Buy Buy Buy or Sell Sell Sell?

[PhilosopherKing]

Being new to Bitcoin does not mean being ignorant, but rather lacking experience. Even those of us who know a little bit today have made common mistakes like FOMO, wrong timing, excessive leverage, or selling for a small profit at one time or another. Learning from those mistakes and making the same mistakes over and over again, for beginners, I think there are three things that should be emphasized more Risk management Investing money that will not have a big impact on your personal life even if you lose it, Patience and planning It is more effective to follow specific strategies such as buying in small amounts regularly rather than making decisions based on sudden price movements. Self custody and security are very important, not leaving them on exchanges, but rather in a personal wallet and awareness of private keys. Not only pointing out mistakes, but also explaining the reasons behind mistakes helps beginners mature faster.

The most reliable knowledge in the world is the learning that is obtained from mistakes. Those who are new need to analyze the reasons for the steps they understand to be wrong and later protect themselves from all those mistakes and take relatively strong and mature decisions or steps. Literal knowledge and practical knowledge are completely different but both are necessary because one knowledge shows us the way and the other knowledge smooths our path. I agree with your words in that regard. None of us is above mistakes, but if we cannot learn from the mistakes we make or if those mistakes cannot enrich us, then those mistakes will not benefit us. So we need to analyze our mistakes and go through regular investment.

Nobody is above mistakes, true. But that does not mean that everybody is supposed to wreck their investments first all in the name of trying to learn. This forum is there and so is Mister JJG and others to help people learn and fix whatever mistakes they seem to be fucking around with before they wreck their investments.

For someone that is new, they can begin small and top up while they are ongoingly investing so whatever error they make as newbies wouldn't cost them a lot.

[HajiBagi]

The intention of buying dips is not bad but it creates problems when everyone is just waiting for this dip to buy but they move away from consistent investment. Dip buying works best when it is used in conjunction with continuous buying (DCA). The practice of DCA investment is very important because DCA investment strengthens an investor mentally as well as plays a good role in making the right decisions, as a result of which investors do not get too excited when the market fluctuates. In long-term investment, the psychological aspect is important because by buying gradually and consistently, an investor builds confidence, due to which he can take any decision regarding the investment.

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

Using DCA methods is a very good option for every investor but it is a choice for those who want to do it, i support the idea because it is the best option for everyone who wants to make themselves feel balanced when you are investing in bitcoin without thinking of the price, or waiting for the dip before buying but those who are willing to wait for dip to buy have the reasons for buying the dip, it is just a waste of time and it really affects some people that wants to buy.

Buying the dip is what some people are used to and they feels like it is their best option for them to buy at the price they want, everything has advantages and disadvantages but as a person who is serious to buy a bitcoin will never wait for the price to drop before buying bitcoin, bitcoin is unpredictable and waiting for the price to drop can make you regret if the price did not drop and you have been waiting for a long time.

[ejikeme24]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

[JayJuanGee]

[edited out]

I see new investors in Bitcoin a little differently. Newbies are those who have or will have some knowledge gaps that you or the knowledgeable people on this forum have at the beginning. And I am grateful to those who have been constantly advising us and also to your valuable comments. I have warned new investors and strategically encouraged them by first pointing out the mistakes they make in the beginning.
[/quote]Being new to Bitcoin does not mean being ignorant, but rather lacking experience. Even those of us who know a little bit today have made common mistakes like FOMO, wrong timing, excessive leverage, or selling for a small profit at one time or another. Learning from those mistakes and making the same mistakes over and over again, for beginners, I think there are three things that should be emphasized more Risk management Investing money that will not have a big impact on your personal life even if you lose it, Patience and planning It is more effective to follow specific strategies such as buying in small amounts regularly rather than making decisions based on sudden price movements. Self custody and security are very important, not leaving them on exchanges, but rather in a personal wallet and awareness of private keys. Not only pointing out mistakes, but also explaining the reasons behind mistakes helps beginners mature faster.
[/quote]

All of your points are reasonable Abelly - except, I think it bears clarifying that beginners do not need to learn self custody prior to getting started, and it might take a beginner several months before he starts to self-custody some or all of his bitcoin.

Frequently, it is much better to get used to figuring out discretionary funds and starting to invest in bitcoin right away, and even though self-custody is powerful for both individuals and for bitcoin as an asset class, many guys might have to spend some time to study their various self-custody options in order to figure out what form of self-custody they should learn and put into practice.. while at the same time recognizing that some folks are more technical than others, which is likely going to affect both how they learn about self-custody and how they might end up putting self-custody into practice.

[PERtua]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

I support both of you that the investment in Bitcoin is, after all, an individual matter, and all investors have to deal with the consequences of their personal actions. The prospect of waiting until a dip seems a strategic move, yet can also be used as an analysis as a reason to procrastinate long-term accumulation. There is no one who is impacted by your decision to delay purchase except on your portfolio growth. Discretionary income is a major determinant to most individuals. Once that is addressed well, it is easier and less stressful to have consistent DCA. It is hard to get the market exactly right, and a gradual accumulation strategy and commitment to a long-range belief can often be a more reasonable approach than trying to find the perfect entry point.

[ruykeri]

Nobody is above mistakes, true. But that does not mean that everybody is supposed to wreck their investments first all in the name of trying to learn. This forum is there and so is Mister JJG and others to help people learn and fix whatever mistakes they seem to be fucking around with before they wreck their investments.

For someone that is new, they can begin small and top up while they are ongoingly investing so whatever error they make as newbies wouldn't cost them a lot.

Here, senior members or those with experience like jjg do not say anything considering an individual person. They give an idea about a standard planning. From where a person has to make a decision based on his own situation. He never makes a decision. I have been able to learn a lot of things on my own. Depending on that, I am investing in Bitcoin. But I have to take the decision myself. Now it is important to start with a small amount to learn. But it should be with discretionary income. After starting investment, the experience that you will actually learn from will be very effective and according to your position. It is never possible to know the mental condition after investing and how to keep yourself calm during the fluctuations in the price of Bitcoin. Even in times of emergency, one has to start investing first to understand the importance of an emergency fund.