Buy Buy Buy or Sell Sell Sell?

[Sarah_Jannat42]

That's absolutely not true....Folks are meant to invest by considering the availability of their discretionary income... Your primary focus when you want to invest should be on whether you have a discretionary income to do so. The reason for this is coz it is best that folks invest with their discretionary income since it is that extra money, rather than their actual income...

It is brutal to say like this. Because investing in any place can differ from person to person. Investing is no small matter, especially investing in Bitcoin because it is a long-term investment, so if you want to invest, you should definitely invest considering your income because everyone's situation is never the same. However it is undoubtedly true that before investing in Bitcoin, it is necessary to calculate the income under consideration.

[Grease5000]

Considering emergency fund and Bitcoin accumulation what should come first

Emergency fund lead to a financial stability while Bitcoin accumulation can result to long term wealth . It is important to  build a 3 to 6 month  emergency fund then accumulate bitcoin with a discretionary income. Because allow investor to avoid panic selling when there is a situation that requires urgent money.

I will like to hear how others balance opportunity versus security.

[Silikiem]

Considering emergency fund and Bitcoin accumulation what should come first

Emergency fund lead to a financial stability while Bitcoin accumulation can result to long term wealth . It is important to  build a 3 to 6 month  emergency fund then accumulate bitcoin with a discretionary income. Because allow investor to avoid panic selling when there is a situation that requires urgent money.

I will like to hear how others balance opportunity versus security.

Not really having the emergency funds readily available shouldn’t be a barrier why folks should not start accumulating and investing in bitcoin as they can always build there emergency funds even after they may have started accumulating bitcoin or along side while accumulating bitcoin. So yea, if it comes to bitcoin investment I think the most important thing is to start buying bitcoin once you have a discretionary income ready, and in this regard, since the emergency funds is to provide a safety net for your bitcoin investment, there can’t be an emergency funds without a bitcoin investment. Except you’re keeping the emergency funds for something else other than your bitcoin investment.

[Cgrexp]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Bitcoin is not a business, it is an investment. Selling it and hoping to buy it back cheaply is a foolish and slow strategy. If the goal is to invest in Bitcoin, the most effective way is to keep buying. If you sell, you are gambling, because the cheap price is not guaranteed. Bitcoin must be bought continuously to keep growing and cannot be sold until there is a sufficient amount, which can take many years to achieve. It is important to spend time understanding Bitcoin and trying to learn, because using it as a business is not a good idea. If you do not know what Bitcoin is, it is difficult to imagine how to properly collect it.

[Derekfunds]

That's absolutely not true....Folks are meant to invest by considering the availability of their discretionary income... Your primary focus when you want to invest should be on whether you have a discretionary income to do so. The reason for this is coz it is best that folks invest with their discretionary income since it is that extra money, rather than their actual income...

It is brutal to say like this. Because investing in any place can differ from person to person. Investing is no small matter, especially investing in Bitcoin because it is a long-term investment, so if you want to invest, you should definitely invest considering your income because everyone's situation is never the same. However it is undoubtedly true that before investing in Bitcoin, it is necessary to calculate the income under consideration.

If you know how much you earn a week or a month there won't be any need to calculate your Income again because it is already known rather what someone should do is to check the essential or pressing needs and then also check how much will be leftover after these needs have been taken care of and that is the best way to start your planning, a wise person won't Wait till they are been paid before they start running up and down trying to find what they should handle as other unnecessary things can come up to distract someone so planning and budgeting things early is very good.

[ejikeme24]

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

you have been registered in the forum recently and here you are giving advice about not putting our money in one coin or spend it all at once to buy coin, did you even know  the funds you're investing from? Because with  what you're saying here it means that you don't even know where to invest from. However, I don't see anything wrong if guys chose to invest with all their dictionary income for the week moreover before a guy will think of investing with the whole of his discretionary for the week it means that they have a steady cash flow which a guy that doesn't have a steady cash flow is likely to invest little by little so that before thier discretionary income will goes dry they must have added more to it.

[MissNonFall9]

d . Investing in Bitcoin on a long-term basis is relatively easy, just a steady income, and the mindset of investing regularly is enough.

I think that you are wrong here mate, because sir jayjuangee has taught about this severally that you need a discretionary income to invest in Bitcoin consistently, not a steady income as you proclaimed, because their are several guys out there that has a steady income but are unable to figure out their discretionary income to invest with, and as we all know, any investment made outside your discretionary income is gambling since it will only be a matter of time before you falls back to your investment to retrieve back the money used to invest that was not your discretionary income, so it's not advisable to do such.

. We know that the investment style in Bitcoin is different depending on the strategy. I am also talking about trading on a short-term basis. So I did not present wrong information. I just made a mistake in mentioning the name of the investment strategy. For which I apologize.

Truly, Bitcoin accumulation strategy are different, but trading the market for short term gains are not categorize as investment in Bitcoin, so take note of that.

You and Sir are right that investment in Bitcoin should be from discretionary income, not from fixed income. And when I said that having a fixed income for investment does not mean that he has to invest the entire money. What I am saying is that many of those who have a fixed income may not be able to get extra money even if they try hard. But there are many people who always maintain discipline in all areas, they will definitely be able to get extra money from there and can invest in Bitcoin consistently. Those who cannot do so do not need to borrow from somewhere and invest because it is risky. So I will also say that investment should definitely be from discretionary income and extra money should be taken out from fixed income and money management skills should be acquired.

[JayJuanGee]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Sure.  Overaccumulation might not be clear to some folks, and so once in a while, I will provide some example of what it might mean - and frequently I am referring to guys who would have goals to stay invested in bitcoin for life.. so then once they reach overaccumulation status, then they have the option to stop of slow down in their BTC accumulation, and they may or may not end up transitioning into sustainable withdrawal status - even though it is logical that some time could pass at each stage.  Accumulating, then maybe maintenance and then maybe later sustainable withdrawal.. which means always keeping bitcoin.. and starting to sell some bitcoin in which the value of the bitcoin is likely going up greater than the amount being sold.

Do we need an example?

So for example, a guy who had an income of $30k per year accumulated $100 per week of Bitcoin between January 2016 and present, and so he invested $53k and he accumulated 15.3 BTC.  His plan was to begin to withdraw from his bitcoin once it would be able to support an $80k per year income, and so when he looks up 15.3 BTC, he sees that right now, it would support right around $80k per year sustainable withdrawal... so he has enough and maybe even more than enough BTC to get started withdrawing at a reasonable rate in which he considers the stash will continue to grow (in dollar value) greater than the amount that he would bre withdrawing. Of course, if he were to have even more BTC than the 15.3, then he would have extra BTC to give him even more assurance about having enough or more than enough.. and surely since bitcoin prices are currently down, he may well purposefully choose to make downward adjustments in his withdrawal rate in order to make sure that the withdrawal rate that he is employing remains sustainable and that he is not overly withdrawing from his bitcoin stash.  Some guys will purposefully choose to either accumulate extra bitcoin or to wait a bit longer in time so that they have a cushion once they start their withdrawal and to feel comfortable that they are not withdrawing too much too soon..

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

We are ONLY talking about bitcoin in this thread.

What other coin were you thinking about buying?

[Crytohillss]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Sure.  Overaccumulation might not be clear to some folks, and so once in a while, I will provide some example of what it might mean - and frequently I am referring to guys who would have goals to stay invested in bitcoin for life.. so then once they reach overaccumulation status, then they have the option to stop of slow down in their BTC accumulation, and they may or may not end up transitioning into sustainable withdrawal status - even though it is logical that some time could pass at each stage.  Accumulating, then maybe maintenance and then maybe later sustainable withdrawal.. which means always keeping bitcoin.. and starting to sell some bitcoin in which the value of the bitcoin is likely going up greater than the amount being sold.

Do we need an example?

So for example, a guy who had an income of $30k per year accumulated $100 per week of Bitcoin between January 2016 and present, and so he invested $53k and he accumulated 15.3 BTC.  His plan was to begin to withdraw from his bitcoin once it would be able to support an $80k per year income, and so when he looks up 15.3 BTC, he sees that right now, it would support right around $80k per year sustainable withdrawal... so he has enough and maybe even more than enough BTC to get started withdrawing at a reasonable rate in which he considers the stash will continue to grow (in dollar value) greater than the amount that he would bre withdrawing. Of course, if he were to have even more BTC than the 15.3, then he would have extra BTC to give him even more assurance about having enough or more than enough.. and surely since bitcoin prices are currently down, he may well purposefully choose to make downward adjustments in his withdrawal rate in order to make sure that the withdrawal rate that he is employing remains sustainable and that he is not overly withdrawing from his bitcoin stash.  Some guys will purposefully choose to either accumulate extra bitcoin or to wait a bit longer in time so that they have a cushion once they start their withdrawal and to feel comfortable that they are not withdrawing too much too soon..

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

We are ONLY talking about bitcoin in this thread.

What other coin were you thinking about buying?

So many individuals Only understand two modes purchase or sell everything, accumulate with intention reach a point of power then shift into maintenance and eventually controlled withdrawal without liquidating the base The instances you gave makes it practical discipline of stacking $100 on a $30k story here that's conviction over time and once the stack can reasonably support your target lifestyle slowing down or adjusting withdrawal isn't giving up , if the price dips you adjust and if you want more cushion you wait.

[Crytohillss]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Sure.  Overaccumulation might not be clear to some folks, and so once in a while, I will provide some example of what it might mean - and frequently I am referring to guys who would have goals to stay invested in bitcoin for life.. so then once they reach overaccumulation status, then they have the option to stop of slow down in their BTC accumulation, and they may or may not end up transitioning into sustainable withdrawal status - even though it is logical that some time could pass at each stage.  Accumulating, then maybe maintenance and then maybe later sustainable withdrawal.. which means always keeping bitcoin.. and starting to sell some bitcoin in which the value of the bitcoin is likely going up greater than the amount being sold.

Do we need an example?

So for example, a guy who had an income of $30k per year accumulated $100 per week of Bitcoin between January 2016 and present, and so he invested $53k and he accumulated 15.3 BTC.  His plan was to begin to withdraw from his bitcoin once it would be able to support an $80k per year income, and so when he looks up 15.3 BTC, he sees that right now, it would support right around $80k per year sustainable withdrawal... so he has enough and maybe even more than enough BTC to get started withdrawing at a reasonable rate in which he considers the stash will continue to grow (in dollar value) greater than the amount that he would bre withdrawing. Of course, if he were to have even more BTC than the 15.3, then he would have extra BTC to give him even more assurance about having enough or more than enough.. and surely since bitcoin prices are currently down, he may well purposefully choose to make downward adjustments in his withdrawal rate in order to make sure that the withdrawal rate that he is employing remains sustainable and that he is not overly withdrawing from his bitcoin stash.  Some guys will purposefully choose to either accumulate extra bitcoin or to wait a bit longer in time so that they have a cushion once they start their withdrawal and to feel comfortable that they are not withdrawing too much too soon..

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

We are ONLY talking about bitcoin in this thread.

What other coin were you thinking about buying?

The idea of overacumulation isn't something individuals will talk about enough most conversation are just about stacking for lifetime, if the aim is to stay in Bitcoin for long term knowing when to reduce down or shift gears is just as important as observing when to go hard it is not about exiting it's about managing the position intelligently while still holding the core.

[Umulala-alala]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Bitcoin is not a business, it is an investment. Selling it and hoping to buy it back cheaply is a foolish and slow strategy. If the goal is to invest in Bitcoin, the most effective way is to keep buying. If you sell, you are gambling, because the cheap price is not guaranteed. Bitcoin must be bought continuously to keep growing and cannot be sold until there is a sufficient amount, which can take many years to achieve. It is important to spend time understanding Bitcoin and trying to learn, because using it as a business is not a good idea. If you do not know what Bitcoin is, it is difficult to imagine how to properly collect it.

You are right BTC investment isn't like buying and selling of goods and services it's an investment that requires consistent buying of bitcoin and be hodling it for a long time, buying and selling of bitcoin when the investment is yet mature or it's not yet to sell or not have gotten to your bitcoin accumulation stage before selling is trading and gambling. Bitcoin is long time investment there should be time duration before selling and not even selling all but just some portion of your holding and still continue holding and be buying again, selling your bitcoin after a short period of getting started is not an investment rather it's a trading.

[Makus]

@Crytohillss you've been in this forum since 2024 yet you still don't know how to quote, it's good you learn that to make your replies look more presentable. Well here is a YouTube video guide to teach you how to make multiple quoting and how to edit lines you're referring to so you don't double post.
Bitcointalk Post formatting

So many individuals Only understand two modes purchase or sell everything

People who adopt those modes are usually traders and that's not our point of interest here because traders over the years haven't been proud enough to voice how profitable they've become irrespective of how high the price of bitcoin has become. However their reluctance to show a proof of profitability only indicates that they are living on fluctuating results,  profit and loss. Meanwhile a some folks who bought bitcoin only once and held them for long timeline have more presentable fact and evidence that long term investment is the key. Living with a traders mindset is like having alot of opportunities with no plan for the future, easy explanation of a mediocre. And this is why we need to stick with our long term investment goal.

Accumulate with intention reach a point of power then shift into maintenance and eventually controlled withdrawal without liquidating the base The instances you gave makes it practical discipline of stacking $100 on a $30k story here that's conviction over time and once the stack can reasonably support your target lifestyle slowing down or adjusting withdrawal isn't giving up , if the price dips you adjust and if you want more cushion you wait.

Getting to the overaccumulation stage and slow down or stop accumulating isn't giving up, it's more like a job well done on the accumulation stage and getting to the next stage which is the holding. Let's say you have a decade investment target and you get to the overaccumulation stage in 7 years you can spend the next 3 years holding, without selling.

[Solokan]

Considering emergency fund and Bitcoin accumulation what should come first

Emergency fund lead to a financial stability while Bitcoin accumulation can result to long term wealth . It is important to  build a 3 to 6 month  emergency fund then accumulate bitcoin with a discretionary income. Because allow investor to avoid panic selling when there is a situation that requires urgent money.

I will like to hear how others balance opportunity versus security.

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual

But personally, I prefer accumulating BTC while accumulating an emergency fund. This makes investing more convenient because we can own BTC and also have an emergency fund. However, I think it's best to also accumulate a reserve fund and set it aside for buying BTC, especially when the price of btc drops This way, we can quickly acquire a lot of BTC by accumulating using the DCA technique, combined with other techniques

[Barikui1]

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual

No, I disagree with this your statement I made bold because not all method are good. You are doing something wrongly and emergency have not struck to wipe off all your efforts doesn't mean that you are doing it the right way, because to the best of my knowledge, the right way to go about your bitcoin investment journey is by accumulating your bitcoin alongside your emergency and reserve funds, so that just in case of any emergency situation, you wouldn't be forced to sell the Bitcoin you have already accumulated. So it's wrong to be saying that their is nothing wrong in saving your emergency and reserve funds first before starting your accumulation journey or start investing for a very long time before thinking of putting down your emergency funds, both of them are all wrong.

[alankasman]

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual

But personally, I prefer accumulating BTC while accumulating an emergency fund. This makes investing more convenient because we can own BTC and also have an emergency fund. However, I think it's best to also accumulate a reserve fund and set it aside for buying BTC, especially when the price of btc drops This way, we can quickly acquire a lot of BTC by accumulating using the DCA technique, combined with other techniques

You're right because we can't just say whatever we want because what we think might not align with what others think. So I boldly agree with what you said on this matter.
The bottom line is that whatever we do the decision remains our own.

Sometimes people who want to invest of course in my personal opinion they still first think about something called an emergency fund because this is one way that can relieve our burden in investing so in my opinion it is better to do something like that for the reason that sometimes a person's income is not completely stable so by collecting emergency funds it is the right step taken by someone so that when investing a person feels free with daily needs for the reason of preparing what is needed first rather than investing first but with the collection of these funds it can be two options the first option if the funds are not used by the family of course these funds will be our option when our position is in a very difficult situation and the second option can still be used by the family without asking us again because basically we as people have responsibilities towards them.

As you mentioned accumulating BTC while accumulating an emergency fund is something many people desire but the desire and the action are certainly difficult to implement making it merely a dream for those who want it but can't do it. If they were able to accumulate BTC while accumulating an emergency fund I think many people are currently buying BTC with the intention of accumulating a large amount for long-term investment, especially with current market conditions being very favorable for those with emergency funds. However it's still a personal decision to determine the amount of BTC to accumulate.

[cyberninja2]

You are right BTC investment isn't like buying and selling of goods and services it's an investment that requires consistent buying of bitcoin and be hodling it for a long time, buying and selling of bitcoin when the investment is yet mature or it's not yet to sell or not have gotten to your bitcoin accumulation stage before selling is trading and gambling. Bitcoin is long time investment there should be time duration before selling and not even selling all but just some portion of your holding and still continue holding and be buying again, selling your bitcoin after a short period of getting started is not an investment rather it's a trading.

This is a common mistake made by many people especially beginners who sometimes sell suddenly without waiting for the right time or long enough. This can also cause them to quickly become bored with investing in Bitcoin in the old way so they just do it as they please without considering long-term investment.

In the investment cycle one of the ways that we need to do in my opinion is to do it consistently when we invest in Bitcoin. This aims to get maximum results for our profits in the future by having sufficient assets and also another option is having patience in waiting for what we invest because if we don't have these two things, in my opinion, we always fail in investing in BTC because many things happen to the methods used when investing, in the end it is also normal for them to do investments like what you said about their BTC investments, such as buying and selling and services.

[Loyang]

Considering emergency fund and Bitcoin accumulation what should come first

Emergency fund lead to a financial stability while Bitcoin accumulation can result to long term wealth . It is important to  build a 3 to 6 month  emergency fund then accumulate bitcoin with a discretionary income. Because allow investor to avoid panic selling when there is a situation that requires urgent money.

I will like to hear how others balance opportunity versus security.

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual

But personally, I prefer accumulating BTC while accumulating an emergency fund. This makes investing more convenient because we can own BTC and also have an emergency fund. However, I think it's best to also accumulate a reserve fund and set it aside for buying BTC, especially when the price of btc drops This way, we can quickly acquire a lot of BTC by accumulating using the DCA technique, combined with other techniques

It is a completely personal decision which method they will use, but each person should understand which method is best for them. Creating an emergency fund in a balanced way with investments is very good for an investor. Because when a person creates an emergency fund and investments at the same time, they will not miss out on buying opportunities and there will be no problem in creating an emergency fund for investment. Creating an emergency fund and investments at the same time is the best and most beautiful method.

I think it's best to also accumulate a reserve fund and set it aside for buying BTC, especially when the price of btc drops This way,

Investing with a reserve fund will be the right decision in some cases, but investing with a reserve fund or keeping the decision to invest with a reserve fund will not be the right decision all the time. A reserve fund is basically created to deal with a planned financial crisis (or we can say it is created as a second layer of our security). You can invest with a reserve fund at that time when you do not have a planned expense and your financial situation is good, at that time you can invest with a reserve fund

[Deegodstime]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Sure.  Overaccumulation might not be clear to some folks, and so once in a while, I will provide some example of what it might mean - and frequently I am referring to guys who would have goals to stay invested in bitcoin for life.. so then once they reach overaccumulation status, then they have the option to stop of slow down in their BTC accumulation, and they may or may not end up transitioning into sustainable withdrawal status - even though it is logical that some time could pass at each stage.  Accumulating, then maybe maintenance and then maybe later sustainable withdrawal.. which means always keeping bitcoin.. and starting to sell some bitcoin in which the value of the bitcoin is likely going up greater than the amount being sold.

Do we need an example?

So for example, a guy who had an income of $30k per year accumulated $100 per week of Bitcoin between January 2016 and present, and so he invested $53k and he accumulated 15.3 BTC.  His plan was to begin to withdraw from his bitcoin once it would be able to support an $80k per year income, and so when he looks up 15.3 BTC, he sees that right now, it would support right around $80k per year sustainable withdrawal... so he has enough and maybe even more than enough BTC to get started withdrawing at a reasonable rate in which he considers the stash will continue to grow (in dollar value) greater than the amount that he would bre withdrawing. Of course, if he were to have even more BTC than the 15.3, then he would have extra BTC to give him even more assurance about having enough or more than enough.. and surely since bitcoin prices are currently down, he may well purposefully choose to make downward adjustments in his withdrawal rate in order to make sure that the withdrawal rate that he is employing remains sustainable and that he is not overly withdrawing from his bitcoin stash.  Some guys will purposefully choose to either accumulate extra bitcoin or to wait a bit longer in time so that they have a cushion once they start their withdrawal and to feel comfortable that they are not withdrawing too much too soon..

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

We are ONLY talking about bitcoin in this thread.

What other coin were you thinking about buying?

I am a perfect example of those that never believed in bitcoin accumulation but experienced  drastic changes when I preferred investment over trading.  Although I won't channel blames on anyone because it was through trading i had about bitcoin but lost interest as it offered more lost than profit as experienced initially, not until I made bitcoin investment part of my culture then I realised its an investment worth venturing into. Bitcoin accumulation is a good practice for those that seeks stability financially as its a shortcut to success, I know because of the investment period one may think it will take time but no good thing comes easily. So adapting to investment accumulation process is a good process

[sotelorene]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Sure.  Overaccumulation might not be clear to some folks, and so once in a while, I will provide some example of what it might mean - and frequently I am referring to guys who would have goals to stay invested in bitcoin for life.. so then once they reach overaccumulation status, then they have the option to stop of slow down in their BTC accumulation, and they may or may not end up transitioning into sustainable withdrawal status - even though it is logical that some time could pass at each stage.  Accumulating, then maybe maintenance and then maybe later sustainable withdrawal.. which means always keeping bitcoin.. and starting to sell some bitcoin in which the value of the bitcoin is likely going up greater than the amount being sold.

Do we need an example?

So for example, a guy who had an income of $30k per year accumulated $100 per week of Bitcoin between January 2016 and present, and so he invested $53k and he accumulated 15.3 BTC.  His plan was to begin to withdraw from his bitcoin once it would be able to support an $80k per year income, and so when he looks up 15.3 BTC, he sees that right now, it would support right around $80k per year sustainable withdrawal... so he has enough and maybe even more than enough BTC to get started withdrawing at a reasonable rate in which he considers the stash will continue to grow (in dollar value) greater than the amount that he would bre withdrawing. Of course, if he were to have even more BTC than the 15.3, then he would have extra BTC to give him even more assurance about having enough or more than enough.. and surely since bitcoin prices are currently down, he may well purposefully choose to make downward adjustments in his withdrawal rate in order to make sure that the withdrawal rate that he is employing remains sustainable and that he is not overly withdrawing from his bitcoin stash.  Some guys will purposefully choose to either accumulate extra bitcoin or to wait a bit longer in time so that they have a cushion once they start their withdrawal and to feel comfortable that they are not withdrawing too much too soon..

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

We are ONLY talking about bitcoin in this thread.

What other coin were you thinking about buying?

The idea of overacumulation isn't something individuals will talk about enough most conversation are just about stacking for lifetime, if the aim is to stay in Bitcoin for long term knowing when to reduce down or shift gears is just as important as observing when to go hard it is not about exiting it's about managing the position intelligently while still holding the core.

You can not stack Bitcoin for lifetime because you will need to diversify into other important assets that is why we should have a target and plan on what level to attain in Bitcoin which we call overaccumulation stage though getting to this stage doesn't mean one will stop adding some.fractions of Bitcoin into their portfolio but rather the rate at which you will be adding will be different from before when you are yet to get to that level. And at this level you can decide to put more energy into another assets that you think it's worth doing that for.

[Kelward]

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

you have been registered in the forum recently and here you are giving advice about not putting our money in one coin or spend it all at once to buy coin, did you even know  the funds you're investing from? Because with  what you're saying here it means that you don't even know where to invest from. However, I don't see anything wrong if guys chose to invest with all their dictionary income for the week moreover before a guy will think of investing with the whole of his discretionary for the week it means that they have a steady cash flow which a guy that doesn't have a steady cash flow is likely to invest little by little so that before thier discretionary income will goes dry they must have added more to it.

It all comes down to choices you can do whatever pleases you with your own money but if you don't make quality financial decisions you will end up poor no matter how rich you are now. When it comes to cryptocurrency Bitcoin has proven that it has the ability to recover after every dip, this is something that shitcoins have not proven that they can achieve. You can choose to hold more than one cryptocurrency but you need to consider which one you will hold and not panic everything it dip because you're not sure whether it can recover. Most of us agree that Bitcoin is the best coin to invest in and if you want to grow your investment the best strategy is DCA method, it is as clear as that the choice is ours.