Buy Buy Buy or Sell Sell Sell?

[Joeboy]

~snip

In reality it is not impossible for any individual to emulate the actions of such an investor. However were that investor to suddenly face the same income or financial constraints experienced by the average person they would likely find themselves unable to invest as freely as before indeed they would be in the exact same predicament as someone with severely limited income. Consequently it is not that people lack the desire to invest in Bitcoin rather they often possess discretionary income that is already fully allocated to covering daily consumption needs.

You seem to not know what is discretionary income, cyberninja2.  Discretionary income is money that is left after basic expenses have been accounted for.  If guys have other expenses that are disallowing them to invest because they have various want, then those might be discretionary expenses that could be cut or deferred.

In any event, it is good to distinguish between needs and wants when figuring out what money is available for investing, and surely if guys do not have discretionary funds, they should not be investing at all, and even if they have discretionary funds, if they don't want to use it for investing or they want to have "fun with their extra money," then they may well have to figure out the extent to which they might need to reign in some of their discretionary consumption in order to give a higher priority to bitcoin investing.

At the same time, no one can tell anyone else about how much priority they should give to bitcoin investing, and even guys with similar levels of discretionary funds may well differ in their chosen level of aggressiveness (or contrarily whimpiness) when it come to the level of their bitcoin investing, if any.

This is a crucial point that individuals must carefully consider if one's income is insufficient to cover both essential expenses and investments
 

You seem to be referring to a case in which the guy does not have discretionary income, which means that he cannot invest in bitcoin, since if he bought bitcoin with money that he needs for expenses, then he would be gambling rather than investing (since you are saying he needs the money and he does not have any extra money outside of what he needs to cover his basic expenses).

There could be some case in which guy are considering some of their expenses as needs rather than wants.. and so sometimes they can cut some of their expenses by figuring out some of their expenses that could be eliminated, reduced or deferred.

That's right, and yeah I surely agree that it is outrightly a gamble when folks ever invest when they are yet to settle their expenses coz that could result to selling one's holding probably before reaching their intended timeline... But yet again there have been so many cases where folks are unable to realize discretionary income for their investments even after covering their expenses. And that's why your idea of folks being able to distinguish between their needs and wants becomes very important, since so many folks have made it a habit of engaging themselves in all kind of irrelevant expenses(wants) all in the name of trying to satisfy their extravagant lifestyle....

At times even after cutting down irrelevant expenses, it may still be quite difficult for folks to still maintain the flow of discretionary income which is needed to sustaining ones investments, and that is where creating more income sources comes in since that is also another proven way of having and/or expanding once discretionary income....

[Sim_card]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

So what's next after you have sold your bitcoin when the price is high. You start buying back again men, that's what I call rat race. You ain't progressing which such mindset because of your bitcoin stash isn't increasing in size and value which should be the major plan.

This is where traders miss it all, a long-term investment is what bitcoin is used for due to the volatile nature so that you can reduce the risk attached it its volatility. Investing in bitcoin shouldn't be all about profits but see it as a way to store and preserve value overtime. The fact with bitcoin is that if you can build and grow your bitcoin investment to your target, it's a double gain for you because the value of your bitcoin portfolio is intact and you will still make profit.

Get this trading orientation out of your head and think long-term investment plan for your future where you accumulate bitcoin with your discretionary income weekly, consistently and persistently for 4-10 years and till you reach your bitcoin target.

[SOKO-DEKE]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Your principle is that of a trader and not that of an investor, only traders look to buy when the price is low and sell once it goes up, no true investor will ever buy and sell like that, an investor will always be looking to hold for long term with the bare minimum being 1 cycle, and even then you will hardly see investors selling after accumulating and HODLing for 1 cycle since some of the holding at that point will not even have been held for a cycle yet, that's why you will usually see talks about investing running into over 10 years of accumulating and holding bitcoin.

I agree with your point. An investor does not think in that way buying when it dips and selling when the price is high. The question is: how many times can he or she keep doing this and remain successful?There are periods when Bitcoin’s price does not dip but continues to rise. Will such a person keep waiting for a dip for over a year before buying Bitcoin?

In fact, the idea of buying the dip and selling higher does not follow the principle of Bitcoin investment; it is more of a trading strategy. And we know that trading is not easy making consistent profits from it is often harder than investing in Bitcoin.I don’t understand why someone would ignore an easier way of making profits with less risk and instead choose a harder path with higher risk. A  better approach is to buy and hold for the long term at least 4 to 10 years or continue accumulating over a very long period of time.

[Jeremiah001]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Buying and selling for profit is not what real Bitcoin investor do, that's the trait of a trader, which wouldn't change much of your financial situation, so I urge you to learn how to invest properly by buying and accumulating consistently for like 10 years or more through the dca accumulating strategy, that way you can be able to accumulate huge stash of Bitcoin that can change your financial history forever when Bitcoin has risen to a million dollars or more, so buying and selling as you have it at the back of your mind is actually the wrong way to go about you Bitcoin investment, because that action of yours is more of trading than investment.

Finally, how many trades do you know that was able to build a generational wealth trading the market?
Don't you know that it's only 1% of traders that makes money consistently in the market?
That is enough to tell you that trading is not as easy as you think, and the reward attach to it is nothing compared to a bitcoin investor that succeeded in accumulating a huge stash of it and hold for a period of 10years or more.

I realized that for someone who probably had bought Bitcoin in the past 10 years and had accumulated over the years I mean that would be such a huge profit over the years and a lot of people don't know. Yes there might be risk and fear of if it will rise or fall but then I have noticed that along accumulation is more profitable. Like you said a real investor does not need to buy and sell off immediately or in a short interval it's more profitable to accumulate and especially for a longer period of time.

[GIF-JOBS]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Trying to accumulate Bitcoin when the price goes low with the intention of selling when the price increase is a trading practice and as long new investor this will delay your Bitcoin accumulation journey because you will definitely not accumulate enough Bitcoin because the dip doesn't occur all the time, also sometimes in the process of waiting for the dip the price may continue to increase, the best way to be accumulating regularly using the DCA strategy with this strategy you will be accumulating Bitcoin regardless of the price when the dip happened you can still accumulate more it's far better than waiting for the dip before accumulating Bitcoin.

It is traders that do prefer to wait for low entry point with the intention of selling back when the price goes up. Newbies that is trading in this part will definitely have a rough landing. The mindset of making quick profit is what motivate people to time the market to buy low and sell high, this is very risky and should be avoided because the possibilities of losing all ones income is high.

Yes, many people consider trading as a very easy and quick way to make a profit, but in fact it is very risky, and they do not understand this at first. When they actually go to trade, they are very badly affected by it, because they think that the market will continue to rise after this, so they buy and later the market has a further downward trend, which makes them panic and because of this they face more losses. That is why such expectations will never be realistic, instead if we invest for the long term, it will give us more chances of success.

[gracreavix]

I agree with you on this. My own principle has always been to invest what you can loose. It's kind of not wise to put in all your life savings and sometimes not see the profit you so desire. Some invest and wants the profit immediately.
Bitcoin is a long time investment and it shouldn't be done when your immediate needs has not be cover. Yea, needs and expenses are insatiable but make sure your basic needs are taken care of first before investing.

Yes longterm approach is very much one of the best for Bitcoin. 

But am I the one missing something here? Because were you not the same person that said your own principle is to buy low and sell high sounding like a trader??

Now in the same breathe you’re talking about Bitcoin been a long term investment? I just hope you’re clear with you Bitcoin accumulation, and ain’t just yapping here..

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

[IceLincoln]

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.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

Well having different cashflow is very important and it always helps when we are working on our finances, perhaps we are only meant to invest with our discretionary income, first of all we have to take care of ourselves and our expenses, secondly then you can now start investing with your discretionary income availability, which you’re not meant to invest with your salary even when you get a salary increase or any bonus, firstly you need to sort out your expenses, you don’t just go all in and start buying Bitcoin with all your salary, whatever that would be it would be a huge mistake buying Bitcoin with your Salary, there are individuals who are also working on different source of income and also different cashflow to provide an opportunity of having more discretionary income to keep buying Bitcoin consistently.

I read an article by a successful investor where he gave his opinion. There he mentioned "Set a budget for the amount you will invest and spend the remaining amount of the fund on the family" . Many will not agree with him because in this process, an investor may give more importance to future investments and not spend money according to the needs of the family. We actually learned this from the forum about Bitcoin accumulation through discretionary income. Investors should gradually increase the amount of Satoshi accumulation in line with their cash flow.

You are still in the ongoing stage of Bitcoin accumulation at that stage if your income increases, you need to give more importance to portfolio increase because you have to solve the investment strategy of limited money supply with unlimited demand through fund management and in that case most of the additional income should be allocated to Bitcoin portfolio increase.

Yeah that is where most of us get it wrong sometimes, thinking it’s just one way to invest or plan for our bitcoin accumulation. I remember growing up my Dad always made plans for investments and it was kinda added into his monthly budget (cos he was paid monthly). There was always provisions for a budget called “Miscellaneous”, from my understanding now, that miscellaneous was kinda his discretionary but he didn’t always wait for all expenses to be taken care of first he planned for his discretionary alongside his basic expenses.
Even when his income increased, he sometimes increased his miscellaneous first especially if he had a big goal/task to fulfill before adding up on other expenses. He practiced this perfectly we never went into borrowing or any financial deficit.
One thing we should know is BUDGETING our funds goes a long way to understand our finances.

[ejikeme24]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Well, I'm sorry to say that this your idea or principle does not help matters and I can clearly say that it won't help anyone here which I'm sure it won't be of help to you as well, so if you know what is best for you just trash that principle of yours that says "buy when the price is down and sell when it's high" or better still you can keep it to yourself because this is obviously the mindset of a trader, someone who really understand the core concept of Bitcoin investment will never think of selling his holdings whenever there's an increase in the value without looking back to see the time they started thier Bitcoin investment, whenever they see that they are in profit, they will just overlook and wait until they get to their investment target before they will start looking into profit.

[Tetu100]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Well, I'm sorry to say that this your idea or principle does not help matters and I can clearly say that it won't help anyone here which I'm sure it won't be of help to you as well, so if you know what is best for you just trash that principle of yours that says "buy when the price is down and sell when it's high" or better still you can keep it to yourself because this is obviously the mindset of a trader, someone who really understand the core concept of Bitcoin investment will never think of selling his holdings whenever there's an increase in the value without looking back to see the time they started thier Bitcoin investment, whenever they see that they are in profit, they will just overlook and wait until they get to their investment target before they will start looking into profit.

This mindset or idea is actually not too healthy for any investor so to speak, and I will call such investor a gambler and also a fair weather investor. Perhaps they have no real plans of holding strong rather they are just there to take quick profit at every given opportunity and walk away which doesn't in any way describe the surpose person as a real investor.

However, their is more to enjoy in future when you invest with a possible mindset of holding strong, moreover if you can see beyond and see the bigger picture ahead then you will understand that want you stand to gain today is no where compare to what the future holds in stock for you.

[cyberninja2]

This mindset or idea is actually not too healthy for any investor so to speak, and I will call such investor a gambler and also a fair weather investor. Perhaps they have no real plans of holding strong rather they are just there to take quick profit at every given opportunity and walk away which doesn't in any way describe the surpose person as a real investor.

For those of us who are already active in this forum adopting a similar attitude becomes in a sense a necessity. Since these individuals are repeatedly driven by the singular objective of reaping profits through their specific methods we too become accustomed to the strategies employed by investors—even if at times those strategies appear merely seasonal. This means we learn to maintain a sense of equilibrium—much as seasoned investors do—with the ultimate aim of remaining steadfast and resilient in order to preserve our opportunities for securing profits.

However, their is more to enjoy in future when you invest with a possible mindset of holding strong, moreover if you can see beyond and see the bigger picture ahead then you will understand that want you stand to gain today is no where compare to what the future holds in stock for you.

And this is precisely what we should be aiming for too often we act without giving this sufficient thought even though the very purpose of leveraging the present moment is to secure our own future—specifically by building a well-preserved store of Bitcoin assets. Moreover since we are pursuing this through a long-term accumulation strategy one that inherently spans a considerable duration we must truly make the most of this time. Failure to do so would expose our own future to unnecessary risks therefore we must remain constantly mindful of the principles outlined here ensuring that the future we envision ultimately unfolds exactly as we expect.

[Abbatty]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Then I would assume you are trader and not an investor, and individuals like you are people who really gives bitcoin investment a wrong image of what it is. When investing in bitcoin it goes Far beyond making profit and this principle of yours is what most newbies have in mind when investing.

You are Others who have this mindset needs to know that bitcoin investment is you thinking ahead, making plans ahead for yourself, building a road map for your future. Bitcoin investment gives you that clarity about your future rather thank thinking of making profit in a short period of time.

[letteredhub]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

If this was a trading thread I would have said you're with the right idea in the hunt for profit but this isn't a trading but rather a bitcoin investment thread where we discussing about long term bitcoin investment strategy. When you waiting for the dip before buying and selling just quickly at a price rise you're definitely trading. But that's not where the huge profit lies, if you want to make huge profit turn towards bitcoin hodling, between a 4-8 years interval of consistent accumulation with your sats buying with a percentage of your funds that's comfortable with your income flow. Then, you can be sure of making a huge ROI with such timeframe of stacking.

[Kryptonite788]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Then I would assume you are trader and not an investor, and individuals like you are people who really gives bitcoin investment a wrong image of what it is. When investing in bitcoin it goes Far beyond making profit and this principle of yours is what most newbies have in mind when investing.

You are Others who have this mindset needs to know that bitcoin investment is you thinking ahead, making plans ahead for yourself, building a road map for your future. Bitcoin investment gives you that clarity about your future rather thank thinking of making profit in a short period of time.

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

[Abbatty]

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

That where you get it all wrong, when you invest with the aim of making profit within a short period of time your emotions tends to get the better of you and likely to make wrong decisions when their is a change in the market. Making profit within short period in a short time is mindset of a trader and such person shouldn’t be consider an investor because the mindset of an investor is seeing bitcoin investment as a vision for the future, making plans your horizon.

That why it is always best in accumulating bitcoin for as long as you can and never let the market decide if you sell or not.

[HustleZ]

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

Short term gain and investment in the same sentence is diabolical. Short term gain is commonly referred to as trading and it is very different than investing. Investing is long term and preffered by people who want to gain by accepting to hold for a long time. Most bitcoin holders are investors and not traders as they use DCA to smoothen their volatility out and let time do the working for them. You saying that Bitcoin also includes uncertainty is right, but that's only for the "traders" and people who are here for "short term gain" as Bitcoin is a very volatile asset for the short term. It does not involve risk ( or minimal risk )  in the long-term and you will know about it more if you dedicate your time to study about Bitcoin a little and understand it's fundamentals and you will know why it's a Great asset for the long term.

[Kelward]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

If this was a trading thread I would have said you're with the right idea in the hunt for profit but this isn't a trading but rather a bitcoin investment thread where we discussing about long term bitcoin investment strategy. When you waiting for the dip before buying and selling just quickly at a price rise you're definitely trading. But that's not where the huge profit lies, if you want to make huge profit turn towards bitcoin hodling, between a 4-8 years interval of consistent accumulation with your sats buying with a percentage of your funds that's comfortable with your income flow. Then, you can be sure of making a huge ROI with such timeframe of stacking.

This thread is dedicated to buying and continuous buying of Bitcoin for as long as you have discretionary funds to accumulate and that is why you will find a lot of posts centering on DCA strategy because that is the best method of consistent buying. If you're waiting for dip before buying and waiting to sell immediately it recovers and adds more value then you're a trader which is very different from the focus of this thread.

Everybody that is buying Bitcoin should define why they want to hold it, it could be for payments, hedge against inflation, privacy, trading or investment, if it is for long term investment of up to 10 years and more then you don't need to monitor the market before buying. Even if price has reached ATH at the time you want to do your DCA accumulation you should just focus on your buying because we expect that more ATH will happen in future circles.

[Showlove01]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Then I would assume you are trader and not an investor, and individuals like you are people who really gives bitcoin investment a wrong image of what it is. When investing in bitcoin it goes Far beyond making profit and this principle of yours is what most newbies have in mind when investing.

You are Others who have this mindset needs to know that bitcoin investment is you thinking ahead, making plans ahead for yourself, building a road map for your future. Bitcoin investment gives you that clarity about your future rather thank thinking of making profit in a short period of time.

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

Why are you trying to spoil the mind of newbie here, you said "you don't blame them for going for short term gain because nothing is guarantee in Bitcoin" yet you are also saying long term holders always see huge profit than short term traders, so tell me what exactly are you advising newbie to do? Bitcoin has proven to be a long term investment because of how volatile it can be in a short term and that is why we should encourage or advise people who want to invest to always go for long term using their discretionary income and not contradicting things.

[Gallar]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Well, I'm sorry to say that this your idea or principle does not help matters and I can clearly say that it won't help anyone here which I'm sure it won't be of help to you as well, so if you know what is best for you just trash that principle of yours that says "buy when the price is down and sell when it's high" or better still you can keep it to yourself because this is obviously the mindset of a trader, someone who really understand the core concept of Bitcoin investment will never think of selling his holdings whenever there's an increase in the value without looking back to see the time they started thier Bitcoin investment, whenever they see that they are in profit, they will just overlook and wait until they get to their investment target before they will start looking into profit.

Yes, that's a principle that might make sense to a trader, but for a long-term investor, it's clearly something that's overlooked. Bitcoin is essentially an asset whose price fluctuates, and if someone only buys every time there's a significant price drop, I think that's a fatal mistake. The decline might not even happen, or it might not meet expectations. Therefore, we shouldn't be preoccupied with uncertainty, and it's better to just buy Bitcoin when we have discretionary funds. It's simpler and less stressful.

But if you don't understand what I'm saying, it means you don't understand the conceptual difference between a trader and a long-term investor. I've been in that phase myself. So, I suggest you learn the difference between a trader and a long-term investor. Once you understand that, I'm sure your mindset will change. I can't explain the difference in detail right now. But in short, traders are people who always look for momentum to buy low and sell high. Long-term investors, on the other hand, are those who dedicate their money to buying Bitcoin and hold it for the long term. They don't care what price they buy at, as their goal is ultimately long-term.

[IjawMan]

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds.

What is more uncertain is you trading in aim of making profit than when you are with long time plan of a bitcoin investment hodling. If you are enough down to earth you will agree that to make profit in trading is highly uncertain and unpredictable correlated to the future of bitcoin.

The future of a host of other assets out there in the traditional world is not certain, yet, investors are investing in them. Bitcoin has survived many backlashes than some of those assets and it is still growing and gaining mass adoption.

What makes you think the future of bitcoin will not be better than what we have it presently? You have no prove, you only creating fear and panic for newbies like you.

[liasbaa]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Buying and selling for profit is not what real Bitcoin investor do, that's the trait of a trader, which wouldn't change much of your financial situation, so I urge you to learn how to invest properly by buying and accumulating consistently for like 10 years or more through the dca accumulating strategy, that way you can be able to accumulate huge stash of Bitcoin that can change your financial history forever when Bitcoin has risen to a million dollars or more, so buying and selling as you have it at the back of your mind is actually the wrong way to go about you Bitcoin investment, because that action of yours is more of trading than investment.

Finally, how many trades do you know that was able to build a generational wealth trading the market?
Don't you know that it's only 1% of traders that makes money consistently in the market?
That is enough to tell you that trading is not as easy as you think, and the reward attach to it is nothing compared to a bitcoin investor that succeeded in accumulating a huge stash of it and hold for a period of 10years or more.

I realized that for someone who probably had bought Bitcoin in the past 10 years and had accumulated over the years I mean that would be such a huge profit over the years and a lot of people don't know. Yes there might be risk and fear of if it will rise or fall but then I have noticed that along accumulation is more profitable. Like you said a real investor does not need to buy and sell off immediately or in a short interval it's more profitable to accumulate and especially for a longer period of time.

Too much excitement about making a profit from Bitcoin can lead you to make quick investment decisions, so instead of expecting a high return invest in Bitcoin for the long term. There is no surefire way to predict whether the price will rise or fall but regardless of your strategy and the value of your Bitcoin accumulation through discretionary income the latest average price trend in your Bitcoin holding portfolio over each cycle will put you in a much better position than if you were saving fiat in a volatile price scenario. Accumulate Bitcoin with the expectation of a large holding. The expectation of a profit is 10 years or more and in that context there is a high chance that your needs will be met.