Buy Buy Buy or Sell Sell Sell?

[Yablee0]

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.

Trader's are likely moved and emotional in every slides dip that takes place and as such panic and sell at lost and later regret when the price pump back. Perhaps being a trader is so stressful and it not a good part to go if you are really aiming higher in the game. While the long term investor understand that every dip that occurs is just a better opportunity of accumulating more to their Bitcoin portfolio. Furthermore, a real investor take advantage of opportunity instead of panicking, they stand firm hoping that what the future hold in stock is too great to miss out, however if you must achieve greatness in your investment journey then  thinking anything less than 5-10 years shouldn't be in your agenda.

[Sim_card]

usually the beginner in bitcoin investment have fatal mistake investing in bitcoin when the wrong moment after bitcoin hit higher price

Who told you that buying bitcoin at ATH is a wrong time of buying bitcoin. Who will know that the price is at ATH. However, any investor using DCA to accumulate bitcoin needs to buy bitcoin at all time be it during the bear market or the bull run because that's how DCA works. It's not about what price you're buying but ongoingly buying to increase your bitcoin stash and reach your target faster.

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.

You keep on talking about waiting for the dip before buying which is a wrong strategy for a brand new investor and investors in their accumulation stage. Waiting is a waste of time and it will prevent you from buying a significant amount of bitcoin overtime because you are busy waiting to buy cheap bitcoin.

It's better to use DCA strategy to accumulate bitcoin weekly in order to continue buying continously and persistently for 4-10 years and above till you reach your bitcoin target instead, of waiting for the dip that you are clueless on when it will come. What if the dip doesn't come.

[PhilosopherKing]

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.

Ongoing investment is the best way that person can learn about bitcoin. Because if person start buying, they are similarly learning in reality the way that transaction work and how market behave. It is selfdeception for person to delay their ongoing investment because they are learning theory of bitcoin. Knowledge without acting is absolutely rubbish.

So person should quit waiting because they are not helping themselves when they are doing that. They should not take big risk because they are just starting, so the person can commence small, so they can observe how things works and maybe make minor mistakes that will help them understand things better.

[Bright0515]

For the beginner in cryptocurrency trading exactly want to invest in bitcoin have to learn more about how to manage about risk management,

We are not talking about trading, and as a matter of fact it is not wise to wait until you are fully equipped with bunch of Bitcoin ideas before you can start investing into Bitcoin. What is needed to start buying Bitcoin is just a common sense and your discretionary income, nothing more nothing less. So long as you have gotten started and you are consistent towards accumulating Bitcoin and holding for long term you will eventually learn more or let's just say have more experience toward Bitcoin investment because you will eventually experience the UP's and the DOWN's of Bitcoin. DCA method is a wonderful method to use during Bitcoin investment, both newbies and experience investors can also use the strategy to accumulate Bitcoin for long term because you won't feel some sort of financial pressures during your accumulation process because you are only buy Bitcoin with your discretionary income and you are also keeping some amount of money for emergency situations (so you are guided).

Based on the bold part of your comment, as a beginner it's not wise to wait till fully equipped with ideas before investing into Bitcoin because it learning doesn't guarantee anyone to make profit from Bitcoin investment, what really matters is how consistent you are and how long you are willing to accumulate Bitcoin. I believe I might have said this before now because from my own understanding I believe that when a beginner knows too much they might get confused towards Bitcoin investment and it might also stop them from buying and accumulating Bitcoin early. Another disadvantage of learning a lot before starting to invest in Bitcoin as a beginner is that it might they might neglect the importance of starting small, meanwhile starting small really helps beginners to understand the market better.

[Creeper0]

Ongoing investment is the best way that person can learn about bitcoin. Because if person start buying, they are similarly learning in reality the way that transaction work and how market behave. It is selfdeception for person to delay their ongoing investment because they are learning theory of bitcoin. Knowledge without acting is absolutely rubbish.

So person should quit waiting because they are not helping themselves when they are doing that. They should not take big risk because they are just starting, so the person can commence small, so they can observe how things works and maybe make minor mistakes that will help them understand things better.

Failure is the first step in gaining knowledge, every mistake teaches us something new. It is normal to make mistakes in the beginning of investing, the more mistakes you make in the beginning, the more you will learn and the chances of managing perfect investments will increase later. There is a difference between theoretical knowledge and practical knowledge, no matter how much theoretical knowledge you possess, there will definitely be a possibility of making mistakes during use. Theoretical knowledge is incomplete without practical knowledge. Although it is possible to manage a task with practical knowledge, theoretical knowledge is definitely important.

Therefore, when we acquire knowledge, we should focus on both sides. Acquiring a little theoretical knowledge and trying to acquire practical knowledge using that knowledge is the main strategy of education. In the case of investment, delaying investment for the sake of acquiring theoretical knowledge is very foolish, in this case we are pushing away goal achievement and also falling behind in acquiring practical knowledge.

[Showlove01]

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.

I don't really understand what you meant by right mentality because apart from trading or short term mentality I don't think there is any other mentality that is not right and even trading mentality is a right mentality because some people make money from it but that is not the reason behind this thread. What everyone needs to start Bitcoin investment is the basic knowledge. And in Bitcoin investment what should be prioritize is our discretionary income because it is the prime mover in Bitcoin investment.

[ejikeme24]

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.

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

What did you mean by only some people have access to bitcoin, are you trying to limit bitcoin investment to some set of people? In as much as bitcoin is not regulated by the government I would say that everyone have access to it, there are some countries that doesn't accept bitcoin yet their citizens are holding bitcoin privately, this is one thing that interest me the most about bitcoin investment, you can easily hold bitcoin even in a place where its been prohibited or ban and no one is going to find out if you're holding such thing unless you will be the one to review it if not that, then you can continue making your HODLin until you get to your overaccumulation status.

[Joy- maker]

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

When you approach Bitcoin with the wrong mentality (short term mentality) you are likely not to reach your accumulating target if you have any. How you prepare your mind from beginning of your bitcoin investment journey will determine if you will deviate from Long term holding or not. Imo, before you dive into Bitcoin investment be sure of what you want, don't go into Bitcoin investment without a plan because you will end up panic selling when Bitcoin price drops or greed selling when Bitcoin price pump to a certain level.

I agree with you that there is no magic in holding Bitcoin, those investors who have held on their Bitcoin investment till date didn't use magic, they had a clear goal to be accumulating Bitcoin continuously till they reach their accumulating target and hold for long term. yet after reaching their accumulating target and held it for years they still didn't sell their Bitcoin investment, because they are not in need of money. Because what is the point of selling your Bitcoin investment after reaching your accumulating target and held for years when you won't be needing the money anytime soon.

[Bigjoe33]

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.

Trader's are likely moved and emotional in every slides dip that takes place and as such panic and sell at lost and later regret when the price pump back. Perhaps being a trader is so stressful and it not a good part to go if you are really aiming higher in the game.

Everyone will certainly bear the risk of what they get themselves into personally, and since everyone has the right to choice and/or do what they like with there income, they can go ahead and also bear the risk alone.

The stress associated with trading is what I can't venture into or absorb. Reading charts and monitoring the market most of the times if not always avoid to avioid a loss of there money completel.. I would prefer just strictly on investment , Bitcoin investment to be precise. Even though our gains are not guaranteed at a given time, it's better than trading since there is hopes that if we HODL for a long time, it can yield something positive since it has proven a store of value over the years. Just buy consistent regardless of the price, and HODL

[Joeboy]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

[PERtua]

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.

Trader's are likely moved and emotional in every slides dip that takes place and as such panic and sell at lost and later regret when the price pump back. Perhaps being a trader is so stressful and it not a good part to go if you are really aiming higher in the game. While the long term investor understand that every dip that occurs is just a better opportunity of accumulating more to their Bitcoin portfolio. Furthermore, a real investor take advantage of opportunity instead of panicking, they stand firm hoping that what the future hold in stock is too great to miss out, however if you must achieve greatness in your investment journey then  thinking anything less than 5-10 years shouldn't be in your agenda.

I support the fact that the biggest distinction between traders and long-term investors is the ability to control emotions. Any change in candles immediately impacts traders, as in the short term, volatility directly influences their positions, whereas investors are generally concerned with the future of Bitcoin a few years down the line. This scenario of panic selling every time the market goes down has destroyed numerous portfolios and others have been restored shortly thereafter. Meanwhile. trading does not always have a negative aspect. but it should be highly disciplined. risk aware. and experienced. In my case the buy buy buy or sell sell sell mentality ought to be based on plan, rather than feeling. Dips are mostly regarded as an opportunity by long-term holders, whereas emotional decisions are most likely to be regretted later.

[cyberninja2]

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

I think this is a very appropriate answer because Bitcoin isn't just for those with reputations but for everyone who wants to participate if they're ready to use it. So my question is why many people still misunderstand matters related to Bitcoin sometimes saying that Bitcoin can only be used by certain people.

And yesterday I also saw the same topic as this which is Bitcoin why do some say that it can only be used by special people not everyone or parties can use it because the reason is that this system fully supports all people both young, old, rich and poor as long as they are able to invest in accumulating Bitcoin I think it's not a problem, especially for everyone who wants to use Bitcoin when they want to invest they are still guided by their discretionary income and they also definitely think that they will not do more than their capacity because everyone must have other responsibilities not only for investing but there are still many things that need to be fulfilled so I think all parties can do or use this system because everyone in doing it remains in accordance with the expectations they have and they will not do more than what they have.

[Taskford]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Yeah anyone can invest on Bitcoin whatever their background is, their age and what class on the society they belong. But unfortunately many are still skeptical because what they only know is Bitcoin is risky and volatile asset, I feel bad for those people thinking about that since they don't know what opportunity they are missing at for passing on Bitcoin.

Great for those people who pays attention to know more about Bitcoin and separate some funds from their discretionary income to invest. Then go long term with this great asset they are starting good. But we cannot really say that anyone can join without getting panic since people have different tolerance level.

But for them not to do those crazy things that can possible cause capital loses they must understand that Bitcoin is good for long term and not for short term. With that people would provably learn not to get panic to sell early then continue to be consistent buying then go long term especially do DCA on Bitcoin.

[alankasman]

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Any party can use it and it doesn't have to be for those in power. Investing is mostly done by ordinary people. This doesn't mean those with wealth can't do it but there are many considerations they have to think about. In my opinion for those with sufficient finances and a steady income they will be more consistent in doing so.

This idea in my opinion is very inappropriate because all parties will clarify the delivery if it is true that this Bitcoin is not only aimed at those who have the potential but for those who are rich poor old and for those who are young can use this Bitcoin to make investments because everyone who has done it certainly has their own goals and they also will not do beyond their capabilities for another reason is that they also do not accumulate with amounts that sometimes have to be large but even with small amounts they still do this they think about what they do will not be an impact on the risks they will receive and more clearly they do it according to the income capabilities generated so that their pressure will not occur because this they do according to the cash flow they have and in the end the sense of comfort in doing will be more directed without any pressure.

[Solokan]

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.

Trader's are likely moved and emotional in every slides dip that takes place and as such panic and sell at lost and later regret when the price pump back. Perhaps being a trader is so stressful and it not a good part to go if you are really aiming higher in the game.

Being a trader is certainly not easy and is mentally draining when our short-term predictions fail. It's different from investing, where we can remain calm even if the BTC price drops. However, as a trader, we must maintain a calm mentality. Long-term investment is more comfortable because we don't need to focus too much on BTC declines; the focus is on future profits, which will certainly improve and continue to grow our BTC.

However, I know that many people are now switching to long-term BTC investments because they are fed up with constant losses and can't find comfort because the mental torture is uncomfortable. So, I think someday many people who were previously trading will switch to BTC investments. I think for those who want to invest in BTC, now is the right time. While others are trading a lot, this is actually a good opportunity for us to invest long-term in BTC.

[Tongley]

Yeah anyone can invest on Bitcoin whatever their background is, their age and what class on the society they belong. But unfortunately many are still skeptical because what they only know is Bitcoin is risky and volatile asset, I feel bad for those people thinking about that since they don't know what opportunity they are missing at for passing on Bitcoin.

Great for those people who pays attention to know more about Bitcoin and separate some funds from their discretionary income to invest. Then go long term with this great asset they are starting good. But we cannot really say that anyone can join without getting panic since people have different tolerance level.

But for them not to do those crazy things that can possible cause capital loses they must understand that Bitcoin is good for long term and not for short term. With that people would provably learn not to get panic to sell early then continue to be consistent buying then go long term especially do DCA on Bitcoin.

It is not necessary to know much to invest in Bitcoin, but rather to start investing by earning discretionary income, which is the first step or method of Bitcoin investment. Starting investment is the most necessary, after starting investment, a person can gain more knowledge, investment and knowledge can be taken forward in parallel. If someone waits to start investing for gaining knowledge, then it will be foolish and the main reason for losing the target from his investment journey. Therefore, it is necessary to start investing by earning discretionary income.

From the past to the present, Bitcoin has given the best results or rewarded everyone more in long-term investment. But the person who entered Bitcoin with a short-term mentality may have faced losses today or have benefited much less than the person who invested in long-term. Although there is no certainty of profiting from Bitcoin, if we invest in the long term, our chances of profiting are much higher.

[Renampun]

It would be foolish to feel the need to know everything if you want to invest in Bitcoin for the long term
snip

It's not necessary to know everything if you want to invest in Bitcoin. you just need to understand the basics of investing in Bitcoin, such as how much discretionary income you have and your commitment to long-term investing with DCA or accumulation.. then, as you invest, you can learn more about Bitcoin. this way, you won't procrastinate on investing because you're too busy to learn everything and keep putting it off because you feel you're not fully ready. it's better to start investing, and as you learn over time, your understanding will improve.

[Kelward]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.

Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

[Gallar]

Trader's are likely moved and emotional in every slides dip that takes place and as such panic and sell at lost and later regret when the price pump back. Perhaps being a trader is so stressful and it not a good part to go if you are really aiming higher in the game. While the long term investor understand that every dip that occurs is just a better opportunity of accumulating more to their Bitcoin portfolio. Furthermore, a real investor take advantage of opportunity instead of panicking, they stand firm hoping that what the future hold in stock is too great to miss out, however if you must achieve greatness in your investment journey then  thinking anything less than 5-10 years shouldn't be in your agenda.

Yes, even at a glance, we're likely already aware that being a trader isn't a good idea, as the risks are substantial, combined with severe mental stress, which can make things incredibly difficult. So, I think people who become traders clearly don't research what trading is like. Because, if people had researched trading first, most people would likely avoid it.

Basically, if we have capital or discretionary funds that aren't allocated for anything, rather than wasting that money on trading, it's better to invest in Bitcoin. Besides being less difficult,, investing in Bitcoin also has significant potential for profit. So,, in essence, investing in Bitcoin is better than trading. Investing in Bitcoin also reduces stress and frees up time for other activities. That's what I believe is the added value. Therefore, I believe it's time for traders to wake up.

[Finebone]

. So, I think people who become traders clearly don't research what trading is like. Because, if people had researched trading first, most people would likely avoid it.

This can only happen to those that are ignorant of the losses attached to trading, but those people that are aware of how difficult trading is, are mostly impatient, they just want to make money quickly, and since trading offers that opportunity, they do not know that trading is not easy, it very difficult than what most people even think, that is why it's only 2% of traders that are profitable.

Basically, if we have capital or discretionary funds that aren't allocated for anything, rather than wasting that money on trading, it's better to invest in Bitcoin. Besides being less difficult,, investing in Bitcoin also has significant potential for profit. So,, in essence, investing in Bitcoin is better than trading. Investing in Bitcoin also reduces stress and frees up time for other activities. That's what I believe is the added value. Therefore, I believe it's time for traders to wake up.

What you said here are very correct, Bitcoin investment is easier and more lucrative than trading if you compare both of them in a period of 8 years and above, but the reason most traders will still be trading, even though they are not making anything from it is because of impatient, they just want to make money very fast, which is very bad .