Buy Buy Buy or Sell Sell Sell?

[ruykeri]

Bitcoin investment is for those who understand what it's all about, believe in it and have made up their mind with a determination to meet their target.

Anyone who has been joining us in most of our discussions here will understand that the knowledge about Bitcoin is so vast that you can't get to know it or understand it all and anyone focusing on understanding it will never invest because of their curiosity of trying to understanding it all first which is not possible before investing, now this is where DCA also plays it's role by allowing an inexperienced person to own Bitcoin while getting experience and don't forget how experience can facilitate learning or be a very wonderful teacher, is best to get the fucking started provided that you have a basic knowledge and a discretionary income other things can be learned along down the road while you already taking positioning, this is smart if you ask me.

You have said a very good thing. In fact, if you do not invest in acquiring knowledge about Bitcoin and miss that opportunity, then acquiring that knowledge will not be of any use.  we do not need to know so much to invest in Bitcoin. And there is no guarantee that investing bitcoin with  acquiring knowledge is safe for a person . If it were possible to make a profit by doing business or investing with knowledge, then the teachers who teach students about business administration would be the richest people. Acquiring knowledge is good, but acquiring knowledge without investing will ultimately waste the opportunity and time in term of bitcoin . Because those who started late, those who learned about Bitcoin late, are the ones who regretted why they did not know a few years ago or did not understand about Bitcoin investment.

[Sarah_Jannat42]

If someone waits till they know everything before starting Bitcoin, they might just keep waiting forever…. This space is not a school where you must pass exam first lol, most people actually learn more once they are already inside, not before..

As long as the person is using money that will not affect their life and they have small sense to manage risk, starting small makes sense.. You can build your understanding gradually while your investment is growing too..  Learn as you go is realistic for Bitcoin space..

It would be foolish to feel the need to know everything if you want to invest in Bitcoin for the long term. I think if you know just the basics and have a long-term investment mindset, you will be considered suitable for investing. However, your investment should be from your discretionary income, otherwise your investment may not be successful. If you start investing with this basic knowledge, your Bitcoin savings will gradually increase, as well as your knowledge base will continue to improve.

[Ryu_Ar1]

You bring up a good point about individuals’ treatment of Bitcoin as a long-term conviction asset, and therefore likely to be purchased with a long-term accumulation strategy. However, when it comes to no selling and labeling those trades as stupid is simply too black & white. Investors have different goals, timeframes, and risk profiles. They could potentially sell out in order to rebalance their overall portfolios, take anywhere from small to large amounts of profit off the table, or require liquidity due to an unexpected life event... even if they believe in the long-term viability of Bitcoin. In addition to investors being different from one another, the markets themselves have also changed over time and adjusting to the new environment doesn’t necessarily mean that you abandon your conviction on an investment. To offer a more balanced perspective – accumulation is key to the overall strategy, but also having a plan (pre-established) at which point and why you would consider reducing your exposure would provide more rationale for either side of either strategy to be valid given the circumstances.

I think no one will prohibit selling actually in this case and even if there is a ban we have access and can sell as you like but what is considered here is that selling bitcoin even though it is easy but it is not that simple especially when the context is long-term investing.

Most of us who invest for the long term are always based on the fact that time will always be the difference because historically in terms of price the longer we hold apart from the more we can minimize volatile risks we can also have value accretion and this is the main focus.
But if you feel that you have made a profit even if it is only a few percent of your investment and want to sell it is up to you because your money is your responsibility but when you sell it is certain that you will not have access to your bitcoin because it is no longer yours.
Those of us who are in investment will not prohibit or tell anything but just remind each other that it is important even though selling bitcoin is your right but when the intention is long-term investment, especially when the price can still be said to be only a temporary profit, it should be avoided because what you are doing is not investing but just trying to trade in the end.

[abaeze]

If someone waits till they know everything before starting Bitcoin, they might just keep waiting forever…. This space is not a school where you must pass exam first lol, most people actually learn more once they are already inside, not before..

As long as the person is using money that will not affect their life and they have small sense to manage risk, starting small makes sense.. You can build your understanding gradually while your investment is growing too..  Learn as you go is realistic for Bitcoin space..

You don't have to waste a lot of time learning and then investing in Bitcoin, there is no need for that, rather the best way to learn Bitcoin is to start with a small amount and understand your investment capabilities. If you have some money in hand after fulfilling all your own and family's needs, then investing in Bitcoin with that wealth is the safest and this money I mentioned is called discretionary income for investment. Another thing is that many people think that to start investing, you need a very large fund or a very large amount, but none of these are needed to invest in Bitcoin. If you want, you can start investing with a very small amount. Because small amounts reduce fear and stress. But what is needed is desire, patience, discipline and courage. And a person who has these qualities will be able to learn the knowledge needed to start investing once you show it. People learn best through experience. So there is no point in postponing investment on the pretext of learning.

[NewRevelation]

Bitcoin has been made in such a way that anyone can have access to it or make use of it, but the investment of Bitcoin requires a discretionary income and other side hustle, as to be able to strive well as long term investor. Because discretionary income or other side hustle will serve as a backup to the investor and once there is dip the investor will not panic but believe it will increase again, because that's how the market works.

I think you are getting the meaning of discretionary income mixed up here or getting yourself confused with your explanations about discretionary and side hustle. Note that discretionary income is different from side hustle. If you have a dise hustle different from your work which pays you salary weekly or monthly, you should note that any money that you get from the side hustle is used to boost your discretionary income, meaning that, if maybe you got money from your side hustle, and used some to settle some pressing needs, the ones left automatically becomes a Discretionary income, and as such, you can add it to the already existing discretionary, and from there you can invest and also build up back ups funds too.

So, your side hustle is not really your discretionary income, and/or is not the same with discretionary income. One of the reasons poeple tend to seek for side hustle, especially poor investors is to boost there income, thereby boosting there discretionary so that they can be able to invest more than they do into Bitcoin. Of course you should know it already that, the more your discretionary, the more amount of Bitcoin you are able to accumulate, and the lesser you discretionary, the lesser your portfolio or amount of accumulation.

[Obulis]

Bitcoin also has risks, it is very natural to have them and this is why people are so interested in investing in Bitcoin. However, if we just say that people enjoy investing in Bitcoin because of the risk, it is not right. The main reason is that the profits that can be obtained from investing in the long term from here are not available anywhere else and cannot be imagined.

It's true that Bitcoin investment has it own risk attached to it, but that risk can be easily mitigated when held for a very long period of time, unlike most investment that the risk factor is just too high and difficult to ignore.
Another thing that is very important while investing in Bitcoin is for you to do it with your discretionary income, since it's a money you can do away with in a very long period of time, and why it's very much important to invest only from your discretionary income is that you wouldn't be in a mood of panicking even when their is a serious dip in the market, unlike when you invest an amount you cannot afford to lose.
 So it's very important that we invest only from our discretionary income, so that our mental and emotional health will be intact when the dip comes, and we wouldn't have to react to what the market is doing because it's a money we can do away with.

Keeping mental health and emotions under control during a price drop is an important issue, but a long-term investor does not seem to be too scared of a price drop. Because long-term investment and investment continuity will average out our purchase price and bring good profits. And an investor must make sure that part of his income is separate from all his expenses.

We are humans, so whether trader or investor the feelings that comes with a sudden change in price of Bitcoin will be there but the difference between traders response and investors response is so loud. An investor is just updated about the recent price and so has nothing to be scared of as Bitcoin price drops, being aware market price can lead to informed decision even. But a trader has everything to be scared of and therefore should keep there mental health and emotions under control.

[Qhunman]

It would be foolish to feel the need to know everything if you want to invest in Bitcoin for the long term. I think if you know just the basics and have a long-term investment mindset, you will be considered suitable for investing. However, your investment should be from your discretionary income, otherwise your investment may not be successful. If you start investing with this basic knowledge, your Bitcoin savings will gradually increase, as well as your knowledge base will continue to improve.

We don't need to know everything about bitcoin before investing as it isn't necessary. No one can know everything about bitcoin in a single day. We can get started if have discretionary income and basic knowledge . The level of knowledge you seek can be acquire while investing. even when we invest it doesn't mean we can know everything about bitcoin as bitcoin is still evolving. i Too much knowledge could lead to difficult in getting started. It is better not to know everything since we only needed discretionary income and some basic knowledge to get started. If we have discretionary income available and some basic knowledge  we can get started at once.

[WIYO1]

I think you are getting the meaning of discretionary income mixed up here or getting yourself confused with your explanations about discretionary and side hustle. Note that discretionary income is different from side hustle. If you have a dise hustle different from your work which pays you salary weekly or monthly, you should note that any money that you get from the side hustle is used to boost your discretionary income, meaning that, if maybe you got money from your side hustle, and used some to settle some pressing needs, the ones left automatically becomes a Discretionary income, and as such, you can add it to the already existing discretionary, and from there you can invest and also build up back ups funds too.

An additional way to make money is a side hustle. Discretionary Income is Money was left over after paying your basic needs. So when you earn Money through your Side Hustle, the leftover Money will increase. Side Hustle money must be spent first, before spending discretionary income, once you have spent all your basic needs, the leftover now becomes Discretionary money for you to spend for other things like investing, saving,or building up an emergency fund.

So, your side hustle is not really your discretionary income, and/or is not the same with discretionary income. One of the reasons poeple tend to seek for side hustle, especially poor investors is to boost there income, thereby boosting there discretionary so that they can be able to invest more than they do into Bitcoin. Of course you should know it already that, the more your discretionary, the more amount of Bitcoin you are able to accumulate, and the lesser you discretionary, the lesser your portfolio or amount of accumulation.

It's true that side-hustle and discretionary income differ. While side-hustles boost total income, only the remainder left after deducting essential living costs equals YOUR discretionary income. Therefore, many investors look at additional side-hustles as ways of expanding their discretionary income, which would create allowance for increasing their ability to invest overall (including bitcoin).

Essentially, the larger your discretionary income, the greater your chances are of building wealth through consistently adding assets (in this case, adding bitcoin) to your investment portfolio, whereas lower discretionary income severely hampers your ability to do so.

[Furious 7]

It might seem easy but psychologically it's quite difficult that's why some people deviate at some point and sell when they've not got to over accumulation, Bitcoin investment is for those who understand what it's all about, believe in it and have made up their mind with a determination to meet their target. Hope you know that investors would experience challenges like volatility which is sometimes cause by market manipulations but only those who are determined to meet their target would overcome it. That's why every investor need to develop a good mentality of being patient with their investment regardless of any challenges so they'll definitely meet their goals.

Volatility is not that scary when we talk about the long term, although ups and downs happen all the time but we also have to remember that bitcoin's history from the beginning until now is increasing so even though volatility remains but we certainly have a further view that the long term increase can be more positive.

Too much looking at price movements especially when talking about current price manipulation will only make us forget our original goals for the long term so rather than worrying just because of volatility and temporary declines I think it would be better for us to stay firm with long-term goals and enjoy the process that is being lived because the process will always be there in every cycle so there is no need to worry too much about it.

In addition, I don't think it is necessary to understand from the beginning thoroughly about bitcoin if we really want to invest, just make a purchase because learning can be done even after we buy and it can certainly be much more optimal because in addition to us understanding gradually on the one hand the experience we have in purchasing and investing will increase.

[whiteblue]

It might seem easy but psychologically it's quite difficult that's why some people deviate at some point and sell when they've not got to over accumulation, Bitcoin investment is for those who understand what it's all about, believe in it and have made up their mind with a determination to meet their target. Hope you know that investors would experience challenges like volatility which is sometimes cause by market manipulations but only those who are determined to meet their target would overcome it. That's why every investor need to develop a good mentality of being patient with their investment regardless of any challenges so they'll definitely meet their goals.

Volatility is not that scary when we talk about the long term, although ups and downs happen all the time but we also have to remember that bitcoin's history from the beginning until now is increasing so even though volatility remains but we certainly have a further view that the long term increase can be more positive.

Too much looking at price movements especially when talking about current price manipulation will only make us forget our original goals for the long term so rather than worrying just because of volatility and temporary declines I think it would be better for us to stay firm with long-term goals and enjoy the process that is being lived because the process will always be there in every cycle so there is no need to worry too much about it.

In addition, I don't think it is necessary to understand from the beginning thoroughly about bitcoin if we really want to invest, just make a purchase because learning can be done even after we buy and it can certainly be much more optimal because in addition to us understanding gradually on the one hand the experience we have in purchasing and investing will increase.

We must eliminate the mindset of short-term worries if we want to invest for the long term. We have seen Bitcoin cycle perform better in the long term, So don't let a near-term price drop weigh on us, as a decline represents an opportunity, not a panic sell.

A panicking investor will always find it difficult to hold onto their position because their mentality cannot bear the worry of falling prices. Therefore, Strengthen our mentality to face all kinds of negative issues, declines, and anything that can prevent wrong decisions.

Investors often make mistakes because they don't think long term, resulting in them having to start Investing from scratch because of their mistakes.

[Tonimez]

[Edited out]

We must eliminate the mindset of short-term worries if we want to invest for the long term. We have seen Bitcoin cycle perform better in the long term, So don't let a near-term price drop weigh on us, as a decline represents an opportunity, not a panic sell.

A panicking investor will always find it difficult to hold onto their position because their mentality cannot bear the worry of falling prices. Therefore, Strengthen our mentality to face all kinds of negative issues, declines, and anything that can prevent wrong decisions.

Investors often make mistakes because they don't think long term, resulting in them having to start Investing from scratch because of their mistakes.

It is very important to be very careful of the decision we take at the initial stage of our bitcoin investment especially as a beginner who has little or no knowledge of bitcoin. This is where having the right knowledge really matters. You must be careful not to be too greedy that you continue to think of gain only. The mindset we use to join bitcoin is what controls our actions. A greedy person joins bitcoin with the hope of achieving several turns of profit. These set of people invest beyond their Discretionary income because they are only interested in the profit they envisaged without thinking about how to HODL the bitcoin for a long-term.

These kind of people usually get tired on the way and sell off in the short-term or panic when the market starts to dip. Bitcoin should not be seen as a trade but it should be seen as an investment. This will help you to leave your investments for long instead of trading around and parading your self as an investor.

[NewRevelation]

It might seem easy but psychologically it's quite difficult that's why some people deviate at some point and sell when they've not got to over accumulation, Bitcoin investment is for those who understand what it's all about, believe in it and have made up their mind with a determination to meet their target. Hope you know that investors would experience challenges like volatility which is sometimes cause by market manipulations but only those who are determined to meet their target would overcome it. That's why every investor need to develop a good mentality of being patient with their investment regardless of any challenges so they'll definitely meet their goals.

Volatility is not that scary when we talk about the long term, although ups and downs happen all the time but we also have to remember that bitcoin's history from the beginning until now is increasing so even though volatility remains but we certainly have a further view that the long term increase can be more positive.

Too much looking at price movements especially when talking about current price manipulation will only make us forget our original goals for the long term so rather than worrying just because of volatility and temporary declines I think it would be better for us to stay firm with long-term goals and enjoy the process that is being lived because the process will always be there in every cycle so there is no need to worry too much about it.

In addition, I don't think it is necessary to understand from the beginning thoroughly about bitcoin if we really want to invest, just make a purchase because learning can be done even after we buy and it can certainly be much more optimal because in addition to us understanding gradually on the one hand the experience we have in purchasing and investing will increase.

We must eliminate the mindset of short-term worries if we want to invest for the long term. We have seen Bitcoin cycle perform better in the long term, So don't let a near-term price drop weigh on us, as a decline represents an opportunity, not a panic sell.

A panicking investor will always find it difficult to hold onto their position because their mentality cannot bear the worry of falling prices. Therefore, Strengthen our mentality to face all kinds of negative issues, declines, and anything that can prevent wrong decisions.

Investors often make mistakes because they don't think long term, resulting in them having to start Investing from scratch because of their mistakes.

I think one major problems investors face is the mentality they had or come with into Bitcoin investment. Am investor that comes in with an already long term investment view or plan will simply do everything to buy and HODL, while those who do not have such long time investment plan will always see every increament in price as an opportunity to sell(trading mindset). Mindset matters, and the earlier people start changing there notion, thoughts and investment plans to long term, the better for them.

Secondly, there is no magic to holding your assets for long term if you don't do the right thing. If you don't invest rightly, build an emergency funds and back up funds, do a proper income allocation, and also manage your income properly, you won't be able to HODL for long term. In view of this, if we must HODL for long, added to our investment mentality, we must invest rightly and build the necessary funds to help guide our investment from crashing

[alankasman]

It is very important to be very careful of the decision we take at the initial stage of our bitcoin investment especially as a beginner who has little or no knowledge of bitcoin. This is where having the right knowledge really matters. You must be careful not to be too greedy that you continue to think of gain only. The mindset we use to join bitcoin is what controls our actions. A greedy person joins bitcoin with the hope of achieving several turns of profit. These set of people invest beyond their Discretionary income because they are only interested in the profit they envisaged without thinking about how to HODL the bitcoin for a long-term.
These kind of people usually get tired on the way and sell off in the short-term or panic when the market starts to dip. Bitcoin should not be seen as a trade but it should be seen as an investment. This will help you to leave your investments for long instead of trading around and parading your self as an investor.

Decisions are part of a person's steps in determining the direction or future steps. If they make the wrong decision, they will certainly encounter problems that beginners will face. This is where we need knowledge about Bitcoin to be more careful in making decisions and avoid greed. However beginners sometimes lack knowledge about Bitcoin but make decisions without thinking carefully even though they know that without knowledge about Bitcoin greed can arise because they act carelessly. Their goal is only profit. This is purely a mistake made by them. Of course before they know how they would have taken a better approach rather than acting in a way that brings greed to them personally.

I think it's more of a panic after I understand your statement friend. With the panic experienced by someone it will be complete all things become one which ultimately makes someone abandon their investment more quickly.

[Barikui1]

I think one major problems investors face is the mentality they had or come with into Bitcoin investment. Am investor that comes in with an already long term investment view or plan will simply do everything to buy and HODL, while those who do not have such long time investment plan will always see every increament in price as an opportunity to sell(trading mindset). Mindset matters, and the earlier people start changing there notion, thoughts and investment plans to long term, the better for them.

Secondly, there is no magic to holding your assets for long term if you don't do the right thing. If you don't invest rightly, build an emergency funds and back up funds, do a proper income allocation, and also manage your income properly, you won't be able to HODL for long term. In view of this, if we must HODL for long, added to our investment mentality, we must invest rightly and build the necessary funds to help guide our investment from crashing

I agree with everything you said here because you were spot on. Mindset really do matters, because you can't compare someone that was introduced to Bitcoin investment by a trader, with someone that was introduced to Bitcoin investment by a long term holder, their will always be difference. The guy that was introduced by a trader will always like to take profit from his investment thinking that it's the best thing to do, while the other person will see holding for long as the best way to go about his Bitcoin investment, so mindset and orientation from the start really do matters.

Secondly, to add to what you have already said about holding, it's true that their is no magic in that, because holding is made easier when backup funds are in place, just in case of real life emergencies, but if they are not in place, you might be forced to sell even when you never wanted to, so for the survival of your investment, back up funds are very important.

[SPIDERMAN008]

I think one major problems investors face is the mentality they had or come with into Bitcoin investment. Am investor that comes in with an already long term investment view or plan will simply do everything to buy and HODL, while those who do not have such long time investment plan will always see every increament in price as an opportunity to sell(trading mindset). Mindset matters, and the earlier people start changing there notion, thoughts and investment plans to long term, the better for them.

Secondly, there is no magic to holding your assets for long term if you don't do the right thing. If you don't invest rightly, build an emergency funds and back up funds, do a proper income allocation, and also manage your income properly, you won't be able to HODL for long term. In view of this, if we must HODL for long, added to our investment mentality, we must invest rightly and build the necessary funds to help guide our investment from crashing

You are right. If the mentality of a person who wants to invest in Bitcoin is not right at the beginning, then there is a high chance of making mistakes and losing money. The main problem in the beginning is mainly due to the lack of the right mindset. If there is no right mindset, there is also a mistake in the plan. It is not possible for someone who expects profit in the short term to hold Bitcoin for a long time. Because his mindset has been developed that way from the beginning. That is why they do not give much importance to creating a backup fund. Many times, they buy Bitcoin with the necessary money by taking some risk and only when the price starts to fall a little, they panic. Maybe they say in that they will hold it for a long time, but the situation forces them to sell Bitcoin at the wrong time.

[Promocodeudo]

I think one major problems investors face is the mentality they had or come with into Bitcoin investment. Am investor that comes in with an already long term investment view or plan will simply do everything to buy and HODL, while those who do not have such long time investment plan will always see every increament in price as an opportunity to sell(trading mindset). Mindset matters, and the earlier people start changing there notion, thoughts and investment plans to long term, the better for them.

Secondly, there is no magic to holding your assets for long term if you don't do the right thing. If you don't invest rightly, build an emergency funds and back up funds, do a proper income allocation, and also manage your income properly, you won't be able to HODL for long term. In view of this, if we must HODL for long, added to our investment mentality, we must invest rightly and build the necessary funds to help guide our investment from crashing

Well, one thing you also need to understand is that one thing is to set a goal or target, another thing is to achieve that target or goal, there are some persons that had the intention of building a very huge Bitcoin portfolio overtime but along the line they derailed from the goal they were chasing, fulfillment of plans has to be backed up with action which comprises patience and perseverance, Bitcoin investment test us in many things, it starts with how determined and focused we are to get to our destination, it takes discipline for us to stick to our goals.
Yea we must initiate the right approach to safeguard and how do we do that, we start by putting in place things that can help us not to withdraw from our investment which you have mentioned, then we must stick to our discreationary income to invest in Bitcoin but that doesn't mean that we will lump sum when we have the funds and also invest aggressively as time goes by.

[pusaka]

It may appear simple, but psychologically it is quite difficult, which is why some people deviate at times and sell when they have not accumulated enough. Bitcoin investment is for those who understand what it is all about, believe in it, and are determined to meet their goal. I hope you understand that investors will face problems such as volatility, which is occasionally caused by market manipulations, but only those who are committed to reach their goals can overcome them. That is why every investor must acquire a good mentality of being patient with their investments, regardless of the hurdles, in order to achieve their goals.

There are various reasons why people sell when their investments don't reach their targets. One of them is inadequate planning, which can lead to doubts about their actions. If they have made thorough preparations, starting with understanding (at least basic knowledge) what Bitcoin and investing are, good financial management, the risks they might face, and so on, they will be more reassured and stick with their investments.

Even people who implement DCA with careful planning will ensure their DCA runs according to plan. Assuming they want to invest but have limited funds, DCA is a solution. With careful planning, they will certainly strive to consistently set aside money each week or month. This will be difficult without careful planning, as there are additional expenses they must cover in addition to their primary needs. 

[Agbam]

Bitcoin is easy to hodl unless you are not prepared to to hodl for long but to trade for a short time, gamblers purposely choose to sell for a short time profit hodling Bitcoin for long is easy if an investor is investing with his discretionary income and not attracted by short time gain, there are investors who are still accumulating Bitcoin and hodl for long because they are not focusing short time gain and are also investing with their discretionary income.

It might seem easy but psychologically it's quite difficult that's why some people deviate at some point and sell when they've not got to over accumulation, Bitcoin investment is for those who understand what it's all about, believe in it and have made up their mind with a determination to meet their target. Hope you know that investors would experience challenges like volatility which is sometimes cause by market manipulations but only those who are determined to meet their target would overcome it. That's why every investor need to develop a good mentality of being patient with their investment regardless of any challenges so they'll definitely meet their goals.

I don't understand what you mean by market manipulation, as far as I'm concerned bitcoin's price movement can not be manipulated, that's one of the reasons why it's such an amazing asset to invest in but what you are saying presumes that's bitcoins price can be manipulated and if that's the case then bitcoin is not as independent as it has been claimed to be.
I disagree with you though, bitcoin can not be manipulated, you won't see any other asset as influence free as bitcoin is or as transparent, no country has a say on its price movement, no central bank can claim to control it and it's definitely not being regulated by any fiat, people can try but bitcoin is manipulation free.

You’re sounding too sure for something you clearly don’t understand fully.

Let me be on the same page as you, Bitcoin cannot be manipulated at the core level because its on-chain supply is fixed and transparent but it’s price isn’t determined on the blockchain, prices are determined in the market and that’s where the manipulation happens because market is not fully decentralised.
Large holders (Whales) can decide to do a well coordinated buys or sell or Exchange proclaiming what they’re not.


JJG gave the example of what happened with the FTX, that’s just one case, there are so many others. Though this manipulations happen but they are only for the short term.
Manipulations happen in the market but it doesn’t affect bitcoin core properties.

[rezakurnia66]

You are right. If the mentality of a person who wants to invest in Bitcoin is not right at the beginning, then there is a high chance of making mistakes and losing money. The main problem in the beginning is mainly due to the lack of the right mindset. If there is no right mindset, there is also a mistake in the plan. It is not possible for someone who expects profit in the short term to hold Bitcoin for a long time. Because his mindset has been developed that way from the beginning. That is why they do not give much importance to creating a backup fund. Many times, they buy Bitcoin with the necessary money by taking some risk and only when the price starts to fall a little, they panic. Maybe they say in that they will hold it for a long time, but the situation forces them to sell Bitcoin at the wrong time.

Important part have ready with mentality when investing in bitcoin because all investment way always has risk with possibility decreasing values of our investment, usually the beginner in bitcoin investment have fatal mistake investing in bitcoin when the wrong moment after bitcoin hit higher price and less risk management to cut loss. In other side behind less knowledge about how to manage well risk management many beginner not prepare back up fund and buying all out at one moment, forget for allocating few percent for back up fund as most important way when bitcoin get decreasing to lower price.
For the beginner in cryptocurrency trading exactly want to invest in bitcoin have to learn more about how to manage about risk management, back up fund way until prepare good mentality when the market at downtrend position.

[justinlamode]

Important part have ready with mentality when investing in bitcoin because all investment way always has risk with possibility decreasing values of our investment, usually the beginner in bitcoin investment have fatal mistake investing in bitcoin when the wrong moment after bitcoin hit higher price and less risk management to cut loss. In other side behind less knowledge about how to manage well risk management many beginner not prepare back up fund and buying all out at one moment, forget for allocating few percent for back up fund as most important way when bitcoin get decreasing to lower price.
For the beginner in cryptocurrency trading exactly want to invest in bitcoin have to learn more about how to manage about risk management, back up fund way until prepare good mentality when the market at downtrend position.

We are not discussing trading here neither are we talking about cryptocurrency in general, our discussion is about Bitcoin and how to invest and hold for long term. A beginner should never start with trading or short term investment, it will most likely lead to failure, pains and regrets because of the risk involved. What a beginner should aim for is to invest in Bitcoin and hold for like 5 to 10 hears and even beyond so that the risk of losing will be greatly minimized.

Some of us were tempted to trade our money which we thought were too small to start Bitcoin investment. The aim was to build the money into something big from which we can invest in Bitcoin, but on the process we lost it. Even though you want to start small, you can build from there through the DCA method and apply consistency to it.