to not spend on something that is a necessity and save that money to DCA into bitcoin. Slowly and steadily, they can accumulate bitcoin, but again you need to have love for bitcoin, and then you will find ways to accumulate more bitcoins even if you are not that sort of person with extra funds.

The point is, if we want to invest in Bitcoin and, for example, our financial situation isn't ideal, we must first improve our financial situation. I don't think investing in Bitcoin by forcing ourselves is a good idea. Therefore, at that point, when we're truly interested in investing in Bitcoin, we must be even more enthusiastic about seeking greater income. I'm convinced that anyone can increase their income as long as they have a strong desire. I'm convinced that in this world, if we have the desire, it can be achieved. So,, for those who want to invest in Bitcoin but are still financially strapped, I hope you don't be discouraged. The bottom line is,, there's always hope if you have high ambitions and pursue them with a sincere heart. So, stay motivated and keep up the spirit of investing in Bitcoin. Bitcoin is a truly potential asset,, so we must be enthusiastic about investing in it.

You sound like a motivational speaker, lol. Is clearly simple that the right path towards starting to investing in bitcoin is to have a source of steady income which is the most ideal and not by having that much improved financial condition. An investor with a source of income no matter how small can always know what convenient percentage he can use from his salary for his bitcoin investment through the DCA strategy with a long time outline. This percentage must be his discretionary income which is different from his savings, emergency funds or reserve funds.

Starting with a large sum is a personal decision out of many reasons and poverty can likewise definitely decide for the person the move to take. However a poor person who has saved a large sum of money for years can also decide to start with a large sum of money and hodl. Some people with large sum of money whether rich or poor might not want to use DCA strategy and some will do. Like a poor person who has been using DCA but decides to put in large sum, a certain high percentage of his payoff say 65% and hold.

Technically having a personal decision on how to invest in bitcoin may not be it that it is the right decision on bitcoin investment. Beginning newly as a normie who is poorly the right  amount should be a small bit progressively as your knowledge and confidence in bitcoin improves you can begin to increase your investing funds other than a lump sum buy.

[Gost ms]

You don't need money to hold bitcoin rather what you need is basic knowledge to buy bitcoin and transfer stash to your preferred secured wallet and hold for at least two bitcoin cycles.

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

We must first have a source of income, if we cannot earn, where is their ability to manage our investments? We must first learn to earn, because we need discretionary money to manage this investment, because here we have to hold it for the long term, and if we invest here with the necessary money, then at the time of need we may have to sell the investment forcibly, due to which we will face failure. So we have to invest with the amount of money that we can hold without any problem in the long term, those who expect short-term gains from Bitcoin will end up in failure, so patience is the real capital in Bitcoin investment.

Every aspect of investment is very important. We will not benefit from investment by giving too much importance to one aspect and not giving importance to the other. We have to take every aspect of investment seriously. Many times, many people become very interested in long-term holding but they do not invest consistently.

We have to reach the target level of the portfolio first and then we can focus only on patience. If we focus only on patience without considering all other aspects before reaching the target level of the investment portfolio, then our investment may fail. So we have to combine all the aspects and move forward.

[MusaPk]

What did you mean by you don't need money to hold Bitcoin? You seems to have forgotten that you will first of all buy Bitcoin before you start HODLin, and you need money to enable you make your Bitcoin purchase and that money should be taking from your discretionary income as it is not advised to invest from other funds like emergency funds or money meant for your expenses. however, holding for two cycles doesn't seem right to me,  at least 4-10 years so that it will get matured rather than waiting to sell after two years of your investment because your profit might not get matured before that time.

Everyone is free to choose the option for his investment i.e. 4 years wait or more because in the end everyone has to bear the loss or enjoy the profit himself. We need money if we want to hold bitcoin for long and that money should be good enough not only to meet daily needs but also to encounter the emergency needs. If you want to get benefit from Bitcoin then no need to rush, all you need is some money that you can constantly invest and forget for at least 4 years. Though holding for more then 4 years can give you more benefit but then again its every person choice.