Buy Buy Buy or Sell Sell Sell?

[Showlove01]

If you are trying to make money through your investing, you are trading, not investing.

Perhaps if you can figure out ways to earn income and to support yourself from your income, then you don't have to worry about earning money from your investment until later down the road.. perhaps after a couple of cycles of investing into bitcoin.

There are things people don't understand, as soon as an investor starts his Bitcoin journey, everything should be centered on how to make the investment a smooth process by looking out for ways to have more funds to invest, just like looking for improved income not necessarily thinking about profit when we already know that Bitcoin investment is a long-term thing, I think those that think about profit from a start are not real investors although they have their choices of action and decisions but can never be called investors, you can invest today and want to withdraw tomorrow and called yourself a serious investor, people keep deceiving themselves but the real thing is that Bitcoin is futuristic in nature and those who understand that part don't deviate from it.

There are some folks who don't know the difference between trading and investing, so they refer to trading as investing.. and some of the folks are really smart, yet they don't realize how to get themselves into a different mindset.

Of course, it is understandable that people need to make a living and they have to have enough income so that they can pay for their expenses, yet if they are not earning enough money, then they are forced to sell from their investment or maybe they are trying to use their investment to cover potential short-falls in their monthly expenses, and so they don't realize that while a person is building up his capital, it is better not to be relying on the bitcoin investment (or trades) for supporting oneself in the short-term... and so even though they still think that they are investing, they ultimately don't have enough money (capital) to support what they are trying to achieve. .which is they want their investment to grow while they are also shaving off portions of it to pay for their monthly living expenses... .which many of us would characterize that as trading and/or gambling rather than investing... .. and it is quite rare that anyone is able to build up their capital in that kind of a way,. unless perhaps they might "hit it big" and then change their behaviors after they "hit it big," yet the problem is that they likely have been developing and practicing bad habits, practices and bad thinking in terms of how to differentiate investing and trading (and why it matters, too).

You are absolutely right sir . Many people understand the difference between trading and investing in terms of language, but not in behavior. They think, "I put money in Bitcoin, so I'm an investor." But at the same time, they want to get short-term cashflow from that same position, cover monthly expenses, buy on dips, sell on pumps, and still call themselves long-term investors. This is where the mindset is messed up. The asset class may be the same, but if the behavior goes into short-term survival mode, then it is no longer proper investing. Then it becomes trading, shaving, or in many cases plain gambling.

You are right that is how some people understand Bitcoin investment and they are always been hurt at the end so that is their business and they will continue to be hurt by market volatility until they stop and follow the main path which is Investing and holding for a long period of time. But the truth here is that some people who is into Bitcoin trading has the mentality of sports gambling, they have the believe they will make it through trading Bitcoin but most of them always realized later that they have had more loss than profit.

[Hardyrobust]

[Edited out]

what did you call them again? Newbies right?

That alone already explains a lot.. If someone is still new, it means they do not really have that solid understanding about Bitcoin investment yet..  Most of them are still trying to learn, observe, and even compare different ideologies..

So when you say you are still wondering why they act that way… hmm, it’s kinda funny because that’s literally what makes them newbies in the first place, they are still figuring things out, that is why most of them are here in the first place…

I understand the term "newbies" to say that someone is new to bitcoin, yet it does not mean that they are new to life.  In other words, newbies can come from a variety of experience levels, knowledge levels and even capable of learning levels.  The ONLY thing they share in common is that they are new to bitcoin.

There are other things that I presume about most people not having investment experience, and perhaps if they are on a forum then they are an adult and/or mature, even though those matters may or may not end up being true, so some folks might need to clarify their own situations (and perspectives) to the extent that their situations/perspectives might be relevant in regards to either points they are making or questions that they might be asking.

You're absolutely correct, and I'm glad you made this very clear to each and everyone of us here that being a newbie does not mean that they are new to life. As a matter of fact most of the people that claims to be newbie or beginners here are even older than majority of the users here Which they might have had enough experience and even well knowledgeable than most of us who claims to know everything about bitcoin and I believe with that experience and the knowledge they had they can be able to differentiate right and wrong because in reality they not newbies, is just a title given to someone who is new to something but the fact that they are giving this title does not mean  they can't understand or stick to some simple instructions unless they are told.

Yes that's correct being a newbie doesn't mean that the person knowledge is limited or that the person isn't knowledgeable. There are people who has learnt about bitcoin earlier before coming to join the forum. So they have accumulated wealth of knowledge than some older members in the forum. Being a newbie doesn't limit ones ability or prowess as it is possible for a newbie to be more knowledgeable than an older member in the forum.

[Bigjoe33]

Keeping your accumulation consistent is the good part, the amount itself is not the main issue. You can even be a bit flexible with how much you invest in each time, no problem. as long as you are not inconsistent with the DCA itself.

Once the DCA is good and kind of steady, you are already doing the most important part right, everything else can adjust along the way..

The amount that is being used should always a major factor to consider this is coz it is what determines the outcome/or size of your investment in the long term... If your focus is to accumulate for a longer timeframe of say 10years, the result of that your accumulation always depends on the amount you are consistently allocating to your investment...

Am really not against folks applying some level of flexibility to their investments( i.e reducing their investments amounts when they have low Discretionary income and then increasing it when their discretionary income increases), but then again, folks have to understand that any decision that they take pertaining their investment, it always has it own consequences... And so the consequences of applying too much flexibility and/or constantly changing or reducing your investment amount is that it could slow down your investment in such a way that it's growth won't match your expectations( what you intend to accumulate within the duration of your investment)...

And so I think that it is much more better if that investor just try and figure out a much more permanent solution to having and/or increasing the availability of their discretionary income... And they can very well achieve this by creating more consistent income sources, investing into skills that can bring in more money(Discretionary income), tracking where/what your income is spent on so as to cut down any unwanted expenses and whatnot... If this are properly implemented, am very sure that folks will have discretionary income handy so they can consistently and comfortably invest as aggressive as they can for a longer time frame of like 10years....

Finding a long lasting solution in income availability so that you can maintain a level of amount in your accumulation is good, no doubts, but that shouldn't be a reason while plebs should look less on there strength in accumulation of Bitcoin gradually with the little discretionary they can make available from there income.

Surely, there can be fluctuations in there weekly or monthly accumulation amounts, and of course, this could be due to high expenses or low income for that week or month, but so long as he remains accumulating, even in a low income, it is something great as long as he can remain consistent for a long term, he would surely accumulate something tangible over the years.

Thus, much concentration is not much on the amount to start your accumulation, but your ability to always get your discretionary income, with which he would invest. And if this is been gotten always, one can always increase accumulation amount when it's higher and also decrease when it reduces. But remaining consistent is a very great deal

[Kelward]

Many people misunderstand what it means to invest in Bitcoin. From day one there focus should be on consistency and sustainability, focusing on ways to increas their Bitcoin accumulation. Not chasing quick profit.

Bitcoin is a long term investment, if your mindset is centered on immediate gain  you are likely to struggle to remain consistent. Real investor understand patience and discipline. Bitcoin is futuristic and those who truly understand  that stay consistent and don't get distracted by short term gains.

That is true and indeed that should be the mindset, but if there are those who are only chasing short-term profits, I think they are people who have just started investing in Bitcoin and are still mistaken in assessing this investment, because we have seen from the past that Bitcoin will continue to develop and the same thing can continue to happen, so we do not need to be afraid of anything and just believe that the same will continue to happen in the future, so our focus should rightly only be on accumulating as much as possible and as much as we can.

To be focused in Bitcoin investment is to think long term and continue to buy as long as your discretionary funds can afford, you don't need to monitor the market for the purpose of knowing whether you're making profit or not. What you should know is that your Bitcoin is not lost its only the value that increases or decreases according to market demand and supply. Bitcoin has proven that on the long term that it always reaches ATH which happened late last year so even if you buy at a price that you consider high today you should believe that it can reach ATH as it has always.

With this in mind you shouldn't chase for quick profits like traders what you should focus on is to see continuous ATH in the future and that is why for now you should focus on continuous buying as long as you have your discretionary funds. Your long term plan should be to hold for up to 10 years and more, your short term plan should be to always have available discretionary funds to accumulate periodically as your income drops.

[POPOLUV]

If you are trying to make money through your investing, you are trading, not investing.

Perhaps if you can figure out ways to earn income and to support yourself from your income, then you don't have to worry about earning money from your investment until later down the road.. perhaps after a couple of cycles of investing into bitcoin.

There are things people don't understand, as soon as an investor starts his Bitcoin journey, everything should be centered on how to make the investment a smooth process by looking out for ways to have more funds to invest, just like looking for improved income not necessarily thinking about profit when we already know that Bitcoin investment is a long-term thing, I think those that think about profit from a start are not real investors although they have their choices of action and decisions but can never be called investors, you can invest today and want to withdraw tomorrow and called yourself a serious investor, people keep deceiving themselves but the real thing is that Bitcoin is futuristic in nature and those who understand that part don't deviate from it.

There are some folks who don't know the difference between trading and investing, so they refer to trading as investing.. and some of the folks are really smart, yet they don't realize how to get themselves into a different mindset.

Of course, it is understandable that people need to make a living and they have to have enough income so that they can pay for their expenses, yet if they are not earning enough money, then they are forced to sell from their investment or maybe they are trying to use their investment to cover potential short-falls in their monthly expenses, and so they don't realize that while a person is building up his capital, it is better not to be relying on the bitcoin investment (or trades) for supporting oneself in the short-term... and so even though they still think that they are investing, they ultimately don't have enough money (capital) to support what they are trying to achieve. .which is they want their investment to grow while they are also shaving off portions of it to pay for their monthly living expenses... .which many of us would characterize that as trading and/or gambling rather than investing... .. and it is quite rare that anyone is able to build up their capital in that kind of a way,. unless perhaps they might "hit it big" and then change their behaviors after they "hit it big," yet the problem is that they likely have been developing and practicing bad habits, practices and bad thinking in terms of how to differentiate investing and trading (and why it matters, too).

You are absolutely right that some folks misinterpret the difference between trading and investing, so however those folks took decisions to embark on trading to make a living and if by any chance they hit it big in gambling, they will start looking for those that will follow them to gamble with them, and the fact of making a living has mislead many people that could have made it through long term investment yet they progress by making use of short term, i know that as our faces is defer that is how our mindset is quite different from one another and that is how our choices of investing will be different too, but like they say that my people perish because of lack of knowledge, so in all some newbies that are victim of engaging in gambling might be due to lack information on how Bitcoin really works because in a right senses i don't see some that will tell all about on how Bitcoin works that can consider making use of short term investment instead of longer term investment.

[ChocolateBitcoinK]

Yes that's correct being a newbie doesn't mean that the person knowledge is limited or that the person isn't knowledgeable. There are people who has learnt about bitcoin earlier before coming to join the forum. So they have accumulated wealth of knowledge than some older members in the forum. Being a newbie doesn't limit ones ability or prowess as it is possible for a newbie to be more knowledgeable than an older member in the forum.

It is never reasonable to judge someone's knowledge based on the registration date of their forum account. This kind of thinking that someone is new means they know less or are inexperienced is very wrong. I agree with you, if someone has gained real experience, then they can have deeper knowledge than many older members, and it is not at all reasonable to judge someone's skill based on their forum rank alone. Because there are countless very skilled investors who have not even joined this forum yet.

[Marvelockg]

[Edited out]

what did you call them again? Newbies right?

That alone already explains a lot.. If someone is still new, it means they do not really have that solid understanding about Bitcoin investment yet..  Most of them are still trying to learn, observe, and even compare different ideologies..

So when you say you are still wondering why they act that way… hmm, it’s kinda funny because that’s literally what makes them newbies in the first place, they are still figuring things out, that is why most of them are here in the first place…

I understand the term "newbies" to say that someone is new to bitcoin, yet it does not mean that they are new to life.  In other words, newbies can come from a variety of experience levels, knowledge levels and even capable of learning levels.  The ONLY thing they share in common is that they are new to bitcoin.

There are other things that I presume about most people not having investment experience, and perhaps if they are on a forum then they are an adult and/or mature, even though those matters may or may not end up being true, so some folks might need to clarify their own situations (and perspectives) to the extent that their situations/perspectives might be relevant in regards to either points they are making or questions that they might be asking.

You're absolutely correct, and I'm glad you made this very clear to each and everyone of us here that being a newbie does not mean that they are new to life. As a matter of fact most of the people that claims to be newbie or beginners here are even older than majority of the users here Which they might have had enough experience and even well knowledgeable than most of us who claims to know everything about bitcoin and I believe with that experience and the knowledge they had they can be able to differentiate right and wrong because in reality they not newbies, is just a title given to someone who is new to something but the fact that they are giving this title does not mean  they can't understand or stick to some simple instructions unless they are told.

Yes that's correct being a newbie doesn't mean that the person knowledge is limited or that the person isn't knowledgeable. There are people who has learnt about bitcoin earlier before coming to join the forum. So they have accumulated wealth of knowledge than some older members in the forum. Being a newbie doesn't limit ones ability or prowess as it is possible for a newbie to be more knowledgeable than an older member in the forum.

The way you speak and responds to things shows if you're a newbie that has little knowledge of bitcoin investment or just a newbie that just got into the forum but already has a vast wealth of knowledge of bitcoin even off the forum.

It's one thing to be an old member of the forum and a totally different thing to have gained an handful of knowledge throughout your stay on the forum. If I'm making a comparison of two persons with one of them highly knowledgeable about bitcoin before he comes into the forum and has probably bought a chunk of bitcoin even though his account reads him to be a newbie and another just studied the forum and has manager to gather a lot of merit which has shifted his rank high on the forum, the truth remains that the newbie is the old members that hasn't applied his knowledge of bitcoin in a profitable manner.

[Grace333]

There are some folks who don't know the difference between trading and investing, so they refer to trading as investing.. and some of the folks are really smart, yet they don't realize how to get themselves into a different mindset.

Of course, it is understandable that people need to make a living and they have to have enough income so that they can pay for their expenses, yet if they are not earning enough money, then they are forced to sell from their investment or maybe they are trying to use their investment to cover potential short-falls in their monthly expenses, and so they don't realize that while a person is building up his capital, it is better not to be relying on the bitcoin investment (or trades) for supporting oneself in the short-term... and so even though they still think that they are investing, they ultimately don't have enough money (capital) to support what they are trying to achieve. .which is they want their investment to grow while they are also shaving off portions of it to pay for their monthly living expenses... .which many of us would characterize that as trading and/or gambling rather than investing... .. and it is quite rare that anyone is able to build up their capital in that kind of a way,. unless perhaps they might "hit it big" and then change their behaviors after they "hit it big," yet the problem is that they likely have been developing and practicing bad habits, practices and bad thinking in terms of how to differentiate investing and trading (and why it matters, too).

Sure there are differences between trading and investing but sometimes I get confused when critically considering the difference between the two especially when it concerns the intention of the person behind it.  What I'm saying is holding for at least a cycle is what we consider to be investment but if someone sells off their bitcoin after investing for 4 year and start all over again seems to be trading for me but on a long term endurance, though this is just my perspective.

Those who have similar experience from your example will likely end up trading even though they had an intention of investing in the first place. Life happens sometimes and not on our making to determine every situation we find ourselves but if our true intentions is for sustainability then we ought to think of strategies and ways to keep us on track even when we find ourselves on unforseen circumstances. The importance of emergency funds cannot be overemphasized especially when the goal is long term, and that's one of the reasons why investing is less risky than trading.

[Solokan]

Structure wise I think bitcoin will fall, however this is not a bad time to buy bitcoin for long term investments. Opinion is to buy little now and hopefully it goes lower you buy again. That way you get the whole trend and enjoy your investment

Yes, that’s true—since this is a bear market, BTC’s price will likely continue to fall. However, there’s no harm in buying BTC right now, as long as you hold it for the long term. That said, using DCA is definitely the best strategy right now, because during a downtrend, you’ll likely see better returns in the future.

But what’s certain is that we must be prepared to be patient and resist the temptation, because it’s not uncommon—when buying BTC at a low price—to be tempted to sell when BTC experiences even a slight rise. And there are also many people who regret selling their BTC because the price keeps rising, so in my opinion, we must stay strong in every situation. But what’s certain is that this is a good moment, and honestly, as someone currently practicing DCA, I’m very happy with this bear market and feel even more enthusiastic when buying BTC.

[Frankolala]

Yes, that’s true—since this is a bear market, BTC’s price will likely continue to fall. However, there’s no harm in buying BTC right now, as long as you hold it for the long term. That said, using DCA is definitely the best strategy right now, because during a downtrend, you’ll likely see better returns in the future.

But what’s certain is that we must be prepared to be patient and resist the temptation, because it’s not uncommon—when buying BTC at a low price—to be tempted to sell when BTC experiences even a slight rise. And there are also many people who regret selling their BTC because the price keeps rising, so in my opinion, we must stay strong in every situation. But what’s certain is that this is a good moment, and honestly, as someone currently practicing DCA, I’m very happy with this bear market and feel even more enthusiastic when buying BTC.

This is why a brand new investor should always have a long-term bitcoin investment mindset and a bitcoin target to accumulate. That will make him focus on buying regularly without being distracted by the price movement of bitcoin because he has a goal to achieve.

When you don't have a bitcoin target and long-term investment mindset, it can lead you to wrong decisions making and sell your bitcoin too early or transform into a trader.

[Cgrexp]

Sure there are differences between trading and investing but sometimes I get confused when critically considering the difference between the two especially when it concerns the intention of the person behind it.  What I'm saying is holding for at least a cycle is what we consider to be investment but if someone sells off their bitcoin after investing for 4 year and start all over again seems to be trading for me but on a long term endurance, though this is just my perspective. Those who have similar experience from your example will likely end up trading even though they had an intention of investing in the first place. Life happens sometimes and not on our making to determine every situation we find ourselves but if our true intentions is for sustainability then we ought to think of strategies and ways to keep us on track even when we find ourselves on unforseen circumstances. The importance of emergency funds cannot be overemphasized especially when the goal is long term, and that's one of the reasons why investing is less risky than trading.

There is a big difference between the perspective of a trader and an investor on Bitcoin. Experienced investors can easily get annoyed by traders who think they know how to ride the waves of the market. For those who have been invested in Bitcoin for a few cycles or more, it is extremely difficult for traders to outperform them. This is because investors have simply followed a buy-and-hold strategy. The longer someone has been investing and has already made an initial investment, the harder it is for a trader to lose. Even those who are buying continuously can easily and with less risk increase their average than a trader. Trying to sell Bitcoin and buy it back again is risky and adds an element of gambling. Trading is especially bad for those who are building their stack. Investors should aim for long-term savings, risk reduction, and steady growth. Of course, it is possible to build a stack quickly from trading, but it is better not to add an element of gambling to my investments. The ego of traders and the mentality of following a strategy confuses beginners. Success in Bitcoin comes through patience, consistency, and consistency in investing. Trading or gambling is harmful for new investors and investors should aim to create long-term, permanent wealth.

[Sarah_Jannat42]

You are right that is how some people understand Bitcoin investment and they are always been hurt at the end so that is their business and they will continue to be hurt by market volatility until they stop and follow the main path which is Investing and holding for a long period of time. But the truth here is that some people who is into Bitcoin trading has the mentality of sports gambling, they have the believe they will make it through trading Bitcoin but most of them always realized later that they have had more loss than profit.

Confusing Bitcoin investment with trading is a fundamental mistake. Investing in Bitcoin should be done on a long-term basis, but when it is done on a short-term basis, it becomes trading. So, you have to be consistent with the fundamentals in Bitcoin. Trading is a personal thing, but I prefer investing in Bitcoin on a long-term basis and of course consistently.

[PhilosopherKing]

What I'm saying is holding for at least a cycle is what we consider to be investment but if someone sells off their bitcoin after investing for 4 year and start all over again seems to be trading for me but on a long term endurance, though this is just my perspective.

Intention is the word that distinguishes traders from investor.

Holding for a cycle is only called a investment when the person fully holds through that period. If a person intention is to be reacting to price and selling part of your bitcoin along the way before they reach a cycle then they are not a investor.

I always think it is dumb for people to sell all their bitcoin after a cycle and start over again. Trader intention is profit and they so they don't mind doing such a thing.

Investor has a plan and those lots dont get moved by short time profit and they do not give begin to give theirselfs reasons to sell when they have not reached the goal. That is what makes them to be different from traders.

[I_Anime]

You are right that is how some people understand Bitcoin investment and they are always been hurt at the end so that is their business and they will continue to be hurt by market volatility until they stop and follow the main path which is Investing and holding for a long period of time. But the truth here is that some people who is into Bitcoin trading has the mentality of sports gambling, they have the believe they will make it through trading Bitcoin but most of them always realized later that they have had more loss than profit.

Confusing Bitcoin investment with trading is a fundamental mistake. Investing in Bitcoin should be done on a long-term basis, but when it is done on a short-term basis, it becomes trading. So, you have to be consistent with the fundamentals in Bitcoin. Trading is a personal thing, but I prefer investing in Bitcoin on a long-term basis and of course consistently.

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment, some folks are fond wasting resources in trading rather than building their investment.

[Stable090]

Confusing Bitcoin investment with trading is a fundamental mistake. Investing in Bitcoin should be done on a long-term basis, but when it is done on a short-term basis, it becomes trading. So, you have to be consistent with the fundamentals in Bitcoin. Trading is a personal thing, but I prefer investing in Bitcoin on a long-term basis and of course consistently.

When making investment, it’s better to invest in bitcoin for long term, but we should know that there are still some people that invest in bitcoin for short term, and that doesn’t make them a trader. I don’t really encourage people to invest in bitcoin for short term because of the risk involved in it, investing in bitcoin for short period of time comes with a great risk.

If you are planning to invest in bitcoin, just make use of DCA strategy and make sure you holding for long term, you won’t be worried about bitcoin price movement because you know that even if bitcoin price crashes or pumps, you not going to be selling soon. If you are investing in bitcoin for long term, just make sure you properly back up your seed phrase, then forget about the bitcoin in your wallet.

I do trade and I do invest also, but the risk and stress in trading is just high, so I don’t even bother myself trading always, I always do that whenever I want, mostly I invest in bitcoin.

[Silikiem]

Confusing Bitcoin investment with trading is a fundamental mistake. Investing in Bitcoin should be done on a long-term basis, but when it is done on a short-term basis, it becomes trading. So, you have to be consistent with the fundamentals in Bitcoin. Trading is a personal thing, but I prefer investing in Bitcoin on a long-term basis and of course consistently.

When making investment, it’s better to invest in bitcoin for long term, but we should know that there are still some people that invest in bitcoin for short term, and that doesn’t make them a trader. I don’t really encourage people to invest in bitcoin for short term because of the risk involved in it, investing in bitcoin for short period of time comes with a great risk.

If you are planning to invest in bitcoin, just make use of DCA strategy and make sure you holding for long term, you won’t be worried about bitcoin price movement because you know that even if bitcoin price crashes or pumps, you not going to be selling soon. If you are investing in bitcoin for long term, just make sure you properly back up your seed phrase, then forget about the bitcoin in your wallet.

I do trade and I do invest also, but the risk and stress in trading is just high, so I don’t even bother myself trading always, I always do that whenever I want, mostly I invest in bitcoin.

You cannot justify that those who invest in bitcoin for short term are not traders. As a matter of fact they are not investors, they are simply traders because there’s nothing like short term investment in bitcoin. Bitcoin is a long term investment and those who doesn’t treat it as such are traders who are looking to get quick profit from bitcoin. It’s better you just focus on the long term investment aspect instead of trading at the same time because if you will be honest with yourself you will see that you’re actually losing money in the sense that if you buy now and sell, that same money you made as profit is what you might be using again to buy bitcoin including your capital because bitcoin price is so volatile that it can increase any time and at such you might be buying at a high price compared to the price you recently sold.

[Padi24]

I don’t think showlove01 is confusing Bitcoin  investment with trading . What he or she actually meant is that those that are trading bitcoin for shortterm profits, usually have more loss than profits . And they usually don’t realize it on time , but the truth is that is like that most time and there are still some that are still making a living from trading , but Make sure your trading plan doesn’t affect your bitcoin investment,some folks are fond wasting resources in trading rather than building their investment.

I think this is the perfect word for that, because it is obvious that they are wasting their resources in trading and this resources they are wasting in trading could yield something very significant if they had invest it in bitcoin. But I see that majority of the traders have not realize their mistake because if they do, they won't be their trying to recover from their lost instead they will be looking into diversifying into bitcoin investment but I believe with time they will surely realize their mistake, and then think of making correction that's by engaging themselves into Long term investment.

[Emjay24]

With this in mind you shouldn't chase for quick profits like traders what you should focus on is to see continuous ATH in the future and that is why for now you should focus on continuous buying as long as you have your discretionary funds.

focusing on new ATHs is still focusing on price and it is the wrong thing to focus upon in your ongoing accumulation journey, if you're focused on new ATHs, then you're speculating on the price and if it doesn't come within a specified period which you expected it, your confidence may be reduced and you start doubting your choice of investment. Such a mindset can see you stop buying for a while and remain stagnant until bitcoin crosses a new ATH and your confidence returns, thereby you are beginning to incorporate the discipline and mindset of a trader, although unknown to you

It is important that investors focus on achieving a descent portfolio and reaching their accumulation target faster within their holding period. It becomes very important to focus more on your dedication, commitment to reaching your accumulation target and consistency and regular buys, managing your cash flow properly in order to continue accumulating and hold for long and building out backup funds properly alongside your ongoing accumulation of bitcoin.

[Sticky Bomb]

Structure wise I think bitcoin will fall, however this is not a bad time to buy bitcoin for long term investments. Opinion is to buy little now and hopefully it goes lower you buy again. That way you get the whole trend and enjoy your investment

Yes, that’s true—since this is a bear market, BTC’s price will likely continue to fall. However, there’s no harm in buying BTC right now, as long as you hold it for the long term. That said, using DCA is definitely the best strategy right now, because during a downtrend, you’ll likely see better returns in the future.

Speculating on bitcoin price movement instead of focusing on your consistency in your regular purchases is a wrong move, DCA is a good strategy to buy even beyond now as long as you are still in your accumulation stage and still have discretionary income available, we continue accumulating consistently not just because we are in a downtrend, but because we want to secure our financial future in bitcoin, so there is need to continue regularly buying even after the downtrend to keep getting ahead in our investment journey and even if we get at high prices, DCA ensure that the effect of volatility is smoothened out on our investment with the purchases we made at lower prices, but the most important thing is that we are adding regularly to our stash and getting closer to our target.

But what’s certain is that we must be prepared to be patient and resist the temptation, because it’s not uncommon—when buying BTC at a low price—to be tempted to sell when BTC experiences even a slight rise. And there are also many people who regret selling their BTC because the price keeps rising, so in my opinion, we must stay strong in every situation. But what’s certain is that this is a good moment, and honestly, as someone currently practicing DCA, I’m very happy with this bear market and feel even more enthusiastic when buying BTC.

This is why you need to have an accumulation target and a holding duration, you also need to build out your backup funds alongside your accumulating bitcoin so that you've enough financial balance to resist the temptation of selling much BTC too soon at a time that is not planned.
You also need to be disciplined not to get carried away by the increased value of your stash when bitcoin prices goes higher but remain disciplined and committed to reaching your accumulation target and holding for a long-term (4-10 years or longer).

[Rabata]

With this in mind you shouldn't chase for quick profits like traders what you should focus on is to see continuous ATH in the future and that is why for now you should focus on continuous buying as long as you have your discretionary funds.

focusing on new ATHs is still focusing on price and it is the wrong thing to focus upon in your ongoing accumulation journey, if you're focused on new ATHs, then you're speculating on the price and if it doesn't come within a specified period which you expected it, your confidence may be reduced and you start doubting your choice of investment. Such a mindset can see you stop buying for a while and remain stagnant until bitcoin crosses a new ATH and your confidence returns, thereby you are beginning to incorporate the discipline and mindset of a trader, although unknown to you

For those who want to make decisions by observing the daily price of Bitcoin, holding Bitcoin will always be difficult because Bitcoin's short-term price movement helps to make decisions based on emotions, which can sometimes lead to fear and greed in the investor. This is definitely a big obstacle for a long-term investor. Investors must remember that Bitcoin is not a short-term investment scheme. One should not expect to get rich quickly through it. There are some investors who try to buy when the market is hyped and sell when it starts to fall. Such behavior will never enable the investor to achieve his portfolio. They will fail repeatedly in their investments. Those investors who can be smart in terms of holding, especially increasing their investment without panicking about volatility, will be able to build a large portfolio of Bitcoin.