Buy Buy Buy or Sell Sell Sell?

[Brizi5000]

What you just need is enough discretionary income and you are good to go , choose the strategy that suit , like dca . Then you can decide the time convenient for you either monthly or weekly (your fixed purchasing time ), as time go you find means of improving your bitcoin investment as you gain more knowledge about it .

You don't need enough discretionary income before you can start your bitcoin investment because if you want to wait till you have enough discretionary income, you'll end up delaying your bitcoin investment and might not even invest at all. You can start your bitcoin investment with as low as $10 or more, what matters is for you to be consistent with your DCA weekly/monthly purchases overtime till you reach your bitcoin target.

As you are investing, you can work on increasing your income by looking for a second job learn a skill in order to generate more income. You can even improve your certificate by learning a course for a higher pay. This will enable you have an increase in discretionary income so that, you can increase your DCA amount.

What is enough discretionary income for you might not be enough for me therefore, you don't need to use lack of enough discretionary income as an excuse to remain a no coiner.

this is true because what you see as enough discretionary income might be different from what others will see as enough discretionary income, there's no discretionary income that can be seen as enough but rather they are all discretionary incomes. And no matter how little a discretionary income is one can still use it to start buying bitcoin, we must not wait until we have huge amounts of them before we can start investing in bitcoin rather all we can do is to try along the line while we are investing in bitcoin to improve our finances to enable us also improve the amount of discretionary incomes we allocate to our bitcoin investment.

[Joy- maker]

This issue of chasing quick profits is capable of making people to invest more than they can afford all because of greed. You see some investors out of greediness wanting to make it overnight tends to invest in bitcoin by using money that was meant to sort out other basic expenses and when the time comes for them to pay their bills they end up regretting because they will have no other choice than to tend towards selling their investment to sort themselves out and by so doing due to bitcoin volatility they sometimes end up selling at a very big loss. That’s one reason why it’s not really good chasing quick profits in bitcoin because the profit you’re chasing is not even a guarantee and in the process of chasing this profit you end up losing more. Bitcoin investment is a long term investment and there’s no need to be in a hurry for profit making but rather focus on consistent growth of the investment, buying with the amount you can afford no matter how little the amount, what matters most is the consistency in accumulation and hold, all those little buys can be rewarding in the long run.

Bitcoin investment is not a shortcut to wealth as some persons think or see it, rather It is a slow growth investment. It requires patient to see results, so those who lack patient are likely not to see good results from their Bitcoin investment.
 
Imo, If you want to invest in bitcoin and see results approach it with long term mindset, not short term mindset, accumulate Bitcoin with your discretionary income consistently, not money meant for your basic needs. Because if you accumulate Bitcoin with money meant for your basic needs or money you would be needing anything soon you are likely to sell your bitcoin investment at early stage of accumulation to settle your basic needs and in lost due to Bitcoin volatility.

[PhilosopherKing]

This issue of chasing quick profits is capable of making people to invest more than they can afford all because of greed. You see some investors out of greediness wanting to make it overnight tends to invest in bitcoin by using money that was meant to sort out other basic expenses and when the time comes for them to pay their bills they end up regretting because they will have no other choice than to tend towards selling their investment to sort themselves out and by so doing due to bitcoin volatility they sometimes end up selling at a very big loss. That’s one reason why it’s not really good chasing quick profits in bitcoin because the profit you’re chasing is not even a guarantee and in the process of chasing this profit you end up losing more. Bitcoin investment is a long term investment and there’s no need to be in a hurry for profit making but rather focus on consistent growth of the investment, buying with the amount you can afford no matter how little the amount, what matters most is the consistency in accumulation and hold, all those little buys can be rewarding in the long run.

It's more fitting to properly distinguish between a investor and a trader. A trader are the ones that are so obsessed with fast profit that is why they use money that is not discretionary income because they expecting profit to make it overnight

A real investors is not the greedy fellas. Investor always get to play it safe. They believe in ongoingly buying bitcoin for multiple cycles using their discretionary income

[Barikui1]

Imo, If you want to invest in bitcoin and see results approach it with long term mindset, not short term mindset, accumulate Bitcoin with your discretionary income consistently, not money meant for your basic needs. Because if you accumulate Bitcoin with money meant for your basic needs or money you would be needing anything soon you are likely to sell your bitcoin investment at early stage of accumulation to settle your basic needs and in lost due to Bitcoin volatility.

This is just the truth, which is 100% agree to, because for you to invest in Bitcoin and hold for a very long time without tempering with it, first you need to invest only from your discretionary income, money that is left after all basic needs have been met, and on no account should you invest beyond your discretionary income, because by doing so, you are putting your Bitcoin investment in a vulnerable state where you will later sell it, just to retrieve back the money used to invest, that shouldn't have been used in the first place, so don't ever invest beyond your discretionary income.

Secondly, putting down emergency and reserve funds in place is a must, for you to be able to hold strong when faced with real life emergencies, because without them in place, you are going to be powerless, and you will be forced to sell at a lost or prematurely due to emergency situation at hand. So all these are very important if you are investing in Bitcoin and is going long term.

[Mr_Brilliant$]

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

The best time to start investing was like yesterday... And so if folks have available their Discretionary income to use then rushing to kickstarting their investment is not problematic in any way... The problem only get to arise when folks are rushing to invest with the hopes of getting quick profits.. infact profits shouldnt be the primary concern of someone who is yet to reach over-accumulation...What should drive an individual into investment should be to building a better and solid portfolio...

There’s nothing wrong with starting your investment now or being aggressive.  The only issue is when you are being overly aggressive, which those that want quick profits are fond of most time . What you just need is enough discretionary income and you are good to go, choose the strategy that suit , like dca . Then you can decide the time convenient for you either monthly or weekly (your fixed purchasing time ), as time go you find means of improving your bitcoin investment as you gain more knowledge about it .

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

[Yablee0]

This issue of chasing quick profits is capable of making people to invest more than they can afford all because of greed. You see some investors out of greediness wanting to make it overnight tends to invest in bitcoin by using money that was meant to sort out other basic expenses and when the time comes for them to pay their bills they end up regretting because they will have no other choice than to tend towards selling their investment to sort themselves out and by so doing due to bitcoin volatility they sometimes end up selling at a very big loss. That’s one reason why it’s not really good chasing quick profits in bitcoin because the profit you’re chasing is not even a guarantee and in the process of chasing this profit you end up losing more. Bitcoin investment is a long term investment and there’s no need to be in a hurry for profit making but rather focus on consistent growth of the investment, buying with the amount you can afford no matter how little the amount, what matters most is the consistency in accumulation and hold, all those little buys can be rewarding in the long run.

It's more fitting to properly distinguish between a investor and a trader. A trader are the ones that are so obsessed with fast profit that is why they use money that is not discretionary income because they expecting profit to make it overnight

A real investors is not the greedy fellas. Investor always get to play it safe. They believe in ongoingly buying bitcoin for multiple cycles using their discretionary income

In addition to what you have said, the fair weather investors (gamblers) are actually not the best in any kind, they are very impatient, they're likely moved by little peanut (small profits) and not knowing the fact that the real benefits lyes at the button pot of their investment, Furthermore they likely to be more skeptical and sell at every given opportunity just to fix up their endless urge for money.

However, If you must be a real investors and desire to enjoy part of what Bitcoin innovation hold in stock for us then you must first acknowledge that their is more to enjoy when approaching with a long-term mindset.

[Finebone]

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

Yea, I agree with everything you spoke of that being aggressive from the start can be really problematic for a beginner, even though he is doing it from his discretionary income, because since he is just starting his Bitcoin investment, he has not stack up a good emergency and reserve funds then, so he might equally struggle to put them in place if he is too aggressive from the start, and he might even commit some blunders by going beyond his discretionary income due to being aggressive too early, especially if he is not knowledgeable enough to know how to go about his bitcoin investment. So it's not a nice practice for a beginner that is just starting to be aggressive in his accumulation.

[Qhunman]

this is true because what you see as enough discretionary income might be different from what others will see as enough discretionary income, there's no discretionary income that can be seen as enough but rather they are all discretionary incomes. And no matter how little a discretionary income is one can still use it to start buying bitcoin, we must not wait until we have huge amounts of them before we can start investing in bitcoin rather all we can do is to try along the line while we are investing in bitcoin to improve our finances to enable us also improve the amount of discretionary incomes we allocate to our bitcoin investment.

You right, because there are people who earns higher income than others and their discretionary income can't be the same. we don't need to wait until we have all the money in the world before investing in bitcoin. We can start with money we can afford and do away for a longer period of time. We must not despise our little beginning as everyone mustn't start big in bitcoin as we can invest with any amount provided it is their discretionary income. They can work on their finances latar by creating multiple source of income to increase the size of their discretionary income over time.

[Showlove01]

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

Yea, I agree with everything you spoke of that being aggressive from the start can be really problematic for a beginner, even though he is doing it from his discretionary income, because since he is just starting his Bitcoin investment, he has not stack up a good emergency and reserve funds then, so he might equally struggle to put them in place if he is too aggressive from the start, and he might even commit some blunders by going beyond his discretionary income due to being aggressive too early, especially if he is not knowledgeable enough to know how to go about his bitcoin investment. So it's not a nice practice for a beginner that is just starting to be aggressive in his accumulation.

You are right but most of the newbie that can do this you are saying are those that have alternative thought in Bitcoin investment and they always got themselves into a mess because a newbie who doesn't have an alternative thought in his Bitcoin investment will be very careful and mindful of the funds they use to invest because they will still be having the feeling they can lose their money and this is wisdom and being careful. Any newbie who is so aggressive in the beginning of their investment journey to the extent of touching funds outside their discretionary, most of them has plan B (trading).

[SmartCharpa]

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.

Yes, investing in BTC is not trading, so we definitely shouldn't be tempted by quick profits. If we do, it's potentially difficult to invest in BTC long-term. A great investor will focus solely on accumulating BTC and not think about quick profits. They're looking for greater returns by holding BTC for the long term.

Actually, investing in BTC for the long term is very easy. The most important thing is to be patient. Sometimes holding BTC is difficult, and few are tempted. However, we must remember our goals and aspirations so we can hold on to BTC firmly for the long term.

Everyone has a different mindset when it comes to investment. We have those who focus on long term goals, while some prefer short term goals. We cannot compare them together, because those who prefer short term goals lack the patience to hold for a long term. In fact,most of them do not believe that the future of Bitcoin will be greater than where it is today.

However, long term investors focus more on building their holdings and they never talk about quick profit. I believe that those who concentrate more on profit never have the intention of investing for a long term, otherwise, those people with a long term the mindset are only focus on accumulating. I also agree that long term investing requires patience and consistency.

[Promocodeudo]

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

To me there's time for everything, aggressive buying has it's own time, anyone can buy aggressively but the question is, do they have what can be used to buy aggressively, are they prepared to buy aggressively, it is rare to see a newbie that's ready or prepared to buy aggressively and to me, I think that's not a discussion for them, I'm talking about a real newbie not those that have a little idea, I mean a fresh and brand new Bitcoin investor, newbies just need to start with DCA as your statement good with DCA method consistent with their discreationary income not being aggressive at the first instance nah nah nah that's not a good advise from anybody.

What's enough discreationary and why's it important to invest with discreationary income, discreationary income is just your lafwy over after your expenses and the reason we are adviced to invest with it is because, it just like money that we won't be needing for anything, if we understand this, we'll know that it makes everything about our Bitcoin investment easy and less burdened, and we should know that our discreationary income grows as we earn more, however, anyone saying that intending investors need enough discreationary income to invest doesn't know what he she is saying.

[barisbilgili]

this is true because what you see as enough discretionary income might be different from what others will see as enough discretionary income, there's no discretionary income that can be seen as enough but rather they are all discretionary incomes. And no matter how little a discretionary income is one can still use it to start buying bitcoin, we must not wait until we have huge amounts of them before we can start investing in bitcoin rather all we can do is to try along the line while we are investing in bitcoin to improve our finances to enable us also improve the amount of discretionary incomes we allocate to our bitcoin investment.

You right, because there are people who earns higher income than others and their discretionary income can't be the same. we don't need to wait until we have all the money in the world before investing in bitcoin. We can start with money we can afford and do away for a longer period of time. We must not despise our little beginning as everyone mustn't start big in bitcoin as we can invest with any amount provided it is their discretionary income. They can work on their finances latar by creating multiple source of income to increase the size of their discretionary income over time.

It all really depends on our living needs, so no matter how large our income is, our discretionary income may not necessarily be large if our living expenses are high. So I think it is only right for us to look for additional income to meet everything, including for investment, because in my opinion when someone has a strong desire to invest, they will have a strong motivation to fulfill it, and that will become a reason to seek additional income.

[The Founding Titan]

This is why we should not think of success in Bitcoin investment by rushing, because the more we rush here, the more our risk will increase, especially when someone starts taking risks in the hope of quick profits, then he gradually moves away from reality and only wants to see the potential profit, which can ultimately cause major losses. We must be realistic in this case, if we expect that quick profits, we will never achieve anything good, Bitcoin's potential is in the long term, that is why we must think long-term here and control our emotions, and move forward steadily, the thought of quick profits forces people to make wrong decisions, which later leads to disappointment.

The best time to start investing was like yesterday... And so if folks have available their Discretionary income to use then rushing to kickstarting their investment is not problematic in any way... The problem only get to arise when folks are rushing to invest with the hopes of getting quick profits.. infact profits shouldnt be the primary concern of someone who is yet to reach over-accumulation...What should drive an individual into investment should be to building a better and solid portfolio...

There’s nothing wrong with starting your investment now or being aggressive.  The only issue is when you are being overly aggressive, which those that want quick profits are fond of most time . What you just need is enough discretionary income and you are good to go, choose the strategy that suit , like dca . Then you can decide the time convenient for you either monthly or weekly (your fixed purchasing time ), as time go you find means of improving your bitcoin investment as you gain more knowledge about it .

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

You can be investing in bitcoin with the DCA and still being aggressive with your investment, although I don't think newbies should bother with being aggressive just yet, especially when they are yet to completely figure out how much of their income is discretionary and how much is not, plus I think that if a person hasn't experienced and stayed holding bitcoin through a DIP then being to aggressive might not really be a good plan for them since they truly do not know for certain how they are going to respond to a DIP, it might be better to build consistency and sustainability first.

[As-Soon-As]

It's more fitting to properly distinguish between a investor and a trader. A trader are the ones that are so obsessed with fast profit that is why they use money that is not discretionary income because they expecting profit to make it overnight

How do we hold Bitcoin for a long time and use the idea of buying consistently. We will not choose any other path in any way, you mentioned the trader and taking quick profits, all these things should not be mentioned at all because it can confuse newbies.
A new investor does not know the right information, so it is most valuable to discuss how we participate in long-term investment and what steps should be taken to sustain Bitcoin investment for a long time.

A real investors is not the greedy fellas. Investor always get to play it safe. They believe in ongoingly buying bitcoin for multiple cycles using their discretionary income

The risk in long-term investment is very low, so we must establish a relationship with long-term Bitcoin investment. An investor does not have enough money, so it is not possible to buy Bitcoin with sufficient money at one time. Due to which it is easy for him to hold Bitcoin investment in the long term and buy Bitcoin repeatedly using the DCA strategy.
Because he can invest Bitcoin according to his ability with his discretionary income

[Sim_card]

You can be investing in bitcoin with the DCA and still being aggressive with your investment, although I don't think newbies should bother with being aggressive just yet, especially when they are yet to completely figure out how much of their income is discretionary and how much is not, plus I think that if a person hasn't experienced and stayed holding bitcoin through a DIP then being to aggressive might not really be a good plan for them since they truly do not know for certain how they are going to respond to a DIP, it might be better to build consistency and sustainability first.

A newbie shouldn't buy bitcoin aggressively in the beginning of his bitcoin investment because he hasn't been able to study his cash inflow properly in order to figure out his discretionary income in order to know his level of aggressiveness. Also, since hs hasn't set up his various backup funds, it will be very problematic for him and if care isn't taken he might buy over aggressively which will affect him because he will later sell his bitcoin investment when his needs arises.

The reason why I said this is because your level of aggressiveness depends on the availability of your backup funds and the level of your cash inflow at that moment.

You don't need to buy aggressively only during the dip, it's better you buy aggressively with DCA instead of waiting for the dip that might not come and piling up cash might not be a good option since, you might use it for other purposes instead, of putting it into your bitcoin investment.

[alankasman]

How do we hold Bitcoin for a long time and use the idea of buying consistently. We will not choose any other path in any way, you mentioned the trader and taking quick profits, all these things should not be mentioned at all because it can confuse newbies.
A new investor does not know the right information, so it is most valuable to discuss how we participate in long-term investment and what steps should be taken to sustain Bitcoin investment for a long time.

This is a common occurrence when discussing and answering there are always differing opinions which can lead to confusion. When providing answers it's best to understand and research them first aiming to provide consistent answers to everyone in this forum.

I think one of the things that might be able to hold Bitcoin for a long period of time is having to have other funds available as a tool to help us with what happens when someone is in a difficult time to control the time for the needs to be spent because if we don't have what I mentioned of course the thing to do to hold the investment that we make is a little complicated to hold Bitcoin for a long period of time because when someone needs it of course someone will sell even if it is a small amount but the amount will basically decrease over time, so having an emergency fund or saved funds is certainly our savior to continue to be able to hold the Bitcoin that we have for a long period of time.

[ChocolateBitcoinK]

this is true because what you see as enough discretionary income might be different from what others will see as enough discretionary income, there's no discretionary income that can be seen as enough but rather they are all discretionary incomes. And no matter how little a discretionary income is one can still use it to start buying bitcoin, we must not wait until we have huge amounts of them before we can start investing in bitcoin rather all we can do is to try along the line while we are investing in bitcoin to improve our finances to enable us also improve the amount of discretionary incomes we allocate to our bitcoin investment.

You right, because there are people who earns higher income than others and their discretionary income can't be the same. we don't need to wait until we have all the money in the world before investing in bitcoin. We can start with money we can afford and do away for a longer period of time. We must not despise our little beginning as everyone mustn't start big in bitcoin as we can invest with any amount provided it is their discretionary income. They can work on their finances latar by creating multiple source of income to increase the size of their discretionary income over time.

It all really depends on our living needs, so no matter how large our income is, our discretionary income may not necessarily be large if our living expenses are high. So I think it is only right for us to look for additional income to meet everything, including for investment, because in my opinion when someone has a strong desire to invest, they will have a strong motivation to fulfill it, and that will become a reason to seek additional income.

This happens to everyone, at one stage our income is very low, but despite the low income, we can manage our life very well at this time. At another stage our income increases a lot, but at that time our expenses also increase a lot, that is, people's needs change based on their financial situation. There will be no end to our needs, that is why if we try to end the needs first, it will never be possible, because the needs will never end. So we have to learn to manage with management, it is important to control the expenses properly through financial management, then everything will be under control.

[Bluedrem]

The risk in long-term investment is very low, so we must establish a relationship with long-term Bitcoin investment. An investor does not have enough money, so it is not possible to buy Bitcoin with sufficient money at one time. Due to which it is easy for him to hold Bitcoin investment in the long term and buy Bitcoin repeatedly using the DCA strategy.
Because he can invest Bitcoin according to his ability with his discretionary income

Long-term investment is not effective in all cases. But Bitcoin is an asset where long-term investment can be guaranteed to be profitable. Bitcoin increases its value several times in certain cycles, so if someone invests and waits for the next cycle or a few cycles, he will definitely be able to profit.
Since it is recommended to use discretionary income to invest in Bitcoin, there is no additional financial pressure to make the investment long-term, so a user can make his investment long-term if he wants.

[cocadalcan]

this is true because what you see as enough discretionary income might be different from what others will see as enough discretionary income, there's no discretionary income that can be seen as enough but rather they are all discretionary incomes. And no matter how little a discretionary income is one can still use it to start buying bitcoin, we must not wait until we have huge amounts of them before we can start investing in bitcoin rather all we can do is to try along the line while we are investing in bitcoin to improve our finances to enable us also improve the amount of discretionary incomes we allocate to our bitcoin investment.

You right, because there are people who earns higher income than others and their discretionary income can't be the same. we don't need to wait until we have all the money in the world before investing in bitcoin. We can start with money we can afford and do away for a longer period of time. We must not despise our little beginning as everyone mustn't start big in bitcoin as we can invest with any amount provided it is their discretionary income. They can work on their finances latar by creating multiple source of income to increase the size of their discretionary income over time.

It all really depends on our living needs, so no matter how large our income is, our discretionary income may not necessarily be large if our living expenses are high. So I think it is only right for us to look for additional income to meet everything, including for investment, because in my opinion when someone has a strong desire to invest, they will have a strong motivation to fulfill it, and that will become a reason to seek additional income.

Most success in Bitcoin investing depends on long term accumulation or long term holdings using leverage. Correct me if I'm wrong. Your living expenses will continue to increase due to inflation and this is true in almost every country. It is not easy to increase your discretionary income with income growth because many investors plan to increase their household expenses with their salary. I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

[Bigjoe33]

Most beginners goes on with their plan of investing in Bitcoin without properly  understanding the few basics. Like understanding the market, Risk management and  and patience.

New investors start investing in Bitcoin with the mindset of getting quick returns and when drips and the market start going against  their invented direction they start panicking and possibly start looking for a way out by trying to sell off their Bitcoin holding.

A beginner does NOT necessarily need to understand the market entirely, risk management and so on before they start. Come to think of it, how possible is it for a newbie investor to even understand all this market risk and proper management when he has NO experience about Bitcoin investment. So its not really that easy. Thus, what the newbie investor needs to begin his investment is just the basic knowledge of figuring out his discretionary income, and then can begin his investment, and then, the investor can begin small with his DCA buys while trying to learn risk management and also understand the market better, and if confidence is gained, he can increase his accumulation weekly or monthly.

If a newbie makes it compulsory to understand the market properly before starting, or learn risk management altogether, he might not start and this will delay his potential Bitcoin assets.